In 2022, there are some crypto favorites that you should take a closer look at. It should be noted here that the selection of these favorites may vary depending on the subjective point of view. Because of this, it may be a good idea for you to consult other crypto comparisons and favorites lists so you can get the most comprehensive overview of the crypto favorites in 2022.
Newcomers can access the platforms preferred by German retailers such as Kucoin, Bitcoin Motion or eToro access to acquire and trade bitcoin.
As the first potentially promising cryptocurrency, we present Uniswap to you. Uniswap is a real one DeFi-Master whose platform is based on Ethereum. In this way, this cryptocurrency platform manages to bring buyers and sellers together directly to a selection of different digital assets.
Uniswap stands out for its own efforts to be able to pay fees with any type of token, to achieve better scaling and also to offer very fast and cheap transactions.
By scaling It is also about being able to complete more and faster transactions purely in terms of processing – this factor can otherwise be affected in the initial crypt development and fundamentally paralyzes the further spread of the respective crypto platform. With the scaling problem, you can find a crucial concept that is important for a cryptocurrency’s sustainable success.
You should note that although Uniswap takes care of the mentioned points, it is still in the early stages of the associated process. During this, you can use Uniswap to find a potential candidate that you should at least keep an eye on.
Once there are actual implemented successes, the cryptocurrency can benefit greatly from these advances. In such a case, you will ideally already be invested to make a profit from the price increase.
However, you should also note that Uniswap is confronted with some negative criticisms. According to this, for example, there is an electoral system where people with a large number of UNI tokens have more say than people with only a few UNI tokens. In addition, people can delegate their right to speak and thus transfer it to others. In an unfavorable case, this may ensure that a few supporters of the cryptocurrencies have almost sole influence. In the past, for example, this has resulted in a cryptanalysis company being able to value itself around $ 25 million without any competition.
This use of force is a major disadvantage of Uniswap. This is one of the reasons why you should avoid just investing in the blind without realizing the negative features of this cryptocurrency platform.
Based on the Ethereum network, Polygon has around 350 projects to create blockchain interoperability solutions. Polygon has also set a precedent and was the first crypto platform to include the Hermez Network (HEZ) – a second crypto platform. In combination, both concepts ensure that the respective strengths can be used together.
As part of this collaboration, transactions at Polygon can be processed much faster, creating a real advantage over other crypto platforms.
The acquisition of the Hermez Network (HEZ) cost about $ 250 million. However, you can see that Polygon has raised about $ 1 billion for zero-knowledge technology. So we can see more acquisitions in the future if the team wants to move forward with a similar strategy.
On the downside, it should be noted that Polygon has an extremely direct bond to Ethereum. Problems encountered with Ethereum will therefore also have an immediate impact on Polygon, revealing a clear weakness in relation to addiction.
Furthermore, there is a constant risk that Polygon’s right to exist may more or less be revoked if Ethereum made further progress with the scaling problem.
Also stands again and again Ethereum 2.0 in the open space. With such a big change, Polygon might be struggling to stay seated. Stakeholders should therefore be very aware of what will happen to Ethereum in the next few years to deduce what dangers are emerging for Polygon. As with virtually all crypto investments, here too it will be important that you always stay up to date with the latest crypto news so as not to lose touch.
Finally, of course, you can find a whole host of other cryptocurrencies that have great potential. However, there is not enough room for our presentation to actually go into detail about all sorts of crypto favorites for 2022.
As a result, we encourage you to consult several cryptocurrencies, comparisons, and favorite lists to get the best possible overview of which cryptocurrency to invest in in 2022. Uniswap and Polygon are two clear favorites if cryptocurrencies are likely to perform well in your crypto portfolio.