Nasdaq Reveals the 2 Interesting Cryptocurrencies to Grab in 2022
Cryptocurrencies are becoming more popular day by day where many people are very eager to invest their savings into digital assets. And as a record, the crypto market made remarkable history’s in the past year with many achievements. Thus, the market cap of the crypto market hit more than $3 trillion in 2021.
Following the success in the new year ahead, crypto investments are rising through its unique services to the real world. In this trending aspect, Nasdaq revealed the 2 cryptocurrencies to buy in the heartbeat in 2022. Let’s explore some interesting facts about those assets to excite the users.
1. Ethereum (ETH)
The world’s second largest cryptocurrency is popularly known as Ethereum (ETH). To add more interest, its blockchain service clubs more than 2,900 dApps covering finance, gaming, fashion and technology sectors. More so, it enables the users to own and experience safe, secured, error free applications in real time.
Even though the transaction speed and the cost is a flaw to the network, Ethereum is planning to bring in developments to fix these issues. Furthermore, the Ethereum platform is transferring to the proof-of-stake validation method soon. Thus, with this upgrade, Ethereum can process as many as 100K transactions per second. Hence, ETH network will mark a record for processing high volumes of TPS.
According to CoinMarketCap, Ethereum is already a favorite currency among the investors community and now it is standing at $3,803.49. And, with even more innovative upgrades in the network, Ethereum will spike high and might hit a new ATH in 2022.
2. Avalanche (AVAX)
Avalanche is also similar to Ethereum which serves as the fastest smart contracts platform in the blockchain industry. It also runs many dApps in its network as Avalanche works fast, at low cost and as a eco-friendly platform. However, launched in 2020 Avalanche operates about 4000 dApps so far, which is a great milestone for the network in a very short span.
Moreover, the secret behind Avalanche network to hold a strong user base is its speedy transactions. As per the record, it boosts 4500 transactions per second completing it in less than 2 seconds. The shocking part of this great advantage of Avalanche is, the TPS rate is compared to six minutes for Ethereum.
In addition, the working model of Avalanche is also unique and interesting as it connects three blockchains to work together. Where one blockchain is working to exchange tokens, the other is to host the dApps and the last chain is to communicate and coordinate the validators in the network.
The current market status of AVAX is $104.25 which is facing some down trend in the last 24 hours. But then, with its innovative and low cost services, Avalanche will soar high marking new milestones with its strategic metrics.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
