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Phil Rogers

2022 Pick: Decentraland (MANA)

Metaverse coins really exploded back in November. There had been interest in virtual world concepts previously, but it had never managed to go mainstream. This picture started to change earlier in 2021, and rapidly picked up pace in Q4.

The success of Roblox from the IPO earlier this year helped, along with the rebranding of Facebook to Meta. With investors quickly catching on about the potential uses of the metaverse, Decentraland was one of the options money poured into.

We see large potential in the metaverse looking forward from various angles. Sure, gaming will be a driver in the immediate term. But the uses around education and even employment add more tangible strings to the metaverse bow. Given the need for users to pay with the MANA token, fundamental growth in the virtual world will correlate to a higher price of the coin.

The risk to our view is based around valuation. It’s impossible to pin a fair price on where MANA should trade. We saw this a few weeks back, when the price quickly dropped from levels above 5 down to 3.30 at the moment. Therefore, it may be that MANA already accurately reflects the positive future outlook, with further growth stunted. This remains to be seen, but like all crypto, speculative drivers can render fundamental values irrelevant for long periods.

Jesse Williamson

2022 Pick: Ethereum (ETH)

The Ethereum network is one of the most advanced when it comes to crypto and decentralised projects. “Ethereum serves two purposes: One, it acts as money and can be a store of value,” says Bill Noble, chief technical analyst at Token Metrics, a cryptocurrency analytics platform. “But Ethereum is also like a highway for decentralized finance.” 

We think this dual purpose of Ethereum makes it one of our top crypto investments for 2022. Where do we think it will thrive? Two hot sectors that will see Ethereum thrive are NFTs and The Metaverse. Ethereum is the main currency used for transactions. This drives the demand of Ethereum for more reasons than just an investment. Ethereum currently has a market capitalisation of just under half of what Bitcoin has. In fact, it is just 53%.

Ethereum has the possibility to overtake Bitcoin as the largest crypto on the market. Just in 2021, Ethereum has gained 437% to its current price of $3950. We think Ethereum can see a milestone of $10,000 hit during 2022.

Robert Henrik

2022 Pick: Solana (SOL)

Solana has had an exponential rise since being founded in 2020, and currently sits in fifth position in the crypto rankings with a market of ~$60B. Even with the recent sell-off across crypto markets, the SOL/USD price has had a stellar year, rocketing from ~$2 in January to ~$180 at the time of writing. The peak in November reached ~$260 and we believe the current levels are an attractive entry. A risk-on environment across crypto to start 2022 could see SOL make a strong run for the $300 mark.

SOL’s main competition is ETH, but SOL has a significant advantage in scalability and being able to process faster transactions, whilst also having lower fees than its competitors and being less energy-intensive. As a result, it has drawn a lot of attention from developers and has gained market share in the booming NFT space.

Overall, we believe SOL is positioned to continue its upward trajectory in 2022, as its strong tech offering and brand become more mainstream across the crypto community.

AlphaPicks owns shares in Roblox and Upstart, and owns MANA, ETH, SOL. To buy shares and crypto, register here with our preferred partner, EToro.

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