The primary goal of almost all altcoins is to end Bitcoin’s dominance in the crypto market. Over the years, the altcoin market has come to the fore significantly. There are several major players in the decentralized market now, including Ethereum, Binance Coin, and Cardano. When Bitcoin crashed, nearly all major, trusted altcoins fell. As such, the overwhelming correlation between Bitcoin and altcoins bothers most investors looking to diversify their portfolios. Currently, several altcoins outperform Bitcoin in terms of price performance.
These 10 altcoins could make big gains
Some of the top altcoins are currently on their recovery journey and are waiting for a big rally. But the recent spikes and dips in the prices of altcoins are sparking fears that cryptocurrencies are no longer safe investment assets. However, a crypto researcher shared 10 altcoins that he thinks will make a profit by the end of 2022. We, as Kriptokoin.com, have compiled the analyst’s list for you.
Ethereum (ETH)
Ethereum is by far the most successful altcoin in the cryptocurrency space. Its native token, ETH, has risen flawlessly since its inception. Currently, investors are waiting for the biggest updates in the history of the crypto market powered by Ethereum Merge. Tim Beiko’s announcement of the possible launch date of ETH 2.0 in September triggered a spike in market valuation. Thus, it gave new hope that the altcoin project could soon surpass Bitcoin to become the largest digital asset.
Cardano (ADA)
Cardano is one of the strongest altcoin projects on the market. Its valuation rose at a time when all other cryptocurrencies were falling. Development attempts seem to be coming in slower than we expected. Still, the ADA token combines some of the best features of first-generation and second-generation digital assets such as Bitcoin and Ethereum.
Binance Coin (BNB)
Binance, the world’s largest cryptocurrency platform, powers the performance of Binance Coin. The price of BNB, along with almost all other cryptocurrencies, has also dropped due to the decline in the number of crypto transactions. The expert thinks it is a good option for the altcoin project for investors to make profits by the end of 2022.
Uniswap (UNI)
Analysts and traders are very optimistic about Uniswap’s price performance in 2022. They believe that the token will soon regain its 200-day EMA, causing a rally in prices. The altcoin has solid technical indicators such as the EMA and RSI indicators that are pushing the token’s valuation upwards.
ApeCoin (APE)
ApeCoin was recently accepted by Gucci as a form of payment. This initiative was an extension of the company’s expansion towards Web 3.0. Accordingly, developments do not only make ApeCoin a lucrative investment asset. The fact that the project is an NFT crypto backed by the Bored Ape Yacht Club collection makes it a one-of-a-kind altcoin in the market.
Ripple (XRP)
Ripple’s native token, XRP, has failed to establish itself as a significant investment asset. But due to the SEC lawsuit, the token has a unique medium-term profit opportunity. Due to ongoing macroeconomic concerns and other altcoin disasters, the XRP price has dropped over 60%. However, XRP is in competition with advanced cryptocurrencies such as Polkadot and Solana. As such, it remains one of the best digital assets on the market.
Polygon (MATIC)
According to reports, Polygon rose over 85% while the value of the crypto market fell in July 2022. The expert says that the growth of MATIC is more notable than other cryptocurrencies such as ETH, BNB, Polkadot and Solana. Even under such adversities, the altcoin project is thriving. Therefore, it reveals the strength of bullish potential under adverse conditions.
AAVE (AAVE)
Recently, Aave has caught the attention of the best Ethereum whales in the market. The altcoin witnessed a surge of over 50% a few weeks ago. This was a highly commendable rise considering the current conditions of the market. Whale movements have kept Aave growing. However, the volatility of the token continues. Therefore, investors should be extremely careful before putting their money into it.
Chainlink (LINK)
Investors following the crypto market are aware that Chainlink is one of the best digital assets with real-world applications. Most altcoins are speculative. However, the LINK token gives investors the right prospects, making it a lucrative investment asset in the market.
Decentraland (MANA)
Decentraland is one of the largest and foremost Metaverse cryptocurrencies aiming to dominate the gaming industry. The price of the token seems to have been clogged recently. But the altcoin has high hopes as the Metaverse space has become one of the greatest tech inventions.
8728
