4 Cryptos Set to Reap Massive Return in Q4 2022
The bitcoin market continues to decline, but what will occur when the market turns around? What are the coins or tokens on which we might potentially capitalize when the next bull market commences?
This article examines three cryptocurrencies projected to provide enormous profits in the fourth quarter of 2022.
See also: 5 Best Cryptocurrencies to Buy Ahead of October 2022.
Ripple (XRP)
Market cap: $23,990,363,372
Position by market cap: 6
Current price: $0.4808
Circulating Supply: 49,900,666,456 XRP
Ripple (XRP) is a digital payment network that uses the Ripple cryptocurrency for transactions. The return on this coin has been phenomenal over the years.
The Ripple platform was established by Arthur Britto, David Schwartz, and Ryan Fugger in 2012 when it debuted. More than a hundred banks around the world have utilized the services of the Ripple network.
Undoubtedly, it is an excellent choice for short-term investments in 2022. Ripple is now facing charges with the SEC, and many investors predict that once the matter is settled, ripple will reach a new ATH.
XRP permits payments to be made in a number of fiat currencies. Ripple is advantageous for international transactions and promotes trustless payments. It’s a good hold for the next quarter.
Stellar Lumen (XLM)
Market cap: $725,053,085
Position by market cap: 59
Current price: $741.64
Circulating Supply: 977,631.04 MKR
The logistics, remittance, and international money transfer businesses have extensively used Stellar Lumens and its cryptocurrency XLM. The technology facilitates the global secure, quick, and reliable transfer of assets.
Like Ripple, Stellar’s platform focuses on international payments and cross-border transfers. With a daily trading volume of more than $531 million, it is one of the most popular cryptocurrencies. Stellar is definitely a good hold for the next few months.
The cryptocurrency serves as a low-cost and rapid international payment solution. Similarly, to Ethereum, the platform permits anyone to issue tokens via ICOs or token fundraising.
The Stellar Development Foundation administers Stellar (SDF). A nonprofit corporation founded in 2014.
See also: Crypto Futures Trading Explained
Binance coin (BNB)
Market cap: $45,326,492,472
Position by market cap: 5
Current price: $280.94
Circulating Supply:161,337,261 BNB
Binance Coin is a cryptocurrency established by one of the world’s largest cryptocurrency exchanges, Binance. Binance Coin, which was previously intended to pay for reduced transactions, may now be used to make payments and acquire a wide range of goods and services.
Binance Coin was introduced in July 2017 and was initially compatible with ERC-20 tokens on the Ethereum blockchain before becoming the native currency of Binance’s blockchain, Binance Chain.
Every quarter, Binance spends one-fifth of its earnings to “burn” Binance tokens kept in its treasury.
On April 15, 2021, Binance burned 1,099,888 BNB, equivalent to $595,314,380 worth of tokens.
BNB token has multiple applications, particularly in Defi. BNB is utilized to conduct transactions on Pancake swap at incredibly low transaction fees. As soon as the bear market ends, investors anticipate that the token’s value will reach a new All-Time-High (ATH).
Avalanche (AAVE)
Market cap: $5,053,681,802
Position by market cap: 16
Current price: $17.08
Circulating Supply: 295,963,244 AVAX
Avalanche is one of many initiatives vying to become one of the most widely adopted blockchain platforms. Avalanche is comparable to Ethereum in several aspects. It belongs to a small subset of blockchains that are best described as platforms of platforms.
Avalanche is also the name of the cryptocurrency that enables the Avalanche network to function. The platform’s native currency, sometimes AVAX or Avalanche AVAX, is used to settle transaction fees and can be staked to safeguard the network. It is also the principal investment vehicle, meaning that typical cryptocurrency traders and investors can purchase and sell it to generate money.
A fund of $220 million has recently been formed to promote the development of Avalanche, a cryptocurrency that boasts significantly faster transaction rates than Ethereum.
Avalanche’s cryptocurrency is backed by its blockchain technology, which promises faster speeds, lower prices, and less waste than Ethereum. One of the projects that can compete with Ethereum is Avalanche.
Ethereum is recognized as one of the most significant projects in the blockchain industry due to its capacity to host several other projects. However, of Ethereum’s rivals, Avalanche is the most viable.
If you’re seeking a worthwhile investment opportunity, you should explore Avalanche.
See also: The Best NFT Marketplaces in 2022
Conclusion
The price of bitcoin keeps falling, but what will happen if and when it recovers? When the next bull market begins, what are some currencies or tokens that could be good investments?
Ripple (XRP) is a decentralized electronic payment system that employs the Ripple cryptocurrency. Over time, this coin has generated an incredible rate of return. Hence, it’s a good hold. Stellar Lumens, and its cryptocurrency XLM, have found widespread use in the logistics, remittance, and international money transfer industries. This innovation paves the way for a safe, fast, and dependable transmission of funds over the world.
Binance is one of the biggest cryptocurrency exchanges in the world, and it has also created its own cryptocurrency called Binance Coin. While Binance Coin was initially designed to be used just for small purchases, it is now accepted as payment for a far wider variety of products and services. The BNB token is also a good hold for October.
To become one of the most commonly accepted blockchain platforms, Avalanche is competing with a number of other ventures. There are many ways in which Avalanche is analogous to Ethereum. The easiest way to characterize it is as a “platform of platforms,” which only a select few other blockchains fall under. This is a good project to invest in for October.
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