“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.” — Warren Buffett
There are several ways to earn money in the crypto market. However, investors need to be aware of these opportunities when searching for ways to grow their portfolios. This article will highlight a few crypto projects that have the potential for significant growth during 2022.
In 2014, Jae Kwon and Ethan Buchman founded Cosmos, a decentralized network of parallel blockchains. This network served as a network for other crypto networks and offered open-source tools to streamline transactions among networks. Several crypto projects were built using the Cosmos network. They include Terra (LUNA), Crypto.com, The Secret Network, Binance Smart Chain, to name a few.
In recognition of its features on the Cosmos blockchain, this network of parallel blockchains is referred to as the Internet of Blockchains. The ATOM token is the native token to the Cosmos network. Investors can purchase this token on several crypto exchanges like Binance, Coinbase, Huobi Global, and Kucoin.
Polymath provides blockchain-based technology for creating, issuing, launching, and managing security tokens. The POLY token is the native token for the Polymath blockchain. Currently, the securities industry is valued at around $80 trillion to $90 trillion. In comparison, Polymath is currently valued at around $400 to $500 million.
With many securities companies moving into blockchain technology, there is a strong indication that the POLY token will see a significant increase within a short period. The POLY token can be purchased on crypto exchanges like Binance, Coinbase, Huobi Global, and Gate.io.
Bitcoin is the first and most popular crypto asset in the world. Despite several drops in value, Bitcoin continues to grow in price. Due to its resilience and worldwide adoption, it still provides investors with an opportunity to earn huge rewards. Additionally, several favourable news are expected to boost the value of Bitcoin in 2022. Bitcoin is available on most crypto exchanges. These include exchanges like Coinbase, Huobi, Gate.io, Binance, Crypto.com, to name a few.
Earlier, we mentioned that Terra was built using the Cosmos network of blockchains. The Terra blockchain was designed for creating stablecoins. Terra stablecoins are convertible to the network’s native token, LUNA.
In simpler terms, this means that if there is a drop in the value of TerrUSD (UST) drops below the value of $1, LUNA tokens are burned. Similarly, when the value of UST rises above $1, more LUNA tokens are printed.
Due to this feature, Terra does not make use of fiat reserves or over-collateralized crypto assets. The LUNA token can be purchased on Kucoin, OKEx, Binance, Huobi Global, and many other exchanges.
Stacks is a layer one network developing a user-owned internet secured by the Bitcoin blockchain. Additionally, the Stacks blockchain is also developing smart contracts, non-fungible tokens and decentralised apps to operate on the Bitcoin blockchain. The STX token is native to the Stacks blockchain. This token is accessible on exchanges like Kucoin, Binance, OKEx, Crypto.com, and many others.
A number of other crypto projects can provide a high return on investment in the crypto markets in 2022, including Rome DAO and Titano. However, before making any investments into any of the crypto assets listed in this article, we urge our readers to carry out their own research. This point is very essential due to the volatile nature of cryptocurrencies and the crypto market.