The cryptocurrency market has been in decline since November 2021. In this article, we have listed 9 altcoin projects that could make a big break for the rest of the year from analyst Ali Rıza’s list.
9 altcoins to watch out for in 2022
- The first altcoin Solana is known as the most scalable Blockchain in the market and one of the most popular Ethereum competitors. Thanks to its advanced system, it reached 400,000 transfers per second. Therefore, Solana has become the go-to platform for new projects, dApps, DeFi protocols and more.
- The next altcoin on our list is Phantom (FTM), which provides DeFi services to developers who want to use the bespoke consensus algorithm. The focus of the project is scalability, security and decentralization. As we covered in Cryptokoin.com news, the return of Andre Cronje has rekindled the project.
- In third place is Mirror Protocol, a synthetic asset protocol developed from Terra Blockchain. The project is globally available, offers fractional orders, and order execution is almost instantaneous, all highly acclaimed attributes.
- The next altcoin, BNB Coin (BNB), is backed by the world’s largest exchange Binance. Although this situation is criticized, it offers a rich ecosystem that is accepted. It also offers various features including access to tokens launched on Binance Launchpad.
- A popular meme token inspired by Dogecoin, Shiba Inu is in fifth place. According to analysts, it is one of the strongest projects, as it can find investors and use it for payments even now.
- Next up, Mines of Dalarnia, a popular metaverse game. The game was inspired by Minecraft, where users mine for resources and use them to create new items. Considering that Metaverse games are becoming more and more widespread, it is a project to watch.
- Polymath is the next altcoin, offering technology for creating, issuing and managing security tokens on the blockchain. The project leads the creation of a unified standard for Ethereum-based security tokens.
- Towards the end of the list is STEPN, a Web3 lifestyle app that aims to encourage physical activity, especially simple walking. The implementation of the project was met with great approval and went from inception to open beta in just five months. It is available for both Android and iOS.
- Finally, Baby Doge Coin was created by fans of the original DOGE community and now Baby Doge is trying to impress the community with new and improved transaction speeds. Baby Doge is a hyper-deflationary cryptocurrency with a static reflection that rewards its investors and ensures that more tokens are automatically added to users’ wallets with every transaction.
