Cryptos

Best 5 Crypto To Buy As Altcoin Season Begins

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 Altcoin or alternative coins enable usability features as an alternative to original crypto BTC and fiat currencies. Most altcoins come after BTC and aim to eliminate issues with BTC like utility, scalability, timing, transaction cost, etc. So it makes sense that these alternative coins have become attractive investments.



However, it requires conducting a particular level of research to choose the best altcoin as there are many coins already circulating and many more are on the way to release. This article lists the best five altcoins to buy.

Best five altcoins to buy

The launching period of the first altcoin is 2011; by now, the number has increased over a thousand. For the first time, altcoins considered improving aspects of BTC, including energy efficiency and transaction speed. Now they are coming with different features offering improving aspects. Many coins are available and a broader part in the marketplace, so investors must check on several factors choosing the best coins.

There are several types of altcoins, such as stable coins, mining-based coins, governance tokens, and staking-based coins. We did sufficient research, and the best five altcoins among them are:

  • Avalanche (AVAX)
  • Terra (LUNA)
  • Algorand (ALGO)
  • UNUS SED LEO (LEO)
  • TRON (TRX)

Avalanche (AVAX)

AVAX price chart

AVAX price chart

Fully diluted market cap: $30,922,792,624

Live market cap: $20,985,253,967

When you measure it by time-to-finality, you can consider Avalanche the fastest smart contract network in the blockchain industry. This platform is low-cost, eco-friendly, and blazingly fast. The launching period of Avalanche is 21 Sep 2020. The native token of this platform, AVAX, is floating near $77.98 today with a 24-H trading volume of $573,921,238. AVAX is available on many major crypto exchanges, including FTX, Binance, CoinTiger, OKX, and Bybit.

  • Circulating supply: 268,483,440.98
  • Total supply: 395,891,290
  • Max supply: not available
  • Volume / market cap: 0.02766

Does it have the potential to grow?

AVAX already made a peak near $151 in Q3 of 2021. Many crypto analysts anticipate the price per AVAX coin can reach near $150-$160 within the next year.

Terra (LUNA)

LUNA price chart

LUNA price chart

Fully diluted market cap: $69,795,280,396

Live market cap: $33,529,368,782

Terra is a unique blockchain protocol that aims to power a price-stable global payment system using fiat-pegged stablecoins. Although the development of this platform began in 2018, the official launching period is Apr 2019. Do Kwon and Daniel Shin are the founders of Terra. The native token LUNA has governance token functionalities and is floating near $96.18 today with a 24-H trading volume of $2,154,672,227.

  • Circulating supply: 352,525,069.21
  • Total supply: 735,553,839
  • Max supply: not available
  • Volume / market cap: 0.06373

Does it have the potential to grow?

LUNA made its highest peak near $119.55 recently and remained on a long-term uptrend. This coin has the potential to reach $160 by Dec 2022.

Algorand (ALGO)

ALGO price chart

ALGO price chart

Fully diluted market cap: $7,538,597,717

Live market cap: $5,058,287,332

Algorand is a decentralized, blockchain-based, self-sustaining network capable of supporting a wide range of applications. This platform came live in Jun 2019, and the founder is Silvio Micali, a professor of CSE at MIT (Massachusetts Institute of Technology). The native token of this platform, ALGO, is floating near $0.75 today with a 24-H trading volume of $182,480,492.

  • Circulating supply: 6.71B
  • Total supply: 7,138,780,464
  • Max supply: 10,000,000,000
  • Volume / market cap: 0.03624

Does it have the potential to grow?

ALGO already spiked near $3.005 in Nov 2021. Many crypto experts predict the price per ALGO coin might surpass $2.35 within the next year.

UNUS SED LEO (LEO)

LEO price chart

LEO price chart

Fully diluted market cap: $5,868,053,263

Live market cap: $5,682,878,768

iFinex ecosystem uses the LEO. This crypto allows users to save money on trading fees, and the amount of discount depends on the coin amount on the user’s account; iFinex is the founder of this platform. The native token of this platform, LEO, is floating near $5.93 today with a 24-H trading volume of $7,495,368.

  • Circulating supply: 953,954,130.00
  • Total supply: 985,239,504
  • Max supply: not available
  • Volume / market cap: 0.00131

Does it have the potential to grow?

LEO made a peak near $8.14 in Feb 2021; many crypto analysts anticipate the price will regain the peak soon and may surpass that level.

TRON (TRX)

TRX price chart

TRX price chart

Fully diluted market cap: $6,477,581,827

Live market cap: $6,480,335,362

You can consider Tron as a blockchain-based operating system with the primary goal of ensuring technology is suitable for everyday use. Justin Sun is the founder of this platform. The native token of this platform, TRX, is floating near $0.06 today with a 24-H trading volume of $958,652,826.

  • Circulating supply: 101.64B
  • Total supply: 101,639,498,134
  • Max supply: not available
  • Volume / market cap: 0.1483

Does it have the potential to grow?

Many crypto experts anticipate the price per TRX might reach $0.12 by Dec 2022.

Pros and cons

👍 Pros 👎 Cons
  • Altcoins improve aspects of BTC.
  • Many altcoins are available on specific exchanges.
  • A large number of altcoins are available with different features to choose from.
  • Involve significant risks as many can fail.
  • Altcoins offer high potential rewards.
  • Don’t have the advantage of BTC as a first mover.

Final thought

Finally, you can find many altcoins with different potentialities. Choose altcoins wisely based on features offering, future projections, teams behind the project, etc., as many coins can fail or scam.

 

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