Cryptocurrencies have gone a long way since the launch of Bitcoin in 2009. They started as dubious digital assets for geeks and a reduced community of maverick investors. Today, cryptocurrencies have become mainstream investment vehicles. Despite high price volatility, cryptocurrencies have attracted the interest of institutional investors and banks. There is a good reason for it.
Every now and then, the price of a cryptocurrency explodes. For example, the price of the meme coin Shiba Inu suddenly skyrocketed by more than 40,000,000%. Although not all cryptocurrencies explode in such a fantastic way, the potential for significant gains is real. That is why investors continuously look for the next cryptocurrency that will explode. But singling out a digital coin as the next cryptocurrency to explode is practically impossible.
Many factors affect the price of a cryptocurrency, and it isn't easy to know them all. Although price predictions can hint at the future price of a given cryptocurrency, it is impossible to know for sure. Yet, one can look for potential candidates in areas that are current trends in the crypto industry, such as decentralized finance (DeFi), the metaverse, etc. Following this idea, we have compiled a list of candidates to be the next cryptocurrency to explode 2022.
Top of the Most Promising Cryptocurrencies
There are thousands of cryptocurrencies in circulation today. Hence, narrowing your search for the next cryptocurrency to explode can be a daunting task. Luckily, our team of crypto analysts has already done this job. Just look through the following list and choose the digital coin(s) you prefer to invest in.
1. Ethereum (ETH)
Ethereum is the largest smart contract platform and its native token, ETH, is the second most valuable crypto asset by market capitalization. It hosts various emerging blockchain projects comprising DeFi, non-fungible tokens (NFTs), decentralized applications (DApps), meme coins, and more. These reasons are enough to ensure a bright future for Ethereum. However, implementing the Ethereum 2.0 upgrade might lead to a significant appreciation of the ETH token.
Although ETH suffered a significant price drop during the 2022 bear market, it has demonstrated resilience throughout the years. Ethereum has always rebounded quickly, even after the most volatile market crash. It has given early investors a return on investment (ROI) of more than 56,000%. More importantly, Ethereum appears to be a sustainable project. It means that besides exploding, the ETH price will maintain an uptrend for the next few years. Some analysts think ETH could regain its 2021 highs and skyrocket to $10K by 2025.
2. XRP (XRP)
Commonly referred to as Ripple, XRP gained notoriety because of its legal battle against the SEC in US federal courts. Despite its legal issues, XRP has shown resilience and sustainability over the years. It has given early investors an ROI exceeding 5,000%. According to CoinMarketCap, XRP is the 7th most valuable cryptocurrency. It has consistently ranked among the top ten. Because of the applicability of XRP to make global payment systems more efficient, many large banks have already embraced this digital asset. It is just a matter of time before the XRP price explodes.
3. ApeCoin (APE)
This ERC-20 token is used for governance within the APE ecosystem. It is also a utility token to incentivize a decentralized community working toward Web 3.0. The price of this digital asset has the potential to explode in 2022 because of its enormous popularity. Its past performance also plays a role in the optimism about the future of this coin. Since its launch in March 2022, this coin has given investors an ROI of more than 500%.
Although the price of this digital asset significantly dropped during the current bear market, the ApeCoin community remains active and fully engaged. This community, combined with market recovery, could result in a sudden price hike.
4. Binance Coin (BNB)
Binance is the largest and most liquid crypto exchange worldwide, and its utility token, BNB, has been one of the best-performing crypto assets. Since its launch in 2017, this token has yielded more than 200,000% ROI. Currently, it is the fifth most valuable cryptocurrency by market capitalization. Is that enough to consider BNB the next big cryptocurrency to explode? No. However, other factors have convinced some analysts that the BNB price will surge soon.
First, Binance and the Binance Smart Chain (BSC) continuously add new use cases for the BNB token. Secondly, Binance has been burning excess of this cryptocurrency. And lastly, BNB has demonstrated to be a resilient coin with the capacity to adapt to the market’s changing conditions quickly. Analysts think BNB will continue increasing its value over the years, reaching $1,000 by 2025.
