What cryptocurrencies should you keep your eyes on in the future?

They say that cryptocurrency is the currency of the future. But which cryptocurrencies should you keep your eyes on in the future? We’re giving you 9 suggestions on which cryptocurrencies you should look out for in the future:

1. bitcoin
2. ethereum
3. cardano
4. polkadot
5. solana
6. chainlink
7. dogecoin
8. polygon

Remember, that we do not advise on currencies and do not make recommendations for either buying or selling. We can provide factual information about the different currencies, but past price developments are not an indication of future developments.

No information from Lunar Block should therefore be considered as recommendations and all decisions are up to you alone.

1. Bitcoin (BTC)

According to CoinMarketCap , bitcoin is the biggest cryptocurrency in the world when measured in total market value. In June 2022, the market value was about 573 billion dollars. That corresponds to bitcoin making up a little more than 46% of the world’s accumulated digital assets. Bitcoin is also known for being the world’s first cryptocurrency, and since bitcoin’s creation in 2009, the currency has seen a huge increase in value. From 2015-2022, bitcoin has risen a little over 9,000%.

A special characteristic of bitcoin is that there’s a cap on the amount of coins that can be in circulation at any given time in the world. That cap is at 21 million coins.

Why you should keep your eye on bitcoin in the future:

Since bitcoin has a cap on how many coins can be in circulation, the value of bitcoin will theoretically only rise in the future, as long as the demand persists. In other words, the purchasing power of a single bitcoin can only go up.

Buy bitcoin

Be aware that investing in cryptocurrencies is connected to uncertainty. The prices can go up and down in a very short amount of time, and you could risk losing the entire amount you’ve used to purchase cryptocurrency.

2. Ethereum (ETH)

Ethereum is the next-largest cryptocurrency in the world, measured in market value, according to CoinMarketCap. In June 2022, the market value was about 216 billion dollars.

The way that bitcoin and ethereum differ from each other is especially the amount of coins available, since ethereum does not have a cap on the amount of coins that can circulate.

However, ethereum has an annual cap on how many coins can be in circulation. That cap is at 18 million coins. In June 2022, there were about 121 million ethereum coins. 

Ethereum’s blockchain is suitable for development of decentralised apps, smart contracts and NFTs. Read more about that here .

Why you should keep an eye on ethereum in the future: 

After bitcoin reached record-high values, investors began turning their attention towards other cryptocurrencies to buy and sell. Here, ethereum is a popular choice, since it’s the second largest coin on the market based on market value.

According to CoinMarketCap, bitcoin constituted roughly 46% of the world’s accumulated digital assets in 2022, while ethereum makes up about 18%. Together, the two coins constitute about 63-64% of the world’s digital assets. That makes ethereum a relevant coin to look out for.

Buy ethereum

3. Cardano (ADA)

In June 2022, cardano’s market value was 22 billion dollars. That contributes to about 2% of the world’s digital assets, numbers from CoinMarketCap show. That makes cardano one of the largest cryptocurrencies on the market. Just like the other cryptocurrencies, cardano is built on blockchain technology.

The creators behind cardano use a so-called “proof-of-stake” method to validate new additions of information to the blockchain . Both bitcoin and ethereum use “proof-of-work” at the moment, which is a method that uses significantly more energy. That’s why cardano is currently less energy-intensive than cryptocurrencies who use proof-of-work.

Just like ethereum , cardano’s blockchain can also be used for development of decentralised apps and smart contracts.

Why you should keep an eye out for cardano in the future:

Cardano uses proof-of-stake to validate their blockchain. That’s the same method that ethereum is now trying to implement in their blockchain, since it’s a way less energy-intensive method of validation.

The fact that cardano already now has a functioning proof-of-stake method implemented makes it a very interesting cryptocurrency to keep an eye out for

Buy cardano now

4. Polkadot (DOT)

According to CoinMarketCap, polkadot has a market value of about 9 billion dollars in June 2022, contributing to 0,7% of the world’s digital assets.

Polkadot is a cryptocurrency just like bitcoin and ethereum , but it’s also a protocol. This means a framework of rules, which makes data sharing across different systems possible.

The special thing about polkadot’s protocol is that it enables data sharing across existing blockchains - such as bitcoin and ethereum. Polkadot calls this feature “bridges”, since the protocol builds bridges between different blockchains. 

