What is altcoin?

best altcoins to buy

The word "altcoins" (alternative coins) is used to refer to all cryptocurrencies besides Bitcoin. They are alternatives to both Bitcoin and conventional fiat money, which is how they got their name. In 2011, the first alternative coins were introduced, and today there are hundreds of them. Early alternative currencies sought to enhance features of Bitcoin like transaction times or energy efficiency. The functions of more recent cryptocurrencies vary based on the developers' objectives.

How to buy altcoin?

best altcoins to buy

Although the methods may slightly vary depending on the site, buying cryptocurrency is generally a simple process. Advanced traders might even decide to buy alternative currencies directly from owners over the counter, even though exchanges are secure for beginning and aid consumers in avoiding fraud.

Step 1. Define a percentage of your portfolio to dedicate to the investment

The cryptocurrency market is always volatile and potentially risky for investors. Investing in altcoins is considered a "high risk high return" category, especially those with small market cap. While Bitcoin is generally utilized as a store of value, several altcoins are ambitious initiatives that provide more use cases. Since altcoins are less well-known, if they gain popularity, their prices can rise more quickly.

While many teams have released their coins and subsequently disappeared after dumping their allotted funds on the market, the majority of altcoins are still in the experimental stage (also known as a rug pull). As a result, a sizable portion of blockchain ventures fails really fast. Investing in altcoins is a fairly risky venture because there is a good potential that the coin will lose value. Consequently, it is better to divide a portfolio into several risk layers. Taking too much risk is not recommended, so even if you decide to buy altcoins, remember to divide your portfolio carefully and rationally.

Step 2: Define which altcoin to buy

Investors can choose from thousands of alternative currencies. Several elements, such as the investor's needs and preferences, determine whether one is eligible for investing. Therefore, each user should educate themselves on alternative currencies linked to their preferred initiatives. They should also look over each coin's unique attributes and choose the ones that speak to them the most. These inquiries will direct consumers in making sound selections and selecting the best altcoin to invest in.

Step 3: Swap fiat money for cryptocurrencies

The majority of exchanges don't have fiat on-ramp platforms and don't allow purchases in dollars. Investors must therefore buy the supported cryptocurrencies and then exchange them for alternative cryptocurrencies on the exchange. Several exchanges make it simple to buy cryptocurrency directly with a credit card, making it simple to stock up on coins for an altcoin exchange.

Step 4: Choose an exchange for the best altcoin to buy now

Investors will need to find the exchanges that support their preferred cryptocurrency after preparing a bag of cryptocurrencies for trade on an altcoin exchange. Popular exchanges offer higher liquidity and fewer instances of fraud, making them safer for new purchasers to transact on. Finding various cryptocurrency exchanges that provide a beneficial trading pair is therefore crucial. Users start exchanging their currencies once they choose the desired trading pair.

Step 5: Pick a cryptocurrency pair among the best altcoin to buy right now

The next stage is to link the exchange to a Web 3.0 wallet that contains the alternative coins. To guarantee that the user performs the transaction at the best time, it is important to note the trends of the currency pair and its performance over the previous month or a few weeks before executing the deal.

Step 6: Start trading on the best altcoins to buy

It's time to execute if the market conditions appear favorable and the user is prepared to make the trade. To place an order for the desired altcoin on the exchange while trading for the first time, take the time to study how orders operate.

The coin will already be there in the wallet when the trade has been completed. When an exchange is centralized, a user just needs to transfer money from it to their wallet once. When it comes to DEXs, money is not held in trust by the exchange until it is given to liquidity pools, yield farming, or another Defi instrument.

What are the best altcoins to invest in?

While there are thousands of altcoins in the market, how to know which altcoin to buy? Let’s find out the best altcoins to buy according to Builder.news through the article below!

