How to choose the next cryptocurrency to explode in 2022? Let’s ask ourselves, who has the brightest future in front of them? The answer would be Bitcoin. It’s number one, most popular, and with the highest market capitalization, today and will remain for quite some time to come.
So when you look at the list of all cryptocurrencies today, you have to ask yourself, what are other projects out there trying to do better than Bitcoin?
Ethereum
You might not have heard of Ethereum, but it will be front and center for all startups. The next cryptocurrency to explode in 2022 will be Ethereum. Many people compare it to bitcoin; however, it is much more than that. It is a blockchain technology like bitcoin created with a different goal.
Ethereum was created to make online applications feasible. These smart contracts run through distributed computer systems without interference from third parties like government institutions or significant businesses.
However, this makes them transparent and trustworthy. You should invest in Ethereum next year because it’s growing at a high-speed rate. Last year, its value rose by 8500%.
Shiba Inu
The Shiba Inu was designed to be a fun dog who can thrive without being left alone for eight hours. Instead of requiring a walk every few hours, they’re built to chase rabbits and squirrels while you work.
The relatively simple nature of Shiba ownership means that if you have time to exercise it, you probably have time to play with it—which makes it perfect for busy people.
And don’t worry about getting bored of your pup: Shiba Inus come in three different sizes, each with its unique personality.
Algorand
When analyzing cryptocurrencies it’s best to look at them through a bird’s-eye view. In that sense, my next big cryptocurrency prediction is when we can expect widespread adoption.
I believe Algorand, which aims to solve blockchain scaling and privacy issues while also providing security and decentralization, will be one of the most prominent crypto players in just a few years.
The reason for my optimism? Algorand was developed by MIT computer scientists who have already proven their ability to execute an ambitious project with Stellar.
Aave
The Aave Coin Project is a decentralized, community-owned crypto that challenges Apple’s valuation. If you currently own shares of Apple, it’s a good idea to hedge your portfolio by investing in other cryptocurrencies such as Aave.
Aave has an active and highly engaged development team that consistently pushes new updates every week. The coin’s current market capitalization is $2 billion, and analysts predict that it will quickly become one of the largest cryptocurrencies, with a market cap of over $10 billion within two years.
Decentraland
Own a piece of virtual real estate? Owning part of something digital that no one can take away from you—and which also holds actual value as it appreciates over time. A good example is Decentraland, a blockchain-based virtual world built on Ethereum.
It lets you purchase land plots or decentral and tokens and use them to build anything you want. Or hang out. Some of those plots have sold for more than $200 each.
Ripple
All indications point to Ripple being one of, if not the next, cryptocurrency to explode in 2022. Although some of its value is based on speculation, Ripple currently has a market cap greater than Paypal and Expedia – two companies with some serious business behind them.
At present, it’s believed that half of all XRP coins are controlled by founders or investors and never reach public hands; as such, there’s still plenty to go around.
Cardano
Although Cardano’s strength is its more significant number of tokens, some critics say too many. While it may have potential as a long-term investment, as I explain here, short-term investors might be turned off by its obscure technology and an extensive list of tokens.
Another concern: The system has not been fully implemented yet, so many tokens are still being developed. It’s also important to note that while intelligent contracts are gaining popularity and Cardano may benefit from it eventually, developers can build them with Ethereum.
So any perceived advantage to using Cardano right now could change over time as both networks develop. Still, Cardano is far more than just a simple store of value.
Stellar
Given that it has been around since 2014, Stellar Lumens (XLM) is one of our following cryptocurrencies to explode in 2022. It’s a newer coin than most but boasts significant benefits over its competitors.
If you’re looking to invest in cryptocurrency, you might start small—and that’s why XLM is an excellent place to get started. The virtual currency boasts a low-fee, decentralized platform that quickly and efficiently processes transactions.
On top of all that, it’s backed by an established non-profit foundation—something very few coins can claim.
Solana
If you missed out on bitcoin, then you may want to take a closer look at Solana. So, this is one of many altcoins created after Ethereum became popular. In other words, it’s a digital currency that uses technology similar to bitcoin.
However, Solana is faster and much cheaper to use than bitcoin. The organization is based in Berlin, Germany, and plans to release its coin on June 20th, 2018; its value skyrockets over time. So if you can grab some at a reasonable price, there’s money to be made here!
Curve
The best cryptocurrency of 2022 is also one of my favorites right now. It’s similar to Bitcoin but with an added privacy feature called Stealth Addresses which masks your transaction location.
