Over the past few years that the fame of Cryptocurrency has increased and refuses to go down as time passes. This has made many investors shift from investing in traditional fiat currency to investing in Cryptocurrency. Following the increasing cryptocurrency trend, everyone is thinking of getting into the crypto market and turning their fate around.
Therefore, knowing the volatile nature of Cryptocurrency, one cannot help but wonder what the best Altcoins to invest in 2022 are? It is a reasonably challenging task to achieve, especially if you are a beginner and learning your way around Cryptocurrency. So, either you are new to the world of Cryptocurrency, or if you are looking to invest in altcoins, you have come to the right place.
Top 10 Altper Coins List – The Best 10 Altcoins to Invest In 2022
Let us have a look at the altcoins list to help you decide which one you should invest in:
#1 Ethereum (ETH)
Ever since the Bitcoin increase in 2020, the value of Ethereum has been steadily increasing and hasn’t stopped still. ETC has gained more popularity and stable growth ever since Ethereum 2.0 got launched. From the looks of it, we can say that the odds of ETC are all in favor. The new algorithm rolled out maximizes the reliability of ETC as it switches the network algorithm from Proof-of-Work to Proof-of-Stake.
As the stakes of ETC look optimistic in the near future, it is not wrong to say that it can make a good midterm investment in 2022. Also, since ETC has Paypal support, it further increases the accessibility to make a subsequent investment.
#2 Polkadot (DOT)
Polkadot (DOT) provides an alternative to Ethereum. It has smart capabilities to help speed up transactions that too in a low transactional cost. Also, it works to provide interoperability amongst blockchain, making it easy for DOT to connect permitted and permission-less blockchains.
Not only does it allow interoperability, but the use of its primary relay chain DOT allows parallel blockchains to use native tokens in case of a particular requirement. Polkadot works with decentralized applications, and developers can also create a one-of-a-kind blockchain for enhanced security.
#3 Litecoin (LTC)
The Litecoin LTC gets considered as being the silver to the gold of Bitcoin. But, it may not be wrong to say that Litecoin is so much more than just that. It is known to have a market capitalization value of more than $17 billion, making it one of the top 20 global cryptocurrencies to invest in.
Litecoin (LTC) was debuted back in 2014 and had an ample supply of coins to 84 million. Compared to Bitcoin, the amount of LTC are four times more than Bitcoin. It works with a blockchain following the proof-of-work model to provide much more swift and cheaper transactions than Bitcoin. A Litecoin transaction hardly takes about 2.5 minutes to complete, while a Bitcoin transaction may take 10 minutes.
#4 Binance Coin (BNB)
Binance Coin (BNB) is yet another altcoin that has seen a steady increase in the past year and 2021. It is the reason why it is said to be one of the highly valued altcoins. You can start your investment even as low as thirty dollars to see exponential growth that at least 17 percent of your initial investment.
The transaction fee of a single transaction gets 50 percent decreased if you use the exchange’s native crypto network. Over the years, Binance has emerged as the most trusted and reliable altcoin to invest in. You can also buy or sell several other cryptocurrency coins using the Binance coins.
#5 Dogecoin (DOGE)
Over the past year, Dogecoin (DOGE) has immensely surprised everyone. Going into 2022, we can say that Dogecoin has much instore as it is improving every day. Working with a developer team could help Dogecoin gain more stability and momentum in the coming year.
In 2021 Dogecoin’s value increased by 12000% and sent ripples throughout the world of Cryptocurrency, all because of a few bunches of tweets from the Tech giant Elon Musk. To figure out how Cryptocurrency performs in space commerce, SpaceX and Geometric Energy Corporation have announced a launch of a Doge-funded moon mission.
The prospects of Dogecoin look promising, and its value is expected to increase once the mission to the moon materializes. According to experts, the potential return on investment of Dogecoin can be about 60%. So, overall we can conclude that Dogecoin sure seems like a promising altcoin ideal for short or mid-term investment.
#6 Ripple (XRP)
Ripple (XRP) aims to transform the current financial network. It seeks to create a bridge between fiat and cryptocurrencies. Since it allows powerful cross-border transactions, investors can make transactions to global exchanges in mere seconds. Due to its exponential potential, many financial institutions have partnered up with it showing signs of a great
#7 Chainlink (LINK)
Chainlink has also surfaced as the most promising altcoins out there. It shows tremendous potential for growth in the coming year. It sure is worth investing in if you are looking for long-term growth. It all rests upon its ability to perform outside the cryptosphere and widespread DeFi adoption.
#8 Uniswap (UNI)
Uniswap (UNI) is also one of the altcoins with a steady increase over 2020-21. The main reason to invest in Uniswap is that it works as a primary token for the Uniswap DEX. It believes in delivering and utilizing liquidity. So, if you have a firm belief that Uniswap DEX is the future, then you must have Uniswap on your crypto portfolio.
#9 Shiba Inu (SHIB)
Shiba Inu (SHIB) is yet another one of the best altcoins to invest in 2022. It reaches a new high every day. Though it still is a meme coin, it shows great potential for a lucrative long-term investment. Since its emergence in August 2021, Shiba Inu has grown exponentially. It has made investors petition for its listing on the Robinhood Markets (HOOD)
#10 Cardano (ADA)
Cardano (ADA) aims to solve the issue of electricity and power consumption needed for cryptocurrency operation. Cardano has yet to receive its due media attention when looking for a long-term investment. It has much to bring to the table.