ETHEREUM, Decentraland, and Basic Attention are all tokens that some experts think are poised for rebounds in 2022.
Contributors at Motley Fool think those three cryptocurrencies could see gains next year no matter what else happens with the highly volatile market.
“Ethereum stands out as a great crypto for 2022 and beyond,” the outlet noted, but the site thinks BAT and Decentraland are good bets, too.
Bitcoin has remained the most dominant cryptocurrency in the world, adding more than 70percent to its value in 2021.
The coin went into this year trading at $32,000 per coin, and it surpassed $64,000 by April.
Despite the coin taking a hit from May until September, Bitcoin recovered and reached a new high of $69,044 in November 2021.
Read our cryptocurrency live blog for the latest news and updates…
-
China’s crackdowns on crypto
While crypto creation and trading have been illegal in China since 2019, further crackdowns this year by Beijing warned banks to halt related transactions and closed much of the country’s vast network of Bitcoin miners.
The previous statement by the central bank sent the strongest yet signal that China is closed to crypto.
-
China’s statement, continued
Bitcoin, the world’s largest digital currency, and other cryptos cannot be traced by a country’s central bank, making them difficult to regulate.
The crypto crackdown opens the gates for China to introduce its own digital currency, which it is already working on and will allow the…
