The economic skies might be cloudy, but that means picking the right tokens will let you make significant gains. Widely-followed crypto channel, BitBoy Crypto, shares top 5 best altcoins with his subscribers for long-term gains in 2022.
Acala Token (ACA)
The first altcoin BitBoy Crypto mentioned is Acala Token (ACA). Acala is the decentralized finance network and liquidity hub of Polkadot. It’s a layer-1 smart contract platform that’s scalable, Ethereum-compatible, and optimized for DeFi with built-in liquidity and ready-made financial applications.
ACA is not available to purchase on the exchange yet. But there is a good sign of ACA’s developers when they remove the super users. This is the aiming key that many device dApps like UniSwap have.
The removal of the super users key is an important step for any device project to make it truly decentralized. Having this milestone will help ACA pump in 2022. That’s why it takes first place on the list.
Ripple (XRP)
The second altcoin that can have long-term gain is Ripple (XRP). XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. While Ripple runs RippleNet, the XRP Ledger is open-source and is not based on blockchain but rather the previously mentioned distributed ledger database.
Despite the lawsuit, Ripple has continued to innovate across the world. They still have partnerships with traditional finance, energy credits, and NFTs via the network. All the XRP accumulation is not an accident.
A big sign of this is that Jed McCaleb, former Ripple CEO, is not sold his massive XRP holdings. His wallet holds 821 million XRP in it, and once XRP price pumps to the moon, he will be rich.
FTX Token (FTT)
The third altcoin on the list is FTX Token (FTT). FTT is the native cryptocurrency token of the crypto derivatives trading platform FTX that launched on May 8, 2019.
The team behind FTX comprises some of the largest crypto traders over the past few years who, having found issues with most mainstream crypto futures exchanges, decided to launch their platform. FTX claims that it stands out due to such features as clawback prevention, a centralized collateral pool, and universal stablecoin settlement.
2022 is going to be even more important at regulations such as influencing, crypto-verse, etc. That’s why an exchange like FTX Token and FTT makes our list of top coins that are best for long-term gaining.
FTX is familiar centralized crypto with over $143 million in its trading volume over 24 hours for now. FTX has a break-out year and deserves to place number 3 on the list.
Phantasma (SOUL)
The next altcoin to mention is Phantasma (SOUL). The chain is designed for digital goods & services for communications, entertainment, marketplaces, and on-chain storage solutions for dApp creators and enterprise clients.
Phantasma is a fully interoperable, decentralized feature-rich blockchain. Its innovative staking mechanism, dual token system, sustainable tokenomics model, and advanced eco-friendly smart NFTs.
Phantasma is one of the leaders in the blockchain of metaverse. Its NFTs are allowed for virtual assets and have been created in demand of low fees. It also gives creators more control of their work, which is missing in many NFT projects these days.
2022 is going to be the year of Phantasma. SOUL is available for several exchanges.
Raydium (RAY)
The last altcoin to mention is Raydium (RAY). Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX). Unlike any other AMMs, Raydium provides on-chain liquidity to a central limit orderbook meaning that funds deposited into Raydium are converted into limit orders which sit on Serum’s orderbooks. This gives Raydium LPs access to all of Serum’s order flow and their existing liquidity.
Users can trade tokens, yield farms, provide liquidity and invest in new projects with RAY. To use Raydium, one will need SLP wallet for Solana blockchain. Raydium has all fundamentals to make a great place in 2022.
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Read more:
- Top 5 Low Capitalizing Altcoin That Can Make Some Serious Gains in 2022
- Top 6 Most Profitable Altcoins to Pick While The Market is Still Bearish