Top 5 Altcoins of 2022 You should check out

 

Courtesy of VectorStock

If you're looking for some advice on the next Altcoin to invest in, you're at the right place. I did some research for you. But hey, always remember that you also need to do yours.

Let's look at the Top 5 Altcoins to invest in in 2022.

• Ether

Courtesy of Ethereum.org

All hail the King of Altcoins. Ether is the native currency of the Ethereum blockchain. With a market cap of about $129 billion as of June 21, and its price around $1,100, Ether remains the best option if you're looking to invest in an Altcoin.

There are speculations that the price of Ether might see an increase with the unveiling of the next phase of ETH 2.0. However, it's not just about Ether and its price. It's also about its blockchain network, Ethereum and the numerous potential it affords investors and developers in the crypto space. 

With the ability to execute smart contracts and a blockchain network that supports the trade of NFTs, Ether and Ethereum provides investors with a lot of opportunities and promises more with its soon-to-be-released upgrade, the ETH 2.0.

• Polygon (MATIC)

Courtesy of Crypto Logos

Founded by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun in 2017, Polygon is built on the Ethereum blockchain and runs with its native token, $MATIC. 

Polygon looks to solve some issues faced by the current ETH 1.0 network which include scalability and high gas fees, this could be as a result of its operating via the Proof of Stake mechanism. Polygon is expected to survive Ethereum's switch to ETH 2.0. 

MATIC is currently valued at $0.5 and has a market cap of about $3.5 billion.

• Montero (XMR)

Courtesy of CoinDesk

With a market cap of $2.1 billion and a price of $118.80, the XMR is one Altcoin to watch.

Known for affording its investors the luxury of privacy by employing what is known as a "stealth address". In this system, the IP addresses of users are hidden so transactions are not transparent. 

The drawback to the opacity of transactions with the XMR is its use for illegal purposes and increased use on the dark web, this has led to its ban in some countries.

• Uniswap (UNI)

Courtesy of Techstory

Uniswap is a decentralised exchange for the trading of ERC 20 tokens on the Ethereum network. UniSwap and PancakeSwap are not the same, they are often thought to be the same. While PancakeSwap runs on the Binance smart chain, UniSwap runs on the Ethereum blockchain.

Being the most popular exchange on the Ethereum blockchain and said to be one of the most secure exchanges, it has seen a lot of investors.

Its native token, UNI, is currently valued at $4.29. The Economy Forecast Agency has predicted that UNI will see an increasing trend to end the year at US$20.28.

• Decentraland (MANA)

Courtesy of Freepik

Decentraland is a 3D virtual world, a metaverse. Controlled by the Decentraland organisation, it was opened to the public in 2020.

Users in the Decentraland metaverse can buy virtual plots of land as NFTs and pay for it with the MANA cryptocurrency. The MANA is one of the most popular cryptocurrencies used in the metaverse space currently.

Currently valued at $0.8287 and with a market cap of over $2 billion, MANA has seen a rise in its number of investors, due to the rise in the popularity of the Decentraland metaverse.

There you have it, if you're looking to invest in an Altcoin for the later part of the year. You might want to give any of the five Altcoins above a try. 

Be warned! This is not a financial advice, DYOR.

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