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Promising altcoins for 2022

2 min read

 

PancakeSwap (CAKE)

CAKE belongs to the decentralized Pancake Swap, which started operating in 2020 on the Binance Smart Chain. Token provides a high income of up to 105% per year. As a result, digital asset is in great demand among members of the crypto community.

pancake pools
Staking pools PancakeSwap

Last year, the value of CAKE increased 22 times and the coin ranked 52nd in terms of capitalization. In the first week of 2022 lost 8% in price.

With a high degree of probability, the bearish trend will continue, as a result of which the asset rate updates the bottom. But given the huge potential of the token, there should be a turnaround in the market.

Thorchain (RUNE)

In 2022, the founders of the Thorchain project seek to take decentralization to a new level by relinquishing reins in favor of the crypto-community. Accordingly, users will control the network.

RUNE tokens are highly functional. They can be sent for staking, lending, used to pay commissions for transactions and for financial transactions. According to standards of cryptocurrency sector, stakers earn only a little – 15.92% per year. However, due to the relatively low volatility of the coin exchange rate, deposits carry less risk. For example, from January 1 to January 7, assets fell by only 4.9%.

Mononoke Inu

Mononoke Inu was born in October 2021, but has already gained interest from the crypto community. The market capitalization of the token reached $ 750 million, the daily trading volume is $ 27 million. This year, the development team has set an ambitious goal – to increase the level of coin capitalization to $ 5 billion.

mononoke game

Abu the creators of Mononoke Ina have met this challenge, releasing a game where you can play a token by participating in daily competitions. In addition, the project’s founders plan to launch NFT tournaments in late November or early December.

Analyst indicates four cryptocurrencies that can value up to 1,000%

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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