If you think bitcoin is the only crypto worth investing in, then you are quite missing something. Crypto analysts predict that the crypto market will be worth around $250 trillion in 2030. However, not all of this is going to be Bitcoin; a huge chunk will be covered by the altcoins. Investing in these coins now is as good as it ever gets since they are as cheap as once Bitcoin was in the initial days.
Due to the fact that there are currently more than 22000 altcoins on the market today, it can be difficult to pick the top altcoin to invest in today. Don’t worry. We are here to clear up this misunderstanding and help you. In this guide, we have assembled a list of the top altcoins for you to start investing in. Bear in mind that this list is not at all exhaustive and you can definitely find other valuable altcoins upon decent research on the internet. Do not have a net connection seamless enough to perform that kind of thorough research? A viable option you have in that case is to subscribe to AT&T Internet as it provides dependable and speedy coverage. That said, let us get started on the most sought-after altcoins.
1. Binance (BNB)
The Binance exchange platform has developed its own token BNB. Binance Exchange is one of the most popular crypto exchange platforms in the world. You can use the Binance exchange to trade Binance (BNB) coins and get discounts on trading via its own platform. You can also utilize BNB outside of the Binance exchange for processing different types of online payments, including ones for travel reservations.
In spite of being affected by the Binance Smart Chain for the last few months, BNB is still regarded by many investors as one of the best altcoins to invest in 2022. BNB is poised to become a leader in the near future with the help of innovative uses and Binance’s hype.
2. Ethereum (ETH)
The second-most-known cryptocurrency after Bitcoin is Ether. Ether is the native currency of the decentralized digital financial network, Ethereum. Ethereum allows users to make use of the blockchain to run decentralized apps and also host smart contracts. It’s a platform for builders which helps them deduce future blockchain technology advancements. As there is a possibility that the token will break over $100,000 by the end of the decade, one can say that Ethereum is even more useful than Bitcoin despite having a smaller ecosystem than the latter.
3. Solana (SOL)
Next on the list is Ethereum-killer, Solana. It is the fastest-growing investment altcoin for smart contracts. It has successfully taken over every technology found on Ethereum such as NFTs, Metaverse, meme coins, etc. Moreover, the Solana blockchain is far better in regard to speed, scalability, and cost-effectiveness when compared to Ethereum.
Furthermore, Solana is excellent for small transactions as it can handle ones as small as less than 1/1000th of one cent in value. According to CoinMarketCap, SOL’s price was just $0.78 in early 2020. From then on, it increased 33,000% in less than two years!
Very recently this year, however, Solana has hit the lows of $80-ish, which suggests that this could be the perfect moment to start trading.
4. Cardano (ADA)
Cardano is one of the biggest proof-of-stake blockchain platforms in the market. It was one of the first to introduce the proof-of-stake consensus mechanism, which eliminates the energy-intensive and competitive software development of platforms such as Bitcoin.
Furthermore, it is based on research that has been peer-reviewed, which gives it a lot of credibility in the eyes of fintech and crypto experts. Similarly, its value has steadily increased since it was introduced. Today, Cardano is on the list of top-10 crypto projects by the market cap.
5. Decentraland (MANA)
The pioneer of the first metaverse project is Decentraland. The project has driven off-chain brands like Coca-Cola, JP Morgan, Samsung, and Forever 21 to purchase and subscribe to plots to establish their virtual presence.
According to Decentraland, its monthly active users amounted to around 300k around the end of 2021. Investor interest in MANA has also been growing rapidly, as evidenced by the increasing number of wallets that hold the coin and its rapidly rising trading volume.
6. Shiba Inu (SHIB)
In spite of its introduction to kill the hype of Dogecoin, this meme coin became an international sensation after its value skyrocketed by more than five million times. Cryptocurrency has gained a lot of attention since then and has been one of the busiest social media communities among cryptos.
Based on its success, it has evolved beyond a meme. In addition to developing an ecosystem and implementing a DeFi system, the founders announced plans to release Shib card games and collectibles in the future. There is a common perception among investors that Shiba Inu can become more valuable in the future if you purchase them now.
These are the top cryptocurrencies looking promising in 2022. However, investments in cryptocurrencies are not only most profitable but also riskier. We suggest our readers conduct the maximum possible research before investing in any cryptocurrency. Before personal study, any investment can be led to financial loss. If it comes to cryptocurrencies, their behaviors are like a roller coaster journey so it’s almost impossible to predict the future of cryptos with 100% accuracy. A risk analysis is essential before any investment.