The popularity of cryptocurrencies reached a monumental peak in 2021 with high institutional and national adoption rates. More and more investors are looking for affordable yet promising cryptocurrencies to start and keep investing with a profitable streak. In this article, we touched on 10 altcoin projects that can be bought in 2022 from the list of analyst Sayantani Sanyal.
Here are 10 promising altcoin projects
Despite its strange origin based on Dogecoin, the Shiba Inu (SHIB) has become one of the most popular cryptocurrencies on the market with significant selling features. In 2021, the community also launched an NFT project linked to SHIB, which helped attract additional investors.
Cardano is a research-based cryptocurrency created by engineers, mathematicians, and cryptography experts. The main purpose of ADA coin is to distribute financial resources to the vulnerable groups of society in a more secure, transparent and fair way.
XRP is the native cryptocurrency that Ripple Blockchain uses for its transactions. Ripple is a blockchain-based enterprise that enables transactions worldwide. According to its founders, XRP was created for payments and can process transactions faster and more securely than most other cryptocurrencies.
For some new traders looking for more durable options, Tether is one of the best options. USDT has a more stable price structure than all other cryptocurrencies as it is pegged to the dollar. When investors believe the market is particularly volatile, they may choose USDT as a hedge.
Polygon is a lucrative cryptocurrency created to transact on Ethereum using economic assets much faster. Not only does it improve the performance of Ethereum, it also has various applications, including collaborating with other Blockchain technologies through its products.
VeChain is the ideal cryptocurrency for investors looking for a high-potential yet low-cost altcoin. Used to move value across the network, VeChain is Thor Blockchain’s native cryptocurrency. The network makes it easy to manage supply chains and other corporate operations with the help of its technology.
EOS is a platform that allows developers to build decentralized applications. The aim of the project is to make working with Blockchain technology as simple as possible for programmers. EOS provides developers with tools and a variety of educational resources to help them build fast-paced applications.
Axie Infinity is a blockchain-based trading and war game partially owned and managed by players. Axies are token-based monsters that players can collect, breed, feed, and fight in AXS. The price of the Axie Infinity quickly skyrocketed in 2021 due to its uniqueness.
Decentraland is an Ethereum-based virtual reality platform that allows users to create, enjoy and monetize content and applications. Since the company’s inception, MANA developers have sought new artistic mediums, commercial prospects, and sources of entertainment for content creators, business leaders, and other users.