xrp cryptocurrency price

5 of the Next Cryptos to Explode in 2022

Trending Crypto News: What's Going on With BTC, ETH, XRP, ADA and LTC Today?
Written by publisher team

After a year like 2021, cryptocurrency prices stopped working in 2022. The asset class experienced some of the biggest booms, followed by some of the most severe crashes; Now, it looks like the digital currency will end the year well. However, there are some problems on the horizon. As concerns about inflation grow, what are the next cryptocurrencies that will explode in 2022?

Wednesday’s Federal Reserve meeting sparked fears across the stock market. As the entity seeks to significantly reduce its emergency spending, investors will become more risk-averse with their portfolios. In addition, inflation continues to rise as a point of concern. Of course, the Fed’s plan to raise interest rates three times over the course of 2022 is fueling this downward trend for cryptocurrencies as well.

Therefore, if investors want their crypto holdings to remain a winner over the next year, it is time to become selective. Arbitrage tokens, store plays of value, and coins just won’t cut it as we approach next year’s challenge. Winners will be found in utilitarian plays and burgeoning technological trends; These coins and tokens will keep their heads above the water and then some.

With that said, which cryptocurrency is looking to lead the group of winners over the next year? Consider the fist of cryptocurrency manipulation:

The next cryptocurrency that will explode: Solana (SOL-USD)

Source: shutterstock

Solana is already one of the biggest winners of 2021. SOL coin is booming; Those who bought in early January at $1.40 are resting on a 13,000% gain at its current price of $183.10. This boom can be attributed to many things, be it high-risk market trends or the network’s highly successful foray into non-fungible tokens (NFTs). But the biggest factor behind this open source dapp playground isn’t just the hype or the trend of NFT; It is a position that Solana gives Ethereum (CCC:ETH-USD) Run for its money as the king of the blockchain network.

Solana’s biggest advantage is scalability. As blockchain continues to become ubiquitous among internet users, there will definitely be more data transactions taking place on these chains. Some networks are better able to handle larger transaction volumes than others. Solana is one such network, and it is using this growing adoption to its advantage.

Take Ethereum’s rise in gas fees, for example. This year, gas fees for an average transaction on Ethereum have reached prices of up to $50 for a simple swap. The 2,300% fee growth has infuriated Ethereum users, and Solana has become a network that many turn to. Solana offers up to 50,000 transactions per second, and promises a fee of less than 1 cent to pay for those transactions.

Ethereum is improving scalability with its integration upgrade, but that is still a long way off. The network won’t do a complete proof of stake overhaul until at least the summer of 2022. Meanwhile, Solana continues to explode in size and market capitalization. Since January, the network has added 500,000 active users, and SOL’s market capitalization has grown to nearly $100 billion.

Decentraland (MANA-USD) brings the Metaverse into operation in 2022

Screenshot of blockchain nft ethereum cryptocurrency game Decentraland (MANA) logo on laptop and mobile

Source: Lichi / Shutterstock.com

If there is an industry that is guaranteed to continue growing through the new year, it is the major industry. It may not look like the metaverse Basic; After all, it’s a virtual space for people to do a lot of things they can do in real life – playing games, socializing, watching live music, etc. . Rename Facebook to ID pads (NASDAQ:FBsufficient evidence of this; If a tech giant with a market value of nearly $1 trillion and a history so rich that it made movies about its founding were doing a rebranding of that magnitude about an industry, that industry would survive.

This makes Decentraland’s MANA token status a cryptocurrency to watch in the coming year. The metaverse, while it has a lot of support from Silicon Valley, is still something that many would like to see decentralized. Meta don’t want to get their hands on the VR space; They want to be by the people and for the people. Decentraland is leading investors in this direction.

Decentraland is a blockchain-based metaverse that invites everyone to experience the sandbox world full of activities. One can buy a plot of land and develop it and have their friends come and hang out in it. They can go play games or travel the main streets of the digital world. They can do all these things from the comforts of their own home too. With great support from institutions such as the auction house Sotheby’sIn addition to the many musicians who performed at the network’s first music festival, there is a lot of support for MANA.

The Next Cryptocurrency That Will Explode: Flux (FLUX-USD)

Flux (FLUX) cryptocurrency logo on white cloth.

