Considering that the world is tilting to cashless and digital economy, cryptocurrencies has become the most used currencies to buy goods and services without stress. It is the easiest way of making transactions online at the comfort of your home without the intervention of any middle man just like in the banking sector with little or no service charge.
Crypto currency is therefore a digital currency that is used to buy goods and services online. The transactions are secured with the aid of cryptography. It works using a Blockchain technology. Block chain is a decentralized technology Data base that stores information.
There are many cryptocurrencies in the market currently but the most popular and first successful in the market is Bitcoin which was developed by Satoshi Nakamoto. Just like other currencies using fiat money e.g. dollar, pounds, naira etc, cryptocurrencies also fluctuates in prices. They could rise and fall in the market and as a result any person who wants to invest in cryptocurrerncy must understand the principles of trading to avoid the risk of losing costly though risks is part of the game.
Today I will discuss about crypto coin predictions in the year 2022.
Though Bitcoin is the first successful and the most expensive crypto coin in the market, there is a prediction that some other crypto coins will exceed it in few months time this year. The coins are listed below:
Dogecoin is one of the crypto projects which is predicted to skyrocket in 2022. It was created by Billy Markus from Portland. It is Elon Musk’s most preferred crypto coin and he has openly praised the coin and made a remark on it to be better than Bitcoin in the nearest future. Celebrities and public figures have been endorsing dogecoin which makes it very competitive. Currently, dogecoin occupy 12th position in the coinmarketcap. In 2021 investors witnessed a growth of $32000 over $1000 but many analysts has a prediction of $0.4 which will result to around 130% growth by the end of 2022.
Floki Inu also known as FLOKI is a memecoins which was created in 2021 and rank 2863 in the coinmarketcap today. The coin was named after Floki, Elon Musk’s pet dog. This single act caught the attention of Elon which made the coin to gain market value of $1 billion. Crypto analysts predict will be $0.0002475461 at the end of the year which will experience 120% increase.
EverGrow also known as EGC was launched three months ago but have already gained 120000 investors with marketcap of $500 million. It currently ranks 2968. The only limitations EverGrow is facing are no celebrity endorsement and no time Square billboards. Crypto analysts predict EverGrow to experience a growth of 10000%.
