Crypto markets did not have a very desired and expected May and therefore created quite a lot of losses. The collapse of the Terra network, undesirable volatility, sharp price drops and many other metrics are now proof that more attention is needed. According to some members of the community, it’s time to focus on the technology itself, rather than just dealing with the investment part of the business.
While all these developments continue, a crypto-themed YouTube channel Cheeky Cryptohas featured two altcoins that it believes will rise 10x in 2022.
Ripple (XRP)
The first altcoin on the list Ripple (XRP) it happened. XRP is an open source, permissionless and decentralized crypto technology. Among the advantages of XRP are remarkable details such as low cost, high speed, scalability and naturally environmentally friendly features.
“In the ongoing lawsuit with the SEC, the pointer seems to be in favor of Ripple. They have great use cases for a real world problem with a great team. Therefore, they will be successful.”
XRP is trading at $0.4 at the time of writing and ranks 7th by market cap.
“This project with a huge community behind it is an excellent use case and all the great stuff that XRP will be pumping in the future. That’s why XRP ranks first on this list.”
Stellar (XLM)
The second altcoin on the list is Stellar (XLM). Stellar is a peer-to-peer (P2P) decentralized network created in 2014 by The Stellar Development Foundation or Stellar.org. The network was officially launched in 2015 to connect the world’s financial systems and provide a protocol for payment providers and financial institutions.
The platform was designed to move financial resources quickly and reliably with minimal cost. Stellar connects people, banks and payment processors and allows users to create, send and trade multiple types of crypto.
“The latest news for this altcoin is that Moneygram and Stellar Blockchain news provide excellent XLM support. Moneygram supporting USDC or USD remittances on the Stellar blockchain. This is very optimistic news for Stella. This is still a strong project with a great team and solid technology. XLM is changing hands at $0.14 and currently ranks 25th by market cap.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.