What is the next cryptocurrency to explode? Well, if you are asking this question, you are not alone. There are many new altcoins and others that are growing in popularity again.
Cryptocurrency has come a long way since Bitcoin was first introduced in 2009. Over the past few years, we have seen a surge in new cryptocurrencies, and it looks like this is only the beginning.
Experts believe that we will see even more growth in the cryptocurrency market over the next few years. Some are predicting that 2022 will be the year of cryptocurrencies!
What is the Next Bitcoin?
Look – Bitcoin has made significant gains in the past year. It has even hit record highs of over $64,000 in the first half of 2021. At the time of writing this post, Bitcoin was trading at $42,184. This cryptocurrency is definitely not to be underestimated!
Bitcoin has become more popular with financial institutions and companies such as PayPal and Mastercard now accepting Bitcoin payments.
Other companies such as Tesla have also invested heavily in Bitcoin. As a result, this cryptocurrency has become more popular than ever before. It seems the world is slowly but surely moving towards accepting digital currencies as a legitimate form of payment.
One of the biggest problems with Bitcoin is the fact that investing in it is quite expensive. This is mainly because Bitcoin does not have a fixed supply and there are only 21 million Bitcoins in circulation. As a result, the price of this cryptocurrency has gone up significantly over the years making it out of reach for most people who want to invest in digital currencies but don’t have thousands of dollars to spare.
Since it can be challenging to invest in Bitcoin, some of the questions lingering in your mind right now include what is the next Bitcoin? Which is the next altcoin to explode? Well, read on to find comprehensive answers to these questions.
Which Cryptocurrency Is Set To Explode?
What is the next cryptocurrency to explode? Below is a comprehensive list of some of the most promising cryptocurrencies to watch in 2022.
Ethereum is, without a doubt, the next coin to explode. Being the second-largest cryptocurrency by market cap, Ethereum is definitely one of the most promising coins out there. This cryptocurrency was first introduced in 2015 and has since seen a surge in popularity. What makes it different from Bitcoin as it allows for smart contracts to be executed on its network.
This feature has made Ethereum very popular with developers who are looking to build decentralized applications (dApps). Over the past few years, we have seen a number of successful dApps being built on the Ethereum network, including CryptoKitties and MakerDAO.
The price of Ethereum has been steadily increasing over the past year and it looks like this trend will continue into 2022. At the time of writing this post, Ethereum was trading at $2875. This price is expected to go up significantly in the coming months. If you’re considering investing in Ethereum, you can find our list of the best ETH wallets here.
Solana is another promising cryptocurrency to watch in the next few months. Launched in 2019, Solana is a high-performance blockchain that aims to solve some of the problems facing existing blockchains such as Bitcoin and Ethereum.
Some of its main features include Proof of History (PoH) which enables its network to run fast even when it has millions of nodes. With PoH, users can trade assets at near-instant speeds with no transaction fees! This makes Solana one of the most promising cryptocurrencies out there right now!
At present, approximately 60 million transactions are taking place on this platform every day. This makes it a good choice for investors looking for altcoins that have proven use cases already. The price per SOL token has been steadily increasing over the past few months and is expected to continue this trend into 2022.
Cardano (ADA) is a proof-of-stake blockchain that was developed in 2015 and launched in 2017.
This cryptocurrency was created by Charles Hoskinson and Jeremy Wood, who also founded Ethereum. Cardano aims to solve the problems facing other blockchains such as Bitcoin by providing smart contracts with more functionality than what they currently offer.
The price of ADA has steadily increased over the past few months and it looks like this trend will continue into 2022. The current price stands at $1.03, which means that there is a lot of potential for growth before the end of the year.
Mana (MANA) is a cryptocurrency that was created in 2017. This coin aims to provide users with an easy way to purchase virtual land in the Decentraland Metaverse, which is similar to how Ethereum allows developers to build dApps using smart contracts.
What makes Mana different from other cryptocurrencies is that it uses a dual-token system. The first token, MANA, is used to purchase land in the Decentraland metaverse. The second token, KMD, is used to pay for goods and services inside of Decentraland, including for NFTs.
At present, there are only a few places where you can use Mana (MANA) to purchase virtual land. However, this number is expected to grow significantly in the next few years as Decentraland becomes more popular. The price of MANA has been steadily increasing over the past few months and is expected to soar even higher in the coming days. Therefore, this could be the perfect time to invest.
Ripple (XRP) is a cryptocurrency that was launched in 2012. Since then it has grown into one of the most popular altcoins out there. It is currently the sixth-largest cryptocurrency by market capitalization behind Ethereum and Bitcoin.
