These cryptocurrencies will be the closest to taking down Bitcoin shortly.
There are thousands of cryptocurrencies on the crypto market. But Bitcoin is still the most trusted. BTC made millions of dollars when it reached US$65,000. Bitcoin is no longer a trendy investment.
Every day, more people trade in Bitcoin. Many buyers are eager to profit from the potential for exponential growth, which has attracted many investors. Experts believe that there are many Bitcoin alternatives to BTC, which could dethrone it as the largest cryptocurrency. These top altcoins not only grow rapidly but also produce satisfying results.
This is the list of the top 10 cryptocurrencies that could surpass Bitcoin in 2022.
Ethereum is currently the second-largest cryptocurrency in terms of market capitalization and is expected to surpass Bitcoin in the next few years. It was the first to introduce a smart contract. This smart contract is behind many of the most important developments in the industry such as decentralized finance and non-fungible tokens. Although Ethereum offers many alternatives, it has proved its value to investors and could soon surpass Bitcoin.
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Cardano’s price performance has been remarkable over the past year. ADA, also known as the third generation cryptocurrency, aims to solve some of the issues faced by Ether and BTC. It uses blockchain technology to solve real-world issues and takes a research-intensive approach in development. Investors may choose ADA because its algorithm is more durable than others.
Solana can process approximately 50,000 transactions per second while Bitcoin can only process about 7 TPS. This shows that SOL is much faster than Bitcoin. It is a programmable cryptocurrency that can run smart contracts and, like Cardano, it is also environment-friendly. SOL’s 2021 performance has been remarkable, and it has risen to the fifth-largest crypto market capitalization.
While many people love the concept of cryptocurrency, they are discouraged from investing due to its decentralized nature. Ripple claims that it offers some safety. It is the seventh-largest cryptocurrency on the market and the most prominent altcoin token. XRP offers lightning-fast transactions in a matter of seconds and minimal transaction costs.
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Litecoin has been often compared to Bitcoin. Although both cryptos operate in the same manner, some differences make LTC more attractive.
The Litecoin system is designed to work 4x faster than Bitcoin. Litecoin can confirm the legitimacy of transactions faster than Litecoin. BTC has a limit of 21 million coins, while Litecoin has a limit of 84 million. LTC is a promising cryptocurrency despite its poor performance.
Avalanche is a rising star in the cryptocurrency market. The native AVAX coin, which can be used as part of the avalanche consensus system and to pay transaction fees, is also available.
Ethereum has seen a staggering 3,800% increase in profits over the past year. The crypto market is poised to become the most lucrative cryptocurrency on the planet, with more applications joining its ecosystem.
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Dogecoin, another cryptocurrency meme coin, is also available. Although DOGE is a light cryptocurrency, it is based on its current market capitalization. However, its growing investor community is making DOGE more and more popular each day, which suggests that DOGE has huge growth potential. Elon Musk has greatly supported DOGE’s growth.
Cosmos is an Ethereum competitor. However, the network is large and growing fast. It strives to interoperate and uses an energy-efficient proof of stake protocol. ATOM’s growth has been organic, unlike other major cryptocurrencies that have large marketing budgets.
Axie Infinity’s growth this year has been 23,000%, even though it was not expected. Experts believe it changed the perception of online gaming forever, as it introduced play-to-earn gaming. The popularity of crypto has soared in this year’s aftermath.
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Algorand, although it is relatively new to crypto investors is very powerful when it comes to faster transaction speeds. Its blockchain has already proven that it can handle more than 1,000 transactions per minute and can complete these transactions in under 5 seconds. ALGO is very efficient and has attracted many investors to the market.
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