Russia’s invasion of Ukraine puts significant cryptocurrencies on the verge of World War III, leading to their value plummeting. The price of Bitcoin and Ethereum has been declining since the beginning of the year. Furthermore, newcomers, such as Solana, are challenged by their market share. Ukraine is carrying out crypto donations to help its military forces. It can be challenging to determine which cryptocurrency to invest in because almost 16,000 digital assets are currently in circulation.
Investors who are interested in cryptocurrency, in the long run, hope to make huge gains from the next big thing.
Let’s look at a few of the top cryptocurrencies that are likely to explode this month since they are new.
Can you make real money with cryptos?
It is possible to make money from cryptocurrencies. However, most crypto assets have a high level of volatility, and others require the knowledge or experience of a domain expert.
How to make money with cryptocurrency can be done by trading cryptocurrencies. Even though cryptocurrency trades make up less than 1% of the foreign exchange market, there is significant volatility in the crypto market. This implies the possibility of short-term trading.
How to earn with cryptos?
According to experts, the cryptocurrency market cap will rise impeccably to $2.66T by the end of this year. Following these tips will help you make educated decisions if you invest in digital currencies.
- Diversify your trade
Combining different currencies will help you to reduce the daily risk associated with one particular coin.
- Minimize trading cost
Use an exchange with low trading fees with a good reputation.
- Watch trading time
Make sure your schedule allows you to trade.
- Follow crypto news
Stay up-to-date with crypto news and stories to keep up with the markets.
- Use technical analysis
Be familiar with technical indicators. These will allow you to rationalize your trades.
- Use stop losses
Establish stop-loss orders for each trade. Start with a 2:1 loss ratio.
How to start to make money with crypto?
The cost of investing in cryptocurrency is theoretically only a few dollars. The minimum trade amount, for example, is usually $5 or $10 for crypto exchanges. You can find lower minimums on other crypto trading apps.
Although some trading platforms charge a hefty fee if you trade small amounts of cryptocurrencies, it is essential to understand that some platforms will charge you a large portion of your investment. As a result, it’s crucial to find a brokerage firm or exchange that charges the lowest fees. In addition, many “free” brokers embed fees in the price you pay for your cryptocurrencies, which are known as spread markups.
Top five cryptocurrencies to explode in 2022
Here are the top five cryptos that will explode this year.
Fantom (FTM)
Summary
Fantom, a South Korean project initially known for its technological solutions in Asia, began gaining popularity in the European market in 2021. In this project, we will address the trilemma in blockchain technology. How to maintain decentralization, security, and scalability all at the same time.
An ecosystem has developed around the project that is increasing. Crypto enthusiasts believe that Fantom’s virtual machine launch in 2022 will be a significant step toward a price increase for the asset.
Price forecast 2022
We anticipate that Fantom will continue to grow in value as limited supply encourages price rise. Forecast price and technical analysis indicate that the FTM price will cross $1.81 by the end of 2022.
Price forecast 2025
Due to limited supply and strong utility as a payment method and staking. In 2025, 1 Fantom will cost $5.51 at the bare minimum.
Avalanche (AVAX)
Summary
Another example is Avalanche, which has a clear purpose, similar to Solana, unlike meme coins like Dogecoin, which are entirely purposeless. According to the cryptocurrency exchange Gemini, Avalanche is one of the many projects trying to unseat Ethereum as the most widely used platform on the blockchain.
Price forecast 2022
The market expects Avalanche to reach a minimum price level of $99.76 by 2022. The coin is used as a method to pay the network fee. It is a direct competitor of ETH that believes in scalability and rapid processing of payments.
Price forecast 2025
We expect 2025 to be the year when the price of 1 Avalanche will reach $283.21. Due to strong utility as a payment gateway, AVAX prices could increase to $356.14 with an average of $293.83 in 2025.
Binance Coin (BnB)
Summary
With Binance Coin being the third most popular coin in the market, it is the largest cryptocurrency exchange in the world. In addition, Binance Coin represents the native coin on the Binance exchange. Consequently, investors who use the Binance Coin receive discounted transaction fees.
Binance reduces digital coin supply based on its volume of trades every quarter.
Price forecast 2022
BNB has been a well-demanded coin that is used for staking and investment. Using past price data for BNB, we predict that the price of BNB will reach a minimum level of $510.00 in 2022. Estimates suggest that the BNB price will reach a maximum of $604.71 with an average trading price of $525.34.
Price forecast 2025
In 2025, BNBs will be worth a minimum of $1,598.72. With an average price of $1,643.08 by the end of 2025, the BNB price can reach a maximum of $1,857.82.
Bitcoin (BTC)
Summary
Since the launch of Bitcoin, it has maintained its market capitalization position as the world’s #1 digital currency.
Unlike centralized banks, Bitcoins do not have a single administrator. Instead, data flows from peer-to-peer over a peer-to-peer network.
A proof-of-work consensus mechanism facilitates network transactions by allowing miners to contribute computing power. For solving these complex cryptographic puzzles, they receive a reward through BTC tokens.
Price forecast 2022
According to predictions, the Bitcoin price will reach at least $48,045.90 in 2022. With an average trading price of $49,580.77, Bitcoin can get a maximum value of $58,716.77. The reason behind BTC’s growth is limited supply and strong utility as an alternate investment to fiat currencies or gold.
Price forecast 2025
According to the forecast, the Bitcoin price will gain $148,023.40 by 2025. With an average price of $152,089.84 in 2025, the BTC price can reach a maximum level of $171,905.09 by the end of 2025.
Solana (SOL)
Summary
Open-source project Solana offers decentralized finance solutions (DeFi) by leveraging the permissionless nature of blockchain technology. In March 2020, the Solana Foundation officially launched the digital coin with headquarters in Geneva, Switzerland. The project was conceptualized and started in 2017. Crypto seeks to surpass Ethereum.
Price forecast 2022
We predict that Solana’s price will reach a minimum level of $104.94 in 2022. Currently, the SOL price is trading at around $109.04 on average, with a maximum level of $127.03. The key demand for SOL is rising because of its utility as a micropayment system for lamports.
Price forecast 2025
Price predictions for 1 Solana in 2025 indicate that it will reach a minimum of $319.94. Prices for 1 Solana will average $331.23 in 2025 and a maximum of $383.00.
Final thoughts
These predictions for cryptocurrency in 2022 are new, and they could be among the best options for investors in 2022 in terms of short- and long-term crypto investments.
You should see how everything works now that you know which cryptos to buy at the beginning of 2022.