Federal Reserve monetary tightening announcement and recent market action cryptocurrency caused investors to lose confidence. However, some altcoin needs the attention of the community in the coming year.
Eg, IOTA already integrated smart contract capabilities through a beta release on the platform in 2021. Furthermore, the platform may have several partnerships and launch in 2022.
Launching the Metaverse project
According to a release Recently, the focus of the project has been on bringing developments to the mainnet. Along with that, some projects NFT and Metaverse is built in IOTA at an early stage like Disentangle and IOTA Plus.
“People are basically looking for Sandbox, Decentraland next. This is a project that could be that version.”
In the first quarter of 2022, the platform is expected to introduce mini games in the Solice Metaverse, along with the introduction of staking and the LAND pre-sale.
“The market capitalization increased from 2.5 billion to 10 billion in the span of 2 months. Thus, while the market capitalization of UST quadrupled since November, the price of LUNA increased from 40 to 103 USD (2.5 times), before falling to about 70 USD”.
In the future, analyst Davis will also keep LINK in the list altcoin its adoption rate for 2022 as its acceptance level is currently excellent. On January 1, 2022, Chainlink Network has notification total guaranteed value (TVS) exceeded $75 billion, an increase of more than 10 times over the same period last year. With 1000 projects, the official channel of Chainlink record:
Furthermore, it should be noted that the number of projects coming into operation could double next year. With the buzz surrounding Chainlink's staking launch this year, the launch of the cross-chain interoperability protocol (CCIP) is also something to watch out for.
Together with Convex Finance, Curve also attracted the attention of analysts.
“For both of these properties, I still rate them as having great potential. Both are actually worth several billion dollars each by market capitalization.”
Credible Crypto tweets:
At current prices, $CRV is the most asymmetric risk-reward coin in the space right now imo. A combination of the charts, fundamentals, and the ability to earn 50% APR while you wait for price appreciation is something that is hard to find in this space.— Credible Crypto (@CredibleCrypto) January 2, 2022
“At current prices, CRV is the most asymmetric risk-reward coin in the current space. The combination of charts, fundamentals, and the ability to earn APR 50% while waiting for the price to rise is extremely hard to find in this space.”
Notably, Convex has the total value locked (TVL) is close to $20 billion on DeFillama and was one of the better performing tokens in the last month. Davis commented:
“Most of the supply of both coins is locked. So that means what is available in the market is only a very small part of their total supply. We can see that as a really big price catalyst.”
In addition to the projects mentioned above, analysts are optimistic about Polkadot due to new product launches like Moonbeam. With that said, it looks like 2022 will be an eventful year for the market.