The interest in cryptocurrencies in the last few years has been quite high. With the increasing interest, new altcoin projects are launched every day, and many of them disappear in a short time. Especially new investors are confused about which cryptocurrency they should invest in. Considering that there are many new developments in the market, this confusion is quite understandable. Although the developments in the market and the increasing number of cryptocurrencies are confusing, having options can also be considered positive. However, one has to be careful when investing in cryptocurrencies, because although you have options, many cryptocurrencies may not add much value to your investment portfolio or lead to financial losses… 9 altcoins that have a strong community, are technically sound and can be widely invested in. We reviewed the project.
This altcoin has the power to dominate web 3.0: ApeCoin (APE)
ApeCoin ranks as one of the best altcoin projects to invest widely. When ApeCoin first hit the market, it rallied thousands of percent before hitting a correction. However, there is still much that makes APE one of the best altcoin projects to buy right now. One of the biggest developments regarding ApeCoin is the release of Other Side Metaverse. The most important thing about Otherside Metaverse is that the lands are sold with ApeCoin. This means that ApeCoin has intrinsic value and as Metaverse adoption increases so will ApeCoin’s value. Also, due to its association with Bored-Ape NFTs, ApeCoin has become the largest Metaverse cryptocurrency today. This means that ApeCoin has the power to dominate the rapidly growing Web 3.0, primarily NFT games. This makes it one of the best cryptocurrencies to buy.
The developers of these altcoins are trying to deal with the problem of scaling: Ethereum (ETH)
Another widely traded altcoin is Ethereum (ETH). One of the things that makes ETH, the second largest cryptocurrency by market capitalization, top among cryptocurrencies to buy is the robust Dapp ecosystem. It has dominated the market since its launch in 2015 as the first Dapp blockchain. Today, most Dapps, whether Defi, NFTs or otherwise, run on the Ethereum blockchain. As the number of these cryptocurrencies grows, so will the value of ETH, the token of the Ethereum ecosystem. Also, the Ethereum developer team is working hard to deal with the scalability issues that have plagued this blockchain for years. For the past two years, Ethereum has been in the process of transitioning to Proof-of-Stake. Analysts are expecting a rise in Ethereum price due to its dominance and improvement of fundamental metrics. According to many price predictions and analyst opinions, ETH could reach a value between $4500 and $5500 in 2022. Given that the popular cryptocurrency is currently trading below $3,500, this is a great option and could be a good time to invest.
The world’s largest crypto exchange encourages using this altcoin: Binance Coin (BNB)
Binance Coin (BNB) is also on our list of altcoin projects that can be invested widely. This is because it is the cryptocurrency used to pay fees on the world’s largest cryptocurrency exchange by volume. Binance users are encouraged to use BNB because Binance offers discounts to anyone who chooses to use BNB to pay fees. As Binance has a large ecosystem that includes the Binance Smart Chain, it turns out that Binance Coin is one of the highest utility cryptocurrencies on the market today. Besides its utility, BNB’s tokenomics also makes it one of the best cryptocurrencies to invest in. Binance is burning millions of BNB every quarter, and this is expected to continue for most of this decade. Due to the shortage of supply this token burn will cause, most BNB price predictions expect the altcoin project to trade above $1,000 this year. They also expect BNB to reach much higher prices in the coming years.
Stands out for its functionality and increased adoption: Solana (SOL)
Solana was the top cryptocurrency of 2021 with over 10,000 percent rally made. 2022 is in a downward trend for the Left. Solana is one of the best cryptocurrencies to invest widely due to its core functionality and increased adoption. To understand how big Solana is, one has to consider the fact that it is one of the most scalable platform blockchains on the market today. Solana can process 50,000 transactions per second at transaction costs under $0.01. These metrics drive adoption and today Solana has one of the fastest growing ecosystems of DeFi and NFT projects. As SOL is the native token of the Solana ecosystem, the true value of SOL will increase as the adoption of the Solana blockchain increases. Also, analysts are quite optimistic about Solana. Many Solana price forecasters expect SOL to rise over 450 percent this year.
