10 Cryptos That Failed To Make A Breakthrough In 2022


Price volatility is an important part of cryptos that causes huge losses to investors

Over the past couple of years, the crypto market has proven to be one of the best performing asset classes to invest in today. Moreover, the emergence of the Covid-19 pandemic has also encouraged investors to adopt digital currencies at a much faster rate than previously expected. The year 2021 has brought astronomical gains, as well as other defining moments that have proven themselves to aspiring and emerging investors. But the crypto market is not just about profits and revenue. The main characteristic that defines a crypto market is its volatility. Major cryptocurrency investors like Bitcoin and Ethereum have suffered terrible losses due to the volatility of cryptocurrencies. In this article, we have listed 10 cryptos who have yet to make a breakthrough in 2022.

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Loop

Loopring is an Ethereum-based cryptocurrency which is an open protocol designed for building decentralized crypto exchanges. the crypto has been facing a drop in value over the past few weeks. The purported goal of Loopring is to combine centralized order matching with decentralized order settlement on the blockchain into a hybrid product that will take on the best aspects of both centralized and decentralized exchanges.

Internet blockchain

Internet Blockchain is the world’s first blockchain that runs at web speed with unlimited capacity. It represents the third major blockchain innovation, alongside Bitcoin and Ethereum. Thanks to this, cryptography enables the complete reimagining of software, providing a revolutionary way to create tokenized Internet services. But despite its major strengths, the crypto faces a decline in value from 2021.

Zilliqa

Zilliqa is a permissionless public blockchain designed to deliver high speed all the way through performing thousands of transactions per second. It seeks to solve the problem of blockchain scalability and the speed of using sharding as a second-layer scaling solution. Even though the crypto is home to several decentralized applications, it has taken a deep dive due to investor preferences and market conditions.

Dogecoin

Dogecoin, the largest memecoin on the internet, fell below the levels it was trading before Elon Musk’s tweet where he announced Tesla would be accepting payments for Tesla merchandise in DOGE. Dogecoin has already received great support from Elon Musk as well as his growing community.

Chain link

Chainlink is a block chain abstraction layer that enables universally connected smart contracts. Through its decentralized oracle network, Chainlink allows blockchains to securely interact with external data streams, events, and payment methods. Even though LINK is one of the most popular cryptocurrencies, in the past couple of weeks it has dipped and failed to break its highs in January 2022.

Quantity

Quant was developed in 2018 with the goal of connecting blockchains and networks globally, without reducing network efficiency and interoperability. It is one of the first cryptocurrencies that focuses on solving the interoperability problem by creating the first blockchain operating system. However, the price of Quant was 570% higher over a year ago, and since then the crypto has failed to break its previous highs, but still remains a potential player like all other cryptos.

spring roll

Nem is an ecosystem of platforms that use block chain and cryptography to provide solutions for businesses and individuals. Crypto works very similarly to Bitcoin. These nodes are designed to contribute their time and computing resources and remain incorruptible through the rewards of transaction fees.

revain

Revain is an online platform for Ethereum-based token reviews, designed to allow developers to receive constructive feedback on their projects. The ultimate goal of crypto is to create a legitimate and genuine feedback structure for all global products and services.

Celsius

Celcius is an all-in-one banking and financial services platform for crypto investors. It offers rewards by depositing cryptocurrency, as well as wallet-like lending and payment services. Platform users receive regular payments and interest on their holdings.

EOS

EOS is a popular cryptocurrency in the market which allows developers to create decentralized applications. Mainly known for its affordability, EOS has yet to show its full potential in 2022.

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