10 Best Alt coin to Buy or Invest in August 2022
As the crypto market recovers from the massive fall, many investors are looking for fresh investment opportunities. With specific projects being recognized as leaders in their respective fields and with other coins still struggling to make a comeback, now is the time to invest in cryptocurrency. This article will be going over the 10 Best Altcoins that are sure bets for future success.
Altcoins are cryptocurrencies that don’t have the backing of any significant financial institutions. That means there is more risk involved for investors. However, some of these coins have been created to disrupt the current status quo in their respective industries.
Given the ever-changing market, it is difficult to predict which altcoins will be popular on any given day. Therefore, it will be up to investors to identify which altcoins are worthy of investing in and if not, then sit this one out for now.
Why invest in Altcoins?
As a general rule, you should only invest in Altcoins if you feel confident about your research and analysis skills. You can also use these Altcoins as hedges against the significant currencies vulnerable to economic or political surroundings. The first thing you should never forget is diversifying your investment portfolio.
Because of the volatility of cryptocurrencies, you should diversify across various Altcoins in the market. If a coin is still struggling to recover from its recent dip, you can wait before investing in it again.
Top 10 Cryptocurrency to Invest in 2022
So here goes a list of 10 Best Alt Coins to invest in August 2022
Ethereum Classic (ETC) – 476% Gain in 2017-2018
Ethereum Classic (ETC) belonged to the Ethereum cryptocurrency family and was derived from the Ethereum platform. ETC is one of the few cryptocurrencies that have primary crypto exchange backing. In 2017, it shared a contentious relationship with Ethereum because its blockchain suffered from many bugs. However, after overcoming these flaws, ETC has become one of the most stable and promising altcoins in 2018.
It is known as the original version of Ethereum and was created by Vitalik Buterin in 2016. The crowd sale for ETC was held twice as compared to that of Bitcoin (BTC) at 26–27 million coins each time. When the Ethereum hard fork happened in 2016, a third branch known as Ethereum Classic emerged, which differed from both BTC and ETH.
This difference can be seen in the origin of the Ethereum Classic. It was built on the Ethereum blockchain and is derived from the original blockchain ‘ETH.’ Today, ETC has gained popularity due to its relatively stable foundation, good use cases, and security measures implemented on the ETC network.
Even though the cryptocurrency market has lost more than 30% in value from late-2017 to early-2018, this hasn’t dented its status as one of the most promising altcoins to invest in 2018.
Decentraland (MANA) – The New Virtual Reality Ecosystem. Decentraland is a virtual world that runs on the Ethereum blockchain. It is a world created by its users, which can be viewed from different portals worldwide using HTC VIVE, Samsung Gear VR, and Oculus Rift. The portal lets you roam around in the virtual city, explore different areas, and meet other players. Players can also create their crypto property and earn MANA tokens for providing real-world value to their creations.
Decentraland is still in the development stage, and there are numerous projects, including decentralized exchanges on this platform. In addition, the cryptocurrency ERC20 tokens will be available on the platform soon.
Civic (CVC) is an identity verification company based in San Francisco. It is classified as a decentralized network that uses blockchain technology and biometrics to verify the identity of users. In addition, it allows users to store, manage and access their data – all in a secure environment. This has led to numerous partnerships with big companies such as Uber, Airbnb, OKCoin, etc. These partnerships have helped Civic attract over 24 million users from various parts of the world.
So far, Civic has been successful in its ICO process, where it raised $33 Million in less than 30 seconds.
Dan Larimer announced the EOS project in May 2017, and by October, it had almost $200 million in its ICO. This project is one of the most ambitious projects in the cryptocurrency market today. It is a platform designed to support decentralized applications and can be used to launch ICO tokens.
Furthermore, the platform has been designed to host millions of users and millions of transactions per second. This is a difficult task, but it might just succeed with the right team behind the project.
Hedera Hashgraph (HBAR)
Hedera Hashgraph is a cryptocurrency, also known as HederaCash, designed for the modern business world. It allows large amounts of transactions to be created and verified in seconds using its technology. This makes it ideal for small to medium-sized businesses and internal projects without the need for expensive financial institutions or regulatory compliance concerns. The only downside is that this coin isn’t top-rated, so it has a low market cap and trading volume, making it hard to buy or trade.
This coin can get much more popular if investors see the value potential of this cryptocurrency in the future. With a 2.5 billion USD market cap, a market cap of only around 10 million USD, and improved technology, this coin has a lot of potentials. You can find out more about this cryptocurrency at their website.
