2022 has been a tough year for the cryptocurrency market. Almost all altcoins, including Bitcoin and Ethereum, have lost 50% more than ATH prices. In this article, let’s take a look at which altcoin projects we can follow in 2022 from analyst Kaushiki Ghosh’s list.
8 altcoins you can follow in the rest of the year
Ethereum (ETH)
According to analyst Kaushiki Ghosh, the biggest cryptos to invest in in 2022 are Ethereum and Bitcoin. Ethereum is used in most of the cryptocurrencies discussed in this article. It is a valid altcoin for almost all meme coin and metaverse projects.
Analysts believe that the value of Ethereum (ETH) has a lot of room for a future increase. They also see investing in Ethereum as a long-term tool. As a result, while Ethereum is currently undervalued, it could be advantageous to buy and hodl, according to analysts.
ApeCoin
Another altcoin project for its radar in 2022: ApeCoin. APE, a metaverse coin, was launched in 2022 by the team behind the Bored Ape Yacht Club. In short, it offers an NFT platform consisting of 10,000 NFTs.
ApeCoin is an ERC-20 token with management and utility features. The APE price was around $6.40 when it was first released in early 2022. Thanks to its successful launch, it reached $42 for the watches. At the time of writing, it is trading around 55% below this peak.
Binance Coin (BNB)
BNB is another one to consider in 2022, according to the analyst. altcoin. In terms of trading volume and number of users, Binance is the world’s largest cryptocurrency exchange. The crypto exchange also has the native cryptocurrency BNB, which allows users to pay lower commissions on their transactions.
Binance is used for various purposes such as investment, payment processing and travel booking. You can also use it for transactions like Ethereum or Bitcoin. BNB is also the token that powers the Binance Smart Chain, which houses several low-value crypto tokens.
Uniswap
Uniswap is the next altcoin to consider. UNI is best known for its DEX platform, which allows users to buy and sell altcoins without the need for a third-party middleman. As a result of its popularity, Uniswap now has a market cap of $5.70 billion in early 2022.
Uniswap has since expanded its business model by launching a platform that integrates NFTs with the metaverse. This not only draws you into the crypto trading experience. It also allows buyers and sellers to transact over the UNI network.
Solana (SOL)
Solana uses the permissionless nature of Blockchain technology to create DeFi solutions. It is also an open source project. Although the Solana project was conceived five years ago, we did not see it officially on the market until March 2020. SOL is the network’s native cryptocurrency that oversees all transactions.
Solana is one of the most popular altcoins, whose price has increased significantly compared to the previous year. However, SOL price has steadily risen to ATH levels. As we have mentioned in the news of Kriptokoin.com, it attracts the attention of global investors.
Dogecoin
Dogecoin tops analysts’ list for upside potential in 2022. Last year, it was one of the most popular cryptocurrencies to buy. After all, Elon Musk helped Dogecoin with his tweets. The meme coin was worth just $0.002 before the 2021 bull.
In May of the following year, Dogecoin peaked at $0.76, gaining more than 19,000 percent in just five months. However, Dogecoin’s price has been in a downtrend ever since. It reached the lowest level in the last 52 weeks at $0.13.
Cardano (ADA)
Cardano is one of the popular altcoin projects that you can see in every listing. ADA is a long-lasting, environmentally friendly and rapidly growing Blockchain technology. In addition, Cardano can be transferred to the environment from systems whose power cannot be calculated.
The network’s native cryptocurrency ADA is one of the few PoS Blockchans in the market. Therefore, it has received a lot of attention lately. The Cardano project describes its system as a third-generation Blockchain scheme to facilitate smart contracts with future applications in quality control and supply chain management.
Avalanche
AVAX is the last altcoin project on the list. Avalanche is a decentralized application platform with an open, programmable smart contracts framework.
Decentralized applications (DApps) and private Blockchain networks can use the platform as a first-layer Blcockhain. It performs similarly to Ethereum in terms of functionality. However, it also has different features and capabilities that are already implemented.
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