Harmony’s price is the lowest on this top seven altcoins list, but investors have started to recognise ONE’s potential. Harmony is aiming for a whopping 10m transactions per second (TPS), against the 65,000 TPS offered from Polygon. Harmony has 1,000 validators while Polygon only has 100, making it more decentralised. Yet, investors are saying Harmony is built better compared to its more successful rival. Many of Polygon’s same functions are possible with Harmony, including DApp creation and cross-chain transactions. Harmony (ONE) is much further down the list than Polygon, ranked at 41 on CoinMarketCap, while MATIC occupies 14th spot. Greenberg said users could make an annual return of 13.65% from staking. She argued that it was volatile enough to benefit trading and offers investors a more passive income stream. Tally Greenberg, head of business development at the staking platform Allnodes, told the Insider that Polygon’s low fees makes it an undervalued investment. It only recently peaked with an all-time high of $2.92 on 27 December. The cryptocurrency started 2021 below $0.10 and saw multiple surges throughout 2021. This is not surprising after MATIC experienced a bullish year. Mark Cuban was one of many who invested in Polygon last year, adding it to his portfolio. Polygon allows for different types of blockchains to be built on Ethereum, turning it into a multi-chain system like Polkadot. The project was built to improve Ethereum’s infrastructure and scalability. Multi-chain accessibility is becoming increasingly important for investors as Polygon (MATIC) has seen recent success. More than 150 new parachain slots are under development, according to Woods.
These allow developers to build their own blockchain on the network. Gavin Woods, co-founder of Polkadot and Ethereum, announced new parachain slots would launch in 2022. After settling down, another bullish trend surfaced, this resulted in a new all-time high of $55 on 4 November.Īn exciting 2022 lies ahead for Polkadot, with new updates and technology improvements planned. It started with a surge at the beginning of the year that peaked at $47.95 on 14 May. Think of it as the internet for blockchains: instead of loading different webpages, users can access different projects and networks.ĭOT, Polkadot’s native cryptocurrency, enjoyed impressive growth in 2021. The blockchain was built with interoperability at its heart, designed to connect a range of different chains, networks, and other technologies. Polkadot only launched in 2020 and has already seen massive gains. Here, we will offer our rundown of the best altcoins as we head into the new year with January historically providing fireworks from a price point of view. There is a lot to weigh up when looking for the top seven altcoins. And as we’ll find out, the best altcoins for 2022 can also suffer setbacks, with technical faults derailing even the biggest of bull runs. Fledgling coins fall in and out of favour with investors all the time, especially among those who are determined to secure the biggest gains. In a fast-moving market like crypto, picking out the top seven altcoins for 2022 is no easy task.
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