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Top Altcoins for 2022

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Given a large number of cryptocurrencies in the market, it is quite easy to get confused and overwhelmed. There are always new coins and trends in the market which make the old coins disappear into oblivion.

If you are just trying to get your feet wet in the crypto market or you are an experienced trader then this article is for you. This article will give you a head start on coins you should pay attention to. This article will also get you started and excites you to do more research on these coins so as to avoid being scammed.

DYOR — Do your own research, the popular term used in the crypto market to avoid falling prey to scammers

This is not financial advice so doing your research will convince you on the coins you should pay close attention to and possibly trade them.

You also need to note that these coins can easily be replaced by new trends but what matter is the use case of these coins.

(1) STEPN

STEPN ($GMT) is a web3 move2earn lifestyle app where users earn as they move. For some months now STEPN has been trending in the crypto market with the aim of trying to revolutionize the web3 ecosystem. Users get rewarded for running, jogging, and trying to stay fit.

STEPN has a built-in wallet, swap, marketplace, and many features in-app for easy onboarding of the users. STEPN will see more growth and with a strong community, it could thrive well.

(2) APECOIN

APECOIN ($APE) is a governance utility token that is used by the Bored Ape Yacht Club communities and other related communities. The coin has been on the rise with so much high expectation and popularity being a native token of the Bored Ape NFT. Because of how well Bored Ape NFT performed and the holders of APECOIN are big names in the crypto industry, the coin has the potential to do well coupled with the utilities that comes with it.

(3) Terra

Terra, it’s native token called ($LUNA) is a blockchain protocol that uses pegged stable coins for a global payment system. For example

UST→USD

KRT→KRW

EUT→EUR

Newly pegged currencies can be minted at any time through a democratic vote on TerraStation. Terra allows it’s holders to pay for network fees and take part in governance. Terra has become so popular in the Asian market because of it’s use case and gives more reason why it has been doing well during a bear run.

(4) Near Protocol

Near Protocol ($NEAR) is a native token of the NEAR ecosystem. This is a Layer-1 blockchain technology that uses Nightshade sharding technology to achieve scalability(scalability means the system’s ability to accommodate increasing demand). Scalability has become an increasing need to be addressed because of the high demand in blockchain with Bitcoin and Ethereum having challenges with scalability. This has led to high gas fees in carrying out transactions on these networks, and users have become discouraged. Near protocol uses a layer-2 solution called Aurora through Rainbow Bridge to carry out interoperability. This leads to faster payment and low transaction fees. With the growing community and use case of Near protocol, there is still more hype to be seen with this token.

I hope you enjoy this article.