Optimists predict that by 2030, this cryptocurrency sector would be valued over $250 trillion. However Bitcoin will utilize only a small portion of all this. Altcoins like Ethereum or Solana may control the greater portion of this enormous market. However, right now is the perfect time to think about buying since the majority of new cryptocurrencies are only selling for cents.
Finding the best altcoins to purchase now might be difficult given that there exist as many as 22000 altcoins presently available.
By examining the best ten altcoins to purchase right now, we dispel this misunderstanding and assist you in beginning your altcoin investment.
Best Altcoins For 2023
We’ll examine the various alt currencies in this part and explain why we think they’re the best ones to purchase right now. We’ll also talk about how the greater crypto industry and our experts predict they’ll fare going ahead.
Ethereum
Due to its enormous potential growth, Ethereum is undoubtedly the greatest altcoin to purchase right now. It now hosts the most Decentralized Finance (DeFi), dApps, digital world, and Web3 applications and has become the biggest smart contract network. As a result, there are many applications for ETH coins now, and at its pinnacle throughout late 2021, its price increased by over about 1.6 million %.
In the future, we anticipate many more companies, both on-chain and off-chain, to continue working together and developing mostly on the Ethereum platform. This Ethereum 2.0 update will increase network performance and curb the creation of innovative ETH tokens, therefore limiting the availability of the cryptocurrency in the face of rising need. These are anticipated to assist propel ETH values to amazing heights, together with a rebounding market.
Some bullish commentators predict that Ethereum may surpass Bitcoin to become the most valued cryptocurrency within the year 2030. Through the end of this decade,, one single ETH token may reach a price of almost $10000. Even highly helpful with Bitcoin, Ethereum has a wider network than the original cryptocurrency. Ethereum is now the greatest cryptocurrency to purchase due to its potential to surpass $10k and overtake BTC.
Solana
The most rapidly expanding smart contract platform is Solana. Solana, is a platform for smart contracts that was created to take Ethereum’s place as the most popular platform, and has quickly integrated all of Ethereum’s capabilities. From play-to-earn games to meme currencies, DeFi rod Apps, Non-Fungible Tokens (NFTs) to the metaverse, and even decentralized exchanges. These have enabled the price of SOL tokens to rise steadily and reach a 130000% high above its ICO price.
The cryptocurrency asset is still growing and is one among the top cryptocurrencies to purchase right now because of this. Solana is constantly developing its ecosystem by integrating new applications and protocols and extending its community, even in the midst of the crypto market correction.
Importantly, Solana has shown that it is a crypto project that can last. We anticipate that Solana investors’ interest in SOL coins will continue to grow in the future. We also anticipate that as the 350+ crypto projects introduced here gain popularity and attract millions of users, the number of users on the network will grow dramatically.
We anticipate SOL to retake its 2021 highs and restart the rise when the markets begin to recover, pushing it to new heights. All of these support the recommendation that you add Solana to your watchlist of cryptocurrencies to purchase at the present drop.
Cardano
The biggest platform for smart contracts is Cardano. Due to the fact that it was the first peer-researched crypto technology, it has also been routinely named as the most secure blockchain by crypto and finance professionals. Despite including just a small portion of the cutting-edge technology incorporated by its sister Ethereum-killers, such as Solana, it has also maintained a favorable upward trend since its introduction.
These haven’t stopped it from establishing itself as one among the top 10 most valuable crypto assets, almost permanently. This is one of the main reasons we include ADA as one of the top cryptocurrencies to purchase in 2022 because it shows how confident investors are in the cryptocurrency concept.
In the future, we anticipate that the Cardano network will include more of the cutting-edge and enormously popular crypto technologies, hence expanding the use cases for ADA tokens. We also anticipate that its fan base and investment interest will continue to develop at the same pace. We also anticipate a recovery and resurgence in the cryptocurrency market, which will aid in the price increase of ADA tokens to their record high of 2021.
Decentraland
The original metaverse project is called Decentraland. And this might also explain why major off-chain firms intending to open stores in this virtual world have oversubscribed all the precious pieces of land. JP Morgan, Coca-Cola, Samsung, and Forever 21 are a few of them.
In addition to the companies, the Metaverse user base and fan following have been expanding. For instance, Decentraland reported an average of 300k active monthly users by the end of 2021. The growing number of wallets holding MANA and the rising trading volumes of the token are both signs of a dramatic rise in investor interest in the cryptocurrency.
More users and developers are anticipated to join Decentraland in the future. We anticipate that more brands will develop on the platform. By holding virtual concerts, Decentraland further hopes to improve the NFT, play-to-earn games, Web3 apps, and overall user experience.
These factors, together with the increased investor interest in the metaverse, are anticipated to propel the price of MANA tokens to all-time highs. This is the main reason behind our opinion that Decentraland is the best cryptocurrency to purchase in 2022.
