The altcoin market has been on the decline since November 2021. Investing now is harder than ever. If you’re one of those investors looking for affordable cryptocurrencies with lots of potential, in this article we list 10 altcoins from analyst Aratrika Dutta’s list.
10 altcoins that can be watched as the market drops
- DeFi products allow people to invest, borrow money and earn interest on money without the help of traditional financial institutions such as banks. Eliminating these intermediaries makes the financial system more efficient. Ethereum, which is at the top of the list, is the heart of the DeFi industry.
- XRP, which maintains close relations with the banking sector and sees huge investments from this sector, is in the second place. According to analysts, with the possibility of the SEC litigation ending, XRP is one of the cheapest cryptocurrencies to buy in 2022.
- Cardano (ADA) is an energy efficient cryptocurrency seen as much more environmentally friendly than Bitcoin. Its price is expected to increase in 2022 as Cardano soon enters the corporate adoption cycle.
- Dogecoin, unlike Cardano, uses a PoW consensus mechanism. The advantage of Dogecoin over Bitcoin is that it is cheaper and faster to process transactions.
- One of the meme coins that has emerged recently, the Shiba Inu has seen some growth in the Bible last year. Among the many factors to consider in owning a SHIB is the impressive community the Shiba Inu has created.
- Tether is one of the most ideal cryptos for investors who want to hold dollars on cryptocurrency exchanges. Considering the UST collapse, its reliability took it one step further.
- Solana aims to be a better version of Ethereum. Its key innovation is a hybrid consensus mechanism that combines PoS with proof-of-history (PoH). It was among the altcoin projects that marked 2021.
- Algorand is a decentralized, Blockchain-based network that supports a wide variety of applications. These systems are secure, scalable, and efficient, which are critical features for effective real-world implementation.
- Stellar is a decentralized protocol based on open source code for transferring cryptocurrency to fiat money domestically and across borders. Its native crypto, XLM, is one of the best-performing altcoins over the past five years, with a market cap of over $1 billion.
- Decentraland was launched in 2017 with a $24 million ICO. It is one of the largest metaverse coin projects in the market. You can find the metaverse news we prepared as Kriptokoin.com here.
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