One cannot deny the fact that altcoins have surpassed our expectations from the returns point of view. The cryptocurrency market has become an excellent platform for investors to diversify their investment portfolio, thus the exponential demand. However, identifying the best cryptocurrencies to invest in could be a tedious task for many. Well, not anymore! This article will help you pick the best from the lot. Keep reading to learn about what are the top 10 altcoins that are set to explode in 2022.
Bitcoin
No wonder the list has to start with Bitcoin. It is accepted by a majority of trading platforms as well as crypto exchanges across the globe. Bitcoin, the world’s most valuable cryptocurrency, is capable enough of meeting everyone’s expectations which is why the hopes from these altcoins are always high.
Ethereum
This second-largest cryptocurrency by market capitalisation is definitely one of the favourites. It has gained popularity as a smart contract platform for creating decentralized apps. It powers this network. The phenomenal increase in its value over the years is a strong reason why one should consider investing in it in 2022.
Uniswap
Those who are active investors in the crypto market know the kind of returns Uniswap has brought in. Two major reasons as to why these altcoins could be one of those to explode in 2022 are – delivering and utilizing liquidity.
Solana
There are numerous reasons why investing in this cryptocurrency is worth it all. Firstly, it enables participants to use decentralized apps (DApps) and deploy smart contracts. Next, it stands the potential to power decentralized finance has made it to the headlines. In 2021, Solana touched its all time high value. This talks volume about why investing in it would be beneficial.
Binance coin
Just like Bitcoin and Ethereum, Binance coin has garnered attention in a short span. It keeps a hard limit on the number of tokens in circulation. This has turned out to be the reason why its price increased exponentially in the year 2021. Well, we can definitely expect this cryptocurrency to reach a height in the coming year as well.
Cardano
Reduced energy levels, flexible network and fast transactions are a few of the many reasons why Cardano has managed to grab eyeballs from everywhere across. Additionally, what cannot go unnoticed is that its historical price action also favours Cardano as it has enjoyed a relatively modest growth compared to other major coins.
Stellar
Stellar’s objective to connect financial institutions and deliver low-cost transactions in emerging regions using the blockchain technology is definitely worth a mention. Its lack of legal issues and unique network setup are a few reasons why its value soared in 2021. Well, the trend is likely to continue in the coming years too!
Chainlink
Chainlink is that one cryptocurrency that people have been eyeing at for quite a long time. Its utility outside the cryptosphere along with its widespread adoption in DeFi has paved the way for an excellent investment opportunity.
Tether
The world’s largest stable cryptocurrency stands every reason to make it to the list of top 10 altcoins that are set to explode in 2022. This cryptocurrency is an ideal investment option for those who aren’t willing to take many risks in the volatile cryptocurrency market.
Polkadot
With its ability to integrate the different blockchains by creating a cryptocurrency network that connects them to work together, Polkadot has done a fairly good job in 2021. Industry experts believe that the same trend is likely to continue for the years ahead, thus making it an ideal cryptocurrency investment.
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