Bitcoin, Ethereum, Binance Coin, Bitgert, Centcex, Ripple – These Cryptocurrencies Are Preparing for a Massive Bull Race?
This article contains some of the reasons why Bitcoin, Ethereum, and others are preparing for massive bullish growth.
It’s the first week of 2022, and the cryptocurrency market is looking very vibrant. Despite the recent crash that the market is expected to recover soon, some cryptocurrencies have shown signs of massive upside this year. Here are the reasons why the following cryptocurrencies are preparing for massive bullish growth:
1. Bitcoin (BTC)
Bitcoin is the first blockchain and the largest cryptocurrency in market capitalization today. These are two main factors that give it an advantage in the market. The coin did well in 2021 and could do the same in 2022. There are factors that are expected to make bitcoin bullish this year.
One of them is a potential increase in governments making Bitcoin legal tender. Already, El Salvador has accepted this currency as legal tender. More countries may do the same this year, which will make BTC strong.
The increasing number of companies and organizations that accept Bitcoin as a form of payment for goods and services could drive the currency upward. It is also expected that more people will buy Bitcoin just to store value rather than gold. All these factors combined could make this coin bullish in 2022.
2. Ethereum (ETH)
The emergence of the Ethereum blockchain as a solution to some Bitcoin bug has made this second blockchain extremely popular. The platform introduced a game-changing smart chain technology, enabling it to build a massive community. Ethereum is the second largest cryptocurrency by market capitalization.
There are key factors that could make ETH bullish in 2022. One of them is the continuous update of Ethereum 2.0. The protocol upgrade involves switching the network from PoW to the PoS consensus protocol, which will increase security and scalability.
The Eth2 upgrade also includes blockchain technology to increase transaction speed and reduce gas fees. The upgrade is already in the second phase and is expected to make the blockchain more user-friendly. The additional facilities that will appear in 2022 and the upgrade of the protocol may be preparing Ethereum for a massive bull run.
3. Binance Coin (BNB)
Anyone who trades in the market must have used Binance Coin. The coin has been increasing in value since 2021, and the crypto community believes that it may maintain the same momentum in 2022. There are several factors that could make BNB bullish this year.
One of them is the popular Binance exchange. The cryptocurrency exchange is now the largest in the market based on the volume of tokens traded daily. The popularity comes from the cheaper gas fees and higher processing speed. The exchange is expected to grow even more in 2022, which means a more popular BNB coin.
The growing number of dApp projects to build and launch the Binance Smart Chain is another factor preparing this coin for a massive bull run. All of these factors combined could make Binance even bigger in 2022.
4. Bitgert (BREEZE)
Bitgert will be the most popular project in 2022 mainly due to the token’s amazing utility. The blockchain project is building a DeFi protocol that includes a powerful decentralized global payment system. But the team does more than just a payment system by building the entire DeFi ecosystem.
Bitgert was bullish in 2021 due to the multiple products the team launched. With 5 products in 120 days of launch, the team has accomplished a lot. But it’s 2022 products that will keep Bitgert growing this year. The launch of a cryptocurrency exchange and blockchain without gas fees are the developments that could make this coin bullish.
There is no other free invasive blockchain on the market, and that means Bitgert will be a unique project. The launch of the blockchain is expected to lead to the rise of the coin. Read more on the Bitgert website.
5. Centcex (CENX)
Centcex is a blockchain platform that enables the development of powerful dApps that are secure and easy to use. A number of exciting blockchain-based projects are already underway that could make Centcexcoin bullish in 2022.
One of the most attractive products at the moment is the Centcex exchange. It is a unique exchange in that it addresses the major flaws in existing cryptocurrency exchanges. It uses the PoS consensus protocol which will make it faster and more secure. Exchange is also a non-KYC protocol that provides a better user experience.
Centcex staking is the second instrument that could make the coin bullish this year. Speculators will enjoy taking 100% APY of the revenue generated, which is very attractive to investors. Centcex Lab will produce unlimited products for the ecosystem, which means more profits in the future. These factors could make Centcex record a massive rally. Visit the Centcex website for more information.
6. Ripple (XRP)
Ripple is a decentralized payment system that does its job in the marketplace. The platform is handling billions of dollars as more and more digital currency payments are adopted. Since 2012, when the cryptocurrency Ripple XRP was launched, that has been the case, and 2022 could be another year for the coin to be as bullish as 2021.
The 2022 team’s plan is to make Ripple the largest digital currency payment platform. This can be seen in the roadmap for 2022 that the team released a few days ago. The main goal is to increase the global adoption of Ripple (XRO), which will create demand for the coin, and this is how the upward trend may develop.
There will also be improvements to RippleNet in 2022 and more facilities added to the network. The improvement will address the main flaws in the network, including exorbitant gas fees, scalability, etc., to make the payment system more efficient, cheaper and faster. All these factors combined could make Ripple bullish this year.
Note: investing in cryptocurrency should be informed through thorough research about the project to prevent losing money. A better understanding of the project is highly recommended.
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