The world of cryptocurrency has captured the imagination of innovators and entrepreneurs. Cryptocurrency is an emerging trend that is changing how we live and think about our finances. Cryptocurrencies have been around for well over a decade, but it remains something most people are wary of being invested in. Here is a list of 10 cryptocurrencies to explode in 2022.
1. Bitcoin- Cryptocurrencies to Explode
Bitcoin is currently the most valuable cryptocurrency out there. It was created in 2008, and it has been breaking records ever since. If you had purchased $1,000 worth of Bitcoin just a few years ago, it would have doubled to $2,000 by now. It has a market cap of $744 billion.
2. Binance Coin- Cryptocurrencies to Explode
Binance Coin has been around for less than two years, but it already has a market cap of over $2 billion. This coin is designed specifically for use on Binance, one of the world’s largest cryptocurrency exchanges. If you had invested just $100 into BNB two years ago, your investment would be worth over $190,000 today. It has a market cap of $61 billion.
3. Ethereum
Ethereum is a platform that allows decentralized applications to run without any downtime, censorship, fraud, or third-party interference. By the end of 2022, the price of Ethereum on https://www.okx.com/markets/prices will be worth almost ten times more than it does today.
4. OmiseGO
OmiseGO is a decentralized exchange platform with the goal to create an open standard for digital wallets and other applications on top of it. However, OmiseGO has made waves in the cryptocurrency market as one of the most innovative altcoins ever. The OmiseGO coin (OMG) has a current market cap of $680 million.
5. Stellar Lumens
Stellar Lumens (XLM) is a blockchain-based digital currency that started in 2014. Stellar Lumens was created by Jed McCaleb, who has recently announced the development of his new project called “Lightning Lumens.” The Stellar Lumen’s market cap is currently at $12 billion.
6. Dash
Dash is a cryptocurrency with an impressive 13 billion dollar market cap. The reason it’s worth more in 2022 than today is because of its unique features. Dash has instant transactions and offers privacy to its users. This cryptocurrency is also extremely efficient, which means it can be used in countries like Venezuela, where unstable financial systems exist.
7. NEO
NEO is a scalable blockchain platform that supports smart contracts and digital assets. NEO was created to be the decentralized counterpart of Ethereum. One of the biggest benefits of NEO is its speed, as it can complete transactions in just a few seconds.
8. Tether
If you are not familiar with Tether, it’s a cryptocurrency pegged to the US dollar. This means that one USD can theoretically be exchanged for 1 Tether. What does this mean for investors? If your USD investment is worth 100 USD, your investment in Tether is worth 100 USD. This is a significant advantage because it allows you to invest in cryptocurrency without worrying about converting your investments into other cryptocurrencies or fiat currencies like the US Dollar or British Pound.
9. Zcash
Zcash is an open-source, decentralized, and peer-to-peer cryptocurrency focusing on privacy and selective transparency. It was created by Zooko Wilcox in 2016. With Zcash, users can send encrypted transactions through a public blockchain while keeping the sender, recipient, and amount private. This makes it ideal for businesses that need to maintain confidentiality over their financial transactions.
10. Monero
Monero is a private, secure, and untraceable currency. It has a reputation for security and privacy thanks to its use of ring signatures and stealth addresses. Monero uses a proof-of-work algorithm that is ASIC resistant which makes it accessible to anyone with an average computer.