5. Solana (SOL)
Solana is one of the fastest growing smart contract platforms, for which it is usually considered an ‘Ethereum killer.’ This platform’s native token, SOL, is the ninth most valuable cryptocurrency by market capitalization despite being in the market for just two years. SOL has yielded an ROI of more than 15,000% in that time.
Why can the SOL price explode? One reason is the rapid growth of the Solana blockchain. It offers many of the services available on Ethereum but with higher throughput. Moreover, it has an active community and has partnered with key players in the blockchain industry. The demand for SOL tokens is increasing as the blockchain network develops further. Hence, the SOL price might skyrocket when the market begins to recover.
6. Cardano (ADA)
Cardano is another smart contract platform that has adopted a research-driven approach to development. As a result, Cardano is one of the most secure blockchains in the industry. Its native token, ADA, is a candidate for the next big cryptocurrency to explode. Currently, ADA is the eighth most valuable cryptocurrency by market capitalization. Before the 2022 bear market, ADA had an impressive price performance. Because of its resilience, in-network developments, active community, and strategic partnerships, one can expect the ADA price to explode when the market shows signs of recovery.
7. Decentraland (MANA)
Decentraland is a virtual reality platform running on the Ethereum blockchain. It is one of the most popular metaverse projects, allowing users to create, experience, and monetize content and applications. Decentraland utilizes two tokens: MANA and LAND. The former is an ERC-20 token used to acquire NFTs, avatars, wearables, and more on the Decentraland marketplace.
Before the 2022 bear market, the MANA price skyrocketed, reaching its all-time high price on November 25, 2021. Although the MANA price has slowly declined, its fast-growing community can be decisive for a sudden recovery. Decentraland has attracted many investors eager to make money with the play-to-earn (P2E) business paradigm. Hence, we can envisage a pleasant surprise from this token shortly.
8. Uniswap (UNI)
Uniswap is the most popular decentralized exchange (DEX). It is often referred to as the ‘DeFi King’ because it facilitates the trading of DeFi tokens. The growing demand for privacy and anonymity in the crypto sphere has significantly increased the number of traders and investors using Uniswap. This DEX’s governance token, UNI, had outstanding performance before the 2022 bear market.
Currently, UNI is the twentieth most valuable cryptocurrency by market capitalization. Although its price significantly declined in the current bear market, we can expect a sudden and impressive recovery this year because of the abovementioned factors.
How to Find the Next Cryptocurrency to Explode
It will help if you understand the crypto market well enough to predict which cryptocurrency will explode soon. To increase the possibility of making a good guess, you should consider cryptocurrencies associated with innovative blockchain projects. DeFi, the Metaverse, and DApps are some areas where the next cryptocurrency to explode in 2024 could be found. Cryptocurrencies with excellent past price performance are more likely to explode when the current bear market is over.
Where to Buy Promising Cryptocurrency
Many crypto exchanges list the most promising cryptocurrencies for trading. If you want to buy any of the coins listed in this article, you can do it on LetsExchange.io. Our platform is easy to use, and you do not need to register to trade cryptocurrencies. When you trade large sums, you can benefit from some of the most competitive rates in the market.
FAQ
Which cryptocurrency is the most promising?
According to the analysis from several crypto experts, Ethereum is the most promising cryptocurrency. However, other experts think the most promising cryptocurrency is Bitcoin because of its demonstrated resilience and mass adoption. However, if you are considering investing in one of these assets, why not invest in both?
How to buy promising cryptocurrency?
You must create an account to buy crypto from a regular centralized exchange (DEX). Next, you must fund your account via a bank transfer, wire transfer, or bank card. Finally, you must place your order, indicating how many digital coins you want to buy. Alternatively, you can use LetsExchange.io, where you do not need to open an account to buy crypto. All you need to do is choose the coin you want to purchase and provide the receiving wallet. You can pay using a bank card or other cryptocurrencies.
What is the next crypto that will explode?
Nobody knows for sure, but the cryptocurrencies listed in this article are very likely to explode shortly.
Disclaimer
Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.
Stay tuned for further updates, crypto guides, and market insights from LetsExchange. You can also follow us on Twitter, Facebook, Reddit, Instagram, LinkedIn, Medium, Quora, Telegram, Steemit, and Bitcointalk for first-hand information from our team.