Ripples Sec Lawsuit Nears Closer To An End Leaving Optimistic Outlook For 2022
Ripple had gotten a bad hand throughout 2021. The Securities and Exchange Commissions lawsuit prevents trading of Ripple on U.S.-based exchanges. Even without this barrier, the suit also scares away potential investors, who dont want to put their money on a company thats in hot water. Still though, there are hyper-bullish investors who see Ripple as a gateway to the future of international money wiring. And with indicators pointing toward an end to this suit in 2022, Ripple might be in a position to majorly break out and make up for lost time.
Using Ripple, users can make international money transfers in the blink of an eye its as simple as converting a fiat to XRP, sending that XRP to the recipient, and having them convert the XRP into a fiat of their choice. The network threatens to dethrone the world of international wire transfers as we know them, and its XRP coin will play a large part in that.
Since Ripple has been embroiled in a legal battle for this entire calendar year, it has forfeited a lot of the impressive gains the industry has seen. Its price of 81 cents is higher than the 22-cent price it began the year with, yes. But, would XRP have seen the 100%, or even 1,000%, gains its peers have demonstrated? That, we will never know.
Bitcoins Consolidation Likely To Come To A Jarring End
Earlier today, the crypto did see some heightened levels of volatility that led it to plunge down towards $7,000 before posting a sharp rebound back up to its current price levels.
This movement was similar to that seen this past Tuesday, when BTC sharply dipped to $7,100 before rebounding.
It is clear that the crypto is now caught within a relatively wide trading range between roughly $7,100 and $7,400, and which of these levels breaks first should offer insight into where the crypto will trend next.
Its a strong possibility that this range will be broken in the near-term, as Galaxy a popular crypto analyst explained in a recent tweet that the crypto is currently nearing the apex of a triangle formation that is likely to soon explode.
This squeeze is insane. Explode already will ya? He stated while referencing the below chart.
This squeeze is insane
Investors Pile Into Meme Stocks
Small investors piled into stocks in 2021, at times banding together on online forums like Reddits WallStreetBets to stoke a frenzy over certain companies like GameStop. The financially struggling video-game retailer surged more than 1,600% in January. The mania led to big losses for some hedge funds, multiple halts in trading and congressional hearings asking who was getting hurt. The rise of small investors is one reason stocks represented a quarter of household assets as of the third quarter, up from only 13% a decade ago, according to Wells Fargo Securities.
You May Like: What Is Cryptocurrency Based On
Profit And Gains From Crypto
But much of the public attention remains focused on crypto largely because of the huge potential profits. When trying to identify the next big cryptocurrency, two things to keep an eye on are similar to what a stock investor would keep an eye on: market capitalization and price.
works for crypto because it shows how much has been invested in a specific network. As a general rule, the larger the market cap, the more stable the asset, though it also means the coin has less room to grow. Its also important to keep an eye on the price to determine whether investors are bullish or bearish on the crypto.
The Next Bitcoin: What Cryptocurrencies Will Explode In 2022
What is the next cryptocurrency to explode in 2022?
What coins can you buy right now to make it big in the near future? Which crypto is the next best thing to Bitcoin?
These and more are the types of questions being asked by the many crypto bounty hunters who want to cash in on the historic run we have seen over the last few months.
The price of Bitcoin went up from $5,300 USD to over $60,000 in less than 14 months .
With that said, we have also seen the markings of what is truly a risky investment price drops of 30% and higher within a matter of hours.
On November 10, 2021, Bitcoin hit an all-time high price of $68,789!
In your bid for the next big cryptocurrency in 2022 and 2023, you should keep in mind that the long-term investment value of crypto-assets is no sure thing. You could make a lot of money or lose everything.
Also Check: How To Do Crypto Currency
Compound Institutional Interest Taking Comp Flying To $900
Another highly popular crypto-lending platform and one of Aaves biggest rivals.
Why Will Compound Explode In 2022?
Compound stands out from Aave in that the crypto you deposit is pooled with others to create lending pools.
While Aave has a variety of lending products to choose from, Compound is quite simple you deposit crypto to the pool, receive back a cToken and later on, when you want your crypto back, you return the cToken and receive your crypto with interest added.
Thats pretty cool, but the Compound Treasury could be way cooler. In short, Compounds primary service is aimed at regular, retail crypto traders who either want to borrow or lend crypto but the Compound Treasury will be a service specifically for institutional investors.
Not only will this mean that a lot more money will be welcomed into Compound , but it could also draw a lot more money in general to the crypto market.
And this is not the only interest Compound is receiving from institutional investors. Grayscale has invested a significant amount in COMP too. In July 2021, Grayscale launched their Decentralized Finance Fund, of which 8.38% was allocated to Compound, as reported by Jordan Lyanchev.
David Cox of CryptoNewsZ says Compound could reach a minimum price of $600 in 2022, noting that Compound has sometimes been quite sluggish.
On a more positive note, Connor Brooke of Economy Watch states that their analysis speculates Compound could be valued at $910 at the beginning of 2022.
