Cryptocurrencies started as a transformation in traditional economic and financial institutions. However, due to their widespread acceptance, this economic class has joined the ranks of the investment pyramid. Investment firms and central financial institutions are also adopting digital assets to profit from price increases. Thus, they aim to provide customers with secure cryptocurrency transaction options. Despite the uncertainty, many crypto investors are looking for the upcoming major crypto or future Bitcoin (BTC) competitor. Investors are constantly asking which cryptocurrency has the highest potential yield.
Altcoin projects that could rival Bitcoin in the future
Due to the growing demand for digital currencies, many people are trying to make a profit by investing in them. As a result, the cryptocurrency market has expanded significantly in recent years. These assets enable fast transactional payments on a global scale and in a manageable timeframe. The most popular cryptocurrency ever has been Bitcoin (BTC). However, the overall crypto market is quite unpredictable. Because, cryptocoin.comWe have compiled for you the best altcoin projects with potential in 2022.
Shiba Inu (SHIB)
One of the most popular memecoins in 2021 was the Shiba Inu (SHIB). It has experienced tremendous growth since its inception in 2020. The Shiba Inu has done so well that it has become one of the well-known cryptocurrencies. It is currently among the top 20 cryptocurrencies in terms of market cap, like Dogecoin. A $2 investment in SHIB in January 2021 would have saved someone thousands of dollars by November. This is because memecoin has gained 48,000,000%. Over time, the Shiba Inu has become more than just a memecoin. The team is currently aiming to develop a Metaverse platform and increase usage for payments. After its peak in November 2021, SHIB fell, following Bitcoin and the overall market. Memecoin is currently trading 65% lower than its all-time high.
Ripple (XRP)
Ripple (XRP) is another altcoin project to watch out for in 2022. In fact, XRP had some issues with the US Securities and Exchange Commission in late 2020. These issues have had some negative impact on the value of XRP. As a result, XRP fell from the third-largest cryptocurrency by market valuation to the sixth. With high savings, you can buy this top rated cryptocurrency for less than $1 per token. Also, the XRP price predictions say that the token will rise steadily throughout the year. According to forecasts, Ripple will reach $2.14 by December.
The Sandbox (SAND)
The Sandbox (SAND) promises to bridge the real and virtual worlds using NFTs. This concept allows users from all over the world to tour the Sandbox environment while interacting and socializing. Users can create their own characters in the Sandbox Metaverse. They can also customize these characters and use them to participate in win-win competitions. Sandbox’s starting price in mid-2020 was $0.05. The price of the altcoin surpassed $8.40 in November 2021. Thus, it reached an all-time high. As a result of this growth, profit was 16,000%. As a result, this Metaverse coin is currently finding buyers at a significant discount from its highest price.
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Solana is a highly scalable blockchain project that describes itself as the “Ethereum Killer”. The native cryptocurrency of the project is SOL. The network outperforms Ethereum by a wide margin on various benchmarks. Among these criteria, speed and costs come to the fore. SOL was launched two years ago at $0.78. Then there would be an investment boom. If you had invested $1,000 back then, you would have $115 million today. Thus, you would have made more than 41,000% profit. According to Solana’s price predictions, SOL coin is expected to increase by more than 1,550% in the next five years. But you need to wait for the current drop in Bitcoin price to end.
