With the third week of January right before us, investors are looking for the best altcoins to buy. This article shows the best altcoins right now, with the market still battling the bears and looking to break out of its slump.
1. Dogecoin (DOGE)
Dogecoin kicks off our list of the best altcoins to buy as the current week comes to an end. It is the most popular meme coin in the market, and it already has a legion of undying fans on the internet and across social media platforms.
By the sheer size of its fanbase, it’s easy to see why Dogecoin is a good investment. However, the asset’s developers are now pivoting to make it a serious cryptocurrency with a real use case.
This week, Tesla CEO Eon Musk made good on a promise to sell company merch and accept Dogecoin as a means of payment. Tesla’s official store now accepts Dogecoin for merch payments, making it the first company to use the meme coin for actual payments.
Musk has spoken a big game about Dogecoin and its potential for payments in the past. Now, he appears to be putting his money where his mouth is.
As expected, the reception to this has been raucous. Dogecoin’s price has been up 11% in the past 24 hours, and this news could cause it to jump even higher.
Now, it will be interesting to see who else follows Tesla’s footsteps and accepts Dogecoin for payments.
Besides the payment breakthrough, the Dogecoin Foundation recently confirmed plans to bring staking to the dog-themed asset. Staking is a hot trend in the market right now, and making Dogecoin stakable will be the next step in establishing the asset as a true cryptocurrency with massive potential.
2. Binance Coin (BNB)
BNB is the native token for Binance – the world’s top cryptocurrency exchange. It features on our list of the best altcoins to buy for many reasons, all of which are related to the exchange.
For one, Binance’ CEO Changpeng “CZ” Zhao was recently named the richest man in crypto. With a net worth of $96 billion, Zhao is the world’s 11th richest person, one spot ahead of Indian oil magnate Mukesh Ambani.
Also, Binance itself is looking to expand significantly in the new year. The company suffered different setbacks in 2021, primarily as it found itself repeatedly in the crosshairs of regulators worldwide.
From the United Kingdom to Italy, Binance became the poster child for crypto companies that could seemingly do no right.
But, all of that is changing in 2022. The company got approval to operate in Canada and the Kingdom of Bahrain three weeks ago and tapped two new compliance executives to lead its entry into Russia, Ukraine, and the Commonwealth of Independent States (CIS) this week.
As a side note, the exchange is also an official sponsor of the African Cup of Nations (AFCON) tournament. This initiative could strengthen its ties to the second most populous continent.
Binance is already the world’s top exchange, but it is looking to expand its influence even more in the future. As the company gets bigger, so will BNB’s value.
3. Solana (SOL)
SOL is the native token for Solana – one of the world’s most popular blockchain platforms at the moment. The asset got its big break in 2021, as developers began to move from Ethereum and look for alternative blockchains to build on. Among the famed “Ethereum killers,” Solana emerged as the preferred choice.
Now that Solana has carved a niche for itself in the crypto market, the blockchain is also looking to grow. And, its efforts so far haven’t gone unnoticed.
This week, Alkesh Shah, a digital asset strategist at Bank of America, predicted that the platform could become the “VISA of crypto” soon.
Shah explained that Solana offers low cost and high transaction throughput in a research note. This makes it perfect for some of the crypto industry’s latest trend catchers, including “micropayments, decentralised finance (DeFi), non-fungible tokens (NFTs), decentralised networks (Web3) and blockchain gaming.”
Currently, everyone sees the growth potential for Solana. Despite being less than two years old, the blockchain’s SOL token has risen to become the crypto industry’s fifth-largest asset.
As the blockchain space grows, Solana will have an increasingly important role. This makes SOL an attractive investment across the board.
4. Polygon (MATIC)
Another great name among the top altcoins to buy right now is MATIC. The asset is the native token for Polygon – a layer-two scaling solution for Ethereum that has become more popular in recent months.
Polygon offers a scaling solution for Etheruem, allowing developers to bypass the latter’s high transaction fees and increasing latency when building. It is also a platform where developers can build and launch their fully-functional blockchains and decentralised applications (dApps).
Recently, Polygon has been getting a lot of praise for its seamless compatibility with non-fungible tokens. On Tuesday, the Associated Press (AP) – one of the world’s foremost news and publishing outlets – launched an NFT marketplace on the Polygon blockchain. With this marketplace, AP photographers would be able to sell some of their most iconic snaps as NFTs.
Independent data also shows that NFT activity on Polygon has been increasing in several months. MATIC just might ride the NFT train in 2022.
5. Osmosis (OSMO)
Last on our rankings of the best altcoins to buy right now is OSMO – the native token for DeFi protocol Osmosis.
Osmosis is the first decentralised exchange (DEX) that serves projects connected through the Interblockchain Communication Protocol (IBC).
It is a growing project in the DeFi sub-industry, and as history shows, DeFi projects that have become popular tend to do well. OSMO’s price has jumped by over 100% in the past month, culminating in an all-time high of $32.
