The cryptocurrency market has grown at an incredible rate. Naturally, there are fast descents as well. Then a whirlwind broke out in the crypto ocean and sank some altcoin projects. However, there are many projects to explore in the crypto ocean. Crypto expert Aratrika Dutta evaluates the top 10 altcoin projects he has selected.
Investors are on the hunt for new pursuits in the crypto winter
cryptocoin.comAs you follow, at the end of 2021, cryptocurrencies showed a great increase. However, it later encountered strong winds and regressed to the bottom. Therefore, crypto investors are in a state of tension amid the bloodbath of popular and profitable cryptocurrencies such as Terra (LUNA). However, digital assets have become more entrenched than ever before in their history. Projects in the young industry continue to attract massive amounts of brainpower, effort and investment.
In order to earn some living in the highly volatile cryptocurrency market, they need a lot of profits in their crypto wallets. Because despite the volatility, few crypto investors continue to look for cryptocurrencies that have emerged as winners at such an important time. Right now, investors are wondering which digital currency would be better to buy now. Crypto expert Aratrika Dutta lists the top 10 cryptocurrencies to buy before Bitcoin reaches $25,000.
Expert’s chosen altcoin projects
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Solana is still among the top 10 cryptocurrencies. It owns its own Blockchain. This means that it does not have to rely on the design and limitations of another network. The longer it takes Ethereum to complete Merge, the more benefits Solana, an Ethereum competitor with decentralized applications and its own Defi products, is likely to reap.
Uniswap (UNI)
Uniswap represents the popular decentralized exchange that allows users to buy and sell digital currencies without the need for communication with third parties. While not all other cryptocurrencies have been able to prove their worth to investors, Uniswap surpassed its market cap in early 2022. So Uniswap is proving to be an investment option for 2022.
Polygon (MATIC)
Polygon has been created by a development team that has made significant contributions to the Ethereum Blockchain. According to CoinMarketCap, Polygon is designed for Ethereum scaling and infrastructure development. As a “layer two” solution, it extends Ethereum to a multi-chain system, improving transaction and verification speed.
Ethereum (ETH)
The current decline in value of Ether after Bitcoin’s collapse shocked investors. Even as the altcoin is recovering from its lowest value, investors are considering alternative investment options. While the ETH token is in an exponentially volatile place, ETH can be a much better option for investment than Bitcoin. Meanwhile, the launch of the ETH 2.0 upgrade is also causing some excitement. This upgrade gets investors pretty excited about the future of Ethereum.
Binance Coin (BNB)
BNB is the native token of one of the world’s largest cryptocurrency exchanges. Binance focuses on bringing cryptocurrency exchanges to the forefront of financial and economic markets. Currently, almost all crypto exchanges are suffering from falling crypto values. However, BNB could prove to be a more profitable investment than many other cryptos on the market.
Ripple (XRP)
XRP is Ripple’s native token. It offers a cheaper and more efficient alternative to the popular SWIFT system for processing international transactions. XRP Ledger is an open-source Blockchain with XRP token as Ripple’s native asset. It operates independently of the Ripple economy. Also, it is possible for investors to use it for various purposes.
Cardano (ADA)
Even after the market volatility, the altcoin has not lost its reputation as an actively developing blockchain. Cardano successfully uses a Proof-of-Stake consensus mechanism that is less energy-intensive than the Proof-of-Work algorithm. That’s why it’s one of the fastest growing cryptocurrencies with the largest Blockchain.
Tether (USDT)
Tether was one of TerraUSD’s biggest competitors. He now sits at the top of the stablecoin pyramid. Tether is much more reliable than Terra or Bitcoin. Tether fell just two hours after UST fell, but its value rose again within an hour. Although it has not yet reached full parity with the US dollar, it has effectively maintained its position around this level.
Decentraland (MANA)
Decentraland has become a popular name in the crypto market after Metaverse became popular among tech leaders. Over the past few days, the number of Decentraland users has grown exponentially. It has also seen a huge increase in prices. Decentraland is one of the largest metaverse coins. It supports the development of a space that will provide extreme immersive and exciting experiences.
The Sandbox (SAND)
Sandbox is another metaverse coin that has risen recently. The crypto market is currently in a vulnerable state. However, SAND has maintained a consistent reputation for being a profitable investment due to the growing popularity of the metaverse.
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