5 Next Cryptocurrencies To Explode – June 2022 Week 2

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Last Updated June 9th 2022
6 Min Read

Consider investing in these 5 promising cryptocurrencies that are likely to explode in value very soon. 

Cryptocurrencies are the hottest investment option in today’s technology-driven world. Since the first cryptocurrency, the cryptocurrency market has grown by leaps and bounds. As cryptocurrencies continue to gain traction, more and more options become available. 

From Bitcoin and Ethereum to Dogecoin and Tether,  there are over 10,000 cryptocurrencies currently available for investments or trading. So, picking the best cryptocurrency options can be extremely difficult, especially if you are a beginner. To make things easier, here is a list of the next 5 cryptocurrencies to explode - June 2022, week 2.

 

Bitcoin (BTC) 

The original cryptocurrency, Bitcoin was first mooted in 2008 by an anonymous entity, using the pseudonym Satoshi Nakamoto. Its invention was a breakthrough in cryptography.

As with most cryptocurrencies, Bitcoin runs on a blockchain - a piece of software that acts as a digital ledger that logs transactions distributed across a network comprising thousands of computers. Because additions to the distributed ledger must be verified by solving a cryptographic puzzle (a process known as proof of work), Bitcoin is kept secure from fraudsters. 

Bitcoin has the highest liquidity in the space, making it the best cryptocurrency to buy for beginners. Despite its volatility, Bitcoin is known to be one of the most stable cryptocurrencies. It would require a lot of capital for someone to manipulate the price, making BTC one of the 5 cryptocurrencies to explode in June 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.

Cardano (ADA) 

Due to its large market gains and its energy-efficient process, which is seen as far eco-friendlier than Bitcoin, Cardano (ADA) has attracted a wide range of investors. Cardano is a popular, fast-growing blockchain technology that stands for secure and sustainable blockchain with ground-breaking use cases. The project can redistribute power from unaccountable structures to the margins.

Its native cryptocurrency ADA has recently acquired expanded attention as one of many proof-of-stake blockchains under construction in the crypto environment.

The Cardano project defines its protocol as a blockchain of the third generation intended to enable intelligent contracts with future applications of quality control and governance of the supply chain.

Investing in Cardano in 2022 is a wise choice because it is a very open and inviting environment that works the same for all. There are no barriers when it comes to trading and initially entering. Go ahead and invest in ADA, one of the next 5 cryptocurrencies to explode in June 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.

Theta Network (THETA)

Theta is a decentralized blockchain network built for video streaming. As a peer-to-peer network, Theta aims to facilitate video delivery for users with enterprise validator nodes from Sony, Google, Samsung, and other companies.

Theta solves the problem of delivering video to certain parts of the world by reducing its costs. The platform believes it is crucial to provide high-quality streaming for everyone.

Users are rewarded with the Theta Fuel token (TFUEL) when they share their bandwidth and computing resources. THETA is linked to the governance of the platform. Another benefit of Theta is that it is an open-source platform, allowing innovation from the community. The network uses proof of stake and multi-level Byzantine fault tolerance (BFT) to secure it. THETA is one of the top Web 3 cryptocurrencies and one of the best worthwhile investments. 

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

Chainlink (LINK) 

Chainlink has been a project to watch for years. The program first entered the market in 2014 under the name SmartContract.com. Shortly after its launch, it was renamed Chainlink to represent the platform’s core market in a better way. Today, Chainlink helps bridge the growing gap between external data sources and public blockchains in new and exciting ways.

Chainlink is an industry-standard oracle network that connects smart contracts with real-world data. By bridging the gap, it 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.

Chainlink also provides complete transparency to its users by giving them access to monitor and verify its open-source code, the performance of its oracle networks, and the quality of individual node operators. Thus, it is not a single oracle network but a whole ecosystem with numerous decentralized oracle networks running in parallel.

Notably, Chainlink is one of the major players in the data processing field. It has strong partnerships with established firms and institutions in the market, making it a viable option for a long-term investment. Furthermore, as it provides the integration of off-chain data, Chainlink has also gained attention from several data providers like Brave New Coin, Alpha Vantage, and Huobi, making it one of the 5 cryptocurrencies to explode in June 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.

Neo (NEO) 

NEO is often known as the China-based Ethereum. Founded in China, NEO is a smart contract platform enabling developers to launch dApps on the blockchain. Neo is slightly more centralized than Ethereum. Instead of relying on hundreds of nodes like on Ethereum, there are only a few (less than 10) that make up NEOs' decision-making.

Smart contract platforms are targeting a vast market. Although Ethereum is currently the worldwide leader, China is a huge market, and NEO has a significant chance of leading out there. As a result, NEO is one of the best cryptocurrencies to buy if you want to hedge against Ethereum. 

Notably, Neo recently announced an EcoBoost program worth $200 million. It will distribute funding to projects building on Neo, helping the latter grow further. And because NEO is relatively undervalued, it makes the NEO one of the next 5 cryptocurrencies to explode in value.

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

Read More:

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