Top 10 Altcoins to Invest in 2022

It is impossible to deny that Altcoins have outperformed our expectations in terms of returns. Due to the exponential demand, the cryptocurrency market has become a fantastic platform for investors to diversify their investment portfolios. Identifying the finest cryptocurrencies to invest in, on the other hand, could be a time-consuming effort for many. That is no longer the case. This Cryptoknowmics article will assist you in selecting the best of the bunch. Continue reading to learn about the top 10 Altcoins expected to show great performance in 2022. 

Top 10 Altcoins for 2022

The cryptocurrency industry has had an eventful year. Bitcoin saw a great run. With an almost 70% increase in price, the market capitalization of the crypto market briefly surpassed $3 trillion. However, Ethereum and a few other Altcoins also performed admirably, outperforming Bitcoin in most cases.

If you wish to invest in Altcoins in 2022, their scalability will be quite important. In 2021, Altcoins such as Ethereum 2.0 were successfully launched. As a result, medium and small-scale investors can increase their returns by investing in Ethereum or other Altcoins.

The best thing about Altcoins is that they are more affordable. Bitcoin prices are now so expensive that you wouldn't dare to buy it as a small or medium-sized organization's investor. So, here are the top 10 Altcoins for you to invest in 2022. 

Note: Altcoins are not given in any particular order, and the price and market cap of all the tokens are as per the research done for the article.

Polkadot (DOT)

The coin is trading at $29.4, with a global market cap of $29 billion. Polkadot (and its namesake crypto) intends to unify them by building a cryptocurrency network that connects the multiple blockchains. Since Polkadot's inception in 2020, this integration has sparked significant growth and may transform how cryptocurrencies are maintained. Its price increased by 925% from $2.93 to $30.04 between September 2020 and January 3, 2022.

2022 will be great for the token considering the price action for Polkadot. Moreover, English researcher Dr. Gavin Wood, the prime supporter of Ethereum, Polkadot, and Kusama, discussed what the Polkadot project accomplished more than 2021 and what lies ahead in 2022. He stated that Polkadot joins an organization of heterogeneous blockchains called parachains and parathreads. These chains interface with and are obtained by the Polkadot Relay Chain, and they can likewise associate with outside networks through spans. Binance Academy stated about Polkadot’s parachains and Relay Chain:

“An individual blockchain in the Polkadot ecosystem is called a parachain (parallel blockchain), while the main chain is called the Relay Chain. The idea is that parachains and the Relay Chain can easily exchange information at all times. You could think of parachains as being similar to individual shards in the planned implementation of ETH 2.0. Any developer, company, or individual can spin up their custom parachain through Substrate, a framework for creating cryptocurrencies and decentralized systems. Once the custom chain is connected to the Polkadot network, it becomes interoperable with all other parachains on the network."

Chainlink (LINK)

The coin is trading at $23.95, with a global market cap of more than $11 billion. Chainlink is that one digital currency that individuals have been looking at for a significantly long time. Its utility outside the crypto sphere alongside its broad reception in DeFi has prepared for a superb speculation opportunity. The Chainlink Network is driven by an enormous open-source local area of information suppliers, hub administrators, savvy contract designers, specialists, and security reviewers. The organization centers around guaranteeing that decentralized interest is ensured for all hub administrators and clients hoping to add to the organization.

Speaking about development and projects, decentralized oracle service Umbrella Network has sent off another gas pedal program for projects hoping to fabricate information pipelines to the digital currency market, an interaction that numerous inside the business accept is important to develop the arising areas of blockchain gaming, decentralized money (DeFi), and the Metaverse. Forecast (REP) and Band Protocol (BAND) are far-off second and third, individually, with an all-out worth of more than $170 million each. Umbrella Network, in the interim, has an absolute market worth of $19 million at the hour of composing.

Eric Schmidt, a former CEO of Google and leader at firm Alphabet, has joined arrangements supplier Chainlink Labs as an essential counsel.

