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What Will Be the Next Big Cryptocurrency in 2022

What Will Be the Next Big Cryptocurrency in 2022?

  • 16 February 2022
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Despite Bitcoin’s dramatic price jumps and falls, the cryptocurrency is now a recognized asset class for retail and institutional investors alike. Crypto is no longer a marginal investment reserved exclusively for tech startup employees and executives. The first Bitcoin and Ether ETFs were approved in early 2021, and trading on the Toronto Stock Exchange began, allowing more investors to take a position on Bitcoin and Ether. Having personally spent years tracking and investing in cryptocurrencies, it is clear that while bitcoin continues to dominate the conversation about crypto as an asset class, it is not the only coin to invest in. If you are here then you want to invest in the next big cryptocurrency. Here’s our list of the ones to watch out for.

The Next Big Cryptocurrency in 2022

More than 5,000 cryptocurrencies are currently available, but fewer than 1,000 are actively traded on exchanges and even fewer have viable economic prospects.

At the risk of your head spinning, here are the cryptocurrencies we’re currently watching. Before you get started, ask yourself, “Which one of these will be there in 10 years?”

The next major cryptocurrency markets are very volatile and as an investor, you must have the courage to tolerate dramatic price swings.

If we learned anything from the crypto market in 2017 and 2018, it’s that what goes up usually comes down – and many coins don’t come back!

Top 10 Next Big Cryptocurrency to buy in 2022

BTC, Bitcoin Cash, Ripple, Ethereum, and Litecoin round out the top 5 cryptos. The current market cap of all cryptocurrencies is around $237 billion; Almost two-thirds of these are represented by Bitcoin and Ethereum.

  1. Bitcoin

It is the oldest and most well-known cryptocurrency and is still one of the best investments you can make in crypto. Bitcoin is available on almost all cryptocurrency exchange platforms and is also the most widely used next big cryptocurrency for payments. Additionally, because bitcoin is so well known, its price is much more stable than some of the newer coins on the market.

However, the age of Bitcoin is also working against it. The technology behind bitcoin is old and inefficient compared to newer cryptocurrencies on the market and is regularly criticized for the negative environmental impacts surrounding mining and the use of bitcoin.

  1. Ethereum

Ethereum was developed by Russian techie Vitalik Buterin in 2015 and has a current market cap of around $40.6 billion. Atrium is designed to create “smart contracts” that are “if / then” commands. It could be something like, “If Sally is never late for work, she’ll get paid xx$,” or if you enter specific dates, you’ll get a soft drink. If you put together many smart contracts, you get what is known as dApps, decentralized applications. dApps are tamper-proof because they connect the user and provider directly, cutting out the middleman who stores the information and has control over it (think Gmail). The vast majority of cryptocurrencies are dApps running on the Ethereum blockchain. Since April 2021, Ethereum has started to enter the mainstream with its appearance in a few new ETFs on the TSX, giving Canadians another opportunity to buy this cryptocurrency.

  1. Dash

Dash has one simple mission: to become your digital money. The coin was created in 2014 and aims to compete with credit cards and PayPal as a means of payment wherever you shop. The coin prides itself on providing instant transactions with low fees. Dash has a bright future as retailers online and offline expand their acceptance of cryptocurrency as a payment method.

  1. Litecoin

Litecoin is a crypto that launched in 2011 and was founded by a former Google engineer. It enables fast, low-cost global payments through its decentralized network. It is said to be a faster version of Bitcoin with a larger supply of coins, leading to it being often compared as “the silver to the gold of Bitcoin”. While it was a very popular choice alongside Bitcoin and Ethereum in 2017, it hasn’t quite made the same recovery as those coins in 2020. Still, its technical advantages and credibility make it a likely long-term contender in the crypto world.

  1. Ripple

Founded in 2012, Ripple is based in San Francisco with offices in 27 countries. Ripple focuses on multi-currency transactions that are cheaper and faster than Bitcoin. By the end of 2017, the company had already registered more than 100 international banks on its RippleNet platform. To date, the coin is up almost 300% in 2020. Ripple is estimated to have a market cap of $332 billion. Its token is called XRP.

  1. Dogecoin

Dogecoin (DOGE) was one of the most popular and volatile cryptocurrencies of the year. Its rise in value came as a surprise because it was never meant to be taken seriously. Dogecoin is a meme coin. It pokes fun at internet culture and cryptocurrency, but it has made many investors seriously rich. Dogecoin will likely never become a legitimate cryptocurrency for storing assets or transactions, but its volatility and nature mean it’s likely to stay around for a while, just for fun.

  1. Tether

Tether (USDT) is a unique cryptocurrency as its value is “pegged” to the US Dollar. Each Tether coin remains valued at $1, which protects it from the large price swings that are characteristic of most cryptocurrencies. This has earned it the characterization as a “stablecoin” and could pave the way for the future digitization of the US dollar. A tether is a great option for those looking for a stable cryptocoin to store value in.

  1. Binance Coin (BNB)

Binance Coin (BNB) was launched by the Binance Decentralized Exchange or DEX in mid-2017. You can buy and sell thousands of different cryptocurrencies on the DEX, but users get a discount if they pay fees on Binance. As DEX is the largest cryptocurrency exchange in the world, this incentivizes users to trade with Binance, ensuring its longevity and growth.

