The cryptocurrency market has always enjoyed immense popularity ever since people become aware of it. Since then, there has been no looking back. Considering how volatile the cryptocurrency market is, a lot of investors are always keen on knowing which are the altcoins that trade extensively. No wonder, Bitcoin has a huge trading volume but there are a good number of altcoins that boast of a high trading volume. In this article, we will talk about the top 10 altcoins with the highest trading volume in 2022 so far.
As a matter of fact, Ethereum is the second-largest cryptocurrency by volume. This altcoin undoubtedly finds its place in the list of the top cryptocurrencies worth investing in – thanks to its potential applications. Out of these potential applications, smart contracts are an aspect where Ethereum stands apart from the rest.
Polkadot's ability to seamlessly connect all heterogeneous blockchain networks is something that has caught the attention of investors from everywhere across. These days, it is quite common to find hundreds of projects that are being built on the Polkadot ecosystem. All this has resulted in a high trading volume for Polkadot.
Cardano is one altcoin that has witnessed a massive growth in its value over a period of time. 2021 turned out to be an exceptional year for this cryptocurrency. The same trend is what we get to see this year. Also, the fact that this altcoin cuts down the transaction time and energy consumption have only surged its trading volume like never before.
Solana has been quite successful at fetching good returns for the investors. Some features of this altcoin that cannot go unnoticed are that of decentralized finance (DeFi), decentralized apps (DApps), and smart contracts – all of this throwing light on how good of an investment this is. No wonder why Solana makes it to the list of top 10 altcoins with the highest trading volume in 2022 so far.
Well, who doesn't know about Tether? Considered to be one of the most stable cryptocurrencies, Tether has made it a point to be a go-to altcoin for those investors who are risk-averse. As Tether's value is believed to be way more consistent than other cryptocurrencies, it is highly favoured by the investors and thus there is a high trading volume that follows.
As known to all, the Binance coin was launched by one of the largest crypto exchanges in the world – Binance. Over time, it has expanded from merely facilitating trades to a platform where one can proceed with trading, payment processing, or even booking travel arrangements. This altcoin, too, boasts of a high trading volume. Well, the trend is likely to continue in the years ahead.
This altcoin has grabbed eyeballs because of its ability to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies. Isn't this good enough validation to say that Ripple's XRP is totally worth investing in?
Dogecoin has evolved to become one of the leading cryptocurrencies in the entire cryptocurrency market in no time. With major companies like Dallas Mavericks, Kronos, and SpaceX relying on this altcoin, one can not deny that dogecoin is associated with high trading volume.
Shiba Inu is one of those altcoins that enjoys the security and advanced features of the Ethereum ecosystem. Off late, this cryptocurrency has shown massive growth in its value and also trading volume.
Terra is yet another attractive altcoin that has made it to the list of top 10 altcoins with the highest trading volume. This cryptocurrency is widely popular as a medium of exchange and payment.
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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.