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Which Cryptocurrency Will Make a Huge Comeback in 2022?

Which Cryptocurrency Will Make a Huge Comeback in 2022?

Regulation of Cryptocurrency

Expect further discussions on cryptocurrency regulation. The regulation of stable coins has piqued the curiosity of US policymakers.

Lawmakers in Washington, D.C., and around the world are debating how to create regulations and norms that would make cryptocurrencies safer for investors and less enticing to hackers.

“Regulation is certainly one of the largest overhangs in the crypto market globally,” says Jeffrey Wang, America’s head of Amber Group, a crypto finance firm based in Canada. “We would appreciate unambiguous regulation.”

Federal Reserve Chair Jerome Powell recently stated that he has “no intention” of outlawing cryptocurrency in the United States, while Securities and Exchange Commission Chairman Gary Gensler has consistently stated his agency’s and the Commodity Futures Trading Commission’s roles in policing the industry.

Which Cryptocurrency Will Make a Huge Comeback in 2022?

Gensler recently stated that investors are “certain to be harmed” if stronger regulation is not implemented. Furthermore, the IRS has a clear interest in ensuring that investors understand how to report virtual money when filing their taxes. The statements of Gensler and Powell are consistent with a growing consensus among the Biden administration and other U.S. legislators that stronger bitcoin regulation is required.

Regulation, like most aspects of cryptocurrencies, is fraught with difficulties. “There are various agencies that may or may not have the authority to oversee anything,” Wang explains. “And it varies from state to state.”

Clear legislation would remove a “major obstacle for bitcoin,” according to Wang because U.S. enterprises and investors are now operating without clear restrictions.

1. Luckyblock – Best Overall Cryptocurrency to Purchase in 2022

We discovered that Luckyblock is the best cryptocurrency to buy in 2022. In a word, the goal of this digital asset project is to change the global lottery sector.

The protocol accomplishes this by using blockchain technology to decentralize the lottery process. The key idea here is that everyone may play lottery games from the comfort of their own homes without going via a centralized operator.

All gaming functions are governed and carried out by smart contracts to ensure that Luckyblock provides its participants with honesty and legality. This ensures that every lottery game is true and fair, with no way for internal or external actors to tamper with the outcome.

Those who are interested in Luckyblock can invest in it by acquiring its digital token, which is currently in the pre-launch phase.

2. Shiba Inu – One of the Year’s Best-Performing Cryptocurrencies

The success of Dogecoin encouraged the creation of a slew of other meme currencies’ in an attempt to cash in on the trend, with Shiba Inu being one of the most profitable for investors. The SHIB price increased by a whopping 1055 percent in October 2021, yet the coin’s value has subsequently plunged dramatically. However, with the launch of ShibSwap, Shiba Inu’s decentralized exchange (DEX), the coin now has a practical use case.

Read More:- Is EOS a Better Cryptocurrency Than Ethereum? Will the Price of EOS Rise in 2022?

3. Decentraland (MANA) — A Low-Cost Cryptocurrency to Invest in for Metaverse Exposure

Which Cryptocurrency Will Make a Huge Comeback in 2022?

Numerous market observers believe that Decentraland is the most promising cryptocurrency to invest in 2022 if you want to gain access to the metaverse. In Decentraland, users may create avatars and purchase land in a virtual world powered by blockchain technology.

4. Pancakeswap Is a Huge Decentralized Exchange Platform That Is Growing Quickly

The next cryptocurrency to think about buying in 2022 is called PancakeSwap. People can trade pancakes with each other on PancakeSwap, a decentralized exchange that began in late 2020. The exchange lets people buy and sell digital tokens without having to go through a third party first.
It’s also usually the first place new cryptocurrencies that are built on top of the Binance Smart Chain go when they’re launched. It’s very important, though, that PancakeSwap already has millions of traders and billions of dollars worth of locked cash.

We also like that PancakeSwap has since expanded into new markets, like cryptocurrency staking and farming, which we think is a good thing. A cryptocurrency called CAKE was worth just $1.10 in September 2020.

