The broader crypto market is rebounding today from a bumpy start to 2022. As investor sentiment begins to improve, we are likely to see rebound, consolidation and price spikes in the short term. So what are some of the altcoins to buy? Well, here are some criteria to consider:
It helps when the coins are backed by strong long-term fundamentals rather than hype and speculation.
These tokens also have a relatively low market cap, which suggests that the growth potential is high.
Also, the altcoins have to do great things that will ultimately help increase their value in the long run.
Well, even with the 2022 slump, we still think the three altcoins listed below are perfect buys for the year.
Aave (AAVE) is one of the most promising decentralized financial protocols. The platform is designed to help people lend and borrow crypto assets. At press time, the AAVE native token was trading at around $ 215.30, an increase of about 6.5% in intraday trading.
Data source: Tradingview.com
AAVE also has a market cap of around $ 2.9 billion, which suggests that there is enough upside potential there for further growth in the future.
Cosmos (ATOM) is marketing itself as an alternative to traditional blockchain networks that offer higher speeds, lower costs and scalability. It’s one of the highest rated blockchain projects this year, and its ATOM native token is growing too. At the time of writing, ATOM was selling for $ 39.94, up nearly 8% in 24 hours.
Serum (SRM) is the main decentralized exchange, or DEX, on Solana. It strives to provide users with safe, fast and secure transactions by taking advantage of the scalability of the Solana chain. Serum is currently trading at $ 3.11 with a market cap of $ 414 million. This makes it a prime option for investors looking to realize their long-term potential.