The trend is your friend, but while you can ride it for so long, it’s often safe to know when to climb off the surfboard and get on another wave. This is the same for cryptocurrencies. 2021’s top rewarding cryptocurrencies might not make the best investments in 2022. And so, to avoid capsizing under the reverse currents of a cryptocurrency, we bring you the top 10 cryptocurrencies to watch in 2022.

Solana

Competitive Edge: Solid framework and build (faster transactions and minimal fees)

Solana is one of those altcoins that has continued to grow steadily through the years after its launch in April 2009. At inception, the project’s main focus was to leverage bitcoin’s permissionless nature to provide DeFi solutions like smart contracts, payment processing, peer-to-peer lending, and stable coins. Solana’s framework allows up to 710,000 transactions per second on a 1GB network without data partitioning. The proof-of-scale also allows users a high level of scalability and economies of scale with very high speed and very low transactional cost.

What does this mean for the investor? What does it mean for you? For one, Cryptocurrencies with solid builds have more usage and functionality among users, as such, the market cap will continue to grow as more investors turn to Solana. A growing market cap and steady rise in usage and adaptation mean more value to the network, and an appreciation in price based on functionality rather than random volatility spikes.

Solana may not be one to make a spectacular bull-run right now, but it’s definitely a cryptocurrency to keep your eyes on in 2022.

Chainlink

Competitive Edge: Most popular oracle on the market

Chainlink is an Ethereum token that powers the Chainlink decentralized oracle network. Unlike Ethereum and Bitcoin that runs completely on blockchain technology, Chainlink adopts oracles to help connect blockchain to external data sources, APIs, and payment systems, hence they gain access to different types of data that aren’t available on the blockchain.

App developers use Chainlink to make sure their apps work well. This only means that demand for Chainlink will continue to increase through the years as well as its LINK tokens. There is a bright future for Chainlink because more companies will continue to adapt Chainlink in their operation. Good news for investors as well. Since Chainlink has major industrial applications, it means that the growth of this cryptocurrency will be more organic and sustained than the rest of the more volatile cryptocurrencies.

Ripple (XRP)

Competitive Edge: Strong despite the crisis

You might not want to buy Ripple right now, but it’s definitely one to watch. Ripple all so recently lost its place as the third most valuable cryptocurrency, but that’s only because of the case with the SEC. Regardless of the suit that lasted all through 2021, Ripple still went on to gain 346% through the year.

If the coin can still manage to deliver such huge returns despite an ongoing court case, then imagine how well it can fair when the suit is over?

Ripple Labs believe the case will be resolved in 2022, so you might want to keep your eyes out for when this ends.

Binance Coin (BNB)

Competitive Edge: Coin of the largest exchange platform

Binance is by far the world’s largest crypto exchange platform, and its native coin BNB is one every investor must keep on their shortlist.

Binance users who hold BNB enjoy access to discounted trading fees and quick transactions. As Binance continues to grow, BNB will also continue to gain more popularity and increase in market cap.

Just in 2021, Binance coin, BNB, delivered more than 1300% returns to investors. There have been many conversations surrounding the fact that Binance could go public within the next year or two. Imagine how positively that would affect BNB.

If you don’t already own BNB, this might be the perfect time to consider adding it to your crypto investment portfolio.

Dogecoin (DOGE) 

Competitive Edge: Notorious Bull Run & Underdog of the Year

When it comes to cryptocurrency bubbles on a long streak, Dogecoin can be tagged as one of the world’s most successful cryptocurrencies. We all know how it started. Dogecoin was a meme coin that would come to yield more than 4050% in returns for believing investors.

Its rise began with influential celebrities like Elon Musk endorsing the asset on social media. Other celebrities that influenced the price include Snoop Dogg and Miley Cyrus. But can the meme coin forever last on vibes and cruise?

Rumor has it that DOGE is about to take a more serious twist in its use case. Yes, many investors use it for payment as of now, while others invest in it simply because of its reputation for remarkable growth potential. But one thing is certain: as its applications in payments and corporations increase, so will its value and your returns as an investor.

Bitcoin (BTC)

Competitive Edge: First and most valuable cryptocurrency

There’s no need to say too much about bitcoin. Its reputation precedes it. The first of its kind. King by value and market cap, you definitely want to put your eyes on the charts in 2022. Yes, there may be some dips and dips within those dips, but smart investors know that these falls provide huge potential for even greater rewards.

Ethereum

Competitive Edge: Use Case and 2.0 Upgrade

When it comes to value, Ethereum is unarguably the first runner-up. Its smart contract use case even makes it an indispensable asset among serious business-minded investors.

