The Best Altcoins to Invest In

There are also cryptocurrencies that have a high upside potential. In this article, we take a closer look at some of the best altcoins for this year.

Right now, there are five promising altcoins that seem attractive to buy. Some are still relatively new cryptocurrencies, while others have been around a while. Let’s take a look at which altcoins are popular now and which ones will rise in 2022 and beyond.

Which are the Best Altcoins to Buy?

In 2022, the popularity of crypto is at an absolute peak. It is expected that this popularity will only increase in the future. The more people who invest, the more difficult it will become to make life changing gains. However, it is important that you act rationally when trading crypto, especially if you still have little understanding of the crypto market. It is wise to thoroughly familiarize yourself with it before investing significant amounts of money.

How exactly does crypto trading work? That’s a good question to start with. In addition to some success stories, try reading some stories about failures. There are also people who have lost quite a bit of money with crypto. These are mainly people who just do something and act impulsively. That is what you absolutely should avoid if you are going to trade in crypto.

You rarely hear such stories, because people are obviously not proud of them. However, there are plenty of such stories. So do not focus on the success stories because that is only possible for a small part of the crypto traders.

How do you Know which Altcoins to Buy?

What Factors are Important When Buying Altcoins?

• Before you determine which altcoin you want to buy, it is useful to check whether the crypto is even available in the country in which you live. Most  altcoins are not for sale in every country. Especially with new coins, it often happens that these are temporarily only available in the country or region in which they were issued.
• It is also important to join the right trading platform before you decide which crypto you are going to buy. For example, if you want to start trading in lesser-known cryptocurrencies, it is useful to first check whether those coins are available in all on your trading platforms. If that is not the case, there is little point in doing research into these relatively unknown altcoins.
• Safety and reputation naturally play an important role. Since the crypto world is fairly new, private accounts on trading platforms have been hacked in recent years, causing people to lose significant amounts of money. So always check the security and reputation of a trading platform before creating an account on it.
• Another important element when trading crypto is the price you have to pay to the broker or exchange for each transaction. With most trading platforms you pay between 0% and 2% per transaction. This means that you have to pay extra costs for every purchase and sale of a crypto coin. Of course, you prefer to use a trading platform with low transaction costs.

Which Altcoins are Going to Rise? Top 6 Altcoins

Then of course many people ask: which altcoin should I buy now? Everyone wants to know which cryptocurrency will continue to rise in the course of 2022 and beyond, but also which altcoins will retain their value. It is of course impossible to give an unequivocal answer, since you can only say with certainty after the fact. However, it is expected that a number of altcoins will realize their potential in the near future.

Below is a list of the best altcoins that we think have the best potential to experience significant growth in 2022 and beyond.

Uniswap

Uniswap is a DeFi project and is a decentralized platform to trade cryptocurrencies. This means that it is a platform for everyone, without anyone having full control like centralized platforms.

What makes Uniswap unique is that it makes many tokens available that are not yet available on many platforms. You completely own your own coins because it is a decentralized platform that allows trading without a ‘middleman’. We have a very positive future in this as more and more users are looking at this.

The future of DeFi projects is very positive and Uniswap is one of the most innovative projects in this area. The platform is growing tremendously and more and more users are choosing to switch to this platform, leading more people to buy Uniswap to trade on this platform. This will eventually lead to a big price increase in 2022 and beyond.

Buy Uniswap from Binance or Crypto.com

Ethereum

Ethereum is similar to Bitcoin in many facets, but it is fundamentally different. Unlike Bitcoin, it was developed as a flexible infrastructure. This makes it easier for companies to build their own applications on the ethereum blockchain.

For these reasons, this crypto is often used for building so-called ‘smart contracts’. These are smart contracts that are only executed if both parties stick to the contract.

You probably know Ethereum from its own token: ‘Ether’. This is the coin that you can compare with Bitcoin. It provides a primary layer through which transactions are performed on the network.

Buy Ethereum directly from Binance or Crypto.com

Chainlink

Chainlink has surged more than 200 percent in value in the past year or so. It was even slightly above 6 dollars at one point. The altcoin is one of the driving forces behind Decentralized Finance (DeFi).

The market capitalization for Defi quadrupled in six months. Most of the ecosystem runs on Chainlink to connect smart DeFi contracts to off-chain data feeds such as commodities and price data.

More and more investors are buying Chainlink as a speculative investment on the success of DeFi. It also helps that it is readily available in more and more exchanges.

Buy Chainlink directly from Binance or Crypto.com

Tron

Justin Sun is arguably the most talked about entrepreneur in the crypto world after Elon Musk. He is the founder of crypto coin Tron, but there are also some controversial stories about him. However, Tron is an interesting cryptocurrency to follow.

This has mainly to do with the idea behind the currency. The goal of Tron is to decentralize the entire internet by sharing digital content via their own blockchain. Tron should ultimately serve as a platform for this. It is certainly an interesting project with a lot of potential.

Buy Tron directly from Binance or Crypto.com

Cardano

Cardano is not a coin in itself, but it does have a token: ADA. The project is an open source protocol that consists of several layers of blockchain. The idea is that as many complex decentralized applications as possible can be supported by working with different layers.

For example, there is a transaction processing layer and a computing layer. The computing layer makes it possible to perform smart contracts in a decentralized manner. It is being worked on by universities, governments and programmers. Now that you understand Cardano’s rationale, let’s get into why you should consider buying ADA.

Anyone considering buying ADA is probably thinking long-term. The project is not very fast, but it is ambitious, professional and passionate. It remains to be seen how the project will progress further.

Buy Cardano directly from Binance or Crypto.com

VeChain

VeChain is not just a cryptocurrency, but is actually a company. It has dozens of partners and closes new deals every week. The company has already collaborated with the Renault Group, KUEHNE+NAGEL and the State Tobacco Monopoly Administration of China, among others. Unlike other cryptocurrencies, it is therefore not based on ideology, but on actual business operations.

Vechain’s pay token VET is used as a payment currency to perform activities. The more VET one has, the higher the priority and rights on the blockchain. With the token THOR, which is also linked to Vechain, applications can be run on the blockchain. By linking actions to coins, it is attractive to trade the token. For example, you can trade with parties that need the currency to carry out projects and earn money in this way.

Buy VeChain directly from Binance or Crypto.com

New Altcoin 2022

In order to be able to respond to the market of new, promising and the best altcoins in 2022 and beyong, we recommend that you keep a close eye on this website. We share a lot of information about developments in the crypto market and regularly give tips about what the best crypto coins can be to buy. The best altcoins for long term investment will also often be discussed.

Conclusion

It is difficult to determine which are the best altcoins to buy, because it is difficult to estimate which altcoins will increase in value. You can try to predict a project’s potential by doing good research and by choosing the right crypto trading platform.

Which are the best altcoins to buy is a frequently asked question, which is difficult to answer. Our view is that Ethereum, Cardano and VeChain, among others, will rise over the long term.