What is the next cryptocurrency to explode and change my investment portfolio forever?
What crypto-assets can I buy right now in 2022 that will give me the best returns on my investments and change my life forever?
If you’re a little lost trying to find the next cryptocurrency to explode in 2022, you’ve come to the right place.
Bitcoin felt like a fad when it first started, but it took the world by surprise when it hit a historic high of $65,000 in 2021.
It certainly got people’s attention including mine, that all I now want to know is what is the next big thing? and what is the next cryptocurrency to explode in 3, 5, 10 years? so that I can invest in it right now.
Investing in cryptocurrencies currently is like gambling on which horse will win at the racetrack; there are a lot of risks involved.
However, if you know what you’re looking for, it’s easier to stay ahead of the curve and increase your chances of making a profit.
So, how do you know which ones will be worth investing in? You are probably asking: what’s the next cryptocurrency to explode in value?
The main goal of this article is to help you avoid costly mistakes and pick the right cryptocurrency to invest in for the future.
What are Cryptocurrencies?
Cryptocurrencies are digital currencies that use cryptography to secure transactions and control the creation of new currency units.
A cryptocurrency is similar to a foreign currency that you use in your home country (for example, U.S. dollars).
However, cryptocurrencies are decentralized, meaning they don’t have a central authority like banks or governments controlling them.
It is a system that allows users to transfer funds from one person to another through cryptography.
Cryptocurrencies are essentially built on blockchain technology. The blockchain is a public ledger of all transactions in a cryptocurrency network.
To issue new digital currency units, a blockchain network first needs to solve complex math problems.
The first cryptocurrency was Bitcoin, which was introduced in 2009. It’s the oldest of cryptocurrencies and is still the most popular.
While Bitcoin has been around for a while, it’s still considered a new form of currency and is subject to wild price swings. Other cryptocurrencies have appeared on the scene since Bitcoin’s inception.
While there are many different types of cryptocurrencies, they all serve a similar purpose: to provide an alternative form of payment for goods and services.
Next Cryptocurrency to Explode in 2022
The crypto market is still young, and there’s so much room for growth. There are thousands of coins out there. Many of them have the potential to become prominent in 2022 or beyond.
But which ones should you start looking into?
It’s hard to know which of these coins will be the next big thing. However, I have some suggestions.
Here are ten cryptocurrencies that could increase their value by ten times or even more in 2022.
1. Ethereum (ETH)
Ether (ETH) is the second-largest cryptocurrency by market cap after Bitcoin.
It is a well-known cryptocurrency launched in 2015. Its price has increased in the last year, outperforming Bitcoin by far. Ethereum is set for a massive increase in value in the coming years.
Ethereum is a cryptocurrency that many new investors may consider when entering the cryptocurrency world.
It can be used as a conduit for transferring value or as collateral to access credit. It has seen its fair share of ups and downs but overall has been on the rise.
Unlike Bitcoin, Ethereum has enormous scalability, privacy, and interoperability potential. If you missed out on Bitcoin, make sure to get in early on Ethereum.
Check out How to Buy Ethereum in Canada
2. Binance Coin (BNB)
Binance is one of the most popular cryptocurrency exchanges for selling, buying, and trading cryptocurrencies in Canada and most parts of the world.
BNB is the token that runs on the Binance blockchain, a passionate competitor to Ethereum. The biggest cryptocurrency exchange by trading volume is Binance.
Binance Coin (BNB) is one of the fastest-growing cryptocurrencies worldwide. The cryptocurrency can be traded on Binance against other cryptocurrencies.
It has consistently been among the top coins by market cap and recently had its value explode. You can expect this to continue as this is still a very young coin, and there’s quite a bit of room for growth at this point.
The coin looks suitable for investors. Reducing the supply through burning is also another positive thing for BNB investors.
Bitcoin is the world’s first cryptocurrency, not to mention it is most popular. While many consider it a “store of value,” Bitcoin has incredible utility and even possibilities for expansion.
Although many cryptocurrencies appear every year, Bitcoin is still the top dog. It’s highly proven itself as a valuable commodity in today’s financial marketplace and continues to gain both price and popularity.