  1. Cardano

Cardano considers itself a “third wave” cryptocurrency technology that lies behind Bitcoin and Ether. The Cardano blockchain runs on its coin ADA, meaning it competes directly with Ethereum. Like Ethereum, Cardano also runs dApps using smart contracts but aims to be more scalable and efficient.

  1. Polkadot

It is a unique cryptocurrency that has gained extraordinary traction in 2021. Polkadot uses Web 3.0 technology to create a multichain architecture and allows different blockchains to interact with each other. His focus is on creating consensus, interoperability, and shared security between multiple blockchains. In addition, the technology can update automatically without the need for a fork like other cryptocurrencies.

How to identify the Next Big Cryptocurrency

The best way to understand the next big cryptocurrency is to realize that it is much more a technology than a currency. Think about how much the internet has changed since its inception in the 1990s. The first rendering of the Internet with static web pages was Web 1.0 technology. When it became more interactive and users added content, especially through social media, that was Web 2.0 technology. Blockchain and cryptocurrency are Web 3.0 technologies.

Use this analogy: think of bitcoin the same way you thought of your very first PC. Innovative but now a bit slow and clunky compared to your new laptop or mobile phone. Bitcoin is your PC, Ethereum is your laptop, and Altcoins are comparable to cell phones and tablets. You probably won’t get rid of your desktop computer or laptop even though you now have a mobile phone, just like you shouldn’t sell your bitcoin or ether. It’s hard to know which new smartphone or tablet to get because there are new ones every year and technology changes so quickly. You choose one that suits your needs and maybe even try to own both a mobile phone and a tablet.

There is no “next BTC” because bitcoin was the first cryptocurrency and will always be the first cryptocurrency. However, there are new and different cryptocurrencies with new and different features as they are based on brand new technology. This new technology will have uses and uses that we can’t even dream of yet!

Investing in the next big cryptocurrency is not about investing in a financial asset. It’s about investing in new technology and the future it will bring.

Where do I buy cryptocurrency?

You cannot buy bitcoin from your local bank or even from the stock exchange with your brokerage account. To buy and sell digital currency, you need a digital wallet and platform that allows you to trade digital currencies.

Wealth Simple Crypto

Wealthsimple launched Wealthsimple Crypto which allows you to buy and sell digital currencies through their platform. If you are an existing Wealthsimple Invest or Wealthsimple Trade customer, you will recognize the same outstanding user experience with the Crypto platform.

For a limited time, get a $50 cash bonus when you open a Wealthsimple Crypto account and fund it with at least $150.

Wealthsimple recently added several new altcoins to its platform. In addition to BTC and Ethereum, you can now trade Dogecoin, Litecoin, Bitcoin Cash, Chainlink, and more. Wealthsimple is constantly innovating and adding features to its platforms, so we can expect to see even more cryptocurrencies supported in the future.

Coinsquare

If you find the Wealthsimple Crypto choices too limiting, Coinsquare is your next best choice. Coinsquare supports all major coins like BTC, Ethereum, Litecoin, Ripple, and more. On this platform, you can create a much more complete portfolio of cryptocurrencies.

Coinsquare’s extremely low fees set it apart from the competition, but new deposits are subject to a 7-day hold period. With cryptocurrency prices so volatile, a full week’s hold feels like an eternity when you’re waiting to invest!

Coinbase

Coinbase is another good choice if you’re looking for a cryptocurrency platform that supports a range of different coins. You can buy BTC, Ethereum, and Litecoin. You can also purchase altcoins like Chainlink, Dash, EOS, and Tezos.

Coinbase allows you to buy a fixed amount of cryptocurrency weekly or monthly, making it easy to automate your investment portfolio. You can even charge a credit card directly, making it easy to fund your account and even earn credit card rewards for your cryptocurrency purchases. This convenience has a downside. Coinbase charges very high fees compared to its competitors, charging $0.99 to $2.99 ​​per trade. If you buy bitcoin with a debit card, you have to expect fees of 3.99%. Oops!

Next Big Cryptocurrency: Conclusion

When it comes to investing in cryptocurrency, there is still tremendous risk and volatility involved. Since crypto’s peak in 2017 and subsequent crash in 2018, some coins have shown that they are likely to be here to stay.

When investing in cryptocurrency, make sure it fits into your overall investment strategy. Just as you wouldn’t put all your money in a single stock, you shouldn’t put all your money in a single coin. Diversify your investments into the next big cryptocurrency while making sure you stay invested in the traditional stock market. Finally, you should also confirm that you are familiar with the latest crypto trading tips and best practices before you start buying and selling.


Why Bitcoin cloud mining?

An unknown individual or group called Satoshi Nakamoto introduced the Bitcoin network to the world in 2009. In 2021, there are more than 10,000 different projects in the field of cryptocurrencies. Each of them has its role in building the future of money.

The market value of cryptocurrencies reached $ 1 trillion for the first time in January 2021. It passed $ 2.5 trillion less than three months later. It shows that this market is one of the growing markets in the favor of its investors.

Bitcoin Cloud Mining is the process by which you participate in a mining pool to a cloud miner website and purchase a certain amount of hash power. In this pool, the profit will distribute equally among all participants who have participated in the mining pool. It will happen based on hash power. The cloud miner platform allows you to mine your BTC without installing any hardware and at no extra cost. Minerland, the best crypto cloud mining service, helps you invest in Bitcoin easily and with low risk.

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