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Although Bitcoin is the largest and most well-known cryptocurrency on the planet, oftentimes figuring out the best altcoins to buy can yield superior returns.
Throughout this article, we’ll be taking a look at the 11 best altcoins to buy, exploring what an altcoin is and why they make good investments, as well as outlining exactly how altcoins can be purchased. Let’s get started.
Best Altcoins to Buy in 2022
Below, we’ve rounded up 11 of the best altcoins to buy right now and provided a short description of each. In the following section, we dive deeper into the specifics, providing a mini-review of all 11 assets.
- Tamadoge – Overall Best Altcoin to Buy Right Now
- Battle Infinity – Fantasy Sports and P2E Gaming Ecosystem with DeFi Elements
- Lucky Block – Fair and Efficient NFT Competition Platform
- Ethereum – Largest Altcoin and Originator of Smart Contracts
- Chainlink – Popular Project Brining Off-chain Data On-Chain
- XRP – Transactional Cryptocurrency Touted as being the Future of Currency Exchanges
- FTX Token – Native Token of the Rapidly Growing FTX Exchange
- BNB – Cryptocurrency Powering the Binance Ecosystem
- The Sandbox – Metaverse World with a Plethora of Creator Tools
- Quant – Project Focused on Facilitating Interoperability Between Blockchains
- Apecoin – Trending Meme Coin created in Affiliation with Yuga Labs
Top Altcoins to Invest in Reviewed
Now that we have an understanding of each project and its offerings, let’s dive into the reviews.
1. Tamadoge – Overall Best Altcoin to Buy Right Now
Tamadoge (TAMA) is a utility-first altcoin that blends meme coins, non-fungible tokens (NFTs), play-to-earn (P2E) gaming, and the Metaverse in order to create a highly engaging ecosystem that has proven to resonate well with both investors and players alike. While the project is still young, it’s already shaping up to be one of the best altcoins to invest in 2022.
While in its presale stage, Tamadoge has managed to raise over $13 million in less than eight weeks, making it one of the year’s top 10 best crypto presales. In order to provide its earliest supporters with value, the price of TAMA during the presale will slowly increase as lots of 100 million tokens are purchased by investors. This helps to create a strong foundation for TAMA once it hits the open market.
The Tamadoge ecosystem is based around a Metaverse world named the Tamaverse. Within this virtual universe, players can explore and meet each other, helping to build a strong community. There are plans to implement support for virtual reality headsets to make this an even more immersive experience.
Additionally, within the Tamaverse players can raise NFT-based pets, each being 3D-animated and boasting a unique design. By utilizing NFT technology, the team has made it possible for pets to be upgraded using items from the Tamadoge store. Each time a player levels up their pet, they become will receive Dogepoints, improve their leaderboard ranking, and earn a larger amount of rewards.
Following its presale, Tamadoge will initiate a listing campaign on centralized exchanges beginning with LBank. This will increase demand for TAMA massively, so it’s worth checking out the presale ahead of time and joining the Tamadoge Telegram to hear about the next listing early.
2. Battle Infinity – Fantasy Sports and P2E Gaming Ecosystem with DeFi Elements
Next on our list of the best altcoins for 2022 is Battle Infinity (IBAT), a project aiming to merge sports, DeFi, and P2E gaming in order to create a next-generation crypto-infused gaming platform.
Battle Infinity offers investors a huge amount of utility. As such, to keep things intuitive and easy to use, it’s broken into different platforms each hosting a core feature. There is a fantasy sports league, a collection of player-vs-player P2E games, a Metaverse arena, an NFT marketplace, a decentralized exchange, and even an in-built staking platform.
The project has been performing well since its release. During its presale stage, Battle Infinity managed to raise more than 16,500 BNB in just 25 days. Following its first listing on PancakeSwap, the token exploded rising by more than 300% from its presale price, cementing its status as both one of the fastest growing cryptocurrency projects and one of the best altcoins with the highest potential on the market.
