The differences aren’t significant to the end user from a performance perspective. The Flux network is taking on AWS with its own product suite, but while AWS offers software-as-a-service (SaaS), Flux offers blockchain-as-a-service (BaaS). The network, which lauds itself as the “ Amazon (NASDAQ: AMZN) Web Services of blockchain,” is in a position to challenge even the largest of web service giants. With Web 3.0 becoming a more widespread phenomenon, Flux is sure to be one one of the next cryptos to explode in popularity. The Flux (FLUX) cryptocurrency logo on a white piece of fabric.įlux is certainly the smallest crypto here, but do not discount the network. And with major backing from institutions like auction house Sotheby’s, as well as multiple musicians who performed at the network’s first music festival, there’s plenty of support for MANA. They can do all of these things from the comforts of their home, too. They can go play games or travel the main streets of the digital world. One can buy a plot of land, develop it and have their friends come over and hang out in it. Decentraland is leading investors in this direction.ĭecentraland is a blockchain-based metaverse that invites any and all to come experience its sandbox world, chock-full of activities. They don’t want Meta putting their hands into the virtual reality space they want it to be by the people, for the people. The metaverse, while holding a major Silicon Valley backing, is still something many want to see decentralized. This makes the case for Decentraland’s MANA token as a crypto to watch going into next year. Facebook’s rebrand to Meta Platforms (NASDAQ: FB) is proof enough of that if a tech giant with a market cap of nearly $1 trillion and a history so rich it has spawned movies about its founding is making a rebrand of this magnitude around an industry, that industry is going to stick around. But, it’s a space with a massively significant backing by not only the blockchain industry but Big Tech as well. The metaverse might not seem essential after all, it’s a virtual space for people to do a lot of things they can do in real life - playing games, socializing, seeing live music, etc. If there’s an industry that’s guaranteed to continue growing through the new year, it’s the metaverse. Screenshot of blockchain nft ethereum cryptocurrency game Decentraland (MANA) logo on laptop, mobile phone Next Cryptos to Explode: Solana (SOL-USD) With that said, what cryptos are looking to lead the pack of winners through the next year? Consider this grip of digital currency plays: InvestorPlace - Stock Market News, Stock Advice & Trading Tips Winners are going to be found in utilitarian plays and burgeoning tech trends these coins and tokens are going to keep their heads above water and then some. Arbitrage tokens, store-of-value plays and meme coins aren’t going to cut it as we head into the gauntlet of the next year. So, if investors want their crypto holdings to remain winners through the next year, it’s time for them to get selective. Of course, the Fed’s plan to hike interest rates thrice over the course of 2022 feeds into this bearishness for crypto as well. Additionally, inflation continues to rise as a point of concern. With the entity looking to drastically taper its emergency spending, investors are going to become increasingly risk-averse with their portfolios. The Fed meeting on Wednesday has sowed fears across the stock market. With worries about inflation heating up, what will be the next cryptos to explode in 2022? However, there are some problems on the horizon. The asset class has seen some of the biggest booms, followed by some of the steepest busts now, it looks like digital currency is going to round out the year on a high note. After a year like 2021, crypto prices have their work cut out for them in 2022.
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