October 7, 2022 Breaking News, Latest News, and Videos

The 6 Go-To Cryptocurrency in 2022

Crypto markets have experienced massive corrections in the last two months or so. As of today, the global cryptocurrency market cap has shrunk to as low as $949 billion, from the $3 trillion high it reached in November 2021. Weak global cues amid aggravated inflation and interest rate hikes have led to a massive sell-off in crypto markets. Investors and traders are now skeptical about whether the crypto markets will bounce back again this year.

Crypto industry experts have different views on this question. While some experts believe that crypto markets will bounce back from the recent crash in the next few months, others think that investor vigilance will persist in the near-short term.

As inflation is going to persist for around two years, experts say that an imminent economic recession may continue to make crypto markets fragile.

After the numerous crypto investing success stories, now everybody wants to reproduce the same in their trades. Therefore, people are looking for the next cryptocurrency to explode in 2022. This article will try to answer that question and give you some of the best cryptocurrencies to invest in 2022.

But wait. How can you know which coin will most likely blow in a sea of 20000+ cryptocurrencies?

List of the 6 Cryptocurrencies that are Likely to Explode in 2022:

  1. Ethereum (ETH)
  2. Ripple (XRP)
  3. Solana (SOL) 
  4. Binance Coin (BNB)
  5. Decentraland (MANA)
  6. Uniswap (UNI)

Ethereum

Ethereum makes our list of the top cryptocurrencies to explode in 2022 mainly because of its blockchain technology’s sustainability and promising outlook. 

Today, Ethereum serves as the largest smart contract platform, and it also houses the largest pool of emerging crypto technologies such as DeFi, NFTs, meme coins, and even dApp technologies.

In 2021, Ethereum initiated a major upgrade that reduced the supply of ether, currently at 121.02 billion coins. The upgrade also enabled the Ethereum network to handle more transactions per second, improve the platform’s scalability and make transaction fees lower.

Being established and launched in 2015, Ethereum has survived the most volatile price drops to earn its earliest investors an ROI of a crazy 650000%. Throughout this period, it has proven its great resilience through its ability to recover quickly after even the most volatile market crash.

Ethereum is currently experiencing a major recession, losing over 50% of its value since the beginning of the year. However, some analysts claim that the low price offers a good buying opportunity for many investors who’ve been looking for the right time to step into the cryptocurrency market.

Ripple

Ripple also ranks high on our list of the top crypto to explode because of its stability. Despite the current legal battle and the negative press around, it has maintained an overall positive uptrend, with its ROI exceeding 7000%, which placed it among the top 10 most valuable cryptocurrencies. 

Investor interest in this altcoin hasn’t decreased. Moreover, its popularity has rocketed, and its community has grown steadily.

Ripple aims to make global payment services more efficient by improving the speeds of cross-border cash transfers while reducing transaction fees. Major banks have already adopted it in more than a dozen countries.

Solana 

Solana is currently one of the fastest-growing smart contract ecosystems. Even though it has been around for less than 2 years, Solana managed to make its way to the list of top 10 cryptos during this time. In addition, it has grown its market cap to $78 Billion with an ROI of 18000%+. 

Its blockchain network is also growing, which tells us that Solana is the altcoin you should watch and add to the list of next cryptocurrencies to explode in 2022.

Interestingly, if you had invested $100 in Solana when it launched in 2020 when it was trading at $0.78, you would have made over 410000% return.

Solana has made multiple partnerships with big brands with the level of developer activity on its network that is on the rise making it a part of the best cryptocurrency to invest in 2022. In the future, we expect all these to increase demand for SOL tokens, which will fuel its sustained value gain.

The main reasons for buying Solana are the high speed and low fees as well as its level of scalability. In addition, Solana is also used for non-fungible tokens (NFTs). 

According to Solana’s price prediction and forecast, the SOL coin is expected to increase by over 440% in 2022 and reach above $450 per token.

Binance Coin

Like Bitcoin, the Binance coin is another crypto that keeps a limit on the number of tokens in circulation. In this case, Binance offers its investors a limited number of 165,116,760 tokens. As a result, this aided the token price growth exponentially in 2021. Additionally, Binance puts about 1/5 of its profit each quarter into burning BNB tokens, which raises the value of the remaining tokens.

Binance is a resilient altcoin that adjusts quickly to the market, dipping when it crashes and forcing a bull run if it rallies. Also, it surpassed bitcoin and Ethereum last year and seems to do so this year, too. 

Binance coins can be used for investing, payment processing, and booking travel arrangements. But, it can also be exchanged for other forms of cryptocurrency assets, such as Ethereum or Bitcoin. BNB is also the digital token used to support the Binance Smart Chain, which is home to a range of undervalued crypto tokens.

Decentraland

Decentraland is one of the most favored and promising metaverse projects, ensuring we feature it on our list of the top cryptocurrencies to explode in 2022.

The Decentraland community is also growing fast, attracting a growing number of investors and off-chain brands. Then, they either actively build programs on the ecosystem or own virtual land here. These make Decentraland one of the most optimistic metaverse coins to purchase in 2022. In addition, it makes it a top feature on any crypto investor’s list of the next crypto to explode.

After the Ethereum upgrade, developments in Decentraland virtual lands and the addition of more play-to-earn games are expected to continue fuelling its already trending prices. 

MANA is the largest gaming crypto in terms of its market cap. According to some speculations, in the next 5 years, MANA can break above $20, making it one of the best crypto to buy on the market.

Uniswap 

Uniswap is typically referred to as the DeFi King, and it is the most famous and one of the biggest decentralized exchanges. It is built on the top of the Ethereum tokens and established its utility and governance UNI tokens in late 2020. 

Today, it has an ROI of more than 1000% with its popularity and community of followers are on the significant rise. Therefore, it can convince us that its token prices will sustain its current uptrend and make it stay on the list of top next cryptocurrencies to explode in 2022 among many investors.

There are three particular factors that make Uniswap one of the most promising crypto to invest in 2022. 

First is, of course, the growing awareness among the investors and traders about the need for anonymity and privacy.

Secondly, Uniswap is constantly upgrading its systems to suit investor needs. For instance, it operates the Uniswap V3, its multi-chain (available on both Ethereum and Binance Smart Chain). In addition, it will soon roll out on Ethereum’s Optimus, which is a layer 2 scaling protocol hosted on the Ethereum network. 

And thirdly, we expect more activity on Uniswap when Ethereum eventually rolls out the Ethereum 2.0 upgrade.

With that said, Uniswap has since expanded its business model by creating an online marketplace in conjunction with the NFTs and metaverse. Not only will this immerse the cryptos trading experience, but by offering its marketplace via the Uniswap network, buyers and sellers will be able to transact in a decentralized manner.

Conclusion

Cryptocurrencies and tokens launch daily, adding to the already extended volume of 20000+ coins in existence. As we mentioned, going through these whitepapers and reviews to find the best cryptocurrency and the best coin to invest in can overwhelm even the best of us.

This little article guide on top cryptocurrencies to invest in 2022 has explained the fundamentals of each project on the list in terms of the future potential and risks to consider before investing.

With that said, we found that in terms of upside potential, Ethereum, Solana, or Ripple are the overall best crypto to invest in right now.

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