Investors are keeping a close eye on the cryptocurrencies to explode 100x in the next bull run
Cryptocurrencies and their broad universe of associated products and services have rapidly grown over the past couple of years. Experts believe that crypto adoption will continue to rise even though regulators have made it their life’s purpose to stunt the growth of the crypto market, besides, given the dramatic rise of the volatility in the market, it is only fair that harsh regulations will emerge. Talking about the dramatic rise of volatility, the year 2022 has been extremely worrisome for crypto investors. Top cryptocurrencies like Bitcoin and Ethereum have shed more than 50% of their values and as a snowball effect, almost all altcoins have plummeted. However, experts speculate that there will be a Santa Claus rally in 2022 that will work things out in favor of the crypto market and reveal the most reliable crypto investments for this year. Currently, investors are keeping a close eye on the market to identify the cryptocurrencies to explode 100x. In this article, we have listed the top cryptocurrencies to explode 100x during the incoming Santa Claus rally in 2022.
Dogecoin
Dogecoin is basically the best-performing cryptocurrency this quarter. The crypto grew almost 150% within a year as soon as Elon Musk closed his Twitter deal. Recently there have been rumors that Dogefather Elon and Vitalik Buterin might collaborate to advance the developments of Dogecoin. Besides, the Dogecoin coin value has also been soaring after Elon indirectly hinted that Twitter might have integrated payment services. The crypto will already soaring and if there is a Santa Claus rally in 2022, DOGE might be a good investment.
Shiba Inu
After Dogecoin, Shiba Inu is one of the most popular meme coins in the market. SHIB is the self-proclaimed ‘Dogecoin-killer’ that has only been considered as a meme coin, and not as a long-term investment. Over the past couple of years, the crypto has been following in DOGE’s footsteps, hence, it is expected to soar dramatically in the next bull run in 2022.
XRP
XRP is speculated to win its case against the SEC, which is raising investor sentiments and trading for the crypto. XRP’s recent price jump came as a ruling in favor of the crypto was quite unexpected in the ongoing legal dispute between the two parties. The value of the token fell from its hype when the hype around the legal case died down. But since Ripple is expected to win, the crypto might soar in the coming months.
Cardano
The token ADA is considered a strong, long-term investment that is expected to skyrocket in the coming months. Cardano has one of the most advanced proof-of-work algorithms that make it strong in terms of security and decentralization. This makes it hugely attractive to DApps developers in 2023 and for the years to come.
Litecoin
Bitcoin is currently considered one of the most volatile cryptocurrencies in the market, hence most investors are avoiding investing in these digital assets. But the closest best alternative to Bitcoin is Litecoin. Unlike its peer, Litecoin offers faster transactions and lower fees, thus becoming more suitable for micro-transactions and lower fees, thus making it more suitable for transactions and garnering massive profits.
Binance Coin
Binance is a unique ecosystem of decentralized, blockchain-based networks. The company has grown to be the leading crypto exchange in a number of countries and their side organizations are attracting significant interest as well. The company’s BNB token is one of the strongest investments in 2022 and is expected to soar in the next Santa Claus rally.
Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. The MATIC token will continue to exist and will play an increasingly important role, securing the system, and enabling governance.
Polkadot
polkadot is basically a Web3 cryptocurrency. It is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating the cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. With the rising prominence of Polkadot, we might be able to witness a massive DOT rally in the months to come.
Aave
Aave is a decentralized finance protocol that allows people to lend and borrow crypto. Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity. AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol.
Decentraland
Even though Decentraland is a new cryptocurrency, it has certainly garnered the attention of growing metaverse fans. Decentraland (MANA) defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications.
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