Source: shutterstock

Flux is certainly the smallest cryptocurrency here, but don’t rule out the network. As Web 3.0 becomes a more widespread phenomenon, Flux is sure to be one of the next cryptocurrencies to explode in popularity. Grid, which lauds itself as “Amazon (NASDAQ:AMZNThe Web Services of Blockchain” is in a position to challenge even the largest of the web services giants.

The Flux network uses AWS with its own suite of products, but while AWS offers software as a service (SaaS), Flux offers blockchain as a service (BaaS). The differences are not important to the end user from a performance perspective. However, BaaS products allow users to combine the powers of both cloud computing and distributed public ledgers to their advantage.

FluxOS FluxOS allows the same types of functionality large swaths of the Internet click AWS for; It can run oracles, allow people to host servers, and allow anyone to store data, no matter how private it is. Most importantly, it promises to be reliable. Users can run FluxNodes, which keeps the network running. Nodes connect users to BaaS services, and with FluxNode operators distributed around the world, users can be connected to the fastest possible nodes through geospatial recognition.

Of course, anyone using the internet has been hearing about AWS outages in recent weeks. In December, AWS experienced two outages. These outages have cut off massive portions of the internet, preventing users from using many of the most vulnerable social media and e-commerce platforms, as well as online gaming servers. In a world where Flux is seeing widespread adoption, that outage will be a thing of the past, thanks to the legions of FluxNode operators helping to support the service.

Ripple (XRP-USD) SEC lawsuit nears conclusion, leaving optimistic forecast for 2022

Concept image of the XRP token (XRP-USD) from Ripple.

Source: shutterstock

Ripple has been in bad hands throughout 2021. A lawsuit brought by the Securities and Exchange Commission (SEC) prevents trading of Ripple on US-based exchanges. Even without this barrier, the lawsuit scares potential investors, who do not want to put their money into a company in a hot state. However, there are still very optimistic investors who see Ripple as a gateway to the future of international money transfer. And with indications that this lawsuit will end in 2022, Ripple may be in a position to hack considerably and make up for lost time.

With Ripple, users can make international money transfers in the blink of an eye; It’s as simple as converting a fiat currency to XRP, sending the XRP to the recipient, and having them convert the XRP to a legal order of their choice. The network is threatening to bring down the world of international wire transfers as we know it, and XRP will play a big role in that.

Since Ripple has been embroiled in a legal battle for this entire calendar year, it has lost a lot of the impressive gains the industry has seen. It’s 81 cents higher than the 22 cents it started the year at, yes. But, will XRP see the 100%, or even 1,000%, gains demonstrated by its peers? This, we will never know.

But, Ripple continues to update investors, even hosting a summit event last month. And now, it is preparing to terminate the SEC lawsuit. In fact, the network is gaining the upper hand after a court ordered the Securities and Exchange Commission to write a letter justifying information it keeps secret under the Deliberative Proceedings Privilege (DPP). If you can’t do that, Ripple may be able to walk out of the courtroom victorious sooner rather than later; Of course, this can lead to an explosion in prices.

The Next Cryptocurrency That Will Explode: Polygon (MATIC-USD)

Concept image of Polygon Cryptography (MATIC).

Source: shutterstock

Like the others on this list, Polygon is a network built to ensure smooth navigation in the blockchain industry. As it has become a widely adopted technology, the number of active users will cause problems for some of the largest networks, such as the Ethereum Proof of Work network; Even the scalability of the gameplay Solana has had its own technical problems. Polygon aims to avoid the possibility of bottlenecks in the future through layer 2 scaling.

Polygon is designed to support the Ethereum network. It does this by existing as a layer on top of Ethereum. With Polygon, users can move their transactions from the Ethereum Chain to the Polygon Chain. Reduces traffic on the main network. Additionally, it allows Polygon to offer some very low transaction fees to its users.

As a Layer 2 solution, there are many ways in which users can transfer transaction data from one chain to another. In fact, Polygon offers 10 different tools with which this can be done. Recently, the network added its own zero polygon , which uses zero-knowledge aggregation technology to easily transfer data across networks using little power.

Publication date, Brendan Ryrick He did not have (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author, and are subject to InvestorPlace.com’s posting guidelines.

About the author

publisher team

Leave a Comment