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The crypto market is rising, and everyone’s looking for the best altcoins to buy in 2022. However, cryptocurrencies have an unpredictable nature, which exposes them to intense volatility. As a result, most of them have gone through highs and lows in the past decade. Subsequently, investors have gone from rags to riches and back again in a vicious cycle.
Fortunately, as the market is stabilizing, massive price oscillations become rarer. So, investing in a new altcoin may be a successful venture. But which altcoin should you invest in? Let’s find out!
Top 5 Altcoins To Buy in 2022
1. Ethereum (ETH)
Ethereum is the second most popular digital currency after Bitcoin. Its goal is to provide a safe environment for developers to create and run decentralized applications and smart contracts. Since its release in 2015, it has impacted the crypto industry and beyond.
As the blockchain prepares to upgrade to Ethereum 2.0, many believe the altcoin to be a reliable investment opportunity. The new version should swap the network’s consensus algorithms from Proof-of-Work to Proof-of-Stake, which should increase its reliability and speed. As a result, it should attract even more developers and, subsequently, investors.
If Ethereum lives up to its expectations, it could increase in price substantially. Therefore, it could be a good idea to get in on it while still trading below $5,000.
2. Litecoin (LTC)
Many refer to it as the silver to Bitcoin’s gold. However, Litecoin is much more than that and a potentially significant investment venture. With a market cap exceeding $17 billion, this coin is among the world’s top 20 most influential digital forms of money.
Litecoin made its first debut in 2014 and has a maximum coin supply of 84 million coins. That is four times more than Bitcoin’s total supply. The blockchain uses a proof-of-work model and enables quicker and less expensive transactions than bitcoin. Traders can finish a Litecoin transaction in 2.5 minutes. On the other hand, a Bitcoin transfer requires around 10 minutes to finalize.
You may know it as the Chinese Ethereum, but NEO has much more to offer than that. Da Hongfei launched it in China in 2014, and it has grown considerably ever since. Similar to Ethereum, this coin backs the utilization of ICOs, smart contracts, and decentralized applications.
However, NEO accommodates multiple programming languages and more transactions than Ethereum. It is also more effective to understand than Ethereum since you do not need to be a proficient programmer.
In recent years, NEO has been one of the most sought-after virtual currencies in the world. Its cost has encountered vacillations somewhere in the range of $25.86 -$ 49.33 over the previous year. With a $3.27 billion market cap, NEO is undoubtedly one of the developers’ most famous digital currencies.
4. Bitcoin Cash (BCH)
Another entry in our list of altcoins to buy is Bitcoin Cash (BCH), which derives from a 2017 hard fork in the Bitcoin blockchain. However, the coin has gone on its separate road and, today, it is a stand-alone digital asset. Furthermore, its partnership with PayPal guarantees that it has the industry’s approval. Above all, it may soon become part of daily purchases on various platforms thanks to the payment processor app.
Bitcoin Cash operates on a blockchain with larger block sizes of 8MB. On the other hand, the Bitcoin blockchain has a block size of 1MB. Furthermore, BCH facilitates quicker, less expensive, and more flexible transactions.
Even though it is less popular than the initial Bitcoin, it offers greater adaptability, providing significant space for development. Currently, BCH has a market cap of over $12 billion and a $665 price per token.
5. Ripple (XRP)
Ripple’s XRP aims to change the current monetary and financial framework. Also, it strives to create a bridge between the current economic standards, crypto, and fiat. Furthermore, it seeks to allow for more powerful cross-border transactions. Lastly, it enables clients to make global exchanges in a few seconds.
Due to its extraordinary capacity, many major financial companies and institutions have partnered with Ripple. With a market capitalization of $56.286 billion and $1.19 per token, Ripple represents a potentially successful long-term investment.
Conclusion – Altcoins to Buy in 2022
Bitcoin is still an industry favorite for crypto investments. However, that doesn’t mean that the rest of the market doesn’t have other juicy opportunities to offer. These are just a few of the altcoins worth buying in 2022. Regardless of your choice, you should always do your due diligence before investing in cryptocurrencies.
Crypto Adventure does not provide financial advice in any way. We do not recommend you invest money in any cryptocurrency without extensive research and understanding of the crypto market. Therefore, we are not responsible for your financial decisions in any manner.