The rise of cryptocurrencies is inevitable in the cryptocurrency market. Cryptocurrencies in 2022 have huge potential to thrive even more than they did in 2021. What are the 10 promising cryptocurrencies for 2022? Here are the 10 cryptocurrencies introduction with the most potential in 2022 to provide a reference for investors.

Bitcoin

Topping the list is of course the Bitcoin, the world's oldest cryptocurrency, which is no contest. However, it is not performing as well as this time last year. On March 21, 2021, Bitcoin was trading at $57,523 and is now trading at around $41,000. Its market capitalisation has also fallen from $1tn to $78bn.

Ethereum

Ethereum has seen significant growth in the last year. The price of its native token Ether surged from $1,788 on March 21, 2021, to more than $2,800 on March 20, 2022. Its market capitalisation has grown from $209bn to $335bn. This surge in growth can be attributed to the number of decentralized and encrypted projects appearing on the web. Another possible factor behind this upward trend is the network's long-awaited transition to a PoS consensus mechanism.

Tether USDT (Tether)

Tether is a stablecoin pegged to the U.S. dollar. Stable coins are designed to protect holders from the volatility associated with cryptocurrencies. As a result, its transaction value has remained unchanged over the last year at a price of $1. The exciting news, however, is that its market value has more than doubled, from $38 billion to $80 billion.

BNB

BNB is the native token of Binance, the world's largest cryptocurrency exchange. Like many others on the list, it has seen substantial growth over the past year. Last year, its price rose from $264 to $390, and its market value rose from $41 billion to $64 billion.

USD coin

The dollar coin is another stablecoin pegged to the U.S. dollar. Although it fluctuated slightly throughout the year, its price also remained in the $1 range. Its market value has also increased dramatically, from $9 billion to $52 billion.

XRP

XRP has grown slightly despite the token's creator, Ripple, getting tangled up in an exhaustive lawsuit filed against it by the U.S. Securities and Exchange Commission (SEC). Last year, its price rose from $0.51 to $0.80, and its market value rose from $21 billion to $38 billion.

Terra

Terra is a blockchain protocol that uses legal stablecoins to power the global payment system. It currently has one of the largest total value lock-in (TVL) in the market, and its price has increased from $21.98 to $94.27 over the past year. The network's market capitalisation has also risen, from $7bn to $32bn.

Cardano

Cardano, touted as an Ethereum killer, saw prices fall for six months from September to February 2021 and has been slowly recovering ever since. Last year, however, its price and market value fell. Last year, its price fell from $1.18 to $0.88, and its market capitalization fell from $44 billion to $28.6 billion.

Solana

Over the past six months, Solana has encountered some infrastructure problems. The network has experienced several outages, which have been a major cause of concern for many users. However, it has still performed relatively well over the past year, with the price rising from $14.33 to $89.78. However, its market capitalisation has fallen from $44bn to $28.5bn.

Avalanche

Avalanche is another smart contract-based Ethereum competitor. Over the past year, it has been busy acquiring decentralized projects on its platform, with a total value locked in (TVL) of $11 billion. Its price also rose from $32.81 to $82.17 last year, and its market value jumped from $4 billion to $21 billion.

Conclusion

Cryptocurrency investors are very interested in existing cryptocurrencies as well as emerging cryptocurrencies that invest in their digital portfolios. Although the market is known for its high volatility, extensive research and observation can help generate profits in the near future.