WatcherGuru, a news and analytics resource for cryptocurrencies, shared 3 low-cost altcoin projects for a $1,000 portfolio.
3 altcoins to invest in 2022 from WatcherGuru list
WatcherGuru analysts’ top pick is Ripple (XRP) with a market cap of $22.8 billion. Ripple is currently in the middle of the most talked about cryptocurrencies in the market. Ripple, the company behind the XRP token, has been in legal action with the SEC since 2020. Therefore, the XRP price has been under pressure in the past bull.
But new reports indicate that the case will soon be over. If Ripple wins the case, the XRP price will most likely gain momentum in terms of price. On the downside, however, if the SEC wins the case, XRP’s price could visit new bottoms. Analysts urge caution before entering XRP, although this is an ideal choice for the list.
Cardano is the 8th largest cryptocurrency in the world with a market cap of $12 billion. The network’s native currency, ADA, is low value despite various use cases in the blockchain technology world. In the middle, the PoS Blockchain platform completed the Vasil upgrade last month. Currently, the Cardano ecosystem hosts more than 1100 projects. Thus, it opens its wings in the field of Blockchain.
Cardano will likely add more use cases in the future as more projects join its network. That’s why ADA is part of every long-term portfolio.
Shiba Inu (SHIB)
SHIB is the 15th largest cryptocurrency with a market cap of approximately $6 billion. The token, which gained fame in a short time, became indispensable for individual investors after its launch in August 2020. Later, he stepped into various branches both in Blockchain and real life.
SHIB ventured into food, fashion, and image games with Welly’s restaurant, John Richmond outfits, and the ShibaEternity portable game, respectively. Additionally, SHIB: The Metaverse is ready to release ShibaSwap and Shibarium. Shibarium has features that support the Shiba Inu in terms of price. It will also support the community’s supply reduction efforts.
In the middle, Shiba Eternity, a new game trial from Shiba, is currently in testing phase. The game was opened to users from Vietnam and Austria in the past two months. Koindeks.com As we reported, the Shiba team recently published a guide for new players. Shiba Eternity currently has a 4.7 rating from players on Android and iOS platforms. The game is planned to be released to the whole world next year.