Top Picks for Altcoins to Gain Maximum Profit During the Cryptocurrency Boom in 2022
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Navigating the cryptocurrency markets can be a daunting task, as there are thousands of options beyond Bitcoin. But don't worry, we've got you covered!
We've handpicked 5 altcoins to invest in during this upcoming altseason (2022), offering the best potential return on investment without jeopardizing your hard-earned capital.
Let's first define what an altcoin really is:
What's an Altcoin?
Altcoins, or alternatives to Bitcoin, are any cryptocurrencies that aren't Bitcoin. The first and largest cryptocurrency by market cap is, you guessed it, Bitcoin. Altcoins have grown exponentially since the early days, with a multitude of sectors providing various value propositions when compared to Bitcoin.
Popular sectors today include privacy coins, currency, layer 1 smart contract platforms, Web 3, DeFi, NFT, storage, stablecoins, media, exchange tokens, interoperability and more.
If you're curious about the NFT sector, check out our how to buy NFTs guide, and take a peek at the write-up on MANA we've included below.
Now that we've set the stage, let's dive into our top picks:
Top 5 Altcoins to Invest in for 2022
1. LuckyBlock (LBLOCK)
Online gambling is booming, and LuckyBlock wants to revolutionize the industry with blockchain technology.
LuckyBlock is developing a decentralized betting platform running on the Binance Smart Chain, allowing gamers from across the globe to participate without geographical or financial restrictions.
Faster Prizes, Better Odds, and Transparent Fairness
LuckyBlock aims to bring transparency and fairness to gaming, increasing win odds for players while offering a solid investment opportunity for token holders. By reducing operational costs, LuckyBlock plans to distribute more funds towards prizes. Moreover, with blockchain-based records, you can rest assured that you won't lose your ticket.
Launching its lottery platform in Q1 2022, LuckyBlock has already been audited by Solid Proof.
Participate in the Presale!
The LuckyBlock Token pre-sale began on Dec 1, 2021, and runs until Feb 1, 2022. Get more information about the presale on luckyblock.com, or shoot [email protected] an email for additional details.
Join the LuckyBlock Community!
Stay in the loop by joining our community on the following platforms:
- Telegram: t.me/LuckyBlockChainTG
- Website: luckyblock.com
- Whitepaper: luckyblock.com/whitepaper
- Partnerships: LuckyBlock has teamed up with InsideBitcoins Inc.
Your capital is at risk
2. Ripple (XRP)
Ripple's XRP has emerged as a strong competitor for alternative crypto use cases to Bitcoin. The coin was designed for cross-border payments, and Ripple Labs, the company behind the token, has built an ecosystem to partner with financial institutions, payment companies, and consumers seeking cheaper ways to transfer money globally.
Despite the ongoing lawsuit with the U.S. Securities and Exchange Commission, many believe that Ripple is in a solid position for a favorable outcome, which could result in a substantial price surge.
Your capital is at risk
3. Ethereum (ETH)
Known as the "world computer," Ethereum is the leading platform for smart contracts. Smart contracts are self-executing digital agreements with the potential to automate various economic processes, such as DeFi or trustless social networks without centralized third parties.
This year, Ethereum has outperformed Bitcoin by 165% in price terms! As Ethereum continues to address its scalability challenges, it is poised to remain an excellent investment opportunity.
Your capital is at risk
4. Solana (SOL)
Solana is often referred to as an "Ethereum killer." This Layer 1 smart contract platform offers extremely fast transaction speeds, making it popular with developers and projects. One example is the trading system Pyth Network, created by Chicago trading firms to deliver lightning-fast on-chain market data.
With its mainnet launched in 2020 and experiencing a tremendous rise since then – up 1,402% against Ethereum and 3,872% against Bitcoin – Solana presents an attractive buying opportunity during this market downturn. Investors should consider using dollar-cost averaging (DCA) to even out their investments.
Your capital is at risk
5. Decentraland (MANA)
Decentraland is a virtual world where users buy virtual real estate, engage with one another using avatars, and participate in art galleries, music events, and more. Built on NFT assets, Decentraland represents a multi-billion-dollar opportunity in the metaverse, a space where the virtual and real worlds intersect.
As the metaverse market matures, business opportunities will only grow. While MANA has dropped 45% from its all-time high, it is considered an excellent entry point for investors looking to capitalize on this new computing paradigm.
Your capital is at risk
Learn more about investing in cryptocurrencies:
- How to buy cryptocurrencies
- Where to buy Cardano
- How to buy XRP
- How to buy Shiba Inu
Don't miss out on the upcoming altseason action; join our Telegram channel today!
Your capital is at risk
- Delving into online gambling with blockchain technology, LuckyBlock aims to revolutionize the industry with its innovative decentralized betting platform, LuckyBlock (LBLOCK), which runs on the Binance Smart Chain, offering a global platform without geographical or financial restrictions.
- Ripple (XRP) stands as a strong competitor for alternative crypto use cases to Bitcoin, designed for cross-border payments, and Ripple Labs, the company behind the token, has formed an ecosystem partnering with financial institutions, payment companies, and consumers seeking cheaper ways to transfer money globally.
- As a leading platform for smart contracts, Ethereum (ETH), known as the "world computer," continues to outperform Bitcoin in 2021 and remains an excellent investment opportunity due to its potential to automate various economic processes and ongoing efforts to address scalability challenges.
