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Investors should be looking for gains in places other than Bitcoin during this time of market uncertainty.
Key points
- A digital currency war has arisen between Russia and the West, which has led to market turbulence.
- Coins that offer complete anonymity and completely decentralized payment options stand to gain.
- XRP, Polkadot, and ZCash are all in a good place to leapfrog Bitcoin.
The cryptocurrency market has been on a wild ride over the last month. Popular assets like Bitcoin and Ethereum have each ushered the market lower, losing 10% and 11% of their value, respectively. Meanwhile, the war in Ukraine is continuing to create turbulence in the market as cryptocurrency exchanges resist calls to block Russian transactions, spurring a virtual digital currency war with the West.
While investors continue to seek out gains in the market, a few new trends are developing. Crypto users have always considered security a primary concern, but those concerns have increased as political forces attempt to stifle digital transactions. Creators and developers are also vying for more control over their products and looking to cut down on fraudulent transactions.
Those are just some of the reasons why these three cryptos are set to crush Bitcoin in 2022.
XRP
XRP is the native coin for the Ripple Blockchain digital alternative to the Society for Worldwide Interbank Financial Telecommunications (SWIFT) system, which is used to process international transactions. What makes XRP a more viable payment option than Bitcoin is that its Ledger Consensus Protocol takes mere seconds to complete a transaction compared to the 10 minute average block time for Bitcoin transactions.
XRP is also one of…
