TOP 10 TRENDING ALTCOINS TO BUY NOW 2022
Obviously, bitcoin is the most traded cryptocurrency investment asset worldwide because it’s very lucrative and returns are high. Altcoin [short form: alternative coin] they are similar to Bitcoin but are usually characterized by a different consensus mechanism including smart contracts and its exposure to decentralized finance gives it worth.,
In this guide; we will dive into some of the prospects of these altcoins and help you better analyze an altcoin before investing in it
Cardano
Cardano is designed to “provide a more balanced and sustainable ecosystem” for cryptocurrencies. to ensure that owners can participate in the network operations with smart contract usability to the blockchain. It is expected that this cryptocurrency will reach US$3 by the end of 2022 as well as US$5 in 2024. Thus, investors can expect to purchase this asset before it rises spontaneously in price Cardano is known for having one of the most reliable technologies in the space similar to Ethereum and Solana.
Dogecoin
Dogecoin (DOGE) is based on the popular “Doge” Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013.
Dogecoin price today is $0.138887 USD with a 24-hour trading volume of $1,897,899,135 USD. Dogecoin is one of the most interesting coins, especially with Elon Musk leading the conversation on Twitter every time. the Tesla boss finally purchased twitter and is now under his control.
ApeCoin (APE)
ApeCoin was created in 2022. It is indeed a new cryptocurrency that is issued by the Bored Ape Yacht Club (BAYC), has a lot of celebrity influence, a product structure similar to Tesla, and an ecosystem that will unlock even more utility for ApeCoin, which has a current valuation of about $15 billion. APE is already listed and trading on major exchanges such as Coinbase Global Inc. (NASDAQ: COIN), Gemini, Crypto.com, and Webull. Overall, given that ApeCoin airdropped on March 17, 2022, a price prediction in the short term will be very difficult because of clarity in the market structure and huge volatility in the crypto market
Monero
Being one of the earliest coins to deal with the lack of privacy in public blockchains, Monero has made the most of its power space in the privacy niche and achieved a wide network effect, and has made peer-to-peer transactions fast, secure, and untraceable. Crypto investors are expecting a sharp increase in the price despite having a low market capitalization.
Monero can significantly increase the cryptocurrency price and can increase in value drastically in the future; this is because of the mass adoption within the crypto investor community.
Terra [Luna]
Terra network is a cryptocurrency that is different from Bitcoin but is similar in functionality to Ethereum, Cardano, and Solana, And also uses a smart contract
It might be surprising to some that the Terra networks’ LUNA cryptocurrency was the best performing investment over the last year, At the beginning of March, LUNA was trading under US$90 but broke out to a new all-time high of US$106.14. The experts predict that the price of Terra (LUNA) will continue to grow with profitable rewards.
Shibu Inu
This is more of a community altcoin that enjoys the advanced features of the Ethereum ecosystem. Shiba is the most promising cryptocurrency and one of the well-known assets on this list. Shiba Inu is a coin that has been having lots of developments with numerous social support. Recently, Shiba Inu has posted significant growth. This itself is an indication of how good an investment it is. Thus, crypto investors can purchase this cryptocurrency before it gets to the moon and earn profit in digital wallets.
Solana
Solana is a third-generation permissionless, decentralized, and programmable blockchain-based platform. Solana verifies the time interval between two transactions using a cryptographically secure function, meaning it stays secure while processing transactions without awaiting a global consensus.
This altcoin works with a blend of proof-of-stake and proof-of-history mechanisms. By virtue of this, it has managed to fetch huge returns for the investors. Solana has outshined other altcoins in various areas — decentralized finance (DeFi), decentralized apps (DApps), and smart contracts, to name a few.
Polkadot
Polkadot is one cryptocurrency that has seen impressive growth in its value over a period of time, with an impressive position in the cryptocurrency market today. Polkadot is the twelfth-largest cryptocurrency by market cap and number 13 measured by daily trading volume. With its ability to seamlessly connect all heterogeneous blockchain networks, Polkadot has surely grabbed eyeballs.
As there are numerous projects being built on the Polkadot ecosystem which are Acala, Moonbeam, Edgeware, and Centrifuge.
Ethereum
Ethereum is the second-largest cryptocurrency behind Bitcoin (BTC), and it has been steadily gaining momentum over the last couple of years. At its core, Ethereum is a smart-contract platform that allows developers to build everything from decentralized finance (DeFi) applications to non-fungible token (NFT) marketplaces. Metaverse relies heavily on these types of decentralized applications, and because the Ethereum protocol is one of the biggest players in this space, it could potentially become the backbone of the metaverse as a whole.
Sandbox (SAND)
The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences in the Ethereum blockchain using SAND, the platform’s utility token. Sand is the coin of blockchain-based plat-to-earn metaverse Sandbox and is an ERC-20 token. The main goal is to connect the real world to the virtual world, the gaming world to be more exact
March 2021 showed SAND was still growing. The coin reached a monthly high of $0.9327 on 28 March and its month-end figure of $0.8293 represented an almost fourfold monthly rise. To my knowledge, sand is the best investment because Players who use sand to build the games own 100% of their creation which make it a Decentralized autonomous organization [DAO’s]
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