- Which crypto has its blockchain?
- Is blockchain part of crypto?
- Do all cryptos use blockchain?
Almost everyone has heard of the blockchain technology that underpins crypto exchanges these days. Blockchain is being used in various areas worldwide, from supply chains to healthcare to logistics to legal to crypto blockchains.
These changes have had a major impact on the profitability of online payment processing. This industry makes extensive use of blockchain technology. Blockchain apps for crypto may help you keep an eye out for high-return opportunities.
Crypto blockchains have become popular. So, we’ve compiled a list of some of the best-known names in this guide.
Best blockchain crypto projects to watch right now
Let’s look at the top five crypto blockchain coins to invest in 2022.
Cardano (ADA)
Charles Hoskinson founded Cardano (ADA) in 2015, a public blockchain platform. Investors searching for a good return are familiar with it. Proof of stake is used to reach consensus on the platform, which is open-source and decentralized. Cardano is the first blockchain platform based on peer-reviewed scientific research. According to this crypto network, 290 transactions are processed per second.
Why does it have the potential to grow?
Cardano has had a difficult start to 2022. Although Cardano has a lot of potentials, its value may not be as high as other cryptos. This is due to the tremendous weakness of the market as a whole.
With Cardano, the emphasis is on long-term stability rather than quick gains. That’s not to suggest that bitcoin hasn’t been the focus of frenzy in the past. During the bull markets between the end of 2017 and 2021, huge price increases occurred, enabling investors to profit handsomely.
On the other side, Cardano stood out because it was consistently in the top ten most valuable cryptos, or very close to it, even during down markets. This demonstrates the long-term sustainability of the Cardano network because of the long-term stability of the coin.
How much would you earn if you invested in ADA 1 year ago?
ADA coin price on 30 May 2021 was $1.5772. A year later, the coin price closed at $0.519. If you had invested $1,000 last year, your account could have lost $670.9.
Solana (SOL)
Because it is a high-performance blockchain platform, anybody may use it to build cryptocurrency apps. Solana is one such platform. Solana’s distributed ledger technology is in widespread usage across the globe. It is fast, uncensored, and secure. Currently, it’s one of the fastest-growing platforms. The platform was launched in 2017.
The transaction time is quite short. Solana has become one of the most valuable blockchain assets because of its quick rise in value and attraction to investors. Working with BTC to gain widespread exposure and appeal is also part of SOL’s strategy. Solana has announced that it will be listed on Coinbase Pro, one of the world’s most popular crypto exchanges, in June 2020. Many other crypto trading sites have opened up shop in response to SOL’s announcement.
Why does it have the potential to grow?
Although Ether introduced smart contracts to the virtual world, its failure has encouraged users to look for alternatives. Fortunately, Solana is always ready to provide a helping hand. Additionally, SOL is making a name for itself in the NFT market. Using Solana’s NFTs, buyers may expect faster transaction times and lower costs.
How much would you earn if you invested in SOL 1 year ago?
SOL coin price on 30 May 2021 was $28.60. A year later, the coin price closed at $46.54. If you had invested $1,000 last year, your account could have gained $627.27.
Binance Coin (BNB)
Developed by Binance, the Binance Smart Chain is a new kind of cryptocurrency. Binance, a cryptocurrency trading platform launched in 2017, is relatively new. It is presently the world’s most popular cryptocurrency exchange in terms of the trading volume. The native coin of the blockchain is Binance Coin (BNB).
There are several ways to utilize cryptos, and trading them is one. Due to low transaction rates and the vast number of apps published on the platform, BNB will have a big community by 2021. The chain may be used to issue, consume, and trade digital assets.
Why does it have the potential to grow?
The inclusion of BNB in Binance’s decentralized exchange has a positive impact. Providing cross-chain interoperability is the primary purpose of BSC, which aims to let BNB users maximize their experience. It is also possible to define and execute smart contracts using the Ethereum Virtual Machine (EVM).
Binance uses a fifth of its profits to purchase back and burn BNB coins in the treasury. It has been a short period since BNB has been used in various ways. For example, a BNB coin may be used as a payment method for various services, including transaction fees, internet and banking services, entertainment, and travel bookings.
How much would you earn if you invested in BNB 1 year ago?
BNB coin price on 30 May 2021 was $325.78. A year later, the coin price closed at $316.13. If you had invested $1,000 last year, your account could have lost $29.62.
Ethereum (ETH)
Any crypto fan or investor would have heard of Ethereum, the second most popular cryptocurrency and the second-largest market capitalization. In 2015, it was released as an open-source, decentralized blockchain for the creation of D-apps. With the help of Ethereum’s blockchain, hundreds of businesses have been established throughout the globe.
Why does it have the potential to grow?
The ever-expanding list of possible uses for Ethereum is one of its most enticing aspects. As long as the Ethereum team maintains building the blockchain and delivering new groundbreaking features, the currency will continue to grow and prosper.
How much would you earn if you invested in ETH 1 year ago?
ETH coin price on 30 May 2021 was $2390.31. A year later, the coin price closed at $1903.96. If you had invested $1,000 last year, your account could have lost $203.46.
Avalanche (AVAX)
The Avalanche blockchain’s mainnet was deployed in 2020. This platform gives you flexibility and freedom to build decentralized businesses and applications. It’s a well-known brand because of its quickness and low transaction fees. Recently, the crypto community has taken notice of Avalanche, often known as AVAX.
Why does it have the potential to grow?
With the groundbreaking Avalanche Consensus protocols, Avalanche creates a safe, globally distributed, interoperable, and trustless architecture. It allows for unparalleled decentralization while adhering to legal constraints. To put it another way, it’s an interoperable, diverse, and distributed network of several blockchains.
How much would you earn if you invested in AVAX 1 year ago?
AVAX coin price on 30 May 2021 was $16.53. A year later, the coin price closed at $27.32. If you had invested $1,000 last year, your account could have gained $652.752.
Final thoughts
There’s a lot to see and a boundless potential in the world of crypto blockchains. They’re well-known among crypto investors and enthusiasts for their wide choice of speed options and low or no transaction fees. Keep an eye out for news on these major platforms if you’re interested in what the world of blockchain has to offer.