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FX.co ★ Top 5 altcoins to buy in 2022

Top 5 altcoins to buy in 2022

Crypto strategists tirelessly monitor the prices of digital assets, believing that some projects will bring a handsome profit this year. Crypto analyst Benjamin Cowan highlights the 5 best altcoins to buy in 2022.

Top 5 altcoins to buy in 2022

Ethereum

Ethereum will maintain the status of the leading smart contract platform this year. According to Defillama, the value of Ethereum-based projects totaled $153.2 billion and then exceeded $165 billion in December 2021. Benjamin Cowan considers the second cryptocurrency to be the altcoin index. He assumes it will be bullish in 2022, driving other tokens up.

Top 5 altcoins to buy in 2022

Polygon

Polygon surged by 13,387% in 2021. The altcoin will show considerable growth and extend the bull run this year, Mr. Cowan believes. By late December 2021, the digital asset traded at $2.5. However, it then lost about 1% in value. Polygon is a layer two scaling solution for building Ethereum compatible blockchains. The altcoin uses the Proof-of-Stake (PoS) algorithm. The Polygon network boasts faster transaction execution and lower commissions when compared to Ethereum.

Top 5 altcoins to buy in 2022

Cardano

Cardano will skyrocket this year, crypto analysts say. The digital asset has already swelled 596% and keeps adding gains. The altcoin hit an all-time high of $3 in September 2021. Since early 2021, Cardano has advanced by 1,566%. According to Cowan’s estimates, the value of the cryptocurrency will increase after a correction in 2022. In December 2021, Cardano traded at $1.3 with a weekly gain of 1%. Its market capitalization rose to $42.9 billion. Cardano uses Proof-of-Stake (PoS) and is a platform for building decentralized applications (dapps) and smart contracts.

Top 5 altcoins to buy in 2022

Polkadot

The Polkadot token showed impressive growth in November 2021 and a correction phase began afterward. The altcoin hit the record high of $54, up by 650% since early 2021. The cryptocurrency may update its all-time high this year, according to Cowan. In December, Polkadot traded at $27.4, adding 1% in a week. Its market capitalization increased to $29.2 billion. The Polkadot project connects different blockchains under one network, allowing them to interact with each other.

The primary goal of the project is to create a single multi-chain application environment.

Top 5 altcoins to buy in 2022

Avalanche

The value of the Avalanche token exceeded $144 in early 2022. Since the beginning of last year, the cryptocurrency has surged by a record of 4,865%. This year, the altcoin will rise sharply and update its historic high, Cowan estimated. In December 2021, the digital asset traded at $103. Avalanche is an open-source platform designed to run decentralized applications (dapps) and work with enterprise blockchains.

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