Which Top 5 Cryptocurrencies Are Going to Explode in 2021-2022?

What cryptocurrency to invest in when new coins appear on the market almost every day? Of course, you shouldn’t forget the largest assets in terms of market cap, but what other coins to choose from? Today, we will consider the most promising cryptocurrencies for 2021-2022. Let’s get started!  

#1 Bitcoin (BTC)

In October, investors changed their investment preferences in favor of Bitcoin. The reason for this was the expectations of a massive launch of ETFs based on digital gold and the expectations of further steps by the US authorities.

According to Bloomberg sources, the industry will soon receive a comprehensive regulatory strategy. Based on previous statements by officials, we can assume that regulators will choose a rigid approach towards most cryptocurrencies. Thus, the market may be divided into assets recognized by the US authorities and those that do not have this status.

Obviously, Grayscale Investments and its competitors have high chances of falling into the first category, in addition to ETH and BTC.

1 Month BTC Price Chart

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#2 Binance Coin (BNB)

On October 12, Binance launched a fund to develop and support the Binance Smart Chain ecosystem, leveraging its native token. The level of the fund will amount to an impressive $1 billion, of which a tenth will go directly to the liquidity mining program. MCDEX.io and Deri.finance will become the first participants of this program. 

The token of the Avalanche project that launched similar incentives in less than two months increased in price 2.23 times after this event. One should not expect such dynamics from the BNB and its ecosystem due to its large scale, but it is clear that the positive effect will be noticeable.

1 Month BNB Price Chart

#3 Cardano (ADA)

If you’re thinking about which cryptocurrency to buy in 2021-2022, just take a look at Cardano. Its ADA token, which is in fourth place in terms of market cap, may overtake its competitors after its official launch in the DeFi space. 

The trigger for buyers can be the news about the unlocking of deploying smart contracts (this function appeared after the Alonzo hard fork in September). In addition, the team predicts that hundreds of projects will be launched by the end of the year.

3 Month ADA Price Chart

#4 Ripple (XRP)

The XRP token may receive a positive revaluation and become a promising cryptocurrency due to litigations decided in favor of Ripple. The company may be able to prove that XRP is not a security. 

In late September, Ripple launched a $250 million fund and announced its ambitions with NFT. The main payment business of the company is also developing. Ripple’s technical solution can be used to launch CBDCs by several central banks in Asian countries and the UK.

1 Month XRP Price Chart

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#5 Polkadot (DOT)

Polkadot, like Cosmos, is focused on solving the problem of blockchain interoperability. The first series of auctions to launch 11 parachains will run from November 11 to December 15 every seven days. After eight days, the next series starts, which will continue until March 9. The community should approve such proposals.

Potential projects need to have a sufficient amount of DOT to participate in auctions. The cryptocurrency will also be supported by the news about the integration of DOT with Wanchain, which is a set of bridges to Ethereum, Avalanche, Moonriver, and Wanchain.

1 Month DOT Price Chart

Conclusion

Bitcoin is promising but not the only investment option in the digital asset market. Many altcoins are worthy of attention, as they generated more profit than BTC during the crisis. Today, we have considered the most promising coins for 2021-2022. Which ones to choose is up to you!

Which coin do you consider the most promising one today? Feel free to share your ideas in the comments below!

Disclaimer

This article is not an investment recommendation. Investors should take into account that the cryptocurrency market is very risky, and they make their investments at their own peril and risk.

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