Next Cryptocurrencies to Explode 2022

Cryptocurrencies have regained their free fall as prices gradually stabilise at several support levels. As investors search for the next crypto to explode, we explore some of the top digital assets you should pay attention to in the coming weeks.

1. Lucky Block (LBLOCK)

At the top is Lucky Block. This digital asset is a global lottery protocol built on the Binance Smart Chain (BSC) network. LBLOCK is gaining traction in mainstream crypto circles, following listings on crypto data aggregators Coinmarketcap and CoinGecko and famous DEX aggregator Dextools. In recent news, Lucky Block modernises its network to make it more exchange-friendly while preserving its unique tax scheme.

Lucky Block is an exciting project with a lot of potentials. From its presale price of $0.000015 to its formal introduction on popular decentralised exchange (DEX) site PancakeSwap at the end of January, Lucky Block surged over 1,300% in less than a week.

With a 24-hour trading volume of $2 million, the current Lucky Block price is pegged at $0.004584 USD – down by 1.33% in the last 24 hours. However, with a Relative Strength Index (RSI) of 56, the asset sits in the underbought region and its Moving Average Convergence and Divergence (MACD) shows a bullish outlook as the blue trend soars above the red. The digital token is trading well above its 20-day moving average (MA) price of $0.00451795.

2. Cardano (ADA)

Despite a slow start in February, Cardano’s native coin ADA has seen massive adoption in the last year. In the previous three months, the number of ADA wallet users has increased by 12.24 percent to over 3 million unique wallet holders. 

Cardano is a multi-layer open-source blockchain project that is used to operate financial applications by corporations, consumers, and governments throughout the world. Cardano’s total monthly value locked (TVL) jumped up 9.037 percent, with over $75 million flowing into the ADA ecosystem making it the next crypto to explode this year.

At press time, Cardano is down by 2.78% and trading at $0.811. ADA is a little below its 20-day moving average of $0.917 and its Relative Strength Index (RSI) is at 35, reflecting that the asset is underbought.

Cardano’s MACD is neutral as both the red and blue trends move together. This might be a good time to buy the asset at a discount.

3. Decentraland (MANA)

Decentraland is a browser-based framework for 3D virtual worlds. The blockchain project allows users to create, distribute, and monetise content and apps. 

Decentraland is gaining recognition as the next crypto to explode this year and in coming years as a first-mover in the fast-developing Metaverse ecosystem. Users may use the MANA cryptocurrency to purchase virtual plots of land on the site as NFTs.

Decentraland is a massively successful project that provides people with immersive spatial experiences. Between December 2020 and December 2021, the protocol’s user count Increased by 3,300%.

The current price of MANA is $2.3958 with a 24-hour trading volume of $362 million. MANA is trading lower than its 20-day moving average of $2.7131. The asset is down by $2.58 today and its Relative Strength Index (RSI) is at 40.59, the underbought region. Its Moving Average Convergence and Divergence shows a bearish trend, and this might be a good time to buy the asset at a discount.

4. Ripple (XRP)

Ripple is a money-transfer network that caters to the demand of the financial market. XRP is the native token of the Ripple network. XRP is another token worthy of being placed on our list of the next crypto to explode this year. XRP is ranked as the fourth-largest cryptocurrency by market capitalisation, per data from Coinmarketcap.

In a recent announcement, Ripple enabled on-demand liquidity across all payment corridors. The network can unseat the world of international wire transfers as we know it, and its XRP token will play a significant role in this. 

Ripple is currently up by 1.54%, with a 24-hour trading volume of $2 billion. The asset is trading at $0.7418. Its Relative Strength Index (RSI) sits at 49.21 showing that it is in the underbought region. It has a Moving Average Convergence and Divergence that shows a bearish outlook as the blue trend falls slightly below the orange.

5. Solana (SOL)

Solana is already one of the most popular coins from 2021. The SOL currency exploded in value in 2021 following a parabolic run. Investors who bought SOL in January 2021 for $1.40 are now sitting on a 13,000% profit. 

In comparison to competitors like Ethereum, Solana is substantially quicker in terms of transaction processing and has cheaper fees. 

The digital asset continues to grow in both size and market capitalisation. Since January, its network has gained 500,000 active members. SOL’s market valuation has risen to about $100 billion, making it one of the next crypto to explode this year.

Solana is down by 4.888% in the market and trades at $82.29. SOL is a little below its 20-day moving average of $90.51 and its Relative Strength Index (RSI) is at 39.24, showing that the asset is underbought.

Solana’s Moving Average Convergence and Divergence is neutral as both the red and blue trends move together. This outlook shows that this might be a good time to buy the asset at a discount.