Litecoin is a cryptocurrency that was created back in 2011 by Charlie Lee. It is one of the first cryptocurrencies to be created and is currently one of the top six in the market cap. Its appeal comes from its high liquidity. Its trading volume is around 2 billion USD per day, making it one of the most popular cryptocurrencies on the market right now.
Cryptocurrencies tend to be very volatile, with price swings that can make for great returns if you know how to buy low and sell high. For example, Litecoin has already seen 6x returns this year alone. This shows that it can be a great coin to invest in if you know how to manage your risk correctly by buying low and selling high.
Ethereum is one of the best-known, most popular, and most widely used cryptocurrencies today. It was created in 2015 by Vitalik Buterin and is based on his original creation called “Bitcoin 2.0”. Its main appeal to investors comes from its technology, which can be used to build decentralized applications directly into the blockchain. This technology means that external applications or services are not needed, offering lower costs and increased security.
This is the cryptocurrency that many other altcoins are compared to because it initially had such a high market cap that helped it quickly rise in popularity.
Cronos is a blockchain-based platform that supports the creation of smart contracts. The platform includes a crypto wallet, trading system, and marketplace for buying and selling goods. The CRO coin can be used to pay for the services provided by the platform and is an ATS token. Cronos is a cryptocurrency that focuses on medicinal plants and cannabis specifically. As medical marijuana becomes legalized across more states, we could see this coin skyrocket across the board.
CRONs are currently at $3 each, making it an inexpensive entry point for most investors who want to get into this quickly growing industry.
If you’re looking to buy CRON, here are the few sellers on cryptocurrency-otc, but keep in mind that many other sellers are out there.
Cronos (CRO) cryptocurrency has gained much attention recently due to its recent price surge from $4 at the start of January 2018 to an all-time high of $30 on January 26th, 2018.
Cronos was released in 2014, the year in which medical ma*ijuana was legalized in Canada. In 2018, medical marijuana became legal in many states across the US. Still, according to CNBC news, over 1 million people are already registered in California alone who want to benefit from it.
Ripple, sometimes referred to as “Ripples,” is a real-time gross settlement system that uses blockchain technology. XRP began trading on exchanges in 2014 and currently has a market cap of $18.9 billion and more than 90 million registered accounts with HSBC, one of the largest banks in England and Wales.
Despite being immensely valuable, Ripple only needs 1 billion coins to support global transactions – unlike Bitcoin, which needs 2 trillion coins. As a result, Ripple is a functioning payment system for banks worldwide. In addition, it uses blockchain technology to enable its users to make faster cross-border payments.
It’s also worth mentioning that its currency XRP has gained enormous popularity and has become more prominent every day. Ripple has taken the idea of sending money across borders pretty seriously. The main aim of this company is to disrupt how cross-border payments are handled at present.
This allows banks to send payments in real-time while also reducing their costs. As a result, it’s relatively easy to buy XRP today. You can do it in three simple steps. Firstly, you can buy Bitcoin or Ethereum using an exchange service such as Coinbase or CEX.io.
Once you have some Bitcoins and Ethereum, transfer them to an exchange platform like Binance or Bittrex. These platforms allow you to exchange your BTC/ETH for XRP (the step-by-step process is explained below).
Nano (NANO) is a cryptocurrency that has achieved incredible popularity over the past year. It was only released in 2017, so it’s still too soon to see whether or not this project will last. Nano is unique because it uses a technology called Directed Acyclic Graph (DAG), the world’s first blockchain that doesn’t use a Blockchain as its backbone.
Nano is a digital payment network with low transaction fees and instantaneous transactions. It is trendy in Venezuela and Africa. The design of Nano’s blockchain has been created so that it will be able to scale based on its volume at any given time through the use of block lattices – this means that you can increase or decrease your transaction speeds according to how necessary they are at any given time.
Nano has created a community around its coin by focusing on development, funding for projects, and creating a solid reputation as an open-source platform. There’s no doubt that Nano has brought great things to the blockchain space, and it will continue to do so.
Many people think that things change too fast with cryptocurrencies and look for projects like this where they can invest without worrying about speculation and market fluctuations.
Open-source projects are important because they don’t require trust and improve human life. The most important thing is to focus on the technology itself and not the business model. Don’t invest in a project if you have no idea what this project is trying to achieve or how it will affect people. When you are investing in an open-source project, it means you are investing in the future of humanity.