Crypto coins have been on the rise and exploding ever since they were created. Every year a lot of coins are seen to explode and trend over the market via various platforms. Every year, people’s needs and requirements change, and whichever coin in that year is the best suited for the people’s requirements, explodes. The requirements of the population are not the only thing the explosion of a coin is dependent on. Never seen before features, something completely innovative and different is also what leads to the explosion of a coin.
Here are some predictions for which coin is most likely to explode in 2022:
Ethereum is one of the most dominating cryptocurrencies today. Ethereum does not require you to have any assets to use the platform as an online bank. It has developed a smart contract functionality, which increases your security with the added benefit that your transactions are guaranteed. It does not require you to reveal a lot of your details, just the basic ones. It was also one of the platforms to launch computer-based and mobile-based apps.
Solana aims to solve the three main blockchain problems- providing a decentralized platform, security and scalability. It is a serious competitor of Ethereum on the rise. Solana also charges a lower fee and has lesser congestion relatively because it processes fifty thousand transactions per second. It is one of the fastest cryptocurrencies. Its quick and easy way of transactions is what attracts its users.
Terra is one of the most innovative cryptocurrencies to exist. It imposes a unique way of taking care of the volatility problem of the cryptocurrency trade, without losing its profit-making ability. Terra is known to be a programmable cryptocurrency that is attractive to a lot of its users.
Cardamon is a third-generational blockchain. It aims to combine developing technologies to provide its users with more security and stability and to become globally sustainable as it is a proof-of-stake blockchain, This cryptocurrency proves to be better than other cryptocurrencies in areas such as scalability, interoperability, and regulatory compliance. It is also one of the biggest cryptocurrencies by market cap. Like Ethereum, it also has a smart contract functionality that provides security and guarantee transactions. Cardano also has a crypto consensus mechanism called proof-of-work which ensures that a user’s money is not spent twice.
Uniswap is a decentralized application on the Ethereum network. This cryptocurrency does not use a traditional order book, rather it employs an automated market-making system. Since it runs on the Ethereum network, it also applies a smart contract functionality to its transactions. The main aim of the creation of this cryptocurrency was to make the buying and selling of assets easier, which it has succeeded in doing. It is known to be a low-risk and high-reward investment which makes it very appealing and attractive to its users. Its blockchain runs on open-source software. Uniswap also serves as a liquidity pool in an attempt to create better markets.
Cryptocurrency investments are one of the most popular ways of investing these days. Should you have an idea of which coin is most likely to explode in 2022 and choose the right cryptocurrency to invest in, it is sure to reap huge benefits. But investments of any kind are always a risky opportunity, thus there is no sure way of telling what can happen. Although predictions can be made, no one knows what’s to come.