Cryptocurrency: The Idea Of 2022 Top 10 Hot Asset Comprehensive Section Entering 2022
“Cryptocurrency: a brief synthesis of the top 10 popular assets in 2021 and ideas entering 2022”.
By Glyn Granville Gifford
The following article discusses and compares cryptocurrency tables:
Coin Hot Gas Off Percent Gain Rollback
BTC 28926 46208 59.75% February 2
ETH736.30 3675.45 499.20 May 7
BNB 37.35 511.47 1370 11 April
SOL 1.512 169.97 11240% September 7
ADA0.1813 1.3078 721.3 February 27
XRP 0.21960.8294 377.7 April 4
DOT 7.232 26.678 368.9 12 February
LUNA 0.655 85.45 13046% December 21
AVAX 3.195 109.39 3424 November 17
Link 11.24 19.52 73.67% 1, 14
*UTC 00:00 a.m. on January 1 to midnight on December 31 UTC, Gate.io
- Ranking from high to low. Cominmarketcap.com
*Rollback: The asset is restored to the last day of the highest price in 2021.
Well, it’s been a wonderful year for cryptocurrencies. It can be seen that all nine altconstens are superior to bitcoin, so the value of Satoshi is also increasing. The ranking includes links. Last year, it was the top 10 assets, but it did not perform well compared with all other listed altCoins, dropping from the top 10 to the 23rd. It does not include stable coins, USDT3, USDC 7, BUSD 15, UST 21 and Link 19.
The most noticeable latecomers are Luna and Sol, with a revenue of more than 10000%, especially AVAX. Will they continue to live through 2022 and gain more benefits? Or is it overheating now? Considering the huge returns obtained in such a short period of time, many 2021 investors, especially those investing in the first quarter, may be inclined to sell the hodl position.
The battle between Bitcoin and Ethernet is a wonderful battle. At the end of this year, Bitcoin accounted for 40.2%, and Ethernet accounted for 20% of the whole cryptocurrency market.(I agree with the stable coin still included in the market price calculation. Therefore, the actual market share of unsecured assets is actually higher.) Since 2021, it has grown significantly and quickly caught up with Bitcoin. Will 2022 become what many traders call the “BTC Round”? Does the total market price of Ethernet exceed Bitcoin and occupy the first place in Bitcoin? It is too early to say, but the current total market price is almost half of the total market price of Bitcoin. It is indeed possible for Bitcoin to do so.
However, the coin of direct threat ranked third and was a strong competitor of Ethernet. In 2021, BNB of Binance running Binance Smart Chain(BSC) network will gain great attraction through a large number of altconnections transactions. It can be seen that ETH has performed well this year, nearly 500%, but BNB has increased by 1370%. It can be said that pudding has evidence. In my opinion, this difference in income is attributed to a simple and important factor, namely, the cost of gasoline. For example, Gate will now extract USDT of all amounts through Ethernet(ETH/ERC20). The cost of io is $66, but it will cost 80 cents to use Binance smart chain in Binance(BSC/BEP20)(subject to January 1, 2022). In particular, ETH fees are updated hourly, so they will decrease and increase accordingly. AFAIK BSC costs are fixed.) Of all assets, there are two networks to choose from for transporting coins. The cost price comparison is obvious. When using Ethernet, the cost is usually more than 10 times(as can be seen from a regular search for a few spare coins). They said that, after many setbacks, the update of ETH version 2.0 will be solved in June 2022(Investopedia: Ethernet upgrade postponed the difficulty bomb, and the visit time was January 1, 2022). Refer to this document for a more comprehensive discussion. Although it is not clear when the problem of gas cost will be solved, with the full implementation of ETH2.0, energy consumption is expected to reduce by about 99.95%, which in turn affects the price of asset extraction costs), which can change the rules of the game of Ethernet. Although it is able to surpass BNB from the spot price income, it cannot be guaranteed. At the beginning of 2021, BNB’s strong starting position will undoubtedly improve, and 2022 may be another explosive year; time will prove everything.
XRP is still continuing. Surprisingly, it has increased by 377% this year. However, the Securities and Exchange Commission(SEC) is investigating, and since December 2020, the problem has not been completely solved. Back to the original altconne season in early 2018, although it reached the peak of $4.16, it was only 10 cents in the collapse of the Champions League in March 2020. It rebounded to US $1.96 in April 2021, but now it has dropped by more than half from the highest value of that year, and it is 83 cents at the end of the year(data point Gate. io. Weeks of 1/18 $4.161, 9/3/20 $0.10290, 12/4/21 $1.96582). There are still many controversies about the direction of this coin, whether it will be adopted by banks on a large scale, and whether it will be used as a trading coin in the global banking system. XRP has received many exaggerated advertisements in the past, but failed to deliver on its promises. In my opinion, this is an asset that should be avoided. Because many other new altconnes seem more promising. Why invest in coins with a tortuous history?
