Cryptocurrency is one of the most profitable and trending investments worldwide. It is now a widespread digital asset that has evolved from an obscure digital asset to a more diverse and widely used digital asset.
More and more crypto tokens and projects are released almost on a daily basis. Some of them are very useful or appear so while others are yet to be seen. Some of them also show positive signs of reaching an all-time high price and may make for a good investment.
One of the most prominent examples of a cryptocurrency that has experienced tremendous growth and reached an all-time high price is Bitcoin. Bitcoin’s value had more than doubled by 2021 and soared to an all-time high of $USD64,000. It rose to $USD68,000 in November 2021 despite a decline in mid-year.
However, bitcoin continues to grow and one crypto expert predicts that Bitcoin will surpass $100,000. This is a description of how cryptocurrency can rise faster when there is a positive trend in its price.
This article will look into the fastest-growing not-so-popular cryptocurrencies of 2022:
SafeMoon:
For a crypto token that only launched in March of 2021, SafeMoon is a household name with a huge community backing. A Decentralized Finance token which combines Reflect Finance, RFI Tokennomics and an auto-liquidity generating protocol.
Safemoon, a BEP20 token that was created on the Binance smart chain, experienced significant growth when its V2 (Version 2) was launched in late 2021. It was also awarded the “Best Crypto Community Award of the Year” on November 16, 2021. The launch of V2 has given investors more confidence that the crypto token will likely do well this 2022.
This article form SafeMoon CEO John Karony explains what the company has been able to achieve in months and future roadmap. According to coinmarketcap, SafeMoon is trading at $0.002139 with $1.7 million trading volume over the past 24 hours. This is one of the cryptocurrencies to watch and follow this 2022.
Dogecoin:
Dogecoin was created by Jackson Palmer and Billy Markus on December 6, 2013. This cryptocurrency was created as a joke currency, based on an internet meme that featured a Shiba Inu symbol. It was based on the litecoin format and used the same technology.
Dogecoin creators, unlike other cryptocurrency, organize a presale and public sales before the token launch and a total supply of 100 million coins was made immediately available for everyone to mine.
Dogecoin gained significant attention in crypto markets after it was used as a meme by Elon Musk, and some other celebrities. It is listed and can be purchased in top crypto exchanges like Binance, FTX, Huobi Global and Bybit and has continued to increase in value.
In its first four years on the market, the price rose from $0.0002 up to $0.0003, and then to $0.0004 later. Dogecoin has reached an all time high of $0.6848 in May 2021 but current price is at $0.1365 with a 24-hour trading volume of $1,468,072,643 USD as of January 2022. Doge is still standing strong and is projected to continue to do well in 2022.
EverGrow Coin (EGC):
Ever Grow Coin (EGC), which was launched just four months ago, has already paid its holders nearly $33 million in passive income – it is hard to argue that this is real value.
EGC, a deflationary token, was launched in September 2021. It distributes 8% of every transaction in Binance pegged USD and is sent automatically to holders’ wallets. EGC has seen record-breaking growth since its launch with more than 130,000 holders within 3 months.
The token utilities Include NFT Marketplace, NFT Lending, Staking pools & Play-to-Earn Game. Beyond that, they will be releasing the world’s first Crypto friendly social media and content creation platform.
With the token set to move into the metaverse this year, creators have got big plans to delve into a virtual world for shopping, socialising, and hanging out with celebrities. It is certain that the EGC crypto will be one of the most popular and biggest in the market for 2022. Keep your eyes peeled for this one.
There you have it! Three cryptocurrencies that may not be taken serious but they have shown they can compete with the big boys. This year 2022 may be even bigger for them but only time will tell. Do your own research to see if they are worth your time, effort and money.
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice, and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
