which altcoins are the Best to Invest in 2022?

in #best3 years ago

If you want to know whether you should buy Altcoins or just stick to Bitcoin, or you want to know do altcoins deserve to invest in 2022. This guide is for you. In this section, we will discuss some of the main reasons why you can consider investing in some top Altcoins today.

Many Altcoins Have Produced Huge Returns
Firstly, perhaps the main reason why you can consider buying some Altcoins today is that many projects have produced life changing returns.We gave some examples when analyzing the best Altcoins in 2022, but please allow us to elaborate further.

For example, we just mentioned that when BNB was launched at the end of 2017, the value of a single token was only $0.11.But as of press time, the 52 week high of the project was $690.This is equivalent to end-to-end revenue of more than 690000%. So if you only invest $1000, at its peak, your money will be worth $6.9 million.In another example, we also mentioned that Decentraland and its MANA tokens later witnessed an increase of 23000%.

Therefore, investing $1000 in this Altcoins will be worth more than $230000.To sum up, as we mentioned earlier, not all Altcoins will perform as well as BNB and Decentraland – so it’s important to set realistic expectations before buying.

Altcoins Outperformed Bitcoin
Since its introduction, it is not only the Altcoins that has produced life changing returns. After all, it’s important to remember that when Bitcoin was first introduced in 2009, its value was only a fraction of $0.01 per token. And when you consider that Bitcoin later hit a high of more than $68000 – it represents millions of end-to-end revenue.

However, Bitcoin has since become a trillions of dollars asset class, so it goes without saying that the rising potential from here will be limited. In fact, when you compare the performance of Bitcoin in previous years with the top Altcoins. BTC is not as attractive as before.

For example, in the first 12 months since writing this page, the price of Bitcoin has fallen by more than 20%. In contrast, Ethereum has risen by nearly 50%. In five years, Bitcoin increased by 3600%, while Ethereum’s revenue exceeded 7000%.

Therefore, if your main priority is to target high-performance encrypted assets, Altcoins may be more suitable for your risk appetite than Bitcoin.

Cheap Price of Altcoins
Another reason Bitcoin and even Ethereum are somewhat unattractive to value investors is that these tokens are now trading at high prices. After all, Bitcoin and Ethereum later broke through the highs of about $68000 and $5000, respectively. This means that by investing a proper amount of money, you are likely to buy only a small part of a token.

However, when studying the best Altcoins in 2022, we encountered some noteworthy projects, and their entry price is still very low.For example, as we mentioned earlier, you can get about 5 million tokens by investing $100 in Shiba Inu.

Crucially, although the price of an alternative currency does not determine its total valuation alone, it is better to invest in a cryptocurrency project that allows you to have a large amount of tokens, rather than a small number.

Reference article:
https://www.btcc.com/en-US/academy/research-analysis/do-you-think-altcoins-are-the-best-to-invest-in-2022

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