With the IBAT token utilizing the BEP-20 standard, it benefits from an adjustable tax, low fees, and fast transactions. This should enable the project to facilitate listings on large exchanges like Gate.io and Binance, which would help to increase demand for IBAT massively.
Battle Infinity has been consistently making headlines over the past couple of months as one of the top altcoins for 2022 due to it providing early investors with phenomenal returns and showing strength at a time when the market has been in a continuous downtrend. Join the IBAT Telegram to learn more.
3. Lucky Block – Fair and Efficient NFT Competition Platform
Another of this year’s top altcoins is Lucky Block (LBLOCK) the world’s number one NFT competition platform. The project has been making waves in the industry since it was released near the start of the year, and with the Lucky Block team constantly working to improve the project, it’s gearing up to be one of the best altcoins for 2022.
Lucky Block has utilized blockchain technology in order to create a fair competitions platform. Each drawing can be entered using an entry-ticket style NFT which can be purchased from NFT Launchpad. In order to offer a range of competitions appealing to all budgets, the entry cost for each prize will vary depending on the potential jackpot.
In late July, Lucky Block transitioned to Ethereum’s ERC standard and reduced tax on transactions to zero. This switch paved the way for LBLOCK is be listed on various CEXs with MEXC and Gate.io being the most recent. These listings boosted the price of Lucky Block significantly, so it could be worth stocking up on the best new altcoin ahead of the next listing announcement.
4. Ethereum – Largest Altcoin and Originator of Smart Contracts
Ethereum (ETH) is the king of altcoins. It’s the second largest cryptocurrency on the market, beaten only by Bitcoin. Furthermore, Ethereum fathered the ERC standard used by many of today’s best altcoins to watch.
Many investors consider Ethereum to be the best crypto to buy at the moment and for good reason. The project has consistently proven itself able to weather any bear market while still providing the same great service to its users. A large portion of the most popular altcoins utilize the ERC standard and with the upcoming Ethereum update expected to improve throughput, this is unlikely to change anytime soon.
With the amount of value the project offers, Ethereum is one of the best altcoins to buy and a worthy addition to any well-diversified portfolio. The upcoming merge is expected to increase demand substantially, so it’ll be interesting to see where the price of ETH ends up.
5. Chainlink – Popular Project Brining Off-chain Data On-Chain
Chainlink (LINK) is packed full of intrinsic value and is one of the most popular altcoins currently available. The project’s core value proposition is the ability to implement off-chain data sources into on-chain applications, something that has drastically increased the functionality of Web3 projects as well as other cryptocurrencies.
Few of even the best altcoins to watch can compete with Chainlink in terms of industry partnerships. Due to the nature of the project, it’s in the interest of other cryptocurrencies to join Chainlink in order to improve their own offerings. This has resulted in Chainlink’s technology being incorporated in a range of high-profile projects like Aave.
Overall, Chainlink is one of the best altcoins to buy right now. Even during the current market downturn, it has remained strong and as it uses the ERC standard, the upcoming Ethereum merge will likely award LINK a slight boost in value.
6. XRP – Transactional Cryptocurrency Touted as being the Future of Currency Exchanges
XRP is a transactional cryptocurrency that many investors believe could be the future of banking. The token was created by David Shwartz as a more cost and energy-efficient alternative to Bitcoin with Ripple Labs being created soon thereafter in order to create use cases for XRP.
While Ripple and XRP are currently in the midst of a lawsuit from the Securities and Exchange Commission (SEC) regarding the unlicensed selling of securities, many speculate that XRP could explode following the suit’s conclusion. Like Chainlink, XRP has a huge number of partnerships with financial institutions and banks including the Bank of America, MoneyGram, and American Express.
Being launched in 2012, XRP cannot be counted alongside new altcoins but it remains one of the best altcoins to buy. While the value of XRP is currently being stifled by the ongoing legal issues, once things are cleared up it’ll be intriguing to find out which of its partners will begin using the token to improve their services.
