Cryptocurrencies are expected to gain more popularity in the coming years due to their increased profit-generation
There is no doubt that the crypto market has changed and, most importantly, grown leaps and bounds, since the emergence of the first cryptocurrency Bitcoin in 2009. BTC grew more than 80% last year, taking the crypto market capitalization to new highs. The world’s largest investment funds are actively investing in various crypto assets, reaping the benefits of a decentralized market. These factors clearly suggest that the industry is on an uptrend, and most likely, this trend is not slowing down any time soon. Millions of investors strive to keep track of the top cryptocurrencies that might explode in the future to gain maximum profits in between the volatility of the market. Major coins have risen exponentially over the past months, especially the altcoin domain is booming with hopeful crypto investors trying to acquire the best of the digital currency domain. Experts believe that crypto investments in March are likely to increase exponentially due to speculations about a crypto boom. In this article, we have listed the top cryptocurrencies that have the best chance of exploding in March 2022.
Ethereum is the second-largest cryptocurrency after Bitcoin in terms of market cap. Technologically, this cryptocurrency offers a wide range of applications, and one could define its main function as exchange automation. Ethereum smart contracts reduce bureaucratic hurdles and enable two parties to make a deal without intermediaries, and that too with low transaction fees.
Decentraland is a virtual reality gaming platform based on the Ethereum blockchain. The platform allows users to create any programs that can be used in gaming reality and can be monetized. The project has virtual plot lands called LAND, where users build projects and live in this virtual world. The project’s prospects are capable users who make cryptocurrencies a profitable investment.
XRP is the currency that runs on a digital payment platform called RippleNet. The token was created by Ripple to be a speedy, less costly, and more scalable alternative to both other digital assets and existing monetary payment platforms like SWIFT. The XRP ledger can process transactions roughly within 3-5 seconds, and it is also among the most affordable cryptocurrencies in the market.
Cardano is a proof-of-stake blockchain platform that says its goal is to allow visionaries and innovators to bring a positive change in the world. This open-source project aims to redistribute power from unaccountable structures and create a more transparent, fair, and secure community.
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. LUNA combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin and offers fast and affordable settlements. LUNA is generally used by experts to stabilize the price of the protocol’s stablecoins.
Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating the cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchain to be interoperable with each other. Polkadot was designed to provide a decentralized internet of blockchains, Web 3.0. The rising popularity of the Web 3.0concept has also led to an increased number of investments in Polkadot.
Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players. AXS allows players to collect, breed, raise battle, and trade token-based creatures known as Axies. The ecosystem also has its own unique governance token called the Axie Infinity Shards (AXS).
Binance crypto exchange now comes fourth in the top cryptocurrencies list, based on market capitalization. It has one of the highest ROIs in the entire market, which makes it a solid investment choice for 2022.
As we know, if Bitcoin is the gold, then Litecoin is the silver. LTC’s technology was basically taken from Bitcoin. But for Litecoin, the primary focus has been to offer minimum transaction fees. One of the most prominent reasons why investors prefer this crypto is due to its transaction speed, which is four times more than Bitcoin’s.
Solana continues to strive to find new highs, attracting investors’ attention. For several months in a row, the SOL token has set new standards in the market. The year 2021 has brought along with it, the crypto’s first bull run. Investors are waiting for the crypto to explode in March 2022, producing another range of bullish price rallies.
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