Among the three coins mentioned finally, ADA, DOT and LINK are 721%, 369% and 73.7% superior to Bitcoin. ADA is a promising coin, but it fails to reach the goal of US $10 in 2021. However, the revenue is still impressive, and it is expected that this commitment will be fulfilled at the current comfortable price of $1.30 a year later. In terms of revenue, DOT lags far behind ADA and has done well. It has gained a lot of attraction and interest through various projects, especially quasi chain auction. This is also a coin with a bright future in 2022.
Finally, LINK is no longer the best coin, but it is included in the chart. Because this coin has received a lot of exaggerated advertisements, and promised to issue a 100 dollar coin by the end of the year. However, we can see from the closing price of $19.52 that it is five times lower than the estimated target. What’s wrong with the link? We have to assume that there are so many new competitions such as ADA, SOL and LUNA that investors’ attention has shifted to other projects with more potential benefits. Link experienced a sharp rebound in 2020. In August of that year, it reached its highest value in history(data point Gate.io.2010/8/20, USD 20.168), which has declined by about 3% in the past 17 months. Similarly, because it is similar to XRP’s exaggerated advertisements in the past, why invest these coins when considering many other promising altconne projects?
Finally, rollback is discussed. It can be seen from the table on the first page that, compared with the original historical high in 2021, the rollback date is proposed to emphasize the completion position of assets this year. It can be seen that the first quarter was the most profitable place among BTC, ADA, DOT, LINK and other four assets. This year, Bitcoin, like the roller coaster, hit a record high of $64814 in April and $69000 in November(data point Gate.io, $64814.81 in the 421 week of December, and $69000 in the 11/21 week of August). But between these two highs, $30K fell to $46208 after the collapse. From the point of return, the price of the link did not actually rise until January 14. Therefore, the year-end price did not rise within 50 weeks. It can be said that for quite some time, compared with many other altconnes, the performance was poor. After Bitcoin hit the 50K line for the first time, the growth of DOT and ADA was very thin from mid February to late February. Therefore, from then on to the end of the year, the price of Sato City has almost recovered to a similar level in the next three quarters. Finally, Bitcoin is the king. Bitcoin has the ability to attract altconnections up and down. Sometimes it will be greatly reduced in the process of decline. In a given day of trading, altconnections usually suffer a loss of 2-3 times.
ETH, BNB and XRP rose to the second quarter, and reached the rough Sato evaluation from that time to the end of the year. This is almost consistent with BTC’s record high of US $64814 for the first time this year. Therefore, Bitcoin obviously helps these altconnections bring considerable benefits. In particular, BNB’s spot price soared 1370% at the end of the year. Ethernet(ETH) is not very bad at 500%, and XRP has also gained great benefits from the rising momentum of Bitcoin.
Finally, the parabolic operation of SOL, LUNA and AVAX mostly saw their price trends, mainly in the fourth quarter, but by the end of the third quarter, SOL had slightly improved. Yes, SOL and LUNA will have a parabola rise. The increase may exceed 10000%, more. But be careful when buying these two tokens. Because it will overheat.
In a word, yes. This is a great year for cryptocurrencies. The total market price has increased from less than $1 trillion to more than $2 trillion. Considering the history of 12 years at most, it is still an immature market. Time will tell us whether the whole encryption idea takes off, and whether it really becomes the next step of financial evolution taken by the powerful countries in the financial world on a large scale, or another foam. I don’t know the answer to this question. I don’t think anyone can draw such or such conclusions now. Because it’s too early. But it’s time to take this rich train to board the plane and invest in the next year; if there is a warning signal, jump down. Just like the amazing 2021 of encryption 2022, we will be interested in seeing the end in 365 days.
However, Uber will make many upward forecasts at the beginning of each year. For example, by the end of 2021, the difference between “100000 Bitcoin” and the expected target is 1 mile, which is $462.08 million, more than twice the expected target. As of December 31, many people, including Brock Pierce, announced the goal of 200000 people this year. To me, these beautiful archetypal characters are somewhat arbitrary, just like drawing an impressive happy figure. They often fail. 2021 requires 100000 Bitcoin, 100000 ETH, 100 USD link, 10 USD ADA, etc. But as you can see, although no target can approach this arbitrary number, in general, you should be happy for the gains of these four coins. In my opinion, no matter what its value is, it ignores speculation and huge predictions, and is willing to obtain 100% return on assets within a year. Because apart from the crypto world, where can you get such huge benefits? Yes, although some of them are there, it is easiest to make money sitting in armchairs running laptops and encryption platforms. Good luck in 2022.
Green Granville Gifford, January 1, 2022.