As per last year’s declaration, Chainlink said Schmidt would direct the company's scaling system in its utilization of oracle networks to trigger savvy contracts. Chainlink fellow benefactor Sergey Nazarov referred to Schmidt's insight "building worldwide programming stages for cutting edge advancement" in the association's choice to welcome the previous Google executive ready. Therefore, this token deserves your attention. 

Polygon (MATIC)

The token is trading at $2.41, with a global market cap of $17 billion. Polygon and its MATIC token have risen to prominence in recent years, notably as a result of new projects. This is because, among other things, more blockchain applications are migrating from Ethereum to Polygon blockchain, owing to Ethereum’s high gas charge and transactions per second.

Polygon is a convention and system for constructing and connecting Ethereum-compatible blockchain networks. The structure provides one of the most astonishing levels of flexibility, which is a significant flaw in Ethereum and many other PoW blockchains.       

High interoperability, a low gas charge, sovereignty, and security are some of the additional advantages that users are interested in. With a growing number of developers opting for this platform in 2022, MATIC's price could skyrocket. This makes it an excellent cryptocurrency investment for the year 2022.

Defi has emerged as a well-known utility for the Polygon network because of its exceptionally low charges and moment irrevocability. This can carry a ton of reception to Polygon. And according to Bloomberg, Defi is presently an industry worth more than $100 Billion. Polygon reported on their authority blog that they procured the zero-knowledge startup Mir for $400m. The Mir group is joining Polygon and utilizing their innovation to assemble their new task - Polygon Zero, an exceptionally versatile, Ethereum viable ZK-Rollup. Therefore, the token has a lot to happen in 2022, which will give it good attention. 

Sandbox (SAND)

The token is trading at $5.53, with a global market cap of $5 billion. The Sandbox utilizes the power of blockchain innovation through its SAND utility token, which works with exchanges on the stage. The Sandbox is a novel stage since it acquaints blockchain innovation with the universe of gaming. The gaming business is a gigantic undiscovered market with regards to the reception of blockchain tech, and Pixowl saw that in 2011.

Sandbox announced the possibility of a potential association with Adidas on 23rd November 2021. The reaction from Adidas has been empowering, as proven by the accompanying tweet. As is apparent, should this partnership appear, it would bring about a rewarding bonus for the two players, subsequently reinforcing the bull case for the SAND coin.

PwC Hong Kong, a worldwide auxiliary of the worldwide PricewaterhouseCoopers (PwC) association, reported Thursday its rise in the metaverse space with the obtaining of LAND in the famous world The Sandbox. However, the expense of its LAND resource was undisclosed, it was noticed that PwC Hong Kong expects to build a Web 3.0 warning center to work with another age of expert administrations, including bookkeeping and tax collection.

A chief operating officer of The Sandbox Sebastien Borget shared his excitement for the acquaintance of PwC Hong Kong with the stage:

"The metaverse is open for business. We welcome PwC Hong Kong to experience how The Sandbox fosters new immersive experiences and ways for brands to connect with customers.”

Terra (LUNA)

The token is trading at $84.1, with a global market cap of $30 billion. The symbolic worth had expanded by more than $8 at the time of this writing, as per Coinmarketcap.com. The market esteem had additionally expanded by more than $2 billion during the same time.

LUNA has been one of the most mind-blowing performing digital forms of money in 2021. The coin has added over 13,800% to its worth in recent months, beating the vast majority of main digital currencies. Because of its assembly, LUNA is presently the 10th biggest digital currency by market cap.

Toward the beginning of the year, LUNA was exchanging at $0.65 per coin. Nonetheless, it added almost 14,000% to its worth and is set to end the year exchanging over the $80 mark. LUNA can ascribe its gigantic development to the developing reception of decentralized money projects.

During those periods, the Terra blockchain was becoming home to a portion of the main DeFi conventions in the space. Anchor is the main DeFi project on Terra, and the TVL of the undertaking developed from $540 million in April to as of now remains above $8 billion.

