Next Cryptocurrency to Explode in 2022: What to Focus on This Year

The cryptocurrency market remains one of the most attractive niches for investments in 2022. While too big to fail, Bitcoin and Ethereum still hold the lead, some newly created coins like Velas are looking very promising. Moreover, there are also some well-established projects like Solana, Neo, and Polkadot that may also attract your attention and be added to your cryptocurrency investment portfolio.

Bitcoin

The father of cryptocurrencies still holds its position as being one of the strongest players in the industry. With its price, which almost reached $70,000 in 2021, Bitcoin was one of the most promising digital assets to add to the portfolio.

Given its almost 50% correction, Bitcoin remains one of the most promising coins to be added to the watchlist. According to many cryptocurrency analysts, the price of BTC still has room to grow even when it reaches $70,000 again. Some forecasts predict a new wave of Bitcoin growth, which may reach $200,000 per coin or even higher.

Ethereum

This is one of the most popular cryptos around with great potential to grow as the network plans to switch to Ethereum 2.0, which is one of the most expected events for 2022. This shift to the Proof-of-Stake consensus mechanism should add speed to the blockchain and make it more scalable. With those upcoming changes, Ethereum is likely to become one of the most demanded cryptocurrencies in this niche.

Solana

Solana was considered the fastest blockchain before the appearance of Velas, but it still looks very attractive because of its speed and low transaction costs. Solana uses a Proof-of-History consensus mechanism, which helps the network be scalable and meet almost all users’ needs. Solana can be considered as the next cryptocurrency to explode 2022 as the interest in this project is constantly growing.

Velas

This is a brand new blockchain network that was launched in 2019 by Swiss entrepreneur Alex Alexandrov. One of the biggest advantages of this network is that its throughput sets new records and helps the blockchain expand its limits. Velas is currently able to produce 75,000 transactions per second, which is the highest throughput in the industry. Moreover, those transactions can be done at the lowest costs, which makes Velas look even more attractive.

Shiba Inu and Doge

These are both meme coins that were created with no particular purpose. However, the latest Elon Musk tweets about them raise their price in 2021. Currently, both coins are trading with no distinctive trends, but their communities are still waiting for some drivers that would allow those tokens to make another big leap in growth. Both have no intrinsic value, but they still have the potential to positively surprise their holders.