For a brief period in 2021, the crypto industry had a market capitalization of $3 trillion. It was a significant moment in the mainstreaming of Bitcoin when El Salvador made it legal tender. Meme coins and calls for stricter regulations also emerged this year. In October of last year, the first crypto-focused ETF went public. Investors’ exposure to the new technology could increase in 2022 as a result of this trend. To keep up with the times, hedge funds have been gradually increasing their cryptocurrency exposure.
Insider Monkey looks at the list of 10 cryptocurrencies Redditors are buying for 2022 and beyond. Decentralised wireless infrastructure is powered by the cryptocurrency Helium, which powers a network of internet-enabled devices. A proof-of-coverage consensus is used to validate hotspots on the Helium network, unlike other blockchain-based wireless solutions. Redditors believe that the internet will be transformed by decentralized applications. This is made possible by the Flux network, which provides decentralized operating system support for applications and projects. A big supporter of the new technology is Square Inc. Using the Filecoin network, users can store and retrieve data in a cooperative manner. As a decentralized alternative to cloud storage, Redditors have been enthusiastically supporting the coin. An estimated $12.8 billion in equity has been committed to PayPal Holdings, Inc. by hedge funds. The Polkadot coin is one of the most widely used. It shares many characteristics with Microsoft Corporation. Fisher Asset Management, the owner of $6.7 billion in stock, is the coin’s backer. Using a decentralized network, Livepeer streams video content to users around the world. On the third generation of internet services, Livepeer aims to handle the streaming demand. At the end of 2021, 248 hedge funds owned Meta Platforms, Inc. positions. For more details, click the 10 Cryptocurrencies Redditors Are Buying For 2022 And Beyond.