The Terra blockchain likewise became host to other driving DeFi projects, including Lido, Astroport, Terraswap, Mirror, Stader, and a few others. On December 2, the total value locked on DeFi conventions on the Terra blockchain hit $11.9 billion. The achievement drove LUNA to hit another unsurpassed high above. Therefore, with growth like this, this coin deserves your attention this year. 

Cosmos (ATOM)

The token is trading at $41.3, with a market cap of $9 billion. The main issue for some in the crypto business fixates on the degrees of fracture seen in blockchain networks. There are hundreds in presence, yet not very many of them can speak with one another. The crypto universe means to flip this completely around with the help of ATOM.

The Cosmos Hub is fueled by a Proof-of-Stake mechanism and uses ATOM as its local digital currency. This implies that exchange validators across the organization are chosen depending on how many atoms they promise to the activity of the Cosmos organization. The most common way of devoting money to the activity of the blockchain is called marking. The Cosmos network is also known as the 'Internet of Blockchain.' 

The Cosmos network allows developers to continually add new chains to the hub, each with its own set of features. This results in a vast network of chains that are constantly communicating and exchanging data in real-time. This is similar to the Internet-of-Things (IoT) idea, in which all items in a network are connected and make adjustments on their own to improve the system's overall performance. As a result, Cosmos has been dubbed the 'Internet of Blockchains.' Therefore your money will be much safer here. 

Solana (SOL)

Solana (SOL) is the most recent blockchain to enter the market. The blockchain achieved a transaction rate of 50,000 transactions per second, making it the world's fastest blockchain. The team is working on a platform to overcome Ethereum's restrictions, and they've already solved the scalability and cost issues in less than two years.

Solana has several goods planned for 2022, including the full launch of its primary net. The test launch is still ongoing, with a complete launch expected in 2022. It's also working to lower gas prices and expand its scalability. The team has also reported that its NFT and smart contract programs are progressing.

Solana had a fantastic year in 2021, with investors experiencing 45,000 percent gains, propelling Solana into the top ten cryptos. Solana has a one-of-a-kind blockchain that combines 'proof-of-stake' and 'proof-of-history.' This means that transactions are processed in the order they are received, resulting in extremely fast and low-cost transactions. Solana is now considered as a direct competitor to Ethereum, which faces losing its status as the world's second-largest cryptocurrency unless its 2.0 launch goes smoothly.

FXStreet.com's Sarah Tan expects Solana will touch $261 soon, while coinpriceforecast.com has even higher hopes. By the end of 2022, they expect Solana to be worth $428. In 2022, Solana's price is expected to increase by 189 percent, according to this forecast. Solana has had a fantastic year, with a rise of over 9000 percent. Solana's gains were concentrated in August and September. Solana was trading around $1.50 on January 1st. Solana currently controls more than 2% of the overall crypto market. In terms of market capitalization, it is the fifth-largest cryptocurrency.

The group has guaranteed more items on the Solana ecosystem with the constant update of shrewd agreements. More items will be sent off in 2022, and updates of the current ones to keep blockchain serious.

Enjin Coin (ENJ)

The coin is trading at $2.73, with a global market cap of $2 billion. Enjin is a forerunner in the Ethereum NFT market, with its ERC-1155 contract allowing NFTs to upgrade.

"This contract is used by many gamers for in-game characters and things. They've collaborated with Microsoft on several projects, including the game Minecraft. Enjin is a bluechip coin in the NFT infrastructure market that is worth keeping an eye on shortly,” Tykhe Block Ventures partner Ishan Arora.

Enjin has a market valuation of $2.2 billion, making it the 62nd most valuable cryptocurrency in the world. Furthermore, ENJ-USD has climbed 124% in the last three months of 2021, from a low of $1.203 on Sept. 27 to $2.71 on Dec. 6. And this is after it hit a high of $3.50 on November 5th. So, Enjin has had a wild journey recently. Enjin's ability to deliver value to NFT shareholders is most likely one of the key causes for this massive increase. Let's take a closer look at this.