The Ethereum blockchain is currently in the middle of a huge upgrade that will make it faster and cheaper to use if successful. Ultimately, this means that even more investors will be attracted to Ethereum, and the value will increase.

Polygon

Competitive Edge: Integrating Ethereum Systems

Much like Ethereum, Polygon attempts to deal with many technical issues with Ethereum. By connecting Ethereum-compatible blockchain networks, the platform attempts to create Ethereum’s blockchain network while providing DeFi solutions. Definitely, one to watch in 2022.

Hedera (HBAR)

Competitive Edge: Application with Top Gun Institutions

Hedera is most renowned for its fast transaction and low cost. It is the most-used enterprise-grade public network powering the decentralized economy. The owners of Hedera are some of the biggest institutions in the world. This includes Alphabet (GOOGL), LG, Deutsche Telekom (DTEGY), and TATA Communications. If these massive institutions can find applications for Hedera, it shows that it’s here to stay, and many more organizations will be adopting HBAR over time.

Cardano (ADA)

Competitive Edge: Pioneer Ouroboros Concensus Algorithm

Cardano allows users to perform transactions and govern the Cardano blockchain network. Investors always appreciate a great degree of participation. With Cardano’s ledger and smart contracts use cases, you can expect that the influx of investors will continue to rise over the years, hence the value of ADA.

The post Top 10 Cryptocurrencies to Watch in 2022 appeared first on Coin Journal.

• Bitcoin has made a V-shaped recovery in the last 48-hours
• Bitcoin is now trading at a key resistance level of around $38,165.
• f the $38,165 level is broken, $40k BTC is a possibility in the next 24-hours

Bitcoin (BTC/USD) is in a rebound after making a V-shaped recovery at $32800 on January 24, 2022. Buying volumes have been rising as Bitcoin continues to price in the potential interest rates hike in the U.S, which has been the key reason behind its recent decline.

Bitcoin makes a rebound

Bitcoin is the first decentralised digital currency that allows people to transfer money without relying on third-party intermediaries like banks, credit card companies, and so on. Think of it as an electronic form of cash, and you can send Bitcoin from one person’s wallet (a phone app or online account) directly into another individual’s spending portal just by knowing their address.

Over the past year, Bitcoin has attracted a lot of institutional investors, a factor that played a role in its recent rally to $69k. Besides hedge funds and other institutionalised investors, individual corporations have also added Bitcoin to their balance sheets. Some of the more notable ones are Tesla and Microstrategy.

According to Cathie Wood of Ark Invest, if all S&P 500 companies apportion just 5% of their balance sheets to Bitcoin, BTC could be worth upwards of $500k within the decade.

Bitcoin remains highly volatile in the short term, though. At the moment, it is bouncing off a key support level. Investors were fearful that if it had kept going lower and breached $30k, BTC could easily have fallen below $20k.

Bitcoin price prediction

Source: TradingView

In the past 24-hours, Bitcoin has been in the green and managed to push through the 38.2% Fibonacci resistance at $36,989.61. At the moment, Bitcoin is testing the 50.0% Fibonacci resistance at $38,165.27 but is yet to break through it.

If Bitcoin manages to push through $38165.27, it could easily test $40k within the next 24 to 48-hours. However, if Bitcoin fails at $38,165.27, it is highly likely to fall back below $35k.

The post Bitcoin Price Prediction: Can Bitcoin breach resistance? appeared first on Coin Journal.

• Bitcoin Eyes near term support at $32108
• The bulls might have a chance along with the support
• Bitcoin trade with a complete sell-off with little sign of the oversold condition.

Negative market sentiment swept the value of Bitcoin by half of its previous ATH value of $69K in October. At the start of the new trading week on Monday, Bitcoin was spotted in an aggressive red pool of a bearish market.

It was reported that Bitcoin has lost above 50% of its value when compared to the All-Time high value of $69Kin October 2021. With a three month downhill moment yet, there is no sign that this bearish price action will be ending soon

Technical levels to watch before buying Bitcoin

In essence, if you must take a long position for BTC/USD digital currency pair, you ought to be aware that the Bitcoin market is currently trading along the $33903 support region. Hence waiting for a bullish retracement above that level will aid your decision to buy the assets.

However, from a technical analysis viewpoint, Bitcoin seems to pose a long-term bearish price action as the value of the assets aims to hit near-term support at $30696.

In general, a good trading recommendation would be to wait for the price to break above $30696 market initial support before considering taking a long position.

