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Best Altcoins to Buy Now in 2022

In 2010, Bitcoin came out and took the world by storm as a new decentralized cryptocurrency. Now we have thousands of alternatives to Bitcoin, backed by various projects, each with a different utility. Which are the best alternative crypto tokens or 'altcoins' to buy right now?
Altcoins
Altcoins

As of mid 2022, there are approximately 20,000 cryptocurrencies on the market. The total accumulated crypto market cap has surpassed $2 trillion USD, and trading volumes can reach over $75 billion per day. Hundreds of millions of investors all across the globe are buying crypto assets.

If you’re looking to buy altcoins to build a solid portfolio of digital assets as the world moves to a more digitized way of life, it can be difficult to find time to research the best altcoin projects, read whitepapers, and do technical analyis on altcoin charts. In this guide we’ll list and review what our analysts consider the top altcoins to buy now, and where to buy altcoins safely on a regulated crypto platform.

Best Altcoins to Buy May 2022 List

  • Lucky Block (LBLOCK) – New crypto games and competitions platform in 2022
  • DeFi Coin (DEFC) – Undervalued DeFi protocol with DEX platform
  • Cardano (ADA) – Backed by a solid proof-of stake blockchain platform
  • Ethereum (ETH) – The first altcoin ever released, second oldest to Bitcoin
  • Ripple (XRP) – Backed by a global digital transaction network
  • Solana (SOL) – A relatively new, fast growing greener alternative to larger altcoins
  • Binance Coin (BNB) – a utility coin based on its own exchange platform, used to buy other cryptocurrencies
  • Litecoin (LTC) – One of the first altcoins out after bitcoin, launched in 2011.
  • Stellar (XLM) –  Blockchain network providing enterprise solutions by connecting financial institutions for large transactions
  • Monero (XMR) – Open source currency with emphasis on privacy and untraceability
  • Terra (LUNA) –  Backed by a platform for stablecoins, reliant on the balance between two types of altcoin

10 Best Altcoins – Analysis

Many of the best altcoins to buy now that we review are listed at FCA regulated crypto platform eToro, a social trading platform where you can network with other investors for thoughts on the altcoin markets and altcoin prices, even those that aren’t yet available to buy on the platform.

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1. Lucky Block (LBLOCK)

Lucky Block is a decentralized token operating through the Binance Smart Chain, envisioning a global gaming platform that utilizes blockchain protocols. It was the fastest BSC cryptocurrency to ever reach a market cap of $1 billion USD, raised a record breaking 6 million dollars in a month’s presale, built a solid 40,000 plus investors during their first month of operation alone and is led by a team of experienced professionals.

Lucky Block, aims to transform the iGaming business, is our top choice for new cryptocurrencies. Its gaming platform leverages blockchain technology to improve clarity, reduce draw times, and increase the odds of winning for each individual.

Best Altcoin to Buy

A share of jackpots is given to LBLOCK token holders, and its NFT holders, as an incentive for holding them. In addition, the liquidity of LBLOCK declines with time due to the coin’s built-in “burn rate,” which organically raises its monetary value. Lucky Block tokens are available to buy on PancakeSwap after a successful presale that sold out early, and traders may join their Telegram channel to stay updated and follow the project’s growth and developments.

Lucky Block today is priced at $0.0015 USD. Its launch price was $0.00015 at presale. LBLOCK’s ATH (all time high) was approximately $0.097 USD and it has a trading volume of around $1.05 million USD per day.

The first Lucky Block prize draw is scheduled for mid May and its market cap may rise in the run-up to demonstrating its use case. To celebrate the launch one NFT holder will also win $1 million. Alongside being one of the best altcoins to buy, its collection of 10,000 NFTs the Platinum Rollers Club also come with the chance to earn.

Your capital is at risk.

2. DeFi Coin (DEFC)

We noted in our crypto news feed that DeFi Coin (DEFC) recently pumped 175% in a 24 hour period, in early May 2022.

We first covered DEFC in early 2021 during its presale round at a price of $0.10. It then launched at $0.20 on Pancakeswap and rose to $4, returning a 40x ROI for presale investors and 20x for day one buyers. That spike to its all time high took place the day it was listed on Bitmart.

Since then it retraced 98.5% to around $0.05, before bouncing in May 2022, a year later.

DEFC price

Based on that long extended correction, selling pressure should be low, making DEFC potentially one of the best altcoins to buy now.

