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We are still waiting for the next cryptocurrency to blow up - but who will be it? If we could pick any one Crypto asset that we liked and felt comfortable investing in, what would it be? Let's look at a few possibilities. We've included Dogecoin, ChainLink, Uniswap, and FunToken. If you want to know more about these Cryptos, keep reading! You'll find out why they are the next Crypto asset to explode.
Dogecoin
In 2013, Elon Musk and Chris Palmer were looking for the next hot thing to pump. They came across Dogecoin, a decentralized cryptocurrency with a thriving internet presence. Musk's tweets helped boost its price by 142% within a 24 hour period. Within two weeks, the price of DOGE shot up more than 300%. This fueled speculation about a future bull run for the cryptocurrency.
The price of Bitcoin soared past $10,000 just a few months after its launch, but the currency was subsequently crashed by nearly 20%. Since then, however, many investors and traders have turned to alternative currencies, such as Dogecoin. These cryptocurrencies are becoming increasingly popular, with Bitcoin reaching a high of over $1 trillion in value. However, transaction fees are keeping Bitcoin from being popular for everyday use, making it unpopular in the future.
ChainLink
While many people have a general idea of what Blockchain is, few people know how blockchain technology actually works. The basic premise of a blockchain is that it can only connect with other blockchains on the same network. But the blockchains cannot connect to outside applications, such as third-party databases. Therefore, the use of Oracles is critical for a blockchain to scale. Oracles are also the core of several blockchain technologies. This platform is the answer to this problem. It allows institutions to use this technology to earn revenue from its users.
Chainlink's price has also been affected by other attributes of the blockchain technology. This technology promises to abstract away complexity and simplify the use of data oracles. It is also working on making sure that its infrastructure cannot be exploited by miners. These attributes are all important for this type of technology. In short, Chainlink is poised to explode. However, before investing in Chainlink, make sure you understand the risks.
Uniswap
Uniswap is a decentralized exchange with high volumes and decentralized order book. It is launching an upgrade in May 2021 and will be deployed on Optimism, a Layer 2 scaling solution for Ethereum. The decentralized nature of the exchange makes it appealing to crypto enthusiasts. Because Uniswap is decentralized, users have full control over their private keys. A centralized exchange can interfere with your private keys, allowing fraud and scams to flourish.
Uniswap is an exchange for ERC-20 tokens. Its decentralized governance token, UNI, has the potential to triple in price over the long-term. In addition, Uniswap is considered relatively cheap and secure. With the addition of its governance token, UNI has received massive support and a boost in its price. Within days of its launch, UNI token prices surged to the top forty most important cryptocurrencies by market cap.
FunToken
As one of the world's most promising cryptocurrencies, FunToken is poised to blow up in the near future. Powered by a blockchain-based protocol, it is a cryptocurrency that aims to revolutionize the online gambling industry. As of this writing, it has a market cap of more than $230 million. As with all cryptocurrencies, FunToken has been subject to high volatility and high speculative value, so be sure to do your research before investing. Never invest more than you can afford to lose!
Currently, there are more than ten thousand digital currencies in existence, with the number appearing to increase week-on-week. Hence, finding the next crypto to explode will be a challenging task. But here are a few tips that can help you choose the right coin:
Hedera Hashgraph
Many companies are stepping up to support Hedera Hashgraph. Big names like Google, IBM, and Boeing have pledged to support the network. Universities and banks have also signed on to the network. Hedera is the next crypto to explode, and its governing council is full of industry giants. Its future looks bright and its speed is second to none. Here are some of the reasons why:
Hedera Hashgraph is the latest and most promising cryptocurrency. Its native cryptocurrency is HBAR, which fuels various services and helps secure the platform. It is controlled by a council of leading enterprises from all over the world. It has a strong technical foundation, a high market cap, and good utility. We'll explore Hedera Hashgraph's future prospects in the coming weeks.