If you are new to the crypto industry, you might have heard the term altcoin, but what are these altcoins? Well, altcoins are alternate coins. Every coin except the Bitcoin/ BTC is an altcoin the most famous ones are Ethereum, Apecoin, Solana, and Dogecoin (doge price). These coins are renowned for being used as crypto assets and are supported by one of the leading crypto markets, Kucoin. The kucoin (kcs) is a renowned crypto exchange with a range of exciting features and with millions of users from all across the globe.
As Bitcoin is an expensive coin today, it stands at $29,362. Although it is a hot investment, most newcomers in the market are not recommended to invest in BTC as it is highly volatile. Also, it is not a good idea to invest all your money in BTC price, which gives birth to the idea of investing in less expensive altcoins and diversifying your portfolio and avoiding tying all eggs in one basket.
Why and What Altcoin to invest in?
This is one of the most asked questions, especially by the beginners; well, there are many coins to invest in Kucoin provides over 600 altcoins for traders and investors to invest in, but we have sorted out the best ones to invest in 2022.
ETH has been the most popular Altcoin from 2016 to 2022. The price has gone up by 32,000% giving. I said extremely lucrative returns to its investors in 2022 it to be one of the best investments by reputable crypto. Analysts, in the long run, it proved to be a worthful investment despite the volatility of the market and always outperformed the other coins.
You might have heard of it for the first time. Well, it was launched in 2022. However, it is a new coin. It has been one of the best coins to perform in the market credited to its amazing purposes. It could do online shopping platforms like eBay, Amazon, Walmart, and shopping.io, rewarding 2% discounts. The platform that has launched this gaming coin has produced over 10,000 NFTs (Non-Fungible-Tokens).
Best Season to Buy Altcoins
There is no best season to buy Altcoin, but there are some indicators that might prove that the market is going to improve. Here are the following.
When BTC is in Bull
When the prices of BTC go up, they become stable at one point. This leads newcomers to invest in inexpensive coins, which increases the demand for altcoins and, hence, increases their prices.
Another indicator of an upward market is the emergence of new trends in the following past years we have witnessed the trends of NFTs, and Blockchain has caused the popularity of Altcoins and hence increasing their value in 2022 the world is crazy about Web 3.0 and hence signaling an upward trend of altcoins.
Major Altcoins Prices Increases
As we know, if the prices of a coin increase, its market capitalization will increase. This is also a good indicator of the prices of leading Altcoins like ETH and XRP increase as the price of other Altcoins increases.
Thus, kucoin supports over 600 altcoins, which gives it an edge over other crypto markets, so it is the platform to start your journey and earn lucrative returns.