According to the DeFi Coins site they have completed part of their roadmap – the launch of their decentralized exchange (DEX) for crypto swaps – version 3 of DeFi Swap. DEFC will the governance token of that DEX, similar to UNI on Uniswap, or SUSHI on Sushiswap – at one point in 2021 those were the best altcoins to buy as they outperformed that market.

It remains to be seen whether DEFC will replicate their success however based on DEFC correcting back to presale levels then bouncing, it could be a low risk entry point at the current price. A retest of the ATH from here would be a 17x gain.

The total value locked (TVL) in DeFi projects has increased to $239 billion in 2022. Layer-2 projects are beginning to take part of Ethereum’s market share and dominance over DeFi.

Your capital is at risk.

3. Cardano (ADA)

This proof-of-stake blockchain platform aims to empower “changemakers, innovators, and visionaries” to have a beneficial impact on the world, according to Cardano’s website. By “redistributing power from unaccountable systems to the fringes to people,” the open-source initiative is also working toward making society more safe, transparent, and equitable.

Cardano altcoin chart

Gerolamo Cardano, a 16th-century Italian polymath, was the inspiration for the name Cardano, which was formed in 2017. It is said that Ada Lovelace, a 19th-century mathematician generally recognized as the world’s first computer programmer, is the inspiration for the native ADA token. Owners of ADA tokens will be able to take part in the network’s functioning thanks to the token’s architecture. As a result, users who own the cryptocurrency have the ability to vote on any modifications to the program that may be suggested.

Decentralized applications and smart contracts can be built with modularity thanks to the layered blockchain’s technology, according to the team behind it.

Charles Hoskinson revealed the Alonzo hard fork in August of 2021, leading Cardano’s price to soar by 116% the following month after the announcement. Alonzo, the first hard fork of the Cardano blockchain, will be live on September 12, 2021. The first 24 hours after the launch saw the deployment of over 100 smart contracts.

Other Cardano-based applications provide for the secure storage of educational credentials as well as the detection of counterfeit goods by shops and agricultural enterprises alike.

Buy ADA

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4. Ethereum (ETH)

Open-source blockchain platform Ethereum has its own native currency, Ether. Many additional cryptocurrencies and decentralized smart contracts can be run on the Ethereum platform.

Vitalik Buterin published a whitepaper outlining the concept of Ethereum in 2013. In the summer of 2014, Buterin and his co-founders raised money for the project via an online public crowd sale. Bitcoin raised $18.3 million and Ethereum’s ICO price was $0.311, with more than 60 million Ether sold by the project team.

Ethereum best altcoin

With the current price of Ethereum, your annualized return on investment (ROI) is over 270 percent, effectively quadrupling your investment every year since the summer of 2014.

After months of testing and development, the Ethereum Foundation on July 30, 2015, formally published the blockchain under the codename “Frontier.” A number of network upgrades have occurred since then: “Constantinople” on February 28, 2019, “Istanbul” on December 8, 2019, “Muir Glacier” on January 2, 2020, “Berlin” on April 14, 2021, and most recently “London” on August 5, 2021.

With the stated objective of becoming a global decentralized application platform, Ethereum aims to enable programmers worldwide to create and operate software that is resistant to censorship, downtime, and fraud in whatever way they see fit.

Buy ETH

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5. Ripple (XRP)

A cryptocurrency payment system developed by Ripple Labs Inc., XRP is the system’s native currency. In order to compete with the banking sector, Ripple has created a “digital asset intended for global payments” called XRP. It’s possible that XRP might be of interest to both individual consumers and banks because of its cheap transaction fees. In addition to its ultra-low transaction fees, Ripple also boasts a transaction completion time of under five seconds.

Ripple XRP altcoin

Chris Larsen and Jed McCaleb started the startup in 2012, based on Ryan Fugger’s work on the XRP Ledger. XRP Ledger is a peer-to-peer network-based open-source cryptographic ledger. In the end, McCaleb departed Ripple and developed Stellar, a payment-focused cryptocurrency.

As a result of the company’s name change to Ripple from OpenCoin, Ripple has established strategic alliances with major financial institutions such as Bank of America, Santander, and Standard Chartered. As a result of Ripple’s failure to comply with the Bank Secrecy Acts, the company was declared an unregistered securities by US regulators very quickly. As of the beginning of 2022, this litigation has yet to be settled. The corporation has also been accused of deceptive advertising in its early days.