The price increase comes as Osmosis continues to grow significantly. Trading volumes on the platform hit a record high of $186.8 million on January 7, and the total value locked in the protocol is currently at a record high of $1.23 billion. With strong fundamentals everywhere, OSMO is quite attractive as well.
Read more:
Check live crypto rates here
Start trading today – See our list of exchanges
Good day! I could have sworn I’ve been to this site before but after
reading through some of the post I realized it’s new to me.
Anyhow, I’m definitely glad I found it and I’ll be book-marking and checking back
often!
Hi, There’s no doubt that your web site could possibly be having web browser compatibility issues.
When I look at your website in Safari, it looks fine however when opening in Internet Explorer, it’s got some overlapping issues.
I just wanted to give you a quick heads up! Besides that, excellent site!
Do you have a spam problem on this site; I also am a blogger, and I
was curious about your situation; we have created some nice procedures and we
are looking to trade solutions with others, why not shoot me an e-mail if interested.
If you want to get a good deal from this post then you have to apply these
methods to your won web site.
I am regular reader, how are you everybody? This piece of writing posted at this
website is genuinely fastidious.
Howdy very cool blog!! Man .. Excellent .. Wonderful .. I’ll bookmark your
website and take the feeds also? I am glad to search out a lot of helpful information right here in the publish, we need work out
extra strategies on this regard, thanks for sharing.
. . . . .
We’re a group of volunteers and opening a new scheme in our community.
Your web site provided us with valuable information to work
on. You’ve done an impressive job and our entire community will be thankful to you.
I am really enjoying the theme/design of your web site.
Do you ever run into any internet browser compatibility problems?
A few of my blog audience have complained about my blog not operating correctly in Explorer but
looks great in Opera. Do you have any advice to help fix this problem?
It’s perfect time to make some plans for the future
and it’s time to be happy. I’ve read this post and
if I could I want to suggest you few interesting things or suggestions.
Perhaps you can write next articles referring to this article.
I wish to read even more things about it!
We stumbled over here different web address and thought I may as well check
things out. I like what I see so i am just following you.
Look forward to looking over your web page again.
Thanks for finally writing about > 5 Top Altcoins
to Buy This Week [DOGE, BNB, SOL, MATIC, OSMO] January 2022 Week 3
– The Cryptonium – Cryptocurrency & Bitcoin – Rates & News
< Liked it!
Hi there, i read your blog occasionally and i own a similar
one and i was just wondering if you get a lot
of spam comments? If so how do you stop it, any plugin or anything you can advise?
I get so much lately it’s driving me insane so any support is very much appreciated.
I used to be able to find good advice from your content.
I am actually happy to read this webpage posts which carries
lots of valuable facts, thanks for providing these kinds of statistics.
It’s amazing to visit this website and reading the views of all
friends on the topic of this post, while I am also keen of
getting knowledge.
magnificent issues altogether, you simply received a brand new reader.
What may you recommend in regards to your put up that you made some days in the past?
Any positive?
Why visitors still use to read news papers when in this technological globe the whole thing is available
on web?
This paragraph will help the internet viewers for setting up new blog or even a weblog from start
to end.
Hi there to all, how is the whole thing, I think every one is getting more from
this web site, and your views are fastidious designed for new people.
This article provides clear idea in favor of the new users of blogging, that genuinely how to do running a blog.
You really make it seem so easy along with your presentation however
I to find this topic to be actually something that
I feel I might by no means understand. It kind of feels too
complicated and extremely extensive for me.
I am taking a look ahead for your subsequent publish, I’ll try to
get the grasp of it!
Hi there, You have done an excellent job. I will definitely digg it
and personally recommend to my friends. I am sure they’ll be benefited from this web
site.
It’s very trouble-free to find out any matter on web as compared to books, as I
found this post at this website.
Hi mates, its great piece of writing concerning teachingand completely explained, keep it up all the time.
Touche. Sound arguments. Keep up the great spirit.
Wow, this article is nice, my younger sister is analyzing such things,
so I am going to tell her.
I am genuinely thankful to the holder of this website
who has shared this great post at at this time.
Having read this I believed it was really enlightening.
I appreciate you spending some time and effort to put this informative article together.
I once again find myself personally spending way too much time both reading and commenting.
But so what, it was still worth it!
Howdy are using WordPress for your blog platform? I’m new to the blog
world but I’m trying to get started and set up my own. Do you require
any html coding expertise to make your own blog?
Any help would be really appreciated!
I’d like to find out more? I’d love to find out more details.
This is the perfect site for anybody who wants to understand this topic.
You realize so much its almost hard to argue with you (not that I personally
would want to…HaHa). You definitely put a fresh spin on a topic that has been written about for many years.
Excellent stuff, just excellent!
You need to take part in a contest for one of the most useful websites on the web.
I am going to recommend this site!
What’s Going down i’m new to this, I stumbled
upon this I’ve discovered It absolutely useful and it has helped me out loads.
I am hoping to give a contribution & assist other users like its helped me.
Good job.