ETH

ETH price

ETH price (Source: CoinMarketCap)

When it comes to cryptocurrencies, Bitcoin was the pioneer. The native cryptocurrency of the Ethereum network, Ether (ETH), is a significant number two. In addition to having the biggest smart contract platform in the cryptocurrency world, it serves as the primary location for the development of some of the most well-known Metaverse, DeFi, and Web3 projects. As a result, ETH coins provide some of the most cutting-edge utilities, thus contributing to its price growth of an astounding 1.5 million percent in its November 2021 ATH.

At the time of writing, the market value of ETH was roughly $164 billion. Its price is currently around $1,300 even in the middle of the current bitcoin downturn. Ether is useful for more than just storing money, though. Bitcoin users liken it to digital gold, while Ether's value is reliant on the value of the blockchain that underpins it. Smart contracts are just one of the many useful operations that users of the system can carry out. These contracts streamline workflow and automate execution, saving parties time and money. Actually, the Ethereum blockchain, according to Hougan, "works like Apple's app store, but for Web3," creating "a new internet for finance."

Recently, the historical event of Ethereum “The Merge” has just happened successfully. The Ethereum blockchain's transaction verification has changed as a result of the switch from PoW to PoS. Validators now stake the native Ethereum coin ETH to the network, significantly lowering energy consumption, in place of miners who use massive amounts of computer power to validate and create new blocks.

PoS will also enhance the economics of the Ethereum blockchain because, in contrast to PoW, which distributes 5.4 million ETH annually to miners, PoS distributes only about 500,000 ETH to stakers. Because a percentage of the transaction fees will be burned, limiting the quantity of the coin. The price forecast for the Ethereum currency may be affected by this.

The best altcoins to buy increased after the completion of The Merge was announced, thus on September 15, it was trading at roughly $1,640. But the price quickly fell in the following 24 hours, and on September 16, it was only worth roughly $1,450. After a brief period of decline, ETH was trading at about $1,360 on September 20, 2022.

ETH price prediction

Although this will not be the first time that ETH has undergone a fork, it will be worthwhile monitoring any developments on that front. For instance, one such fork contributed to the creation of the Ethereum Classic (ETC) cryptocurrency. Remember that price prediction is frequently off. It's also crucial to keep in mind that long-term crypto price forecasts are frequently created using an algorithm, which means they could change at any time.

Technical analysis compiled by CoinCodex showed that short-term sentiment on the ETH price remained bearish as of 20 September 2022. The website’s Ethereum crypto price prediction was a bit more mixed, projecting the future Ethereum price to rise to recover to $1,453.97 by 25 September, before falling to a possible $1,345.75 by 21 October.

SOL

SOL price

SOL price (Source: CoinMarketCap)

Solana was first developed in 2017, however, it wasn't formally introduced until 2020 owing to developments. Solana was dubbed the "Ethereum Killer" as soon as it was released because of its lightning-fast smart contract framework, which enables speedy transactions and cheap costs.

Despite its outstanding performance, this top altcoin to buy first received little attention from cryptocurrency traders. But in 2021, when the token almost erupted and became one of the top cryptocurrencies in the market, everything started to change. The technologies available on the ETH network, including as DeFi apps, Metaverse and NFT projects, P2E crypto games, and decentralized exchanges, have been greatly improved by Solana.

Solana differs from other projects in another way thanks to its PoH (proof-of-history) consensus approach. When compared to PoS (proof-of-stake) models, the approach places timestamps on transactions, which considerably minimizes the amount of information that validators get. Solana can currently process more than 60,000 TPS (transactions per second). This is one of the key causes behind the Solana coin's peak price, which was 130,000% more than the ICO price.

Additionally, the bear market had no impact on the growth of the Solana network. By incorporating new protocols and applications, the founders are constantly growing the ecosystem and network. Solana is quite likely to surpass its historical peak and soar to new heights if the market begins to recover, making it one of the best altcoins to buy in 2022.

