Diversify your crypto investment portfolio with these top altcoins in 2022.
2022 has been a dire year for digital currencies, following a major slump in the prices of several cryptos. In addition, various factors have contributed to the global rise of inflation and added to the fear of economic recession.
However, despite the recent bearish activities, several crypto tokens other than Bitcoin have started regaining their bull run and are worth putting on your list to checkout in 2022. Here’s the list of the top altcoins to watch out for in Q3 to diversify your portfolio.
Ethereum (ETH)
Ethereum's upcoming upgrade has many investors feeling optimistic, adding ETH to the crypto watchlist in Q3.
Ethereum has become the most popular blockchain for decentralized applications like non-fungible token (NFT) marketplaces and decentralized finance (DeFi) projects. It is one of the top long-term investments, as it has more developers, entrepreneurs, and IT professionals bringing in real-world applications.
However, Ethereum’s biggest weakness is its sluggish transaction time and high gas fees. But the network is scheduled for its much-awaited update, and the new version would offer enhanced processing times, lower fees, and more scalability. Once the migration to the Proof-of-Stake protocol is complete, the network will become even stronger. It will dramatically improve ETH’s speed, resulting in faster transaction time and lower transaction costs.
Thanks to its flexibility and scalability, Ethereum has become the blockchain of choice for large institutions. There is a growing number of high-profile companies building on top of this blockchain, essentially pushing the adoption of the network.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Choice.com (CHO)
CHO is one of the top altcoins to watch out for in Q3, thanks to its innovative crypto solution that combines all the advantages of CeFi and DeFi.
Choice.com is the world’s first MetaFi ecosystem that simplifies the use of DeFi products. It is one of the top emerging platforms, combining the innovations and product uniqueness in both
the Centralized Finance (CeFi) and the Decentralized Finance (DeFi) worlds. It makes the entire process seamless, reliable, and fool-proof via its unique in-house DeFi ecosystem called Charism. The company behind the crypto has grown rapidly since its launch in 2017 and has been expanding its ecosystem with new products and services.
CHO would see a rising growth in its price with the growing adoption of the Choise.com platform. One healthy sign of the platform’s growth and development is Choise.com’s successful token sale rounds of $1.5M.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Binance Coin (BNB)
The Binance exchange enters into high-profile partnerships with other crypto projects, boosting the investability quotient of the BNB token.
Binance Coin is popular as the utility token for the popular Binance cryptocurrency exchange. BNB is used to pay transaction fees on the exchange, as well as on the Binance Smart Chain. The token is not merely a utility coin for the popular exchange but also programmable crypto with clear-cut use cases.
The demand for the token rose tremendously following a dramatic acceleration in the cryptos price. Over the year, the crypto grew higher, hitting an all-time high of $690.63 in May 2021. Although BNB was trapped in the crypto whirlwinds of 2022, the token has massive potential and an undeniably bullish life cycle, according to experts. The token is widely adopted due to its diverse utility and the popularity of Binance as a platform. Since there is a flurry of trading activity on the platform, BNB is one of the top altcoins to watch out for in Q3.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ankr (ANKR)
Ankr is an early contributor to web 3.0, making it one of the potential altcoins to watch out for in Q3.
The heart of Ankr protocol is to open access to cloud computing infrastructure by leveraging the benefits of blockchain technology. The network is one such platform seeking to profit from the growing field of cloud computing blockchain nodes and provides a way for firms to reward themselves.
It is the only platform that integrates node infrastructure, staking, and DeFi to make developing and earning easy and accessible. However, Ankr is a DeFi platform with a range of features that helps in making the transition to Web3 easier, more democratic, and more efficient.
The price of ANKR would skyrocket in 2022 as the protocol has introduced numerous innovations to encourage the global uptake of the Web3 movement. The coin has numerous utilities and is available on several exchanges, including Binance, Mandala Exchange, and CoinTiger.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum Classic (ETC)
Experts predict that ETC price shows promising growth, making it a good buy in 2022.
Ethereum Classic is an open-source smart contracts-based platform built on the original Ethereum blockchain. It was launched as a result of a controversial hard fork of Ethereum in 2016.
The major focus of Ethereum Classic is programmability. ETC users can benefit both from a digital money perspective and be used for all marketplace transactions such as financial services, apps, and games, to name a few, which can be built on the platform.
The corporate behind ETC has planned several big developments and various partnerships for the future. These upgrades and successful tie-ups will accelerate the momentum of ETC, making it one of the top altcoins to watch out for in Q3.
Moreover, the coin is also listed in several eminent cryptocurrency exchanges like Coinbase and Binance, Ethereum Classic, and Huobi Global, making it more accessible and secure for traders around the globe.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Diversification is crucial for a healthy crypto investment portfolio. So if you are searching for the top altcoins in Q3, you should watch out for ETH, CHO, BNB, ANKR, and ETC.
Read More:
How To Buy Ethereum Classic (ETC)
Best Future Crypto Coins To Buy
Best Long-Term Crypto Investments
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