9 Best Altcoins to Invest in 2022

The title of this article begs the question of newcomers to the crypto world: what are altcoins? All cryptocurrencies except Bitcoin are referred to together as altcoins. Because most cryptocurrencies are forked from one of Bitcoin (BTC) or Ethereum (ETH), some people define altcoins as all cryptocurrencies other than those two.

Throughout 2022, a number of cryptocurrencies saw price runs that set records, and several of these coins found themselves propelled into top-tier cryptocurrency projects after emerging from relative obscurity. Many investors are pondering whether cryptocurrencies will continue the momentum they established this year and offer even greater profits in the upcoming years as we get deeper into the second half of 2022. 

The top cryptocurrencies with the potential to increase in value over the next few years are listed here. While it is not advised that you go out and purchase all or any of these tokens, any of the following are worth taking into account if you're trying to expand your cryptocurrency portfolio in the remaining months of 2022.

1. Ethereum

In general, Ethereum is the best altcoin to purchase in 2022 and beyond. Over the past year or so, Ethereum has been under fire for its skyrocketing GAS prices and overloaded network. By a significant margin, it is still the top smart chain, housing more Defi, meme currencies, and innovative projects than any other smart chain. Therefore, it may be stated that other well-known projects, including those on this list, that is based on Ethereum will increase the value of Ether.

2. The Sandbox

Sandbox crypto is one of the top altcoins to purchase in 2022. It is one of the most exciting initiatives in the metaverse area, and it appears to be one of the buzzwords for mainstream technology and blockchain in the years to come. For those who don't know, a metaverse is essentially a fully immersive 3D world. These have been there for a while, but in the new future, it's anticipated that 

their significance will grow.

3. Filecoin

Another altcoin to consider purchasing in 2022 is Filecoin. It is not unexpected that storage space is presently in high demand given the volume of commerce conducted online in 2022. The industry is presently dominated by platforms like Amazon Web Services, but Filecoin wants to shake things up by utilising blockchain technology to offer a more effective and affordable method of delivering storage. 

Naturally, this may greatly increase the project's value, and if web 3.0 involves a move toward a more widespread dependence on the blockchain, Filecoin might become the standard platform for cloud storage. 

4. Aave

One of the greatest cryptocurrencies to purchase this year is Aave. One of the most significant advancements in the blockchain sector in recent years has been Decentralized Finance (Defi), which is currently projected to be worth $78 billion and increasing daily. One of the leading platforms in the market, Aave is second only to Maker in terms of the total value on its books, with almost $10.4 billion locked within its protocol. 

Aave is a financing platform that uses the Polygon blockchain and is anticipated to grow, according to numerous market analysts.

5. Shiba Inu

Meme coins may not appeal to all investors, but Shiba Inu appears to be gaining a solid reputation as a Defi system. Shiba Inu may have started out as a Dogecoin competitor, but it has now grown to offer a far more comprehensive ecosystem than its forerunner, continuing the legacy of dog-themed branding and online community building.

6. Binance Coin

One of the "big three" is Binance Coin, which ranks alongside Ethereum and Bitcoin as the top three tokens by market capitalization. The largest native token of its sort in the world, BNB, has a reasonably strong use case already, and its parent exchange has amassed enough momentum to guarantee that its token is 

always likely to be one of the top runners.

7. Solana

In 2022, Solana is another altcoin to keep an eye on. Although it was first conceived in 2017, it took many years to complete its development and debut. Due to its noticeably quicker transaction speeds and reduced costs, it was hailed as an "Ethereum Killer" right away. 

Despite the project's strong performance numbers, it first received little attention. However, Solana has had spectacular price increases over the past year or two that have made it a top-tier cryptocurrency.

8. Decentraland

Decentraland is a virtual 3D environment where users may purchase land parcels that are distributed as NFTs and erect buildings, gardens, and monuments on which they can erect them. Decentraland, however, is more than simply a SimCity-style game; players may create applications, games, and companies within the digital setting. Additionally, digital artists are able to publish their work on Decentraland and even display it at a museum they created just for the occasion.

9. XRP

Ripple XRP is the best cryptocurrency to purchase in 2022, according to the final project. Undoubtedly, it has one of the finest use cases of any alternative coin. While many of them are more ambitious, they frequently make predictions about the direction of e-commerce. 

On the other hand, Ripple fills a current demand for less expensive international payments. Ripple, sometimes referred to as "the bankers' crypto," seeks to displace SWIFT as the industry standard for international money transfers.

Last but not least, it's important to note that even if altcoin projects showcase some of the most cutting-edge blockchain technology and have the actual potential to revolutionise industries like finance and gaming, it's never a smart idea to write off Bitcoin. It continues to be the market leader and the standard by which all other tokens are judged. BTC should be viewed as an omission from the list above.

As is evident, this list is by no means comprehensive. There are hundreds of tokens available, and any one of them might experience a significant increase in value in the years to come. Because of this, it is advised that prospective investors perform their own analysis of the market, especially the top twenty cryptocurrencies by market cap, to get a sense of what else is available and be smart investors.

Written By: Devika Mishra

Edited By: Nidhi Jha