Solana (SOL), Shiba Inu (SHIB), Cardano (ADA), Avalanche (AVAX) & Polygon (MATIC) – What you need to know about these cryptocurrencies
from Analytics Insight
January 10, 2022
These cryptocurrencies have risen to an all-time high and have given investors a maximum.
Solana, Cardano, and many other major cryptocurrencies are expected to deliver more this year as competition for the best cryptocurrency takes shape in 2022. There is so much to these blockchain based projects that will make them more competitive and improve the user experience even more. Here are some of the things you can expect from the following cryptocurrencies:
1. Solana (SOL)
Solana has firmly established itself in the crypto industry by building one of the fastest blockchains in less than two years. With 50,000 t / s, Solana has proven to be a scout. But 2022 will likely be the best year for $ SOL investors. The Solana team is planning many developments, including mainnet upgrades to increase protocol speed.
With a demand of 400,000 t / s, the team plans to upgrade the Solana network for higher speed, cheaper transactions and better security. The Solana team is also working to attract more projects to the network in 2022. All of these developments will have a massive impact on the $ SOL and possibly lead to a new ETH.
2. Shiba Inu (SHIB)
Shiba Inu will always be the magic coin that investors don’t want to lose. It is one of the 2021 coins that made many people millionaires. Although the coin price has been falling since the fourth quarter of 2021, Shiba Inu is one of the crypto coins with a huge explosion potential in 2022.
The Shiba team recently launched Doggy DAO, a highly anticipated network upgrade. This DAO will do two important things. First, it gives the users the ability to vote on the projects and also the trading pairs. The second important thing is to limit the influence of the whales.
The Shiba Inu team is also adding more use cases for the token with the introduction of NFTs and other projects. So the coin is going strong and it could bounce back very soon.
3. Cardano (ADA)
Cardano is working on making its blockchain better to beat competitors like Solana, especially in terms of scalability. The Cardano team has already announced this year’s plans and above all the roadmap for the first quarter of 2022. One of the most important things that will happen at Cardano is the introduction of the new protocol called Hydra. The protocol was developed in 2022 with the aim of addressing low throughput, security and user experience.
Hydra is a Layer 2 scalability solution that improves the transaction speed of the Cardano network. The Cardano team is promising more dApdd on the mainnet, and SundaeSwap and MuesliSwap dApps have already confirmed that they will be launching soon. So there is still a lot to do to make Cardano a better blockchain ecosystem in 2022.
4. Bit device (BREEZE)
Bitgert is a cryptocurrency that deserves all attention. The Bitgert project started on July 28, 2021 and has already delivered a lot on the product side. But it’s in 2022 when key products are released, including the centralized exchange and the zero gas fee blockchain.
Brise Exchange images are already out, and the beta version will be released in late February. The zero gas fee blockchain is in the development phase and launch dates are expected very soon. The Bitgert team didxxed this year and the Bitgert project is registered in the Cayman Islands. Read more on the Bitgert website.
5. Centcex (CENX)
When Centcex launched on November 19, 2021, it was already drawing massive attention due to the token utility the project offers. The project is working to provide an unlimited number of dApps that are safe and easy to use. The team implemented the project according to the roadmap.
The Centcex exchange is currently under development, as is the highly anticipated staking program. The beta version of the swap and staking programs will be released shortly. According to Centcex, April is the month the project is listed on various tier 2 exchanges.
The Centcex exchange will also be available for Android phones. Visit the Centcex website for more information.
6. Avalanche (AVAX)
To be the fastest smart contract in the industry involves a lot of work and expectations. There are plenty of others out there who work hard to beat the record Avalanche is always ahead of the rest. The Avalanche team is already working hard to keep the contract as the fastest in 2022. One of the most important things the Avalanche team is doing is improving the recently launched mainnet by making it faster, more secure, and cheaper.
The improvement will also allow the Avalanche network to support more projects, including DeFi and Metaverse, which are among the fastest growing blockchain-based industries today. This means that Avalanche could get stronger in 2022 and even hit a new ATH.
7. Polygon (MATIC)
Until the Ethereum Serenity upgrade is complete, Polygon will still be the best choice for developers. Polygon is a smart contract platform that takes Ethereum’s scalability into account by transforming the blockchain into a multi-chain system. Polygon also helped lower the gas fee, which is a big problem with Ethereum
The Polygon team has done a lot to ensure the contract continues to attract more users by making it cheaper and more affordable. Because of this, Polygon recently acquired more scaling solutions such as Hermez, Nightfall, Miden, and Zero to keep the contract better than it was in 2022. There are many developments pending that MATIC could enlarge this year.
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Analytics insight
Analytics Insight is an influential platform dedicated to insights, trends and opinions from the world of data-driven technologies. It monitors developments, recognitions, and achievements of artificial intelligence, big data, and analytics companies around the world.
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