10 Best altcoins to Invest in 2022 for Long-Term | Buy today & hold for 5 years
One cannot deny that altcoins have outperformed our expectations in terms of returns. As a result of the exponential demand, the cryptocurrency market has become an excellent platform for investors to diversify their investment portfolios. Identifying the best cryptocurrencies to invest in, on the other hand, could be a time-consuming task for many. Not any longer! This article will assist you in selecting the ten best altcoins to invest in 2022.
Remember, crypto trading is one of the most popular ways to make money. Still, it is highly volatile, making it extremely risky. We can find many more names in this list to invest in the market, with various popular Cryptocurrencies like ETH, XRP, and others. Experienced digital currency investors are fully aware of how these coins function. Therefore, it may be beneficial to people in the appropriate method.
1. FTX Token(FTT)
The FTX Token stands out among the most significant cryptocurrencies since it serves as the native token for the very successful FTX platform. This crypto derivatives platform debuted in 2019. Lately, the company has received much media attention after receiving a $25 billion value in a private investment round in October, up to $7 billion from only three months before. In addition, a recent “60 Minutes” feature on the company has also helped the company garner widespread recognition.
FTT is a non-Bitcoin cryptocurrency known as an altcoin; the token has gained about 1,000 percent so far in 2021 and has a market worth of more than $7 billion.
2. Feed Every Gorilla (FEG)
FEG coin appears to be another name on the list of the top altcoins to invest in 2022 for long-term gains. The FEG token is designed to enable a decentralized transaction network that runs on the Ethereum blockchain (ERC-20) and the Binance Smart Chain (BEP-20).
First and foremost, FEG is working to create intelligent decentralized finance. Decentralized financing has exploded in the previous 12-18 months. The total assets locked up in decentralized finance are expected to exceed $200 billion. The possibility is tremendous, with FEG expecting to offer additional progress and innovation.
Furthermore, with a current supply of 42 quadrillions, FEG is a hyper-deflationary token.
While supply is plentiful, both the Ethereum blockchain and the Binance Smart Chain are constantly being burned. Each transaction generates a burn rate of about 1%, which reduces the supply over time. Furthermore, holders are rewarded with a 1% tax on each transaction. This may not appear substantial in the near term. Still, it will be essential if the FEG coin generates multi-fold returns over the following 6-12 months.
3. DogeCoin (DOGE)
It gained popularity through the use of online memes, which further converted digital currency. It tells individuals that they may make a lot of money from it. Doge has a market valuation of roughly $1 billion. It was introduced in 2013, and the fee for each transaction is relatively cheap, about 0.03 USD. Doge’s return in 2020 was roughly 118 percent. Billy Markus, an IBM software developer, created this coin in 2013. It began as a meme joke and quickly grew in popularity.
This coin’s popularity increased by an astounding 85,000% in 2017. It debuted its new entertainment on the internet, which promptly lost 98 percent of its worth. Elon Musk, the Tesla CEO, talked about giving this coin a 200 percent bump in late 2020. The currency was able to reach a significant height in 2021. It aids in acquiring better payment processing choices, increasing the coin’s popularity by roughly 1000 percent, and can be the best altcoin to invest in 2022.
Celsius, which has a market valuation of $1 billion, is the next worthwhile coin to invest in digital currency. It was introduced in 2018, and the cost per transaction is relatively low, with a return of 3717 percent in 2020. Earlier in 2018, this coin was noticed with a $20 million crowdfunding campaign to develop a digital currency lending platform.
The network seemed to have wiped off 6.2 billion USD in debts, transforming the bank’s currency into a stable decentralized currency. When other coins fail in the market, Celsius has recently emerged as one of the most important coins. However, Celsius is known to have significant hazards since some loans from corporations like Lehman Brothers, and Bear Stearns were capable of fast sinking your battleship. Furthermore, this currency has been thoroughly tested and may be used to pay off loans.
