The term "altcoin" is a misnomer. In 2017, the term became popular after thousands of new Bitcoin alternatives popped up on the market. However, in 2022, most of the top 100 cryptocurrencies are not Bitcoin alternatives at all. The landscape is now filled with novel applications and products, some of which differ from others.
With millions of cryptocurrencies now in existence, it is impossible to keep track of everything going on in the space. Hence, in this article, we have compiled the top 5 best altcoins to invest in September 2022 to make the investment process easy for you.
Tamadoge (TAMA)
Tamadoge is a play-to-earn (P2E) decentralized platform and the central currency of the Tamaverse. This ecosystem allows players to battle with each other to create, breed, and compete with their NFT doge avatars to earn dogepoints.
TAMA is the native crypto of the Tamaverse and is used to settle rewards, purchase NFTs and handle transactions. Tamadoge pets are at the center of this crypto project. Each pet is minted as an NFT using smart contract functionality and can be bred by owners and be used to compete on the Tamaverse to earn TAMA tokens.
TAMA is an ERC-20 token with a max supply of 2 billion tokens. Unlike other meme coins like Doge, it is a deflationary token. Since the Tamaverse is in its infancy stage, the multi-utility platform will be working on launching the token on several centralized exchanges and making key metaverse partnerships in Q4 2022 and 2023 after its presale. Currently, the project has a confirmed listing on LBank exchange for later this year, and Uniswap DEX.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Battle Infinity (IBAT)
Having sold out its presale in record time, Battle Infinity has made it to our list of the top 5 best altcoins to invest in September 2022. Battle Infinity is a fully-audited metaverse platform that combines exciting P2E elements with a rich virtual world. Within the Battle Infinity metaverse (called the ‘Battle Arena’), players can participate in six different platforms – with the entire ecosystem KYC-verified by CoinSniper.
These range from an innovative fantasy sports league (featuring NFTs) to an autonomous DeFi exchange, allowing players to swap tokens instantly. There’s also a built-in NFT marketplace and a user-friendly staking mechanism, allowing for regular passive income to be attained. Finally, users can also browse the IBAT Battle Games section, which contains numerous multiplayer P2E games featuring NFTs.
Battle Infinity’s ecosystem is run using IBAT – the platform’s native BEP-20 token. IBAT has a total supply of 10 billion tokens. Not only can IBAT be generated as a reward for skilled gameplay, but it can also be used to purchase advertising space on virtual billboards and staked in the ‘Global Staking Pool.’
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Solana (SOL)
Solana is a smart contract blockchain with an active DeFi ecosystem and over $10 billion in locked-in protocols. Many see it and other smart contract blockchains as "Ethereum-killers." Others see the demand for blockchain products growing to the point where many of the largest smart contract blockchains can be simultaneously fully utilized.
Regardless of the outcome, there is likely to be a significant amount of innovation happening on the Solana blockchain, thanks to its deep-pocketed VC backing. The crypto has been embraced by Sam Bankman Fried and the FTX team, who certainly have the funds to ensure the success of the blockchain.
While many financial applications require the security of a heavily decentralized blockchain like Ethereum, blockchain gaming and other applications make more sense on a high-throughput, low-fee chain such as Solana. The native token, SOL, is required to interact with the blockchain and therefore is one of the top 5 best altcoins to invest in September 2022.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Fantom (FTM)
Fantom is one of the fastest and cheapest blockchains to use, and adoption has exploded since 2021, especially in the decentralized finance (DeFi) industry. It is a highly scalable, DAG-based smart contract platform for decentralized applications (dApps). The project aims to solve the scalability issues of existing public distributed ledger technologies, and the native cryptocurrency for the network is FTM.
Fantom is an easy-to-use, pleasant, fast-growing/fast-moving Layer-1 blockchain that aims to improve performance and transactions with the native token FTM. Fantom has so far been able to cut transaction time to under two seconds. The system has governance rules which determine how the networks function. No leader is directing the show, although a technical board makes proposals, either ongoing or emergency.
In the Web 3.0 environment, FTM has created a winning crypto-business model by combining a safe system with decentralization and increasing scalability. This makes it one of the top 5 best altcoins to invest in September 2022. FTM is trading at $0.26, an affordable entry point to make massive returns later.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Sandbox
The Sandbox is a blockchain-based game that lets users build, craft, and survive in its blocky metaverse. Users can buy SAND in-game currency tokens to build a house or a castle or to go on quests to earn more tokens.
An artist can create assets with the platform’s tool VoxEdit. However, The Sandbox does not allow just about everyone to upload NFTs on its marketplace. You need to apply to its creators’ fund with a portfolio to boost your chances of selection.
Another way to earn in the Sandbox is to purchase land to rent or create experiences (e.g., games). The game maker needs no coding skills to design games.
SAND is a governance token supporting staking and can be purchased/sold on many exchanges. Investing in SAND now could be wise as it is one of the top 5 best altcoins to invest in September 2022, according to crypto experts.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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