TOP 5 altcoins to consider buying in 2022

By Tanvir Zafar
Published November 22, 2021 Updated November 22, 2021
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TOP 5 altcoins to consider buying in 2022

By Tanvir Zafar
Published November 22, 2021 Updated November 22, 2021

End of October was marked by a sharp increase in the value of a number of altcoins. The undisputed leaders are meme coins and a number of cryptocurrencies that belong to large technology projects. The cost of the 1İNCH token increased by 100% per day, and the Shiba İnu meme coin rose 170% in a week and came out to rank 9 in terms of capitalization.

After several weeks of Bitcoin flatting, the altcoin rally is in full swing, so investors and speculators are massively buying up promising altcoins, hoping to get a quick profit. Nevertheless, experts recommend not rushing, and consider buying only reliable tokens who have some background history, clear strategy and transparent approach to tokenomics.

In this review we will have a look at some of the most promising tokens that might bring their buyers some xxx in 2022. There are more of course, but we chose the ones that do not seem that obvious and might not be your number one choice.

Disclaimer: This is not financial advice. Please, do your own research.

Ripple (XRP)

XRP is the Ripple token that was designed to reshape the global money transfer industry. XRP has grown slowly and has faced many challenges over the years. However, it managed to stay in the top ten tokens. Currently, the biggest challenge for XRP is regulatory compliance. If SEC loses its lawsuit against Ripple, chances are the token will bounce back. At the moment, its market share is 2.62%.

Chainlink (LINK)

This decentralized system is specifically designed to bridge the gap between real world data and blockchain smart contracts. Chainlink integrated decentralized weather data from Google’s cloud last month. This was the final step in a collaboration that began in 2019. Token LINK is used in the Chainlink network and takes 0.62% of the market.

TFL.io (TFL)

This token has quite a long history, which started in 2017. A group of crypto enthusiasts launched the first ever blockchain lottery with 100% fair draws based on the Bitcoin block hash numbers. The lottery later has grown into a big international holding of companies specializing in the iGaming industry. One of the companies was recently awarded with top AskGamblers reward.

A few weeks ago the team announced the beginning of the transition to the new token approach, which entails a new concept, website and tokenomics. The company plans to focus on the GameFi field. Right now the token is available on KickEx and Uniswap, but the plans are to list TFL on all major exchanges.

 

Solana (SOL)

The Solana blockchain is designed to compete with Ethereum and other decentralized projects. The blockchain is more flexible and scalable than Ethereum. It can be used to develop decentralized applications and markets. The market capitalization of the SOL token is impressive as the blockchain was launched less than two years ago but has already shown significant progress and is currently at 1.71%.

Polkadot (DOT)

A platform that is specifically designed for the development of interconnection between blockchains. One of the best features of Polkadot is that it can be updated without hard forks or major network changes. The DOT cryptocurrency is the native token of the Polkadot network. It can be used for betting, batching, trading, management and financial transactions. The token takes up 1.42%.

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Tanvir Zafar
3 Articles
Tanvir Zafar is an experienced Crypto blogger. He has been nominated for the Independent Crypto Journalist of the Year award. He is passionate in covering Crypto and Finance related topics.