Despite the fact that the S&P 500 has already outperformed its typical annual total return by more than two times in 2021, when compared to the previous four decades, it’s once again the cryptocurrency market that stole the show.
As of this writing on January 6, the total value of all digital currencies is $2.25 trillion, according to CoinMarketCap.com. That’s up a whopping 191 percent from where it was in 2021 at the beginning of the year. Investors in Bitcoin and Ethereum cryptocurrencies are undoubtedly wealthier right now than they were at the same time last year, owing to the regular outperformance of the “Big Two.” Here are six cryptocurrencies with the potential to triple your money in 2022:
SushiSwap
Sushiswap is an Automated Market Maker, which uses smart contracts to create tradable pairs in the market. The value of the sushi token is expected to appreciate over the next few years. Automated Market Makers are a relatively new idea, and their prospects appear bright.
Looking at the SushiSwap price’s continual increase, it’s worth noting how well the SushiSwap price chart has done over time. Its blockchain-enabled functional benefits are beneficial to investors. Not only does SushiSwap assist with profits, but it also provides hope; Users can utilize different Decentralized App features as influencers and thought-leaders because of the share function provided by SushiSwap.
As a result, in the long term, SushiSwap (SUSHI) may have a large fan base that will help it attain new heights. Sushi price could reach up to $30 in the coming years, according to the current price trend and technical indicators like relative strength index.
Uniswap
Uniswap (CRYPTO:UNI) has lately become a popular investment among crypto enthusiasts, in the race for global market share. Indeed, when one considers the fact that Uniswap was founded less than three years ago, the fact that UNI is now one of the top 20 cryptocurrencies by market capitalization becomes even more impressive.
Transaction volumes are the source of value for the Uniswap DEX and UNI token. Every day, Uniswap has handled an average of $1.5 billion in transactions in recent months.
As a result, investors seeking to board a fast-moving train may wish to consider Uniswap right now. Of course, there is some danger in jumping on a train that is going too fast. Indeed, regulators have lately been examining Uniswap’s recent trades. The takeaway is that Uniswap is a good investment, as evidenced by its excellent overall return on investment, well-known development team, and visionary objective.
EOS
EOS had a tough year in 2021. During the strong crypto rally that began in early January, the coin’s price rose to $14.77, which was a high for the year. Since then, EOS’ price has plummeted by more than 75%, and its ranking has dropped considerably.
The most significant development in the EOS ecosystem was the announcement by Block.one that it had launched an exchange called Bullish,…
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