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As we draw closer to the new year, everyone is wondering the same thing – which crypto is going to make it big next year? From high-cap behemoths to scrappy underdogs, we've put together a shortlist of coins that have been making big waves on social media as analysts make their voices heard.
Solana has had a massive year in terms of price appreciation, as shown on the yearly chart above. SOL is now trading at $72.3 with a market cap of almost $31 billion. Ranked at #6 in the entire industry, Solana has come leaps and bounds to become one of the most popular cryptocurrencies in the world thanks to the utility it provides in offering fast transactions and scalability on a dApp protocol that might end up rivaling Ethereum.
Solana is now up 498% since the start of the year. However, this is nothing compared to the all-time high.
In 2021, SOL was worth $243, more than triple the current value. The fact that SOL has demonstrated the ability to reach a much higher valuation, plus the rapidly increasing growth now seen on the charts, both combine in a way that has many analysts very excited indeed about the possibility of a bull run in SOL for the coming year.
LUNC has seen quite an unexpected comeback, especially seeing as the coin fell about 99% in value with the collapse of the Terra ecosystem last year.
It's very unusual for a coin to survive such a large drop in value. However, LUNC has doubled in price this year and remains worth almost one billion dollars, with 24 hour trading volumes in excess of $200 million. Not bad for a project many people had written off!
Now trading at $0.00016, LUNC was once worth $100 per coin, and with talks of revitalizing the Terra ecosystem that LUNC is a part of, many traders believe that LUNC could be massively underbought at the moment. Terra developers are now working with Binance and Mint Cash to bring new utility to the project, leaving many in the marketplace waiting with baited breath to see just how far this incredible comeback might go.
The El Hippo memecoin has made major waves in the meme coin space since launching in August, already amassing well over 100k followers online and 10k token holders. A recent listing on Bitget and a $54,000 airdrop led to a surge of interest and an all-time high in price earlier this month, with HIPP showing massive 450% gains.
As is often the case when people cash out winnings from a major airdrop, HIPP price has now ticked downwards below that all-time high, but the project has continued to create quite the buzz online thanks to ongoing meme contests, fan-generated content going viral online, and new updates for the project. These updates include a line of NFTs that reward users and a $150,000 token burn of 2% of the whole token supply, making HIPP a rarer asset.
As far as crypto moonshots go, El Hippo is becoming an increasingly attractive option in the eyes of some analysts who have been likening the project to an early-stage Shiba Inu or Pepe.
As always in crypto, the future is uncertain. There is no way of knowing for sure what cryptos will be a big success in the coming weeks and months. However, identifying upward trending projects that have seen a recent price correction can be a good way of getting your hands on oversold projects that may have plenty of climbing left to do, particularly when online social media sentiment is in their favor.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