After a challenging year in 2020, Solana (SOL) was able to post a respectable performance in the early years of 2021, thanks in large part to the quadrupled increase in asset value during the first few years. SOL's price nearly reached 19 USD in February before dropping to about 12 USD. Solana (SOL) finally overcame the 50-dollar threshold in April 2021. On May 18, 2021, the price of Solana (SOL) attained yet another all-time high (ATH) of 61.44 USD. Solana's market value at the time was close to 15 billion USD. The upswing did not, however, last long enough. At its lowest point, SOL was trading at about 19 USD despite a decline of more than 50%. SOL's cost increased once more in June, peaking at USD 40. On November 6th, 2021, a new Solana ATH record of 260 USD was also attained.

Technical analysis and data on the Solana token's recent price movement lead us to the conclusion that the digital asset might not be suitable for immediate investment. The technical signs, however, imply that it might be a wise decision in the long run. According to TradingView's technical analysis as of April 2022, SOL is the seventh-largest cryptocurrency asset by market capitalization. Not to mention, Solana is listed among "the coins that will skyrocket in 2022. The current Solana price is $31,85 USD with a $795.175.556 USD 24-hour trading volume. With a live market cap of $11.272.111.590 USD, CoinMarketCap is now ranked #9 place according to CoinMartketCap.

SOL price prediction

As of September 15, 2022, the technical SOL coin analysis from CoinCodex was bearish. By October 14, according to the site's short-term SOL price prediction, the currency may have dropped to $33.21. It's crucial to remember that cryptocurrency markets continue to be incredibly volatile when looking for Solana price predictions because this makes it challenging to predict with any degree of accuracy what a coin's price will be in a few hours and even more challenging to establish a long-term target price. As a result, experts and algorithm-based forecasts can have unrealistic expectations.

Technical analysis and data on the Solana token's recent price movement lead us to the conclusion that the digital asset might not be suitable for immediate investment. The technical signs, however, imply that it might be a wise decision in the long run.

XRP

XRP price

XRP price (Source: CoinMarketCap)

Most analysts and investors believed that Ripple was the biggest danger to Bitcoin's hegemony when it first arrived. It was dubbed the ultimate Bitcoin killer by some. Financial institutions all around the world immediately adopted it since it has the potential to replace fast and completely transform cross-border payments.

Prices for ripple tokens had increased by more than 68000% by the time they peaked in early 2018. Then, in a shocking turn of events, the SEC filed a lawsuit against Ripple Labs and its directors in a US federal court, sending the price of XRP down.

Today, the price of XRP, the best altcoin to buy right now, is more than 90% lower than it was at its peak. Given that they are only trading at this price as a result of the pressure brought on by the pending SEC action, this makes them one of the most undervalued cryptocurrencies.

We believe that Ripple is the best altcoin to purchase in 2022 for speculative investment objectives since more and more analysts, fintech professionals, and legal minds believe that Ripple will win the case quickly.

With a 24-hour trading volume of $3.847.579.254 USD, the current live XRP price is $0,408696 USD. With a live market cap of $20.372.959.013 USD, CoinMarketCap now ranks #7.

XRP price prediction

After The Merge took place successfully last week, the price of BTC also dropped significantly. Along with the news that the Fed is about to adjust interest rates, the whole cryptocurrency market is in a red sea. However, XRP is a rare coin that is still optimistic in the market.

The price of Ripple XRP is currently $0.3636. Both the immediate resistance ($0.557) and the significant resistance ($0.725) are present. The levels of $0.8603 & $0.9956 will present the coin with significant resistance if it manages to break these levels.

The immediate and critical support, however, is set at $0.25 and $0.23, respectively. It continues to put up a valiant struggle against top-tier cryptocurrencies like Bitcoin, ETH, Solana, BNB, etc. The Ripple cryptocurrency, however, may continue to manage its position, therefore it is an excellent investment option with a fantastic purchasing opportunity, according to the XRP price prediction.

XRP price predictions from some experts indicate that the majority of investors are certain that Ripple won't hit $10. However, the $5 price projection is a reasonable estimate. At some point, $5 will also be worth a 15x return on investment, which is fantastic. Therefore, any user can purchase or sell XRP in accordance with the resistance level and support level of the XRP price analysis.

