Market conditions are quite volatile, but there are still many great opportunities in the altcoin market to potentially find, earn or accumulate some long-term positions. To get your thoughts on this, we’ve compiled the current analysis of popular crypto analyst Lark Davis. As Kriptokoin.com, we are transferring the details.
5 altcoins to watch in 2022
The first altcoin project on the list, Moonbeam (GLMR), is an Ethereum compatible smart contract parachain on Polkadot. Moonbeam makes it easy to use popular Ethereum developer tools to build or redistribute Solidity projects in a Substrate-based environment. Moonbeam is an upcoming token and it has dropped like 40% or 50% in a very short time. Therefore, it presents an important buying opportunity, according to the analyst.
The second altcoin in the list, TraderJoe (JOE) is the one-stop decentralized trading platform on the Avalanche network. It combines DEX services with DeFi lending to offer leveraged trading. Their products are community driven which allows us to give back to users the fees collected from liquidations and swaps through the JOE/xJOE staking mechanism. The JOE token also has staking opportunities. So you can buy directly or supply liquidity to buy JOE.
The next altcoin Holoride (RIDE) takes daily trips and turns them into hyper-immersive experiences by combining car data, augmented reality and Blockchain technology in the smartest way. The RIDE token will strengthen holoride’s partner network and enable its participants to capture the value created. This project is on the Elrond network. Investors can stake holoride directly to get more RIDEs.
The next altcoin on the list, IndiGG (INDI) is the India Sub DAO of YGG (Yield Guild Games), co-built with Polygon Studios – Polygon’s gaming arm. IndiGG is India’s gaming guild that empowers players using innovative Web3 mechanics like play-to-win. More than 30 million people are registered and trading on the cryptocurrency exchange, 30 million of the $1.6 billion in India. So, according to the analyst, it is worth getting it on the 2022 list.
Last altcoin on the list Axelar (AXL), the hub of all Blockchains A universal interoperability platform that connects a non-existent network and an SDK of protocols and APIs. They want to be the interoperability network for the blockchain world. This feature allows you to put your dApp on the most suitable Blockchains for your use case through a single integration with Axelar. In recent months, AXL has been trading in the $0.0002 region on the verge of current bearish pressure.
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