Read More:- Dogecoins Or Bitcoins: Which One Is Better and Why?

5. Ethereum

One of the best-known things about Ethereum is its cryptocurrency, called ether or ETH or simply “Ethereum.” This is because it is built on blockchain technology. The distributed nature of blockchain technology makes the Ethereum platform safe, and that makes ETH valuable.

The Ethereum platform can use ether, as well as a network of decentralized apps, or dApps, to run. Smart contracts, which were created on the Ethereum platform, are an important part of how the platform works. Many DeFi and other applications use smart contracts and blockchain technology together.

Which Cryptocurrency Will Make a Huge Comeback in 2022?

The Ethereum Hype Is Valid

Ethereum’s proposal to transition from PoW to PoS is excellent news for businesses that rely on the network to save money and energy. From a monetary standpoint, cryptocurrencies are becoming increasingly viable for ordinary purchases, and the shift contributes to this.

Ethereum, in my opinion, is more stable in the long run since it provides more utility than Bitcoin. If it lives up to its promise, ETH will be extremely difficult to beat. It’s difficult to argue against the advantages of being first.

BTC is currently widely used by corporations as well as individuals. Another coin that has lately gained popularity is DeFi, which is based on Ethereum’s blockchain.

Ethereum has recently been on a tear and appears to be a solid crypto investment in the current weak market. There are numerous reasons to support the token, including its popularity, favorable price movement, and other factors.

Faizan Farooque does not have any positions (direct or indirect) in the securities mentioned in this article as of the publication date. The author’s views are stated in this article, which is subject to the InvestorPlace.com Publishing Guidelines.

Faizan Farooque writes for InvestorPlace.com and a number of other financial websites. Faizan has several years of stock market analysis expertise and was previously a data journalist at S&P Global Market Intelligence. His research can be seen on InvestorPlace and TipRanks.

Read More:- Comparison Between Wax and Digibyte? Is Buying a Wax Token a Wise Investment?

Expanded Use of Cryptocurrency in the Financial Sector

In 2021, mainstream companies from a variety of industries expressed interest in — and, in some cases, invested in — cryptocurrencies and blockchain. AMC, for example, just announced that by the end of this year, it will be able to take Bitcoin payments. PayPal and Square are also banking on cryptocurrency by allowing consumers to buy it on their platforms. Tesla continues to waver on accepting Bitcoin payments, despite the fact that the corporation has billions of dollars in crypto assets. Experts believe that this level of buy-in will continue to rise.

“We’ve seen a huge amount of inflow of attention, and that’s going to continue to drive the expansion of the sector for a while now,” adds Abner.

Some experts believe that larger, worldwide organizations will accelerate adoption even more in the second half of this year. “What we’re looking at is institutions getting involved in crypto, whether it’s Amazon or the large banks,” adds Weiss. A major shop, such as Amazon, might “start a chain reaction of others embracing it” and “provide a lot of legitimacy.”

Indeed, Amazon recently fueled concerns that it is making strides in this direction by posting a job listing for a “digital currency and blockchain product lead.” Walmart is also looking for a cryptocurrency expert to supervise its blockchain strategy.

Read More:- Custodial Accounts Which Parents Can Provide Their Children: The Best Cryptocurrency in 2022?

The Future of Cryptocurrency

We can speculate on what value cryptocurrency may have for investors in the coming months and years (and many wills), but the reality is it’s still a new and speculative investment, without much history on which to base predictions. No matter what a given expert thinks or says, no one really knows. That’s why it’s important to only invest what you’re prepared to lose and stick to more conventional investments for long-term wealth building.

“If you were to wake one morning to find that crypto has been banned by the developed nations and it became worthless, would you be OK?” Frederick Stansfield, a CFP with Lifewater Wealth Management in Atlanta, Georgia, told NextAdvisor recently.

Keep your investments small, and never put crypto investments above any other financial goals like saving for retirement and paying off high-interest debt.

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