Dogecoin (DOGE) managed to maintain its position in terms of market capitalization despite the recent sales. The massive individual investor base continues to believe in the meme coin. However, the meme coin has been far from ATH levels for a long time. In this article, let’s list 10 alternatives for investors who do not want to wait for Dogecoin’s rally from the list of analyst Satavisa Pati.
Check out these 10 cryptocurrencies while you wait for the DOGE rally
ApeCoin (APE)
Apecoin has gained a lot of hype this year. The Metaverse project is linked to the world famous Bored Ape Yacht Club NFTs. When ApeCoin first hit the market, it rallied thousands of percent before hitting a correction. On the other hand, it is currently preparing for new news that it will continue to do so. The great thing about Otherside Metaverse is that the plots are sold with APE. This means that ApeCoin has intrinsic value and as Metaverse adoption increases so will ApeCoin’s value.
Ethereum (ETH)
Ethereum is another altcoin that shows it is ready to rally. One of the reasons for this is Ethereum’s powerful Dapps ecosystem. It has dominated the market since its launch as the first Dapps Blockchain in 2015. Today, most Dapps, DeFi, NFTs or whatever else runs on Ethereum. As the number of these cryptocurrencies increases, so does the value of ETH. Also, the Ethereum developer team is making all the preparations for the merge. For the past two years, Ethereum has been in the process of transitioning to PoS. ETH deflationary will still come thanks to this major update. It will also now be known as a PoS Blockchain.
Binance Coin (BNB)
Binance Coin is another cryptocurrency to be bought in July and held for the long term. This is because it is the cryptocurrency used to pay fees on the leading cryptocurrency exchange Binance. Binance encourages users to use BNB. It provides its users with discounted transactions with BNB. Binance has a large ecosystem that includes Binance Smart Chain. Therefore, BNB is emerging as one of the highest utility cryptocurrencies on the market today.
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Solana was the top cryptocurrency player of 2021, rallying over 10,000%. While 2022 is bearish, SOL is one of the top altcoins that can perform well this year and beyond. Solana is a cryptocurrency known for its core functionality and increased adoption. To understand how big of a deal Solana is, just look at its market cap. Solana can process 50,000 transactions per second at transaction costs of less than $0.01.
Dogecoin (DOGE)
DOGE stands out as another cryptocurrency for July. This is because its community and adoption levels are increasing. But all this has little effect on its price. When the market peaked in November 2021, Dogecoin was one of the top altcoin projects. However, there are some strong indications that Dogecoin could emerge as one of the hottest meme coins to buy in 2022. The analyst thinks Dogecoin can still repeat its 2021 performance.
Tether (USDT)
Unlike some other types of cryptocurrencies, Tether (USDT) is a stablecoin. That is, it is backed by fiat currencies such as the US dollar and the euro. It hypothetically holds a value equal to one of these values. In theory, this means that Tether’s value should be more consistent than other cryptocurrencies. As other cryptocurrencies are highly volatile, USDT acts as a stopover for crypto traders.
XRP
Created by some of the same founders as Ripple, a digital technology and payment processing company, XRP is used on this network to facilitate the exchange of different types of currencies, including fiat currencies and other major cryptocurrencies. At the beginning of 2017, the price of XRP was $0.006. As of July 1, 2022, the price is $0.31. Thus, it recorded an increase of more than 5,066%.
Shiba Inu (SHIB)
Shiba Inu was one of the hottest meme coins after rallying over 48,000,000% in 2021. While it has cooled since then, it has high potentials for 2022, according to analysts. Over the past few years, the Shiba Inu has grown on the hype around the meme coin, mainly triggered by Dogecoin. However, it has since developed a distinctive character and its intrinsic value is growing. As you follow on Kriptokoin.com, last year the team introduced ShibaSwap, a DEX for trading Shiba Inu and other cryptocurrencies.
Cardano (ADA)
Cardano is the next altcoin project on the list. ADA is one of the biggest Ethereum competitors in the market today, as are Solana and Avalanche. Cardano stands out from the competition with its security features. All thanks to the Ouroboros PoS algorithm, which has been peer-reviewed and proven to be secure, scalable, and decentralized.
Avalanche (AVAX)
Avalanche is a smart contracts platform that has gained traction as a launchpad for a variety of Dapps, from Dapps to NFTs. AVAX gained popularity as the top Ethereum competitor in 2020. At the same time, it has become an important player in the market. This has to do with Avalanche’s core metrics like scalability and low costs. Avalanche can process 4500 transactions per second.
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