The gold standard in cryptocurrencies has long been Bitcoin, while several other players have entered the blockchain arena, including such popular option as Ethereum.
However, new cryptocurrencies have recently been created that promise to provide strong growth potential going forward. In this article, we list the 5 best new cryptocurrencies to consider adding to your portfolio in 2022.
It is safe to say that Solana is one of the world’s most rapidly expanding blockchain initiatives. Its mission is to make it easier for developers to create high-quality decentralized financial, lending, and web 3 applications, as well as non-fungible token (NFT) systems. SolanaPrime is launching a new venture funding dApp to foster new projects and launch them to secondary markets.
Apps produced with Solana’s technology will have faster speeds than those made with Ethereum, according to the company’s claims. It can process a peak of 65,000 transactions per second, for example. Ethereum, on the other hand, has a maximum throughput of around 30 tps.
In November, Solana cryptocurrencies reached a record high after its venture capital arm, Solana Ventures, partnered with Lightspeed Venture Partners and FTX to launch a new fund, GameFi.
There’s a $100 million fund devoted to Web3 gaming. Since Web3 gaming has become increasingly popular, the price of the coin has risen significantly. The price increase in the NFT area was also largely due to an increase in Solana network membership.
With a biometric cross-chain wallet aggregator and a revolutionary cross-chain credit rating system, Avarta is the next generation of verification.
When using the Avarta wallet, customers can rest certain that their personal biometrics and device behaviour will serve as the key to their wallet’s security and privacy. It is no longer necessary to memorize and save lengthy seed phrases.
Security in an untrustworthy environment is a top priority for Avarta, which is why it was created for use in the rapidly developing DeFi market.
Avarta assigns each user a unique and secure identity. As a result, it provides users with the ideal atmosphere for archiving their transaction records.
Using virtual reality, blockchain, and NFT technology, MetaMall will establish a virtual shopping mall and sell NFTs to customers. Visitors to the mall will be able to immerse themselves in a virtual world thanks to cutting-edge VR technology.
One of the key sources of income for the MetaMall world will be advertising. All of the materials and experiences can be used for advertising reasons. The mall’s owners will receive a share of the advertising revenue based on their ownership stake in the project.
4. Bora Finance
Bora Finance’s goal is to improve the financial situation of individuals who are most in need. Cardano’s cutting-edge technology, models, and techniques will be utilized by Bora Finance, which will be built on the Cardano blockchain says Madelien van der Merwe from Forexrecommend.com
As a result of Cardano’s design, a blockchain can accommodate a large number of transactions while yet keeping transaction costs low.
In order to ensure that the benefits of blockchain technology are available to those who need them most, Bora Finance has a dedicated team working on licensing and regulation.
Bora Finance intends to release four distinct iterations of its product over the course of the next year. With each new release, the marketing and sales teams will have more tools at their disposal.
MetisDAO is a Decentralized Autonomous Organization (DAO) building a unique solution called Metis Rollup.
This will operate as a multi-functional Layer 2 Ethereum protocol designed to make migrating from Web 2.0 to Web 3.0 seamless and easy for individuals and institutional users alike.
As a result of its extensive functionality and wide range of potential applications, MetisDAO is a wise investment. With so many applications, METIS has a good chance of becoming the most popular Layer 2 solution.
As a result, METIS price predictions by blockchain professionals and members of the crypto community are generally bullish.