5 Cryptocurrencies To Explode 100x During The Santa Claus Rally In 2022

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Last Updated December 2nd 2022
5 Min Read

5 Cryptocurrencies To Explode 100x During The Santa Claus Rally In 2022 - Our Picks 

BNB - A crypto that is likely to rally in December 2022

DOGE - Best memecoin to invest in 

MATIC - One of the hottest cryptos to rally soon 

SOL - Diversify your portfolio with SOL 

AAVE - Consider buying AAVE, one of the top cryptos

 

A Closer Look At The 5 Cryptocurrencies to Explode 100x During The Santa Claus Rally In 2022

Binance Coin (BNB)

Binance Coin, or BNB, is the digital currency of the Binance exchange. The platform allows investors and traders to trade and pay fees using BNB. Initially, the coin operated on the ERC-20 standard within the Ethereum blockchain, but BNB is now known as the platform's native token. 

Since its humble launch in 2017, the coin has achieved much over the years. Despite the cryptocurrency winter of 2018, BNB has shown remarkable resilience within the altcoin market. Fast forward to 2022, the Binance coin still creates massive interest among crypto enthusiasts. Just last year alone, the coin roughly gained around 1,344%, which was much higher than Ethereum or Bitcoin. 

BNB's future largely depends on the expansion of the Binance Exchange platform. And looking at the current scenario of the platform, the coin’s future seems quite positive, which can potentially lead to new highs. 

Hence, many crypto analysts predict BNB's price to cross the $600 mark in 2023, making it one of the top 5 cryptocurrencies to explode 100x during the Santa Claus rally in 2022 and beyond.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Dogecoin (DOGE) 

Initially marketed as a parody crypto, Dogecoin is perhaps the only crypto to have tremendously outgrown the founders' original idea. The crypto has now become one of the top 20 cryptocurrencies and has carved a strong community among investors. 

Over the years, the community grew so much that it even gained the interest of tech mogul Elon Musk in 2020. This interest substantially catapulted Dogecoin’s unprecedented rally. The growing adoption serves as a base for its bright future. 

Since its 2013 launch, Dogecoin has been functioning quite nicely. In fact, over the past few years, it has developed into a few of the most prominent crypto markets on the whole cryptocurrency scene. 

Dogecoin was the fourth-most famous currency during the time when it achieved its all-time peak of about $0.70 in the midst of 2021. This was when the market’s stock prices were skyrocketing. This allows the crypto to grow more, leaving DOGE as one of the top 5 cryptocurrencies to explode 100x during the Santa Claus rally in 2022 and beyond.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Polygon (MATIC)

Polygon, a protocol & framework, is used by customers to link and build Ethereum-suitable blockchain networks. With an intention to aid in the multi-chain Ethereum environment, this substructure classifies viable Ethereum solutions.

The Ethereum asset controlling the Polygon Network is MATIC, a native Ethereum token by Polygon. To enable a swift and more affordable Ethereum payment transfer, Polygon offers the easy use of the Layer-2 sidechain, a cryptocurrency that synchronizes with the Ethereum main chain.

The rise in customers due to active wallets is one of the factors influencing the price of MATIC. Since all the payments on Ethereum platforms are usually prone to hefty gas costs, The Polygon network can be an alternative option for Ethereum users.

Polygon established its variety of the Ethereum Hard Fork, which would make the prices more predictable, subsequently creating MATIC disinflation in burning assets, thus, ultimately boosting the whole value of the token in December 2022.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Solana (SOL)

Solana was among the first blockchains to implement a proof-of-history (PoH) heuristic, which enables it to function rapidly while remaining stable and decentralized. This is in sharp contrast to several other well-known blockchains that operate on proof-of-work (PoW) or proof-of-stake (PoS) methodologies. 

Anatoly Yakovenko, the veteran software engineer of Qualcomm (QCOMM), and Greg Fitzgerald, a coworker, created Solana as a comprehensive platform that opened a new, high-performance, permissionless blockchain.

Solana includes several loan techniques, DeFi initiatives, NFT exchanges, Web3 applications, and decentralized market (DEX) resources. It also features Phantom, a Solana wallet designed for DeFi and NFTs. 

Solana & Ethereum complement one another nicely in mainly two areas identified: velocity and inexpensive trading costs. Due to the congestion caused by Ethereum's network design, which limits transactions to 15–30 seconds, gas prices are high. This is where Solana provides a better alternative to the community by offering trading capabilities for lower gas fees. As a result of its distinctive aspects, SOL could be one of the 5 cryptocurrencies to explode in 2023. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

AAVE (AAVE)

Aave is a straightforward financial market based on Ethereum wherein consumers can lend and borrow various digital valuables, such as altcoins and stablecoins. Aave (AAVE) is also a native cryptocurrency of the Aave forum, which is a decentralized finance (DeFi) network that permits its consumers to lend assets for the exchange of payments with interest and collect a variety of cryptocurrencies without the need for a middleman.

Aave is currently one of the top-earning DeFi ventures in the industry of cryptocurrency. This Stani-Kulechov-developed procedure is now the most widely known option for DeFi participants. On the Aave platform, a lending & borrowing feature is offered, much like most of the DeFi projects.

Lenders can deposit digital assets into distinctively designed liquidity pools where they can quickly gain interest. Borrowers are able to take this liquidity to obtain a quick loan with the help of their cryptocurrency as security. Holders on the AAVE platform get a break on platform costs, and it also functions as a governing token that permits them access to developing the protocol. Experts predict a rally of 100x in December 2022, making AAVE one of the best cryptocurrencies to buy now.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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