Buy XRP

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6. Solana (SOL)

The permissionless aspect of blockchain technology is used by the open source Solana project to deliver decentralized financial (DeFi) solutions. As of March 2020, the Solana Foundation with its headquarters in Geneva, Switzerland, has formally begun the project.

Solana altcoin price chart

Decentralized applications (DApps) may be built using the Solana protocol. Staking and the underlying proof-of-history (PoH) consensus of the blockchain are coupled to increase scalability.

Small-time traders and institutions alike are interested in Solana’s novel hybrid consensus strategy. The Solana Foundation is particularly interested in expanding the reach of decentralized finance.

The current Solana price is $114.49 USD with a trading volume of $2,968,665,857 USD in the last 24 hours. In real time, we convert our SOL to the USD price. The price of Solana has dropped by 0.20 percent during the past day. There is a live market capitalization of $37,221,287,633 USD on CoinMarketCap at this time. 325,110,998 SOL coins are in circulation, but the maximum supply is unavailable.

Buy SOL

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7. Binance Coin (BNB)

Binance was launched in July 2017 and is now the world’s largest cryptocurrency exchange in terms of trading volume. It is Binance’s goal to put cryptocurrency exchanges at the center of global financial activity. The word “Binance” refers to a new financial paradigm known as “Binary Finance,” or simply “Binance.”

Binance coin price history

In addition to becoming the world’s biggest cryptocurrency exchange, Binance has created a whole ecosystem of features for its customers. Among the Binance network’s many projects is a chain of blockchain-powered projects called Binance Chain, which comprises the Binance Smart Chain, Binance Academy, Trust Wallet, and Research initiatives. Many Binance sub-projects rely heavily on BNB for their success.

Binance is a decentralized, blockchain-based network environment unlike any other. As a top cryptocurrency exchange in many countries, the company’s side organizations are also drawing attention.

Binance’s relentless pursuit of innovation is one of its most significant competitive advantages. While Binance began as a cryptocurrency exchange in 2017, the firm has now expanded its services to include a wide range of various industries. There’s a stated goal of being an infrastructure service provider for all blockchains, according to the business website.

Increased investor interest in BNB has been a side effect of the exchange’s debut of the coin. Beginning in 2021, BNB’s price increased significantly, putting it on the radar of business investors.

Buy BNB

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8. Litecoin (LTC)

The current Litecoin price is $131.51 USD, with a trading volume of $930,079,840 USD in the last 24 hours. The LTC to USD exchange rate is updated in real time on our site…. The value of Litecoin has risen by 0.21% in the last 24 hours. CoinMarketCap’s current position is No. 21, with a current market capitalization of $9,199,867,922. One LTC currency is worth $0.01 and there are a total of 84,000,000 LTC coins available.

Litecoin alternative to Bitcoin

In order to deliver safe, rapid, and low-cost transactions, Litecoin (LTC) was created to take use of the unique qualities of blockchain technology.

Bitcoin (BTC) protocol was employed in the creation of the cryptocurrency; however, the hashing algorithm, hard cap, block transaction timeframes, and a few other aspects have been modified. Microtransactions and point-of-sale payments are well-suited to Litecoin, thanks to its fast block time and cheap transaction costs.

It was published on October 7, 2011, through an open-source client on GitHub, and the Litecoin Network went online on October 13, 2011. Since then, its use and acceptance by merchants have grown exponentially, and it has consistently ranked in the top 10 cryptocurrencies in terms of market valuation.

A former Google engineer named Charlie Lee designed Litecoin as a “lite version of Bitcoin” since it has many of the same attributes as Bitcoin, but it is less in weight. Litecoin is a decentralized digital currency.

Buy LTC

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9. Stellar (XLM)

Stellar is a decentralized open network that facilitates the transfer and storage of digital currency. Initially, one of its aims was to assist the unbanked throughout the globe become more financially included, but as time went on, the focus turned to enabling financial institutions to communicate with one another via blockchain technology.

By using lumens as a bridge to transfer assets across borders, the network makes it more affordable to do so. All of this is meant to put pressure on current payment providers, who often demand exorbitant rates for essentially the same service.

Stellar XLM

If this seems familiar, keep in mind that Stellar was initially built on the Ripple Labs protocol. A hard fork resulted in the creation of the blockchain, and the code was then modified.

