Cryptocurrencies such as Bitcoin or Ethereum are now the talk of the town in mainstream media. More and more people are interested not only in making short-term gains but also in making long-term investments over several years. Despite Bitcoin and Ethereum being the biggest cryptocurrencies by market cap, there are also some interesting Altcoins that have huge growth potential. In this article, we’ll mention the top 5 altcoins to BUY in April 2022.
Why is Blockchain the Future?
Blockchain technology is the reason behind the increasing popularity of cryptocurrencies. The blockchain allows cryptocurrencies to act completely decentrally. No financial institution has control over the respective cryptocurrency. Furthermore, the blockchain provides complete transparency and a high level of security. Fraud or theft of cryptocurrencies is extremely difficult to implement.
Blockchain could be used in more and more areas of digital life in the future. Blockchain offers independence and freedom in the digital world. In theory, abuse of power and censorship cannot exist with the blockchain. It also offers endless possibilities. Decentralized financial services (DeFi) and Non-Fungible Tokens (NFTs) are examples of the possibilities of the blockchain.
How Popular will Altcoins be in 2022?
Altcoins have received increasing acceptance and popularity in recent years. In 2021, NFTs and DeFi came into the mainstream. The Metaverse also saw a lot of hype. Due to the massive price gains of Bitcoin, Ethereum and the meme coins Dogecoin and Shiba Inu, more and more people outside the community are also becoming aware of the cryptocurrencies. The popularity should increase in the future, while the doubts become more and more unfounded.
Top 5 Altcoins to Buy in April 2022
#5 The Sandbox (SAND)
The Metaverse also became known in the mainstream with the renaming of the Facebook parent company to Meta in 2021. The origins of The Sandbox date back to 2011 when it was developed as a rival to Minecraft. In 2018 the game was transferred to the blockchain. The Sandbox is now one of the best-known blockchain games and could shape the future of the metaverse in the future.
#4 Polygon (MATIC)
Polygon is a scaling solution for Ethereum. It aims to solve the blockchain trilemma after it is difficult to simultaneously achieve the properties of scalability, security, and decentralization for a blockchain. Polygon uses the modern proof-of-stake consensus mechanism and side chains to increase scalability. As a partner of Ethereum, Polygon should remain a relevant project for the next few years.
#3 Avalanches (AVAX)
Speaking of scalability, we also need to talk about Avalanche. Although Avalanche also uses Proof-of-Stake, the transaction speeds are much higher than Ethereum, for example. Avalanche can process up to 4,500 transactions per second. The network is relevant for NFTs and decentralized gaming, for example. Avalanche should play a big role in the future.
#2 Solana (SOL)
Solana is one of the fastest cryptocurrencies on the market. It uses its own proof-of-history consensus mechanism. This enables Solana to achieve transaction speeds of up to 50,000 transactions per second. Solana is extremely popular in the NFT area. Solana appears to be worth investing in for the next 10 years.
#1 Terra (LUNA)
The Terra project received a lot of attention in early 2022. Terra can use algorithms to keep the value of stablecoins stable. You can find more information about stablecoins here . This ability makes Terra one of the most interesting blockchain projects on the market. Especially in the DeFi area, Terra is becoming more and more important and is number 2 behind Ethereum. It is worth investing in the LUNA token in the coming years.
