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What are the 10 Best Altcoins to Invest in 2022?

Altcoins is the combination of two words “alt” and “coins”, which means alternative crypto currency and it was launched after Bitcoin success. It is generally considered to be the replacement of Bitcoin. This Altcoins are built on the basic structure of Bitcoin, that is why mostly Altcoins are peer to peer and require the process of mining. The most popular Altcoins are Ethereum, Ripple, Tether, Bitcoin Cash and Litecoin. In this blog, you will read the 10 Best Altcoin to invest in 2022.

10 Best Altcoin to Invest in 2022:

  1. Ethereum (ETH): Ethereum is the best cryptocurrency to buy in 2022, as it has high price than Bitcoin. This platform is built on smart contracts and provides the upgrade to Ethereum 2.0. And Ethereum transfer its entire network to a Proof-of-Stake consensus mechanism which helps in boosting the speed approximately 100,000 transactions per second and it lower the fees.
  2. Lucky Block(LBLOCK): Lucky Block is the popular new altcoins and this crypto platform hosted on the Binance Smart Chain. It uses the blockchain technology to improve the lotteries industry with transparency, reduce the draw times and it also increases the chances of winning of every person. LBLOCK tokens create the base of the ecosystem in which all the fees is distributed to the holders as a reward. In this, when the supply decreases then it increases the price. Investors can buy LBLOCK tokens on PancakeSwap.
  3. Shiba Inu (SHIB): Shiba Inu is the new cryptocurrency to invest in 2022. SHIB coin exploded over 1000% in a month and this ‘meme coin’ is almost similar to Dogecoin as it is based on hype. As it is has tangible use, so its scope price continues to go upwards throughout 2022.
  4. Stellar (XLM): Stellar is the best cryptocurrency to buy in 2022 which has a great use case.  In this network, the user can do fast payments and can be sent anywhere globally with low fees, whatever the currency is. It improves the traditional banking system and that is why Stellar becomes one of the best altcoins.
  5. Aave (AAVE): Aave is considered the best new cryptocurrency in 2022 to buy in the DeFi world. With this users can lend and borrow cryptocurrencies easily. By using ‘liquidity pools’, these coins are operated through smart contracts and it automatically sets interest rates and collateral ratios.
  6. Cardano (ADA): Cardano has an open-source blockchain network and it helps the developers to build dApps and also launch smart contracts. It is designed by experts and by using peer-reviewed literature. That is why, businesses will find Cardano a ‘safer’ option than other blockchain networks.
  7. Curve (CRV):  Curve is a decentralized exchange which is built on the Ethereum network and you can easily exchange stablecoins. It is the second-largest DeFi project in value. By using liquidity pools, it allows anyone to lend coins and earn high rewards according to traditional assets.
  8. Algorand (ALGO): Algorand is also considered to be the best altcoin as it is built on the consensus mechanism of ‘Pure Proof of Stake’ (PPoS) blockchain network by Silvio Micali. It has exceptional smart contract functionality and has experienced development team, so it is also the best altcoins to invest in 2022.
  9. Decentraland (MANA): Decentraland is the best Metaverse crypto to invest in 2022. It is the virtual world which is hosted on the blockchain and here; the users can create their own characters and can also buy plots of land for games. As this metaverse concept becomes popular in 2022, so the altcoins such as Decentraland gain more hype which results in increase in stellar price.
  10. Ripple (XRP): The best cryptocurrency, which you can buy in 2022 is Ripple. Ripple is the exchange network which offers faster and cheaper money transfers than banks. By using XRP, the users can exchange money whatever the currency is.  In this, the cross-border payments happen instantly according to the traditional systems. Because of the speedier transaction, cryptocurrencies like XRP is an excellent investment opportunity in 2022.

These are the 10 Best Altcoins to invest in 2022. To learn about Altcoins, read our other blogs.

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