In the realm of cryptocurrencies, one question on everyone’s lips is: which coins are primed to explode? Crypto emerged into the mainstream in 2021, with tremendous growth across the board. Adoption rates have never been higher, rising by about 880 percent between July 2020 and June 2021, with over 300 million crypto users worldwide.
In 2021, almost all of the major cryptocurrencies recorded significant growth, including Bitcoin (BTC) and Ethereum (ETH). When it comes to 2022, competitors have virtually unheard-of opportunities to bridge the gap. According to experts, the market will increase in three primary areas:
- The Metaverse
- NFTs (Non-Fungible Tokens)
- DeFi (Decentralised Finance)
In October 2021, DeFi protocols hit an all-time high TVL (total value locked) of $236 billion, and PricewaterhouseCoopers economists predict that blockchain technology will improve global GDP by $1.76 trillion by 2030. DeFi protocols Polygon (MATIC) and Fantom (FTM) have proven to be extremely popular. Seesaw Protocol (SSW) is a DeFi token that will launch in Q1 2022 and aims to excel in this growing sector. Its 1000% explosion in price in little more than 3 weeks is a surefire sign that SSW is one to keep an eye on for 2022.
Polygon (MATIC)
Polygon is a layer-2 solution that allows Ethereum-compatible blockchain networks to be connected. The main problem with Ethereum in its current state is scalability; gas prices are famously high, and can sometimes exceed the value of the transaction. Users may avoid the hefty fees and often poor speeds by using Polygon and its native coin MATIC, while still using decentralised apps on the Ethereum network.
MATIC increased by more than 16000 per cent from the beginning of January to the end of December in 2021. Polygon aims to become one of the top 10 cryptocurrencies by 2022 (it is now ranked 15th), and will do so by embracing newer markets including the purchase and sale of NFTs. NFT transactions using MATIC are already…
