Best Altcoin To The Moon Buy In 2022 - Fatima Coeg
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Best Altcoin To The Moon Buy In 2022

 If you are here — reading this article, you must have realized the huge potential that lies in store for the cryptocurrency market in 2022. With the number of cryptocurrencies available, it is normal to wonder what is the best coin to invest in. After all, we all want a bang for our buck, don’t we?

You might have missed your chance with Bitcoin when it was trading at just US$50 back then, but trust us, you need not feel low over a lost opportunity because there are some amazing Altcoins out there. 

What are Altcoins?

Altcoins are basically cryptocurrencies that are an alternative to Bitcoin. While Bitcoin is considered the 1st generation cryptocurrency, Altcoins fall into the second and third generations of cryptocurrency. 

In fact, some altcoins are doing wonders to bridge the gaps that Bitcoin has. And, that is why Altcoins are highly valued. 

So, we have curated a list of the top 5 Altcoins to buy, and number seven is our personal favorite! 

Which Altcoins to Buy in 2022? (Not financial advice)

1. Polygon (MATIC)

What is Polygon (MATIC)?

2022 could be the year for Polygon, and there is a lot of buzz around this Altcoin. And everything about Polygon turkey justifies the attention it’s getting.

How does Polygon work?

Polygon is a layer-2 network that supports the Ethereum blockchain to unclog the Level-1 Ethereum platform — at high speed and low cost. The network’s native currency ― MATIC is used for staking, paying fees on the network, and governance. It is an ERC-20 token that runs on the Ethereum blockchain and uses a proof-of-stake consensus mechanism.

Polygon News and Updates

Raiinmaker joins hands with Polygon to deploy MATIC and NFTs for launching Create to Earn™. This partnership would enable Raiinmaker’s users to earn crypto and NFT rewards, while the Polygon family can access Raiinmaker’s Create to Earn™ ecosystem.

Sequoia Capital has invested USD450 million in Polygon Network with the goal to get its hands on Web3 when it is still at a nascent stage.

House of Kibaa, a subsidiary of Looking Glass Lab has partnered with Polygon to tap into NFT based initiatives, increase scalability, and seek various infrastructural solutions.

Why should you buy Polygon?

Polygon is the best bet for solving the scalability issues faced by Ethereum Blockchain.

Currently, Polygon is the best bet for solving the scalability issues faced by Ethereum Blockchain. Developers who want to use the Ethereum blockchain and get the benefit of multi-chain support for their projects find resorting to Polygon to be the best option. If you want to start accumulating Polygon Matic coins, the best strategy to invest in Polygon is to buy the dip whenever the Fear and Greed Index is in the extreme fear stage.

Polygon’s market cap and growth

Polygon’s market cap is still below US$17 billion and its price is less than US$2.5 at the time of writing in Jan 2022. 

This can be a good thing because the time is still ripe to invest in Polygon. Don’t be surprised if Polygon Matic turns out to be the multi-bagger altcoin of 2022. 

2. Algorand (ALGO)

What is Algorand?

Algorand is a two-tired, permissionless, open-source blockchain that uses a Proof-of-stake consensus mechanism. 

Algorand is built to solve the blockchain trilemma by adopting unique ways from its peers with similar objectives. This has attracted a lot of private funding from big investors. One can stake and earn rewards with ALGO, the utility token of Algroland. What stands out with ALGO is that every time new ALGO tokens are introduced, they are distributed to the system’s existing currency holders. 

How does Algorand work?

Algorand is a two-tired, permissionless, open-source blockchain that uses a Proof-of-stake consensus mechanism. 

Algorand’s PoS is one of its kind for having deployed a random selection process where validators are randomly selected to validate the next block. 

It uses VRF (Verifiable Random function) — a unique and sophisticated cryptographic tool that selects the nodes randomly. It is indeed a low-cost, high-speed, and environment-friendly alternative to Ethereum and Bitcoin.

Algorand News and Updates

Algorand is establishing a USD20M funding initiative programme for making the network compatible with Ethereum.

The new tech update on Algorand network improves the functionality of smart contracts and cross chain interoperability.

Algorand Foundation welcomes ITs new CEO — Staci Warden, who has played major roles in big financial institutions like JP Morgan, Nasdaq stock exchange and the U.S Treasury Department.

Why should you buy Algorand?

Algorand’s model is not the only reason for considering investing in it, but also the fact that it plays into people’s sentiment. With huge proponents of preserving the climate, Algorand has a sentimental edge as it has achieved Carbon negative status, unlike Bitcoin. 

Algorand’s market cap and growth

Algorand’s market cap is at US$9 billion currently as of January 2022, and 2022 could have a bigger impact on its market cap.

3. Avalanche (AVAX)

What is Avalanche?