Ripple (XRP) aims to provide a fast, reliable, and cheap way for banks to send money around the world using its blockchain technology. What makes Ripple (XRP) different from other cryptocurrencies is that it doesn’t use proof-of-work as most coins do. Instead, Ripple uses an algorithm called “consensus” which requires all validators in the network to agree on a transaction before adding it to their ledger.
The main reason why this crypto could explode in 2022 is that it has partnered with over 100 banks and financial institutions around the world. These partnerships are a clear sign that Ripple (XRP) is here to stay! Therefore, if you are considering investing in altcoins, Ripple (XRP) should definitely be on your list!
We cannot answer the question of what will be the next Bitcoin without mentioning Cronos. This cryptocurrency is a token that was launched in 2018 by a company of the same name. Cronos’ main aim is to significantly scale the Chain DeFi ecosystem by offering developers an easy-to-use platform on which to build their applications.
This crypto runs on the Proof of Authority (PoA) consensus algorithm, which means that it has a fixed number of validators who are responsible for approving transactions. These validators do not require any mining hardware or energy costs, making Cronos an environmentally-friendly cryptocurrency.
Cronos’ network is Interoperable, scalable, and gas-efficient. These features make it an excellent choice for developers who want to build applications on top of the Chain DeFi ecosystem without having to manage their own infrastructure or pay expensive fees.
If you are looking for the next Bitcoin, Cronos (CRO) could be it!
This Ethereum-based metaverse and gaming ecosystem is a creation of Pixowl, which was founded in 2011. The Sandbox aims to connect creators and gamers from all around the world through its blockchain technology.
This community-driven virtual world allows users to create, own and trade virtual assets using their SAND tokens. These digital goods can then be used in any game that is based on The Sandbox ecosystem.
The Sandbox has a lot of potential for growth because it will allow gamers to earn money from gaming by monetizing their creations as non-fungible tokens (NFTs). In addition, this crypto project also has an active community behind it with thousands of registered users already. It is one of the top 10 most used crypto coins in the Metaverse for a reason.
Therefore if you are looking for what could be the next Bitcoin – Sandbox should be at the helm of your priority list.
Polygon is regarded as one of the most ambitious crypto projects in history. Its goal is to become the internet’s first fully-decentralized computing platform.
Polygon (MATIC) provides a framework for building decentralized applications on Ethereum and other blockchains in order to solve scalability issues that have plagued smart contract networks since their inception. It aims at providing developers with an easy-to-use development environment built around their favorite programming languages and toolsets while still remaining flexible enough. It runs on Plasma and uses sidechains for faster transactions at lower costs than other networks.
Polygon (MATIC) is one of the most promising cryptos out there today! It has a strong community backing, as well as partnerships with some major companies. It is highly scalable and boasts transaction speeds of up to 72,000 transactions per second (TPS).
The most exciting thing about Polygon is that it offers cross-chain interoperability between different blockchains, including Ethereum and Bitcoin. This means users can transfer assets from one chain to another without having to go through any intermediaries like exchanges or wallets.
If you are looking for a new altcoin with very high potential then Polygon could be the right choice for you!
This is an Ethereum-based cryptocurrency that propels Gala Games. It is a revolutionary blockchain gaming platform that provides players with a secure and fun way to play games on the Ethereum network without any middlemen or centralized servers involved.
You can also earn Gala tokens while playing these games by completing tasks such as leveling up in your favorite game, collecting rare items from bosses, beating mini-games etcetera! The GALA coin has been designed for use within online gaming platforms only where its value will continue growing exponentially over time because more people join this ecosystem every day.
With a market cap of over $2.5 billion, GALA is among the top 50 largest cryptocurrencies. It has recently introduced land and revenue sales where players can purchase plots of land in order to build their own virtual worlds. This is a very exciting new concept that could potentially revolutionize the gaming industry as we know it!
To close our list of the next crypto coins to explode in 2022, we have to mention Dogecoin. The DOGE coin has been around for a long time now and it continues growing at an exponential rate. This altcoin was created by Billy Markus from Portland, Oregon, and Jackson Palmer who wanted to create their own version of Bitcoin but with more fun features like meme pictures instead of just numbers and letters.
The purpose behind creating DOGE was to make a more accessible and user-friendly cryptocurrency that could be used for everyday transactions. And it seems to be working because Dogecoin is currently one of the most popular cryptocurrencies in the world with a market cap of over $19 billion.
If you are looking for a solid and long-standing altcoin in 2022, then Dogecoin should definitely be on your radar.
We hope you enjoyed this article on the next cryptocurrency to explode in 2022. These are just a few of the many amazing coins that are sure to see huge growth in the coming years.
Remember, it doesn’t hurt to invest in more than one coin so make sure you spread your risk.
Once you purchase the cryptocurrencies of your choice, make sure you store them in a safe, secure, and reliable wallet such as Tezro. Download it now and keep your assets safe.