Elon Musk’s take on Twitter has his investors excited: Dogecoin (DOGE)
Dogecoin easily stands out as one of the lowest value altcoin projects to invest in widely. This is because its community and adoption levels are increasing. However, there are some strong indications that Dogecoin could emerge as one of the best meme coins to invest in. To understand this, it will be enough to look back at why Dogecoin performed so well in 2020 and early 2021. From 2020 to mid-2021, Dogecoin increased by about 12,000 percent. This was followed by a series of tweets from Elon Musk aimed at supporting DOGE. This year Elon Musk bought Twitter and now runs it as a private company. This means that the altcoin price could rise massively. Even before the Twitter deal was finalized, there were already signals of such a possibility. At the time, Musk suggested that Twitter include DOGE as a payment. If Musk included Dogecoin as a payment method on Twitter, the hype it could generate could easily indicate that Dogecoin will emerge as one of the top-performing cryptocurrencies.
Metaverse move could blow this meme coin: Shiba Inu (SHIB)
Shiba Inu after rallying over 48,000,000 percent in 2021 then it was one of the best meme coins. While the altcoin price has plummeted since then, it still has a lot of potential to become a meme coin that can be widely invested in and explode even further. Over the past few years, the Shiba Inu has grown mainly on the hype around Dogecoin-triggered meme coins. However, it has since developed a distinctive character and its intrinsic value is growing. For example, last year the team introduced ShibaSwap, a DEX for trading Shiba Inu and other cryptocurrencies. However, the biggest move the Shiba Inu team has made this year has been to introduce the Shiba Inu Metaverse. Given how much hype there is in the Metaverse ecosystem, there’s no doubt that the Shiba Inu could be among the top cryptocurrencies to succeed this year. Analysts are also very optimistic about the Shiba Inu, with most Shiba Inu price predictions expecting the SHIB to double by the end of 2022.
As the adoption of stablecoins grows, so does the value of this altcoin project: Terra (LUNA)
Terra is among the cryptocurrencies with the highest potential to invest in, and with good reason. The Terra blockchain targets the digital fiat payments aspect of the crypto market, which is also one of the fastest growing. The way Terra is structured gives the LUNA token a high potential for future growth. Terra is used to launch algorithmic stablecoins that combine the advantages of fiat currencies like USD with the censorship resistant nature of cryptocurrencies like Bitcoin. As a result, as the adoption of Terra-based stablecoins increases, so does the value of LUNA. Given the rise in adoption of algorithmic stablecoins, most LUNA price predictions expect LUNA to emerge as one of the best performing cryptocurrencies for many years to come.
One of the biggest Ethereum competitors in the market: Cardano (ADA)
Cardano is a major cryptocurrency that makes it to the list of the best cryptocurrencies to invest in. Cardano is a platform blockchain. Solana is one of the biggest Ethereum competitors in the market today, like Avalanche and others. Cardano stands out from the competition with its security features. All thanks to the Ouroboros Proof-of-Stake algorithm, which has proven to be secure, scalable and decentralized. While Cardano is still a work in progress, one of the factors that makes ADA a top cryptocurrency to invest in is the recent launch of smart contracts. Cardano smart contracts were introduced in October 2021 and since then there has been a healthy growth of Dapps in the Cardano ecosystem. Thanks to its scalability and low costs relative to Ethereum, many analysts expect Cardano to grow in adoption in 2022. Cardano’s token ADA is also expected to grow as it acts as a utility token in the Cardano ecosystem.
Scalability and low costs make it popular: Avalanche (AVAX)
Another altcoin on our list, Avalanche (AVAX) is a smart contracts platform ranging from Dapps to NFTs. Avalanche gained popularity as the top Ethereum competitor in 2020 and gained significant momentum in the market. This has to do with Avalanche’s core metrics like scalability and low costs. Avalanche is known for processing up to 4500 transactions per second and for extremely low costs. Also, unlike some of its competitors that suffer from network latency, Avalanche is known for its network stability. These strengths make Avalanche a high potential to grow in adoption and value in the future. So far, Avalanche has reacted positively to price as adoption has increased. Most Avalanche price predictions indicate that AVAX will be one of the best performing altcoin projects in the coming years.
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