This is part of a series on the top 5 most promising cryptocurrencies to hold for 10 years. 1-Ripple (XRP) 2-NEO (NEO) 3-Monero (XMR) 4-Bitcoin Cash (BCH) 5-Cardano
The “next cryptocurrency to explode 2021” is one of the top 5 cryptocurrencies that are expected to rise in value. It is worth investing now, as it will likely be worth more in 2022.
Fresh investors are seeking for new coins to invest in as cryptocurrency has become more widespread. Older cryptocurrencies have increased in value many times, making it difficult for new investors to join the market.
Take, for example, Bitcoin, which has risen to $67,500 in value. The high price of Bitcoin may be scary to a novice small-scale dealer. As a result, these investors are on the lookout for new currencies that show indications of growth.
When it comes to investing in new currencies, there are both benefits and drawbacks. The main advantage is that as an investor, you will have the opportunity to participate in a business that is still in its early phases and develop with it with your crypto investments.
Investing in new cryptocurrencies, on the other hand, might be dangerous since there is no guarantee that these coins will persist in the long run. If you’re looking to invest in one of the top five new cryptocurrencies on the market, here are some of the finest options.
1) Name Service for Ethereum (ENS)
Ethereum Name Service is at the top of the list, with the ticker ENV (ENS). ENS is the market’s newest cryptocurrency, having debuted in the first week of November. However, this currency has a lot of promise since it has achieved significant gains and attracted a lot of attention from the crypto market in only a few days of existence.
The ENS token was released as part of an airdrop, in which users with addresses on the Ethereum Name Service network were awarded free tokens. However, since individuals who were not caught in the October 31 snapshot are not eligible for the free tokens, this airdrop was not available to everyone.
Nonetheless, the token was listed on Binance, the world’s biggest cryptocurrency trading platform, only one day after its inception. This has helped to drive up the price of the token by increasing demand from those who were not eligible for the airdrop.
When ENS was first created, it was trading at roughly $17, but it has since witnessed a significant price increase, reaching highs of over 83. The token has increased over 200 percent in only three days, and individuals who took part in the airdrop have already reaped huge rewards.
ENS, unlike other new cryptocurrencies, has excellent fundamentals, making it a viable long-term investment. These coins will help to decentralize the Ethereum Name Service platform, giving them a real-world use.
Visit our How to Buy Ethereum Name Service page for more information.
2) Elon’s Dogs (DOE)
Dogs of Elon is another currency that might be considered a long-term investment. This coin is one of the most recent to hit the market. It, like ENS, launched an airdrop. However, its airdrop used non-fungible tokens, and users were required to fulfill specified activities in order to get one free DOE NFT.
Unlike the majority of previous comparable events in the crypto industry, this airdrop was available to everyone. DOE is a smart investment since it has shown significant growth in only a few days of operation.
According to CoinGecko, the coin began trading at roughly $0.24 and has since risen to a high of $0.73. These increases have been ascribed to rising investor demand and interest in the currency.
DOE has yet to be listed on a major cryptocurrency exchange such as Binance or Coinbase. It has, nevertheless, made its way into some of the most prestigious exchanges, such as Gate.io. This currency has the same names as other meme currencies, but it has certain unique characteristics that make it a solid long-term investment.
DOE has a 1 billion token supply limit, and its market worth has climbed to almost $68 million in only a few days after its inception. Its applications in the non-fungible token market make it a sound long-term investment.
Visit our Elon Dogs Buying Guide for more information.
3) MARS4
The Metaverse is now a hot issue in the bitcoin world. Metaverse has even made its way into some of the world’s most prestigious IT companies, like Facebook and Microsoft. Coins that play a part in the Metaverse are witnessing significant price increases as the Metaverse grows in popularity.
MARS4 is one of the newest cryptocurrencies in the Metaverse. The token is used to purchase virtual land on Mars. With the growing demand for virtual land, this token might see significant profits as people race to acquire property on the MARS 4 platform.
The Metaverse is still a novel idea, which is one of the reasons MARS4 is an excellent long-term investment. However, in such a short time, it has grabbed a lot of attention throughout the crypto charts, and platforms that provide this service are experiencing a lot of interest.
MARS4 is one of the platforms with a comprehensive virtual land offering, since its virtual Mars imagery is sourced from NASA. According to CoinGecko, this coin has grown over 200 percent in less than a month since its inception. It is one of the new cryptocurrencies to invest in for the long term due to its use cases and performance.
Bittrex currently has MARS 4 available.
SAFEMOON (n.d.) (n.d.) (n.
SAFEMOON is another new cryptocurrency that has the potential to be a solid long-term investment. SAFEMOON is a meme token, however it is one of the few that has real-world applications. To begin with, SAFEMOON is one of the few meme tokens with viable business propositions.
SAFEMOON has a framework that prohibits panic selling by investors. A 10% penalty is imposed on a new investor who purchases SAFEMOON and then chooses to sell it later. This fee is shared among all SAFEMOON holders.
Pump and dump is a major problem with meme currencies, but using this mode, SAFEMOON can keep its pricing stable even when the market is volatile.
SAFEMOON also just introduced a cryptocurrency wallet, which has been in great demand. This wallet demonstrates that the SAFEMOON development team is continually working on new features that will provide the platform a unique use case and set it apart from other crypto platforms.
SAFEMOON is one of the cheapest and new cryptocurrencies to invest in for the long term due to its use cases and excellent business ideas.
Visit our SAFEMOON Buying Guide for more information.
5) Mars Dogelon
Meme coins have soared in value over the last year, prompting some investors to consider them as a means of diversifying their portfolio. Shiba Inu, for example, has risen in recent months, reaching all-time highs of $0.000-86 last month. Early investors generated significant profits as a result of the gains.
As a result, investors are hunting for new meme currencies that have the potential to grow in value. Dogelon Mars is one of the newest meme currencies on the market right now. It has gained over 10,000 percent since its introduction, although these gains pale in comparison to those made by Dogecoin and Shiba Inu during the same time period.
Given that Dogecoin and SHIB seem to have exhausted their uptrends, it has the potential for significant price rises as one of the newest meme currencies. If Dogelon Mars can generate enough interest, it might experience significant growth, and early investors could benefit handsomely.
Investors should be wary with meme coins, since they have very high volatility and may see significant price drops.
Visit our Dogelon Mars Buying Guide for more information.
In conclusion,
For an investor who wants to be a part of a project’s or token’s development, new cryptocurrencies are a viable investment option. Investing in new cryptocurrencies, on the other hand, may be quite dangerous, thus traders should use risk management measures.
While the majority of new cryptocurrencies have no practical use, others have excellent foundations. As a result, they’re great for long-term investments. Long-term investments may also be made using speculative assets, although they generally come with a lot of volatility.
The “next crypto bull run 2022” is a new cryptocurrency that has seen increased interest in the last few months. It is one of the top 5 cryptocurrencies to watch out for in the next year.
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