When most people think of cryptocurrencies, they think of Bitcoin. Since 2017, Bitcoin has received extensive media attention, with dramatic headlines all across the world predicting that the price of Bitcoin will reach $100,000. Many investors gained a lot of money by investing in Bitcoin, whereas some purchased Bitcoin at a high price and lost money because they pulled out at a loss. Because of Bitcoin’s high profile, the cryptocurrency market gained public attention, and numerous other cryptocurrencies sprouted as a consequence.

The term “altcoin” directly translates to “an alternative to Bitcoin.” There are already over 14,700 listed altcoins, and the number is growing by the day. Many small investors evaluate altcoins based on how much money they can gain from price hikes. However, there are considerably more important considerations to consider before investing in cryptocurrencies. Scalability and usability are some of the most critical considerations for crypto tokens to become the top 10 listed tokens.

That being said let’s hop onto the list of the 5 best altcoins that will undoubtedly make you a billionaire in 2022.

1. 5 Best Altcoins of 2022: Tezos (XTZ)

First on our list of the 5 best altcoins is Tezos. Tezos has been a very lucrative bet for everyone who invested when it first debuted in 2017. The project was selling at $1.9 at the time, and it is now trading at $4.04. Tezos has reaped enormous benefits from the recent surge in popularity of NFTs. Several giant corporations and sports figures have already created NFTs on the Tezos blockchain. Tezos is one of the most powerful blockchains available, suitable for anything from DeFi to NFTs.

One feature that distinguishes Tezos is its smart contract security, which is critical for DeFi applications. Tezos security originates from its usage of the OCami and Michelson programming languages, which are built for code consistency. If the code is flawed, no smart contract can operate on Tezos. Tezos is now ideal for the implementation of extremely sensitive applications in DeFi and other high-security industries.

This is obvious in the use of Tezos for corporate Dapps, and the trend is expected to continue beyond 2022. Furthermore, Tezos is designed to be very decentralized. This is due to the fact that its governance structure ensures that all stakeholders have a say in the project. It’s also worth noting that Tezos doesn’t have the energy problems that have been a cause of worry for Proof-of-Work initiatives like Bitcoin. This is due to the fact that it is based on a Proof-of-Stake consensus. This has the added benefit of attracting investors looking to make a passive income from cryptocurrency.

Analysts have extremely high expectations for this project in 2022, owing to its solid foundations. Tezos, for example, is expected to trade at $21.70 by the end of 2022, according to Coin Price Forecast. That would represent a 233 percent increase over the current price. That’s a large ROI, and it makes Tezos a worthwhile investment not just in 2022, but for many years to come.

2. Fox Finance (FOX)

Next on our list of the 5 best altcoins is Fox Finance. Fox Finance is another outstanding altcoin, and it is a Binance Smart Chain auto-staking token that rewards its investors. A rolling four-year lock allocates 6% of each transaction to liquidity, with the remaining 6% given to each investor. The platform aspires to establish an ecosystem and community of awareness centered on animal conservation via the advocacy platform FOXES IN ACTION.

Because FOX is decentralized, market manipulation is impossible, investors have authority over their money, and the funds are simply secure. Furthermore, FOX is listed on Binance, which has a zero-gas fee and fast swaps.

FOX is now selling at $0.000000003941 with a Fully Diluted Valuation of $3,941,312 and there is a strong probability that it might touch $1 soon. If you believe FOX is a decent investment this year, there is a strong chance you will become a billionaire by the end of 2022.

3. 5 Best Altcoins of 2022: Internet of Energy Network (IOEN)

With a worldwide emphasis on renewable energy, the crypto industry is unlikely to fall behind. The Internet of Energy Network seems to be an intriguing option with a compelling use case.

The project proposes to leverage blockchain technology to allow homes all around the world to operate as an intelligent, cooperative electricity network. The Internet of Energy Network will use this to build scalable mini-grids, which will aid in unlocking prospects for additional renewable energy inside a small network.

Another thing to keep in mind is that the IOEN crypto accounting system is built on Holochain in the micro-grids. This is a peer-to-peer system that does not need mining. As a result, IOEN may be called a completely green token.

In terms of token value appreciation, IOEN has a fixed supply. As more grids keep joining, the demand for IOEN tokens will rise. This will result in a rise in the price of the token.

It’s also worth mentioning that the IOEN token is now available on Uniswap. However, the company has already begun the process of listing on a controlled exchange, Gate.io. The benefit here is that consumers may purchase IOEN tokens without paying hefty Ethereum gas costs on a decentralized exchange.

4. Verasity (VRA)

VRA has been on my radar for a while, but considering its current low price and market size, it is still my favorite Kucoin gem. Verasity is a fantastic use case since it provides a protocol and product layer platform for video entertainment and Esports. Its patent-pending technology is aimed at enhancing audience engagement and maximizing ad revenue for video publishers.

Given that it is attempting to tackle a $160 billion issue of fraudulent views in the internet advertising sector, the potential financial effect in real-world applications is mind-boggling. VRA just announced a substantial agreement with the up-and-coming gaming firm Axe Infinity and has promised more important announcements in the coming weeks.

Expect Binance and/or Coinbase listings, as well as the introduction of their PoV product with one of the industry’s top enterprise distribution platforms. What’s not to like about this project when you consider the 25 percent APY of staking rewards on Verawallet.com?

5. 5 Best Altcoins of 2022: Chainlink (LINK)

Last on our list of the 5 best altcoins is Chainlink. One of the reasons Arnold is optimistic about Chainlink is that it has a first-mover advantage and data stream communications. Chainlink is the most extensively utilized decentralized Oracle Network, safeguarding billions of US dollars in value for live applications across several blockchains and business cases.

Moreover, the project features a slew of exclusive major partnerships with major biggies – Google, as well as Oracle. Chainlink Technology has already been utilized by over 75 distinct blockchains, as well as by various data streams, including USD currency pairings.

With 76 new integrations in August 2021, the Chainlink ecosystem continues to grow. September surpassed this historic milestone with 84 new integrations, including Cardano’s collaborative partnership to integrate Chainlink’s oracles and Chainlink’s proof of reserve data feed for wrapped Filecoin on Gemini.