The cryptocurrency frenzy frequently prompts us to invest in Bitcoin, the most popular and oldest digital currency.
Apart from Bitcoin, though, there are many more options. In 2021, many altcoins became increasingly popular, and several have outperformed the market.
Altcoins are all cryptocurrencies other than Bitcoin. These altcoins have risen to prominence and have become major players in the digital currency market.
Investing in these altcoins is a good choice to make a portfolio not dependent on any single cryptocurrency. For 2022, we have some of the biggest altcoin players worthy of your attention and investment.
Take a look at the list of altcoins for 2022:
Ethereum: Ethereum is, to date, the most successful and popular altcoin in the cryptocurrency market. Its native token, Ether (ETH), has seen a steady and rapid rise in its valuation ever since its creation. According to experts, Ethereum may grow in value by 400 per cent this year.
Binance Coin: The Binance Exchange platform’s performance is directly linked to the performance of Binance Coin (BNB). According to Analytics Insight, the BNB value might cross US$610 by the end of 2023. This is a good choice if you want to invest and gain through cryptocurrency in 2022.
XRP: Ripple XRP is popular as it can process transactions in only a few seconds. This, too, requires a low cost and minimal energy. Due to its consensus protocol, XRP has become one of the most environmentally friendly cryptocurrencies, making it a better option than Bitcoin.
Cardano: Cardano uses Proof of Stake (PoS) instead of Proof of Work (PoW), which improves its sustainability. Being a third-generation cryptocurrency, it combines the best features of first and second-generation crypto coins like Bitcoin and Ethereum.
Avalanche: Avalanche gives you the option of limitless interoperability with many blockchains. Its operations and scaling procedures don’t sacrifice decentralisation.
Shiba Inu: This coin did not start on a serious note but soon gained much attention and investors. Its ever-growing and faithful community is its USP. The community has also created an NFT project to gain more investors.
Decentraland: Decentraland works on Ethereum’s blockchain-based virtual game. It uses a 3D virtual world for crypto transactions.
Dogecoin: Elon Musk has turned this meme coin into a serious investment option for many people. Though it is prone to abrupt fluctuations, its huge community of investors is a plus point.
Solana: Solana matches up to the speed and low transaction costs of Ethereum while coping with a bottleneck limit on the number of transactions that can be carried out every second.
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