7. FTX Token – Native Token of the Rapidly Growing FTX Exchange
The FTX token (FTT) is one of the latest propriety exchange tokens to be released and one of the best altcoins to invest in 2022. Following the success of Binance’s BNB and its own growth as an exchange, FTX released FTT and has continued to improve the token and expand its use cases.
FTT is used to power and improve the functionality of the FTX exchange. Holders of the token can enjoy reduced trading fees and use FTT as collateral for margin trading, giving it a two-fold advantage. Furthermore, the token can be staked to earn a yield and those holding enough will also get exclusive access to upcoming FTX initial coin offerings (ICOs).
With FTX growing rapidly and regularly engaging in buybacks to bolster the price of FTT, the token is in a surprisingly good spot compared to the rest of the market. Since the start of the year, FTT has only dropped by around 34%, making it an incredibly strong crypto and one of the best future cryptocurrency projects.
8. BNB – Cryptocurrency Powering the Binance Ecosystem
BNB sometimes referred to as Build and Build, is the propriety token of the world’s largest exchange (by volume), Binance. Despite originally launching as a rather basic blockchain designed primarily to reduce fees on the Binance exchange, BNB has since expanded into the smart contract sector and is commonly used to power new altcoins like Battle Infinity.
The value of BNB absolutely exploded in early 2021 as investors everywhere were looking for the next project to rival Ethereum and with the BEP standard based on ERC, it was a clear contender. The release of the Binance Smart Chain also created immense demand for BNB as it’s used to fuel all transactions on the network.
All in all, BNB is one of the best crypto to buy Reddit and still offers massive upside potential. The Binance Smart Chain (BSC) ecosystem is only growing as a result of its low costs and similarities with the ERC standard, making it one of the top new altcoins to invest in this year.
9. The Sandbox – Metaverse World with a Plethora of Creator Tools
The Sandbox (SAND) is perhaps the best new altcoin in the Metaverse sector. Alongside Decentraland, The Sandbox is one of the largest virtual worlds (Metaverses) in the crypto-sphere and has become a favorite among both those infatuated with the technology and companies looking to expand their horizons into the digital realm.
With the Metaverse being one of the most rapidly growing sectors in technology, The Sandbox is one of the top new cryptocurrency projects to get involved with. It provides users with a plethora of ways to monetize NFT-based plots of land, with some entrepreneurial players creating entire P2E games and crypto casinos from within The Sandbox.
Few sectors are picking up traction as rapidly as the Metaverse, so there’s no telling just how high The Sandbox could be pushed over the coming months. With companies like Facebook rebranding with the Metaverse in mind, it seems likely that it’ll be a big part of the future, meaning Metaverse-centric projects could end up being the best altcoins to buy for growth.
10. Quant – Project Focused on Facilitating Interoperability Between Blockchains
Since the birth of altcoins, making projects created on different networks interact with one another has been a challenge, to say the least. This issue is what gave rise to the standardization of crypto architecture through things like Ethereum’s ERC standard. However, Quant (QNT) aims to solve this issue through the creation of a blockchain operating system called Overledger.
This technology is designed to allow blockchains to interact with one another and to make it easier for developers to create multi-chain applications. To use Overledger, Quant requires an individual or organization or hold a certain amount of QNT, making demand incredibly fierce.
Many investors believe that for cryptocurrency to enjoy mainstream adoption, the issues with interoperability first need to be resolved. With Quant being one of the strongest contenders within the sector, it’s up there with the best altcoins with the highest potential.
11. Apecoin – Trending Meme Coin created in Affiliation with Yuga Labs
ApeCoin (APE) is a recently released project created in affiliation with the creator of the Bored Ape Yacht Club, Yuga Labs. The APE token is designed to act as a governance token, allowing its holders to vote on decisions regarding the ApeCoin DAO (decentralized autonomous organization).
