What altcoins are you most bullish on for 2022?
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Interested to see what people think are the best bets for non-BTC/ETH buys in 2022. We've got some good stuff in the works for a lot of coins, let's take a brief look at a few.
ALGO - Governance is well under way, with the second period opening up for committing your ALGO today. The ecosystem has really taken off this year, and is a fan favorite of the sub. Pair it with Yieldly, and it's one of the better APY returns for passive income.
DOT - Parachain slot auctions going live is a huge deal for DOT. Although the higher % APY is mostly to cover the issuance, it still ends up being one of the better staking options to earn passive income.
ADA - It's gotten a hugely mixed reception recently, with everyone either loving or hating it. It's been frustrating to see it sit in the crab market for so long, but maybe 2022 will be a second wind? Either way, it's definitely a long haul gamble. Despite that, it's got some solid fundamentals.
MATIC - The zkRollups are a huge deal with this L2 Ethereum solution. Lots of bullish action near the end of this year, and doesn't appear to be slowing down in terms of adoption. Some great rewards via Yieldly from what I hear, but haven't tried it myself. If nothing else, it's certainly a fantastic platform to build on top of the Eth blockchain, and with the volume of transactions on Ethereum, MATIC has some great future potential.
LINK - Frequently met with resounding "meh". It performs its best at weird times in the market, and it's hard to even call it a lagging indicator. If anything, it certainly has some great fundamentals and use cases, and the partnerships this past year have been outstanding. Unfortunately that hasn't reflected in the price just yet, but a lot of us aren't giving up hope. It is solving a problem that hasn't fully manifested yet, but when it does.... time will tell.
BAT - It's hard to find haters for BAT, but even harder to find hardcore investors outside of their own sub. It tends to make up a smaller portion of its holders portfolios, but it's an easy argument to shoehorn its way into any investor's basket of coins and tokens. It has some outstanding use cases for tipping and being used as actual currency, and the Brave Browser has proven to be an outstanding product with lots of useful features. BAT has had several random pumps this past year, but when the supply shock hits, it could see some more volatile movement before it straightens out again.
VET - Lots of people were speaking highly of this token during the first half of 2021, but it has certainly fallen from glory. VET is a perfect example of use case not being everything when it comes to price. Despite having a very tangible real world use case, it hasn't been enough to propel it to new ATHs since earlier this year. Perhaps 2022 will see a turnaround, but it's hard to say right now, as many investors are dropping this investment according to recent posts on the sub.
ERG - Ergo took the sub by storm for a short few weeks in the third quarter of the year. For a week or so, it was all the sub talked about. Although it reached some really great ATHs, seeing huge returns for early investors, it has had trouble even reaching a half billion MC, and has been < 200M for a few weeks now. It has an undeniably robust network, but most investors claim it's still got a ways to go. After the lack of an ADA partnership announcement, and a misunderstanding with the ErgoDex announcement regarding the native token relationship, a lot of hype fell flat. However, given the low MC, it has more potential than other coins to see a strong rebound if the marketing kicks back into gear.
CKB - Another token that has seen some random blips on the radar of the sub, and has had some serious run ups a couple of times throughout the year. The DAO is already functioning, and (iirc) this is one of the projects that has the blessing of the Chinese government. For some, that's a blessing and for others it's a sign to stay away. The MC has remained notably higher, and did not see as sharp of a correction as many other coins and tokens in the cryptosphere saw this past month. Has some serious long term potential, but is missing a strong marketing team and major exchange listings.
What else are ya'll thinking about going into 2022? What sounds bullish and what are you waiting to buy the dip on? Projects you want to DCA into? Thanks for sharing, it'll be interesting to hear what your thoughts are for the coming year.
Merry Christmas if you celebrate, and happy holidays regardless!
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