Wondering Which Are The Best Altcoins To Invest In Now For The Long Tun? Here’s The List.
All cryptocurrencies other than Bitcoin are referred to as altcoins. The crypto market is packed with new and innovative altcoins with high growth potential. Several digital currencies have reported over 1,000% growth over the past few months, pointing to the growing adoption. However, the multitude of options available for any potential crypto investor can be overwhelming.
That is why we have listed the top 5 altcoins to buy for long-term returns in May 2022.
- Cardano (ADA)
- Ripple (XRP)
- Ethereum (ETH)
- Decentraland (MANA)
- Polygon (MATIC)
Top 5 Altcoins To Buy In May 2022
1. Cardano (ADA)
Cardano is one of the top altcoins to buy for long-term returns with an exceptional development team.
Cardano is considered one of the fastest-growing assets in the crypto sphere today. The crypto has a unique mission to build a financial operating system for the world. This decentralized platform strives to empower people and grant them more control over their data and identities.
Cardano's blockchain activities have increased tremendously over the years. Cardano has started gaining more adoption with the launch of its long-awaited Alonzo upgrade. This has brought smart contracts to the blockchain, allowing developers to build dApps and enter the world of DeFi and NFTs.
Moreover, with continued developments within the Cardano ecosystem, ADA could reach new highs in the coming days. Cardano has over 450 projects in development on its platform and several projects due to launch in the first quarter of 2022. The crypto has also partnered with governments and organizations across the globe, adding it to the list of top altcoins to buy this May.
2. Ripple (XRP)
Partnership with established banks and financial institutions makes XRP one of the top altcoins to buy for long-term returns.
XRP is a digital currency created by Ripple Labs aiming to strengthen the global payments network. Ripple strives to eliminate the role of third parties in financial transactions, helping to pave the way for building decentralized finance infrastructures.
By speeding up the flow of capital with its advanced blockchain technology, Ripple solves a crucial problem for large financial institutions. This is why Ripple has the most backing from financial institutions and banks in the entire cryptocurrency market.
Moreover, the growing optimism around Ripple’s win in the ongoing SEC lawsuit would significantly drive XRP to new highs, making Ripple an excellent investment opportunity for the years ahead.
3. Ethereum (ETH)
The second-largest cryptocurrency by market cap is indeed one of the top 5 altcoins to buy now for long-term returns.
Ethereum is the most well-known altcoin and is more than just a store of value for many investors and enthusiasts. Ethereum is a global computer for running dApps, DeFi, and other applications. Despite new competition, Ethereum’s first-mover advantage has positioned it as the top altcoin to buy for high ROI.
One key reason to buy ETH for future returns is its transition to a Proof-of-Stake mechanism, which would welcome a less energy-intensive version. Once the transition is completed in its entirety, it will significantly boost transaction speeds and lower fees, pushing ETH’s adoption rate to new levels. The long-awaited launch of Ethereum 2.0 would make it more appealing and sustainable for widespread use.
4. Decentraland (MANA)
MANA could be the top altcoin to buy for investors looking for exposure to the metaverse.
Decentraland is one of the best new crypto projects that has garnered attention this year. It is a virtual world hosted on the blockchain where users can create their own characters and buy in-game plots of land. One key selling point of Decentraland is that it hosts over 90,000 plots of land in the game, each represented by an NFT. Anyone can become a virtual real-estate mogul by buying cheap land NFTs and selling them for profit.
Yet another catalyst that pushes the price of MANA is that Decentraland is a leading metaverse game. As the concept of the metaverse expands in 2022, assets like Decentraland have been positioned as the top altcoin to buy for long-term returns. Moreover, large institutional investors have started seeing value in the token, adding additional capital to flow into metaverse-themed cryptocurrencies, making MANA one of the top altcoins with strong fundamental support.
5. Polygon (MATIC)
Rising interest from developers in Polygon's network has made MATIC one of the best altcoins to buy now.
Polygon aims to add interoperability and scalability to the Ethereum network. The network allows users to connect to Ethereum-compatible networks. Users can seamlessly create new chains, add them to the Ethereum chain and even create their own currencies. Polygon’s network allows users to take advantage of Ethereum’s security while avoiding the expensive gas fees.
So far, Polygon has allowed users to develop over 10,000 dApps, attracted over 130 million unique users, experienced around 3 million daily transactions, and hosted 3.4 billion transactions. Moreover, Polygon has made headlines in 2022 with the release of its “Green Manifesto,” pledging to make its blockchain universe more environmentally friendly.
Polygon has already marked its position as the leading scaling solution for Ethereum with a suite of products, including Polygon PoS, Polygon Edge, and Polygon Avail. The team has also planned to invest in cutting-edge zero-knowledge (ZK) technology, which is crucial to onboard the next billion users to Web 3.0. This commitment to sustainability and future plans has put Polygon at the forefront of responsible blockchain development, making MATIC one of the top altcoins to buy now.
Many blockchain enthusiasts are seeking out the next Bitcoin among the plethora of altcoins crowding the market right now. An early investment in a top altcoin could give them the kind of long-term returns that early Bitcoin investors boast of. With a particular focus on Web 3.0 and the future of machine learning and AI, above are top altcoins to buy for long-term returns.