Top 5 Altcoins To Watch in 2022

• • Altcoin refers to any other cryptocurrency apart from Bitcoin.
  • Zilliqa is one the top overlooked altcoins

Altcoin refers to any other cryptocurrency apart from Bitcoin. Ethereum is the most popular altcoin. There are over 20,000 cryptocurrencies according to price-tracking website CoinMarketCap. Bitcoin makes up about nearly half of the total crypto market cap and Ethereum makes up nearly a quarter. Altcoins occupy the remaining market share which is about 40 percent.

Here is a list of top low cap altcoins that are overlooked according to a top analyst

1. Theta (THETA)

Theta is a software that seeks to incentivize a global network of computers to operate a decentralized video streaming platform. As more people join the network more bandwidth is available hence improving on the quality of the videos.

Currently, Theta has a market cap of $1 billion placing it as the 45th largest cryptocurrency, while the price of one THETA is $1.12 after reaching an all time high of &15.90. There are total of  1,000,000,000 THETA tokens in circulation which is also the maximum supply.

2. Compound (COMP)

It is an Ethereum platform that enables community governance of the Compound protocol. This protocol is a series of decentralized interest rate markets that allow users to supply and borrow Ethereum tokens at variable interest rates. COMP token holders and their delegates can also debate, propose, and vote on changes to the protocol.

In a blog post Robert Leshner, founder of compound wrote;

Compound III is a streamlined version of the protocol, with an emphasis on security, capital efficiency, and user experience. Complexity wasn’t added — it was removed. What remains is the most effective tool for borrowers in DeFi.

Currently, Compound has a market cap of $445 million placing it as the 79th largest cryptocurrency, while the price of one COMP is $61.07 after reaching an all time high of $911.20. There are a total of 7,267,152 COMP in circulation and the maximum supply is 10,000,000 COMP.

3.Zilliqa (ZIL)

Zilliqa is a software platform that seeks to incentivize a global, distributed network of computers to run a blockchain platform that aims to increase user scalability through sharding. It is a number one competing blockchain aiming to grow an ecosystem of decentralized applications (DApps) and cryptocurrencies such as Ethereum.

Sharding – involves splitting and distributing data among several interconnceted blockchainsto support more transactions.

Zillica launched a programme called Scilla, that enables developers to write and launch dApps intended to replicate real world services.

Currently Zilliqa has a market cap of $441 million placing it as the 80th largest cryptocurrency, while the price of one ZIL is $0.03 after reaching an all time high of $0.25. There are a total of 13,325,525,353 ZIL in circulation and the maximum supply is 21,000,000,000 ZIL.

4. Hedera hashgraph (HBAR)

Hedera is a cryptocurrency network seeking to serve as a platform on which anyone can transact and deploy applications, but where a group of businesses oversee the software. The difference of hedera and other platforms is that it allows only approved nodes to participate in determining transaction history. This way Hedera is able to achieve quick finality, reducing the likelihood changes to the state of transactions might later be made.

Currently Hedera has a market cap of $1 billion placing it as the 39th largest cryptocurrency, while the price of one HBAR is $0.06 after reaching an all time high of $0.05. There are are total of 22,968,168,351 HBAR in circulation and the maximum supply is 50,000,000,000 HBAR

In a tweet on August this year, Hedera confirmed that Coinbase listed $HBAR

Coinbase listing $HBAR is a bullish news on the regulatory side as well, because #Hedera has always been cautious with US #crypto regulations especially with Exchange listings.

I believe that was one of the main reasons for @Coinbase taking so long.

Big things coming 🚀

— $HBAR to the Moon | Moon Peep (@hbar_to_moon) August 26, 2022

5. Quant (QNT)

The quant project comprises of the over ledger blockchain operating system and QNT token, both tasked with ensuring interoperability between multiple blockchains and enabling linking between global networks and chains with more flexibility. The system is billed as the first OS to be built for blockchains with the goal to connect blockchains and networks on a global scale without hindering their interoperability.

Currently Quant has a market cap of $1 billion placing it as the 43rd largest cryptocurrency, while the price of one QNT is $104.4 after reaching an all time high of $428.3. There are a total of 12,072,738 QNT in circulation and the maximum supply is 14,612,493 QNT