What Is The Next Big Cryptocurrency To Explode In 2022?
Cryptocurrencies are exploding in prices and popularity. Some cryptos are already making new highs, and Bitcoin, the number one crypto asset, has reached all-time highs in 2021.
Considering that Bitcoin went from a little over $8000 in early 2020 to highs of $66k in November 2021, it’s time to start looking for the next big crypto winners.
7 Cryptocurrencies To Keep An Eye On This Year
Many investors are wondering about the next cryptocurrency to explode in 2022. In a market with over 12000 cryptocurrencies and new ones coming up every day, it is only natural to wonder which ones can win this time around? Which cryptocurrencies have the potential to outperform the market in 2022 and beyond?
Here are some of the best cryptocurrencies to explode in 2021 and beyond.
Solana is no doubt one of the top crypto performers In 2021. It is up 40X and doesn’t seem to be easing up.
However, just because it has rallied so hard doesn’t mean that Solana has hit its peak for the year. If its fundamentals are anything to go by, then Solana is just getting started.
Solana’s rally is a mix of hype and strong fundamentals. The hype factor to it is with regards to the possible introduction of a token burn feature.
The excitement around a token burn is due to its impact on the demand and supply of SOL. Due to the fast-growing adoption of Solana, tinkering with the supply could easily see it test $1000 or more per token.
It is expected that the token burn could happen anytime between now and October 8th. This means FOMO is likely to remain high all through this period. If its price action in the past week is anything to go by, it would not be surprising if Solana trades at over $500 before October.
However, it is not just news of a potential token burn that gives this crypto massive upside potential for the remainder of 2021. Its core fundamentals are solid too
Solana’s biggest strengths are scalability and affordability. This blockchain has the capacity to handle up to 50,000 transactions per second, and at the cost of less than $0.01 per transaction.
These features have made it incredibly attractive to those looking to build scalable DeFi solutions. Since this demand will only grow now that Solana has hit the limelight, the demand for SOL will keep growing in 2022 and beyond.
You can buy Solana today on eToro in a few easy steps.
At its current prices, just a few hundred dollars off its all-time highs, it is easy to think that Ethereum may not hold much prospects for the rest of the year.
However, Ethereum’s fundamentals paint a very different picture, and it could indeed emerge as a top performer in the remaining part of the year.
To understand why there is a lot of potential for Ethereum in 2022, one needs to look at the reasons behind its rise in the past month.
Ethereum is one of the cryptos that outperformed the market in August 2021, and it has a lot to do with the changes that were brought by the London fork on August 5th.
The London Fork was Ethereum’s 11th major upgrade since the project launched. It was geared towards making gas prices more predictable.
It did this by replacing the gas bidding system with an algorithm analyzing the overall demand and automatically setting the base gas price. To further disincentive bidding, the system introduced a coin burn, where Ether generated during transactions is destroyed instead of being given to miners as fees.
This essentially made Ethereum deflationary and guaranteed that as long as demand is growing, the price of ETH can only go up.
Ethereum being the most adopted platform blockchain means that Ethereum demand is always at its peak. This explains why the price has gained considerably faster than most other cryptos since this fork. This trend is unlikely to change in the remaining part of the year.
With Ethereum close to a complete transition to Eth2.0, demand is likely to keep rising, and $10k per ETH is possible within 2022.
One can buy Ethereum in a few easy-to-follow steps on eToro.
Anyone who bought Cardano at the beginning of the year is in massive profits today. Cardano has rallied by over 2000% in 2021 to become the 6th largest cryptocurrency by market cap.
Cardano’s massive rise in value has a lot to do with the anticipation that it will be enabling smart contracts capabilities on its mainnet on September 12th.
FOMO around this event kicked off in early August, and by the end of the month, Cardano was making new highs above $3.
Going into 2022, Cardano is likely to make new highs due to the demand that smart contracts create on this blockchain. It will draw in developers looking to create highly scalable DeFi projects and creatives looking to mint NFTs.
While smart contracts are nothing new and have been on Ethereum for years, Cardano brings several advantages that the market has been craving for years.
One of the essential features that Cardano is bringing to the market is scalability. The team behind Cardano may be slow in development, but they have come up with one of the most scalable platform blockchains in the market today.
While Ethereum can handle about 12 transactions per second on-chain, Cardano can handle 200. Off-chain, through layer-2 solutions like hydra, Cardano can handle up to a million transactions per second.
Such a high level of scalability means Cardano can handle everything from complex decentralized games to heavy-use DeFi projects without a strain on the network.
These advantages are likely to create a huge appetite for this blockchain, and by extension, for ADA. It opens the way for exponential gains going forward, way beyond its most recent highs.
One can buy Cardano on eToro now before it explodes in value.
Dogecoin emerged as one of the top crypto performers in the bull cycle that ended in April 2021. It went from a joke coin to record gains of over 12,000%.
However, it is yet to make any significant recovery from the lows it hit in May-June. This is not a unique issue with Dogecoin, though. Save for a few cryptos, mostly platform blockchains, most cryptos are yet to retest their April highs. Even Bitcoin is yet to get back.
Going into 2022, Dogecoin can retest its all-time highs and possibly make new ones.
