Five crypto assets to follow in 2022

So far, 2022 hasn't been the best year for crypto. Constant reminders about the fed hikes, the tightest correlation possible with the equities market, and the unfortunate incident surrounding Terra—all of it played a role in keeping the market moderately bearish. Yet, despite everything, some have managed to grab every opportunity to invest, especially during the dips.

To keep the spirits of traders, HODLers, and investors up, leading crypto exchange CoinSwitch regularly lists utility-focussed tokens.

Here's a list of five crypto assets to keep you going too. The list has been created keeping the future potential, existing growth cycles, and the impact on real-world industries in mind.

Ethereum (ETH)The popularity of Ethereum—the world's first general-purpose blockchain—is common knowledge. But why might now be a good time to look at ETH (the native token)?

The answer is the upcoming grand Merge, which will push the Ethereum ecosystem to a Proof-of-Stake mechanism instead of the current, energy-intensive Proof-of-Work one. The shift will make Ethereum a more sustainable project in the long term.

And with staking, expect better Defi projects to show up. As for the current state, here are the main selling points for ETH:

Ranked #2 in terms of market cap

Market dominance of almost 17.80%

Hosts most Defi protocols in terms of number and Total Value Locked

Expected to become net-deflationary over time (higher demand than supply)

Tezos (XTZ)Ranked at #37 globally, Tezos has the smallest carbon footprint to date.

The network supports smart contracts and is immune to sentiment shifts caused by those sudden hard forks (abrupt blockchain divides).

Tezos' general-purpose tag, followed by its eco-friendliness, is expected to open several doors in the years to come. And all of that drives its adoption and usage up.

If you plan on checking out the native token XTZ, here are a few pointers that might help:

Market dominance of 0.14%

The ecosystem supports NFTs and DeFi apps

Uses the Proof-of-Stake consensus

Polygon (MATIC)Want to make it big in Web 3.0? Polygon should probably be your go-to ecosystem. The blockchain was initially created to solve Ethereum's congestion, but it has now made a name for itself as the ultimate Web 3.0 facilitator—helping startups develop Web 3.0 ecosystems.

With a market rank of 17, Polygon, led by its native token MATIC, aims to become carbon negative by the end of this year. Once that happens, we can expect the adoption to increase multifold.

As for investors, here are some key pointers on Polygon:

Market dominance of 0.39%

Available at an 80% discount from the all-time-high of $2.92

Currently seeing several Terra-specific projects migrating towards it

Algorand (ALGO)Did you know that Algorand recently found a sponsor in FIFA, and that pushed the ALGO token up by 19%? Things have been a tad slow since then, but Algorand continues to brim with potential nevertheless. All thanks to its highly scalable network, proof-of-stake consensus, and low transaction fees.

However, what makes Algorand appear on this list is the developing London Bridge—a connector between it and the Ethereum blockchain. Once the London Bridge comes into effect, you can expect a massive liquidity surge across Algorand's ecosystem. And higher liquidity is always good news for traders and investors.

Algorand also has been monitoring its energy use, which is still on the lower side. And this makes ALGO one of the more eco-friendly cryptos in sight—much like Tezos.

Here are some of the Algorand-specific insights to keep you up to speed:

Market rank and dominance of 30 and 0.21%, respectively

The Nigerian Government's nationwide wallet will deploy Algorand as the base layer

Currently trading at a 90% discount on its all-time-high price level

Cardano (ADA)Cardano finds itself on this list due to several factors. First of all, it ranks at #5 when it comes to the volume of developers migrating to the ecosystem. Next, we have the Vasil hard fork coming up. That's expected to boost the overall efficiency of the network and the underlying smart contracts.

Once that happens, you can expect developer migration to increase—something that will also amplify native token ADA's usage.

And that's not all Cardano has to offer. As a Proof-of-Stake ecosystem, Cardano's take on decentralization is well within energy-specific directives.

Close to 1,000 smart-contract-powered projects are already being built on the network. These projects have the ability to process transactions at 1,00,000 TPS.

Here are some of the Cardano-specific details for the investor in you:

Market dominance of 1.31%

Ranked at #8 in terms of market cap

Placed at #32 when it comes to Defi exposure

Wrap-UpIn an era where no buzzword is as popular as Web 3.0, having these tokens by your side may help you weed out the competition. And with CoinSwitch by your side, you can track each one in real-time.

However, before you move any further, it is essential to, as always, follow an airtight Do Your Own Research (DYOR) strategy. Doing so will ensure that you steer clear of the volatility. As for the bearish sentiments, patience might just be the key. And don't forget how helpful HODLing usually is!

Disclaimer : The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to the same. TIL does not guarantee, vouch for or necessarily endorse any of the above content, nor is it responsible for them in any manner whatsoever. The article does not constitute investment advice. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified.Crypto products and NFTs are unr egulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.For any queries, write to support@coinswitch.co