Several cryptos are skyrocketing in price today, and here are the best three among them.
Even though 2022 has been a rough year for cryptocurrencies, web3 tech and its advancements have kept the industry flame burning. However, it is still quite hard to predict which crypto will perform well in the future. Therefore, if you are searching for the next crypto that is expected to explode, we have narrowed down the list to Uniswap, Binance, and Ethereum.
Uniswap (UNI)
Uniswap is often known as the DeFi king, making UNI a must-buy crypto.
Decentralized crypto exchanges are growing at an exponential rate today, and Uniswap is one of the exchanges that has gained massive popularity both as an exchange and a token. Its native token UNI can potentially be the next crypto to explode, primarily due to the strong community support. Furthermore, the Uniswap exchange also offers user-friendly operations, facilitates user control over their private keys, lowers fees, and offers high liquidity. Additionally, the implemented incentive system in the smart contract that maps exchanges is yet another reason for its rising popularity.
Uniswap is also highly dynamic as it constantly upgrades its systems to suit investor needs. The launch of Uniswap V3, the multi-chain available on both Ethereum and Binance Smart Chain, is a prime example. UNI is also added to the crypto product offering list by eToro, making it eToro's first token in the decentralized trading infrastructure and adding to its popularity. Finally, once Ethereum completes The Merge and moves entirely to a PoS network, Uniswap will experience even more activity. Hence, we agree with experts who are expecting UNI to be the next crypto to explode.
Binance Coin (BNB)
BNB serves as the lynchpin of the Binance ecosystem, skyrocketing the token’s demand.
If you are searching for the next crypto expected to explode this year, we recommend BNB. The token’s popularity has been amplified by its association with the largest and most liquid exchange in the world, the Binance exchange.
However, BNB is more than just Binance. One of the main attractions of BNB is its ability to unlock discounted trading fees. The crypto also has a starring role in the Binance Smart Chain (BSC), which is competing to become a rival to Ethereum. Binance coins are also the utility tokens for the Binance chain network.
The token has its own rapidly growing ecosystem with BSC. The ecosystem includes functionalities like Binance Chain, Binance Smart Chain, Binance Academy, Trust Waller, and Research Projects that leverage the power of blockchain and intend to bring new-age finance to the world. Thus the BNB is likely to be the next crypto to explode as it is an integral part of the functioning of many of the projects in the Binance Chain ecosystem.
Moreover, Binance and the BSC are constantly increasing use cases for the BNB tokens. From transaction fees to staking on DeFi platforms, the utilities of BNB tokens are countless. Also, the exchange is constantly burning excess Binance coins, eventually increasing the demand and boosting the token’s price.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum (ETH)
Ethereum has the best long-term investment thesis.
Ethereum is the largest smart contract platform that houses the most extensive pool of emerging crypto technologies ranging from DeFi, and NFTs, to meme coins and even dApp technologies. As a result, it enjoys the first-mover advantage as it is the first major project to introduce smart contracts, permitting developers to launch desktop and mobile dApps on blockchain technology.
The crypto has established itself as a hub at the centre of web3 creativity and venture capital funding. ETH could be the answer to your search for the next crypto expected to explode as most projects rely on it, granting the public blockchain access to a larger audience of users, currency, nodes, and markets.
Apart from this, while going through the multiple stages of development and evolution strategies, Ethereum has always been consistent with its plans and products and has consistently upgraded the protocol to guarantee improved usability, security, functionality, and decentralization.
Lately, to make itself more competitive, the development team is working towards the complete launch of PoS network. ETH is expected to explode as the upgrade would make the network faster and more secure while drastically reducing gas fees.
The Merge is one more step closer and will attract more investors, traders, and users in the future. It has been successfully implemented on the penultimate Sepolia testnet and the PoW execution layer has successfully merged with Beacon Chain PoS. Since the testnet was one of the last testnets which went successfully, ETH developers are all set to launch the mainnet soon by the end of 2022, making ETH a must-buy now.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
In the current recessionary phase of world economies, fiat currencies are losing their sheen and cryptocurrencies are gaining momentum. With that in mind, Uniswap (UNI), Binance (BNB), and Ethereum (ETH) are the best buys if you are searching for the next crypto expected to explode in 2022.
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