Final thought

The ongoing sell-off in the market could be attributed to the difference in the proportion of demand and supply. In addition, the crypto market will tend to rise in value when the demand outweighs its supply. On the other hand, the market will plummet when the market supply outweighs its demand.

The post Should you buy bitcoin amidst the ongoing market sell-off? appeared first on Coin Journal.

• BlockTower Capital’s Michael Bucella is bullish on crypto, noting that volatility in Bitcoin and Ethereum or other crypto isn’t surprising at all.

As Bitcoin price plummets to lows last seen in July 2021, crypto investor and BlockTower Capital general manager Michael Bucella says retailers should use this as an opportunity to re-enter the market.

The entrepreneur also says that while volatility remains a key issue for some investors, it should not be a surprise to the market given the asset class is still maturing.

Despite a “blowout” in prices that has seen the benchmark crypto fall more than 50% from its all-time high; the investor says Bitcoin’s future outlook is bright.

In a previously recorded interview with CNBC, Bucella noted crypto is likely to see fresh momentum as broader markets look to bounce from the latest sell-off. He says the expectation of higher interest rates from the Fed and other central banks continues to weigh on investor sentiment.

However, with liquidity in crypto available 24/7, the BlockTower Capital executive sees an upside materialising to keep Bitcoin price above a long-term bullish trend. He said the flagship cryptocurrency was “firmly in growth mode” even as it trades alongside the trends in the risky assets market.

On the issue of volatility, Bucella points to Bitcoin and other cryptocurrencies as “a young asset class.” In this case, wild price moves such as witnessed over the years should not be “too surprising.”

He also says the degradation seen over the last several months follows the sharp rise in Bitcoin and Ether in the first half of 2021. He says the price surge that catapulted the coins to fresh was more out of value creation and not fundamental growth.

However, he sees crypto accelerating upwards amid fundamental growth as market structures reestablish themselves.

The analyst also says crypto has held well in the face of the sell-off, compared to some traditional assets in the IPO and SPAC markets that are down as much as 80% over the past few weeks.

The post Bitcoin is still ‘firmly in growth mode,’ says crypto investment firm appeared first on Coin Journal.

• Bitcoin slumped to lows of $33,064 and could tank further given the negative sentiment seeping through the markets.

• Robert Kiyosaki says he’d buy more BTC if prices sink to retest the $20,000 region.

“Rich Dad, Poor Dad” author Robert Kiyosaki says he’s ready to add to his Bitcoin holdings if further declines in the benchmark crypto’s value take it to prices around $20,000.

The bestselling author, who is one of the prominent crypto proponents, said this on Monday as bulls battled to keep prices above $34,000.

But Bitcoin has slipped to lows of $33,600 in intraday trades, the sharp sell-off coming off the back of a brutal week where the flagship cryptocurrency’s value tanked below the key support levels of $40,000 and $37,300.

Kiyosaki says a fresh downturn that intensifies the losses will be “great news.” According to him, this would offer a buy-the-dip opportunity he will seek to exploit.

“Your profits are made when you buy, not when you sell,” he offered in his ‘Words of Wisdom’ tweet.

The US businessman and founder of Rich Global LLC revealed he bought Bitcoin twice in the past- when the cryptocurrency traded around $6,000 and then at $9,000.

“I will buy more if and when BC tests $20k,” he added, striking an optimistic outlook for the market.

The investor has previously explained his distrust of the legacy financial system, predicting a crash for the US dollar.

WOW:Words of Wisdom. “Your profits are made when you buy, not when you sell.” Price of Bitcoin crashing. Great news. I bought BC at $6K and 9K. I will buy more if and when BC tests $20k. Time to get richer is coming. Silver best bargain today. Silver still 50% below high.

— therealkiyosaki (@theRealKiyosaki) January 24, 2022

In May 2020, Kiyosaki predicted that BTC price would hit $75,000, with the target missed when prices topped out at around $69,000.

Bitcoin price is down over 50% since that ATH in November, with the volatility seeing some say the crypto bubble has burst. However, according to Digital Chamber founder Perianne Boring, “volatility is not necessarily a bad thing.”

Speaking to CNBC’s “Squawk Box” she added:

“It’s normal to see 30-50% volatility in the crypto markets in any given month. The markets are behaving just as expected.”

In her view, Bitcoin price will likely rebound higher given the cryptocurrency’s fundamentals “are as strong as ever.“

BTC/USD currently trades around $33,833, down about 6% in the past 24 hours and more than 21% in the red this past week. The intraday low of $33,064 is the lowest BTC has slipped to since July 2021.

The post I will buy more if BTC tests $20k, says renowned author appeared first on Coin Journal.