Which Cryptocurrency Will Be the Next Big Thing in 2022?
Although cryptocurrency began as a fringe investment, it has since been firmly established in the financial mainstream. Despite recent volatility and government crackdowns in China and elsewhere, institutional investors and major banks see it as a viable investment.
Consider the following examples to see how volatile they are: As of April 11, Bitcoin's value had fluctuated from a low of $28,893.62 to an all-time high of $68,789.63 in the previous year. Many bitcoin investors are still hoping for the next big hit, yet even with the volatility.
Continue reading to see which of the next big cryptocurrency is set to explode!
Unless you're thinking about getting into cryptocurrencies, you might be pondering which one would get you the best return. Though bitcoin may seem like the easy answer, it may not be the best in 2022. A smaller currency that hasn't been hyped up by institutional investors as much as bitcoin would have a greater chance of paying off big time.
Choosing the most profitable cryptocurrencies to buy is difficult with over 15,000 digital resources available. Not to worry, here's a list of the next cryptocurrency to explode in 2022.
Ethereum (ETH)
Ethereum is likely the most volatile cryptocurrency on our list, with prices rising at an alarming rate. If Ethereum erupts once more in 2022, it will very certainly be a massive explosion.
Ethereum is one of the most promising cryptocurrencies to invest in because it was the first major project to introduce smart contracts, which enabled developers to launch desktop and mobile decentralized applications (dApps) on the back of blockchain technology. In addition, Ethereum has a dedicated team and community that is among the most active in the cryptocurrency industry.
NOTE: This is another reason to believe that Ethereum cryptocurrency will continue to be a solid investment in the years to come!
Solana (SOL)
Solana is another cryptocurrency that has the potential to blow out this year. It can resolve the 'blockchain trilemma,' which means that it can provide decentralization, privacy, and sustainability, all of which many other cryptocurrencies have struggled to achieve so far.
Solana may be the best financial opportunity you're unaware of. It is largely focused on providing improved DeFi and dApps services, as well as upgrades, and is a rising rival to Ethereum. It's proof-of-history consensus method functions in conjunction with a proof-of-stake (PoH) consensus mechanism. PoH allows faster flexibility and manageability.
NOTE: As a result, being a favored trading cryptocurrency, it has developed a thriving environment that makes investing in 2022 a no-brainer!
ApeCoin (APE)
The Bored Ape Yacht Club (BAYC) was one of the most popular non-fungible token ecosystems in 2021, consolidating its position as a market leader. The strong brand and financial support by APE token it well for success early on during this year's bear market cycle when other projects struggled to find their footing again after experiencing peak prices.
ApeCoin is now on the radar of tens of thousands of investors worldwide. Given the market's importance, there is no question that ApeCoin has a lot of higher returns in 2022.
NOTE: Only time will tell if this new coin is worth your money, but in 2022, it is certainly worth contemplating!
Terra (LUNA)
One of the most programmable types of cryptocurrencies, Terra has become a big part in DeFi industry. The infrastructure was designed to make it easier for people who want to create decentralized applications and stable coins - lumens (LUNA) being one such coin that uses their protocol.
With its unique design for stability, LUNA is making it easier than ever before to create your own decentralized applications and stable coins with ease. Terra (Luna) was once valued at less than $1 per coin two years ago. The currency reached an all-time high of $103 at the end of last year. The LUNA is projected to continue its upward trajectory in the next few years. LUNA's price projection and predictions indicate that the coin might reach the $500 level before 2025!
NOTE: Terra's worth is about to soar!
Cardano (ADA)
Cardano is likewise anticipated to surge in value in 2022 and continue to do so in the years to come. One of the primary reasons for such is the use of smart contracts. Now, the crypto market is essentially waiting for some large firms to join the Cardano platform ecosystem, which would result in a major price gain for Cardano's currency, ADA.
