Crypto Coins Set To Explode | Which Crypto Coins Will Explode in 2022

There are almost as many crypto coins out there as there are general stock market listings. However, the competition is so fierce that only the strongest and most innovative survive. According to experts, we are currently in the “golden age” of cryptocurrencies. Many new tokens have entered the market in recent months, but only a handful will remain relevant over time. The ability to choose from such a large number of different coins is both good and bad: good because it gives investors lots of options; bad because it’s easy for even savvy people to get confused about which ones are worth investing in. After Bitcoin, Ethereum, Litecoin and a few other top-rated coins, there’s a whole range of lesser-known digital currencies that seem like they might not make it much further than their current position on CoinMarketCap.

Cardano

Since the dawn of digital currencies, people have been searching for a more efficient and secure way of making and receiving payments online. Cardano is a new crypto coin that aims to be a “third generation blockchain,” which is a fancy way of saying it’s not just a digital asset like Bitcoin or Ethereum: it’s a full-fledged platform designed to host applications and smart contracts. How that will actually work is still being developed and tested, so we can’t say for sure whether Cardano will be as successful as its creators hope, but it’s definitely a step in a different direction. Cardano is backed by a large team of developers and scientists (some of whom have worked on other well-known crypto projects in the past) who have invested a significant amount of time and money in developing their product. There’s a lot of hype around the coin right now, which means that it’s not a good time to buy in. Wait until more concrete results have been published and the team has a few more wins under their belt before investing in Cardano.

EtherCoin

Of all the digital assets out there, EtherCoin is the one that most closely resembles Bitcoin, both in terms of function and the sort of people who tend to invest in it. EtherCoin is a “compile-to-go” decentralized application platform that lets users create and run their own smart contracts and decentralized applications (DApps). It uses a “Turing complete” smart contract programming language, which is a fancy way of saying that it’s capable of solving any computational problem that is possible to solve with a computer. The primary benefit of this is that it eliminates the need for a “central authority” to verify transactions and keep the network secure: users create and secure the network themselves. EtherCoin emerged out of the Ethereum network (which is detailed below), but it has since become its own independent entity. However, there are still a lot of parallels between the two currencies. Investors who like Ethereum’s business model have a good chance of liking EtherCoin too.

Litecoin

Litecoin is a newer crypto coin that was created as a “decentralized digital currency” that was a “faster and cheaper” alternative to Bitcoin. It’s still too early to tell whether Litecoin will truly deliver on this promise, but there are some indications that it’s on the right track. Unlike other “altcoin” networks, Litecoin was designed from the ground up to be secure, scalable, and usable. It was released in 2011, two years before Bitcoin, and it has a market cap of over $10 billion. It’s currently the 7th most valuable digital asset in the world and one of the most popular. It’s also well-known for having a dedicated and responsive development team, which is often a sign of a promising future.

Neo

Neo is a “decentralized network for the smart economy.” It’s another blockchain platform designed to host smart contracts and DApps, but it also has a native token (known as GAS) that can be used to pay for things on the network. Essentially, GAS acts like a usage-based fee: the more you use the network, the more GAS you have to pay. Depending on how popular Neo becomes, this could be a very lucrative investment for early adopters. Neo is currently one of the most popular “public chains” in the world. It’s the only “Chinese blockchain” that people are really talking about and it has a market cap of over $4 billion. There are some debates about how secure and scalable the network is, but it’s definitely worth keeping an eye on.

Ripple

Ripple is a “decentralized network for financial transactions.” It’s a platform designed to let people quickly and easily send money around the world at low cost. It currently has a market cap of nearly $10 billion and it’s been listed on the fourth-largest crypto exchange in the world, which is usually a good sign. There are many people who believe that Ripple is a “sleeper hit” that could be one of the most significant crypto assets in five years. There are some significant concerns about Ripple’s long-term viability, however. For one thing, the network is centralized; the company behind the coin owns and controls most of the nodes on the network. This is a big disadvantage compared to other crypto projects that are completely decentralized. It’s also difficult to use, which means that it will be difficult to grow its user base.

Stellar Lumen

The Stellar Lumen network is a “decentralized credit network.” It’s a digital currency designed to facilitate low-cost cross-border transactions. The idea is that you can use the network to send money to any person or business across the globe and they can convert it into their own local currency. This is an ambitious project, but it’s one that could have serious implications for people living in poverty who currently lack reliable access to financial services. Stellar Lumen is still a fairly new network and there are questions about how scalable and secure it is. There’s been a lot of talk about it recently, so if it survives a few more tests and scales up, it could become a dominant cross-border payment platform.

Conclusion

There are many new crypto coins that have entered the market in the last few years. Most will fail, but a few will go on to become as valuable and important as Bitcoin. Before investing in a new coin, do your research and only choose the ones that are likely to succeed. For crypto coins, the future is bright. New digital assets will continue to be developed and released, and only the strongest and most innovative will survive.