Talk about underrated Altcoins, and Avalanche tops the list. Avalanche is a proof-of-stake (PoS) blockchain and smart contract platform. It aims to solve scalability issues — one of the important blockchain issues that are prominent at present. 

Avalanche swears by its lightning-fast speed at a cost lower than most of its peers. It has currently managed to achieve a throughput of 4500 transactions per second (TPS).

How does Avalanche work? 

Avalanche is a proof-of-stake (PoS) blockchain and smart contract platform. It aims to solve scalability issue

Avalanche has deployed Ava Labs designed — Snowball as its Proof-of-Stake mechanism. Users can validate transactions by staking AVAX. 

Users will have to stake a minimum of 2000 AVAX to participate in consensus or delegate their AVAX to another validator. ‘X-chain,’ ‘C-chain,’ and ‘P-chain,’ are the three blockchain infrastructure utilized by Avalanche. 

Through the deployment of these numerous blockchain architectures, it enables the creation of blockchain networks that are customizable and interoperable, and host decentralized applications (dApps). 

Avalanche News and Updates

Alameda-Backed Router Protocol has announced its integration with Avalanche aimed to propel towards a “multi-blockchain future.”

Wirex payment ecosystem which has 4.5M users can now access the Avalanche blockchain.

Avalanche that was worth USD25 million was racked up in spite of global unrest due to the Russia-Ukraine tensions.

Why should you buy Avalanche?

Avalanche would be a stellar investment considering the surge in dApp projects which ticks developers’ criteria of a low-cost, scalable blockchain.

Avalanche’s market cap and growth

Avanlanche’s market cap is US$21.8 billion as of January 2022, which is way undervalued than that of its peers. And investing in undervalued altcoins can be another strategy smart crypto investors do. 

4. Litecoin (LTC)

What is Litecoin?

Litecoin is like that younger sibling who constantly tries to be better than the older one. In this case, Litecoin is indeed better in so many ways when compared to its sibling — Bitcoin. 

The founders of Litecoin and Bitcoin are not the same, so you might be wondering why we are calling them siblings! It is because Litecoin was built on the base of Bitcoins code and improvised a lot of aspects that were lacking in Bitcoin. It improvised transaction speed and scalability. 

How does Litecoin work? 

Litecoin works on a proof-of-work consensus mechanism, where miners have to validate each block. LTC is the token of Litecoin and has a maximum supply of 84 million. 

LTC can do without any middleman such as an exchange platform for instance to be exchanged for other currencies. LTC can be exchanged peer-to-peer as it is Atomic Swap compatible. 

Litecoin News and Updates

Digital currency group took to twitter to announce a USD250 Million Share Repurchase Program for Grayscale Litecoin Trust ($LTCN) and other Grayscale Products on twitter.

Why should you buy Litecoin?

Litecoin is a great investment as its proof-of-work mechanism attracts a lot of miners to its network. 

Litecoin is a great investment as its proof-of-work mechanism attracts a lot of miners to its network. The team is constantly working on bettering the network, and investing in Litecoin would be like investing in the silver of the crypto world. 

Litecoin’s market cap and growth

Litecoin’s market cap is US$9 billion as of January 2022, and it is one of the oldest Altcoins out there, but it’s just an ageing wine that only gets better with time.

5. Chainlink (LINK)

What is Chainlink?

Chainlink is a decentralized network that is powered through oracle — a decentralized data provider. The issue that is faced with smart contracts is that to execute their terms, most of them have to utilize an external data source. 

Chainlink wanted to be the golden gate bridge between blockchain and the real world. Props to Chainlink for having extended the smart contacts’ abilities by making the accessibility to the real-world easier and quicker. 

Its abilities extend to even events and payments without having to compromise on the security, and reliability of blockchain technology.  

How does Chainlink work? 

Chainlink works on the purchaser and provider dynamics.

Chainlink works on the purchaser and provider dynamics. Purchasers will specify the data they need to procure and providers have to bid to deliver the data by staking LINK tokens. 

The Oracle reputation system weighs the data provided, and the oracles can be modified to keep up with the dynamic technology changes. Chainlink News and Updates

Chainlink adds Bahrain Telco to its list of big Node Operators and joins the family of Deutsche Telekom and Swisscom.

Oddbox has announced its integration of Chainlink Verifiable Random Function (VRF) to provide users with transparent and fraud-proof experience on its platform.

To enable smart contact, an access to verified greenhouse gas (GHG) data, Hyphen — a decentralized climate data provider has launched a Chainlink decentralized oracle network (DON).

Why should you buy Chainlink?

Chainlink is undoubtedly one of the smart altcoin investments. After all, a prudent investor would sail the same boat as the big players. 

Global giants like Google and SWIFT, and popular cryptocurrencies like Synthetix and Polkadot have partnered with Chainlink. And, Chainlink will sweat it to quench their thirst for more such partnerships. So, you can imagine the tremendous growth potential for this amazing altcoin.

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