Many people are put off by the cost of tuition. However, transaction fees on the Bitcoin and Ethereum blockchains have been known to skyrocket due to congestion, and this isn’t limited to fiat-based payment systems like PayPal.

Every transaction on Stellar costs only 0.00001 XLM. Due to the low price of this cryptocurrency, consumers are able to retain a larger portion of their money.

Few blockchain startups have been able to establish collaborations with major technological and financial institutions. As part of a partnership with IBM a few years back, Stellar and IBM launched World Wire, a project that enabled big financial institutions to submit transactions to the Stellar network and trade using bridge assets like stablecoins.

In contrast to other blockchains, Stellar enables its users to vote on which projects should get community cash.

Buy XLM

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10. Monero (XMR)

Anonymity and privacy are the primary goals of Monero, a cryptocurrency that was established in 2014. Many people assume that BTC may hide a person’s identity, however this is not always the case since blockchains are open and accessible. XMR, on the other hand, uses powerful encryption to conceal both the sender and the receiver of messages.

Monero price history

As stated by the creators of Monero, privacy and security are the most important considerations, followed closely by usability and efficiency. Its goal is to safeguard everyone, regardless of their level of technical proficiency.

With the goal of making it easier for people to pay for goods and services without fear of censorship, XMR was created.

Monero stands apart for a number of reasons. To achieve maximum decentralization, a user does not have to put their faith in anybody else on the network, which is a major goal of the project.

A few distinguishing characteristics are all that is needed to ensure privacy. XMR is totally fungible, unlike Bitcoin, which has a unique serial number for each coin in circulation. In contrast to competing privacy currencies like Zcash, which are “selectively transparent,” Monero by default hides information about the sender, receiver, and amount of crypto being sent.

Buy XLM

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11. Terra (Luna)

Blockchain technology Terra employs stablecoins based on fiat currencies to provide price-stable worldwide payment networks. With Terra, you have the stability of fiat currencies with the censorship-resistant features of Bitcoin (BTC) and rapid, low-cost payments, according to its white paper.

Terra Luna best altcoin to buy

After a year of development, Terra’s mainnet became live in April 2019. Stablecoins tied to the US dollar, South Korean won, Mongolian tugrik, and the International Monetary Fund’s Special Drawing Rights basket of currencies will be available as of September 2021, and further alternatives are expected to be added.

The protocol’s stablecoins are pegged to Terra’s native token, LUNA. LUNA token holders may also propose and vote on governance ideas, making it a governance token.

Stablecoins, Terra claims, are able to combine the advantages of cryptocurrencies with the day-to-day price stability of fiat currencies, making it a unique currency. An algorithm that automatically changes stablecoin supply according to demand maintains it pegged at one to one. Stablecoin supply may be increased or decreased by enticing holders of LUNA to trade their stablecoins at advantageous exchange rates.

With a focus on the Asia-Pacific area, Terra has formed a number of agreements with payment systems. Purchases made on e-commerce platforms via Chai’s mobile payments app will be handled over Terra’s blockchain network, as Terra announced a collaboration with the company in July 2019. The merchant is paid a fee of between 2% and 3% for each transaction.

Buy LUNA

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What are Altcoins?

Any cryptocurrency aside from Bitcoin (BTC) is considered an altcoin, or alternative coin. Many of these altcoins share certain features with the well-known Bitcoin, however, some of them also have their own specific differences. To give you an idea, certain altcoins utilize a distinguishable mechanism of consensus in order to validate transactions or create blocks of chained data. Many altcoins use special contracts to provide unique capabilities, such as lowered price volatility, lotteries, and more.

Best Exchanges to Buy Altcoins

When it comes to exchanges to trade Altcoins, there’s loads of exchanges one can use, each of which having their own special features. Here, one can find a short list of some of the best exchanges on the market right now to invest in the coins mentioned above, as well as many more.

1. eToro

etoro-platform

eToro, which is authorized by the Financial Conduct Authority (FCA), allows customers to purchase Bitcoin and more than 60 other cryptocurrencies through eWallets, PayPal, credit cards, bank transfers, and a variety of other deposit options.

In numerous reviews across the globe, millions of investors and professionals have ranked it as the top crypto exchange for 2022.

eToro was formed in 2007 but just recently extended its doors to US investors. Traders from across the world, including the UK, Australia, and Europe, were already utilizing the site to trade crypto, FX, commodities, ETFs, and more.

