The cryptocurrency market is known for its sudden drops as well as its high gains. The altcoin market has been experiencing the red side of this for the last 6 months. In this article, let’s take a look at the 8 altcoin projects that the crypto analyst nicknamed Arti thinks will make the fastest comeback in 2022.
Top 8 altcoins for a quick turnaround
Ethereum
Ethereum is the first largest altcoin project to introduce smart contracts. These smart contracts allow developers to launch mobile and desktop dApps on the Blockchain. The Ethereum network is home to thousands of cryptocurrencies. These cryptos are these tokens that incentivize the ICO movement. According to the analyst, Ethereum is the first cryptocurrency to make a stunning comeback in 2022 with these factors.
dogecoin
What started out as a meme now serves a variety of purposes. The main use of Dogecoin has now become a mod to tip people who share useful information or just be funny. Over the past year, Dogecoin has been in the news for various reasons, such as the Reddit debacle or Elon Musk being a ‘Dogefather’. The analyst predicts that Doecoin will continue in popularity and slowly recover its price.
chainlink
Chainlink is the first project to allow the integration of off-chain data into smart contracts with an oracle network. Using the Ethereum network, Chainlink enables blockchains to securely connect to external data and transactions. Because of its applications, experts predict an upside chart for this cryptocurrency as Chainlink’s technology is crucial to the advancements of smart contracts.
shiba inu
Dogecoin emerged from a meme. But it quickly became a project capable of garnering a growing community of loyal supporters. Despite its strange beginnings, SHIB is emerging as one of the best cryptocurrencies on the market. The community has also created an NFT project about SHIB in 2021 that makes it gain more attraction from investors.
XRP
XRP is a cryptocurrency that uses an open source distributed ledger called the XRP ledger. It is the cryptocurrency of Ripple, an enterprise blockchain company that facilitates global transactions. The developers claim that XRP is built for payments and can process transactions faster and more securely than most other cryptocurrencies.
Ripple’s motto is to unleash digital scalability around the world and reduce the transaction costs associated with cross-border fund transfers. On the way to fulfilling this task, RippleNet launched its own cryptocurrency, XRP. According to experts, XRP and the tactic it is working on are ready to reach a new level in the future. However, XRP has yet to end its years-long lawsuit with the SEC.
polkadot
Polkadot is also a Blockchain network that runs on interoperability protocols. It connects several Blockchains in a single network. It also allows parallel transactions on a single network. DOT is also used for administration, connection with parachains, and DAO.
Binance Coin
Binance Coin is used to trade other cryptocurrencies and pay fees on Binance, one of the world’s largest cryptocurrency exchanges. It was launched in 2017 and can now be used for many functions such as booking travel arrangements. The analyst emphasizes the security of the Binance exchange for first-time crypto investors.
Uniswap
Uniswap uses the Ethereum network. The DEX platform expands the trading range of cryptocurrencies. Uniswap’s platform runs on an automated liquidity model for trading without the involvement of a bank or broker. Uniswap is also an open source platform. Therefore, anyone can use the code to create new exchange platforms. UNI was launched in 2020. It later became the most popular cryptocurrency on the market within a year.
cryptocoin.com As you follow, the crypto money market is preparing to close the week that started on July 24 in the green. Meanwhile, Bitcoin and Ethereum are trading above the $22,700 and $1,600 levels, respectively.
