As Bitcoin rises in price, it will continue to outperform many small investors. Here are nine cryptocurrencies you could buy instead of Bitcoin.
Bitcoin is the largest cryptocurrency by market capitalisation. It also continues to attract the most interest compared to other cryptocurrencies.
Bitcoin is now accepted by institutional investors and has even been accepted as legal tender by one country.
Despite its growing adoption, Bitcoin has underperformed most altcoins for years.
This has to do with the hype around new cryptocurrencies and the fact that Bitcoin has now outperformed many new investors.
With new high potential cryptocurrencies entering the market, many of them are much better investments than Bitcoin.
If you are looking to make a crypto ROI hig in 2022, here are 9 of the best cryptocurrencies with better investment potential than Bitcoin.
THE BEST CRYPTOCURRENCIES WITH BETTER POTENTIAL THAN BITCOIN
1. Shiba Inu (SHIB)
Shiba Inu entered the market in 2020 and remains a hot meme coin for investors in 2022.
Shiba Inu is a meme coin like Dogecoin and has a proactive community promoting it. This community helped increase the hype around SHIB and saw it deliver gains of 45,000,000% in 2021.
The Shiba Inu community continues to grow, and the fundamentals are also improving.
For example Shiba Inu recently launched its Metaverse and is also on track to burn tokens at an accelerated pace. With all these developments, it is not hard to see why SHIB is an altcoin that could beat Bitcoin by 2022.
2. Ethereum (ETH)
Ethereum is the number two cryptocurrency by market capitalisation and, over the years, has given investors a stellar ROI. Going forward, Ethereum has so much going for it that it stands out as an altcoin that could beat Ethereum by 2022.
The biggest potential driver for Ethereum is the full transition to Eth 2.0 within the year. Ethereum 2.0 will make the Ethereum network scale better and make Ether tokens deflationary. In the future, Ethereum adoption will increase, and with deflationary tokenomics, the price could rise.
3. Binance Coin (BNB)
Binance Coin is the cryptocurrency used to pay fees on the Binance exchange and its ecosystem. By using BNB, Binance users pay a lower fee than they would pay when using other exchanges.
This incentive to use Binance Exchange has also seen the value of BNB over time. This, along with Binance Coin’s quarterly burns, makes Binance Coin one of the top cryptocurrencies that could do better than Bitcoin in 2022.
4. Solana (SOL)
Solana leapt to popularity in 2021 as one of the top cryptocurrencies that could dethrone Ethereum. The hype saw Solana rebound by more than 11,000% in 2021, outperforming Bitcoin by a large margin.
Solana continues to grow in adoption as a blockchain of choice for DeFi and mint NFT. As adoption grows, SOL remains one of the top cryptocurrencies that could overtake Bitcoin by 2022.
5. Poygon (MATIC)
Polygon jumped to popularity in 2021 as one of the blockchains looking to help scale Ethereum. Polygon is designed as a layer 2 Ethereum solution, meaning it can handle most transactions that would otherwise have to be completed on the Ethereum mainnet.
Now that Ethereum is almost close to a complete switch to Ethereum 2.0, Polygon will most likely be a cryptocurrency that has more potential than Bitcoin in 2022.
6. Terra (LUNA)
Over the past two years, Terra has been one of the best performing cryptocurrencies. While most cryptocurrencies have struggled since reaching new all-time highs in November 2021, LUNA is one that has continued to show strength. LUNA re-tested its all-time highs in March 2022.
With the adoption of stable coins Terra like UST on the rise, Terra is likely to continue to perform well through 2022. It is one of the top 10 cryptocurrencies that could outperform BTC this year.
7. Cardano (ADA)
Cardano is a top 10 cryptocurrency that prides itself on energy efficiency, scalability and security. Cardano prides itself on its use of the scientific method, and every important aspect of it is peer-reviewed. In 2021, Cardano introduced smart contracts, and today it is gaining adoption in DeFi and NFT.
As adoption grows, Cardano is a cryptocurrency that can do better than BTC in 2022. It has the fundamentals, and it is also a cheap cryptocurrency, perfect for small-time investors.
8. Dogecoin (DOGE)
Dogecoin is one of the most popular meme coins today and has been for the past two years. Dogecoin is billionaire Elon Musk’s favourite cryptocurrency. He was the reason Dogecoin gained traction in 2020. Now that he is close to buying Twitter, there is a chance he could use it to further boost DOGE. This, along with its low price, makes DOGE a meme currency that could beat Bitcoin this year.
9. ApeCoin (APE)
ApeCoin is one of the hot new cryptocurrencies trending in 2022. When it was launched in March, ApeCoin was instantly listed on all major cryptocurrency exchanges. This gave it unrivalled liquidity as a new cryptocurrency.
ApeCoin continues to outperform the broader cryptocurrency market with news of a possible Metaverse launch. If the Metaverse comes to fruition, then ApeCoin is a new cryptocurrency that could beat Bitcoin by 2022. ApeCoin is already doing better than Bitcoin, but the margin is likely to be even greater if the news favours it.