10 cryptocurrencies to “Bear” in 2022

As the pioneer in digital currencies, Bitcoin has outperformed most investors’ expectations. But, it has also held the door for other cryptocurrencies. Some of these cryptocurrencies are worth watching, while others are worth investing in. Here’s a list of cryptocurrencies likely to bear in 2022.

Cryptocurrencies to Bear in 2022

1. Ethereum (ETH):

Ethereum is a decentralized platform that offers financial products to anyone. It doesn’t segregate, regardless of nationality, ethnicity, or faith. Its projects run on Ether, a platform-specific token. Ether represents the Ethereum platform. Its use is widespread among developers to create and run applications within Ethereum. Investors also use Ether to buy other digital currencies.

Also Read: Top Cryptocurrencies to Invest in 2022

2. Litecoin (LTC):

Litecoin is a decentralized open-source payment network. It uses the script as its proof-of-work algorithm. Consumer-grade CPUs can decode its PoW algorithm. Thereafter, in comparison to Bitcoin, Litecoin has a faster block generation rate. It also offers quicker transaction confirmation times.

3. Cardano (ADA):

Cardano aims to revolutionize the global financial system by launching Ethereum-like DeFi products. It also, provides solutions for chain interoperability, voter fraud, legal contract tracing, and more. Moreover, with a market capitalization of $26.9 billion, Cardano is the eighth-largest cryptocurrency. As of March 14, 2022, one ADA trades for around $0.80.

Also Read: Top 5 Cryptocurrency Exchange Development Company

4. Polkadot (DOT):

Polkadot (DOT) is a unique PoS-based cryptocurrency. It aims to provide interoperability between different blockchains. Its protocol connects both permissioned and permissionless blockchains. DOT also connects oracles, to work together. The core component of the Polkadot is its relay chain. Therefore, this enables the interoperability of various networks. DOT also supports parachains. These are parallel blockchains with their own tokens for specific use cases.

5. Bitcoin Cash (BTC):

In the crypto world, a fork occurs due to disagreements between developers and miners. Digital currencies feature decentralization. Hence, changes to the underlying code are only possible through consensus. The process for achieving this varies depending on the specific cryptocurrency.

6. Dogecoin (DOGE):

Dogecoin arrived in 2013. It was the brainchild of 2  software engineers: Billy Markus and Jackson Palmer. Therefore, they created DOGE as a joke about the wild speculation in the cryptocurrency market. The price of DOGE reached an all-time high of approximately 0.74 cents. This was when Elon Musk promoted it during the week he appeared on Saturday Night Live.

7. Tether (USDT):

Tether, launched in 2014, is a blockchain-enabled platform. It aims to ease the digital use of fiat currencies. USDT allows individuals to use a blockchain network to transact in sovereign currencies. Meanwhile, it minimizes the volatility and complexity often associated with digital currencies.

8. Ethereum Classic (ETC):

Ethereum Classic is an open-source, blockchain-powered platform with smart contract functionality. It supports a modified version of Bitcoin’s consensus mechanism. Moreover, the mechanism works through transaction-based state transitions. It gets processed on a public Ethereum Virtual Machine (EVM).

9. Bitcoin SV (BSV):

Bitcoin SV is the fastest verified public ledger.  It is capable of supporting over 50,000 transactions per second. therefore, it allows each transaction to become a smart contract, a secure token, or an NFT.

10. Monero (XMR):

Monero (XMR) is a secure, private, and untraceable cryptocurrency launched in April 2014. This open-source currency gained quick popularity among the crypto community. Monero is donation-based and driven by its community.

PayBitoPro

PayBitoPro is an international digital asset exchange. It offers crypto exchange solutions to institutional exchanges and fintech startups. Moreover, its features include SegWit, 3 Point Architecture, 2FA, and ERC20 compliance. It also comprises BIP32, Firebase, DB encryption, multi-signature wallets, KYC, AML, and more. PayBitoPro is available on many devices. It also lists 41 popular crypto tokens and fiat currencies.

Wrapping up

Investors need to note of crypto growth and prepare their portfolios for the future. Despite regulations, cryptocurrencies are on the rise. Their acceptance benefits the global economy. It is a high-impact investment. Hence, it’s worth keeping an eye on this quick-evolving market.