Creating an eToro.com account simply takes a few minutes of your time. eToro’s design is basic and user-friendly compared to many other famous crypto exchanges. It’s a good choice for novices and experienced traders alike, thanks to its wide range of helpful features.

Visit eToro

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2. Crypto.com

crypto.com-platform

Popular cryptocurrency exchange Crypto.com offers a wide selection of digital assets and blockchain-related items to its customers. A wide range of currencies may be bought, sold, and traded by users, and trading costs are often cheap. It also provides bitcoin credit cards, a decentralized exchange, a stand-alone wallet, as well as an NFT marketplace under the umbrella of the firm. Users may also earn up to 14.5 percent interest if they stake their cryptocurrency or keep it in a Crypto.com wallet for a certain amount of time.

Crypto.com can be a suitable option for anyone who want to acquire and keep cryptocurrencies like Bitcoin and Ethereum. With strong trading volume or considerable holdings of the CRO currency, fees drop to as low as 0.40 percent. There are presently over 250 currencies supported on Crypto.com’s platform, which includes complex order types and the ability to trade crypto futures.

Visit Crypto.com

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3. Huobi

houbi-platform

Hong Kong-based Huobi Global is one of the most well-known cryptocurrency exchanges in the region. From spot trading to futures trading to crypto loans and yield products, Huobi offers a comprehensive digital asset ecosystem that was launched in 2013.

Beijing-based cryptocurrency exchange Huobi Global was established in 2013 to serve traders in the Chinese mainland and abroad. For Bitcoin dealers, it soon grew to one of China’s three biggest crypto exchanges, offering enough liquidity.

Huobi, on the other hand, was compelled to relocate its crypto trading services outside of China in 2017 due to China’s evolving regulatory environment. After that, the corporation moved its headquarters to Singapore and formed a new entity in the Seychelles with the goal of growing into other Asian countries and throughout the globe.

Visit Huobi

Your capital is at risk.

How to Invest in Altcoins

To trade cryptoassets on eToro, there are two basic methods of doing so:

Contracts For Difference (CFD) allow you to trade in the price fluctuations of cryptoassets without actually owning them (CFDs). Investors and traders may benefit from the price movement of a securities by using contracts for difference (CFDs).

Let’s have a look and see how these two methods compare.

Buy the Underlying Asset

Trading conventional money (US dollars) for crypto asset tokens like Bitcoin, XRP, or Litecoin is the only way to buy cryptocurrency and own the underlying asset itself.

In this case, eToro buys the token on your behalf and registers it into a separate account under your name.

You stand to gain if the value of your crypto asset increases throughout your ownership of it. You’ll suffer a loss, though, if the price drops.

The key benefit of this strategy is that you control the crypto assets. Therefore, the tokens are entirely in your possession and control. Using the tokens is as simple as putting them in your wallet, exchanging them for other crypto assets, sending them to friends, or using them to make purchases.

A $1,000 Bitcoin purchase may be used to pay for items at stores that accept Bitcoin.

Your crypto assets may be transferred to the eToro Wallet if you purchase the underlying asset on eToro. This is a multi-crypto, secure digital wallet that is simple to use. The eToro Wallet provides safe storage for your crypto assets, as well as the ability to transfer and exchange crypto assets across wallets.

CFD Trading

Using a CFD, you are basically betting on the asset’s future price movement without really owning it. Although you will benefit if the price of bitcoin increases by purchasing $1,000 worth of Bitcoin CFDs, you will not really own any BTC tokens. You can do this at platforms with perpetual futures pairs like Crypto.com.

The use of CFDs to trade cryptocurrencies has two key benefits. CFDs allow you to trade in either way – you have the opportunity to benefit from both upward and negative price changes.

For example, if you anticipate that the price of a cryptoasset is likely to climb, you’d initiate a BUY CFD transaction. If, on the other hand, you anticipate a decline in the value of a cryptoasset, you would sell a CFD contract (a strategy known as “selling short”).

You may also utilize leverage with CFDs to increase your exposure. It is possible to manage $1,000 with only $500 of leverage. This implies that earnings might be increased (but also the potential for higher losses). When trading CFDs, you don’t really own any cryptocurrency. In other words, you can’t put them in your wallet or use them to make purchases.

Why Buy Altcoins?

If you’re going to invest in crypto, and you have the time to do your homework, you should think about investing in altcoins. While Bitcoin is generally used as a store of wealth, certain altcoins have a wider range of applications than Bitcoin does. When it comes to cryptocurrencies, it’s possible that altcoins might experience a higher price rise if they catch on.

