What Altcoins Will Boom in 2022?
What Altcoins Will Boom
Cryptocurrency is an extremely volatile market. Its prices can drop by double-digit percentages in a single day. Therefore, you should only invest in cryptocurrencies if you can stomach that volatility. This is especially true for altcoins. The market is flooded with thousands of crypto assets, but which ones are worth investing in?
Among the best altcoins to buy in 2022 are those that focus on specific crypto niches. This way, you can find coins that are more likely to grow rapidly in the future.
Solana (SOL): This fast-growing smart contract platform has recently hit new highs that exceed the first bull run of 2021. Its blockchain features a hybrid protocol that can significantly reduce the verification time for transactions and smart contracts execution.
What Altcoins Will Boom in 2022?
Cardano (ADA): Despite its lack of integration with emerging technologies such as DeFi, NFTs, and Metaverse, ADA continues to maintain an uptrend that has seen it rise over 130000% above its ICO price. This is a promising development for this token, which has already become one of the top smart contract platforms by market cap.
BNB: The Binance Coin is a decentralized exchange platform that has grown to be a major player in the cryptocurrency space. It has a robust network and the potential to be an important asset for the future of the market. It has a positive market cap and has been showing signs of recovery after the crash in June 2022.
MANA: Decentraland is a virtual reality game that uses the MANA token as an in-game currency and has been growing its user base and community of supporters. MANA tokens can be used to purchase goods and services, buy land, and visit other players in the game. The MANA token is currently trading for $0.7062 as of Oct. 6 and is expected to see further growth in the coming months.
Stellar (XLM): This is a decentralized payment platform that allows users to transfer money across different payment methods. The platform is based on a blockchain that connects these systems using a set of decentralized on-off ramps. It is the fastest growing cryptocurrency in terms of market cap and has a strong reputation among investors.
Sushi: The original creator of this project left without a trace, but the community has banded together to turn it into a top 10 DeFi protocol that has over $2 billion locked in its smart contracts. While there are some issues with this project, its decentralized nature means that there are no regulatory bodies to block the protocols or halt the XLM tokens.
Polygon: This is a decentralized content platform that allows anyone to create and publish content on the network. It has a large user base and a robust development team. It also features a secure and private infrastructure that will protect your personal information from hackers.
ETH: The Ethereum token has been on a steady rise and is now the second-largest crypto by market cap. It is a powerful programmable blockchain that can host smart contracts and dApps. ETH has a strong ecosystem and the potential to overtake Bitcoin as the largest crypto by market cap in 2022.