VET is a Blockchain-based platform designed to improve supply chain management and other business processes. The goal of this platform is to use DLT to simplify things for complicated supply chain systems. It has two tokens: VeChain Token (VET) and VeChainThor Energy (VCE) (VTHO). This VeChain token is worth $0.126.
The current market cap is around 8.21B. At the same time, the supply is limited to 64,315,576,989 VET coins, with a maximum collection of approximately 64,315,576,989 VET coins. It is mainly found on all of the prominent digital currency exchanges. It comes with $100,000 in digital currency and is completely risk-free.
6. Yield Guild Game(YGG)
Yield Guild Games, a cryptocurrency that is newer but more speculative than others on the list. None of the preceding options are outside the top 10 names in market value, but Yield Guild Games is just outside the top 250. With a price history stretching back just to late July, YGG and its $475 million market value aren’t for the faint of heart, but the project’s ambition makes it an intriguing speculative investment.
YGG is a decentralized autonomous organization that has developed a community of virtual economy online gamers and investors. It invests in NFTs and divides the profits from renting out these virtual assets among its “guild members.” YGG is up more than 600% from its all-time low, which occurred immediately after the company’s inception, around three months ago. With its strong fundamentals, it is believed that YGG will explode in the upcoming years.
7. Strip Finance(STRIP)
Strip Finance will become more critical as the non-fungible token (NFT) sector grows. According to the initiative, the ever-increasing transfer and value of NFTs are posing a liquidity difficulty in the market. Strip Finance plans to solve this issue. Strip Finance, in a nutshell, is an NFT-as-a-collateral borrowing and lending marketplace.
From the standpoint of borrowers, the platform assures that NFT collectors do not have to liquidate their assets to get stable-coin. In addition, the platform provides a means for lenders to earn interest. Finally, it’s worth mentioning that the initiative received $1.5 million in venture capital funding in October 2021. The money will go toward project development and user acquisition. The token has a restricted quantity of 50 million units, making itself the best altcoin to invest in 2022 for long-term investment.
With a rising number of initiatives and investor interest, there is little question that the NFT space is expanding. Strip Finance tries to solve a critical issue. With a compelling use case, the project is worth pursuing in the long run.
Litecoin, which debuted in 2011, was among the first cryptocurrencies to follow in the footsteps of Bitcoin and has been termed the “silver to Bitcoin’s gold.” It was designed by Charlie Lee, an MIT graduate and former Google developer.
Litecoin is built on an open-source global payment network that is not centralized and uses “scrypt” as a proof of work that can be decoded using consumer-grade CPUs. Litecoin is similar to Bitcoin in many aspects, except it has a quicker block creation rate and offers faster transaction confirmation time. Aside from developers, there is an increasing number of shops that take Litecoin. Litecoin has a market capitalization of $14 billion and a per token value of roughly $198 as of November 2021, making it the world’s fifteenth-largest cryptocurrency.
Cardano’s blockchain was established through considerable testing and peer-reviewed research by the Cardano team. The project’s researchers have published over 90 papers on blockchain technology, covering a wide range of issues. 10 Cardano is built on this study.
It only took three years for this currency to reach a market capitalization of ten billion dollars. In addition, the low-value transaction costs roughly $0.30 per coin, making it an appealing target for gamblers. Finally, smart contracts may be used to carry out transactions.
It is one of the promising third-generation digital currencies to take into account. It has a market capitalization of roughly $7 billion and debuted in 2017 with a low transaction fee. In 2020, the return was estimated to be about 205 percent. Binance invested $10 million in this currency in December of last year. The coin price quickly increased by 41 percent in only one week, and additional increases are expected shortly. Gavin Wood, the CTO of the ETH project, is the guy behind creating this currency.
Polkadot was built by Gavin Wood, another Ethereum project’s core founder who had divergent views on the project’s future. Polkadot has a market value of around $39 billion as of November 2021, and one DOT trades for $35.65.