Best Altcoins For 2022 To HODL Long Term Gain
2021 was the cryptocurrency market's year of growth and maturity. It was such a good year that some altcoins flourished and outperformed bitcoin. These top coins' infrastructure has at last matured, and they are now offering their holders returns of up to five-digit percentages.
Altcoins or alternative coins are digital currencies other than bitcoin. They are an alternative to bitcoin, launching as solutions to the king of crypto's low speed, high transaction, and energy-intensive protocols. Altcoins have a wide range of purposes supporting blockchain governance, utility, and reward protocols.
Some altcoins such as ether and BCH also have the functions of money. Consequently, you can use them for real-world purchases. As an illustration, you can trade in-game assets on Eldorado.gg using popular altcoins such as ETH, BCH, USDT, or DOGE.
To this end, you can enjoy cheap gameplay by buying a cheap Grand Theft Auto V premium key on gamecamp.gg, a game price comparison site. After that, use your altcoins to purchase cheap GTA 5 boosting services on Eldorado.
As the market comes of age and the development of onramps and cross-platform chains is enhancing its functionality. Therefore, investors are looking to invest in value rather than hype or correlation to BTC. For this reason, as the king of crypto gave its holders a 59.8% return in 2021, the larger crypto market had bountiful returns of 187.5%.
While investors should hold the granddaddy of crypto in their portfolio, challenger altcoins are currently undervalued, so they will grow at a higher rate in 2022. Below are some of the best altcoins for 2022 and long-term HODLing.
The Bank of America analysts have said that Solana could be the Visa network of the digital currency world. This is because Solana is currently the fastest blockchain network in the market. It can support a 65,000 transaction per second speed. Moreover, its transaction costs are as low as $0.00025 per transaction.
As a result, Solana's hybrid Proof of Stake and Proof of History network is drawing in massive amounts of NFT, gaming, and DeFi applications, making Solana a potent challenger blockchain. While some network downtimes have rocked Solana, it has an enormous market and investors support.
This advantage has given SOL, its native token, an impressive performance in a bearish market. The introduction of Solana Pay, its peer-to-peer consumer and merchant payment processing platform, will make Solana vital to the global e-commerce sector. To this end, SOL could be a keeper in 2022 and beyond it.
Polygon is a Layer 2 network that seeks to alleviate the Ethereum blockchain's scalability challenges. MATIC, its native token, has outperformed most altcoins as its use case to the Ethereum network makes it a viable Web3 support network.
Consequently, MATIC could be central to the emerging decentralized internet that will reward communities rather than server farms. Polygon is also a popular NFT transactions network, which gives MATIC massive demand in the market in 2022.
Ethereum is the second most decentralized network in the world. It also enjoys first-mover advantages in the smart contract and decentralized applications development. Consequently, Ethereum is synonymous with blockchain gaming, NFTs, and the DeFi sector.
To this end, while the smart contract has massive scalability challenges, it also has a great use case. To this end, its native token ETH will remain a HODLer's favorite in 2022. In addition, Ethereum is also transiting to a scalable Proof of Stake network, giving ETH long-term investment value.
