12 altcoins to watch in 2022

12 altcoins to watch in 2022

The previous year was an extraordinary year for cryptocurrencies and altcoins.

The year was not only successful for hundreds (if not thousands) of altcoins, but also succeeded in attracting millions of new investors (and capital) to cryptocurrencies.

With the tens of thousands of cryptocurrencies, it is increasingly difficult to find “good” altcoins.

Therefore, in this article, we have selected 12 altcoins that we are personally monitoring in this new year.

Attention: This article does not contain financial advice. Do your own research before investing.

But above all:

What is an “altcoin”?

Altcoins are any cryptocurrencies that are not bitcoin. Since Bitcoin is the only first-generation cryptocurrency, altcoins tend to be found in second- and third-generation cryptocurrencies.

Altcoins are becoming more and more popular given their usefulness and the improvements they bring to the world of cryptocurrencies among others thanks to smart contract systems.

To read: What is a DAO?

12 altcoins to watch in 2022

Here is our selection of 12 altcoins that we strongly advise you to monitor in your cryptocurrency portfolio.

If you do not yet have a cryptocurrency wallet or simply do not know how to buy the altcoins in this list, we strongly advise you to open a Binance account (It is easy and free!).

1. Elrond (EGLD)

Elrond is an interesting cryptocurrency that allows creating smart contracts on its network that has seen impressive growth since its founding. However, its growth has still not reached that of its competition, of which the giant Solana is a part. Notably, we are also adding Elrond to our list because of the exponential growth of the decentralized exchange Maiar which is on the Elrond blockchain and which aims to develop and launch a ton of new innovative projects in its ecosystem.

To read: What is yield farming?

2. Polkadot (DOT)

2021 was a fantastic year for Ethereum alternative Polkadot, which is not only cheaper for its users, but is also a much faster network than its competitor.

However, although the performance of the cryptocurrency has created a lot of wealthy investors, Polkadot has still failed to address the main problem that the platform was created to address: interoperability.

Indeed, there are still several popular blockchains that are still not able to communicate with each other. The future growth of Polkadot is entirely dependent on blockchain interoperability.

3. Aave (AAVE)

Aave is considered by several cryptoanalysts to be one of the best prospects in the DeFi world. This protocol allows its users to borrow and lend cryptocurrency in just a few clicks thanks to liquidity “pools” that operate on the basis of smart contracts.

The Aave protocol automatically determines interest rates and collateral rates, as well as distributes interest rates to lenders automatically.

To read: What is PancakeSwap?

4. Cardano (ADA)

Although Cardano had a rough few months before, investors in this open-source blockchain still have very high hopes for the cryptocurrency.

Much like Ethereum, Cardano is a platform that allows developers to create decentralized applications (dApps) and launch smart contracts.

The main difference between Cardano and Ethereum (as well as these other competitors) is that the Cardano ecosystem is created by experts and scientists who rely on the scientific method to develop the project. This reason will most likely push governments and companies to develop the dApps and smart contracts of the future on Cardano as it will be a more “secure” option.

5. Avalanche (AVAX)

Avalanche is on this list because of its ultra-competitive lightning speed. Indeed, as you already know, one of the biggest problems in the world of cryptocurrencies is the speed of transaction processing. For example, Bitcoin processes around 7 transactions per second. On the other hand, the Avalanche decentralized network can process up to 4,500 transactions per second.

Avalanche also supports Ethereum’s virtual machine on its blockchain, which makes it much easier for developers to develop dApps on the platform than on other competitors.

To read: 10 DeFi projects to watch

6.Chiliz (CHZ)

Chiliz is a cryptocurrency created and made for sports fanatics! And yes! This cryptocurrency allows its users to buy “fan” tokens of their favorite sports teams. The “fans” receive, along with the token, special voting rights to make decisions about the future of the token.

The popularity of sports in the digital world, as well as the popularity of crypto/sports sponsorships lead us to say that Chiliz definitely has a place in the future of cryptocurrencies.

7.Chainlink (LINK)

Chainlink is a network on the blockchain that aims to bridge real-world data with smart contracts on the Ethereum blockchain (as well as other blockchains).

