A Closer Look at the 7 Best Altcoins to Invest in 2022
We compared the top 7 coins and found that the best altcoin to invest in is IBAT.
1. Battle Infinity – Overall Best Altcoin
The top altcoin is IBAT, the native token of Battle Infinity. Players can access six platforms while playing this NFT fantasy sports game. To buy IBAT, players can access Battle Swap, the platform’s decentralized exchange. Players can also use the exchange to sell their earnings and receive other currencies.
The main competition happens in IBAT Premier League. Before entering, players should pick up some NFTs from Battle Market. That’s the part of the platform designed to tokenize assets and characters, thereby giving them values.
Players must have NFT passes to enter matches and leagues. One of the things that players do in the league is budget so they can build a powerful team. Players can also monetize land and use IBAT to advertise on billboards within the ecosystem.
A key reason IBAT is one of the best altcoins to invest in is that it enables players to earn while playing. Players can battle it out in Battle Stake for the highest rewards. The best players earn the highest annual percentage yield. But active players are also rewarded. The global staking pool receives 50% of IBAT transactions from Battle Infinity, and it issues rewards to players that participate a lot.
With NFTs obtained from Battle Marketplace, players can dress their avatar characters. They use VR headsets to walk through the Metaverse and meet other players in real-time. Battle Game grants players access to multiple games.
Since IBAT is needed to play the game, it’s best that players get it while it’s on presale, which happens to be running. The Battle Infinity presale started on 11 July 2022 and runs until 10 October 2022. The presale has been so successful that Battle Infinity has raised $600,000 in seed round funding in just over a week since starting it.
Players wanting the latest updates about the game and the coin can join the Telegram channel.
2. Lucky Block – Popular Competition Platform Coin
Another great project that has developed a successful coin is Lucky Block. Its native token is LBLOCK. Players need to buy LBLOCK if they want to participate in draws. The main draw takes place weekly, and the prize is $50,000 in LBLOCK.
Players can also participate in NFT draws, held weekly on Fridays. For players to participate, they need to buy a ticket for $1. A minimum of five tickets are required to partake. But the draws aren’t the only way that players can earn. It’s also possible through investing.
Investors can buy the LBLOCK coin and possibly earn capital gains. The coin has proven that it can go on massive rallies, the way it did in February 2022. That’s when the coin pumped 1,100% in just two weeks.
The platform’s mission is to transform itself constantly, so that’s the reason it will soon introduce NFT sales with fiat currency. The other major change to this platform is the use of an ERC20 token, which is regarded as a version 2 token. Lucky Block developed that token because it wanted it listed on central exchanges without a sales tax. LBLOCK is now available on LBank and MEXC.
XRP enables users to send coins across the world in a matter of seconds at the lowest rates possible.
One of the coins that have provided exactly what blockchain was developed for is XRP. The coin was developed by Ripple, a San Francisco fintech company. XRP enables users to send coins across the world in a matter of seconds at the lowest rates possible. So it’s cheap and efficient.
The other great thing about XRP is that it has provided investors with excellent returns. The coin had a massive bull run in 2017 and 2021. The 2017 rally was truly epic, as investors profited more than 2,000%. Investors who bought XRP in March 2020 went on an epic bull run of 1,400% by April 2021.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
4. Bitcoin Cash – Famous Bitcoin Fork Coin
Bitcoin developers wanted to have a better version of the coin, so they released Bitcoin Cash. The key differences between Bitcoin and Bitcoin Cash are that the latter is faster and cheaper.
While Bitcoin is regarded as a store of value like gold, Bitcoin Cash is treated as a payment provider. Many transactions can be processed on the Bitcoin Cash (BCH) block because of the fork it had from Bitcoin.
Besides the payment processing feature, BCH has proved to be a good holding investment. It has surged more than 1,000% in the 2017 bull run, and it did about 1,000% in May 2021 from the lows set in March 2020.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
5. Stellar Lumens – Effective Cross-Border Coin
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Stellar Lumens has developed a coin similar to XRP.
Stellar Lumens has developed a coin similar to XRP. Some investors believe that the two coins are the same because they offer similar benefits.
The main difference between the two coins is that Ripple is being sued by the US SEC for selling XRP as an unregistered security. Stellar Lumens isn’t being sued for its coin, XLM. That’s one of the reasons that XLM is regarded as a more secure investment than XRP. But the coin has also surged in a few rallies, offering more than 10x returns.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
6. Axie Infinity – Pioneering Gaming Coin
Axie Infinity was one of the first platforms to enable players to earn while they play. That’s the reason numerous players flocked to the platform. They wanted to breed Axies to earn points, as well as collect treasure, which they could redeem for rewards in other currencies.
The platform also enables players to build up their army so that they can battle it out with other players and stand a higher chance of winning. Because the platform grew at a phenomenal rate so did its native token, AXS. Investors who bought the coin in June 2021 gained returns of more than 4,000% by November 2021. No wonder Axie Infinity is regarded as one of the best crypto games to play and earn.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
7. Dogecoin – Most Popular Meme Coin
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Dogecoin was developed as a way to poke fun at the crypto community, even labeled as a meme coin.
What started off as a joke ended up making some investors huge profits. Dogecoin was developed as a way to poke fun at the crypto community, even labeled as a meme coin. But Elon Musk’s endorsement of Dogecoin sent it to the moon.
Investors who bought the coin in 2020 and held it until May 2021 would’ve received 10,000% returns. It seems that Dogecoin isn’t a joke after all. The coin had lost 93% of its value since reaching its all-time high.
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