Below, we list 9 altcoin projects from the list of analysts that have the potential to appreciate in the coming years. Among the projects you can find are tokens representing the main sub-sectors of the market such as DeFi, meme coins and metaverse projects.
Sandbox
Sandbox is at the top of the list of altcoin projects to follow in 2022. Metaverse could be one of the buzzwords of blockchain and mainstream technology in the years to come. The Sandbox is one of the most interesting projects on the market. For those unaware, metaverse basically refers to an immersive 3D environment. While these have been around for several years, they are expected to become increasingly important in the new future.
Sandbox is essentially a virtual reality world where users can build, interact, create and trade. In a way, it’s similar to mainstream games like Minecraft, but the possibilities in The Sandbox are more or less endless. Users are able to build marketplaces, develop their own games, and create in-game buildings and locations, and best of all, they won’t need advanced coding knowledge to do so. If the Metaverse concept is truly successful, it might be a smart move to buy SAND in 2022
Filecoin
Filecoin is another altcoin worth following in 2022, according to analysts. Given the amount of work done online in 2022, it’s not surprising that storage is high right now. Platforms like Amazon Web Services currently dominate the market, but Filecoin wants to break things up and leverage Blockchain technology to provide a more efficient and cost-effective way of providing storage. Naturally, this could make the project quite valuable, and if Web 3.0 includes a shift to more mainstream trust, then Filecoin could make itself the best platform for cloud storage.
Filecoin is essentially a decentralized storage marketplace that allows users to lease unused storage resources. Domain providers are rewarded with the platform’s native cryptocurrency FIL; this is of course how those who want to store data pay for the service. Realistically, demand for storage will only increase and consumers will naturally gravitate towards the cheapest solution. Therefore, analysts consider Filecoin to be one of the best altcoins to buy in 2022.
Aave
DeFi has been one of the biggest developments in the blockchain world in recent years and the industry is currently valued at an estimated $78 billion and growing by the day. Aave is one of the top platforms in the space with nearly $10.4 billion locked into its protocol, second only to Maker in terms of total value in its pools. Working on Polygon, Aave is a lending platform that many market analysts believe is poised to grow.
Competition in the DeFi market is fierce, but analysts think Aave’s take on social media with the launch of the Lens protocol could help strengthen its profile and help DeFi become mainstream. Aave also benefits from being one of the simpler-to-use DeFi platforms, which could place it at the forefront of mainstream adoption once again.
Shiba Inu
Of course, meme coins are not to every investor’s taste, but the Shiba Inu is positioning itself as a legit DeFi system. Although it launched as a competitor to Dogecoin, following the tradition of dog-themed branding and focusing on building an online community, the Shiba Inu has continually expanded its offering and now offers a much more complete ecosystem than before.
Shiba Inu now offers a highly respected staking program, including additional tokens LEASH and BONE that can unlock additional rewards. Then there is Shiba Swap, the platform’s DEX hub, as well as an artist launchpad hub that promotes the use of Blockchain among developers and digital artists. Currently, Dogecoin is arguably the most popular meme currency, but Shiba Inu’s more complete package seems to be turning the tide.
Binance Coin
Binance Coin is one of the ‘big three’, along with Ethereum and Bitcoin, an almost permanent fixture in the top cryptocurrencies by market cap. The native token of Binance exchange BNB, which is the largest of its kind in the world, already has a pretty solid use case and its main exchange has gained enough momentum to ensure that its token will always be one of the top runners.
But since the release of Binance Smart Chain, the game has changed. One of the most advanced blockchains in the market, BSC offers faster transaction rates and lower fees than its main competitor, Ethereum. Naturally, a faster platform, already an established name in the cryptocurrency world, appealed to developers, and many leading DeFi projects are built on BSC. When it comes to altcoins, Binance Coin has one of the most solid use cases and the least downsides among other leading tokens.
Solana
Another altcoin worth watching in 2022 is Solana. It was created in 2017 but remained in development for a few years, then properly released in 2020. It was immediately touted as an ‘Ethereum Killer’ thanks to its significantly faster transaction speeds and lower fees. Initially, the project did not receive much attention, despite its impressive performance statistics. However, over the past year Solana has seen meteoric price spikes that have made it a top cryptocurrency.
One of the things that makes Solana stand out is its Proof-of-History consensus mechanism. This system reduces the amount of information validators have to work with by using timestamps in transactions, instead of each validator (validator) running through the entire block, as in traditional PoS consensus systems. Proof-of-History allows Solana to stream at much higher speeds, potentially processing up to 65,000 transactions per second.
Decentraland
Decentraland is a virtual 3D world that allows users to purchase parcels of land delivered in the form of NFTs on which they can build houses, gardens and landmarks. But Decentraland is more than just a SimCity type game; users can develop programs such as games, businesses and applications in the virtual environment. Digital artists may also publish their work in Decentraland, perhaps even displaying it in a museum they have built specifically for this purpose.
real estate is a great value, especially if it’s in one of the more trendy neighborhoods. A single plot of land was sold last year for the equivalent of $2.4 million. The reason we think Decentraland is a good addition to any forward-looking portfolio is because of how much focus has been placed on metaverse concepts lately. Both Facebook and Microsoft devote significant resources to developing their own, but Decentraland is already up and running and has almost unlimited potential, according to analysts.
Ethereum
Ethereum has faced some criticism over the past year due to rising gas fees and network overload. But make no mistake, it is still the leading Blockchain by some margin, hosting more DeFi, meme coins, and cutting-edge projects than any other smart chain. Therefore, it can be argued that other leading projects, including a few on this list built on Ethereum, will have a positive on-chain effect on the price of Ether.
But Ethereum is still the second largest cryptocurrency in its own right and the number one altcoin. While it’s fair to say that there are faster, more advanced smart chains on the market now, the ongoing Ethereum 2.0 upgrade could tip the balance and put Vitalik Buterin’s pet project once again at the forefront of Blockchain technology. Ethereum is also important for access to some of the world’s leading DeFi, so analysts consider Ethereum to be a more or less important altcoin for 2022
XRP
best to follow in 2022 Project Ripple XRP in the list of altcoins. It can be said that altcoins have one of the best use cases. While many are more ambitious, they often speculate about the future of e-commerce. Ripple, on the other hand, fills a need that is relevant right now – cheaper cross-border payments. Known as the ‘bankers’ crypto, Ripple aims to compete with SWIFT, the current standard for cross-border remittances.
SWIFT is known to be costly and time consuming. Other methods of international money transfers also require banks and financial institutions to hold holdings of many different values. By using the native cryptocurrency XRP as a medium of exchange, Ripple can offer much faster completion rates at a fraction of the cost. He added it here as it is widely speculated that Ripple’s legal battle with the SEC may end in the very near future and we think this could have a positive impact on the value of XRP.
Analysts do not ignore these altcoin projects
The list of altcoins to follow in 2022, which we compiled as Kriptokoin.com, includes projects covering a wide variety of Blockchain mechanisms. This type of diversification is arguably the most important consideration when putting together an investment portfolio. But the truth is, no one can tell what will happen in the future, and there are a few more tokens that analysts see as high potential. For example, the following tokens also show great potential and are easily exchangeable for altcoins operating in the same space, for example Cardano for Solana or Aave for SushiSwap.
- Cardano
- SushiSwap
- Tron
- Maker
- Axie Infinity
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