Next Cryptocurrency to Explode 2021 – 5 Cryptocurrencies Screaming in September

Have you found yourself asking what the next cryptocurrency to explode in 2021 will be? If yes, you’re not alone. The crypto market has seen a mixture of bulls and bears vying for ultimate control, with each holding a huge sway over the burgeoning space. With the recent slump in prices, crypto enthusiasts are now searching for the next big crypto to explode as the year rolls to a close.

1. Solana (SOL)

Meant to rival the more established Ethereum network, the Solana blockchain is tasked to make decentralized finance (DeFi) the new norm. Sporting a hybrid consensus architecture of both proof-of-stake (PoS) and proof-of-history (PoH) timing mechanisms, Solana is one of the fastest blockchain protocols in the world. It averages a base transaction speed of 50,000 TPS, with founder Anatoly Yavenko promising that the blockchain aims for the 700,000 TPS mark.

This unique blend of the proven PoS algorithm with a newer PoH makes Solana a viable destination for decentralized applications (dapps) and non-fungible token (NFT) projects as Solana is more economical than the Ethereum network, which largely relies on proof-of-work (PoW) in validating transactions.

In the past month, Solana has been on a tear as NFT sales have spiked.

Moonrock Capital just acquired the 13th rarest @DegenApeAcademy NFT for 5980 $SOL ($1,109,170.40) pic.twitter.com/STkwJetRl1

— Moonrock Capital (@MoonrockCapital) September 11, 2021

Several dapps platforms have also integrated with the rival dapps facilitator, thereby shooting the protocol’s total value locked (TVL) up to $10.76 billion from $1.2 billion. This saw the value of the SOL token rally to an all-time high (ATH) of $214.96, reflecting a 430% increase from $23.49 in July.

Although it has since dropped in value, SOL is still sixth on the most valuable crypto ranks and is trading at $161.43, down 0.54% in the last 24 hours. Seven-day performance puts the digital token at a negative 23.31%. This dip is largely associated with the network going offline for almost 20 hours due to high network traffic.

If you are looking for the next cryptocurrency to explode in 2021, Solana is definitely one to look out for, given its growing influence.

2. Tezos (XTZ)

Much like Solana and Ethereum, the Tezos blockchain aims to bring about a global adoption of blockchain and DeFi in everyday business activities. However, it uniquely differs from both. The Tezos blockchain is built with longevity in mind. Conceptualized in a whitepaper by founder Arthur Breitman, Tezos offers more advanced smart contracts architecture.

Popular blockchain like Bitcoin and Ethereum have had to deal with hard forks and splits arising from dissatisfaction from community members. Tezos is created in a way to avoid this pitfall. To deal with this situation, the Tezos blockchain uses a “self-amending crypto ledger,” which allows it to improve and evolve without requiring a hard fork. Tezos terms itself as a secure, upgradable, and future-proof blockchain that is built to last.

Using a delegated proof-of-stake (dPoS) model, Tezos is more environmentally friendly and faster than the Ethereum network.
In price performance, Tezos’ native token XTZ has surged in value. At press time, XTZ is down 10.44% and trades at $6.75. Meanwhile, it has surged 42.89% in the past week showing a growing interest in the blockchain protocol.

3. SushiSwap (SUSHI)

You may be wondering why SushiSwap makes our list. SUSHI saw a meteoric rise in the last few weeks, making it a top contender for the next cryptocurrency to explode in 2021. A fork of the popular automated market maker (AMM) UniSwap, SushiSwap enables the seamless swap of two cryptocurrencies.

It is also a popular destination for liquidity providers (LPs) as it allows for automated trading liquidity for different digital assets. SUSHI is in high demand by DeFi users and arbitrage traders who want to capitalize on differences in price movements between exchanges.

Even though SushiSwap enables the exchange of assets, it does not use order books like most centralized exchanges. Instead, smart contracts are used to create markets for tokens, and users provide liquidity. SushiSwap introduces novel and efficient features than UniSwap.

Price-wise, SUSHI has benefited from this year’s crypto boom, rallying to an ATH of $22.91 in mid-March. Although it has since dipped, SUSHI is still on an uptrend and currently trades at $15.31, up 18.19% in the daily trading chart. Seven-day performance puts SUSHI’s rally at 27.96%.

4. Tron (TRX)

Featuring in our ‘next cryptocurrency to explode in 2021′ list is the entertainment-focused blockchain platform Tron network. Tron was created to decentralize and democratize the content distribution space by enabling permissionless tools, platforms, and protocols.

Tron uses smart contracts that enable development teams to build dapps for multiple purposes, including online games, decentralized exchanges (DEXs), yield farms, open lending platforms, and others.

The Tron network uses a dPoS consensus protocol which sees it process more than 2,000 TPS. The TRX coin is also performing well and is one of the top 50 tokens in the crypto space.

Following a poor start to the year, TRX has rallied more than 2,000% year-to-date (YTD), hitting a record value of $0.16 in mid-April. At press time, TRX is trading at $0.1161, down 0.37%. One week’s trajectory shows that TRX has risen 23.79% so far, with more uptrend expected.

5. COSMOS (ATOM)

Although not one of the crypto big wigs, Cosmos could be the next cryptocurrency to explode in 2021. This is largely due to the sporadic growth the network has seen in the past nine months.

Fondly termed the ‘Internet of Blockchains,’ the Cosmos network aims to solve the blockchain trilemma. It seeks to address slow, expensive, unscalable, and environmentally harmful blockchain issues by enabling an entire ecosystem of interconnected blockchains.

Cosmos is also developer-friendly as the protocol uses a modular framework to demystify the building of dapps platforms. Using Byzantine Fault Tolerant (BFT) protocol, Cosmos aims to remove the siloed concept that has seen several blockchain protocols operating in isolation.

The protocol’s utility token ATOM has seen remarkable growth in the last nine months, rallying to an outstanding value of $35 on Sept. 13. However, ATOM has dipped 3.36% on the daily chart and trades at $32.66. Seven-day growth is pegged at 37.37%.