London, UK, Binary News Network, ‘The best altcoins to buy in 2022’ is a hot topic that often gives rise to heated debate, and with good reason. After all, how do we know which coins will emerge as market leaders over the coming years? With so much speculation surrounding cryptocurrencies, making relatively conservative predictions can be tough. FinancialCentre broker, Phillip Ross says , by applying some financial metrics and considering factors such as real-world value, project growth potential, and scalability prospects, we have come up with the following list of the best altcoins to buy in 2022.
The 10 Best Altcoins to Buy in 2022:
#10 – Ripple (XRP)
Ripple is not just a cryptocurrency; it’s also a payment protocol that boasts instantaneous, secure, and almost free transactions. Many expect XRP to overtake bitcoin in terms of market capitalization soon, but ultimately, its adoption levels in mainstream finance will determine the value of this altcoin.
#9 – TRON (TRX)
TRON is an ambitious project that aims to decentralize content sharing online using blockchain technology. Investors are backing TRON because it presents a worthy alternative to sites like Google Play and Apple’s App Store.
#8 – IOTA (MIOTA)
The ambitious IOTA project aspires to establish a standard protocol for Internet-of-Thing’s micropayments and compete with other IoT protocols such as Ethereum and NEO. The next five years should see serious progress towards the project’s original goal; to become an immutable alternative for commercial transactions between IoT devices.
#7 – Monero (XMR)
Monero is a decentralized cryptocurrency that focuses on privacy and scalability, making it ideal for retail and institutional investors alike. Strictly speaking, Monero isn’t an altcoin; rather, it’s considered part of the same family as Bitcoin. But its recent growth trajectory has catapulted the coin into the spotlight, and increased demand for this cryptocurrency is expected to continue going forward.
#6 – Bitcoin Gold (BTG)
Bitcoin Gold was created as a fork of Bitcoin’s blockchain in October 2017. Its goal was to create a truly decentralized version of bitcoin that would allow all users to mine the coin with their graphics cards.
#5 – NEO (NEO)
NEO is often referred to as the Ethereum of China and is sometimes dubbed ‘China’s Ethereum.’ The project allows developers to build decentralized applications on its blockchain. Success for this altcoin will hinge on whether it can appeal to developers over the coming years.
NEO was founded in 2014 by two programmers, Da Hongfei and Erik Zhang. NEO is often referred to as the Ethereum of China because it allows developers to create decentralized applications on its blockchain. One of the most exciting aspects of NEO is that it’s not mined using Bitcoin’s algorithm, but rather a new one called Delegated Byzantine Fault Tolerance (dBFT) which provides for faster transactions with a lower probability to occur.
#4 – EOS (EOS)
EOS wants to compete with Ethereum as a platform for decentralized applications. Still, its developers have laid out plans to allow blockchain protocol updates to be made without hard forks, like NEO’s model. Expectations are high for this altcoin, and many believe it could overtake Ethereum as the leading smart contracts platform shortly.
EOS is a blockchain protocol that allows developers to build decentralized applications on its blockchain. Success for this altcoin will hinge on whether it can appeal to developers over the coming years.
EOS is an interesting project that aims to create a decentralized operating system for commercial smart contracts, and it’s already been predicted to be worth $20 by 2022.
#3 – Cardano (ADA)
Cardano is a relatively new altcoin (first introduced to the market in September 2021) but is already headed for a market capitalization of over $49,795,765,353. Cardano’s developers have been working on this project since 2015, and it’s seen as a worthwhile competitor to Ethereum and NEO because it includes better cross-chain communication and more advanced features than its main rivals.
#2 – Litecoin (LTC)
Litecoin is an open source, decentralized P2P cryptocurrency that Bitcoin inspires. But unlike its more famous parent coin, Litecoin has much faster transaction times and lower fees. It’s expected to be worth $200 by 2022, making this one of the best altcoins to buy in 2022.
Litecoin was created on 7 October 2011 by former Google employee and Engineering Director: Charles Lee. Litecoin is a coin that is known as a peer-to-peer online currency. It was the first to offer faster transaction confirmation times and cheaper fees than bitcoin.
#1 – Ethereum (ETH)
Ethereum is the second-most valuable cryptocurrency on the market, with over $463.617B total capitalizations. The platform allows individuals to build decentralized applications using smart contracts, and it’s seen rapid growth since 2017. But whether this altcoin can remain competitive with more recent arrivals such as EOS and Cardano remain to be seen.
Ethereum was created in 2015 by Vitalik Buterin, a Russian-Canadian programmer. Buterin had been interested in Bitcoin since 2011, and he decided to create Ethereum because he believed that Bitcoin lacked the features necessary to support decentralized applications. Ethereum’s blockchain is based on blockchain technology, but it includes smart contracts that aren’t found in Bitcoin.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.