Altcoins

Top 10 Altcoins To Buy In 2022

Bitcoin is still the leading cryptocurrency in the world but its alternatives which are called ‘Altcoins’ have been a success.

The height reached by these crypto-assets has made investors remain committed to long-term prospects of investing in cryptocurrency. Altcoins, which are crypto-assets created after Bitcoin have provided traders and investors with several options.

If you’re looking to diversify your portfolio in 2022, the crypto assets listed in this post are to be considered.

What are Altcoins?

Altcoins are cryptocurrencies other than the most popular  Bitcoin. They are derived from Bitcoin, so they have things in common even though they have their differences.

The word ”Altcoin ” is formed by combining two words i.e.  ”alternative” and ”coin” which, therefore, includes all alternatives to Bitcoin. Today, there are over 16,000 cryptocurrencies other than Bitcoin which are all referred to as Altcoin.

Top altcoins to buy in 2022
Top altcoins to buy in 2022

Top 10 Altcoins To Buy In 2022

1. Ethereum (ETH)

This is the largest crypto asset after the father of all, Bitcoin. ETH is the ranked second by CoinMarketCap. The current price is $3,343.96. It has a market capitalization of $398.3 billion and trading volume of $16.62 billion. 119, 138, 078 ETH coins in circulating supply.

2. Binance Coin (BNB)

Binance coin is the token created by one of the world’s largest crypto exchange, Binance. BNB is currently ranked by 3rd by CoinMarketCap. Its current price is $484.45 with a market capitalization of $80.71 billion. The trading volume is $4.12 billion while the circulating supply is 166, 801, 148 BNB coins.

3. Tether (USDT)

USDT maintains its position as the number one stablecoin. As expected, the price of USDT is $1.00 with a market capitalization of $78.43 billion. The trading volume is $63.89 billion while the circulating supply is 78, 396, 366, 147 USDT.

4. Solana (SOL)

Solana was launched in March 2020 and has maintained top position in the crypto industry. SOL is currently ranked 5th in the crypto market. The price of Solana as at the time of this writeup is $151.40. The market capitalization of SOL is $47.35 billion with a trading volume of $2.2 billion. It has a circulating supply of 311, 778, 110 SOL coins.

5. USD Coin (USDC)

This is another stablecoin in the list of altcoins to buy in 2022. The live USD coin price today is $0.999407 with a 24-hour trading volume of $3.5 billion. The current market cap ranking is 6th with a live market cap of $44, 716, 518, 360. It has a circulating supply of 44, 473, 6, 443 USDC coins.

6. Cardano (ADA)

Cardano (ADA) has a very good 2021 and has continue to stay in the limelight in 2022. The current price of ADA is $1.30 with a trading volume of $2.09 billion. Ranked 7th by CoinMarketCap, ADA has a live market cap of $43. 52 billion. It has a circulating supply of 33, 513, 246, 968 ADA.

7. XRP

XRP is the currency that runs on a digital platform called RippleNet, which is on top of a distributed ledger database called XRP ledger. Its current price is $.794197 with a trading volume of $1.83 billion. It has market capitalization of $37.77 billion while its circulating supply of 47, 615, 126, 275 XRP.

8. Terra (LUNA)

Terra was designed to combine the price stability and wide adoption of fiat currencies with the censorship resistance of Bitcoin. Terra’s current price is $83.16 with a trading volume of $2, 667, 808, 357. It has a live market capitalization of $29.67 billion while its circulating supply is 356, 813, 428 LUNA coins.

9. Polkadot (DOT)

Polkadot is an open-source shaded multichain protocol that connects and secures a network of specialized blockchains. It is currently ranked 10th in the crypto market. DOT current price is $27.03 billion with a trading volume of $1.46 billion. The live market cap of DOT is $26.70 billion with a circulating supply of 987, 579, 315, DOT coins.

10. Avalanche (AVAX)

Avalanche is regarded as the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. AVAX price today is $95.03 with a 24-hour trading volume of $1.46 billion. The live market capitalization is $26.70 billion with a circulating supply of 244, 353, 849 AVAX coins.

Also Read: 5 Tips For Crypto Investors In 2022

Conclusion

Investment in cryptocurrency is no doubt with a very huge risk. The extreme volatility of these crypto assets price can make or mar your investment.

Bitcoin and Ethereum remains the leader in the crypto industry. Other altcoins provide the opportunity to earn profit but you’ve to understand the crypto industry before putting risking it.

Prestmit is one of the best peer-to-peer digital platforms to trade cryptocurrency. Bitcoin, Dogecoin, USDT, and Litecoin is available at good rates.