2 Potentially Bullish Midcap Gems for 2022
“The large cap cryptocurrencies such as Bitcoin, Ethereum etc. are your safest bets if you are a low risk investor in the crypto markets. But, if you are here to taste the adrenaline pump of the crypto volatility, the mid-cap altcoins must be your choice as they have a tremendous potential to provide multi-bagger returns. We are going to explore 2 such mid-cap gems that can shoot to the moon in 2022.”
The Mid Cap Altcoins: What are they?
The altcoins such as Ethereum are the large cap altcoins that have a market cap in Billions of Dollars. These altcoins are among the top 50 cryptocurrencies and are considered to be a safe bet for the investors as their huge market cap stabilizes them and the volatility is minimized. The Mid-Cap Altcoins on the other hand are the cryptocurrencies that have a market cap in Millions and not in Billions. These altcoins generally rank around 100 on the cryptocurrency list and are somewhat prone to volatility, but they are the ones with a potential of huge return on investments.
The List of 4 Bullish Mid-Cap Altcoins for 2022
The year 2021 will go down in history as it provided maximum gains for the crypto investors and 2022 is also being anticipated as the year of crypto as more and more mass adoption is being carried out all around the world. A list of 2 mid-cap altcoins that have a potential bullish 2022 are listed below:
Audius is a great project for the music artist community as it provides decentralized music hosting and streaming services to the artists with full control over their music thus cutting on the middlemen. It was launched in late 2019 and now has over 100,000 artists registered and over 5 Million users gaining access to music on their platform. In July 2021 it teamed with Solana Foundation to create a $5 Million fund to encourage the artists in embracing the era of decentralization. It has a current market cap of $700 Million at the time of writing.
Though one downside is that it is not approved in the US yet and with the regulations coming in 2022, it can really pump hard.
The Sandbox (SAND)
The Sandbox is a virtual world that allows players to build, own and monetize their experiences. It was invented in the year 2011 and is completely built on the Ethereum blockchain. The Sandbox is the actual initial version of the Metaverse that we are hearing all around today. The Year 2022 will be the year of the Metaverse and many Metaverse projects such as Sandbox have the potential of extensive growth this year. The Sandbox has started to show its growth potential and peaked to a price of $8 on 25th November 2021 from a mere price of $0.70 on 27th October. It has grown 10x within a period of 1 month giving signals of its growth potential that will continue in 2022 as Metaverse as a technology develops into a more intuitive and interactive one.
Disclaimer: The article is meant for the educational purpose only and in no way it should be considered as financial advice. Own research on the topic is advisable.
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