2022: Will Altcoins keep Performing? Or is There a Downturn on the Cards?

2022: Will Altcoins keep Performing? Or is There a Downturn on the Cards?

Advertisment

CrypTalk is an encrypted messenger built for the crypto community, and is designed to help you find projects in a safe way. It will do it so by:
Let’s see why that might be.
Because of their utility and low fees, thousands of crypto projects and tokens have been built on top of these coins, flooding the altcoin market with cash.

Altcoins are in. Bitcoin is out.

Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
In order, the Top 10 coins were:

TheBitcoinNews.com – Bitcoin News source since June 2011 –

  1. Bitcoin
  2. Ethereum
  3. Tether
  4. XRP
  5. Litecoin
  6. Cardano
  7. Polkadot
  8. BitcoinCash
  9. Stellar
  10. Binance Coin

The best-performing altcoins have two things in common: smart contracts, and low transaction fees.
Thankfully, there is a solution that will solve these problems, called CrypTalk! 
By looking at the Bitcoin Dominance chart for 2021, we can see that Bitcoin’s share of the cryptocurrency market has trended downwards from a high of 74% to a low of 40%. This means that the altcoin market has been rising against Bitcoin, and may continue to do so.
Using the WayBackMachine, a tool for looking at archived versions of websites, we can see what CoinMarketCap looked like when Bitcoin dominance was at its peak in January:

Do you agree? And if yes, which altcoin do you think will pump the most? Let us know, and tag your reply with $CRYP #CRYP #CrypTalkToken.

What’s Next for Altcoins?

Their beta is launching on Q1 2022, so if you want in, be sure to sign up for their newsletter on their website.
Because it’s so fast-moving, cryptocurrency is all about narrative. What’s hot right now? What’s next?
Binance Coin, Solana, and Avalanche climbed the most ranks. Like Ethereum, they run smart contracts. However, their transaction fees are substantially lower.

How to Find Altcoin Gems

The crypto market has exploded since January of this year (2021). However, as the year is ending, the run hasn’t been as consistent as it was expected. Coins have seen massive highs and lows.Ethereum is up 500%, Binance Coin was previously up by  1,700%, and it then slumped to 1500%. Avalanche is up 2,500%, and Solana is up a whopping 18,000%!
Advertise with us : Advertise
But Bitcoin is up only 113%. In fact, during the greatest bull run in crypto history, Bitcoin has greatly under-performed the market average of 250%.

You may have noticed scammers pretending to be popular crypto influencers, social media pages, or Telegram channels.

  • Requiring project CEOs to verify their identities through KYC process
  • Auditing projects so you know they aren’t malicious
  • Keeping important information all in one place like price and market cap
  • Bringing important crypto news directly to you
  • Allowing users to vote on channels

For example, Sandbox, a gaming metaverse project, recently pumped. But if you weren’t lucky, you probably missed it.

Conclusion

There are over 7,000 cryptocurrencies on CoinMarketCap, and dozens of new ones are listed daily. On top of that, it’s hard to figure out which have actual utility, rugpulls are everywhere, and scammers run amok!
The most effective tool for visualizing overall altcoin performance is the Bitcoin Dominance chart. It shows changes in Bitcoin’s total share of the cryptocurrency market over time.
Thank you for reading!

Altcoins have a distinct advantage because Bitcoin has limited utility.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Most of the new projects in 2021 had to do with DeFi. Some topics that are gaining traction now are: metaverse, NFTs, and WEB3.
We examined how the utility that altcoins provide may keep them pumping into 2022.

Send bulk sms with Bitcoin and don’t worry If your link gets reported. We are constantly monitoring your links and We’ll pause your campaigns if any issue…