When the project initially launched, APE tokens were awarded to holders of various Yuga Labs NFT collections, with some receiving tokens worth upwards of $50,000. While there are big plans for the future of APE, the token currently allows holders to access exclusive communities and vote on how the ApeCoin ecosystem fund will be used, providing investors with a strong sense of community.
Many fans of Yuga Labs tout APE as being the best new altcoin on the market and one of the best low-cap crypto projects currently available. As such, it’ll be intriguing to see where the token ends up once the market begins to pick up again.
What is an Altcoin?
Altcoins are made up of a brought spectrum of projects and are not limited by category, consensus mechanism, or intended use. Altcoin simply means alternative coin. As such, any alternative (to Bitcoin) can be considered an altcoin. In practice, this means that every cryptocurrency other than Bitcoin is classed as an altcoin.
Can Altcoins Make for a Good Investment?
With Altcoins being made up of such a large variety of projects, some will make for good investments while others will slowly fade into obscurity. Below, we’ve shared a few reasons why altcoins can make an excellent addition to a well-balanced portfolio.
Technology
One of the most interesting aspects of altcoins is the technology they possess. With cryptocurrency already being an emerging technology, altcoins can provide access to subsectors like decentralized finance, the Metaverse, and P2E gaming. The best altcoins to buy will typically feature new and exciting features, making them an excellent way to get to the forefront of technology.
Diversification
As we mentioned, there is a massive variety of different altcoins available and as such, they can make for an excellent diversification tool. With altcoins spanning every sector within cryptocurrency, regardless of how a portfolio is composed, there will be an altcoin able to reduce an investor’s exposure to a specific sector, effectively reducing risk.
Room for Growth
While Bitcoin is regarded as being a safer, blue-chip crypto, its larger size means it’s more difficult for the price to move substantially in either direction. However, altcoins will have lower market caps, meaning that less demand is required for them to be pushed upward or downward. As such, altcoins can make for excellent growth vehicles, provided the proper due diligence is done prior to investing.
How to Choose the Best Altcoins to Buy
With there being so many different altcoins on the market, an investor needs to narrow down their search criteria to find worthwhile projects. We’ll be sharing a few quick tips to help find the best altcoins to buy.
Whitepaper – One of the most effective techniques to weed out lackluster projects is thoroughly reviewing a project’s whitepaper. The best altcoins to buy will always feature a well-written whitepaper that clearly explains exactly what the project does as well well as its plans for the future. If a cryptocurrency makes a lot of promises without explaining how they will be achieved, it’s best avoided.
Social Media – Taking a look at social media can be a great way to determine how investors feel about a project and whether it has a strong community. While stats like followers can be easily purchased online, it’s much harder to fake an active community consistently commenting and sharing so these are both factors to look out for when trying to find the best altcoins for 2022.
Utility – While it’s possible for some projects to perform well and offer great returns through hype alone, it’ll never be conducive to long-term growth. Instead, it’s better to look out for utility-focused projects that provide a useful service or product. These altcoins will always have a demand regardless of hype or the market, making them far safer long-term investments.
How to Buy the Best Altcoin – TAMA
To ensure that no investor is left unable to buy the best altcoin, we’ve detailed exactly how to buy TAMA below.
Step 1: Register with an Exchange
To purchase TAMA from the presale website, an investor first needs to buy ETH or USDT from a regulated broker like eToro or directly on the Tamadoge website using fiat via Transak.
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
Step 2: Deposit Funds and Buy ETH
If using eToro to acquire Ethereum, it’s necessary to first deposit some funds. eToro supports a wide range of payment methods including credit/debit cards, wire transfers, and e-wallets (PayPal, Skrill). Next, search for ‘ETH’, press ‘Trade’, and complete the purchase process. It’s worth checking the price of TAMA prior to ensure that an investor will have enough ETH to buy their desired number of tokens.
