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The next cryptocurrency to explode in 2022

21 Jan, 2022 Eduardo Ricou
The next cryptocurrency to explode in 2022

Crypto investors had a very good year in 2021. The total market capitalisation of the crypto market increased over the year from $776 billion to $2,230 billion, reaching its all-time high of $2.975 trillion on 10 November 2021. At the same time, there were cryptocurrencies whose price growth far exceeded that of the crypto market as a whole, generating mind-blowing profits for their investors. Of course, any crypto investor would like to know which coins will skyrocket in the same way in 2022. What are the next crypto coins to explode in 2022? Let's figure it out.

What's the next cryptocurrency to explode in 2022?

While investing in leading cryptocurrencies such as Bitcoin and Ethereum is much safer than in cryptocurrencies with smaller market caps, you can no longer expect them to show truly impressive growth. Therefore, to find the next potential 'gold mine', you need to search among lesser-known cryptocurrencies. We have compiled a selection of cryptocurrencies that have a chance to generate large profits in 2022.

However, remember that investing in cryptocurrency is highly risky. No one can reliably predict how the price of any cryptocurrency will change. Always do your own research before investing, and don't invest money you can't afford to lose. At the moment, the crypto market is in a state of uncertainty, and the trend may well become bearish. If this happens, the chances that any of the listed cryptocurrencies can bring a good profit will decrease dramatically.

Elrond (EGLD)

Elrond is a blockchain platform aiming to be an ecosystem for the "new internet". The Elrond network can process up to 15,000 transactions per second, making it one of the fastest blockchains available. Elrond's developers are building an ecosystem by adopting successful solutions from various competitors. Currently, the price of the Elrond token is more than two times lower than the historical higher while the project keeps developing.

EGLD price statistics (as of 19/01/22)

EGLD current price

$172.63

Market rank

#43

Market cap

$3,488,427,358

Circulating supply

20,207,456 EGLD

Max supply

31,415,926 EGLD

Daily trading volume

$148,976,488

All-time high

$542.58 (23/11/21)

All-time low

$6.54 (07/10/20)

Website

https://elrond.com

EGLD/USD historical price chart
EGLD/USD historical price chart

Chainlink (LINK)

One of the blockchain industry's important needs is the need to receive data from the world outside the network. The decentralised oracle service Chainlink aims to solve this problem. The growing demand for such solutions makes this project very promising.

LINK price statistics (as of 19/01/22)

LINK current price

$22.18

Market rank

#21

Market cap

$10,356,554,790

Circulating supply

467,009,549 LINK

Max supply

1,000,000,000 LINK

Daily trading volume

$1,082,808,285

All-time high

$52.88 (10/05/21)

All-time low

$0.1263 (23/09/17)

Website

https://chain.link

LINK/USD historical price chart
LINK/USD historical price chart

Decentraland (MANA)

Decentralised virtual reality platform based on Ethereum. Decentraland is a metaverse designed to connect content creators and consumers. While the project's token already experienced significant growth in 2021 (as many of the other coins listed here have), the ongoing metaverse hype could fuel its continued growth.

MANA price statistics (as of 19/01/22)

MANA current price

$2.81

Market rank

#32

Market cap

$5,128,334,424

Circulating supply

1,824,514,235 MANA

Max supply

-

Daily trading volume

$339,010,206

All-time high

$5.90 (25/11/21)

All-time low

$0.007883 (13/10/17)

Website

https://decentraland.org

MANA/USD historical price chart
MANA/USD historical price chart

Audius (AUDIO)

Audius is a decentralised music streaming platform. On Audius, any musician can upload and monetise content. You don't need to sign a record deal or have a large following to start distributing music on your own terms. And despite the platform's relatively low popularity, many experts are already calling it a competitor to Spotify.

AUDIO price statistics (as of 19/01/22)

AUDIO current price

$1.30

Market rank

#112

Market cap

$671,281,384

Circulating supply

515,745,635 AUDIO

Max supply

Unlimited

Daily trading volume

$14,204,965

All-time high

$4.99 (27/03/21)

All-time low

$0.07774 (03/11/20)

Website

https://audius.co

AUDIO/USD historical price chart
AUDIO/USD historical price chart

Which coins were the best in 2021?

It's sometimes useful to look at cryptocurrencies that have already skyrocketed in value to analyse the reasons why. We have listed the coins that showed the most impressive growth in 2021. We didn't mention low-liquid cryptos and only listed those that made it into the Top 100 cryptocurrencies.

Best performing cryptocurrencies in 2021

Name

Price ($)

Market cap ($)

Yearly performance

The Sandbox (SAND)

6.07

5.58 billion

+16,256%

Axie Infinity (AXS)

96.42

5.87 billion

+16,160%

Polygon (MATIC)

2.62

18.77 billion

+14,496%

Terra (LUNA)

90.24

32.71 billion

+13,808%

Fantom (FTM)

2.28

5.81 billion

+13,007%

Bonus: The next cheap cryptocurrency to explode in 2022

As digital assets, cryptocurrencies are divisible, and you don't have to buy a whole Bitcoin to invest in it. Despite this, many crypto investors are interested in promising coins with a low price per unit. So, what is the next penny cryptocurrency to explode in 2022? We list some candidates below.

Theta Fuel (TFUEL)

Theta is a decentralised video streaming network that uses the excess bandwidth and computing resources of users to improve video quality. Given that the video streaming niche is large and continues to grow, as well as the advantageous features the project has compared with its centralised competitors, the token's price is quite likely to increase noticeably.

TFUEL price statistics (as of 19/01/22)

TFUEL current price

$0.20

Market rank

#43

Market cap

$1,065,058,157

Circulating supply

5,301,214,400 TFUEL

Max supply

Unlimited

Daily trading volume

$154,552,182

All-time high

$0.6807 (09/06/21)

All-time low

$0.0008894 (13/03/20)

Website

https://www.thetatoken.org

TFUEL/USD historical price chart
TFUEL/USD historical price chart

Ravencoin (RVN)

The main goal of the Ravencoin platform is to simplify the creation and transfer of assets. The platform makes it possible to create digital assets and tokenise almost everything that has value. Tokens created on this platform have a number of advantages over tokens created on other platforms. In addition, the project continues to develop and enjoys the support of the crypto community. All this suggests that the coin price is still far from the maximum.

RVN price statistics (as of 19/01/22)

RVN current price

$0.0847

Market rank

#94

Market cap

$887,089,764

Circulating supply

10,473,290,000 RVN

Max supply

21,000,000,000 RVN

Daily trading volume

$40,019,194

All-time high

$0.2854 (20/02/21)

All-time low

$0.008794 (13/03/20)

Website

https://ravencoin.org

RVN/USD historical price chart
RVN/USD historical price chart

VeChain (VET)

Supply chain management is one of the most promising niches for the application of blockchain technology, and the VeChain platform doesn't only aim to fill this niche but also to go beyond it, becoming a "blockchain for businesses". The project is being developed by an experienced team and has many major partners.

VET price statistics (as of 19/01/22)

VET current price

$0.07225

Market rank

#34

Market cap

$4,647,087,488

Circulating supply

64,315,576,989 VET

Max supply

86,712,634,466 VET

Daily trading volume

$215,929,42

All-time high

$0.2782 (17/04/21)

All-time low

$0.001678 (13/03/20)

Website

https://www.vechain.org

VET/USD historical price chart
VET/USD historical price chart

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