Cryptocurrency is one of the most talked-about subjects in investing. Since Bitcoin emerged, everyone has been looking for that next big crypto coin. With new crypto coins popping up, investors are on the lookout to find the crypto coin that will make them rich.
With the new year quickly approaching, there are a few predictions for crypto in 2022. If you are looking to find the next big crypto coin to invest in, you are in the right place. Here’s what you need to know about finding the next big crypto coin to invest in.
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When it comes to investing in the next big crypto coin, you must mention the Binance coin. The reason is that Binance is a top-rated crypto exchange when it comes to trading volume. It is also the third-largest in terms of market cap.
What makes Binance coin earn a spot on this list is its hard limit on the number of tokens in circulation. This has caused the Binance coin price to skyrocket in 2021, and there are no signs of it slowing down in 2022.
Binance is also reinvesting its profit to “burn” tokens, which means removing part of the tokens in circulation. This will also help increase the value of the remaining tokens.
Another cryptocurrency that can be considered the next big crypto coin is Algorand. This blockchain-based cryptocurrency is one of the best scalability, decentralization, and security. Algorand uses a specific algorithm to support the functionality of smart contracts.
Algorand may be the next big crypto coin in 2022 because the creators of this crypto are focused on eco-friendliness. In addition to that, Algorand is ranked at the 20th highest market cap. Those making crypto investments with Alogrand could see significant returns in the new year with some possible price fluctuations.
Buying crypto-like Decentraland in 2022 may prove to be lucrative to your portfolio. This cryptocurrency is used for virtual reality games. Decentraland uses the Etherium blockchain allowing the MANA token to be used as in-game currency.
When users hold MANA, they can use it to buy goods, services, land, or create and monetize the content they created. While Decentraland has seen some volatility, it has also seen a 4,600% increase. With a jump like that, it is certainly possible it could be the next big crypto coin.
One of the last cryptocurrencies that could explode in 2022 is Ethereum. Since Ethereum is the world’s second-largest cryptocurrency, investors should take note.
Ethereum 2.0 is set to launch any day now, and with the price being on the rise since late July of 2021, you don’t want to miss out on the action. You can buy Ethereum also.
Since ETH holders have access to a sustainable and reliable cryptocurrency, this can be a sound investment.
While no one can predict the future, the coins on this list certainly have the potential to be the next big crypto coin. Whether you choose to invest in the ones that made the list or have your favorite crypto coin, remember to support only what you are willing to lose.
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