This is the year that cryptocurrencies have become big money, when everything from celebrities to gamers and image shoppers have dived into the blockchain. -based digital collector’s stocks and play-to-loan platforms that changed the dynamics of the gaming industry.
Investors and retailers alike have invested in crypto assets, blockchain-based products, and services such as non-fungible tokens, turning a $ 1 trillion market into $ 3. one trillion in less than 12 months.
More recently, the rise of the metaverse has created a new wave of investment opportunities for everything from digital landowners to digital developers. Investors have welcomed the growing complexity of the cryptosphere.
By 2022, as in most consumer cases, decentralized finance is growing. And as the metaverse and NFTs – a digital display of a piece of real -world art, music or video, for example – grow and become popular, cryptocurrencies are expected to increase in value.
The rise of the cryptocurrency market has not only been driven by bitcoin. The other small coins have grown significantly each year and gained popularity. Dogecoin, a cryptocurrency that was created a few years ago as a scam, is one of the star players, and has provided a variety of spin-offs that have reached dizzying heights.
The so-called real altcoins in the blockchains that people believe will dominate the financial world of the future, as well as the digital government, have expanded, making crypto-superstars from things like solana, cardano and avalanche. Billionaire crypto bull Mike Novogratz called ether a better investment than bitcoin because people look at it as a technology bet.
But these are small markets that are very difficult. This allows traders to anticipate significant losses or gains in the face of adversity. A cryptocurrency can go up to 100% in a week, just turn the table and give those gains in days, or hours in some cases.
Bitcoin, the cryptocurrency leader in sales, has grown by about 70% so far this year. Now, many metaverse-native cryptocurrencies, based on the ethereum blockchain, have been expanded from one week to the next, because whoever wants to enter these worlds data must first obtain the relevant digital currency.
For example, users of the Sandbox world can build, own, and monetize their gaming experience on the ethereum blockchain using SAND, the platform’s real -time token. The same is true for Decentraland users, or Axie Infinity players, who can produce, use and customize their small digital devices. Each platform earns its real money.
Insider looked at the top 10 best performing cryptocurrencies last year with a market value of over $ 1 billion, according to data from CoinMarketCap.
Market Market: $ 6.8 billion
Hana YTD: 4,397%
Market Market: $ 2.2 billion
Hanana YTD: 4,464%
Market Limit: $ 1.9 billion
Hana YTD: 8.131%
Market Market: $ 3.9 billion
Hanana YTD: 8.966%
Market Market: $ 58.2 billion
Hana YTD: 10,180%
Market Market: $ 28.7 billion
Hana YTD: 11.558%
Market Market: $ 16.3 billion
Hana YTD: 12,817%
3. The Sand Box
Market Market: $ 4.9 billion
Hana YTD: 14.629%
2. Axie Infinity
Market Market: $ 6.8 billion
Hana YTD: 18.996%
: $ 3.6 billion
Hana YTD: 50.829%
Read more: The chief investor of a $ 150 million cryptocurrency is sharing 3 altcoins of layer -one protocols that can ‘attract a lot of money’ – and 2 types that stand out to be watched. in the coming year.