The cryptocurrency frenzy frequently pushes us to invest in Bitcoin, the most popular and oldest digital currency.
Apart from Bitcoin, however, there are many other options. In 2021, many altcoins have become increasingly popular, and several have outperformed the market.
Altcoins are all cryptocurrencies other than Bitcoin. These altcoins have risen to prominence and become major players in the digital currency market.
Investing in these altcoins is a good choice to create a portfolio that is not dependent on a 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 increase in valuation since its inception. According to experts, Ethereum could grow in value by 400% this year.
Binance Coin: The performance of the Binance Exchange platform is directly linked to the performance of Binance Coin (BNB). According to Analytics Insight, the value of BNB could exceed USD 610 by the end of 2023. It is a good choice if you want to invest and earn from cryptocurrency in 2022.
XRP: Ripple XRP is popular because it can process transactions in just seconds. This too requires low cost and minimum energy. Due to its consensus protocol, XRP has become one of the most environmentally friendly cryptocurrencies, making it a better option than Bitcoin.
Gimbal: 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 offers you the possibility of unlimited interoperability with many blockchains. Its operations and scaling procedures do not sacrifice decentralization.
Shiba Inus: This coin didn’t start off on a serious note but quickly gained a lot of attention and investors. Its ever-growing and loyal community is its USP. The community has also created an NFT project to gain more investors.
Decentralized: Decentraland is working on the virtual game based on the Ethereum blockchain. 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. Although it is subject to sudden fluctuations, its huge community of investors is an asset.
Solana: Solana matches the speed and low transaction costs of Ethereum while facing a bottleneck limit on the number of transactions that can be performed each second.
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