The trigger to this will most likely be FOMO, just like in its last hype rally in Q1 of 2021. While in Q1, Dogecoin rallied on the strength of Elon Musk’s tweets alone, this time around, it’s a lunar event that will drive it.
A while back, Elon Musk said he was looking to put a literal Dogecoin on the moon. It turns out it was not a metaphor.
SpaceX and Geometric Energy are working on a moon mission that is funded in Dogecoin. The mission named Doge-1 is geared towards understanding the applicability of cryptocurrencies in interplanetary commerce.
While the actual date of the mission has not yet been stated, it is expected to take place in Q1 of 2022.
Essentially, this means that Dogecoin will be at the center of media attention in the next 4 to 7 months.
In 2022 Dogecoin is likely to see an increase in buying activity as investors take a position ahead of this event. This could see its price rally significantly towards the end of this year.
Dogecoin is available on eToro and a host of other top exchanges.
Chainlink was one of the top performers in the last Bull Run. It went from lows of under $5 in 2020 to over $50 at the height of the crypto bull market in April 2021.
While it went into a strong correction, it has since made a strong rebound and is currently trading close to $35.
Going forward, Chainlink has the potential to retest its all-time highs and make new ones within 2022.
Chainlink’s potential stems from the fact that it is dominant in its target market, and that’s huge. Bitcoin is the dominant crypto overall, Ethereum is the dominant platform blockchain, and Chainlink is the dominant decentralized oracles cryptocurrency.
Chainlink has over 60% of the market in the decentralized oracles space, and its dominance is growing.
The growth of Chainlink’s dominance is evident in the kind of projects that are integrating it. Recently, it was integrated on Solana, which means DeFi developers can use Chainlink for their price feeds.
This is a big deal considering that Solana is one of the fastest-growing platform blockchains in the market today.
Chainlink’s success and huge potential for value appreciation come from its reliability. It’s so reliable that projects have shifted from other decentralized data providers and started using Chainlink.
On top of that, Chainlink is continuously innovating to offer decentralized data even more efficiently. For instance, it recently introduced hybrid smart contracts. This will help the project scale more efficiently long term to serve the growing market for decentralized data oracles.
This is likely to add to the adoption levels, demand pressure for Chainlink going into the future, and play into its price dynamics.
For anyone looking to buy Chainlink today, it is available on multiple top exchanges, including eToro.
6. Shiba Inu
Hype is a big deal in the crypto market, and Shiba Inu has it. While its price has dropped significantly since October 2021, Shiba Inu is one of the most searched for cryptocurrencies on social media and search engines.
The reason is its large, and vibrant community that is always making sure that Shiba Inu stands out in a crowded market of over 6000 coins and tokens.
This community makes SHIB a worthy crypto buy now and hold for 2022.
That’s because the prices of meme coins tend to gain traction as the broader market starts to gain bullish momentum.
For such investors, low-cost coins like Shiba Inu offer a perfect alternative for exponential gains without having to commit 10s of thousands of dollars.
Besides support from the broader market, Shiba Inu is making much progress in technology development and adoption.
These are factors that add to investor confidence in this crypto. Check out eToro to buy Shiba Inu in a few easy-to-follow steps.
7. Axie Infinity
Axie Infinity is one of the best crypto performers in 2021. Even during the market lows of May/June, Axie was relatively stable.
Axie crypto’s success comes from the fact that it is applying blockchain technology in one of the most in-demand markets in the world, and that’s gaming.
With Axie Infinity decentralized gaming, players get to win tokens that can be exchanged for real value in the market. This has played a huge role in driving up its demand.
At the same time, the demand for NFTs is on the rise globally. Given that it is one of the biggest platforms for NFT-based games, Axie will continue to benefit from an upsurge in demand for NFTs all through 2022.
Besides being in a fast-growing market, Axie Infinity is set to benefit from the growing bullish momentum in the broader crypto market.
With upside momentum on the rise, the demand for gaming NFT platforms will only grow. Its price action at the moment is already pointing to its potential rally in 2022 and beyond.
To trade in Axie Infinity, one can easily buy and sell it on eToro, among other top exchanges.
Where To Buy And Sell: Popular Cryptocurrency Exchanges
Exchanges offer a platform for investors to buy and sell cryptocurrencies. Below are some of the best cryptocurrency exchanges in 2021:
eToro is one of the best exchanges to buy crypto today. The exchange has over 13 million users worldwide. E-Toro gives users several advantages, including low commissions and free 1 million EURO/AUD/GBP insurance.
Coinbase is one of the largest and most popular exchanges out there. It has over 56 million users worldwide. Coinbase is loved for its crypto variety and security. It was recently listed on the NASDAQ.
Kraken is another top cryptocurrency exchange that has over 7 million clients. This exchange has an app, which makes it pretty easy to use. Its daily volumes are on the rise too and rose 6X between January and May.
4. Binance U.S
Binance U.S is a spin-off of Binance, the world’s largest exchange by volume. It has several exciting features, such as low fees and highly advanced trading fees. Its only disadvantage is that it is not available in some states.
eToro – The Best Platform to Buy Cryptocurrencies
eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.
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