Christmas is a great time to plan for the next year while recapitulating some of the wins and losses taken during the year that is about to end.
Cryptocurrencies as a whole have kept rallying during the year following the positive performance that they experienced in 2020 on the back of the pandemic and the highly accommodative policies adopted by most central banks across the world.
As we are about to enter a new year, some investors may feel that they are too late already to participate in this latest surge. However, there are still many projects within this ecosystem that could have significant upside potential amid their practice on-chain and off-chain uses and strong fundamentals.
The following is a list of 5 cryptocurrencies to consider for Christmas for those who believe that this latest uptrend is just the beginning.
#1 – StakeMoon (SMOON)
StakeMoon seeks to solve one of the issues that have kept millions of investors away from the crypto ecosystem – price volatility. By introducing a 15% tax on every short-term transaction, this project could soon become the go-to token for those interested in investing for the long term.
Among the many interesting aspects that make StakeMoon stand out from other cryptocurrencies, we find that 10% of that 15% tax is distributed to token holders in the form of a dividend while the developing team has also stated that they will be conducting multiple manual token burns over time.
StakeMoon’s mission is to become a platform through which crypto investors can stake their holdings hassle-free through their StakeCoins.com proprietary platform.
More information about this project can be found here:
#2 – Chainlink (LINK)
Chainlink was designed to be the bridge that connects off-chain data with on-chain solutions and tools such as the smart contracts that power the well-known Ethereum blockchain and other similar networks. At its current market capitalization of $9 billion, it seems that the potential of LINK to become a major asset once blockchain solutions become more mainstream is not being fully appreciated by market participants.
Considering the huge size of the crypto ecosystem – more than $2 trillion – Chainlink is a crucial infrastructure project and its native token LINK could be poised to experience significant upside in the years to come.
#3 – Decentraland (MANA)
The metaverse has been one of the most widely covered and discussed topics lately after Meta – formerly known as Facebook – changed its name and outlined its vision to become the leading platform in this up-and-coming industry.
Decentraland is a decentralized metaverse project that sells pieces of virtual land to investors who own them by purchasing non-fungible tokens (NFT) called LAND.
Owners of LAND can earn income by leasing their virtual space to advertisers, businesses, and developers interested in developing experiences and games in the Decentraland metaverse.
In 2021 alone, the price of Decentraland has risen 4,400%. As a result, the market capitalization of the project has increased to $6.5 billion. Considering the huge valuation that market research reports are attributing to everything related to the metaverse, this price tag could fail to appreciate the upside potential of a project of this nature.
#4 – Bitcoin (BTC)
The queen of the crypto realm cannot be left out from a selection of this sort as it continues to pioneer its way into becoming a world-class store of value and a must-have financial asset.
The weakness experienced by the price of BTC in the past couple of weeks has opened a window to those who may have missed the latest rally that pushed the price above the $60,000 mark for a second time.
Bitcoin’s strong mining network, its appeal as a plausible store of value at a time when fiat currencies have been systematically debased, and the public’s increasing interest in what it stands for may continue to push the price of this digital asset higher in 2022.
#5 – Stellar (XLM)
The goal of Stellar is to revolutionize a type of transaction that has always been quite expensive for people and businesses around the world – exchanging fiat currencies. This network has thus far processed over 450 million transactions involving different fiat currencies and even digital assets in a decentralized way.
Stellar can accomplish this without charging excessive commissions by relying on a decentralized network. Synthetic tokens that are pegged to the value of the fiat currencies they represent are created and transacted via the Stellar network. One example of this is Tether (USDT) – a digital asset whose value is pegged to that of the US dollar.
In the same way, other tokens representing other currencies can be introduced and traded through the Stellar platform to facilitate the process of exchanging fiat and digital currencies. The possibilities with Stellar are just endless and that makes it a highly attractive project to invest in.