Despite volatile price swings that you can only expect from any investment (especially cryptocurrency), Bitcoin promises a bright future in the years to come.
You’ve probably heard that Bitcoin is a volatile asset. While it has its ups and downs, savvy investors hold onto the digital currency for the long term. There’s a good chance of reaching $250,000 in 2022.
Consider taking a stake in Bitcoin in 2022. Although the short-term price of Bitcoin may remain volatile, you could see a massive return on investment if you take the plunge now.
Check out How to Buy Bitcoin in Canada
4. Tether (USDT)
Tether is the third-largest cryptocurrency with a market cap of $78.182 billion. The stablecoin, which is pegged to the U.S. dollar, has a 1-to-1 ratio for every U.S. dollar held in reserve by the startup behind it.
As such, investors often view it as a haven in an otherwise volatile crypto market where price swings can be massive and unpredictable.
Tether is designed to be less volatile than Bitcoin. Since its value is tied to the U.S. dollar, its value is less speculative than many other cryptocurrencies.
While it is true that the price of Tether can fluctuate based on supply and demand, its main selling point is that it always maintains a dollar peg.
Tether offers the advantage of allowing you to conduct transfers in traditional currencies instead of diving into complex digital currencies. If you’re looking for a stablecoin to hold for the long term, then Tether might be your best bet.
5. Decentraland (MANA)
Decentraland is a first-of-its-kind virtual reality platform powered by the Ethereum blockchain. Users can create, experience, and monetize content and applications.
The game is built on Ethereum and allows users to visit other players and purchase goods and services. The MANA token is the in-game currency that fuels the game, and it is currently trading at just $2.30 a coin, making it ripe for exponential growth.
Word on the virtual game is that Decentraland (MANA) is not only a gaming cryptocurrency. It’s also a highly undervalued investment opportunity.
Sounds complicated, but this token’s price has gone up more than 1,400% over the past year. The cryptocurrency promises even brighter days ahead in 2023.
If you don’t invest now, the next time you hear about it will be when its price has magically gone up.
6. Cardano (ADA)
Cardano, which was designed by the former co-founder of Ethereum Charles Hoskinson, is another cryptocurrency to invest in 2022 that has a lot of growth potential.
It uses Ouroboros’s proof-of-stake model instead of proof-of-work like Bitcoin’s model. The Cardano token is ADA, and there are currently 31 billion in circulation with a maximum supply of 45 billion ADA coins.
It has been described as one of the most promising cryptocurrencies out there. It has been designed to deal with some of the common issues faced by other digital currencies like Bitcoin, such as scalability and interoperability.
Cardano aims to be an innovative contract platform with more advanced features than any protocol developed before.
It was built based on a research approach and scientific philosophy, and it aims to fix the flaws of both Bitcoin and Ethereum.
Check out How to Buy Cardano in Canada
7. Litecoin (LTC)
Litecoin is one of the oldest cryptocurrencies launched in 2011 by Charlie Lee, an MIT graduate who used to work at Google before moving into crypto full time.
In the cryptocurrency market, Litecoin is a great option to consider. Its technology is similar to Bitcoin’s, but it has better performance indicators.
Litecoin has established itself as a reliable investment vehicle because it has moved beyond merely a “Bitcoin testnet.” It has unique characteristics such as faster transaction times and transaction fees that are fractions of a penny.
Although only worth $200 right now, and not even a fraction of Bitcoin’s value, Litecoin is still very popular among cryptocurrency users. That’s why any crypto portfolio should hold some percentage of LTC.
8. Stellar (XLM)
Stellar is a decentralized payment protocol working on a new type of Blockchain. The project was developed by the founder of eDonkey2000, Jed McCaleb and Joyce Kim.
It aims to disrupt the traditional infrastructures used by financial companies and banks worldwide. Deals are made directly between two parties, without involvement from any third party.
The Stellar cryptocurrency is quite a unique and promising system, as it really can improve the whole world’s financial infrastructure.
With Stellar, anyone can build low-cost financial products for their community. A fast and reliable network for payments, even when there is high volume.
Stellar can support thousands of transactions per second with a fast settlement. It’s an open network, so developers can build whatever they want on top of it.
