A YouTube channel called A Chain of Blocks shared its views on the three most valuable altcoins to buy and hold in March 2022.
Phantom (FTM)
The first altcoin on the list Phantom (FTM). Fantom operates as a directed acyclic graph (DAG) smart contract platform that provides DeFi services to developers using its own consensus algorithm.
The domains they use to host these services will shift to other domains. Users will still be able to use all of the same services. Great teams will be behind them.
“We can see that Phantom has surpassed the volume of the Ethereum blockchain in general, there is nothing to worry about and with FTM trading at $1.28 despite the pressure this represents a pretty low value, FTM should definitely be at the top of this list.”
Tezos (XTZ)
The second altcoin on the list is Tezos (XTZ). Tezos is a blockchain network based on smart contracts, not much different from Ethereum. However, there is a big difference in the technical structure: Tezos aims to offer a more advanced infrastructure. That is, it can evolve and evolve over time without the danger of a hard fork.
Tezos is trying to align with mass adoption and key demographics. They partner in motorsport.
Tesla has gone through seven upgrades based on chain management, it works as a fully decentralized blockchain. Owners of the token manage, propose new things, and these ideas are voted either yes or no by users. And then it is applied to the system. This has happened seven times, so this seems pretty exciting when we talk about a self-governing blockchain.
Over a hundred decentralized applications currently running on this blockchain serve as a major utility for Tezos, and therefore this undervalued altcoin could easily rank second on the list.
Oasis Network (ROSE)
The last altcoin on the list is Oasis Network (ROSE) it happened. Oasis operates as the leading privacy-enabled and scalable layer-1 blockchain and powers Web3 and DeFi systems, high throughput and low gas to provide a next-generation foundation for GameFi, NFTs, Metaverse, Data tokenization and Data DAOs promises to combine its fees with a secure architecture. Oasis is a blockchain that will take Web3 forward, scale it and develop it to maturity.
It’s important that it’s a privacy-focused blockchain and works very similarly to what we’ve seen with Polkadot (DOT). What Oasis is really trying to do is give large companies the ability to transact on a blockchain using the distributed ledger, but still control their data.
Oasis has privacy features that create a fundamentally new kind of digital asset, called tokenized data. So basically, large businesses or anyone can keep their own tokenized data and then transact in a private way.
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.