3 Altcoins to Buy Right Now
People keep talking about a "crypto winter" being here. But that doesn't mean all cryptos face hostile market conditions these days. Some altcoins are doing surprisingly well right now and have posted double-digit returns over the past 30 days, attracting a lot of buzz across social media. They are being talked up as tokens that could explode in value over the next 12 months.
However, not all of these gainers are worth investing in because they are simply too speculative for the average investor. But there are three altcoins that have steadily appreciated over the past month that are worth a closer look: XRP (CRYPTO: XRP), Chainlink (CRYPTO: LINK), and Algorand (CRYPTO: ALGO). To be fair, all three are down between 55% and 85% over the past 12 months. However, all three have characteristics that set them up for greater utility in the days to come. All three rank among the top 30 cryptos in the world by market capitalization. If you're thinking about juicing up your portfolio returns for 2022, these could be fantastic buys right now.
Algorand, up 12% over the past 30 days, is a proof-of-stake Layer 1 blockchain founded by award-winning MIT professor Silvio Micali. Algorand has won kudos for its top performance metrics and has been regularly recognized as one of the greenest blockchains in the world. In addition, the Algorand blockchain got a speed and performance upgrade in September, boosting transaction processing speed from 1,200 to 6,000 transactions per second. Algorand also recently attracted attention in the crypto world for its new quantum cryptography efforts.
Source Fool.com