9. Shiba Inu
SHIB is a decentralized cryptocurrency inspired by Dogecoin (DOGE) and named after the Shiba Inu dog. SHIB tokens are built on the Ethereum blockchain.
It is one of the most powerful cryptocurrencies in the market. With strong momentum in 2021, SHIB token has had successful rallies that have put it ahead of the game.
While it is not sure to predict what the price will look like several years down the road, it remains clear that SHIB is a massive potential project and one to keep tabs on.
SHIB is slated to be accepted as payment at AMC Theaters. This gives it a significant leg up on its competitors and makes it a serious contender as the hottest new “investment.”
Realizing its potential in the market, investors quickly buy SHIB tokens and hold.
Check out How to Buy Shiba Inu Coin in Canada
Dogecoin (DOGE) is a cryptocurrency created by Billy Markus as a joke from the “doge” meme that went viral in 2014.
Due to its memetic appeal and support from Elon Musk, Dogecoin has grown in popularity.
Dogecoin is cheaper and has fewer transaction fees than Bitcoin or Ethereum. It has no upper limit to the number of tokens that can be mined.
It currently has over $19 billion in market cap. If you’re looking for the next cryptocurrency to explode in popularity and value, look no further than Dogecoin.
Check out How to Buy Dogecoin in Canada
How to Spot the Next Big Cryptocurrency
Cryptocurrency has been a hot topic of conversation lately. Some people seem to be making vast amounts of money, and others are getting scared to death by the market’s volatility.
But how do you spot the next prominent cryptocurrency? What should you be looking for?
Today, we’re going to go over the most critical factors you need to consider when choosing a coin to invest in.
By understanding these factors and researching, you can spot the next prominent cryptocurrency before it takes off.
1. Capitalization and Price
Factors like market capitalization and price are two vital measurements for anything related to cryptocurrency.
The market cap measures cryptocurrency’s valuation, while price measures its day-to-day liquidity. So, a significant discrepancy in the two figures may point to an imbalanced market.
A market capitalization that is increasing fast means that the coins in circulation are being more heavily circulated and more widely adopted.
Therefore, analyzing your portfolio and determining if the coin has a high potential of increasing price is wise since you can sell at a higher value.
Bitcoin, Ethereum, and Litecoin cannot increase their total supply of coins in common.
A limited supply is one of the prerequisites to an investable scenario in crypto coins. An increase in supply can have a significant effect on prices.
Think about it like this: If 100 Bitcoins are available today (out of a total issue of 21 million), and tomorrow new blocks bring another 100 coins onto the market, where will the price go?
Investors look for cryptocurrencies with a limited supply to have a higher potential price increase.
When you’re trying to find the next prominent cryptocurrency, one of the metrics you can evaluate a coin is volatility.
A cryptocurrency with a low market cap, rising price, high volatility, and trades with large spreads, making it hard to buy.
Once it starts dropping in value, it will continue to drop until the volatility drops enough for buyers to return.
The more buyers return, the lower the spread, allowing a minor difference between buying and selling prices.
4. Volume 24hr
It’s vital to know how much volume the coin has had over the past 24 hours, as you can get an indicator of the level of liquidity.
Liquidity essentially means how quickly you can turn the asset into dollars or other cryptocurrencies.
Smaller coins that have a high 24-hour dollar volume are worth following. If many people are interested in it, there may be some new project coming out soon or a price spike on the way.
The cryptocurrency world can be confusing at first, especially if you don’t know what to expect as you venture out into this territory.
Fortunately, I have identified ten highly promising currencies and tokens in the crypto market worth paying attention to.
I hope you found this article useful. If so, please share it with your friends to learn from it as well.
And if you have any questions at all, please feel free to leave a comment.
Hi, I'm Adeola Adegoke. I am a licensed Insurance Broker in Manitoba, and I hold a master’s degree in Mathematical Sciences (with a major in Financial Modeling) from the African Institute for Mathematical Sciences (AIMS), Tanzania.
Also, I have a second master's degree in Statistics from the University of Regina, and I am currently pursuing my Ph.D. in Statistics at the University of Manitoba.
The primary purpose of Money Reverie is to help everyday Canadians make better financial decisions by providing up-to-date financial news and information, reports, product reviews, and government programs.