Take a look at the best 4 cryptocurrencies that could explode in July 2022 and beyond.
The cryptocurrency market has enjoyed immense popularity ever since people become aware of it. Since then, there has been no looking back. Considering how volatile the cryptocurrency market is, investors are always keen on knowing which are the altcoins that trade extensively.
Without a doubt, Bitcoin has a huge trading volume and a global user base that has helped it soar to unprecedented heights. But that does not mean Bitcoin is the only digital asset with growth potential. All cryptocurrencies other than Bitcoin are known as altcoins, and there is a good number of altcoins with high trading volumes, advanced network architectures, and planned future roadmaps.
So let us dig a little deeper into the 4 altcoins to watch closely in July to make generous profits in the future.
Cardano (ADA)
Cardano (ADA) is known to be a third-gen blockchain that is available to the overall population alongside being a dApp advancement platform. Third-gen cryptocurrencies take in examples from first and second-gen digital assets and enhance upon their constraints.
Cardano uses new advancements done throughout the years including, security, sustainability, and multiple layer architectures, to develop versatility. Cardano is said to be the first blockchain platform to have acquired worldwide media consideration by including a companion investigated research plan into its core standards.
Its proof-of-stake architecture is less harmful to the environment than Ethereum (ETH), and its founders have claimed that their mission is to give the world a platform for “change-makers, innovators, and visionaries,” and to bring positive global change.
One of ADA’s missions was to plant one million trees, which they accomplished earlier. ADA has previously been high in the rankings and, due to its long-term business outlook, is expected to become even greater, making ADA one of the top cryptocurrencies as important as Bitcoin.
Cardano endeavors to acquaint norms into the market with empower interoperability across networks. These frameworks incorporate blockchain administration models, framework upgrade protocols, and capabilities. At present, the platform has principles for overseeing privacy, security, and decentralization.
ADA earlier printed an all-time high of more than $3, and the project has the potential to reach or surpass this price point in 2022, making it one of the top 4 altcoins to watch closely in July.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Binance Coin (BNB)
It comes as no surprise that Binance Coin (BNB) had an exceptional 2021, recording massive price gains. First and foremost, Binance Coin gets much of its value by operating as a discount token on the Binance trading platform, where traders can get a discount on trading fees when they use the coin.
But what made BNB stand out in 2021 is the Binance Smart Chain (BSC). A new chain launched by Binance in late 2020 for smart contracts also uses BNB as fuel. In February 2021, Binance Coin dramatically rose in value as many devs jumped ship from Ethereum because of historically high gas fees and moved to the BSC because its gas fees are less volatile.
If there is another significant bull run this year and the crypto becomes one of the top cryptos to explode in 2022, holding BNB could pay off massively, making it one of the top 4 altcoins to watch closely in July.
Today, the BSC is one of the largest platforms for DeFi projects, ahead of Bitcoin and second to Ethereum. As the DeFi market continues to grow, BNB usage could grow too.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Chainlink (LINK)
Chainlink is an industry-standard oracle network that connects smart contracts with real-world data. Bridging the gap, the protocol expands the capabilities of smart contracts by enabling access to payments, events, and much more. Moreover, it does this without compromising the network security and reliability.
In 2017, Chainlink hosted an ICO that was, at the time, one of the largest events to take place. The network has been in the spotlight ever since. In total, the crowdfunding event netted the platform a respectable sum of $32 million. This funding has helped Chainlink push the boundaries of oracle reliability and security to new heights.
Chainlink's native token LINK is one of the hottest coins in the market. LINK is an ERC-20 token secured by the Proof-of-Stake (PoS) consensus mechanism. Experts believe LINK is one of the 4 altcoins to watch closely in July, so consider investing in LINK to become a part of the growing Chainlink ecosystem.
Notably, the platform has also recently released its roadmap toward Chainlink 2.0. The plan is to introduce staking rewards on the ecosystem, adding another layer of security and also benefiting LINK holders.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum (ETH)
Ethereum is a cryptocurrency that needs no introduction. It is the second-largest cryptocurrency by market cap. It is both a blockchain platform and a cryptocurrency. Like BTC, ETH can be used as a store of value. Additionally, Ethereum has also emerged as one of the best platforms for decentralized apps (dApps). It has become a developer favourite because it supports applications such as smart contracts, which automatically execute a function when specific conditions are met.
One of the most anticipated events among crypto investors is the launch of Ethereum 2.0, now referred to internally as ‘The Merge,’ which will shift the network from proof-of-work to proof-of-stake (which is more energy efficient).
Ethereum is in the process of this upgrade. The Merge is expected to result in improved scalability, security, and sustainability of the network, according to the Ethereum website.
Additionally, behemoths like JPMorgan, Amazon, and Microsoft Azure have also embraced Ethereum’s blockchain technology, making it one of the top 4 altcoins to watch in July 2022 and beyond.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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The 5 Best Ways To Buy Chainlink (LINK)
Top 10 Best Penny Altcoins To Buy And Hold