The crypto market is made up of thousands of altcoins which makes it quite difficult for investors to choose the one they will invest in.
Altcoins are simply alternative cryptocurrencies other than Bitcoin and there are about 18,000+ of them listed on CoinMarketCap. So it’s very impossible not to get confused about deciding on the altcoins to invest in.
On the other hand, having thousands of altcoins in the market suggests that investors have a bank of options available to them when it comes to choosing the best digital assets for their portfolio.
In this article, we will discuss the 10 best altcoins to invest in 2022 before it goes to the moon.
10 Best Altcoins To Invest in 2022 Before It Goes To The Moon
1. Cardano (ADA):
Cardano (ADA) is one of the best altcoins in the market that you can’t regret investing in. The cryptocurrency is popular for its reliable technologies in the crypto space which is comparable to the Ethereum and Solana platforms.
The Cardano platform is quite innovative, developing new technologies from its partnership with IOHK and also forming a strong alliance with big companies and countries, especially in Africa.
2. Decentraland (MANA):
Decentraland is a metaverse platform that deals in metaverse gaming and real estate. MANA is the native token of Decentraland and is currently the most famous metaverse cryptocurrency. The platform partners with other big projects regularly and gives consistent updates.
Recently, there was news about JP Morgan, a big American investment bank investing in the Decentraland platform. This is a good time to become part of the Decentraland story as big companies are doing the same.
3. Shiba Inu (SHIB):
The Shiba Inu coin(SHIB) is undoubtedly one of the altcoins with great potential on this list.
Even though many perceive Shiba Inu to be a shitcoin, it has continued to gather a wide range of social support with lots of developments.
Following the ongoing developments on the Shiba Inu project, the platform has announced the unveiling of the Shiba Inu metaverse where people can buy and auction lands in the Shiba Lands. Though the official name of this metaverse project is yet to be announced, these new developments and shifts to new technologies suggest the future growth of the project.
You may consider investing in Shiba Inu (SHIB) now to be part of the next big thing.
4. Crypto.com (CRO):
CRO is the native cryptocurrency used on the Crypto com platform. If you have been following the trends in the crypto space, you’d realise that crypto.com is one of the contending networks in terms of partnership with other networks. This stems from its objective of becoming the leading crypto exchange in the world.
Recently, it partnered with LeBron James to educate indigent children about crypto and blockchain technology. It also replaced the brand name for the Staples Centre with the Crypto.com Arena as part of a 20-year deal and partnered with UFC for endorsements.
This altcoin will likely shoot to the moon and it is a good one to invest in now
5. The Sandbox (SAND):
This is another popular metaverse cryptocurrency with great potential, like Decentraland, that one can invest in 2022. The Sandbox platform is known for its continuous partnerships with other crypto companies such as Chain Games and SumoTex.
At first, Sandbox started with mobile and PC projects until it ventured fully into the metaverse.
Investing in SAND now will be a very great investment decision to make because the Sandbox metaverse projects are attracting huge investors and you won’t want to miss out.
6. Binance Coin (BNB):
Binance is the biggest crypto exchange in the world today. The crypto exchange has its native coin called the Binance Coin which keeps a hard limit on the number of tokens in circulation. This increased the token price in 2021 and by burning BNB tokens, the value of the remaining ones increased.
Recently, Binance launched a fiat-to-cryptocurrency payment platform, Bifinity which will allow merchants to accept payments in digital assets.
Binance is a very large platform with even extra potential to grow more. Binance coin is a good altcoin to invest in 2022 before it shoots to the moon.
There’s no way you won’t recognise DOGE as one of the top cryptocurrencies in existence, especially with the incessant acknowledgement and references it gains from Elon Musk on Twitter.
One of the interesting things about DOGE is that it has very low transaction fees when compared to other big cryptocurrencies like Bitcoin and Ethereum. Dogecoin has a strong community backup and is backed with one of the most influential futures in crypto.
Being the largest memecoin in the market currently, investing in Dogecoin now is a great idea.
Tether is one of the major cryptocurrencies in the market, although it is a stablecoin designed that the price is pegged to the US dollar. This was to provide a less volatile alternative cryptocoin to Bitcoin, meaning that it is less volatile than other cryptos, especially Bitcoin.
Tether is considerably the most traded stablecoin because crypto investors use it to hedge against the price volatility of cryptocurrencies which Bitcoin and Ethereum are likely exposed to. According to its over $66.32 billion market cap, Tether is the largest stablecoin.
If you’ve been looking for a good altcoin to invest in, Tether is one of the best in the market.
9. Algorand (ALGO):
Algorand network is an open-source, decentralised blockchain network used by hundreds of companies, according to Securities.io. In addition to that, El Salvador promised it would establish its blockchain infrastructure using Algorand.
However, Algorand considers itself a competitor to the Ethereum blockchain.
It uses a “proof-of-stake” algorithm which offers a high degree of security, and scalability and consumes less electricity than Bitcoin and other platforms. This is one of Algorand’s biggest advantages over other networks and this feature will become more important when cryptocurrencies become massively regulated due to high energy consumption.
10. Ripple (XRP):
XRP is the name of the cryptocurrency issued by Ripple, a cryptocurrency platform that has partnered with many companies from many countries in creating their cryptocurrency. XRP is a very valuable token that provides low transaction fees and fast transactions.
Banks all over the globe make use of Ripple’s technology to facilitate transactions.
XRP is a very good altcoin with big potential which you can take advantage of in 2022.
There are still thousands of good altcoins in the cryptocurrency market that have good potential to shoot to the moon before the end of 2022. However, the ten altcoins mentioned above are more likely to achieve this feat, from our understanding.
Disclaimer: All information in this article is all the opinion of the author and should never be considered investment advice.
It is advised that you make your research before taking any decision.