2021 was a great investment for some of us. Some rode the dogecoin bubble, some turned billionaires from Ethereum's all-time highs while unfortunately, some missed out on the biggest bull moves of the decade.
But what if there was a way to know about these moves before they happened? What if you could discover the top 5 best altcoins you can invest in for 2022. If you ever wondered about that, today's your lucky day because, in this article, we will explore 5 of the best altcoins you can put your money in the coming year.
1. Terra (LUNA)
LUNA is a cryptocurrency developed by Terraform- a lab owned by Do Kwon and Daniel Shin. It is being hosted on the Terra blockchain. Terra blockchain, like Ethereum blockchain, is a specialized blockchain.
It is a blockchain network that works around the volatile nature of cryptocurrencies. It utilizes algorithms that produce stable coins or crypto assets with stable values. This is achieved by linking them with external assets like gold or US dollars.
The Terra protocol helps in creating fiat-like crypto assets that have a public ledger and is settled instantly with low transaction fees. It is the first of a kind. LUNA is the native staking token of the Terra blockchain which is used in mining and for governance.
By governance, this implies that users and validators have the power to effect changes to the blockchain. They submit, vote, and implement proposals. If you invest in LUNA, you can earn more by staking it with validators. These are the people who record and verify transactions on the blockchain to earn rewards from gas, stability fees, and swap fees.
The more users interact with the Terra protocol, the more the value of LUNA