How Is Polkadot Different Than The Competition
Polkadot is newer than other popular cryptocurrencies. Bitcoin was the first to emerge in the world of cryptocurrency. It offers basic abilities compared to the second-most popular cryptocurrency, Ethereum, which can complete more complex tasks.
However, there is a charge for each task with Ethereum, so the cost of more complex transactions adds up quickly. And Ethereum has only one lane for transactions, which can lead to network congestion.
You May Like: Can You Buy Bitcoin On Ameritrade
If You Go With An Existing Project Look At The Current Price
Once you are sure that the project you are eyeing has a healthy level of adoption, the next important thing to consider is the current price.
If you want a penny cryptocurrency that can give you 100x or more, then its price should be quite low at the moment. The idea is basically to buy low and sell very high at the peak of the bull market.
Thats not to say that a project that is gaining at the moment cannot sustain the same going into 2022. However, for maximum ROI, it would be best to go for a project that is currently depressed in price, or just trading sideways at the moment.
How Does Cardano Work
To understand how Cardano works, its helpful to break it up into the blockchains individual layers. There are two components in any given transaction: the mechanism by which tokens are sent and the condition behind the moving tokens.
The first layer, called the settlement layer, allows users to send and receive ADA coins. The second, or computation, layer allows users to create and enter into smart contracts .
Also Check: How To Predict Crypto Charts
The Next Cryptocurrency To Explode In 2021
Can an Oldie but a Goodie Get Some Love?
Although it was one of the first coins listed on Coinbase, Litecoin has received considerably less attention than some of its peers and perhaps that should change. After all, Litecoins creator is an engineer who actually worked for Coinbase. Built for speed and efficiency unlike so many other cryptocurrencies, Litecoin is fairly easy to mine. With PayPal and RobinHood now offering up LTC on their platforms, is it time for this middle child of cryptocurrencies to finally have its moment? All signs would indicate that this is very possible.
During this extraordinary moment in the evolution of crypto, in fact, a bit of reflection may provide the missing link. With some projects resurrecting and running on whims while others continue to patiently build in the meantime, there has never been a more exciting time to invest in crypto. For day traders and HODLers alike, digital currency has never shined quite so brightly as it does right now.
We hope you enjoyed this article! What will be the next cryptocurrency to explode in 2021? To find out more, subscribe to our free e-letter today. Youll receive the latest updates on crypto, stocks and other amazing investment opportunities.
About Ben Broadwater
Choose A Cryptocurrency Exchange
A cryptocurrency exchange is a platform where both buyers and sellers meet to trade crypto. Popular exchanges include Coinbase, Binance.US and Gemini. Exchanges typically have low fees, but they also feature complicated interfaces with multiple trade types and advanced performance charts. They are better suited for experienced crypto investors.
In contrast, cryptocurrency brokers feature much simpler interfaces that interact with exchanges for you. The downside is that some brokers charge higher fees than exchanges, and the selection of coins you can trade is more limited. You might also face certain restrictions, including restrictions on your ability to move crypto holdings off the platform. Well-known crypto brokers include Robinhood and SoFi.
Recommended Reading: Why Is Crypto Market Down
Why Are Investors Choosing Polkadot
Polkadot is gaining interest from investors because it is more interactive. Developers can link blockchains to the Polkadot system and even create entirely new blockchains. When investors see developers flocking to new technology, it catches their attention.
When it comes to Bitcoin and Ethereum, investors often have to buy fractions of coins based on their value. Polkadot is currently more affordable, making it a more enticing purchase.
Maker Whats Next If Mkr Reaches $5k In 2022
MKR is the governance token of the MakerDAO protocol which operates the Dai stablecoin. Holding Maker allows users to vote on changes to the protocol.
Why Will Maker Explode In 2022?
Makers success largely depends on the adoption of Dai , one of the oldest and most well-known stablecoins pegged to the US dollar, which, interestingly, has more active users than Tether , despite a much lower market cap.
In 2022, Maker could quite literally explode as it plans to dissolve the Maker Foundation in late 2021, as reported by Samuel Haig of Cointelegraph in July 2021. This will effectively mean Maker will be one of the most decentralised cryptocurrencies , with control firmly in the hands of token holders.
The Maker Foundation was designed to get the MakerDAO moving and then be taken down when the community reached a point when it could run itself self-sufficiently. Reaching this point is an exciting milestone that could add a lot of value to the coin.
David Cox of CryptoNewsZ has stated that an optimistic $9,500 could be possible for Maker in 2022 while Conner Brooke of Economy Watch suggests a perhaps more reasonable $5,000 at the beginning of 2022.
Price Prediction has given a more thorough forecast, estimating that for 2022, Maker will have a minimum price of 3,777.95, an average price of $3,912.61, and a maximum price of $4,573.98.
Read our Maker price predictions here.
How Much Should I Invest In Maker In 2022?
