Altcoins to Watch for Significant Gains in 2022

If you're looking to diversify your cryptocurrency portfolio, it's essential to keep an eye on altcoins that have the potential for significant gains in 2022.

Cardano's smart contract capabilities and interoperability features make it an attractive option for investors.

Solana's fast transaction speeds and low fees have already shown promising results, with a 400% increase in value over the past year.

Polkadot's ability to connect different blockchain networks has the potential to revolutionize the way we think about cryptocurrency.

Its interoperability features could lead to significant growth in the coming months, especially if more developers start building on the platform.

Explore further: Altcoins with Most Potential

Solana is gaining momentum, with significant gains over the last month, and its price is up both daily and over the past week.

The cryptocurrency market is quite mixed, with many large-cap altcoins trading in the red, but some altcoins have managed to chart substantial gains.

Helium's HNT is up 5%, and the token of the decentralized derivatives heavyweight dYdX (DYDX) is up 4%.

Ethereum's price has reflected a positive growth over the past week and month, making it a strong altcoin to watch.

Helium's HNT is up 5%, while the token of the decentralized derivatives heavyweight dYdX (DYDX) is up 4%, and AAVE is charting 3.3% gains.

The ongoing battle between bears and bulls has resulted in about $111 million worth of liquidated positions, $70M of which are long traders and the rest – short traders.

Here are some of the altcoins that have managed to chart more substantial gains during the last day:

Solana has been part of the broader uptrend in the cryptocurrency market, registering significant gains over the last month, and its price is up both daily and over the past week, with a substantial monthly increase.

Cardano (ADA) is making waves with its focus on scalability, durability, and interoperability, positioning it as a leading player in the DeFi space.

Binance Coin (BNB) has evolved beyond being a simple utility token and is now a cornerstone in the crypto space, thanks to the Binance Smart Chain and its many applications.

UniSwap (UNI) is a decentralized exchange (DEX) protocol that plays a key role in the DeFi ecosystem, and as the demand for decentralized trading systems increases, so does the value of UNI's governance token.

GoMining (GOMINING) aims to simplify Bitcoin mining through the use of NFTs, making it easier for users to own an NFT that represents mining power, rather than maintaining expensive hardware.

The GoMining token (GOMINING) currently trades at approximately $0.335 with a market cap of $141 million, and has already sold 11,597 NFTs, boasting impressive statistics such as 3.9 million terahashes sold and 2,362 BTC mined.

Additional reading: Mining for Altcoins

Avalanche (AVAX) is a decentralized platform that allows for the creation of custom blockchain networks. It's known for its fast transaction times and low fees.

Avalanche's technology is based on a novel consensus algorithm called Avalanche-X, which enables high-throughput and low-latency transactions. This makes it suitable for a wide range of use cases.

The platform's native cryptocurrency, AVAX, is used to pay for transaction fees and participate in the network's governance. AVAX can also be staked to validate transactions and earn rewards.

Terra (LUNA) is an altcoin that's gained attention for its algorithmic stablecoins and integration with various DeFi platforms.

Its unique approach to keeping prices stable has made Luna an attractive investment, offering a promising opportunity for those looking to diversify their portfolios.

By leveraging its algorithmic stablecoins, Terra has been able to provide a stable value for its users, which is a major draw for those looking to use cryptocurrency in everyday transactions.

This approach has also helped to boost the decentralized economy, making it a key player in the altcoin market.

Polygon has shown potential despite a quieter period following a highly active 2023. The token is currently priced at $0.675, down from its all-time high of $2.92 in December 2021.

Polygon is undergoing a significant transition from MATIC to POL and its rebranding to Polygon 2.0. This includes new chains like ZK EVM and Miden.

These innovations promise lower transaction costs and enhanced scalability.

Ondo Finance (ONDO) is a game-changer in the altcoin space, bridging traditional finance and blockchain technology to create fixed-yield loans backed by yield-generating crypto assets.

The ONDO token, launched in January 2023, is the native token governing the Flux protocol, which allows for the lending and borrowing of stablecoins.

With a market cap of $1.14 billion and a current price of $0.80, the ONDO token is an exciting opportunity for investors.

Only 1.4 billion out of 10 billion tokens are in circulation, which could lead to significant price appreciation as more investors take notice.

Oasis Network (ROSE) is a project that's been around since December 2020, focusing on using AI and a layered architecture to prioritize privacy and scalability.

It uses a consensus layer based on proof-of-stake and a ParaTime layer for independent computing environments. This layered approach is key to its ability to balance privacy, performance, and security.

ROSE, the native token, is currently priced at $0.086 with a market cap of $576 million. Despite being down from its all-time high of $0.5973, the project's fundamentals remain strong.

Golem (GLM) is a veteran project in the space since 2017, recently rebranding its token to GLM.

The project allows users to rent out excess GPU power, rewarding them with GLM tokens. This concept is well-positioned to benefit from the expanding AI and deepin markets.

GLM is priced at $0.52 with a market cap of $519 million, suggesting significant room for growth. Its all-time high was $1.32, indicating substantial potential for increase.

If you're considering investing in GLM, it's worth noting that the token's price has fluctuated over time.

Suggestion: Watch Golden Time

Fantom (FTM) is looking bullish, according to crypto analyst Bluntz, who pointed out a clean downtrend break on the USD and BTC pairs.

The analyst used the Elliott wave theory to make his point, citing a 3-wave move down and a possible start of a new trend-following wave.

Bluntz predicted that FTM may have just ended its last corrective wave, and a new uptrend has started.

See what others are reading: Altcoin New

A chart illustration shows the newly ended corrective move on $FTM, and a new uptrend has indeed started.

The Graph (GRT) is also looking bullish, with Bluntz pointing out a clean weekly corrective move.

Like FTM, GRT may be on its way to starting a new trend-following wave to the upside.

A recent chart shows GRT at the end of its previous three-wave correction and has now begun another move to the upside.

GRT has moved 51.55% to the upside since hitting a low of $0.104, and is showing little signs of weakness on the part of the bulls.

The cryptocurrency trades at $0.159 at the time of writing, and may very well be headed to the next resistance zone around $0.18.

The altcoins market is looking pretty good right now, especially after Bitcoin's impressive recovery from last week's bank runs.

Ethereum, Fantom, and The Graph are some of the altcoins that a crypto analyst thinks might be bullish over the coming weeks.

These altcoins have been identified as potential profitable trading opportunities for the next few weeks, and for the rest of March.

Here are the top altcoins to watch:

Chainlink's unique approach to oracles has made it a standout in the altcoin space.

Its ability to provide real-time data feeds to smart contracts has already been adopted by several major players in the DeFi space.

The project's strong partnerships and growing adoption have led to a significant increase in its market capitalization.

Polkadot's interoperability solution has the potential to bridge the gap between different blockchain networks.

Its parachain architecture allows for the creation of custom blockchains that can interact with the Polkadot network.

Cosmos' Tendermint Core has been successfully used in several high-profile blockchain projects.

The project's focus on scalability and usability has made it an attractive option for developers.

The growing interest in Cosmos' ecosystem has led to a surge in its market capitalization.