Best Altcoins to Invest in 2022
What is an Altcoin?
Bitcoin is the first-ever created cryptocurrency. That’s why it is called first-generation crypto and altcoins are second and third-generation cryptocurrencies. They are an alternative to bitcoin.
Bitcoin was created to fulfill some needs of the society that centralized currency could not fulfill whereas altcoins were created to fulfill the gap which bitcoin could not. And, that’s why altcoin is highly valued. There are some best altcoins to invest in. As of now, there is 18,000+ coins are listed in CoinMarketCap even every day a new altcoin is launching. For example coins like BNB, Shiba Inu, Solana have already generated a massive return for their investor since launch. Whereas many altcoins have lost more than 95% value since launch. Therefore while choosing the best altcoins you need to be aware. So here is the list of best altcoins to invest in 2022.
Which altcoins to buy in 2022?
- Lucky Block (LBLOCK) — Lucky Block is the best altcoin to buy with huge potential. Lucky Block is a blockchain-based lottery platform. It uses blockchain technology to improve lottery traditional lottery system. It provides investors a chance to purchase a lotto ticket by using Lucky Block tokens, which makes the whole lottery process fair and digitalized.
The pay-out system in Lucky Block is much faster and it conducts multiple prize draws every day. This platform recently completed an excellent successful presale phase which prompted the developer team to list the token on PanCakeSwap to meet early demand. And that’s why the price of Lucky Block increased by 230% during its first 24 hours of listing on PanCakeSwap. Lucky Block already has 25000 members in its telegram group.
2. Avalanche (AVAX) — Avalanche is the most promising cryptocurrency to purchase in 2022. This innovative blockchain platform is superfast. It uses three chains rather than one chain, which divides the work and that’s why AVAX is superfast. The speed of the transaction in this platform significantly increased because AVAX uses two separate mechanisms, that ensure that the platform is scalable.
3. Ethereum (ETH) — Ethereum is the most promising cryptocurrency to purchase for long-term value. Ethereum is the second-largest crypto in the world just behind Bitcoin. Ethereum provides a platform to decentralized application developers a way to construct and host Decentralised Apps with complete support for smart contracts. Ethereum is all set to release Ethereum 2.0 in 2022 which will increase the transaction speed and improve the scalability and reduce transaction fees. This is great news for the investors. When Ethereum 2.0 will launch then Ethereum value will skyrocket.
4. Decentraland (MANA) — One of the cheap cryptocurrencies to purchase for metaverse development. Crypto investors believe that Decentraland provides exposure to the metaverse and that’s why Decentraland is one of the best altcoins to invest in 2022. MANA creates a blockchain-based virtual world where users can create their character and purchase in-game land or plot in the metaverse. All items within the game are NFTs. In simple terms purchasing a plot means purchasing an NFT. You can buy it at a low price and sell the NFT at a high price. By the time when the Metaverse concept will gain more popularity then the value of this coin will be higher.
5. Shiba Inu (SHIB) — Another new altcoin to invest in 2022 is Shiba Inu. Shiba Inu is the most promising cryptocurrency to meme coin to buy. Shiba Inu came to the picture in October 2021. Shiba Inu’s price increased by 1000% within a month. There was a buzz created in social media such as Reddit for Shiba Inu. But now there is a use case of Shiba Inu named ShibSwap just launched. ShibSwap will boost Shiba Inu’s decentralized exchange (DEX). So now there is a scope for Shiba Inu’s price to continue upwards throughout 2022. That’s why Shiba Inu is one of the best altcoins to invest in 2022.
6. Cardano (ADA) — Cardano is a great crypto project with an exceptional development team. Cardano is going through a tough time for the last few months but this is one of the cheapest cryptocurrencies to buy with excellent prospects. Cardano is an alternative to Ethereum. Like Ethereum, it provides a platform to developers to build decentralized applications. Cardano’s system is designed by expert academics with a proof-of-stake algorithm. The proof-of-stake algorithm is way more scalable than the proof-of-work algorithm to achieve consensus. That’s why Cardano is one of the best altcoins to invest in 2022.
7. Polygon (MATIC) — MATIC is a new token to purchase in 2022 for huge scalability. MATIC is a layer-2 solution on Ethereum. Like if we consider Ethereum as a Layer-1 network then the polygon is made on Ethereum. It’s a highly scalable coin. Though it is made on Ethereum, polygon offers faster speed and lower fees. In recent times SoftBank invested approximately 300 million dollars in the polygon. It’s an excellent token for developers as well as investors. That’s why Polygon is one of the best altcoins to invest in 2022.
8. Curve (CRV) — Curve is cheap and one of the most Stable coins to invest in. It is a decentralized exchange (DEX) built on the Ethereum network. For Defi exposure, the Curve is the most popular token to buy. The valuation of the Curve is 14.4 Billion Dollars and it is the second-largest Defi project in the world. Curve users can swap stable coins through liquidity pools, it is operated via smart contracts and the annual yield in the curve is also very impressive. That’s why Curve is one of the best altcoins to invest in 2022.
9. Ripple (XPR) — Rounding off the list of best cryptocurrencies to invest in 2022 is Ripple. Ripple Net is a payment and exchange network that offers cheaper and faster money transfers than banks. And this Ripple Net is made on Ripple. XRP already proved its use case. So with time, the online transaction will increase and the value of Ripple will also increase
