A spectacular increase in the demand for altcoins in the year 2021 and in the present comes as no big a surprise. As more people are inclined towards alternate sources of income, the cryptocurrency market has seen demand like never before. Though Bitcoin has always managed to draw eyeballs from everywhere around, there are other cryptocurrencies as well, that stand the potential to make it into your investment portfolio. All other cryptocurrencies , apart from Bitcoin are referred to as altcoins. Now that a good number of big players in the market are showing keen interest in altcoins, it makes every possible sense to have a look at the top 10 Altcoins that will disappear if Bitcoin makes a comeback in 2022.
Solana is known as a highly functional open-source project that depends on blockchain technology to offer decentralized finance solutions. It is designed to facilitate DApps for enhancing the scalability with the introduction of Proof-of-History (PoH) consensus with the combination of Proof-of-Stake (PoS).
Cosmos is one of the top altcoins that will fall if Bitcoin falls in the highly volatile cryptocurrency market. The Cosmos project is known for solving the hardest problems of the blockchain industry with an antidote to slow, expensive, unscalable, and environmentally harmful Proof-of-Work protocols. It leverages a modular framework that can demystify decentralized apps for blockchain networks to communicate with each other seamlessly.
Near Protocol is a well-known altcoin following BTC as a layer-one blockchain designed as a community-run cloud computing platform. It also helps to eliminate limitations that create low transaction speeds, low throughput, as well as poor interoperability. This altcoin is known for offering an ideal environment for decentralized applications and creating a user-friendly platform for crypto investors.
Chainlink is one of the top altcoins that acts as a blockchain abstraction layer to allow universally-connected smart contracts. It allows blockchains to securely interact with different external data feeds, events, as well as payment methods to become the dominant form of digital agreement. The main aim is to ensure the guarantee of decentralized participation for all node operators and crypto investors looking out for contributions to the network.
Uniswap is a leading altcoin following Bitcoin for crypto investors to swap, earn, and build on the leading decentralized cryptocurrency trading protocol. It is known for offering TrustWallet as the most trusted and secure crypto wallet, Rotki as the open-source portfolio tracker and analytics tool, Universe Finance as the smart vault provider, Gelato as the automated smart contract execution on Ethereum, and many more for crypto investors to follow with BTC.
Polkadot is one of the top altcoins with an open-source sharded multichain protocol connecting and securing a network of specialized blockchains and facilitating the cross-chain transfer of any data. It was designed to offer a foundation for a decentralized internet of blockchains for crypto investors. It helps to connect public and private chains with permissionless networks.
Polygon is known as the well-structured and easy-to-platform for Ethereum scaling as well as infrastructure development. The core element is a modular and flexible framework, as well as supports different types of applications. It can help to create optimistic rollup chains, ZK rollup chains, and many other stand-alone chains that are needed by the community of developers. The altcoin is a combination of the Plasma framework and the Proof-of-Stake blockchain architecture for a seamless experience for crypto investors.
Theta is one of the popular altcoins as well as a blockchain-based network purpose-built for video streaming. It operates as a decentralized network where crypto investors can share bandwidth and computing resources on a peer-to-peer basis. This altcoin can perform multiple governance duties within the network efficiently and effectively. It offers two native tokens such as Theta (THETA) as well as Theta Fuel (TFUEL).
Avalanche is one of the top altcoins directly related to Bitcoin for being the fastest smart contracts platform in the blockchain industry. It offers a fast, low-cost, as well as eco-friendly platform that enables any smart contract-based application to outperform its competition with this altcoin. Crypto investors can use this platform to pay fees and secure the platform with staking.
Lucky Block is a popular altcoin providing an open platform for crypto games and competitions with play-to-earn rewards with blockchain protocols. It operates on the Binance Smart Chain for developing further transparency and fairness in cryptocurrency games. This altcoin offers a solid rewards strategy for crypto investors while contributing to the community.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.