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6 Cryptocurrencies That Might Outperform Bitcoin In 2022

Bitcoin has been the flagship cryptocurrency since its inception in 2009. However, several other coins have been gaining traction and making their marks on the market. For instance, some coins have already beaten Bitcoin popularity-wise several times. Also, others have solid use cases and strong communities backing them to succeed. So, can any of them outperform Bitcoin in 2022?

We believe that at least six cryptocurrencies might dethrone the king coin next year. Read on to discover which ones may achieve this feat!

1. Ethereum

Ethereum is the second crypto by market cap after Bitcoin, and also it’s second in command by popularity. Its story started in 2015 as an alternative blockchain to Nakamoto’s breakthrough invention. Not many paid attention to it in the beginning. However, today, it is the primary platform for building decentralized finance (DeFi) applications and non-fungible tokens (NFTs).

At the moment, Ethereum is slowly but steadily upgrading to Ethereum 2.0. The next version should see its final transition from a consensus mechanism of Proof-of-Work (PoW) to Proof-of-Stake (PoS). This historical change may see its price outperform Bitcoin’s value trend next year.

2. Dash (DASH)

Dash has been around since 2014 and is one of several cryptocurrencies currently trying to replicate Bitcoin’s success. This digital asset isn’t just trying to be a better version of Bitcoin, though. Instead, it aims to become a decentralized payment solution for merchants and consumers alike.

Dash functions similarly to the king coin but includes additional features, such as built-in privacy and instant transactions. Its market cap currently stands at around $2 billion. This makes it a more minor player than larger competitors, such as Ethereum ($537 billion) or Bitcoin ($1.19 trillion). However, while its value is relatively small today, Dash could see massive growth if it can deliver on its promises. So, if you want a safe investment in an up-and-coming coin, you should check out Dash.

3. Ripple (XRP)

Ripple’s XRP is currently trading for just over $1.00 per token. However, many analysts believe its value could reach more than $10.00 by 2022.

Financial institutions use XRP to streamline global payments. If banks and other organizations continue to adopt Ripple, its value will only go up. Investing in Ripple might be a good option if you are looking for stable crypto investment. Also, you should consider it if you are looking for a digital asset close to mainstream adoption.

4. Litecoin (LTC)

Litecoin is a peer-to-peer (P2P) cryptocurrency and open-source software project operating under MIT/X11 licenses. Simply put, a cryptographic protocol ensures the creation and transfer of coins instead of a central authority.

Litecoin was an early Bitcoin spinoff and one of the first altcoins, starting in October 2011. It has since become one of the top-20 cryptocurrencies by market cap. Like Bitcoin, Litecoin can be helpful to purchase goods online or in stores that accept them as payment.

However, Litecoin differs from the king coin in several aspects. And, its special traits may help it outperform Bitcoin.

Firstly, it allows for the approval of mining transactions every 2 1/2 minutes. Additionally, it has a faster block generation time of 2 1/2 minutes, significantly quicker than BTC’s 10-minute block upload time. Lastly, it has a maximum supply cap of 84 million coins, 4 times higher than Bitcoin’s 21 million cap.

5. NEO (NEO)

While some investors refer to NEO as “the Chinese Ethereum,” others see it as a contender to Bitcoin’s supremacy. Firstly, this cryptocurrency supports more programming languages than Ethereum, including Java, PHP, and NET.  Additionally, its concept of a smart economy includes support for digital identity and asset registration.

Most projects aim to compete with Bitcoin as a smart contract platform. However, NEO aims to be an all-in-one solution for a smart economy. These factors make NEO an attractive choice when comparing performance in 2022. Therefore, many believe that in five years, NEO might outperform Bitcoin.

6. IOTA (MIOTA)

IOTA’s goal is to create a machine-to-machine payment system. This should help the Internet of Things (IoT) devices communicate without using centralized ledgers or financial services. Like most other cryptos, MIOTA uses blockchain technology as its underlying distributed ledger network.

The company claims MIOTA can process 1,500 transactions per second, way faster than Bitcoin’s seven transactions per second. Also, it aims to provide a new source of revenue for IoT device manufacturers. This should happen by allowing them to sell unused data through a micro-economy operating on IOTA tokens. If more companies begin adopting IOTA for communication between their IoT products, MIOTA could potentially increase value.

Conclusion – Cryptos that might Outperform Bitcoin

These 6 cryptocurrencies could accomplish the unbelievable and outperform Bitcoin in 2022 or beyond. Therefore, they could represent exciting investment opportunities with potentially high ROI.

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Nevertheless, we shouldn’t forget that crypto assets are volatile by nature. Simply put, their values can oscillate wildly depending on countless reasons. So, we believe in always doing your due diligence before putting your money in any Bitcoin contender.

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