This makes it ideal for business-to-business (B2B) transactions and B2C payments that you don’t want to be tied back to you directly or your organization.
However, because it offers greater privacy than other cryptocurrencies, people are more likely to use it to make anonymous purchases from a distance.
Yearn. finance
It’s no secret that investing in cryptocurrency is a risky venture. After all, as of January 2018, there were more than 1,300 cryptocurrencies available to trade online and just about any one of them could be poised for a significant breakout—if not a total collapse.
According to various estimates, more than 80 percent of new coins (coins with an initial I designation) are considered scams or fail within six months.
Still, I believe you can identify cryptocurrencies that will explode onto more extensive exchanges like Coinbase and Binance over time. If you get it right and manage your crypto portfolio responsibly, it could mean some excellent profit margins down the road.
Pancake Swap
Do you want to buy cryptocurrency but don’t want to keep up with its ups and downs? Enter Pancake Swap, an experimental crypto-based commodities market that runs on Ethereum.
Instead of buying cryptocurrency directly from your bank account, you use Pancakes—the marketplace’s currency—to buy a piece of given crypto, for example, 100 units of Litecoin at $10 per pancake.
Then when you feel like selling it all back, you put your request on PancakeSwap and see if someone buys your stake for $200 (in other words, $5 per pancake). If nobody does, you wait until someone is willing to pay more.
Binance Coin
The world’s largest best crypto exchange, Binance, has created a coin. That news isn’t so earth-shattering; crypto exchanges make coins all of the time.
However, Binance Coin is different from most other altcoins because it seems to have a solid use case right now—the ability to buy discounted fees on transaction fees when trading with Binance.
At $1 billion in total market cap, it still has room to grow and likely won’t ever reach Bitcoin or Ethereum levels. But for those looking for a safe bet in cryptocurrencies, Binance could be a good option.
Bonus: Hopefully reading this whole article gives you a better understanding of “How to Report Crypto Scams”
How To Spot the Next Big Cryptocurrency
Getting into a brand-new coin right before it goes viral is a great way to make good money, but how do you spot those rising stars? Many people use technical analysis to study price history to try and find repeating patterns that suggest future trends.
But analyzing prices isn’t easy, and it requires a lot of knowledge about how markets work. Instead of playing crypto-analyst, look for coins that solve real problems with a solid marketing strategy. They might be worth investing in if they’re gaining popularity quickly and getting lots of media coverage.
In other words: if no one is talking about them (yet), there might be a good reason for that! I recommend holding onto your favorite currency for at least three months regarding actual cryptocurrency investment strategies. Also, this gives you time to observe how well your chosen coin performs and get an idea of its overall viability as an investment.
It also prevents you from buying something just because it seems like a fun novelty; remember that cryptocurrencies are volatile by nature, so make sure your fun purchase won’t go belly up on you after only a few weeks.
3 Best New Cryptocurrencies with Potential To Buy in 2022
- BitShares (BTS) :The team behind BTS is already hard at work creating a network of decentralized financial tools and services—and they may bring a new level of efficiency to cryptocurrency trading.
- Burstcoin (BURST): What’s so special about BURST? It makes cryptocurrency mining accessible to everyone—even people with very little computer knowledge or technical skill.
- DigitalNote (XDN): XDN is one of those cryptocurrencies that seems to have been forgotten by time, but don’t let that fool you: It has some incredible features and benefits that make it worth considering as an investment.
ApeCoin
Although it’s unlikely that any cryptocurrency will see massive growth in price and market capitalization, you can certainly make money with a specific coin. The most obvious choice is buying and holding several small market cap cryptocurrencies with massive potential for explosive growth.
We’re not saying ApeCoin will be the next big thing, but we would encourage you to research and look at some numbers on CoinMarketCap before dismissing it.
There’s more than meets the eye with ApeCoin, and some savvy investors are making money while diversifying their portfolios by investing in lesser-known coins.
Lucky Block
If you have different cryptocurrencies lying around and are looking for ways to invest, it’s worth putting some money into game currency for a gamer like you.
Also, there are plenty of games out there that use their unique crypto tokens—and those tokens can be traded between gamers or sold to those looking to buy their way into gaming.
It’s not particularly difficult: it takes a little bit of research to determine which of these coins is likely to explode in value.
Terra
With a solid development team, a fundamental value proposition and a robust and committed community already behind it, Terra is one of those rare cryptocurrencies which might explode in value over the next year.
With a history extending back to 2014, it may seem like Terra is too old for blockchain technology — but if anything, its long track record of success (and failure) proves that it’s not just another run-of-the-mill crypto project.