Step 3: Create a Crypto Wallet and Withdraw ETH
Afterward, an investor will need to create a non-custodial crypto wallet by downloading the MetaMask browser extension or mobile app and following the setup instructions. Then, double-check that the wallet is set to the Ethereum network and use the eToro Money Wallet to send the ETH to MetaMask.
Step 4: Connect Wallet and Buy TAMA
Lastly, go to the Tamadoge presale website and link the MetaMask wallet by using the ‘Connect Wallet’ button, selecting MetaMask, and confirming the link from the wallet. Next, bring up the purchase menu using the ‘Buy Tamadoge’ button, decide how many tokens to acquire (1000 TAMA minimum), and confirm the purchase by pressing ‘Convert ETH’. Once the presale is over, the tokens can be claimed.
Where to Buy Other Altcoins
While Tamadoge is the best new altcoin and an excellent all-around project, some investors will want to purchase another token from our list. To do this, they will require a top-of-the-line broker.
eToro – Buy the Top Altcoins with just 1% Commission
eToro was founded in 2007 and has since grown to become a leading broker for cryptocurrency and stocks thanks to its fantastic feature set. The broker is regulated by leading tier-1 bodies including the FCA, ASIC, and CySEC.
With security always a large area of concern for crypto investors, it’s crucial for a broker to protect its clients. eToro secures personal details before they’re sent to the server by using SSL encryption but that’s not all. The majority of client funds are stored offline and untouchable in cold storage, preventing the risk of clients losing funds due to eToro getting compromised.
While eToro is great for those employing a buy-and-hold strategy, it’s also a great broker for traders. It provides its users with a range of charting tools, useful when it comes to determining key price points and figuring out when to enter a trade. Furthermore, eToro allows users to set both limit and market orders, allowing users to fine-tune their entry points.
In addition to investing and manually trading, eToro supports social trading. This allows users to choose a trader they like and automatically mirror their trades, excellent for beginners trying to earn a profit or learn strategy.
Overall, eToro is an excellent platform for both beginners and more experienced investors. It offers a wide range of tools and through its various platforms, a great deal of customizability. As such, eToro is the number one broker for investors looking to stock up on altcoins.
Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.
Conclusion
We’ve taken a look at some of the best altcoins to buy, discussed the benefits of altcoins, and explained how to choose the find altcoins with the highest potential. However, throughout our research, we determined that a particular project boasted the most potential.
Utility-centric meme coin Tamadoge boasts a huge amount of intrinsic value, a well-defined roadmap, and an incredibly strong community. It’s currently in presale, so it’s worth checking out today in order to purchase TAMA for the best price possible.
FAQs
What is an Altcoin?
Put simply, an altcoin is an alternative cryptocurrency to Bitcoin. As such, the vast majority of cryptos can be considered altcoins, with the term transcending category or intended purpose.
What is the number one altcoin to buy now?
While there is a huge number of altcoins available for purchase, Tamadoge presented by far the most upside potential. The project has been a smash hit in its presale, so it’s likely to continue performing strongly once it hits the open market.
Which altcoins have the most room for growth?
While each of the projects we’ve reviewed has plenty of room for an upside move, recently released projects Tamadoge, Battle Infinity, and Lucky Block are yet to experience a bull run and could go parabolic once the market picks up.
How many different altcoins are available?
It’s impossible to provide an exact number of available altcoins as new crypto projects are released daily. Currently, there are over 2000 altcoins on the market, with this figure likely to continually grow.
How can I invest in altcoins?
There is a plethora of ways to invest in altcoins. Being in presale, the best altcoin to buy, TAMA, can be purchased directly on its presale website. Whereas other altcoins can be easily bought using regulated broker eToro.
What is the top new altcoin?
Out of all the altcoins available to invest in right now, Tamadoge presented itself as the best. However, Battle Infinity and Lucky Block are also both excellent picks.
Are altcoins worth buying?
As there are so many different altcoins, some will be worth buying while others are best avoided. However, each of the projects we’ve reviewed has solid fundamentals and could make for a great investment.