The crypto market is ready for another bull run, and these coins are the best bets for you to generate profitable returns.
2021 was a prolific year for cryptocurrencies, keeping aside the May crash, with digital currencies hitting all-time highs. Although 2022 has been rough for the most part, investors are fairly assured that matters should turn around soon, especially on the verge of many important upgrades.
The crypto winter is cooling off, and this bull run marks the beginning of greater things for the crypto market. One key reason is with greater adoption by institutions, countries, and investors alike, crypto is slowly becoming a part of the mainstream. Against this backdrop, let's see the top 5 cryptocurrencies that are on the verge of a bullish breakout in 2022.
1. Solana (SOL)
Solana’s rapidly growing ecosystem shows that SOL is certainly set for a bullish breakout in 2022.
The Solana network is known for its low-cost transactions and extremely fast and speedy transactions. SOL, the native token of the Solana ecosystem, powers the entire network and has been snatched up by crypto whales over the years. Although it was trapped in the recent bear market, SOL is slowly regaining its bullish rally in the latter half of 2022, as the network has plans to collaborate with many interesting projects in the future.
The Solana ecosystem hosts a variety of dApps ranging from DeFi solutions and DEXs to NFTs. With Solanart, it has also registered its mark in the NFT marketplace. The crypto has numerous developments in the pipeline, and Solana Web3 mobile phone is one of the major developments to watch.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
2. Ethereum (ETH)
The upcoming ETH Merge has placed Etheruem in the top 5 cryptos on the verge of a bullish breakout.
Unlike Bitcoin, Ethereum has the power to execute program code and trigger transactions based on changing market conditions and numerous other inputs. The network’s smart contracts form the basis of innovative new products and services like NFTs, DeFi applications, and blockchain-powered games.
The rising interest from institutional investors pushed the price of ETH to hit an all-time of $4,850 in November 2021. Unfortunately, it has not been able to reclaim this level so far. Amid a wider slump in cryptocurrency markets, this year has been an especially rough year for Ethereum. However, ETH has been experiencing a slight upward momentum for the past few days due to the enthusiasm surrounding its upcoming Merge.
Experts predict that ETH is on the verge of a bullish breakout as Ethereum’s long-awaited transition to the Proof-of-Stake (PoS) consensus is touted as the biggest event in the cryptocurrency markets.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
3. Cardano (ADA)
ADA bulls are eyeing a big breakout with the upcoming upgrades on the network.
Cardano aims to target the future market for smart contracts and dApps, which will be further applied in real-life scenarios such as online shopping. ADA seems to have doubled its growth and development during the recent bear market. One key reason that has placed it on the verge of a bullish outbreak is the upcoming major blockchain upgrades.
Cardano is expected to implement its much-anticipated Vasil hard fork upgrade by the end of the year, which will substantially improve the network’s scalability. In addition, Input-Output Hong Kong, the team behind the ADA, recently revealed that the network has successfully rolled out node 1.35.0, which marked a major milestone for its mainnet Vasil upgrade.
Its layer-2 Hydra will be launched later this year. It aims to scale the wider Cardano blockchain by reducing latency and increasing throughput. If ADA wants to revisit its September all-time high of $3.10, Hydra looks like it. The crypto is on the verge of a bullish breakout due to the launch of its first DeFi exchange SundaeSwap and its first metaverse gaming application Pavia.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
4. Flux (FLUX)
Thanks to multiple upcoming upgrades in the network, FLUX is on the verge of a bullish breakout in 2022.
The proposed goal of the Flux network is to become the backbone of projects and technologies that build the essential parts of Web3. This cross-chain oracle and smart contracts platform are touted as the Amazon web services (AWS) of blockchain. The Flux ecosystem includes a slew of decentralized computing services and blockchain-as-a-service solutions that aims to offer an interoperable, decentralized, AWS-like development environment.
The price of FLUX has been on an upward trajectory lately, with the network garnering the attention of thousands of investors. Moreover, with Web 3.0 slowly becoming a reality, cryptos like FLUX will certainly begin their bullish rally shortly, making them a good buy now.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
5. Polkadot (DOT)
Polkadot’s strong fundamentals have significantly bolstered the price of DOT to new levels.
Thanks to its unique utilities and parachains capabilities, Polkadot has marked its place in the list of the top 5 cryptos that are on the verge of a bullish breakout. In addition, the blockchain facilitates the transfer of information between blockchains, making it an ideal network for institutions that would want to leverage the benefits of interoperability.
The network has also maintained strong development activities and onboarding new projects through parachain auctions is an example of this. In addition, experts believe that the price of DOT would hit new all-time highs in 2023 with the release of its Consortia relay chain, which would accelerate Polkadot’s growth.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Several blockchain projects have healthy long-term potential that tends to attract a lot of investors. So if you are looking for the next big thing in the digital assets market, these are the top 5 cryptos that are on the verge of a bullish breakout in 2022.
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