5 Cryptocurrencies to Buy Before the End of the Year

Cryptocurrencies have experienced a wild ride in the past two years as the pandemic accelerated the adoption of digital solutions for everything going from how people work to how data is stored.

As the so-called web 3.0 – which primarily relies on decentralized networks to function – gets closer to becoming a real thing, this two-year rally can be the beginning of a long-term uptrend for the whole ecosystem.

Here’s a selection of five cryptocurrencies that might be propelled in 2022 if the rate at which digital assets are embraced by investors keeps accelerating.

StakeMoon (SMOON)

Crypto staking has emerged as a highly lucrative activity resulting from the adoption of proof-of-stake (PoS) protocols by multiple blockchains.

StakeMoon seeks to become the go-to platform for those seeking to stake their assets and the project has thus far accomplished all of its milestones in its journey to achieve this goal.

Along with this appealing mission, StakeMoon has also introduced innovative tokenomics including a 15% tax on short-term trading and periodical token burns.

Here are some useful links with more information about this innovative project.

Website: https://stakecoins.com/
Telegram: https://t.me/StakeMoonOfficial
Twitter: https://twitter.com/stakecoins
Instagram: https://www.instagram.com/stakemoon/

Bitcoin (BTC)

With a market capitalization already exceeding the $1 trillion mark, it is hard to dispute that Bitcoin has become for many a digital store of value.

Despite its short-term price volatility, this token has delivered sizable gains to long-term holders and its recent decline after hitting multiple fresh all-time highs this month could be an opportunity to stack some sats before the rally resumes.

Ethereum (ETH)

Currently the home of over 3,000 decentralized apps, Ethereum’s smart contracts have allowed the crypto ecosystem to expand and grow.

Ethereum has many hurdles to overcome including network congestion and the resulting elevated gas fees. However, developers still feel comfortable with building their apps by using its virtual machine and that is a strong moat that other networks will find hard to overcome to take over its castle.

Binance Coin (BNB)

Binance’s native token, BNB, has grown to become the third largest crypto asset in the ecosystem by introducing a faster and cheaper blockchain and a layer-one network on top of which dApps can easily be developed. One feature that makes BNB attractive is the periodical token burns that the developing team has enforced as part of its tokenomics.

Thus far, 17th burns have occurred and every time that happens the available supply of BNB shrinks. These burns are expected to continue and that creates room for more supply-side driven upside in the future.

Decentraland (MANA)

Who has not heard about the metaverse at this point? It has been a major topic of discussion among tech experts and investors as multiple projects seek to propel the virtual world to a whole new level.

Decentraland is a decentralized version of a virtual realm where individuals can own parcels of virtual land through a non-fungible token called LAND.

These parcels can be exploited in many different ways as players go to Decentraland to experience multiple different environments designed by developers.

The market value of this industry is expected to be huge and that is one reason why the price of this crypto asset has risen over 4,000% so far in 2021.