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Altcoins are the best alternative to the most popular cryptocurrency, Bitcoin, in the highly volatile crypto market. There are multiple altcoins present and are getting introduced that hold the potential to drive profit in crypto wallets for millions of crypto investors. After the hard crypto crash of Bitcoin cryptocurrency, crypto investors have started preferring altcoins to save their crypto wallets from incurring huge losses in the nearby future. Altcoins are acting as a savior to many with their unique features and characteristics. Let's explore some of the top ten altcoins to invest in August 2022 that have the best growth potential for crypto wallets.
Polygon is one of the top altcoins in the crypto market as the first well-structured and easy-to-use platform for Ethereum scaling and infrastructure development. It can create optimistic rollup chains, ZK rollup chains, and any other chain that can transform Ethereum into a full-fledged multi-chain system. At the time of writing, the current altcoin price is US$0.989 with a market cap of US$7,853,061,737.24, a volume of US$1,831,758,889, and a market rank is 12. The cryptocurrency is the combination of the Plasma Framework and the Proof-of-Stake blockchain architecture to drive profit in crypto wallets for crypto investors.
Avalanche is one of the popular altcoins for crypto investors that functions as a platform for decentralized applications and custom blockchain networks in the crypto market. it can drive profit to crypto wallets through a higher transaction output of up to 6,500 transactions per second. The cryptocurrency network consists of the x-chain, c-chain, as well as p-chain. At the time of writing, the current altcoin price is US$24.90 with a market cap of US$7,097,590,189, a volume of US$1,021,613,336, and a rank is 14.
SKALE is a well-known cryptocurrency as an elastic network to bring scalability to Ethereum. The altcoin needs to boost transaction capacity and it aims to reduce latency and ensures to run of decentralized applications. Crypto investors can drive profit in crypto wallets because this altcoin can help to run solid smart contracts. At the time of writing, the current altcoin price is US$0.0559 with a market cap of US$205,739,774, a volume of US$14,556,551, and a rank is 137.
Concordium is one of the top altcoins to drive profit in crypto wallets as a public-permissionless layer one blockchain with leadership. It embeds encrypted ID into every on-chain transaction for making part of ID credentials to smart contracts. This cryptocurrency leverages zero-knowledge proofs and offers complete privacy with blockchain technology. At the time of writing, the current altcoin price is US$0.01639 with a market cap of US$28,425,912.11, a volume of US$1,042,755, and a rank is 3013.
Monero is one of the top altcoins for crypto investors to allow transactions to take place privately and with anonymity in the highly volatile crypto market. This cryptocurrency is designed to obscure senders and recipients through the use of advanced cryptography. It allows crypto investors to make payments efficiently without any fear of censorship. At the time of writing, the current altcoin price is US$164.00 with a market cap of US$2,977,149,989, a volume of US$223,609,682, and a rank is 28.
Filecoin is one of the well-known altcoins as a decentralized storage system to store humanity's most important information. It is an open protocol and backed with blockchain for crypto investors to efficiently and effectively drive profit in crypto wallets. At the time of writing, the current altcoin price is US$6.12 with a market cap of US$1,501,338,911, a volume of US$331,097,383, and a rank is 40.
Celo is a popular cryptocurrency offering a blockchain ecosystem focused on increasing cryptocurrency adoption. The aim is to introduce all smartphone users to transact in cryptocurrency by allowing the creation of smart contracts and decentralized applications. At the time of writing, the current altcoin price is US$1.02 with a market cap of US$458,048,027, a volume of US$35,584,632, and a rank is 86.
FTX Token is one of the top altcoins to drive profit in crypto wallets with lucrative features such as clawback prevention, a centralized collateral pool, as well as universal stablecoin settlement. It uses a three-tiered liquidation model across separate token wallets. At the time of writing, the current altcoin price is US$30.88 with a market cap of US$4,147,822,940, a volume of US$104,784,768, and a rank is 22.
Algorand is a well-known cryptocurrency in the highly volatile crypto market as a self-sustaining and decentralized blockchain-based network supporting a wide range of applications. The system is secure, scalable, as well as efficient for effective applications in the real world. At the time of writing, the current altcoin price is US$0.3431 with a market cap of US$2,386,558,421, a volume of US$150,648,168, and a rank is 30.
Cosmos is one of the well-known altcoins offering an antidote to slow and expensive Proof-of-Work protocols. It also provides an ecosystem of connected blockchains. It leverages an inter-blockchain communication protocol that makes it easier for the blockchain network to communicate with each crypto investor. At the time of writing, the current altcoin price is US$10.89 with a market cap of US$3,138,641,821, a volume of US$538,205,901, and a rank is 26.
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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.
