By 2030, optimists anticipate the crypto sector will be valued at approximately $250 Trillion. However, only a small portion of this may be occupied by Bitcoin, the largest cryptocurrency by market capitalization. This enormous market will be dominated by alternative cryptocurrencies (altcoins).
The majority of new altcoins are presently trading for pennies, making at present the optimal time to buy top altcoins. Given that there are currently over 22000 altcoins accessible, it can be difficult to identify the best altcoins to buy today. This article clears up the complexity and assists you get started with altcoin investing by covering the top 10 altcoins to invest in 2022.
Ethereum is arguably the best altcoin to buy now, owing to its enormous upside potential. It is the biggest smart contract platform and home to the highest number of DeFi, dApps, Metaverse, and Web3 initiatives. Ethereum has a wider network than Bitcoin and is even more effective than Bitcoin. Ethereum is currently the best altcoin to buy because of its potential to surpass BTC and surpass the $10,000 level.
Solana is the smart contract platform with the quickest growth rate. Solana has swiftly adopted each of the technologies presented on Ethereum in an effort to displace Ethereum as the most popular smart contract platform. The cryptocurrency does not appear to be slowing down in the future, which is why we rank it among the top 10 altcoins to invest in 2022. Even in the midst of a down market for cryptocurrencies, Solana is aggressively expanding its infrastructure by onboarding more applications and protocols and developing its community. All of these factors demonstrate why you need to add Solana to your watchlist of altcoins to buy during the current downturn.
Cardano is the largest platform for smart contracts. It has maintained a positive rise since its introduction, despite integrating only a fraction of the upcoming technology that its fellow Ethereum-killers, such as Solana, have included. These factors have not prevented it from becoming one of the top 10 cryptocurrencies. This is a significant indicator of investor confidence in the crypto project and is one of the key reasons we list ADA as one of the best altcoins to buy in 2022.
Decentraland is the primary project in the Metaverse. And this may explain why all the valuable pieces of land in this virtual realm are oversubscribed by large off-chain companies seeking to establish a presence there. These companies include JP Morgan, Coca-Cola, Samsung, and Forever 21. Decentraland is anticipated to recruit more developers and users in the future. This is the key reason we believe Decentraland is among the top 10 altcoins to invest in 2022.
Binance Coin (BNB)
Binance Coin is the utility cryptocurrency for the world’s most well-known and accessible crypto exchange. It also serves as the native token for one of the smart contract platforms with the quickest growth, the Binance Smart Chain. It is presently utilized to settle transaction fees on both networks, and speculative investors have accepted it in large numbers. These characteristics have allowed it to maintain its climb and become one of the top 5 cryptos. Nevertheless, we rank it among the best altcoins to buy in 2022 due to its bright outlook.
Uniswap qualifies as one of the top 10 altcoins to invest in 2022 due to its exemplary historical performance and the likelihood that it will reproduce these gains in the future. We believe that Uniswap should be on everyone’s list of the best altcoins to buy today due to its unique and dynamic nature. This is demonstrated by its consistent updates, from Uniswap V1 to the present Uniswap V3.
Shiba Inu (SHIB)
Shiba Inu has built one of the most lively crypto communities on social media, attracting a cult-like following. These have had a significant role in promoting the meme coin, maintaining its upward trend, and maintaining its status as the second most valuable memecoin. This is one reason why we believe SHIB is one of the top 10 altcoins to invest in 2022. We also believe that SHIB tokens are one of the top altcoins to buy now due to their exceptional performance in the past.
Interoperability is one of the greatest obstacles to global blockchain adoption that Cosmos aims to overcome. This makes it one of the most important crypto projects of the future and one of the top altcoins to buy and hold in 2022. Future acceptance of blockchain technology and the need for an interoperable cryptoverse are anticipated to propel ATOM token prices to unheard-of heights, thus validating its inclusion on our list of altcoins to buy today.
By the time it reached its peak in early 2018, the price of a Ripple token had risen by more than 68,000% above its launch price. XRP is currently trading at a discount, more than 90% below its all-time high. Ripple is the best altcoin to buy in 2022 for speculative investment purposes, as an increasing number of analysts are bullish on XRP’s future and anticipate a rally before the turn of the decade.
Aave is the second most widely used lending network and the fourth most profitable DeFi project, with a total locked value of close to $5 Billion. Accelerated usage of blockchain applications will have the net effect of skyrocketing AAVE token prices, making it one of the top 10 altcoins to invest in 2022. The vast majority of crypto analysts and fintech specialists are optimistic that the price of Aave tokens will continue to rise in the future.
The upside potential of usable cryptocurrencies with sustainable blockchains that tackle pressing global problems is enormous. They have the power to multiply your portfolio in a short period of time. In addition, the fact that the majority of these altcoins sell for very modest prices suggests that you need only a little amount of capital to begin accumulating them and constructing a portfolio. The top 10 altcoins that we covered above are featured on some of the most popular cryptocurrency exchanges.