Everyone knows Bitcoin has long dominated the crypto space since 2009, but the scenario has started to change of late. With the introduction of several altcoins, investors now have more options than ever. They can now pick cryptocurrency that best suits their budget, risk appetite, and investment goal.
Since the market has thousands of cryptocurrencies, it can be challenging for many to pick the best tokens or coins for themselves. To help people like you, we’ve curated a list of some promising altcoins that you should not ignore in 2022. So let’s quickly check out the list shared below.
1. Tether
Tether is a cryptocurrency based on blockchain supported by the U.S. dollar. It means there are dollars sitting in the reserves of financial institutions that can be used as collateral. Stablecoins that are fully supported by the dollar are in a 1:1 relationship with USD.
It is possible for the prices of stablecoins to be steady, as their name implies, in contrast to other famous cryptocurrency counterparts like Bitcoin or Ethereum. Tether is available on the majority of trading platforms.
However, is it a good idea to consider investing in it, given its history and prospects? Although Tether has had its fair share of issues in the past, it remains a solid cryptocurrency that can easily stand the test of time due to having overcome its challenges mostly unscathed to date, at the very least. You can either convert LTC to INR by cashing out or hold it in anticipation of long-term gains.
2. Solana
Solana is a rapidly growing ecosystem that already offers good value. It’s the fastest blockchain currently available, and it can process up to 500,000 transactions per second (TPS), making it the most scalable and efficient decentralized system.
Solana is the basis for the development of the first stablecoin that is decentralized, UXD Protocol. The protocol is designed for creating a stablecoin that is capital efficient that sets a new standard for usability and trust within the Solana ecosystem.
3. Binance Coin
Binance Coin is the token used for utility for the Binance cryptocurrency exchange platform. It is among the most promising cryptocurrencies to purchase since it can increase in value due to the continual burning of tokens.
Binance Coin continues to integrate with various protocols that help to bring the BNB token to new audiences. Terra (LUNA) is successfully joined into Binance’s network. It is expected that the BNB token will see large volumes of exchange with its Terra ecosystem.
4. Polygon
Polygon is a layer-two scale technology for Ethereum. It highlights the most valuable elements that make up Ethereum’s blockchain and seeks to solve the associated issues with Ethereum compatible blockchains. Polygon is among the most desirable cryptocurrency to invest in due to its potential to increase in value because of its many uses.
Polygon Studios aims to bring the media and entertainment industry into the web3 world and NFTs in collaboration with the eDAO. eDAO is a fan-based community for people who love artists, sports stars, and other celebrities.
5. TRON
TRON is a popular blockchain-based, decentralized platform featuring its own currency, known as Tronix, aka TRX. It was founded in 2017 by a Singapore non-profit organization known as ‘The TRON Foundation.’
TRON aims to provide a global entertainment system that efficiently enables sharing of digital content worldwide. It can best be described as a digital platform, which primarily hosts entertainment apps.
As the demand for quality online content increases, the value and popularity of TRON is also expected to increase. Financial experts have a positive note on TRON’s future, so if you already own some TRX, you might want to hold it for the long term instead of converting it to TRON to INR at the present stage.
Get the Most profitable Altcoins
Investment in any cryptocurrency is risky. So before picking any crypto coin from the list above, don’t forget to do your own research for maximum gains.