Top 3 Ethereum-based Coins to Keep an Eye on in 2022

ERC-20-based coins to keep an eye on this year are Ethereum, Polygon, and Decentraland.

The year 2021 was unquestionably the year the crypto sector developed. It witnessed the introduction of new currencies and exchanges, as the industry attracted more investment than in previous years. Above all, it was the year that saw widespread crypto acceptance.

While Bitcoin remained the market’s focus point during 2021, reaching an ATH of $69k in November, altcoin domination also experienced some amount of significant advances.

Surprisingly, numerous Ethereum-based currencies, such as ETH, outperformed BTC in the market, leading its dominance to fall from more than 70% to less than 40%.

What exactly is the Ethereum Blockchain?

Vitalik Buterin and two other programmers founded Ethereum, a decentralized blockchain featuring smart contract capability, in 2015. Bitcoin is marketed as a digital currency and a store of value, whereas the Ethereum blockchain is marketed as a platform for hosting decentralized applications.

This places it at the heart of Web 3. There are about 3000 decentralized apps on Ethereum, according to the status of dApps.

Despite the fact that the crypto market is now in a severe bear phase, evidence show that altcoins, particularly Ethereum-based cryptos, will provide substantial returns for investors this year during a bull run.