There is a lot of pessimism in the crypto market at the moment as Bitcoin and other cryptocurrencies lost a lot in January 2022. Nevertheless, there is still hope that 2022 will still be a bullish year. This positivity comes at a time when India finally legalized cryptocurrencies despite previous bans. Which best crypto can bring you big profits in the months to come? Let’s find out.
#1 Best Crypto: Cardano ADA
Is Cardano still undervalued? The upcoming updates in the Cardano network suggest so. Because with the upcoming Basho update, the scalability of Cardano, in particular, should increase massively. This means that the blockchain could become even more of a basis for DeFi and NFTs in the future.
2 weeks ago we saw a sharp rise in the ADA rate as the concrete improvements were also released in the basho update. With the strong Bitcoin drop, the ADA price also fell again. However, the potential of Cardano is huge. The number of addresses in the network is also constantly increasing. This makes Cardano one of the best-undervalued cryptocurrencies for 2022.
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#2 Polygon MATIC
Although Polygon was one of the most successful cryptocurrencies in 2021, the former Matic network still seems to be undervalued. In recent market crashes, the MATIC token has fallen even more than most other cryptocurrencies, making the token particularly cheap at the moment.
The big advantage of Polygon is that it can network Ethereum-compatible blockchains. Furthermore, it applies particularly strongly in the area of security. Polygon also benefits from any profits in Ethereum. The strong network has long been considered undervalued and could still gain massively in bullish phases in 2022.
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#3 Algorand ALGO
Algorand will also continue to be one of the best-undervalued cryptocurrencies in 2022. The network is considered efficient and secure. Transactions can be processed on the Algorand network at up to 1,200 per second. But the developers are working to ensure that the transaction speed in the Algorand network continues to increase.
Algorand is one of the blockchains that rely on security and high scalability without sacrificing decentralization. In the last few weeks, the use cases of Algorand, especially in the DeFi area, have increased massively. The big breakthrough for Algorand could come in 2022.
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