Many people are wondering which cryptocurrency will explode in value in 2022. While there are many contenders, we believe that Bitcoin, Ethereum, and Litecoin are the most likely candidates.
Checkout this video:
Bitcoin
Bitcoin is the big kahuna of cryptocurrency. It’s the original and still the most valuable, with a current price tag of around $60,000 per coin. That puts its total value at more than $1 trillion. That makes it by far the most important cryptocurrency, and it’s also one of the most likely to explode in value in 2022.
Here’s why: Bitcoin is slowly but surely becoming more mainstream. More businesses are starting to accept it as payment, and more individuals are investing in it. That’s because people are starting to realize that cryptocurrency is here to stay, and that it has real potential to change the financial landscape.
As more people adopt Bitcoin, its price will continue to rise. And as its price rises, more people will want to invest in it. That creates a self-reinforcing cycle that could propel Bitcoin’s price even higher in 2022.
So if you’re looking for a cryptocurrency that could explode in value next year, Bitcoin is a good bet.
Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third-party interference.
Ethereum is not just a platform but also a programming language (Turing complete) running on a blockchain, helping developers to build and publish distributed applications.
The native token of the Ethereum blockchain is called Ether (ETH). ETH is used to pay for transaction fees and computational services on the Ethereum network.
Investors are bullish on ETH because they believe that the Ethereum network will become the dominant platform for decentralized applications in the coming years. They also believe that the price of ETH will increase as more and more developers build on top of the Ethereum network.
Litecoin
Litecoin is often described as the silver to Bitcoin’s gold. It shares many of Bitcoin’s features, but with some key differences. For one, its mining algorithm is known as Scrypt, rather than SHA-256. This makes it much more accessible to miners who don’t have specialized, expensive hardware. The trade-off is that each block takes a little longer to verify.
In addition, Litecoin has a faster block time—2.5 minutes, compared to Bitcoin’s 10 minutes. That means that transactions are verified and added to the blockchain about four times as fast as with Bitcoin. And because there are more Litecoins in circulation—82 million, compared to 21 million for Bitcoin—Litecoin is also more affordable, with a price of about $140 at the time of this writing.
Investors who are looking for an alternative to Bitcoin may find Litecoin to be a good option. And given its faster transaction times and lower fees, it could see increased adoption in the coming years.
Bitcoin Cash
Bitcoin Cash is a cryptocurrency that was created in August 2017 as a result of a hard fork of the Bitcoin blockchain. It is designed to have a larger block size than Bitcoin, making it more scalable and efficient.
There are currently 16.8 million Bitcoin Cash in circulation, and it has a market capitalization of $29.8 billion.Bitcoin Cash is currently the fourth largest cryptocurrency by market cap, and it is one of the few that is actually used for day-to-day transactions.
Bitcoin Cash has already seen significant price appreciation in 2020, and there is no reason to believe that this will not continue in 2021 and beyond. With its low transaction fees and fast transaction times, Bitcoin Cash is well-positioned to be one of the top cryptocurrencies in the years to come.
Ripple
Ripple is a digital currency and an Internet protocol that connects disparate financial systems. Released in 2012, Ripple is built upon a distributed open source protocol and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes.
Ripple enables secure, instant and nearly free global financial transactions of any size with no chargebacks. Ripple does this by using a shared ledger that allows for consensus between all parties in the system. This ledger is maintained by a network of independent validating servers that constantly compare transaction records.
The native digital asset on the Ripple network is called XRP. XRP can be used to purchase goods and services, or traded for other assets, such as other cryptocurrencies or fiat currencies. One billion XRP were created at Ripple’s inception, with no more allowed to be created according to the protocol’s rules.
Binance Coin
Binance Coin is one of the most popular cryptocurrencies, and it is also one of the most stable. It has a market capitalization of over $1 billion, and it is currently traded on over 50 exchanges. Binance Coin is often used to pay fees on the Binance exchange, and it can also be used to purchase other cryptocurrencies. Binance Coin has a strong team behind it, and its recent partnerships with Simplex and Paxful show that the company is committed to expanding its reach.
Cardano
In the world of cryptocurrency, it seems like there’s a new project popping up every day. While some of these projects are truly innovative and have the potential to change the way we interact with the digital world, others are little more than hype. So, which cryptocurrency will explode in value in 2022?
Cardano is a project that has been gaining a lot of attention lately, and for good reason. Cardano is a platform for building decentralized applications, and it is being developed by a team of experienced professionals. The team behind Cardano is committed to solving some of the most pressing problems facing blockchain technology today, and they have already made significant progress.
One of the things that makes Cardano stand out from other projects is its focus on security. Cardano uses a unique consensus algorithm called Ouroboros, which has been designed from scratch to be resistant to quantum computing attacks. This makes Cardano one of the most secure platforms in the space, and gives it a major advantage over other projects.
Another reason why Cardano is primed for explosive growth in 2022 is its partnerships. Cardano has already partnered with some major organizations, including Microsoft and the governments of Ethiopia and Mongolia. These partnership are helping to increase awareness of Cardano and are driving adoption of the platform.
If you’re looking for a project that has the potential to explode in value in 2022, Cardano is definitely one to keep an eye on.
Polkadot
Polkadot (DOT) is a next-generation cryptocurrency that was designed to provide a more scalable and user-friendly platform than Ethereum. DOT is still in development but has already attracted some big-name investors, including Jack Dorsey, the CEO of Twitter. Some experts believe that DOT could explode in value in 2022 as it gains more mainstream adoption.
Chainlink
Chainlink is a decentralized oracle network that provides reliable, tamper-proof data inputs and outputs for smart contracts on any blockchain. Oracles are third-party services that connect blockchains to the real world.
Chainlink’s mainnet launched in June 2017, and the project has seen significant growth since then. In 2020, Chainlink saw a 2000% price increase, and the project is now worth over $13 billion.
Chainlink boasts some major partnerships, including Google, Oracle, SWIFT, and MakerDAO. The project is also supported by major crypto exchanges like Binance and Coinbase.
With such strong partnerships and fundamentals, there’s a good chance that Chainlink will continue to grow in 2021 and beyond. If you’re looking for a cryptocurrency with potential to explode in value, Chainlink could be a good choice.
Stellar
The cryptocurrency known as Stellar is predicted by some to explode in value in 2022. The reasoning behind this belief is that the Stellar network is being developed by some of the same people who were behind the development of the Ripple network. Ripple is a very successful cryptocurrency, so it stands to reason that Stellar could also be successful.
