Cryptocurrency prices have had a difficult performance in 2022 as worries about the Federal Reserve continue. As a result, the total market cap of digital coins has fallen from over $2 trillion to about $1.8 trillion. This performance has mirrored that of the stock market, considering that the Dow Jones and the Nasdaq have moved to a correction. Still, some cryptocurrencies like GMT, ApeCoin, and Kyber Network have defied the odds. So, which crypto will explode in 2022?
ZoidPay (ZPAY)
ZoidPay is a small-cap cryptocurrency whose token is valued at more than $370 million. It is one of the cryptocurrencies that could explode higher in 2022. For starters, ZoidPay is a fintech platform that lets people pay for popular products using cryptocurrencies.
The process works in a simple way. First, a user downloads and installs a Google Chrome extension. With the extension installed. They will use the platform when they are paying for their products and services at cash out. The network is now accepted by most companies such as Netflix, Rakuten, Alibaba, and Amazon. Users can use it to buy in over 100 million stores globally.
ZoidPay also has solutions for developers. It lets them use its SDK to build Decentralized Finance (DeFi) applications. These apps then use their platform to handle the payments. ZoidPay is a relatively new cryptocurrency and is not yet listed in most exchanges like Coinbase and Kraken. This will be a major catalyst that will increase its price in 2022. The ZoidPay price has more than doubled this year.
Civilization (CIV)
Civilization is another crypto that is set to explode in 2022. It is a Decentralized Finance platform that intends to disrupt the industry in a simple way. Its main feature is that it charges no fees for people to swap tokens. The network has been integrated in ShibaSwap, Immunedi, Crypto.com and Chainlink.
CIV, the native token for Civilization, has a total market cap of about $39 million. This makes it a significantly small coin in the DeFi industry. However, the coin has been trending in both CoinGecko and CoinMarketCap, signalling that there is demand.
The main catalyst for the Civilization price in 2022 will be the launch of its farming and investing features. These will bring more investors to the network and boost the Civilization price.
Step App (FITFI)
One of the sub-sectors in the decentralised industry this week has been on fitness. Indeed, this explains why the GMT price has surged by more than 30,000% in the past few months. Naturally, therefore, investors will likely bet on other players in the industry.
Step App is a blockchain project that seeks to emulate the success of Stepn but in a virtual context. The app is built on the FitFi Protocol. Like StepN, people can buy NFTs, exercise, and earn returns. The play income comes from micro-transactions, staked play, tournament games and NFT marketplace.
The FitFi price has jumped sharply in the past few months, and there is a likelihood that the price will keep soaring in the coming months. The coin has a market cap of over $47 million.
SweatCoin (SWEAT)
SweatCoin is another cryptocurrency that is set to explode in 2022, even though the SWEAT token has not been launched yet. SweatCoin is one of the most popular fitness applications on Android and iOS. It has over 13 million users from around the world.
SweatCoin uses advanced technology to ensure that people can make money by just exercising. One of the technologies it uses is GPS, which ensures that people do the actual exercising. They are then rewarded using SWEAT token that they can use in the ecosystem.
Now, to create more utility for the network, the developers are using the Near Protocol to unveil their cryptocurrency. Holders of the Sweat Coin will be able to cash out in an easy method using any cryptocurrency exchange. Therefore SweatCoin will be a key cryptocurrency to watch once it is launched this year. For one, the network is already a well-known success story.
Other cryptos that will do well
There are other key cryptocurrencies that are set to do well in 2022 and mirror the performance of ApeCoin and GMT. Other notable names that could do well include the Nest Protocol, DotMoovs, Green Satoshi Token, and PinkSale, among others.