AAVE

AAVE price

AAVE price (Source: CoinMarketCap)

Aave is a DeFi technology that leverages automated liquidity pools for lending, just like Uniswap. Aave, on the other hand, uses blockchains other than Ethereum, in contrast to Uniswap. This indicates that Aave is occasionally exempt from paying the same high gas fees as Ethereum-only coins like UNI. On a specific network, users must pay a gas charge to make transactions, and Ethereum has the highest gas fees. AAVE has the lowest market cap of all the cryptocurrencies on this list, at $897 million. These coins, which have a total supply of 13.9 million, last sold for $65.53 on June 21.

With a 24-hour trading volume of $112.576.905 USD, the current live Aave price, the best altcoins to buy, is $75,43 USD. With an active market cap of $1.063.015.370 USD, the current CoinMarketCap ranking is #46.

AAVE price prediction

The Aave protocol is now going through a difficult time in 2022. During the most recent crypto collapse, the decentralized finance (DeFi) market lost about $100 billion in total value locked (TVL).

AAVE saw a steady rise for the remainder of the year after peaking at $0.51 on its introduction date, 4 October 2020. Then, in the first quarter of 2021, it underwent a huge breakout, skyrocketing to its current all-time high of $666.86 on May 18, 2021.

As of 5 September 2022, a short-term AAVE forecast from CoinCodex indicates that by 4 October, the token's value might have risen to $98.05. CoinCodex further stated that technical indications indicated a "bearish" current attitude, while the fear and greed index showed "severe fear."

DOGE

DOGE price

DOGE price (Source: CoinMarketCap)

Dogecoin is one of the most well-known cryptocurrencies and the best shitcoin to buy in 2022. This consensus-based proof-of-work (PoW) digital currency was introduced in 2013 and is open-sourced.

The reason the best altcoins to buy DOGE is so well-liked is because the man who holds the record for having the most wealth in the world - Elon Musk - the head of Tesla, has been known to favor Doge, causing price increases. In the past, Elon Musk's tweets supporting Doge received a lot of media coverage.

The year 2021 was one of the best years for cryptocurrencies, with prices soaring from $0.004 in January to an all-time high of $0.73 in May. However, the cryptocurrency has lost 90% of its value since its ATH.

The current Dogecoin price is $0,059442 USD with a $309.852.332 USD 24-hour trading volume. With a live market cap of $7.886.224.148 USD, CoinMarketCap's current ranking is #10.

DOGE price prediction

As a result of the crypto markets becoming more negative, DOGE traded as low as $0.04972 on June 18—its lowest price since the beginning of 2021. Before a brief spike in meme stocks and currencies, spurred by retail investors on social media, the coin traded in the $0.06–$0.07 range, reaching $0.08864 on August 16. However, DOGE rapidly fell back to trading around $0.06 once more and become one of the best altcoins to buy now.

At the time of writing, according to technical analysis from cryptocurrency data provider CoinCodex, 0 out of 28 indicators were displaying buy signals, indicating a bearish attitude. However, according to CoinCodex, the price of dogecoin might rise to $0.064970 by September 13 and $0.087950 by October 9.

>>> Read more: Why should I invest in Dogecoin?

SHIB

SHIB price

SHIB price (Source: CoinMarketCap)

Shiba Inu's value surged by more than 5 million percent at the beginning of 2021, making it a household brand in the cryptocurrency world. Since then, it has become one of the most active crypto communities on social media and acquired a cult-like following.

These have been crucial in spreading awareness of the meme coin, maintaining its upward trend, and maintaining its ranking as the second-most valuable joke currency. And for this reason, among others, we think SHIB is the greatest cryptocurrency to purchase in 2022.

SHIB tokens' prior performance is another reason why we think it's one of the finest altcoins to buy right now. Going forward, we anticipate SHIB to continue making profits and turning its investors into obscenely wealthy people.

