- Joined
- Jul 18, 2017
These are my top 5 picks for 2022, so take that for what you will.
1. Ethereum: Ethereum is about to do the London Hard Fork on August 2nd which will begin the process of transition to Ethereum 2 and a proof of Stake network consensus. While alot of its challengers already offer this, ETH is the platform seeing the most DeFi project deployment such as Compound that allows people to loan crypto. There is also the proliferation of NFTs increasing network utilization for purchases. The new Upgrades are also intended to add a deflationary aspect to the ETH token meaning any ETH Tokens bought now will be naturally worth more independent of all the other factors supporting it.
2. Anchor: ANKR exists to be a cross chain method of staking any type of crypto apart from the usual requirements to Stake like ETHs 32 token requirement. It basically acts as an insurance mechanism and deployment chain for a staking pool similar to what Coinbase is now offering for various Proof of Stake Cryptos. With so many crypto currencies moving to Proof of Stake this one has big potential next year. It's cheap right now because Proof of Stake work is miniscule. That will change very soon.
3. Cello Gold. CGLD has lined itself up a big daddy supporter in the form of Deutsche Telecom. For a mobile phone based blockchain this is huge. CGLD is meant to be a stable coin to power the Cello platform which intends to be the Venmo for Cryptos. As more institutional interest in crypto comes in, being first in and best dressed for mobile payments puts these guys in a very strong position.
4. Polygon. As online vendors like Amazon look to add crypto as a payment method the importance of side chain projects will increase. MATIC is a leader on side chains, existing to facilitate contracts on the Ethereum Network without running into the pesky problem of price fluctuation between initial sale and the transaction being approved. This one is Coinbases chosen side chain and they have started using it for their app wallet.
5. Bitcoin: I've been a big hater of BTC for awhile and I still don't like its long term prospects. For the immediate future though 100k per BTC is very much in the cards simply due to word of mouth and its existence as a deflationary store of value. Something major funds and individual investors like to have on a balance sheet to hedge their risks to things like dollar inflation. BTC has had a rough year due to the China crackdown, but this has only meant many BTC miners have begun to relocate to America and other friendlier countries. As the hashrate recovers BTC is going to break away.
Discuss my musings I suppose.
1. Ethereum: Ethereum is about to do the London Hard Fork on August 2nd which will begin the process of transition to Ethereum 2 and a proof of Stake network consensus. While alot of its challengers already offer this, ETH is the platform seeing the most DeFi project deployment such as Compound that allows people to loan crypto. There is also the proliferation of NFTs increasing network utilization for purchases. The new Upgrades are also intended to add a deflationary aspect to the ETH token meaning any ETH Tokens bought now will be naturally worth more independent of all the other factors supporting it.
2. Anchor: ANKR exists to be a cross chain method of staking any type of crypto apart from the usual requirements to Stake like ETHs 32 token requirement. It basically acts as an insurance mechanism and deployment chain for a staking pool similar to what Coinbase is now offering for various Proof of Stake Cryptos. With so many crypto currencies moving to Proof of Stake this one has big potential next year. It's cheap right now because Proof of Stake work is miniscule. That will change very soon.
3. Cello Gold. CGLD has lined itself up a big daddy supporter in the form of Deutsche Telecom. For a mobile phone based blockchain this is huge. CGLD is meant to be a stable coin to power the Cello platform which intends to be the Venmo for Cryptos. As more institutional interest in crypto comes in, being first in and best dressed for mobile payments puts these guys in a very strong position.
4. Polygon. As online vendors like Amazon look to add crypto as a payment method the importance of side chain projects will increase. MATIC is a leader on side chains, existing to facilitate contracts on the Ethereum Network without running into the pesky problem of price fluctuation between initial sale and the transaction being approved. This one is Coinbases chosen side chain and they have started using it for their app wallet.
5. Bitcoin: I've been a big hater of BTC for awhile and I still don't like its long term prospects. For the immediate future though 100k per BTC is very much in the cards simply due to word of mouth and its existence as a deflationary store of value. Something major funds and individual investors like to have on a balance sheet to hedge their risks to things like dollar inflation. BTC has had a rough year due to the China crackdown, but this has only meant many BTC miners have begun to relocate to America and other friendlier countries. As the hashrate recovers BTC is going to break away.
Discuss my musings I suppose.
