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The entire crypto market has turned bullish and things are looking very bullish for 2022. Michael Wrubel, business development expert, founder of BelBoy and WrubelConsults, pointed to 3 coins. Top electronics that traders must own by 2022.
The first altcoin that Michael mentioned was Terra (LUNA). They’ve made some pretty big moves in the past few weeks.
Terra is a blockchain protocol that uses predetermined stablecoins to power price-stable global payment systems. According to its official report, Terra combines the price stability and widespread acceptance of fiat currencies with the censorship resistance of Bitcoin (BTC) and offers fast and affordable payments. affordable.
Their ecosystem has been and is booming. It has skyrocketed in rankings on Defi Llama, which tracks TVL across all these different layer 1 solutions, which means how much money is in that ecosystem. We can see that Terra’s ecosystem has seen a huge inflow of capital over the past few weeks. TVL has grown by 46% in the past seven days, which means it has surpassed many different projects and is now second only to ethereum in terms of TVL.
Therefore, LUNA is still a good investment being considered. That’s why Michael put it at the top of his list.
The second altcoin to keep an eye on is Cardano. Cardano is a proof-of-stake blockchain platform that says its goal is to enable “changers, innovators, and visionaries” to bring about positive change globally.
Cardano has seen a lot of movement lately and something important has happened recently in terms of technical indicators.
It crosses that dollar level and 40 cents per cent level. This level is a very positive sign for the market and it will be very important for ADA.
The last altcoin that Michael mentioned was Kadena. That’s because Kadena is one of the most underrated Layer 1 solutions and ecosystems.
Kadena is a public blockchain that aims to optimize scalability and features a new smart contract language, called Pact, equipped with formal verification and upgradeable smart contracts.
We can see it has increased significantly over the past few days, but what matters to Kadena is that it saw this massive rally happen at the start of the year.
it’s just at a two billion dollar market cap with many other tier 1 ecosystems being over 20 billion dollars, so just look at this compare it to other tier 1.
“You would say okay, it has at least 10 times the potential, I think that is very possible,” Michael said proudly.
Kadena has the lowest transaction fees in terms of transaction fees, so it has all the right ingredients. The only thing missing right now is the many NFTs, marketplaces and projects being built on top of it. We will see more people move to Kadena for that one of many reasons. That’s why Michael put it on this list.
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