No one could have predicted what the crypto markets had in store for traders this year, and of course the same rings true for the upcoming year ahead. Despite this, we’re exploring the best altcoins 2022 predictions based on an internal review of their underlying technology, use case potential, and previous trading patterns.
Altcoins are any cryptocurrency other than Bitcoin. The term was coined when new cryptocurrencies started entering the market as “alternative coins”. These top 6 predictions are paired with a brief introduction and insight into the coins.
Altcoin Market Late 2021
Taking a snapshot of the current market share as of early December 2021, Bitcoin holds 40.99% of the market’s value while Ethereum makes up 20.65%. Binance Coin holds just under 4%, while Tether and Solana each have a little over 2.5%.
The Best Altcoins 2022 Predictions
As we explore the top altcoins that industry insiders are putting their fingers on, please note that this is not financial advice.
After impressive gains over the 2020/2021 period, the same is predicted for Ethereum in 2022 as the cryptocurrency moves to a more sustainable and energy-efficient Proof-of-Stake consensus. The upgrade was first announced in 2018 and has been implemented in various stages since then. The official launch is currently predicted to take effect in the first half of 2022.
Ethereum provided the first blockchain platform on which developers could create decentralized applications (dapps) and smart contracts. Since launching in 2015 the project has seen enormous growth, with several all-time highs achieved this year alone.
After a great year of development and trading, Decentraland is positioned to be the leader in the VR (virtual reality) wave expected next year. Since Facebook’s rebranding to Meta, the company has taken an all-in approach to the VR landscape leading investors to follow suit. However, many are looking for a more privacy-focused, decentralized alternative.
Decentraland provides a virtual reality platform where users can create and participate in 3D scenes, interactive games and experiences, and artworks. The platform was officially launched in 2020 following a successful ICO three years prior. Sitting within the top 25 biggest cryptocurrencies, many industry insiders are keeping their eye on this coin in the coming year.
Created by an Ethereum co-founder, Cardano was designed to improve on Ethereum’s downfalls when it comes to network efficiency and dapp creation. The platform aims to solve the blockchain “trilemma” of scalability, decentralization and security.
To date, Cardano is the biggest and most successful blockchain platform to operate off of a Proof-of-Stake (PoS) consensus. The altcoin has come a long way since 2017 when it started trading at $0.02. In just 4 years the cryptocurrency has experienced gains of almost 10,000%. Many industry insiders are expecting this run to continue.
Launched in 2017, Chainlink provides an impressive next-generation solution to the blockchain industry. Through an intricate oracle network, the platform allows blockchain smart contracts to source and integrate real-world data. As it bridges the gap between the blockchain and the outside worlds, the network has a strong following and has seen wide growth both in terms of price and usability.
Industry insiders are expecting the LINK growth to continue based on its impressive DeFi integration and use case potential in the outside world (most notably its integration into Google’s BigQuery data analytics platform).
Since launching in late 2020, Uniswap has experienced both wide user growth as well as increase in value. For a long time, the platform was the most widely used platform in the DeFi space and continues to dominate as a wildly popular decentralized trading protocol platform.
The automated market maker allows users to trade cryptocurrencies in an entirely decentralized manner while also exposing them to earning returns through delivering and utilizing liquidity. Whether you use UNI to trade on Uniswap, hold for long term price increases or opt to stake it in a liquidity pool for returns, this coin is likely to be one of the best altcoins in 2022.
Last but not least, Solana not only gets a mention for its high potential in 2022, but the cryptocurrency also receives a mention for being one of the top-performing digital assets in 2021. Over just August to September, SOL saw price gains of over 500%.
Designed to provide a more accessible solution to DeFi apps, Solana allows developers to create their own dapps and smart contracts. Through the use of a unique hybrid consensus model (combining the likes of a PoS and Proof-of-History (PoH) mechanism) the platform is able to provide impressive scalability and functionality.
Building A Healthy Crypto Portfolio
As the "don't put all your eggs in one basket" saying implies, a diversified portfolio is often the most risk-averse one. While these are the current market predictions for the next year, it’s always best to build a sustainable crypto portfolio that holds value across several sectors.
While altcoins can provide impressive returns, we’ll always be in support of the first and biggest cryptocurrency, Bitcoin. Tap into any of the crypto markets mentioned above through your Oobit account. Not only can you buy, sell and swap them, you can also store them in a highly secure, military-grade crypto wallet.
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