Over the last year, Bitcoin hit multiple new all-time high prices, followed by significant drops, and more institutional buy-in from major corporations. Late last year, Ethereum, the second-largest cryptocurrency, also reached a new all-time high.
Meanwhile, public interest in cryptocurrency has soared. It is a hot topic not only among investors but also in popular culture.
In many ways, 2021 was a turning point, but crypto experts believe that the industry’s future is still bright. The projects listed below are widely regarded as the ideal cryptos on the rise.
- DogeCoin (DOGE)
Dogecoin’s prospects appear promising, as it trades at 88 percent of its all-time highs.
The consensus is that Dogecoin will fare much better in the long run than it did in 2022. DOGE is expected to trade at $0.30 by the end of 2022, $0.77 by 2025, and $1 by 2030, according to Dogecoin price predictions.
While Dogecoin’s past price action is important to consider when analyzing its price potential, it is also important to be aware of market factors that are likely to influence its price action.
Elon Musk is another factor that is likely to influence Dogecoin’s price in the future. Musk has been a key driver of Dogecoin’s price movement over the last two years.
Another factor that will likely influence Dogecoin’s value in the future is its high level of decentralization. If the Terra event has taught investors anything, it is that true decentralization is the way to go.
- PolkaDot (DOT)
Polkadot’s native cryptocurrency, DOT, has managed to stay in the top 20 cryptocurrencies by market cap so far.
During the WEF22 conference on May 16, it was announced that interoperability and multi-chain as the future of blockchains would be among the key areas of the project’s focus.
Polkadot’s ecosystem is rapidly expanding as more projects are onboarded through para-chain auctions. While this approach helps to advance the interoperability agenda, it also increases organic demand for DOT from para-chain projects. The community can support projects that align with Polkado’s values and add value to the ecosystem using the para-chain approach.
The DOT’s developer metric has increased significantly and is now at its highest monthly level. The increase is due to the recently announced Polkadot, which also emphasizes the network’s security commitment.
- Gnox (GNOX)
Gnox promotes itself as a cryptocurrency with monetary value. For those who are new to the crypto industry, it is a simple DeFi earning solution.
Gnox is distinguished by its “Yield Farming As A Service” feature, which has been tried, tested, and used by countless DeFi experts. It is infinitely scalable and suitable for novice and experienced investors alike.
Its goal is to provide holders with an investment vehicle that does not require any additional steps. Individuals can buy, hold, and profit from their investments, and they can delegate the grunt work to the Gnox team.
“We strive to make DeFi earning as simple and seamless as possible to support the protocol’s consistent growth,” says a spokesperson for Gnox.
They will start with a small treasury, but as it grows, so will their purchasing power, ability to create more unique features, and ability to reward long-term holders with more rewards.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
Website: https://gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
Instagram: https://www.instagram.com/gnox.io
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Source: https://www.thecoinrepublic.com/2022/06/06/prepare-for-the-rise-of-these-three-cryptos-dogecoin-doge-polkadot-dor-and-gnox-token-gnox/