Why you should keep an eye out for polkadot in the future:

The technology behind polkadot makes it possible for the different blockchains to communicate with each other. On top of that, the technology also enables much faster transactions than what bitcoin and ethereum for instance can handle.

Bitcoin can handle about 7 transactions per second, and ethereum approximately 30 per second. Polkadot can handle more than 1,000 transactions per second.

Buy polkadot now

5. Solana (SOL)

In June 2022, Solana had a market value of about 14 billion dollars, according to CoinMarketCap. That amounts to a little over 1% of the world’s digital assets.

Just like bitcoin, solana is a cryptocurrency you can use as a payment method and as an investment resource. 

On top of that, solana is also being used as a platform for developing decentralised apps and smart contracts. In this context, solana’s platform is especially known for enabling the development of the NFT-collection “Degenerate Ape Academy”. 

The solana-network features very high speeds compared to bitcoin and ethereum. Bitcoin can handle about 7 transactions per second, and ethereum about 30 per second - solana’s network can handle up to 50,000 transactions per second. 

Why you should keep an eye out for solana in the future:

Besides being a cryptocurrency, solana is also an interesting technology and platform. New products are being developed based on the solana blockchain - such as NFTs, decentralised games, and decentralised lotteries - making it a platform with an interesting development. The fact that solana allows over 50,000 transactions per second makes it a competitive technology and cryptocurrency, which could be interesting to look out for in the future.

Buy solana now

6. Chainlink (LINK)

In June 2022, chainlink had a market value of about 4,3 billion dollars according to CoinMarketCap. That makes up about 0,4% of the world’s accumulated digital assets.

Where Chainlink differs from other cryptocurrencies is through its ability to add off-chain-data to the blockchain.

For example, chainlink offers smart contracts. Smart contracts are contracts, which are executed once certain conditions are met. 

Example:

Peter has created a fundraiser campaign. He would like to collect 100,000 DKK for the creation of a large construction project - and he needs the money collected by December 1st.

For that purpose, Peter creates a crypto account, where the money is to be kept.

If the account reaches 100,000 DKK in funding, the smart contract is executed and the money is transferred from the crypto account to Peter’s personal account.

If the account doesn’t reach the 100,000 DKK before the smart contract’s deadline, December 1st, the money will automatically be transferred back to the donors.

The problem is that blockchains don't necessarily “understand” Danish kroner as a datapoint. They will need to translate the Danish kroner to cryptocurrencies on code-level.

And for just that purpose, chainlink developed “oracles” which works like a bridge between blockchain data and real-life data. Through oracles, Peter can finally create a smart contract which understands Danish crowns as a data point.

Why you should keep your eye out for chainlink in the future:

Chainlink’s oracles are an interesting feature, which could be worth looking out for in the future. The feature enables a long list of new innovations based on blockchain technology, where real-life data can be used in blockchain systems.

So if more stakeholders begin to recognise blockchain technology’s potentials in the future, it could mean that more people would feel the need to use real-life data in a blockchain context.

And that’s where chainlink gets a good competitive advantage on the market, since that feature is already in place in their system.

Buy chainlink

7. Polygon (MATIC)

Polygon had a market value of about 5 billion dollars according to CoinMarketCap in June 2022. That makes up about 0,4% of the world’s digital assets.

Central for polygon is that it’s built on ethereum’s blockchain . Ethereum’s blockchain is used for much more than just cryptocurrencies - it’s also being used for development of decentralised apps, smart contracts, and NFTs .

And that is popular. But every time a person adds an NFT to the blockchain, executes a transaction on the blockchain - a smart contract for instance - or develops an app that uses the blockchain to register information, it comes at a certain price: A so-called “gas fee”. The price of gas fees has risen significantly as the use of ethereum’s blockchain has become more and more widespread. Actually, the price has risen so significantly that it barely even pays off to use that feature.

That’s where polygon enters the picture. The polygon network is a “layer-two” network built on top of ethereum’s existing blockchain - a so-called “sidechain”. This means that polygon allows the same features as ethereum’s blockchain, but with far less costly gas fees. 

