The cryptocurrency market has had to go through some lows in recent months. After massive losses in the first half of 2022, cryptocurrency prices have stabilized slightly since June. Right now, it makes sense for investors to invest in cryptocurrencies at a low price. But what are the cryptocurrencies with a future that could have massive profits in the next few years?
In this article we describe cryptocurrencies with a future, which should gain massively in value and importance in the next.
How are cryptocurrencies moving at the moment?
In recent weeks, the price of cryptocurrencies has stabilized again after sharp losses in the first half of 2022. In the first half of the year, the bear market showed massive losses in the market. For example, the Bitcoin price fell from $ 68,000 in November to below $ 18,000 in June. Ethereum fell from $4,800 below $1,000 within 8 months.
After many coins had reached their lowest level in June, the prices of cryptocurrencies were able to recover more easily. The Bitcoin price rose again over 25% percent, the Ethereum price could even double again at times. These strong increases of the last few weeks have recently weakened again and prices have again seen slight losses.
What does the future of cryptocurrencies look like?
At the moment, we are clearly in a bear market. Prices have fallen over 80% since the end of 2021. But this is a consequence of the cycle in cryptocurrencies. Even in 2018 and 2014, we saw massive losses after the end of the bull market and the beginning of the bear market.
In the coming months, the cryptocurrencies should eventually rise again with a future. But at the latest when the bull market comes back, these coins should see an extreme gain in value. Therefore, an investment is worthwhile, especially now with the relatively low prices of investment in these cryptocurrencies. In this article, we’ll talk about when the bear market might end.
What are the cryptocurrencies with a future?
Some cryptocurrencies with a future should rise particularly sharply in the next few years. There are no guarantees in the crypto market. However, the following cryptocurrencies should see prices rise sharply again, especially in a bullish market situation. In the following, we would like to present the cryptocurrencies with a bright future.
1. Ethereum (ETH)
Ethereum is a cryptocurrency with a future that should continue to grow very well in the coming years. Ethereum’s blockchain was the first network to offer smart contracts. That is why Ethereum is a leader in the field of decentralized applications.
In recent years, transaction costs have been increasing and transaction speeds have been low. With the upcoming update Ethereum 2.0, these weaknesses in Ehereum should be fixed. This would allow the network to secure its dominance in dApps for the future. Therefore, Ethereum is definitely one of the cryptocurrencies with a future.
2. Cardano (ADA)
Cardano is a blockchain protocol, which is also one of the cryptocurrencies with a future. Cardano combines the areas of decentralization, scalability and security with the best. The Cardano blockchain is probably the most technically mature blockchain on the market.
Among many investors, Cardano is considered the cryptocurrency that can replace Ethereum at the top of blockchains, which can be the basis for dApps. So Cardano received the nickname “Cardano-killer”. Cardano will be further developed in the long term according to scientific standards, which definitely makes Cardano the crypto currencies with a future.
The XRP is the token of the Ripple payment network. This is a network that has been developed for large banks and with which these banks can make their transactions between different payment areas more efficient and cost-effective.
XRP is one of the cryptocurrencies with a future, as the implementation has already been tested and many large financial companies are already successfully using the Ripple payment network. At the moment, however, there is a legal dispute between the Ripple company and the US Securities and Exchange Commission (SEC). If SEC wins this process (what it looks like at the moment), the XRP price should rise sharply again in the long term.
4. Polkadot (DOT)
Polkadot is a network that manages to connect different blockchains to each other and let them communicate with each other. Because Polkadot offers the so-called parachains. These are connecting links with which different blockchains can be connected to each other.
Polkadot wants to realize an idea called “Internet of Blockchains”. This is a vision for the future in the field of cryptocurrencies. If different blockchains can communicate with each other, the Internet could be based on blockchain technology in the future. Polkadot could be extremely important for this vision in the future.
5. VeChain (VET)
Another exciting project is VeChain. This blockchain makes it possible for companies to track their entire supply chains from the production, through delivery to the sale of their product. This feature makes VeChain an extremely interesting cryptocurrency.
VeChain has already entered into cooperations with some large companies. The idea of VeChain has an extremely high potential and many experts see the price of the VET token of VeChain at the moment still greatly undervalued. That is why VeChain is also one of the cryptocurrencies with a future.
What distinguishes cryptocurrencies with a future?
The mentioned cryptocurrencies are a selection of examples that could be worth an extremely large amount in the future. These cryptocurrencies with a future are characterized by the fact that they have a sustainable concept and can solve problems efficiently in the future. Furthermore, these networks should grow strongly in the coming years.
The mentioned cryptocurrencies have already shown their usefulness, have an exciting concert and are working seriously. Therefore, you should not only see short-term hypes, but also increase in value in the long term.