Next Cryptocurrency to Explode in 2022
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Do you want to invest in cryptocurrencies? Are you seeking the best coin to buy? Choosing from the thousands of cryptocurrencies available can be challenging. As a result, we’ve compiled a list of the next cryptocurrency to explode for long-term investment.
1. Lucky Block (LBLOCK)
Lucky Block’s token, LBLOCK, is our top choice for the next cryptocurrency to explode.
At press time, LBLOCK trades at $0.001273, a rise of 8.97% in the last 24 hours. The digital asset has seen a downtrend of 27.84% in the past 7 days. In addition, LBLOCK is 85.85% below the all-time high (ATH) of $0.01. However, this downtrend does not undermine the growth potential of the crypto project. Given its previous rally to a record-breaking value of $0.96, the LBLOCK token is still a value-rich crypto asset for long term returns.
Lucky Block is a cutting-edge game-centric crypto platform that runs on the Binance Smart Chain (BSC) network. The platform intends to promote gaming transparency and fairness by developing a gaming system that allows all players a better chance of winning while also contributing to the community and giving token holders a good investment plan.
Lucky Block shortens the time between draws and allows for multiple draws per day, increasing players’ chances of winning while lessening their gaming expenses. By adopting distributed ledger technology (DLT), Lucky Block offers speedier payouts and thorough documentation and verification.
By locking in their tokens, token holders can participate in the daily jackpot. When the game is drawn, one individual wins 70% of the jackpot, 10% is donated to charity, 10% is spent on marketing, and 10% is distributed to all LBLOCK holders in proportion to the number of tokens they own.
The revolutionary ‘Web3’ decentralised games platform sees the light of day a few months after the Lucky Block platform’s native utility coin began trading. Tickets for the draw cost $5, and investors may purchase them using LBLOCK tokens. Holders of the LBLOCK token, however, will receive a free ticket if they connect their wallet to the app every day.
As announced by the platform, the giveaway draws for the Lucky Block Platinum Rollers Club NFT collection will now take place before all 10,000 NFTs in the collection are sold. The first giveaway will encompass a $1 million LBLOCK prize.
In addition, Lucky Block announced that if the NFTs are sold out, there would be a Lambo giveaway. Note that the Platinum Rollers NFTs can be used as an entry ticket for jackpot-style giveaways.
2. DeFi Coin (DEFC)
DeFi coin comes second on our list of the next cryptocurrency to explode.
DEFC currently trades at $0.4502, a drop of 0.83% in the last 24 hours. In addition, the digital asset has seen an uptrend of 345.63% in the past 7 days. The digital asset’s current price represents a new all-time high.
DeFi Coin constitutes the DeFi Swap exchange and DeFiCoins.io website. By permitting buyers and sellers to exchange value directly with other market participants, the DeFi Swap exchange eliminates the need for them to utilise centralised third parties.
The DeFi Swap exchange is supported by its native digital currency, DeFi Coin, to realise its decentralised goals. This coin runs on the BSC network and can be transferred from one wallet to another.
Defi Coin’s price increased by over 160% as the development team fulfilled a crucial milestone of their road map. The team announced the introduction of DeFi Swap, a decentralised exchange that enables buyers and sellers to trade digital currency with other market participants directly.
3. Avalanche (AVAX)
Avalanche, an open, programmable smart contracts platform for decentralised applications (dApps), is the next on our list of the next cryptocurrency to explode.
At press time, AVAX’s price is $47.26, a drop of 6.56% in the last 24 hours. The digital asset has slumped by 23.15% in the past 7 days and is 67.62% below the all-time high of $146.22
Avalanche is a layer-1 blockchain that serves as a platform for decentralised applications and custom blockchain networks.
The platform’s network comprises three chains: the Platform Chain (P-Chain), which organises validators and subnet construction; the C-Chain, which develops smart contracts; and the X-Chain, which manages and exchanges assets.
Avalanche aims to dethrone Ethereum as the most popular smart contract network. The platform’s transaction output is set at 4,500 transactions per second (TPS) while preserving scalability.
Given the growing integration and influence of the Ethereum rival, Valkyrie Digital Assets LLC, a prominent digital asset investment manager and sponsor of many investment trusts, has announced the debut of the Valkyrie Avalanche Trust (VAVAX).
VAVAX is Valkyrie’s first investment vehicle dedicated to AVAX, the digital asset that drives the Avalanche blockchain network. The Trust’s principal investment objective is to represent Avalanche’s value and provide investors with insurable and cost-effective access to digital assets.
4. Cardano (ADA)
Next on our list of the next cryptocurrency to explode is Cardano. Cardano is a blockchain that executes transactions quickly using the Ouroboros proof-of-stake (PoS) consensus process.
The fundamental goal of Cardano is to create a scalable decentralised network that validates transactions efficiently while using the minimum energy.
ADA, Cardano’s token, currently trades at $0.6736. The digital asset has seen a downtrend of 3.68% in the last 24 hours and slumped by 14.06% in the past 7 days. In addition, ADA is 78.16% below the all-time high of $3.10.
The seed sale of Cardalonia’s $LONIA Governance token has begun. Following a private pre-seed investment round and the unveiling of the Cardalonia Play to Earn idea on the Cardano blockchain, the seed sale will take place.
Cardalonia is a Cardano Metaverse Project creating a creator-centric Metaverse on the Cardano blockchain. Through an engaging and curated Metaverse experience, Cardalonia will link creators, developers, asset creators, artists, and play-to-gain lovers.
5. Terra (LUNA)
Rounding off our list of the next cryptocurrency to explode is LUNA, Terra blockchain’s utility token.
At press time, LUNA price is $32.67, a downtrend of 46.92% in the last 24 hours. The digital asset has slumped by 61.78% in the past 7 days and is 72.78% below the all-time high of $119.18.
In the cryptocurrency ecosystem, Terra is striving to distinguish itself. The platform’s ability to serve as a blockchain, allowing users to generate stablecoins and other assets on its network, is the reason for its distinction.
Using the Cosmos software development kit, Terra allows users to produce fiat-pegged stablecoins. The platform also has smart contract capabilities for asset creation, and the assets created take advantage of the network’s architecture.
Terra claims that its usage of fiat-pegged stablecoins distinguishes it from competitors by combining the borderless benefits of cryptocurrencies with the daily price stability of fiat currency. The platform also maintains its one-to-one peg thanks to an algorithm that adjusts stablecoin supply in response to demand.
As institutional demand for decentralised finance (DeFi) grows, crypto services provider Fireblocks has added support for Terra to its platform.
Fireblocks claims to be the first to give institutional customers access to Terra. The clients of the crypto services provider can now use Terra-based DeFi apps like lending protocol Anchor and liquid staking protocol Lido.