If that wasn't enough, Enjin just announced the formation of the Efinity Metaverse Fund on November 4th. This fund will raise $100 million to assist the expansion of its network and the 'ecosystem partners' it works with. This appears to be referring to Enjin's Efinity NFT blockchain, which is based on Polkadot. This $100 million investment will come from crowdfunding to help Efinity with its Polkadot chain auction bidding. The purpose is to encourage organizations that help Enjin integrate with Efinity, its Enjin wallet, and the NFT.io marketplace for Efinity NFTs. Therefore, such projects can give a huge push to the token price. 

Render Token (RNDR)

The token is trading at $5 and holds a market cap of $940 million. Render Token (RNDR) is a distributed GPU rendering network created on the Ethereum blockchain to connect artists and studios in need of GPU computing capacity with mining partners willing to rent out their GPU capabilities. RNDR is an ERC-20 utility currency that artists use to exchange for GPU computation capacity from GPU providers on the network (node operators). After more than a year of failing to get traction, RNDR began to gain traction at the same time that Bitcoin led another major rally, this time with Render Token fully participating. The rally began in early November and took it higher than it had ever been before, reaching an all-time high of $8.76 on November 21, 2021.

Render Network, which allows digital artists to pay for pooled computer rendering capacity, announced in a press release that it plans to quadruple its staff, strengthen its 'rendering engine' integrations, and prepare for non-fungible token issuance as it expands its community. Rendering is the process of using a computer program to create a photorealistic or non-photorealistic image from a 2D or 3D model.

"We have just 10,000 artists hooked in out of potentially tens of millions," founder Jules Urbach said.

He's also the founder and CEO of Otoy, a rendering software startup that works closely with the Render Network. 

Essentially, the project aims to assist artists in creating stunning, movie-quality videos without the need to invest in the necessary equipment. And, given how far the project has come in such a short period, the prospects appear to be exciting. For the time being, all we can say for sure is that the project has a lot of potentials and is worth keeping an eye on in the coming days.

Aave (AAVE)

The coin is trading at $254.9, with a global market cap of $3 billion. Aave is a decentralized finance protocol that enables users to lend and borrow cryptocurrency. Depositing digital assets into specially designed liquidity pools earns lenders' interest. Borrowers can then use this liquidity to take out a quick loan using their bitcoin as collateral. The idea allows users to borrow and lend in around 20 different cryptocurrencies, giving them more options.

Aave, a DeFi money market platform, has disclosed plans to offer a new mobile wallet for consumers in 2022 to accelerate its growth. To scale its business, it plans to expand to Curve Finance and SushiSwap. In reality, extending the AAVE protocol could increase Aave's user base while also encouraging on-chain activities.

A cross-chain governance bridge was just launched by the protocol's origin team. This will make it easier for the protocol to be regulated across various networks from the mainnet. Furthermore, the AAVE community is trying to provide gasless voting and make governance accessible to all network users. Overall, AAVE appears to be gaining traction, especially in terms of ecosystem-centric innovations, with a set of targets for the first quarter of next year.

V3, an open-source protocol targeted at capital efficiency, risk reduction, and cross-chain bridging, has begun development by the AAVE team. Aave's 2022 agenda also includes gasless voting and more inclusive governance. Many believe this will propel AAVE to close the over 60% difference between its ATH and press time price.

Conclusion

These Altcoins are expected to give you profitable returns this year. In 2022, crypto investors should expect pricing for digital tokens to be highly volatile once more. Throughout 2021's trading, the aggregate combined value of cryptocurrencies nearly tripled, setting great expectations for this year. While some cryptocurrencies may continue to appreciate due to the strength of their underlying apps and services or sustained speculative momentum, the risk profile in the market appears to have increased. After such a strong performance in 2021, there's a lot to prove in the new year, and investors are advised to be cautious about the crypto tokens they invest in.