Investing in cryptocurrencies comes with a number of drawbacks. Investing in cryptocurrencies might be difficult since there are so many to choose from. Altcoins are more risky, and many of the lesser altcoins are either questionable investments or frauds..

To sum it up, if you’re a cryptocurrency trader who prefers to do their own research, you should look at altcoins. Cryptocurrency stocks are a better option if you’re searching for a lower-risk or less time-consuming investment. It’s important to keep in mind that taking on too much risk isn’t encouraged, so even if you decide to purchase alternative cryptocurrencies, they should only make up a tiny portion of your portfolio.

Risks of Buying Altcoins

Even though they might seem harmless, altcoins do have a couple downsides to them as well, especially in terms of risk.

The investment market for altcoins is much smaller than that for Bitcoin, meaning they’re going to be much less stable. A study that took place in 2021 stated that Bitcoin takes up around 42% of the whole crypto trading market. It is because of the lack of regulation and clear investing requirements that the altcoin market has low liquidity. As a consequence, compared to Bitcoin, the price of these cryptocurrencies is more volatile. Altcoins and their use cases are not always simple to differentiate, making investment choices even more complicated. We’ve also seen loads of Altcoins which were killed  out due to them not holding their initial success. “Dead” cryptocurrencies have been known to sink investor funds, and the more Altcoins come out, the more common it’s going to be for these coins to die out.

How Much Should You Invest in Altcoins

If you want to invest in Altcoins, you need to bare in mind that it takes good knowledge in order to understand how the market works. It’s also important to keep a close eye on your assets due to the high volatility. When it comes to how much to invest in these kinds of assets, it all depends on how much money you can dispose of. The best mentality to go at altcoins with is that where the money you invest is not a necessity for you to live, and it’s good to place it into your portfolio with the thought that you’re going to lose it all.

Not that it’s likely that anyone could possibly lose everything in an altcoin portfolio, however, it would not be a smart choice to put “necessity money” in these cryptocurrencies, since they can be surprisingly volatile. If you have an investment savings portfolio, it would be smart to split it in half between bitcoin and other altcoins, since bitcoin is a lot more stable, and can give you a vague idea on any patterns which other cryptocurrencies on the market can take after.

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FAQs

What is the next altcoin to explode?

Decentraland (CCC:MANA-USD), Flux (CCC:FLUX-USD), Ripple (CCC:XRP-USD), & Polygon (CCC:MATIC-USD), are four of the fastest growing cryptocurrencies across 2022.

How many altcoins are there?

There are approximately 20,000 altcoins on the market right now.

Is dogecoin an altcoin?

Dogecoin (DOGE), is an open-source, peer to peer crypto asset. It is deemed as an altcoin while also making it in the list of the biggest meme coins ever.

What are altcoins used for?

Altcoins are used for the same purpose as bitcoin, on a much smaller and more volatile scale. They’re made to use blockchain as a distributed public ledger which records incorruptible transactions through consensi that the transactions are legitimate.

Will altcoins go up?

Altcoins will not only go up, they will also go down, then they could go up again, and down again, and up again, and so on. No one could really possibly predict the future of any altcoin with 100% accuracy, however if there’s one thing we know for sure, it’s that people are making a lot of money through them.

How to find promising altcoins?

Finding the right altcoins to invest in can be tough. Best way to determine the safety, legitimacy and future of an altcoin is through online reviews, as well as reading their whitepapers, observing their market patterns, and looking deep into individual projects that have more than just a cryptocurrency to trade in their minds.

How to find promising altcoins?

Finding the right altcoins to invest in can be tough. Best way to determine the safety, legitimacy and future of an altcoin is through online reviews, as well as reading their whitepapers, observing their market patterns, and looking deep into individual projects that have more than just a cryptocurrency to trade in their minds.

What does altcoin mean?

The term “altcoin” or alternative coin, simply means any cryptocurrency token that is not bitcoin, but shares similarities with it like operating through blockchain ledgers.

Why altcoins drop when bitcoin drops?

BTC dominance can directly affect altcoins, as it showcases how much of the market's trading volume is in BTC vs. how much of the trading volume is in altcoins. Generally, if Bitcoin dominance is up, then traders recommend one has more of their crypto holdings in BTC than in altcoins

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