The crypto market is generally in a bearish trend at the moment but this does not nullify the fact that more than 18,000 cryptocurrencies are listed in the global cryptocurrency market, competing to stay at the top of the ten most expensive and valuable cryptocurrencies chart.
Although some are less volatile and stable, just like Tether and USD coin, many are quite volatile and show the great result of a bullish breakout.
As the crypto winter continues, many investors are wondering which coin to buy now
Many crypto investors are relying on the information of the cryptocurrencies that will likely make a bullish breakout to enable them to make a good investment decision.
If you are have been wondering which cryptocurrency on the verge of a bullish breakout which you will invest in, then this article is for you.
Here are the top 10 cryptocurrencies that are on the verge of a bullish breakout.
Top 10 Cryptocurrencies In 2022 On The Verge Of Bullish Breakout
If you are a risk-averse investor, then Tether (USDT)should be your cryptocurrency of interest. Tether is referred to as a stablecoin because its price is pegged to US dollars. Therefore, the coin is not as volatile as other cryptocurrencies and its value is more constant than other cryptocurrencies.
A lot of investors find Tether very attractive because it is less risky and helps them hedge their money against inflation.
Avalanche is an open, programmable smart contracts platform that provides a network for layer one blockchain used for customising private or public blockchains (subnets) and for building decentralised applications(DApps). However, Avalanche has grown to rival Ethereum being the most famous blockchain for smart contracts.
The brain behind Avalanche is Ava Labs, a company founded by a professor at Cornell University, Professor Emin Gun Sirer.
As of August 2022, the market cap for Avalanche was $8.5 billion. AVAX is one of the cryptocurrencies on the verge of a bullish breakout in 2022, so now is a good time to invest in AVAX.
Polygon network minimises the scalability drawbacks of the Ethereum blockchain by supporting a multi-chain Ethereum ecosystem, building and connecting Ethereum-compatible blockchain networks.
Many crypto investors see through the potential of the Polygon network, hence, they believe it is on the verge of a bullish breakout and will give higher returns in the future.
4. Shiba Inu(SHIB):
Shiba Inu is a very popular cryptocurrency in the crypto market today. While some crypto enthusiasts still maintain that Shiba Inu is a “shitcoin” which has no value, some investors draw their inspiration from the growth of this cryptocurrency. However, whether this coin is useless or not, the developers have been working hard to add notable new characteristics and value to the SHIB ecosystem.
Given all the new features added to the network, SHIB is one of the cryptocurrencies on the verge of a bullish breakout.
5. Binance coin(BNB):
Binance coin is the native cryptocurrency launched by the world’s largest crypto exchange platform.
Integrating the Binance coin into the platform has broadened Binance from just an exchange platform to one that accepts payment processing, crypto trading and booking travel arrangements.
Recently, Binance launched a fiat-to-cryptocurrency payment platform, Bifinity which will allow merchants to accept payments in digital assets.
The value of the Binance coin has increased sporadically for years and continues to increase with time. This is one cryptocurrency that is on the verge of a bullish breakout.
Ethereum is a decentralized blockchain network which features ETH as its native coin. To public knowledge, Ethereum (ETH) is the second largest cryptocurrency after Bitcoin.
Even though the Ethereum blockchain enables smart contract applications, it is plagued by high gas fees.
However, Ethereum serves as a good platform for creating and operating other crypto coins, hence, it has a good reputation for being one of the best networks for smart contracts and decentralized applications (DApps).
Ethereum has a market cap of $239 billion as of August 2022.
7. Polkadot (DOT):
The Polkadot network is simply amazing when one thinks of its innate ability to seamlessly connect and facilitate the operation of heterogeneous blockchain networks and cryptocurrencies. Hundreds of crypto projects are executed on the Polkadot ecosystem for this reason.
However, Polkadot is one of the crypto coins on the verge of a bullish breakout.
Cardano is a very interesting platform and its cryptocurrency (ADA) has stolen the heart of crypto investors. This altcoin gained popularity among investors majorly because of its lesser transaction time and energy consumption. It’s also famous for its durable technologies in the crypto world which are likened to both Ethereum and Solana platforms.
Cardano is one of the cryptocurrencies on the verge of a bullish breakout.
9. Solana (SOL):
Solana platform is a combination of both proof-of-stake and proof-of-history mechanisms.
Its native cryptocurrency is known as SOL and its performance in the crypto market has brought good profits to investors.
The solana platform enables very fast transactions, rivalling Ethereum in the areas of transaction speed and fees. It has also outperformed other platforms in the areas of decentralized finance (DeFi), decentralized apps (DApps), and smart contracts. SOL is one of the cryptocurrencies that are on the verge of a bullish breakout.
10. Ripple (XRP):
RippleNet platform was launched in 2012, as a global digital payment network adopted by banks for transaction processing. The native token of the Ripple platform is XRP which is built on the XRP Ledger blockchain.
Unlike Bitcoin, XRP transactions are faster and require little energy.
The market cap of XRP as of August 2022 is $18.6 billion. XRP will likely have a bullish breakout this 2022.
Though we have summarized the top 10 cryptocurrencies on the verge of a bullish breakout in 2022 judging from their market cap, the cryptocurrency market is a very volatile one. Therefore, the future performance of the above-mentioned cryptocurrencies in the crypto market will determine if they will have a bullish breakout.
Disclaimer: All information in this article is the opinion of the author and should never be considered investment advice.
It is advised that you make your research before taking any decision.