Place/Date: - May 20th, 2022 at 10:00 am UTC · 3 min read
While cryptocurrency values have fallen so far this year, they appear to be on the rebound despite rising inflation and global financial concerns.
No one knows when the current bear market in cryptocurrencies will end, so investors should invest in assets that have the highest potential to lead the bull run this year.
The projects listed below have the potential to lead the bull market in 2022.
The Litecoin platform offers four times faster transaction speeds than Bitcoin. According to InvestorPlace, they are also a lot cheaper — 2.6 cents versus $4.38 for Bitcoin.
This project was also the first cryptocurrency to conduct a Lightning Network transaction in 2017. The test transaction was completed in less than a second.
Litecoin had its best year in recent history with its halving in 2019. That year, it soared 600 percent before collapsing to retest its bear market low.
Litecoin was launched in 2013 at a price of $4.30. It quickly plummeted to $1.50 and remained stable for the next few years. When cryptocurrency became popular in 2017, it proved to be competitive. It now sells for over $70 and has fared better than many of its competitors during the recent cryptocurrency sell-off.
Tron is a decentralized blockchain-based digital platform that uses TRX or Tronix as native tokens.
Tron serves two purposes. First, as a worldwide content sharing platform. Second, it enables developers to design self-contained programs that do not rely on third parties.
During the ICO, this platform was able to raise 70 million dollars. Since then, the platform has risen to the top 20 cryptocurrencies in terms of market capitalization.
According to Wallet Investor, the price of TRX will rise in the long run. Within the next 12 months, the cryptocurrency is anticipated to reach $0.114 USD. TRX’s price will hit 0.277 USD in April 2027, according to Wallet Investor.
Gnox is the world’s first reflection project to invest in DeFi yield-earning protocols for its holders using “treasury.”
The platform strives to make DeFi earning as simple and hassle-free as possible to encourage the protocol’s continual growth.
Its goal is to provide outstanding utility to its holders while avoiding any unnecessary measures. With Gnox, users can acquire, hold, profit, and delegate the legwork to the project team.
Gnox believes in rewarding long-term investors by producing a passive income proportional to what the “treasury” earns over time. It is the first DeFi earning protocol that provides private and institutional investors with “Yield Farming As A Service.”
Gnox’s presale announcement earlier this month attracted an incredible amount of interest in a short period of time.
Cryptocurrency is still primarily a speculative investment. However, assets like Litecoin, Tron, and Gnox, with their technical advantages and value-added applications, can help bring blockchain technology further into the public. These solid fundamentals can contribute to long-term growth in 2022 and beyond.