With the Fed’s contraction policy and the recent performances of the crypto market, the Fear and Greed Index has dropped to 10/100. However, a few altcoins aside from SHIB and BTC are demanding the attention of the community in the coming year. For example, IOTA has integrated smart contract capabilities through a beta release on its platform in 2021. Moreover, there may be several partnerships and launches that can be expected in 2022 as well. Let’s take a look at the 2022 outlook from the analysts’ choices.
Beyond SHIB and ETH, these altcoins demand focus on 2022
According to a recent post, IOTA’s focus is now on getting developments to the mainnet stage. However, some NFT and metaverse projects built on the project are in preparation. This includes early stages like Disentangle and IOTA Plus. However, crypto analyst Lark Davis believes the upcoming SOL metaverse SOLICE is also an interesting project. The analyst said the following about the altcoin project in a recent tweet:
Everyone is basically looking for the next Sandbox, the next Decentraland. Here is something that could be a version of it.
- SOLICE is expected to introduce minigames in the Solice metaverse in Q1 2022, as well as introduce staking and LAND pre-sales.
The next focus in the crypto market could be Terra. Crypto analyst Route2FI recently noted that LUNA may be undervalued while noting its interesting protocols like Anchor. Cryptocoin. com
You can take a look at the details of the tweet below, which we prepared as .
DeFi altcoin projects
Going forward, analyst Davis is including Chainlink in its 2022 list as altcoin adoption is at great levels. Over the past year, it has seen the Total Value (TVS) of the Chainlink Network exceed $75 billion, which means an increase of over 10x every year. Apart from LINK, popular Twitter analyst CredibleCrypto draws attention to Curve (CRV) and Convex Finance:
I think both of these altcoins still have great potential. Both are truly worth several billion dollars in market cap.
Notably, Convex has a total locked (TVL) value of close to $20 billion on DeFillama and was one of the top performing tokens last month. According to Lark Davis, it’s worth considering the locked supply of projects:
Most of the supply of both of these altcoins is locked. This means that a very small supply is circulating in the market. This tells us that we can really look at this as a great price catalyst.
Apart from the projects mentioned above, crypto Davis is bullish on Polkadot due to new launches like Moonbeam. That said, he thinks 2022 will be an exciting year.