Over the past few years, thousands of altcoins have gained massive popularity among crypto traders and enthusiasts. All these altcoins have their own pros and cons to buy. While this may be valid, we have received a lot of queries about the best altcoins to buy in 2022. According to the CoinMarketCap data, there are 18,000+ altcoins available to purchase. If you want to try your luck with investing in crypto, now is the time for you to do it. With the rising number of altcoins, investors have many options to choose from. You can start with the lowest price tag as well as invest big time depending upon the level of risk you are willing to take. To help you make the right choice, we have compiled the details of the top 5 altcoins to buy in 2022. So, let’s get started!
Here Are The Best Altcoins to Buy in 2022
Lucky Block – Best Altcoin Overall
Lucky Block is one of the most undervalued cryptocurrencies in 2022. This crypto is gaining popularity for its fair and transparent lottery games. Lucky Block lottery system is being built on one of the top blockchain protocols. The altcoin buyers can manage their lottery games and keep a track of investments generated via smart contracts through a mobile app and a desktop software. The price of Lucky Block (LBLOCK) at the time of writing is $0.00242.
The Sandbox – Best Altcoin to Invest in Metaverse
The Sandbox is among the next-generation digital currencies to consider for investment in 2022. This project specializes in the Metaverse and is easily accessible by players from all around the world. The Sandbox Metaverse allows users to create and personalize their own characters. These characters can participate in games to earn profits. By accomplishing certain tasks, users can earn the in-game currency known as SAND. The price of SAND at the time of writing is $3.56.
Yearn.finance – Best Altcoin in Decentralized Financial Services
The Yearn.finance specializes in decentralized financial services. As one of the top 5 altcoins to buy in 2022, this platform operates by connecting borrowers and investors eliminating the need for a third-party intermediary. Yearn.finance facilitates crypto loans via automated smart contracts. Borrowers are required to put up a collateral in the form of digital tokens allowing users to borrow a certain amount of capital against that collateral. The other end of the platform is investors that invest funds in the Yearn.finance ecosystem that is used to facilitate loans. These investors will receive a yield on their invested capital. The price of Yearn.finance coin at the time of writing is $22,738.83.
Cosmos – Interoperability Platform Suitable for Blockchain Space
The term interoperability in the computing industry refers to two or more systems having the capacity to communicate with one another. When it comes to cryptocurrency, this term refers to the challenges that different blockchains come across in the process of sharing data. Cosmos (ATOM) is an interoperability platform that provides the required technological capability to blockchains like Bitcoin, Cardano, EOS, and Ripple to collect and share data. The ATOM token, therefore, acts as the key requirement for blockchains to share data making it one of the best-performing altcoins of the year. The price of ATOM at the time of writing is $30.06.
Uniswap – Best Altcoin with Leading DEX
Uniswap is one of the top-rated projects on the list of top 5 altcoins to buy in 2022. Founded back in 2018, Uniswap holds the crown for being one of the first crypto exchanges to introduce decentralized trading. This altcoin has enabled crypto users around the world to buy and sell altcoins without having to engage with a centralized exchange. Uniswap has created a safe and fair trading space for investors using the AMM (Automated Market Maker) model. At the time of writing, the price of Uniswap stands at $11.12.