Before you write this trading year off due to the excessive hit your portfolio has suffered, remember they’re still a few months left, and in the crypto market, anything is possible. How well you busy yourself with analysis, cryptocurrency news, and implementing risk-reducing strategies will determine if you can recover your loss.
If you’re looking for the latter, it’s time to start considering cryptocurrencies with the potential to blow up in the next few months. While the term “cryptocurrency to blow next” has become a catchphrase for individuals looking to shell projects on the Reddit crypto forum and other crypto-related spaces, you shouldn’t lose hope in it completely.
The cryptocurrencies with the ‘potential’ to blow next are leaders Monero and LooksRare token and newcomer PrivaCrip (PRCR). That said, it is still important to do your research and ensure you’re satisfied with each project before deciding which one/ones to embark on.
Monero (XMR) – The Secure Platform
Monero (XMR) has been a top cryptocurrency in the coin market, albeit with less popularity than it deserves. It’s one of the leading privacy tokens in the crypto market, with a market capitalization that ranks it amongst the top 30 cryptocurrencies on Coinmarketcap. Analysts are optimistic that a good run could see it experience a price surge and attain a deserving popularity level in the coming months. Monero (XMR) is included on 300K+ watchlists.
Monero (XMR) peaked at a market price of over $500 in 2021 before the decline in price due to unfavorable market conditions. It currently sells above the $150 mark, and analysts predict it could exceed the $200 market price towards its previous ATH.
Monero (XMR) launched 8 years ago with the sole purpose of allowing transactions to occur privately and anonymously. It leverages advanced cryptography to achieve this without compromising efficiency and ease of use. The platform enables fast and low-cost transactions without censorship and has made it most users’ favorite for private and secure transactions.
LooksRare Token (LOOKS)
LooksRare Token (LOOKS) is a low-priced cryptocurrency with promising prospects in the crypto market. Experts believe its low price and utility could make it a good buy for patient adopters. LooksRare Token (LOOKS) hit its all-time high (ATH) in January 2022 before experiencing a steady decline due to the bear market effect, which saw it hit an all-time low of $0.1 in Jun 2022.
LOOKS token powers the LooksRare network, a community-centered NFTs marketplace that incentivizes traders’ and creators’ participation. Investors that made entry during its all-time low would’ve gained profitable returns as it rallied above the point within the past two months. Analysts believe it can make a more impressive rally beyond the $1 mark, which will be a huge price surge considering it currently sells slightly above $0.3.
Platform users can earn more LOOKS by trading NFTs on the platform and staking the LOOKS token to earn more. It offers flexible purchases using mixed tokens like WETH and ETH. It is scalable, fast, secure, and easy to use.
Introducing PrivaCrip (PRCR)
PrivaCrip (PRCR) is another privacy token on this list that you should watch out for. PrivaCrip network is a crypto project to ensure optimum data privacy for Blockchain adopters, increasing their trust and acceptance in the novel financial system. The new cryptocurrency comes with governance and incentive utility on the PrivaCrip network.
The open-source protocol features necessary privacy-preserving tools and is a functional alternative to platforms and applications that violate users’ privacy rights. The layer-1 blockchain empowers data tokenization and scalability in private DeFi and boasts a top-tier developing team committed to its growth and development.
PrivaCrip (PRCR) has high adoption potential due to its use cases, features, and community support. It’s set to go on presale, and early adopters can benefit from its presale bonuses. This includes 20% on a $1000 purchase and 45% on a $2500 purchase. You can also earn 15%, 17%, or 10% if you purchase with ETH, BNB, or BTC.