2022 was a terrible year for cryptocurrencies. Most cryptocurrencies have dropped 50% since November 2021. Several cryptocurrencies offer a tempting investment opportunity as the market bottoms out.
5. Chainlink (LINK)
Chainlink is a blockchain framework that enables the integration of globally connected smart contracts. It’s also a decentralized network of nodes that uses oracles to send data from off-chain sources to smart contracts running on the blockchain. In 2019, the network went operational, allowing blockchains to securely communicate with events and other data streams. This form of data includes stock prices, sports scores, and other data streams.
Today’s LINK prices are significantly reduced, with a current price of $7. If the crypto market recovers, the price of LINK may easily reach its next target of $14, resulting in a 100 percent profit.
$7.1 is the current price.
$3.3 billion is the current market capitalisation.
#27 in terms of market capitalization
4. Binance Coin (BNB)
(BNB) Binance is one of those crypto ventures that doesn’t require much explanation. Binance is the most popular cryptocurrency exchange and storage platform. It is one of the largest centralized exchanges, offering a wide range of cryptocurrencies. The company is constantly evolving and introducing new features while maintaining the integrity of its operations.
Their token, BNB, has fallen in value in tandem with the crypto market, and is currently trading at roughly $300. When the crypto market rebounds, BNB prices might easily return to their original level of $600, resulting in a 100% return. Prices must first break through the $363 and $445 price barriers to achieve this.
The current price is $300.
$49 billion is the current market capitalization.
#5 in terms of market capitalization
3. Avalanche (AVAX)
Avalanche is a blockchain technology that focuses on scalability, security, and decentralization. In September of 2020, it went live. The speed, flexibility, cost, and accessibility of bitcoin have overcome three significant difficulties in the business. Avalanche can help any smart contract-enabled Decentralized Application (DApp) surpass its competitors. Avalanche is similar to Ethereum in terms of functionality. It uses the Proof of Stake (PoS) consensus process, which is similar to that of Ethereum.
During the recent crypto meltdown, the price of AVAX plummeted by more than 80% YTD. However, at roughly $21, its prices created a support area. AVAX can at least achieve a price of $30 from here, with a proper comeback with the crypto market, resulting in a decent 50% return.
$24.1 is the current price.
$6.5 billion is the current market capitalization.
#15 in terms of market capitalization
2. Ripple (XRP)
Following the tough SEC litigation case, many people are still waiting for XRP to recover. The latter obliterated XRP pricing, making it one of the only cryptocurrencies to never reach its prior all-time high. Ripple is a project that allows users to send, receive, hold, and move money across borders in a quick and secure manner. Our existing system, which is based on banks and payment gateways, is inefficient, fragmented, and costly. From anywhere in the planet, the Ripple corporation can settle transactions in 3 to 5 seconds. In fact, it is far faster than Bitcoin and Ethereum!
On the 10th of May 2022, the price of XRP plummeted below $0.50. The entire crypto market has fallen, but the current price of XRP is extremely dangerous. Prices were able to hold thanks to a robust consolidation around $0.40. If the market recovers quickly, XRP should once again approach $0.70, a solid support level.
Price right now: $0.39
$18.8 billion is the current market capitalization.
#7 in terms of market capitalization
1. Cardano (ADA)
Cardano’s ADA token is the last cryptocurrency on our list of the best 5 altcoins to buy in June 2022. Cardano is a delegated Proof of Stake (dPoS) blockchain that works in a similar way to Ethereum in terms of smart contracts. This project’s marketing promotes a scientific approach. Under Charles Hoskinson, progress is slow, with many deadlines already being pushed back. The Basho upgrade, on the other hand, is expected to arrive in Q3 of 2022. Investors are eagerly anticipating this announcement, which should boost the Cardano project’s worth.
After a harsh drop, the ADA token saw a spike in price, reaching a low of $0.44. However, prices have begun to rise, and if the crypto market rebounds quickly, they should be on their way to $0.80.
Price right now: $0.56
$18.9 billion is the current market capitalization.
#6 in terms of market capitalization
