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Following the recent market crash, now is the time whales are investing in crypto. Smart investors are taking the opportunity to buy the dip and stack up on the coins of projects they believe will explode in 2022. Here's a list of 8 altcoins that experts are excited about and are buying in prevision of the next bull market.
8 altcoins with high potential growth
1. Solana (SOL)
Market cap: $46B
Solana is a blockchain that acts as an alternative to Ethereum. It's mostly known for its speed of transaction because it has the ability to process around to a 700K transactions per second, a huge amount compared to Ethereum or Bitcoin.
2021 has seen many different projects and applications adopt the Solana blockchain which includes decentralized games, DeFi apps, and NFT marketplaces. Though there have been some concerns over power outages, Solana has seen a hyperbolic growth last year and everything points in the direction that more projects will appear built on this blockchain in 2022.
2. Polkadot (DOT)
Market cap: $27B
Polkadot is an innovative type of blockchain that aims to provide a robust and secure infrastructure to be leveraged by other blockchains. Polkadot's unique architecture opens the door for blockchain interoperability in a trust-free manner.
Polkadot started its series of parachain auctions in 2021 to establish the blockchains and projects that will have a slot in Polkadot's ecosystem. With these auctions scheduled to go on well into 2022, we can expect to hear a lot about new and exciting projects built on top of Polkadot's relay chain.
3. Avalanche (AVAX)
Market cap: $22B
Avalanche is a proof-of-stake blockchain that is said to be fast, low-cost, and environmental-friendly. The project has seen an incredible growth rate in 2021, with its price going from $12 in January last year to over $90 this year with an all-time high of $144.96. Many predict that Avalanche's growth is not over and that more projects will be built on top of this blockchain in 2022.
4. Polygon (MATIC)
Market cap: $15B
Polygon is a promising Layer 2 solution that aims to solve the issues of high gas fees and scalability of the Ethereum blockchain. Polygon, formerly known as the Matic Network, effectively transforms the Ethereum blockchain into a full-fledged multi-chain system. Polygon supports the creation of many different apps and has the advantage of easily bridging between its network and the Ethereum network.
With Polygon, developers can create different types of chains such as Optimistic rollups and ZK rollups. Many widely-used platforms in the crypto or NFT space, such as Opensea.io, already support the Polygon network.
This wide-spread integration started in 2021 and promises to accelerate even more in 2022.
5. Fantom (FTM)
Market cap: $7B
Their website states that "Fantom is a fast, high-throughput open-source smart contract platform for digital assets and dApps." Fantom has been gaining in popularity in the last months of 2021 and is showing a promising growth-rate that doesn't seem to want to slow down into 2022.
6. The Sandbox (SAND)
Market cap: $5B
If 2021 was the year of NFTs, many experts predict that 2022 will be the year of the Metaverse. The Sandbox is currently the most popular Metaverse environment among enthusiasts. Many compare the Sandbox to Roblox because of the similarity in their concept but there's a key difference: in The Sandbox, players are the actual owners of the assets in the form of NFTs.
This community-ownership of the platform opens up multiple ways users can not only play, but also earn while playing such as selling and trading NFTs and even "renting" their virtual land.
7. Decentraland (MANA)
Market cap: $4B
Decentraland has somewhat of a similar concept than The Sandbox in that it's also a community-owned Metaverse. Arguably, Decentraland's graphics are not yet at the level of The Sandbox but there's been announcements about releasing improvements in the very near future. Decentraland is quickly gaining in popularity since it can be accessed through the browser and doesn't even require a crypto wallet like Metamask to "play". It's possible to take a stroll in Decentraland as a guest, with no fee, special knowledge, or browser extension required.
8. Arweave (AR)
Market cap: $2.5B
Arweave is an innovative blockchain data storage protocol based on a "proof of access" consensus mechanism. Arweave promises to solve the age-old problem of decentralized data availability by creating a truly permanent data storage. Arweave has been on a steady uptrend since July 2021.
This article was first published here.