In this guide we provide a roundup of the top cryptocurrencies to invest in that have the potential to explode in the remaining of the year.
Digital assets, including cryptocurrencies, have seen enormous growth in recent years, exceeding a $3 trillion market capitalization last November. But since then, most cryptos, including the heavyweights like Bitcoin, have struggled to stay afloat. Yet, the interest in coins, and the blockchain technology behind them, is still strong.
In a market that has more than 21,000 cryptocurrencies, finding promising growth cryptocurrencies is no mean feat. Luckily, by following fundamentals instead of prices, you can increase the odds of choosing winners. So here are our experts’ picks for the best 5 cryptocurrencies that will go to the moon and beyond in 2022.
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Virtual currencies are highly volatile. Your capital is at risk.
Next Cryptocurrencies to Skyrocket in 2022 – Our Picks
- Decentraland – Metaverse crypto that will go to the moon in 2022
- Polygon – Layer 2 solution with massive upside potential
- XRP – Best crypto at a discounted price that is set to explode
- Cardano – Most undervalued coin to explode in 2022
- Solana – Smart contract platform that will go to the moon in 2022
A Closer Look At The Top 5 Cryptocurrencies That Will Skyrocket in 2022
Let’s take a closer look at these top crypto projects that have the potential to explode in 2022.
1. Decentraland
Our first crypto Decentraland (MANA) is a decentralized, immersive virtual reality platform powered by the Ethereum blockchain. It combines entertainment, gaming, and e-commerce elements, appealing to individuals and businesses alike.
Users can play games or create art galleries, concert halls, or other businesses. For instance, they can charge others to visit these venues. The platform also allows users to buy parcels of virtual space called LAND via non-fungible tokens (NFTs).
MANA is a new cryptocurrency that powers Decentraland. The token is used to buy LAND, avatars, wearables, and other in-game items on the platform. Meanwhile, Decentraland is regarded as the front-runner among the metaverse coins. The network has attracted prominent brands within its metaverse, including Coca-Cola, Samsung, and JP Morgan Chase.
MANA has gained over 150% over the past year and ranks among the top altcoins with a market capitalization of $1.2 billion. If you are looking to invest in one of the best cryptocurrencies that has the most upside potential to explode in 2022, consider MANA.
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Virtual currencies are highly volatile. Your capital is at risk.
2. Polygon
Next up on our list is Polygon (MATIC). It helps scale Ethereum by providing a side chain that connects to the Ethereum network. As a Layer 2 scaling solution, the network connects various blockchain projects that are not necessarily interoperable on Ethereum. It also allows for faster and cheaper transactions.
MATIC is the token that powers this layer-2 platform. Polygon uses its own Proof-of-Stake (PoS) blockchain and Commit Chain connectivity to help scale the Ethereum network. The aim is to resolve inefficiencies that may hinder the widespread adoption of blockchain technology.
Popular decentralized finance (DeFi) projects like SushiSwap, Curve, and Aave utilize Polygon. In addition, the network recently added a Polygon Zero feature. It uses zero-knowledge roll-up technology to port data across networks. Many also hail its low energy usage.
We expect the number of apps relying on the Polygon network to increase exponentially, making it one of the most potential cryptocurrencies that will skyrocket in 2022.
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Virtual currencies are highly volatile. Your capital is at risk.
3. XRP
The next digital asset on our list of the next cryptos to explode is Ripple (XRP). The platform provides real-time payments with extremely fast transactions. XRP is the native cryptocurrency used on the Ripple network to facilitate money transfers between various currencies. The platform is widely considered to be the most efficient settlement option for financial institutions for interbank flows.
As a result, XRP remains popular among both institutional and retail investors. It is, in fact, hailed as the new alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging network. Therefore, Ripple threatens to disrupt the international wire transfer business.
Despite the tailwinds for the platform, the lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) has restrained the crypto’s price throughout the past year. The legal case also prevents the trading of the altcoin on U.S.-based exchanges.
Nevertheless, many bullish investors still view Ripple as the future of international money wiring. They suggest that XRP-USD could easily reach the all-time high of over $4 if Ripple wins the SEC lawsuit, making it one of the top cryptocurrencies to keep your eyes on.
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Virtual currencies are highly volatile. Your capital is at risk.
4. Cardano
Cardano is one of the best altcoins with an exceptional development team. It is designed by expert academics using peer-reviewed literature. Cardano aims to carry out a range of complex transactions without the help of a middleman. This open-source blockchain network has an excellent array of prospects that solidifies ADA’s position as a top investment option in the market.
Cardano is a decentralized platform blockchain that has been under development since 2017. It has made tremendous progress since, and in 2021, it implemented smart contracts.
Cardano stands out for its Ouroboros Proof-of-Stake algorithm that has got it right on the blockchain trilemma of security, decentralization, and scalability.
With its technical capabilities improving, Cardano is likely to see adoption grow as a Launchpad for Dapps. This makes ADA one of the top 5 cryptocurrencies with a huge potential.
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Virtual currencies are highly volatile. Your capital is at risk.
5. Solana
Solana is another industry-favorite crypto project. It aims to enhance scalability and make DeFi more accessible on a larger scale by layering Proof-of-History consensus with the underlying Proof-of-Stake consensus. Additionally, the super-fast transaction times matched with a cheap fee make SOL a popular blockchain amongst the NFT communities.
These attributes also make Solana great for high throughput functions on the blockchain, such as music streaming, gaming, and high-frequency trading. Solana has excellent fundamentals, but the catalyst that drove SOL’s price to the moon in 2022 is an NFT project called the “Degenerate Ape Academy”.
Many decentralized applications like decentralized exchanges (DEXs) and lending platforms have already been built on Solana. In addition, the network hosts a variety of DeFi applications, NFT projects, and Web 3.0 applications. Undoubtedly, Solana still has a lot of growth potential, making this an excellent time to buy SOL.
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Virtual currencies are highly volatile. Your capital is at risk.
Conclusion
This article guide to the most popular cryptos to explode has explained the fundamentals of how these have the potential to grow in the rest of 2022 and beyond – in terms of the future potential and risks to consider. We’ve also offered an analysis of the best coins in the market today.
With that said, we found that in terms of upside potential, Decentraland and XRP are the overall best crypto to buy right now – delivering huge returns since launched. Analysts have estimated that both coins will look to continue their momentum in the near term.
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Virtual currencies are highly volatile. Your capital is at risk.