When it comes to cryptocurrency, most people talk about Bitcoin or Ethereum. However, many lesser-known cryptocurrencies are just as vital to the crypto market. So today, we will take a closer look at six such cryptocurrencies that you can buy in 2022.
#1 Solana (SOL)
What is SOL?
SOL is the cryptocurrency offered by Solana (SOL), a high-throughput, low-fee blockchain platform that can process up to 50,000 transactions per second. By comparison, Ethereum and Bitcoin can only handle around 15 and 7 transactions per second, respectively. SOL’s development team is headed by Anatoly Yakovenko, who previously worked as a software engineer at Qualcomm.
In February 2021, Solana hit an all-time high of $47 before settling into its current price of around $30. With a market cap of over $10 billion and a daily trading volume of over $1 billion. Although this may seem like an appropriate place for SOL, many enthusiasts project that Solana will soon climb higher on the list as more people become aware of it.
With its unique ability to process transactions faster than almost any other cryptocurrency and its popularity among traders, Solana could become one of the top cryptocurrencies on the market in 2022 or 2023 if enough new investors join it before then.
At this point, you are probably wondering how to buy SOL or how you can learn more about SOL. For that, you can visit any top crypto exchange that lets you buy or sell Solana. You can know how to buy Solana and other vital details about the crypto from the exchange.
#2 Nano (NANO)
Nano, formerly known as RaiBlocks, is a cryptocurrency that was first released in 2015. Nano is designed to be a fast and efficient cryptocurrency, with features like zero-fee transactions and no mining needed for transactions.
The developers behind Nano have some experience with cryptography; Colin LeMahieu, the founder of RaiBlocks (now Nano), has been writing software since he was 13 years old and has worked on everything from video games to 3D graphics software at Silicon Graphics. He started RaiBlocks because he wanted to create an easy-to-use cryptocurrency that would be useful for people everywhere. Since then, other developers have come on board as well.
#3 Waves (WAVES)
Waves is a blockchain platform that allows users to create, transfer and exchange their custom tokens. Waves keep over 70% of the initial supply to itself and distributes the rest among unique users who can claim it at no cost through airdrops.
In addition to creating its dedicated cryptocurrency token, Waves enables businesses and other organizations to use blockchain technology by crowdfunding with this coin. It is a popular choice for startups looking for alternative fundraising options outside traditional venture capital models or Initial Coin Offerings (ICOs). That makes it an appealing option for companies in search of long-term value with high liquidity and low transaction fees on decentralized exchanges like Liquidity Network. The platform has been used by many successful startups, including MobileGo (MGO), which was able to raise more than $19 million just 24 hours after launching its ICO campaign through Waves’ blockchain network system.
#4 Swipe (SXP)
Swipe (SXP) is a lesser-known cryptocurrency that was created in 2019. It is used as a payment currency, much like other cryptocurrencies. However, rather than buying goods and services directly with SXP, you use it to buy gift cards instead. Those gift cards can then be used to buy goods or services from the store offering them—this makes Swipe an indirect way of paying for things using cryptocurrency.
You might think that buying gift cards to pay for things with cryptocurrency is roundabout and inconvenient, but if you’re using cryptocurrency as a way of rebelling against traditional banking institutions, this could be worth the effort.
#5 Aion (AION)
Aion is a multi-tier blockchain system designed to support a future where many blockchains exist to solve unique industry problems and to power the services of the modern world.
Aion itself is not only a token but also a platform that allows for the development and execution of smart contracts, decentralized applications (dApps), decentralized file storage, and service layer infrastructure.
The AION platform hopes to accomplish three main goals.
It seeks to solve the scalability issues with blockchain networks. It also attempts to address privacy on blockchain networks. Lastly, it aims to overcome interoperability issues between different blockchain networks by allowing them to connect and interact with each other.
#6 Decentraland (MANA)
Decentraland is a virtual world where its users can create, experience, and monetize their content and applications in virtual reality. It’s also known as a 3D blockchain-powered platform that allows users to build and explore digital worlds. Decentraland uses Ethereum smart contracts to purchase land, establish ownership, manage digital assets, and communicate with other users.
The MANA token is the native cryptocurrency of the Decentraland network. One purpose of MANA is to buy land in Decentraland; however, you can also use it to buy goods or services from other people within the platform.
The Decentraland team was founded by Ari Meilich (Project Lead) and Esteban Ordano (Tech Lead). The project received $25 million during its Initial Coin Offering (ICO) in August 2017. The following year it raised another $35 million from venture capital companies such as Polychain Capital and FBG Capital.
All these coins look promising and are here to stay. So, you can start trading these coins as you like and expect a good return. However, you must be patient. Given their volatile nature, cryptocurrency trading can be painful but rewarding too.
