- Ethereum co-founder Vitalik Buterin recently announced that they are going to implement limited sharding next year.
- Davis believes that Elrond could take off in 2022 as it basically exists as ETH 2.0.
A popular Youtuber and crypto influencer, Lark Davis has once again discussed five top cryptos that can take off in 2022. His selections were primarily based on the projects expected to be implemented on the various networks, and the ones recently launched and gaining popularity among users.
According to Davis, the second-largest crypto by market cap has the potential to be a five-digit asset in 2022.
Ethereum can realistically hit $20,000 before the cycle rolls over and dies.
He believes that the price of Ethereum would be massively affected by the implemented and incoming projects which will act as catalysts to push the price to $20,000. There is a layer 2 scaler solution exploding for Ethereum. Also, the move from the Proof of Work to Proof of Stake will have a lot of impact on the price.
In addition, the triple halving which will see a nearly 90 percent reduction in yearly emissions of newly created ETH will be a huge catalyst for its price movement. Ethereum co-founder Vitalik Buterin recently announced that they are going to implement limited sharding next year. The implementation will bring about three to four times improvement in transaction throughput for Ethereum. This will also aim for 64 times improvement In transaction speed eventually.
The crypto expert believes that Elrond could take off in 2022 as it basically exists as ETH 2.0. The Maiar exchange, a native decentralized exchange has finally been launched. This means USDC, Elrond token, and other assets can be traded.
I expect good things from Elrond in the future.
Davis also mentioned that Polygon appears bullish with the many projects happening on the network.
2021 has been very crazy for MATIC. It was just 2 or 3 cents in December or January.
Polygon is currently a sidechain for Ethereum. A lot of major Ethereum Applications have now come on the network. Also, Uniswap, the biggest decentralized exchange has been rumored to be coming on Polygon.
Interestingly, Polygon is more than just being a sidechain. It is a broad scaling solution for Ethereum. It has also acquired two different major players in the Rollup Race. They have recently acquired a Mir protocol in a $400 million deal. It is further reported that Polygon has implemented EIP 1559. This Means every transaction on the network will burn a MATIC away.
Solana has positioned itself so well for gaming.
Beyond the primary Solana asset which is going to be decent when we see a lot of games starting to take off on Solana, I am really interested in the stuff happening on the network. There is Aurory, a beautiful JRPG style game that I’m currently staking. I’m also buying some other NFT characters.
He believes that Solana has a very nice user experience for NFTs and tokens since it has a very low gas fee. Solana also has the Legend of Lumia which has great NFT characters.
Metaverse is going to be a hot topic in 2022. According to Davis, Wilder is expected to hit at least a billion-dollar market cap if it gets the same success as the Sandbox.
They have been releasing all kinds of really cool stuff. They have NFT cards, NFT shoes, etc.