Bitcoin is always the first cryptocurrency that will come to mind. After all, bitcoin is the first digital coin to grace our generation. Bitcoin is a leading choice when investing in crypto for beginners, and it’s a top choice when using crypto for transactions. You can sell gift cards for Bitcoin, earn coins by mining, and buy various products and services.
But for budding investors and traders, reaching for the most known coin is not always the most profitable option. Even though Bitcoin remains a top choice for investors and traders alike, there are tons of other, potentially more lucrative coins out there.
Here are the next digital currencies that are expected to explode this year.
SingularityNET is a blockchain system that you can use to create and monetize AI services. This blockchain opens a global marketplace for AI where anyone can create and buy AI services with AGIX utility tokens.
The rise of AI is undeniably one of the most exciting developments of the year. But beyond interesting AI art generators and writing bots, the cryptocurrency world stands to profit from AI tools as well with this coin.
While SingularityNET has already experienced spikes in value earlier this year, the price continues to rise. Because this coin is fueled by the success of AI, investors can expect more price spikes with further AI developments.
Ethereum might not initially seem like it belongs on this list. This coin’s value is currently experiencing a bit of a low and is far from the most valuable on the market. However, it has been the second-best digital currency for several years, and anyone who knows about Bitcoin knows that Ethereum is the next best thing.
Fetch.ai is an artificial intelligence lab that enables users to organize and build their autonomous agents. These AI agents can then manage various real-world tasks to provide the user with profits.
Agents store and interact with data on this blockchain platform to collaborate without human interaction. FET tokens are the native digital currency used as payment for this platform. Fetch.ai did exceptionally well earlier this year as well, and experts predict price hikes to continue along with the development of artificial intelligence.
Polygon is a pretty unique cryptocurrency because it’s a blockchain platform that is designed to work with other blockchain platforms. Polygon provides Ethereum scalability by allowing dApps to use Polygon’s sidechains.
Nevertheless, one of the most significant pull factors to choose this coin is that it has partnered with mega-brands, including Walt Disney, Starbucks, Meta Platforms, and Nike.
Monero is a top choice regarding privacy, which says a lot when considering cryptocurrencies are generally about incredible privacy. Even though Monero isn’t associated with high gains, it is one of the more stable options for long-term crypto investors.
There are tons of cryptocurrencies out there, with tons more emerging. As a crypto investor or trader, it’s essential to do a bit of research on coins before buying in.