Two critical points to understand regarding cryptocurrency trading are that adoption drives up prices and demand pushes up prices. Cryptocurrency analysts have predicted that by the end of 2022, Cardano's price might undergo a surge and reach $7 per ADA coin. The next few years will be crucial for this cryptocurrency as it reaches new levels in terms resistance or support to see if there are any changes in their way
NOTE: According to some, Cardano cryptocurrency has a great deal more to offer. Dare Shonubi of CoinPedia believes it might reach as high as $8 by the end of 2022, which would make it far and away the finest to invest in!
Uniswap (UNI)
The primary goal of Uniswap was to make purchasing and selling crypto assets as simple as possible. It is well-established in the decentralized finance community that professional market makers have no incentive to offer liquidity for sparsely traded assets. As a result, demand for its exchange platform's transaction volume will grow, which will benefit the price of its tokens.
Notably, Uniswap received a significant investment from venture capital company Andreessen Horowitz, which has previously invested in Coinbase, Ripple, Twitter, Lyft, and Oculus VR. Uniswap is one of the best cryptocurrency exchanges of the year, as it has the potential to devastate centralized exchanges like Binance, as well as conventional and market maker brokers.
Despite this, the price of UNI remains significantly lower than the prices of other prominent cryptocurrencies like Bitcoin and Ethereum. As a result, Uniswap is an excellent alternative for those who are just getting started and do not have a large budget.
NOTE: Uniswap is low-risk and high-reward. If you think decentralized finance is the next big thing, Uniswap is a must-have in your portfolio!
Aave (AAVE)
Aave will offer you interest on your bitcoin deposits. Its unique characteristics set it apart from other lending systems. Borrowers can convert from fixed to variable rates. Aave is also known for its no collateral Flash Loans. They must be reimbursed in the same transaction. Aave is a governance token, so holders may vote on the protocol's destiny. They also save money utilizing Aave's services.
NOTE: Investing in Aave is an excellent method to enter crypto that may skyrocket in value and establish a new market!
Dogecoin (DOGE)
As an alternative to Bitcoin, Dogecoin cryptocurrency offers users a totally anonymous, decentralized, and secure transaction environment. Dogecoin is one of the most volatile investments that may yield substantial returns if you learn to use the hype.
As a result of Elon Musk's tweet "Doge howling at the moon," Dogecoin's value increased by nearly 600%. As a result of these acts, Dogecoin is now valued at $41 Billion.
NOTE: Price Prediction predicts that Dogecoin will reach an average price of $0.56 by the end of 2022!
Chainlink (LINK)
Being one of the top 10 cryptocurrencies, chainlink connects blockchains to the outside world via ‘oracles. It is the market's largest decentralized oracle. Any project requiring real-world data must use Chainlink's data center. By allowing blockchains to incorporate oracles, smart contracts may react to events occurring outside the blockchain.
Considering Chainlink is largely market-dependent, its value will certainly climb as crypto use grows and blockchains need more real-world data. Investing in Chainlink may pay off later.
NOTE: Chainlink is a fierce rival. In fact, any cryptocurrency would lose value if no one bought it. It's price is expected to rise, making it a smart investment!
Shiba Inu (SHIB)
The Dogecoin meme rally of 2020 and 2021 boosted Shiba Inu's popularity. But the crypto community is growing, and acceptance is increasing. Shiba Inu cryptocurrency, like Dogecoin, may be a decent short-term trade provided you can tolerate the crypto market's price fluctuations.
Apart from SHIB, Shiba Inu is constructing an ecosystem that leverages three separate tokens: LEASH, BONE, and SHIB. It's ShibaSwap (cross between Dogecoin and Uniswap), which sets it apart from other cryptos.
NOTE: Cryptocurrency Shiba Inu coin price starts at $10. It is still one to monitor, but if positive news arrives, it may be a lot more affordable!
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Conclusion
It's enticing to hunt for the next big crypto. While this method may provide great results, it is tough, time consuming, and hazardous. To begin, you'll need to go beyond the industry giants. Smaller cryptocurrencies have more potential for development, but they're also more prone to failure, increasing the risk of losing your whole investment. To counteract this, you might invest in cryptocurrency stocks or large-cap cryptocurrencies.
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