Also Check: When You Sell Bitcoin Where Does The Money Go
New Crypto Altcoins Set To Explode In 2022
Would you like to multiply your money investing in brand new Altcoin projects that havent even hit the market yet? Does this sound too good to be true? In todays video, Im going to be sharing with you multiple new Altccoin projects I believe can help you multiply your money exponentially.
12 DAYS OF CHRISTMAS GIVEAWAY!
We will post the 12 winning addresses on Twitter, Instagram and YouTube after the 27th!Good luck to everyone!
Want to buy with crypto?Send email to with BUY COURSE WITH CRYPTO in subject line.
Connect With Me on Social Media!Follow My Instagram:
Get $25 in FREE Crypto on Crypto.com:
Get $10 Worth of FREE Bitcoin when buying or selling $100 worth of Crypto!
00:00 4 new crypto Altcoins to explode in 202201:00 Christmas giveaway06:50 How its different?07:44 Third project09:03 Why it has potential?11:01 Fourth project14:39 What is this project?16:00 Bonus news17:00 Join the class & VIP group
So, what are these 4 new crypto Altcoins to explode in 2022?
DOTPad is the Next Project in the BlueZilla ecosystem.
Uniting the Substrate, Kusama, and Polkadot ecosystems DOTPad provides a unified crowdfunding platform for all things Substrate, giving future Kusama and Polkadot ecosystem projects a means to bootstrap their development, grow their userbase, and fast-track their development.
IDO Date: January 27th
The Leading Play-to-Earn Fantasy Game on Solana.
An Industry Moving Rapidly Toward Sustainable Crypto
Although much remains to be done to reduce the environmental impact of trading cryptocurrency, eco-minded investors can feel good about the fact that theres a notable and ongoing movement in that direction. While the Crypto Climate Accord continues its work and the environmental impact of cryptocurrency trading remains under scrutiny, concerned traders have many ways to vote with their coins.
How Much Should I Invest In Cryptocurrency In 2022
Ryan Haar of NextAdvisor spoke to five financial experts and found that most advise only investing between 1% and 5%:
- Vrishin Subramaniam: 2-5% of your net worth
- Theresa Morrison: 1 to 4% of your portfolio
- Dan Herron: Up to 1% of your assets
- Ryan Sterling: No more than 3% of total liquid assets
- Michael Kelly: 1-2%
Also note that as the market goes up and down, you may want to increase or decrease your position, but you should assess how worthwhile this could be.
According to a thread on Reddit , many retail crypto traders invest in between 10 to 15 different cryptocurrencies at a time. However, monitoring all these investments can be very tricky and some use tools to help them manage their positions and it is probably not very wise.
Others break down their portfolio according to cap size large-cap , medium-cap and small-cap .
A well-known rule in trading is the 1% rule, which is to only ever risk a maximum of 1% of your trading account on any trade. This dramatically reduces risk and will keep your trading account safe much longer.
And one last thing, throughout this article we have noted how some of the top traders are organising their portfolios. While this is very useful info when planning your own, just ask yourself: are you an institutional investor or a retail investor?
As a retail investor, you will not have superpowers like the big investors do your risk level is not the same. So, dont forget to be cautious when setting up your positions!
The Media Is The Evidence That Predicts What Is The Next Cryptocurrency To Explode
I consider that this is the crucial step to take. I believe that the media has a high impact on peoples lives.
Media could manipulate how people think, how we see things, who we vote for, what we should buy, and what we should be doing on a daily basis.
You would like to make sure that the crypto that you are interested in has good media coverage. Like looking for the number of influencers or bloggers talking about that crypto.
We recommend you discover if the cryptocurrency that you are researching is making milestones, maybe they are looking for new partners or investors, maybe they are increasing their exposure in other countries.
For example, check the differences between the exposure from Injective Protocol and BIZZCOIN.
Recommended Reading: Who Owns The Most Bitcoin
Next Cryptocurrency To Explode 202: Best Crypto With High Roi
We witnessed numerous successful new cryptocurrencies explode in 2021, like Dogecoin, SafeMoon and many others. The expansion of the crypto sector is offering ordinary investors with exponential returns and more innovative options and opportunities to grow their wealth.
Thousands of cryptocurrencies are vying for top spot on the global cryptocurrency market, which is booming. Some are steady, such as Tether and USD coin, but others, such as Terra, Shiba Inu, Bitcoin, and others, are performing well.
Investors are leaning towards the highly volatile cryptocurrency market to yield higher Investors are swarming to the highly volatile cryptocurrency market in the hopes of making a profit in the near future. They want to know which cryptocurrencies will take off in 2022 and last until 2025.
Why You Should Choose Etoro
Now you know the top 10 best cryptocurrencies to invest in for 2022. If youre feeling inspired enough to start trading cryptos, or if this article has provided some extra insight to your existing trading knowledge, you may be pleased to know that eToro provides the ability to trade with crypto assets and CFDs on over 90 cryptocurrency pairs.
Trading cryptocurrency with eToro comes with certain benefits, such as the ability to:
Read Also: How To Sell Bitcoin For Paypal