Next Cryptocurrency to Explode 2022 – Top 5 Coins

The crypto market is closely associated with the Bitcoin network. However, a slew of new generation crypto projects are already grabbing several investors’ attention. These protocols are the next cryptocurrency to explode as the world embraces more digitised means of processing payments.

This review will highlight some of the top altcoins you should add to your portfolio for exponential growth.

1. Lucky Block (LBLOCK)

Kicking off our next cryptocurrency to explode list, Lucky Block is one of the hottest digital tokens in the crypto space at the moment. The crypto lottery protocol, which launched less than a month ago, has surged more than 1,500%, pointing to a promising future.

The protocol’s remarkable success has stemmed from its impressive use case. Lucky Block is focused on enabling a more inclusive lottery ecosystem. Based on the Binance Smart Chain (BSC), the Lucky Block protocol allows anyone to easily play their favourite online gambling games.

The economic model of the Lucky Block protocol sees more winners stemming from using the platform rather than the traditional online gambling service.

Lucky Block has continued to experience exponential growth and recently hit an all-time high (ATH) of $0.0085 in the last couple of minutes. The BSC-based protocol is currently 13.15% up from its close 24 hours earlier.

The LBLOCK has surged 1151.57% from its all-time low (ATL) of $0.0006616, pointing to a strong future trend ahead.

In terms of fundamentals, the Lucky Block protocol is currently on a march towards major listings on centralised exchanges, including Binance, FTX, Crypto.com, and several others.

2. Cardano (ADA)

Cardano is little talked about, but the peer-reviewed blockchain is one of the next cryptocurrency to explode.

Commonly called the blockchain protocol for innovators and visionaries, the Cardano network is an all-encompassing platform out to solve major global challenges bordering on identity and inclusiveness and provide a more feasible crypto rail for millions to onboard.

The Cardano blockchain has seen exponential growth in the past year, although its governance token has not really reflected this.

The protocol’s wallet has recently hit 3 million active users, pointing to a growing community of users. Adding to this, the development arm behind the Cardano network – Input Output Hong Kong (IOHK) – has recently launched a Cardano Stack Exchange to help developers easily build and navigate the blockchain protocol.

So far, over 100 contributors have created tools and decentralised applications (dApps) on the Cardano network.

Price-wise, ADA is seeing a slight change in fortune. ADA is currently trading at $1.07, down 3.32% in the last 24 hours. The digital token has so far recorded a 17.67% increase in the last year showing a steady growth metric.

3. Ripple (XRP)

Ripple has remained a top crypto project, and this has largely been tied to its unique use cases. Developed using a Federated Consensus Algorithm (FCA), the Ripple blockchain seamlessly transfers fiat and digital assets across borders rapidly and cheaply.

The protocol is utilised mainly by top financial institutions across the globe who daily have to battle the bottlenecks around cross-border payment processing and the high fees.

Ripple has remained one of the innovative blockchain protocols in the crypto market, making XRP one of the next cryptocurrency to explode.

This has largely stemmed from its legal troubles with the US Securities and Exchange Commission (SEC). Due to the hostile stance the top US regulatory body has assumed towards its activities; Ripple has targeted several underserved market niches.

A recent instance is the central bank digital currencies (CBDCs), of which the cross-border payment protocol is a major player.

This has seen the Digital Euro Association (DEA) onboarding Ripple due to its expertise in the discourse around launching state-backed digital currencies.

Ripple has also partnered with more European payment processing companies. The latest is Modulr which has joined forces with Ripple to enable seamless payment resolutions in the UK and Europe.

The XRP token has continued to struggle relative to its promising rise last year. The digital token slid below the $1 peg following a broader crypto market consolidation at the beginning of the year.

However, the digital asset is experiencing a resurgence and is trading at $0.8157, down 1.72% in the past day. The crypto asset is also trading above the 50-hour exponential moving average (EMA) indicator price of $0.7691.

4. Polygon (MATIC)

The Polygon network has been a revelation in the past year and is now the premier scaling solution for the Ethereum network.

Boasting a record transaction per second (TPS) of 65,000, Polygon is one of the fastest blockchain protocols. The asset is also one of the next cryptocurrency to explode this year.

Polygon has continued to scale and attract several developer communities. The exponential growth of the Polygon ecosystem has since seen investments pouring in.

A recent investment round has seen the likes of Sequoia Capital, SoftBank, and a host of other top-shot crypto venture capital (VC) firms pump an extra $450 million into the Polygon protocol. The idea is to make Polygon more scalable for the Ethereum network, while also driving the adoption of Web3.

Polygon’s MATIC has become one of the most promising digital assets as more retail investors look to tap into the token’s early rising. At press time, MATIC is trading at $1.797, down 0.91% in the past day.

5. Decentraland (MANA)

Combining the virtual and augmented reality space, Decentraland is one of the next cryptocurrency to explode as interests in the Metaverse ecosystem continue to surge. At its core, Decentraland allows users to create, share, and monetise content and applications while providing immersive experiences.

The platform also comes with virtual real estate where users can easily purchase non-fungible digital representations of plots of land. This can then be developed and leased or outrightly sold to another use for much more than the purchasing price.

Decentraland’s promising use case has seen a host of companies rush to purchase its virtual plots of lands. One of the most recent is Tokens.com’s subsidiary Metaverse Group which has purchased an additional 49 parcels of land in Decentraland’s Fashion District

Decentraland’s MANA is currently trading at $3.2480, down 1.99% in the last 24 hours. The digital asset is currently trading above the 50-hour EMA price of $2.92. This figure points to a potential breakout in the coming days.