update 29 October 2021

Top Altcoins with the Most Potential For 2022

In 2017, altcoins became a thing when thousands of Bitcoin competitors flooded the market. Today, many altcoins have evolved beyond expectations and are stand-alone products with unique real-world applications. Furthermore, they provide an opportunity for investors to diversify their portfolios.

Identifying the best cryptocurrencies to invest in can be overwhelming for most newbies, primarily since thousands of them exist. We bet you’re having difficulty finding the most promising altcoins in the crypto space. So, this article should help you get your bearings straight. Here are the top 10 altcoins with the potentials to invest in 2022!

1. Ethereum (ETH)

Ethereum has been making waves in the crypto world and is a favorite of developers. It is actually a smart contract platform for creating decentralized apps (DApps). Also, Ether is the cryptocurrency that powers the network.

The native crypto is the second-largest in terms of market capitalization. You could have invested just $5,000 in Ether at the beginning of 2021. Now, your investment would have been worth more than $25,000 as of October 17th.

At the time of writing, Ether may not be a cheap buy. However, it may be worth the investment as it is becoming more valuable by the day.

2. Chainlink (LINK)

Chainlink caught many people’s eyes in the crypto community when it hit $52 in May 2022. However, some investors already had their eyes on this token long before that. Had you invested just $1,000 in its ICO in September 2017, your ROI would be more than $178,000 now.

Furthermore, it would have been worth $473,545 in May before the significant crypto sell-off began. Depending on its utility outside the cryptosphere and widespread adoption in DeFi, Chainlink may present a great investment opportunity.

3. Uniswap (UNI)

If you’ve been watching the charts, you’ve probably noticed that this crypto has been steadily climbing. You can find several reasons why Uniswap is a token to count on. One of them is that it is the primary token for the Uniswap DEX.

Furthermore, it provides 2 core services: delivering and utilizing liquidity. If you believe that DeFi is the future, Uniswap may be a great addition to your portfolio. Also, when buying a new coin, remember that you can also lend it to a liquidity pool to earn rewards.

4. Stellar Lumens (XLM)

Stellar is a decentralized protocol for uniting the world’s different banking systems. It aims to use blockchain technology to connect financial institutions and deliver low-cost transactions in emerging regions.

Its cryptocurrency, Lumens, is one of the best performing altcoins 2021, with a market cap of over $8 billion. Furthermore, this is despite fierce completion from XRP and its developer, Ripple Labs.

Lastly, Stellar has a unique network setup and lack of legal issues (like XRP), among other things. Therefore, Stellar Lumens should be one of the top cryptocurrencies to consider.

5. Solana (SOL)

Solana launched in 2019 to power decentralized finance (DeFi). Also, it enables participants to use decentralized apps (DApps) and deploy smart contracts. Today, it is one of the projects many consider to be an “Ethereum killer.”

Solana is also the name of the native crypto participants use to pay for transactions on the blockchain. If you’re a crypto enthusiast, you probably saw its price increase by about 500% between August and early September.

Furthermore, it achieved an all-time high of $214.96, making it one of the best performing digital assets in 2021. So if you’re looking for a cryptocurrency to buy, Solana might just be able to improve your investment portfolio.

6. Cardano (ADA)

Although a little late to the party, Cardano is notable for its early embrace of proof-of-stake validation, decreasing energy usage.

As a result of its flexible network and fast transactions, cryptocurrency should remain one of the most popular digital assets. Plus, historical price action also favors Cardano as it has enjoyed a relatively modest growth compared to other major coins.

In 2017, ADA’s price was $0.02, but its price as of the time of writing is $2.20. That’s an increase of over 10,500%, which means it may be a promising cryptocurrency.

7. Aave (AAVE)

Aave is among the leading cryptocurrencies in decentralized finance (DeFi). Also, it is one of the rare coins that have yielded more than 600% profits to investors in 2021 alone.

It also averaged $200 million in the daily trading volume as one of the leading lending protocols in the sector. Many experts believe that the coin may still deliver a significant percentage of returns before the year wraps up. Depending on its peculiarities and use cases, Aave’s positive outlook may be an excellent investment.

8. Polkadot (DOT)

Polkadot is another notable altcoin that has put up a decent performance so far in 2021. It is the native crypto for the Polkadot blockchain. Its aim is to integrate the different blockchains by creating a cryptocurrency network that connects them to work together. The crypto boom in 2021 that saw many altcoins reach new heights didn’t leave Polkadot behind. Depending on the forecast of price analysts, Polkadot may be worth buying in 2022.

9. Tether (USDT)

Unlike some other altcoins, Tether is a stablecoin, which has the backing of fiat currencies like the U.S. dollar and the Euro. Therefore, its value hypothetically remains equal to one of these currencies.

Tether is also the world’s largest stablecoin, with a market cap of around $68 billion. Tether is particularly suitable for those who want to invest in crypto while looking to avoid market volatility.

10. Binance coin (BNB)

Binance coin is a valuable digital asset for trading and paying fees on Binance, one of the largest crypto exchanges. Since its launch in 2017, this altcoin has expanded to sell other currencies and even book reservations. At the time of its launch, it was worth just $0.10. However, at the time of writing, its price has risen to $467.67.

Bitcoin – Always a Reliable Alternative

Lastly, if you cannot deem a single altcoin worthy of your portfolio, you can always rely on Bitcoin. At the time of writing, the king coin is surging past $60,000. Also, some predict it to reach $100,000 soon with a Futures-Backed BTC ETF ready for approval in the U.S.

Btc
Bitcoin
$56.156
price
2.25351%
price change
BUY NOW

Through this article, we do not mean to provide expert financial or trade advice. However, we hope it can serve as a guide to help you identify crypto investments with potentially high ROI. So, check the charts and decide on which coin you want to buy next.

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