What is the next cryptocurrency to explode? (2021/2022)
Investing in cryptocurrencies can bring huge returns to those who make the right decisions. However, choosing the right digital currency to trade with can be quite a challenge. It is for that reason that many investors want to know what the next cryptocurrency will explode. So, which cryptocurrency will take the throne in 2021 and 2022? Here’s the latest on the volatile world of altcoins, tokens, and NFTs.
Which cryptocurrency will go to the moon? (2021/2022)
Cryptocurrencies like Bifrost (BFC), Solana (SOL) and Cardano (ADA) are trending positively with consistent gains. All of these examples are cryptocurrencies derived from blockchain programs or middleware, giving them additional stability over their competitors. While other cryptocurrencies may explode and skyrocket in the short term, many will fizzle out before delivering more substantial gains over a longer period of time.
BFC belongs to the Bifrost middleware program that supports multi-chain technology. As the technology is adopted on a broader scale, its native cryptocurrency may follow suit. Bifrost (BFC) is up 290% in the past week and 1339% in the past month. At its current valuation of $0.5474, it’s still pretty affordable.
Cardano (ADA) is a blockchain platform with a positive message to change the world for the better. The pitch to “changers, innovators, and visionaries” is clearly working as ADA is up 23% over the past seven days and 115% over the past 30 days. The current price is $2.51 — the backing of the blockchain platform should make this valuation more stable than most standalone cryptocurrencies.
SOL is derived from the Solana blockchain and is easily the most famous example. SOL ranked 10th overall and is currently worth $72. The token hit an all-time high this month on the back of explosive growth, thanks in large part to the increasing adoption of its native blockchain. However, it is the most expensive investment if the Solana blockchain continues to prosper, and so will its native cryptocurrency SOL.
Of course, there is still no guarantee that these cryptocurrencies will continue to rise. The market is extremely volatile and notoriously difficult to predict, so traders invest at their own risk.
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