These cryptos could be the next 100x Alt Coin
With a history of Altcoin explosions like Bitcoin SV and Bitcoin Cash, traders and investors have begun investing in altcoins to maximize their returns.
What are Altcoins?
To put it simply, Bitcoin came first, Altcoins came second. Typically, they position themselves as superior to Bitcoins. At the moment, Bitcoin reigns supreme in the digital currency market, but altcoins are rising at a similar rate.
The creation of some digital currencies was solely to address the perceived limitations of Bitcoins. You may have heard about Ethereum, one of the most prominent digital currencies with a significant market capitalization after Bitcoin. However, there are advantages and disadvantages to investing in Ethereum and other Altcoins.
Simultaneously, the fundamental goal of Altcoins is to address the issues of security, decentralization, and scalability that Bitcoin struggles with. There are over 5,000 Cryptocurrencies accessible for investment other than Bitcoin; however, the market cap value of each varies.
Let us look at some options you may want to further research for a possible investment.
Cardano is a third-generation cryptocurrency. Its properties give the best of both first-generation and second-generation cryptos, such as Bitcoin and Ethereum. It employs a Proof of Stake (PoS) mechanism rather than a Proof of Work (PoW) mechanism, which increases its sustainability compared to other cryptosystems. Cardano is appealing to many cryptocurrency investors. Currently priced at around 65 cents, it is a great option to reach the $50 mark.
XRP’s consensus protocol allows it to process transactions in seconds cheaply and with little energy. As a result, it is one of the more eco-friendly cryptocurrencies. It is one of the most outstanding altcoins poised to take off in March 2022, providing the SEC court case gets resolved quickly. At the moment, though, until this has come to a close, XRP will likely hover around the $1 mark.
The popularity of Decentraland as a major metaverse game may drive the adoption of MANA. In terms of market capitalization, the Decentraland currency is one of the top altcoins. It was one of the best performing tokens last year, with up to 5,300 percent gains. Decentraland’s offering has gathered the interest of big investors, resulting in significant price swings. Metaverse coins are enormous and have massive potential for growth.
An innovative platform offers technical and economical solutions to the streaming industry’s problems. Thetas creation provides a decentralized video network. As a result, the Theta blockchain started to incentivize network bandwidth sharing. Users, in particular, will be able to contribute their excess bandwidth and computing resources in exchange for token rewards. Theta hit around $14 back in April 2021 and currently sits at about $2. It is only a matter of time before this project reaches its potential — definitely, one to watch for the future.
Developed by Anatoly Yakovenko, and operates on a decentralized computer network based on the blockchain ledger. This blockchain database manages and tracks the currency, effectively recording every transaction that has ever occurred in it, similar to a long-running receipt if you like. The computer network records the currency transactions and then verifies the data’s integrity.
Solana and substantially lower transaction costs process considerably more transactions per second than Ethereum. This blockchain incorporates a novel technology called Proof of History (PoH) in addition to Proof of Stake (PoS).Solana exploded in 2021, proving it can 100x by going from roughly $1 to over $100. Is there anything left in the tank? Time will tell, but it is an exciting project which looks like it will be around for a while.
Investing in Altcoins might bring fresh ideas to the table, making it a good investment option for you in 2022. Because altcoins likes Solana, Theta, Bitcoin Cash, and Ripple have already gained traction. At the same time, the features and market capitalization of these Altcoins are superior to those of other digital currencies.