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When most people get into the world of Cryptocurrency they believe It's just like the Stock Market and even though they might be somewhat similar to one another sum of the key differences between the two are; With stocks your buying shares or equity of a company which u gain Dividends or Interest depending on the stock, also there's more trading options because of the market hours. Where' as with Tokens and the Crypto Exchange market It's 24 hours, There's no limit on day trading so less regulations and because of this the market never sleeps where talking Heavy volatility which gives it a vast reach, So in todays blog I am going to be sharing my insights on my current top 5 list of cryptos that I believe most investors like myself will be ready to get high returns in the year 2022.
Chainlink
In one of my previous post I mention Chainlink already and its not because of how catchy it sounds which I do like the name but more on how well its been progressing over the past few months on its Decentralized Oracle Network helping Smart Contracts link on their individual blockchain It's even making a little bit of a buzz around it for investors mainly because smart contracts run off an individual order for smart contracts to continue working in this market they need to count on tokens like Chainlink to help respond to real world events and betting stay regulated up to time such as betting on a soccer game.
What Is Chainlink?
Chainlink expands the capabilities of Smart Contracts by enabling access to real world data and off-chain data computation while maintaining the security and reliability guarantees inherent to the blockchain's technology. Chainlink runs on Decentralized Oracle Network which provides tamper proof inputs, outputs, and computation to support advance smart contracts on any blockchain.
Originally known as ETHLend and Currently sitting at around $230 with an all time high of $666.86 and the market cap of 3.1B I believe Aave (meaning ghost in Finnish) will be another game changer for not just exchanging but for all of the Blockchain and DeFi Protocols with its flash loans which has been used as the first uncollateralized loan option in Defi Space, the only catch is they must be paid back within the same transaction but uses fixed rates and no hidden fees so in my book that's a plus.
Launched in November 2017 until the rebranding in September 2018 Aave Is a Decentralized Finance Protocol that allows people to lend and borrow crypto, Lenders who use Aave can earn interest by depositing digital assets into specially created liquidity pools. Those who borrow from Aave can use their crypto assets as collateral to take out flash loans using liquidity.
3.Efforce
At number three created by co Founder of Apple Steve Wozniak whose goal is to democratize the energy industry with the first energy saving platforms on the blockchain and one of my personal favorite tokens to watch also In my opinion has a bright future in the crypto space we have Efforce an energy efficient token , with an all time high of $3.62 and current sitting around $0.23c I think Efforce(WOZX) has huge potential and room for growth in todays Crypto market by allowing everyone to participate and benefit from worldwide energy efficiency projects.
Is a Native token of energy launched in December of 2020, the main use of Efforce is to democratize the energy efficiency industry, which still suffers from early developments problems with financing and global outreach. Efforce(WOZX) tokens function as a medium through energy savings created on the Efforce platform which are tokenized for use by any holder of WOZX. Efforce main business proposition is to allow participants to make money while developing and contributing to environment-saving energy efficiency initiatives.
4.Dogecoin
Originated by Billy Markus which started as a joke until reddit picked this token up and as I would say ran with it, in my fourth spot we have the legendary meme coin Dogecoin, with a high of $0.73c back in may of 2021 and currently at around 0.16c. While still getting support from big names like Tesla's own Elon Musk Doge has been knocking down barriers for the blockchain, and not just for meme coins but with the impact Doge has had to Crypto, transactions are faster and the amount it takes for gas fees and transfers has been greatly reduced.
What Is Dogecoin?
Forked from Bitcoin's Silver or Litecoin Based on the popular Doge internet meme and features a Shiba Inu on its logo Dogecoin was created in December 2013, Doge creators envisioned it as a fun lighthearted currency token that would have greater appeal beyond the core Bitcoin audience used as a tipping system for online platforms such as reddit and twitter. After several years of being inactive Doge was relaunched in 2021 with a renewed focus on supporting the dogecoin ecosystem, community and promoting the future the blockchain.
Last on my list but certainly just important which has been absolutely volatile and on a tear since December Cosmos has compared ATOM tokens to the ASIC's which are used to mine Bitcoin. starting the year off at around $32 and currently around $37 with a market cap of 8.4b we have cosmos, Their staff surveys has been reporting employees who work for ATOM* feel less stressed, also said that they have not have had a negative impact on customer service or operations in over two months since the digital bank broke ground by declaring that it would move permanently to a four day week.
What Is Cosmos?
Cosmos orgins can be dated back to 2014, when Tendermint, a core contributor to the network was founded. Atom tokens are earned through a Hybrid proof of stake algorithm, which helps Cosmos Hub, the project's flagship blockchain bills itself as a project that solves some of the hardest algorithms facing the blockchain industry. It aims to offer an antidote to slow, expensive, unscalable and environmentally proof of work protocols, by offering an ecosystem of connected blockchains.