A reviving cryptocurrency market, the altcoin's explosive popularity, and in-network development on the Shiba Inu ecosystem targeted at expanding the use cases for SHIB while reducing its supply are some of the elements we think will contribute to the altcoin's value growth. Now, SHIB is among the cheapest altcoin to buy.

With a $226.260.833 USD trading volume over the course of a day, the current live Shiba Inu price is $0,000011. In the past 24 hours, Shiba Inu has decreased by 2,35%. With a live market cap of $5.846.264.264 USD, the current CoinMarketCap ranking is number 14.

SHIB price prediction

If the cryptocurrency market bounces back to its performance from 2021, according to Shiba Inu price forecast and analysis of the crypto market, SHIB might reach $0.0001 in 2022. By 2023, they anticipate SHIB to increase to $0.00015, and by 2025, to $0.0002.

Analysts generally agree that while Shiba Inu may be erratic in the short term, its chances of success are very good over the long term. Price forecasts for Shiba Inu foresee increases to $0.00001 in 2022, $0.0002 in 2025, and a peak of $0.001 in 2030. If the best altcoins to buy Shiba Inu achieve these goals, by 2030, it will have grown by 86,330%.

>>> Find out: Is Shiba Inu a good investment?

ATOM

ATOM price

ATOM price (Source: CoinMarketCap)

Another distinct blockchain project with a defined purpose is Cosmos. Blockchain adoption has struggled with interoperability, but Cosmos is going to end that problem for good. In 2022, it became one of the top altcoin choices, and it is one of the greatest tokens to purchase and hold today (HODL).

The concept stands out from all others because of two key characteristics. Inter Blockchain Communication, or IBC, a ground-breaking blockchain communication protocol, was first introduced. It's intended to encourage data exchange and enhance communication among various blockchains. Second, the team also produced the Cosmos software development kit, which considerably simplifies the process of developing new crypto applications.

On-chain and off-chain brands that wish to use the software to construct their platforms use the native ATOM token. These two characteristics work together to show that Cosmos has a promising future, especially in light of the massive global drive for blockchain use. Since the best altcoins to buy - ATOM tokens are expected to increase in value by over 1,0000% by 2030, Cosmos will rank among the top altcoins in 2022.

ATOM’s current live price is $14,07 USD, and its 24-hour trading volume is $560,060.076 USD. With a live market cap of $4.028.038.741 USD, CoinMarketCap now ranks #20.

ATOM price prediction

With the help of a thriving Terra ecosystem that had established itself as one of the largest chains in terms of total value locked, ATOM was retesting its all-time high by January 2022. (TVL). In terms of market capitalization, Terra was the biggest Cosmos-based blockchain at the moment.

In the period from March to June 2022, ATOM experienced four consecutive months of losses due to the collapse of the Terra ecosystem and a bear market in cryptocurrencies. ATOM hit a one-and-a-half-year low of $5.55 on June 18, 2022. As of the 14th of September 2022, ATOM has recovered more than 136% from its low.

When predicting the price of Cosmos for 2022, Wallet Investor took a gloomy stance and said that by the end of the year, the token will typically cost $9. By the end of 2025, the ATOM price was predicted by its long-term cosmic price forecast to have decreased even more, to an average price of $1.80.

Author’s note: The order of the list above is randomly arranged without any rules. Investors should still do their own research before making any investment decisions.

Bottom lines

In search of huge returns, altcoins never cease to draw in new investors. Due to the fact that the majority of them are significantly more reasonable than Bitcoin and other well-known cryptocurrencies, they make fantastic starting investments for cryptocurrency traders.

Due to the overwhelming number of available altcoins, selecting the best one to invest in is difficult; thus, we made an effort to give you a comprehensive overview of the top performers in the market. Keep in mind that the cryptocurrency market is quite unpredictable, and no one can predict which cryptocurrencies will increase in value in the future.

Disclaimer:
This article is intended for and only to be used for reference purposes only. No such information provided constitutes advice or a recommendation that any investment or trading strategy is suitable for any specific name.

Best altcoins to buy in the market volatility