Cryptocurrencies have proven to be great investments over the years, despite the many ups and downs in the market. A few weeks in the recent past have not worked in favor of the crypto market. What serves as a beacon of hope is the return of cryptocurrencies, albeit slow but steady. Currently, choosing the best cryptocurrencies for your portfolio is not an easy task. Crypto expert Aratrika Dutta selected the top 10 altcoin projects to buy in 2022 for good returns in 2023 and explained the reasons.
Investment altcoin projects chosen by the expert
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Solana aligns well with Ethereum in two critical areas for development, speed, and low transaction costs. The nature of Ethereum limits transactions on the network to 15-30 per second, creating the bottleneck that results in high gas fees. It has attracted many crypto investors due to its revolutionary qualities.
Cardano (ADA)
Cardano is a third generation crypto. Its features offer the best combinations of first and second generation cryptos like Bitcoin and Ethereum. It uses Proof of Stake (PoS) instead of Proof of Work (PoW). It also improves its maintainability compared to other encryption systems.
Avalanche (AVAX)
Avalanche is one of the few blockchains that can scale without sacrificing decentralization. There is potential for interoperability with many Blockchains. Avalanche Blockchain changes consensus algorithms based on use case. Also, the network has more validators than any other network.
Polygon (MATIC)
Polygon introduced the Ethereum hard-fork version, which makes its pricing more predictable. He eventually burned the tokens, making MATIC deflationary. Its purpose is to avoid overloading the market with token circulation. In this way, the altcoin aims to improve the overall value of the token.
Ripple (XRP)
Ripple is part of the rapidly growing cryptocurrency universe, which has seen remarkable growth in wealth over the past year. Meanwhile, altcoin continues to make headlines. Thanks to the consensus protocol, it is possible for XRP to process transactions in seconds at low cost and with minimum energy. This makes it one of the more environmentally friendly cryptocurrencies. Bitcoin transactions, on the other hand, are not efficient. One of the top 10 cryptocurrencies to explode in 2023.
Ethereum (ETH)
Leading altcoin Ethereum finds its place in the list of the best cryptocurrencies worth investing in. There are many reasons why this altcoin is attracting attention. One of the most important reasons for this is smart contracts, whose potential applications are automatically executed when conditions are met. Of course, as you follow on Kriptokoin.com, we should not forget the Merge that will take place in September.
Shiba Inu (SHIB)
Shiba Inu, one of the biggest meme coins, has made huge gains since its launch in 2020. SHIB has performed so well that it has become one of the most popular cryptocurrencies. It is currently among the top 20 cryptos by market cap. Anyone who bought just $2 worth of SHIB in January 2021 became a millionaire by November as SHIB posted an increase of over 48,000,000%. All these factors make SHIB the altcoin to invest in in 2022. Because it’s still 65% below its latest peak.
Cosmos (ATOM)
Cosmos focuses on the implementation and growth of Blockchains to connect and communicate with each other. ATOM is required for Cosmos to compete with Blockchains to use its innovative technology. Therefore, Cosmos is currently one of the cryptocurrencies to consider.
The Sandbox (SAND)
The Sandbox (SAND) is a leading metaverse token that aims to connect the virtual and real worlds through NFTs. It is possible for players from all over the world to explore the Sandbox ecosystem online.
Decentraland (MANA)
If you are interested in the metaverse industry, Decentraland is one of the best to buy in this area. Decentraland is similar to The Sandbox in terms of the virtual world. It’s also another solid cryptocurrency to consider.
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