Next Cryptocurrency to Explode in 2023

The cryptocurrency market had a 50 percent increase in value last year and was growing at breakneck speed every day. Naturally, it’s getting a lot of attention these days and many individuals are putting money into it.

Interested in seeing the next cryptocurrency to explode in 2022?

Let’s go over some brand new crypto coins!

What Crypto to Invest in This Year

Best Cryptos to Invest in During 2022

Let’s dive into the world of cryptos, to help you pick a crypto coin to invest in this year.

Ethereum (ETH)

• Launched: July 30, 2015
• Market cap: $318,739,221,259

Looking for a cryptocurrency to invest in?

Ethereum is a decentralized, open-source blockchain technology. It’s considerably larger than Bitcoin’s and will most likely continue to expand at a quicker rate in the future.

Despite the platform being able to support a significantly higher number of applications and currencies, its main and most valuable token is the native ETH coin.

Ether (ETH) was created as a transaction currency on the Ethereum blockchain but is also seen as a payment option outside of it. At the moment, Ethereum (ETH) is the second most pricey digital currency and one of the most promising crypto coins for 2022.

Cardano (ADA)

• Launched: September 2017
• Market cap: $34,283,923,988

Founded by Charles Hoskinson, Cordano is a third-generation open-source blockchain currency with built-in layers that can power financial applications used by businesses, consumers, and governments all around the world.

Cardano allows you to send and receive digital money in a secure, quick, and cryptographically secure manner. Aside from validating transactions, this decentralized system also makes sure that the system is robust and completely free of errors, thus earning its spot on the crypto coins to watch lists.

Cardano uses a “proof-of-stake” method, in which users who hold the currency can validate transactions and earn a profit. This “staking” incentive might be enticing to some people and allows you to participate in staking at little or no cost, which is exactly what makes Cardano the next big cryptocurrency.

Solana (SOL)

• Launched: March 2020
• Market cap: $30,485,300,368

Invented by Anatoly Yakovenko, Solana is the number one next crypto to blow up.

Solana uses a set of new crypto solutions that make crypto networks much more powerful and significantly faster. The platform may interact with autonomous contractors and can process up to a staggering 50,000 transactions per minute.

Naturally, the costs are lowered to the bare minimum, similar to other cryptos out there.

So what makes Solana a good crypto to invest in?

Solana’s primary objective is to demonstrate a possibly useful set of blockchain software algorithms, with its main goal being to show a collection of useful blockchain development software tools. That said, Solana is definitely on its way to a bright future.

Polkadot (DOT)

• Launched: May 26, 2020
• Market cap: $18,201,995,255

Polkadot is a new type of blockchain architecture that aims to link multiple blockchains into a single unified network, making it scalable, secure, and decentralized. The network’s most exciting cryptocurrency is its native token DOT.

The goal of this upcoming cryptocurrency is for separate blockchains to communicate by linking themselves to the Polkadot network so that it’s able to process multiple chains at once, up to a total of almost 1,000 transactions per second.

Make sure to add it to your crypto coins to watch list.

Bitcoin (BTC)

• Launched: January 3, 2009
• Market cap: $693,954,763,961

Bitcoin managed to surpass everyone’s expectations. Despite the common drops, it’s still the most expensive cryptocurrency.

Why is that?

Every transaction made using Bitcoin is recorded in the blockchain, which keeps track of its real value, payment duration, but also trader and customer names and identification numbers.

Any transaction history may be viewed by anyone with an internet connection, thanks to bitcoin’s decentralized and open nature. However, even though it makes up for spotless transparency, the identities of its users are completely concealed.

The BTC is definitely here to stay and stands as the best cryptocurrency to buy now.

Lumen (XLM)

• Launched: July 31, 2014
• Market cap: $4,774,454,891

Stellar is a company founded by Jed McCaleb and Joyce Kim. It’s another addition to the peer-to-peer networks, that employs monetary technology to connect financial companies, but manages to dramatically lower costs as well as time for cross-border transactions.

This type of architecture is what makes the Stellar network a brand new cryptocurrency to invest in.

Lumen, the native Stellar coin uses a blockchain-based platform that is decentralized, thus, each node is linked but not regulated by any single authority in the world.

Watch out for the XLM coin this year, it might be just what you’re looking for.

Avalanche (AVAX)

• Launched: September 2020
• Market cap: $16,219,724,558

The Avalanche platform is a smart-contract platform, which makes it easy for developers to create self-executable programs that, in turn, improve the execution of broker agreements.

What is more, it’s a multi-chain framework with a total of three blockchains, each handling distinct responsibilities. To provide developers maximum flexibility and control over their applications, the system uses a different data structure than Bitcoin and other blockchains.

The main cryptocurrency of the platform is the Avalanche crypto coin AVAX, which has significantly risen in value in the past two years.

Finishing Thoughts 

You can never really know what is the next cryptocurrency to explode in 2022, but previous performances definitely help us generate predictions for the future.

However, note that it’s always advised to do some research, analyze the market cap and maybe consult an investor or two before you decide to invest in cryptos.