Did you know that there are 7,375 active cryptos today? These range from cryptocurrencies like Bitcoin, which was the first cryptocurrency and is today the largest by market capitalization, to NFTs and the Metaverse, and everything else in between.
But it’s impossible to track so many different cryptos, so you need to focus on a few. Once you understand the future of money and know what steps you need to follow, you can then make your own choice of good cryptos to follow.
Here is my own list of cryptos that I will be following closely in 2022:
1.Bitcoin
Bitcoin (price in India) is the big mom of the crypto universe. And it had a great year: massive price increases, launch of an Exchange Traded Fund (ETF) in the United States, and recognition as legal tender in one country (El Salvador). I think 2022 will be another great year for Bitcoin.
2. Blockchains
I’m a blockchain architect so it makes sense for me to track the cryptos of the blockchains I use the most. These are:
- Binance (BNB)
- Cardano (ADA)
- Ether (ETH)
- Polka dot (DOT)
- Polygon (MATIC)
- Solana (SOL)
Then there are 2 blockchains that I don’t currently use but should be part of my portfolio – Algorand (ALGO) and Terra (LUNA).
3. NFT and Metaverse cryptos
Facebook’s recent name change has many people intrigued. Well, to put it simply, the Metaverse is a parallel digital universe where you can create your digital avatar and do all sorts of cool things: learn, play, party and much more.
The best example would be the film Avatar: do you remember how the hero goes from the human version to the big blue version? In fact, the best way to understand the metaverse is to watch these films: Avatar, Inception, Iron Man, Matrix, Minority Report, Ready Player One and Wreck-it Ralph.
I’m a big fan of the metaverse. I remember using Second Life in the early 2000s. Yes, the metaverse is not a new concept. This has been around since the 1970s!
I’m also a big fan of NFTs (Non-Fungible Tokens) and besides, I work on the Human Talent NFT project.
As I am very bullish on NFTs and the Metaverse, I will closely follow these cryptos:
- Axie Infinity (AXS)
- Chiliz (CHZ)
- Enjin Coin (ENJ)
- Flow (FLOW)
- Decentralized country (MANA)
- The sandbox (SAND)
- Theta (THETA)
- Tezos (XTZ)
4. Web 3.0 cryptocurrencies
Web 1.0 was the first stage of the Internet where there were a few content creators and a large number of consumers. And the content was mostly static.
Web 2.0 is the current version of the Internet where there is a huge amount of user-generated content: blogs, social networks and much more. The biggest problem with Web 2.0 is that a few large organizations control/own most of the data.
Web 3.0 is the next version of the Internet that will focus on the decentralization of data. Technologies such as artificial intelligence and blockchain are expected to power Web 3.0.
My favorite Web 3.0 cryptos are:
- Arweave (AR)
- Audius (AUDIO)
- Bittorent (BTT)
- Filecoin (FIL)
- Helium (HNT)
- Livepeer (LPT)
- Siacoin (SC)
- Batteries (STX)
- The chart (GRT)
5. Others
In the world of blockchain, there is a major problem: transferring data from the outside world to a smart contract. This is the problem that Oracles solve. They act as middleware between smart contracts and external data sources. This is why I will follow Chainlink (LINK), the most popular oracle.
People take their privacy very seriously. This is why I will follow Monero (XMR), the most popular privacy coin.
Which cryptos will you follow in 2022?
Rohas Nagpal is the author of the Future Money Playbook and the chief blockchain architect of the Wrapped Asset Project. He is also an amateur boxer and retired hacker. You can follow him on LinkedIn.
Interested in cryptocurrency? We discuss all things crypto with Nischal Shetty, CEO of WazirX, and Alok Jain, founder of WeekendInvesting, on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and everywhere you get your podcasts.
Cryptocurrency is an unregulated digital currency that is not legal tender and is subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, business advice or any other advice or recommendation of any kind offered or endorsed by NDTV. NDTV will not be liable for any loss resulting from an investment based on any recommendation, forecast or other perceived information contained in the article.
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