Binance Coin
The utility currency used by the most well-known and liquid cryptocurrency exchange on the planet is called Binance Coin. Additionally, the Binance Smart Network, among the fastest-expanding smart contract networks, uses it as its native token. Both networks presently utilize it to collect transaction fees, and speculative investors have embraced it heavily. Due to these features, it has been able to maintain an upward trend, rank among the top 5 cryptocurrencies, and increase its initial price by 460000% at its peak in late 2021.
However, due to its bright potential, we rank it as one of the best cryptocurrencies to purchase in 2022. As we can see, the Binance Smart Chain has been working hard to develop its ecosystem. Almost every new crypto technology has been included into it, including DEXs, NFTs, meme currencies, Web3 protocols, play-to-earn gaming models, and even metaverse.
In an effort to balance out growing demand and decreasing supply, Binance has also committed to destroying more BNB tokens than are created. This, together with Binance’s shown resilience, heightened investor interest, a reviving cryptocurrency market, and the active BNB crypto community, are anticipated to propel Binance coin values to all-time highs. They all go on to discuss why you should think about adding Binance to your list of cryptocurrencies to purchase right now.
For instance, it is predicted that the price of BNB would increase by 2000% in the next five years and reach $5,000 before continuing to rise and crossing the $10,000 mark in the following ten.
Uniswap
The fact that Uniswap has consistently outperformed the competition in the past and is predicted to continue making gains in the future, makes it one of the top cryptocurrencies to purchase in 2022. For instance, with more than $7 billion in total value secured, it has not only developed into the biggest and most well-known decentralized exchange, but it is also regarded as the second most valuable DeFi platform.
Additionally, it has emerged from obscurity to include about four million users who have performed cryptocurrency deals totaling more than $1 trillion. By surviving some of the most unpredictable market collapses and registering quick comeback rates, it has also shown its resiliency.
Shiba Inu
Shiba Inu’s value surged by more than 5 million percent at the beginning of 2021, making it a household brand in the cryptocurrency world. Since then, it has become one of the most active crypto communities on social media and acquired a cult-like following.
These have been crucial in spreading awareness of the meme coin, maintaining its upward trend, and maintaining its ranking as the second-most valuable joke money. And for this reason, among others, we think SHIB is the greatest cryptocurrency to purchase in 2022.
SHIB tokens’ prior performance is another reason why we think it’s one of the finest cryptocurrencies to purchase right now. Going ahead, we anticipate SHIB to continue making profits and turning its investors into become obscenely wealthy people.
Cosmos
Cosmos aims to address the interoperability problem, one of the biggest barriers to widespread adoption of blockchain technology. As a result, it ranks among the most practical cryptocurrency projects for the foreseeable future and the best cryptocurrencies to purchase in 2022 and hold onto.
It devises two important characteristics that address the interoperability issue. First, it created the ground-breaking Inter Blockchain Communication (IBC) protocol, which enables data exchange and streamlines communication across various blockchain networks. Additionally, it developed the Cosmos software development kit, which makes it easier for marketers and developers to create cryptocurrency apps.
Ripple
Most experts and investors believed that Ripple was the greatest danger to Bitcoin’s hegemony when it first arrived. It was dubbed the ultimate Bitcoin killer by some. Financial institutions all around the globe immediately adopted it since it has the potential to replace fast and completely transform cross-border payments.
Prices for ripple tokens have increased by more than 68000% by the time they peaked in early 2018. Then, in a shocking turn of events, the SEC filed a lawsuit against Ripple Labs and its directors in a US federal court, sending the price of XRP down.
Today, the price of XRP is more than 90% lower than it was at its peak. Given that they are only trading at this price as a result of the pressure brought on by the pending SEC action, this makes them one of the most undervalued cryptocurrencies.
Aave
With over $5 billion in total value secured, Aave is the second most used loan platform and the fourth most valued DeFi initiative. The open-sourced protocol presents cryptocurrency dealers and investors with alternate loan and saving platforms in an effort to overhaul the global banking sector. Aave was introduced in 2020, and the cryptocurrency community quickly embraced it. As a result, in May 2021, its token values rose by around 1300%, reaching an all-time high of $670.
In the future, we are convinced that accelerated blockchain technology adoption, growing global inflation, high savings rates and attractive loan interest rates, as well as Aave’s faultless, will attract more cryptocurrency investors and traders to the DeFi platform. We believe that AAVE token is the best cryptocurrency to purchase in 2022 because these factors will together cause prices to soar to unprecedented heights.
Final Thoughts
Since the beginning of cryptocurrency, when there were only a few crypto assets available, the definition of an altcoin has changed. Anything other than Bitcoin (BTC) was regarded as an altcoin back then.
The universe of cryptocurrency assets is significantly bigger now. There are many currencies and tokens with applications that go well beyond serving as a means of exchange, therefore they are not inherently Bitcoin rivals.
However, the fundamental definition of an altcoin, for want of a better term at the time, is any cryptocurrency asset other than Bitcoin.
