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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 to buy.
Ethereum is the most well-known altcoin, and it's much more than just another cryptocurrency for many investors and enthusiasts alike. And experts say it could grow in value by as much as 400% in 2022. Ethereum's native token, Ether (ETH), has grown immensely in value since its creation.
The future of BNB is dependent on the growth of the Binance Exchange platform. And as per the current scenario, Binance Coin's future looks bright which could pump prices to new highs. And hence as per the BNB price prediction, the BNB price might cross US$610 by the end of 2023. Hence, it is one of the best non-Bitcoin cryptocurrencies to buy before 2022 to get rich.
Ripple XRP is part of the rapidly-growing cryptocurrencies universe that has enjoyed remarkable growth in fortunes over the past year – and continues to make headlines. Because of its consensus protocol, XRP can process transactions in seconds at a low cost and with minimal energy. This makes it one of the more environmentally friendly cryptocurrencies. Bitcoin transactions, on the other hand, aren't efficient. It is one of the best cryptocurrencies to buy in 2022 to get rich.
Cardano is a third-generation crypto. Its characteristics offer the best combinations of the first and second-generation cryptos, such as Bitcoin and Ethereum. It uses Proof of Stake (PoS) instead of Proof of Work (PoW), improving its sustainability compared to other cryptosystems. Experts recommend investing in Cardano.
Avalanche is one of the few blockchains that can scale without sacrificing decentralization. Its potential for interoperability with many blockchains is limitless. Avalanche blockchains alter consensus algorithms based on the use case, and the network has more validators than other networks. It is one of the best non-Bitcoin cryptocurrencies to buy in 2022 for good returns.
Shiba Inu is another meme cryptocurrency that is also one of the biggest rivals of Dogecoin. Despite its whimsical beginnings, SHIB has managed to gather a growing and faithful community, which is also one of its biggest selling points. The community has also created an NFT project around SHIB that has enabled it to gain more attraction from investors.
Decentraland is the token behind an Ethereum blockchain-based virtual reality game by the same name. Crypto has been described as a 3D virtual world where users buy land to develop and monetize content, buy goods and services and visit other properties.
The famous entrepreneur, Elon Musk, has popularized this cryptocurrency known as Dogecoin since its emergence in the cryptocurrency market. But Elon Musk is the Dogecoin influencer— his cryptic tweets control the sudden rise and drop of this cryptocurrency price. It was unexpected for investors to consider Dogecoin as a serious cryptocurrency while being a meme coin.
Solana matches up well with Ethereum in two critical areas for development, speed, and low transaction costs. Ethereum's structure limits transactions per second to 15-30 on its network, creating the bottleneck that results in these high gas fees. It has attracted many crypto investors due to its revolutionary qualities.
Terra (LUNA) brings a lot of benefits to the market. Its decentralized and permissionless nature makes it ideal for the digital economy. The network offers competitive programmable payments, logistics, and an infrastructure designed to simplify Dapp and stablecoin development.
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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.