In the near future, if everything goes according to plan, millions and millions of new possibilities will be opened up on the blockchain thanks to this technology. Just imagine all the decentralized applications developers will be able to create to cement the relationship between real-world data and the blockchain.

To read: How to buy real estate in the metaverse?

8. Stellar Lumens (XLM)

Stellar is a decentralized platform that is used to unify all international banking systems and bridges different types of payments that were previously disconnected.

Here are a few:

To prevent too many transactions from a single user and spam, the Stellar network has applied a feature to its blockchain that forces the user to pay transaction fees and have a minimum of Lumens (the native token from Stellar) in their account.

One of Stellar’s biggest competitors, Ripple, is currently investigated by the SEC in the United States, which opens a very interesting door of opportunity for Stellar: to become the global payment system par excellence.

9. Solana (SOL)

Solana is another blockchain that provides the ability for its users to create smart contracts. The active network ecosystem in the DeFi world is currently over $10 billion in total value locked in different protocols.

Many investors and crypto analysts see Solana as Ethereum’s #1 competition and, also, as the only cryptocurrency that can defeat the first blockchain to launch smart contracts.

But whether Solana becomes the new Ethereum or not, it’s still impossible to ignore the amount of innovation that the Solana blockchain brings to the decentralized community (among other things thanks to the billions of dollars of investment in the ecosystem by private investment firms).

Sam Bankman Fried, billionaire, philanthropist and creator of the cryptocurrency exchange FTX personally believe that Solana is the future of cryptocurrencies and that it will be the most active blockchain in the years to come.

Earlier in this article, we mentioned that Bitcoin processes 7 transactions per second and Avalanche processes 4,500 per second. Solana is capable of processing up to 65,000 transactions per second thanks to the proof-of-history system.

To read: How to stake on Binance?

10. Decentraland (MANA)

Decentraland is another crypto project that has skyrocketed in its valuation in the past few years (especially thanks to the metaverse’s skyrocketing popularity in recent months).

Basically, Decentraland is a blockchain on which a virtual world is created in which users can create their own characters, communicate, buy land, buy houses and more.

All items in the virtual world of Decentralans (including characters) are NFTs (non-fungible tokens), so all in-game assets can be monetized. This play-to-earn concept has been gaining a ton of popularity since 2021 and even several celebrities have already purchased land in the world of Decentraland.

11. Hedera (HBAR)

Hedera is a unique blockchain that refused to use the very popular proof-of-work (like Bitcoin) and proof-of-stake (like Avalanche) transaction verification systems to develop its own system: Hashgraph.

Hedera developers consider other systems that power blockchains to be obsolete. Hedera’s consensus algorithm uses a “gossip” protocol for creating non-linear chains.

In order to verify the transactions, the nodes (nodes) pass transaction information from one to another without stopping.

The native token of the Hedera HBAR ecosystem, is not only used by users to pay transaction fees, but also to conclude “in-app” transactions.

The liquidity of the native HBAR token is limited to a maximum of 50 billion HBAR.

To read: How to make money with Decentraland?

12. Enjin (ENJ)

Enjin is an extremely popular cryptocurrency in the world of decentralized video games, metaverse and NFTs.

Enjin is a blockchain that facilitates the creation and distribution of NFTs.

Conclusion

As many analysts have predicted in 2021, the cryptocurrency market has undergone (and most likely will continue to undergo) some correction given the astronomical gains that the majority of crypto investors have seen in 2021.

However, many investors believe that this is still not the end of the cryptocurrency bullrun and that 2022 will be just as profitable (if not more) than 2021.

Whether it does or not, one thing is clear, volatility will remain huge for years to come.

This is why we strongly advise you to do your own research before investing anything in cryptocurrencies. Also, never invest amounts that you are not prepared to lose. Indeed, if cryptocurrencies are only a small percentage of your portfolio, you can always compensate for losses with other less risky assets.

To read: How to make money with Axie Infinity?


If you learned something new from this article, do not hesitate to share it on social networks to introduce our list of altcoins to your network!

Also, if you have an opinion or an opinion on the altcoins in our list, do not hesitate to share it in the comments below.

We wish to give thanks to the author of this short article for this outstanding content

12 altcoins to watch in 2022


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