6 Cryptocurrencies to Explode 2022
February 2, 2022 (Investorideas.com Newswire) Without any doubt, 2021 was a great year for crypto investors. The year proved that really, cryptocurrency is the future currency. And stemming from the wonderful experience from 2021, crypto investors and enthusiasts are already asking what 2022 holds for the crypto space. Well, no one can precisely tell what the year has for us yet.
However, the certain thing is that many more altcoins are going to be finding their way into the crypto space. The world already knows Bitcoin and Ethereum. While one is the largest crypto on earth by market capitalization, the other is the second-largest presently trading at $4000.
But this year, investors will be making massive profits from even the underdogs. There are many of them with promising futures and which are likely going to explode this year.
In this post, we have highlighted some cryptocurrencies that we believe will explode in 2022 - thanks to their promising features. You might want to keep your eyes on them.
6 Cryptos to Explode in 2022
#1: Ethereum (ETH)
Are you surprised Ethereum is again on the list? Don't be. With the Ethereum 2.0 launch just around the corner, the second-largest crypto may be receiving a great boost this year. The hype about the upgrade has been a regular talk in the crypto world for months, and the developers have finally announced the launch is going to be this year.
Although there have been some hiccups in the initial plan, Ethereum might be one of the cryptocurrencies to explode in 2022 immediately after the new update is finally launched. You can trust that virtually all crypto traders are looking up to this update.
#2: Decentraland (MANA)
Decentraland is a virtual reality game that is played on the Ethereum blockchain. The game uses the MANA token as an in-game currency. With the token, users can do a lot, including buying goods and services, buying lands, and visiting other players. They can also use the MANA token to monetize their own content. In terms of market capitalization, MANA is presently the second-largest gaming crypto. Its current price is $2.30, which is about a 1,543% increase from the 15 cents it used to be in the past few weeks.
MANA has some promising features that we believe can push it forward in the New Year. One of them is users' ability to buy and create digital assets in Decentraland and convert them to other cryptocurrencies other than MANA.
#3: Shiba Inu (SHIB)
Shiba Inu is not a completely new coin to the market. It started gaining some traction towards the closing of the year 2021. Presently, the coin has a 24 hour trading of more than $0.000060 billion, proving how much public attention it has gathered in the past few months.
About two months ago, SHIB has a market cap of more than $40 billion. If you are looking for a profitable cryptocurrency to add to your portfolio in 2022, you should definitely consider SHIB.
#4: Avalanche (AVAX)
Although not a very popular cryptocurrency, AVAX was one of the altcoins that enjoyed a good share of the market in 2021. In the early months of 2021, AVAX was trading for about $4 but in October, its price has increased to more than $145, shooting the crypto to the top 10 cryptocurrencies.
AVAX is the native token on the Avalanche blockchain and presently has a market cap of $25 billion. Because of its smart contract feature, the crypto is considered a stiff competitor of Ethereum and it is presently being used by reputable organizations like Deloitte to support its works. AVAX has a promising future, and we are being optimistic that the sweet journey of the cryptocurrency will start in 2022.
#5: Algorand (ALGO)
This is another Ethereum competitor, and it's already being used by hundreds of companies. Last year, El Salvador announced that it would be establishing its blockchain infrastructure using Algorand, and that broke the hard ceiling for the cryptocurrency.
In addition, recently, Borderless Capital launched a $500 million fund to invest in digital assets that revolve around decentralized applications on Algorands. That's not all. Marshall Island's central bank digital currency, Sovereign (SOV), also uses Algorand.
Looking at the Algorand blockchain, one would quickly see how promising the cryptocurrency could be. Its PoS algorithm gives it an upper hand over many other cryptocurrencies. It offers a higher degree of scalability, security, and requires less electricity compared to other blockchains like Bitcoin. PoS is here to stay, and it will only gain more importance in 2022, putting ALGO at a sweet spot of being one of the cryptocurrencies that would likely explode in 2022.
#6: Monero (XMR)
This crypto was launched in 2014 with one major goal, and that is to make transactions as anonymous and private as possible. Unlike some other cryptocurrencies where privacy is not that much a thing, Monero actually offers a high level of privacy that users would love to enjoy on their transactions.
Monero has many edges over other cryptos in the market. First, it has a solid market capitalization. Secondly, being a privacy coin, it doesn't have to engage in competition with industry giants like Bitcoin and Ethereum. Lastly, it has been able to survive even the most deadly blow in 2021 without a significant drop in its price. It presently has a great community behind it and being a coin that campaigns so much for privacy, it won't be difficult to gain more acceptability in the market come 2022.
Final Note
2022 is going to be a great year for crypto investors as more new altcoins will find their way to stardom. If you are looking for new, less-known coins to invest in and make good profits from this year, you might want to look into this list of the 6 cryptocurrencies to explode in 2022.
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