The most promising cryptocurrencies selected by the crypto community
CryptoQuestion is an independent platform providing free resources for the cryptocurrency investor. From an on-demand Q&A service to our new Cryptocurrency Bootcamp, from books to our Micro Cap Watch List. Visit us at www.cryptoquestion.tech
How the crypto world has changed since we wrote this same article one year ago!
This year the community picks are a little more diverse ranging from memecoins, play to earn games and DeFi projects. Like last year we weeded out what we considered total crap.
We also added a small section of cryptocurrencies that didn’t make the list.
Similar to last year, in order to compile this report we drew information from Crypto Twitter, our own Telegram channel and Reddit.
This review is not a recommendation to buy and you should conduct your own due diligence before buying.
Key market indicators
Before we get into this year’s moonshots let’s take a look at how the market has changed over a year from a top down perspective.
As you can see, 2021 was a transformative year in crypto with over 10,000 new projects joining the market and total market value of all listed coins exploding to $2.2 trillion.
Catchy provides a suite of crypto tracking tools for Telegram users. From the currently available multichain (BSC + ETH) Telegram wallet tracker, to the upcoming wallet watcher, price alert, and sniperbot tools, their vision is to create an ecosystem that satisfies crypto enthusiasts needs directly on Telegram, the flagship crypto platform.
Crypto Moonshots 2021
That leads us nicely to the selections the community made last year.
Whoever said, ‘Don’t follow the crowd’, would have been looking like a total fool after last year’s outstanding performance.
The 28 selections were up by a massive 792% collectively. The standout performer was MATIC which saw its market cap increase by 11,000%. Other top performers were Hedera 2k%, Kryll 1.3k% and Dent 1.8k%.
Summary of last year’s performance
The NEW KIDS ON THE BLOCKCHAIN are one of the leading content providers specialising in the fast-moving cryptocurrency space. Join them for their award-winning weekly YouTube show here where you can find deep dive interviews on all the latest hot project news across Crypto, DeFi and the Play To Earn NFT gaming scene. Keep your knowledge sharp!
Crypto Moonshots 2022
Let’s be honest it is going to take a miracle of some sorts to exceed the communities 2021 picks. We do however have the benefit of buying in at a trough in the market after many projects are down by at least 50% from their recent highs and the market is down 25% from its peak.
As we indicated earlier this list is more diversified than last year. Many of the outstanding performers from last year’s list were infrastructure projects. This year most of the picks consist of memecoins, DeFi platforms and play to earn NFT games. We will reserve our judgment to the overall quality of the list, you can make that call!
It is worth saying however, there will be some winners amongst the communities list of 26 possible moonshots. Your job is to research your favorites and only invest what you can afford to lose. Remember past performance is no indicator of future performance.
With that said, here is this year’s list.
Finally, here is a short list of cryptocurrencies that didn’t make the main list.
SPIN is a revolutionary rewards token with brand new Buy-to-Win Jackpot Tokenomics! Buying $SPIN automatically enters you into the current daily and weekly SPIN Jackpots and rewards holders with BNB! The more $SPIN you buy, the more chances you have to win. Learn more, review the jackpots and your credits, and see your odds here.
Last year saw the market take a new fresh look at many previously neglected infrastructure projects and re-evaluate them. Quality projects such as MATIC, Dent, and The Graph shone through and saw massive gains for investors.
This year it is going to be hard to match that performance, but there are areas such as the Metaverse and play to earn NFT games that offer the chance of outsized profits. However as investors we must be careful not to pile into the latest craze as many of the leading metaverse projects and gaming platforms have already been priced to perfection. Meaning there is limited upside for new investors. This year a better strategy may well be to sit patiently and wait for price weakness before buying into quality projects remembering to take profits when the opportunity arises.
Whatever strategy you decide to follow, we wish you a happy and successful 2022!
Join our Telegram channel here.
No Financial Advice
This report does not constitute financial advice or a recommendation to buy in any way. Always do your own research and never invest more than you can afford to lose. Investing in cryptocurrencies is a high risk, and you could lose 100% of your investment.