That gas fees are lower through polygon’s sidechain - instead of directly through ethereum’s blockchain - is due to the fact that polygon also uses the far less energy-intensive validation method, proof-of-stake. 

Why you should keep an eye out for polygon in the future:

Ethereum’s blockchain is a very popular system for developing decentralised apps. However, the pricey gas fees on transactions makes it harder to use the blockchain for people, who simply don't have the budget for that.

This is where polygon is an exciting initiative that enables the further development of decentralised innovations. That’s why polygon could be an interesting cryptocurrency to look out for in the future. If the demand on usage on ethereum’s blockchain continues to rise, it could mean that polygon will see a similar rise.

Buy polygon

8. Dogecoin (DOGE)

In June 2022, dogecoin’s market value was about 10 billion, according to CoinMarketCap. That is approximately a little over 0,8% of the world’s digital assets.

Dogecoin started out as a cheerful alternative to the other cryptocurrencies. Cheerful, because the creators of dogecoin chose to turn the bitcoin-concept upside down.

They did so by not capping the amount of dogecoins which can be in circulation. As of right now, there are more than 130 billion dogecoins in circulation - compared to bitcoin’s 19 million, and ethereum’s 121 million.

And where ethereum has a cap on the amount of new coins that can enter circulation each year, dogecoin has no cap here either. Actually, there are about 10,000 new dogecoins going into circulation every single minute.

Why you should keep an eye out for dogecoin in the future:

Dogecoin has a very low price per coin and is thus easier to purchase for some. You could get a lot of coins for a lot less compared to other cryptocurrencies.

Following the Elon Musk hype, dogecoin has become a popular cryptocurrency among retail investors, which could drive up the price of dogecoin in the future.

Buy dogecoin

9. Terra (LUNA)

In June 2022, terra had a market value of about 634 million dollars according to CoinMarketCap. That is about less than 0,0001% of the world’s digital assets.

The cryptocurrency made itself noticed in 2022 by falling dramatically in price. Where a terra coin at its’ height was up over 119 dollars per piece, it hit a new low-point in May 2022, where the price dipped down to 0,000001 dollars a piece.

Terra’s primary focus has been on the development of stablecoins. A stablecoin is a coin that’s pegged to other assets - just like the Danish krone is pegged to the euro.

If the euro falls, the Danish krone falls.

In the same way, the value of terra will fall or rise in accordance to the assets in question which terra is pegged to. Terra is for instance attached to terraUSD (UST), which imitates the American dollar. 

Before the big crash of 2022 the value of terraUSD was 1:1 to the American dollar. By adjusting the value of terra according to terraUSD, the idea was that the cryptocurrency could be more stable - hence the name, stablecoin.But due to the different circumstances, it ended up with terra’s value taking a huge dive. You can read more about terra's history here .

Why you should keep an eye out for terra in the future:

If the creator of terra, Do Kwon, succeeds in saving the cryptocurrency, it could still be an interesting coin to keep an eye out for.

Because besides having created a stablecoin, which is pegged to the American dollar, terra has also developed stablecoins for many other national currencies. 

If more stakeholders in the future take notice of cryptocurrencies which are pegged to certain assets, concepts such as terra may turn out to be popular.

Which cryptocurrency you should keep an eye out for depends almost entirely on your investment strategy. Do you have a specific favourite coin, you’d like to risk it all for? Or do you want a more diversified portfolio of different coins?

No matter what your strategy is, you can trade the most popular cryptocurrencies on the market with Lunar Block .

It’s a Danish platform, where you can trade with peace of mind - and it only takes a few minutes to get started.

Cryptocurrencies can rise and fall

When you trade cryptocurrencies, you need to be aware that it carries a large risk. The value of your cryptocurrency can both rise and fall, and you can risk losing the entire amount you’ve invested in cryptocurrencies.

Cryptocurrency trading is done through Lunar Block. Lunar Block is not regulated by the Danish Financial Supervisory Authority (Finanstilsynet). That means you won’t have the same protection as when trading e.g. stocks or other regulated assets.

We do not counsel

We won’t advise you about buying and selling. We can provide factual information about the different currencies, but past price developments are not an indication of future developments.

We do not advise on currencies and do not make recommendations for either buying or selling. No information from Lunar Block should therefore be considered as recommendations and all decisions are up to you alone.