Bitcoin is not the only cryptocurrency in town. There are many other altcoins you can invest in, but which ones are worth your time and money? The altcoins market is a volatile one. It can be hard to tell which altcoins are worth investing in and which ones are not. Therefore, here are some of the altcoins to buy in January 2022.
Table of Contents
Stacks (STX) Price Prediction
Stacks is a new platform that allows users to build decentralized apps and smart contracts, leveraging the power of Bitcoin. The Stacks blockchain enables secure smart contracts and decentralized apps in your browser. Stacks is an ecosystem of independent entities, Hiro PBC, formerly Blockstack PBC, started the project and built the public infrastructure. The other entities are companies, open-source developers, and individuals who are also contributing to the growth of Stacks by creating value for users.
Its native coin STX powers Stacks. It is currently trading at $2.13 with a market cap of 2.7 billion dollars and has a max supply of 1,818,000,000 coins, currently ranking at #53 on CoinMarketCap.
On the 1D timeframe, STX is consolidating in a descending triangle and showing good bullish momentum; We can expect an upward trajectory after confirming the breakout.
Polygon (MATIC) Price Prediction
Polygon is a protocol and a blockchain framework that builds and connects Ethereum compatible networks. Users can add new blockchains to this network and combine solutions like the original Ethereum world. Supported by various Ethereum-compatible blockchain networks, this framework can scale effectively. Polygon combines the best of Ethereum and sovereign blockchains into a complete multi-chain system.
Its native coin, MATIC, powers the polygon ecosystem. It is currently trading at $2.35 and has a market cap of 17.1 billion dollars with a max supply of 10,000,000,000 coins, currently ranking at #13 on CoinMarketCap.
On the 1D timeframe, MATIC is moving up in an ascending triangle pattern, which is a bullish pattern. The bullish momentum has been strong, confirmed by a successful breakout. Hence, Polygon might be one of the best altcoins to buy in January 2022.
Stratis (STRAX) Price Prediction
Stratis is a blockchain-as-a-service provider that offers a lot of tools for businesses. This includes running private chains, better visibility into the network, and deploying smart contracts. Stratis gives a rich ecosystem with all the tools and Software-Development-Kits that users need to build the next-generation applications. In addition, the platform offers a decentralized, secure, and efficient service for deploying blockchain solutions.
Stratis is powered by its native coin, STRAX. It is currently trading at $1.42 and has a market cap of 188 million dollars with a total supply of 132,857,307 coins, currently ranking at #302 on CoinMarketCap.
On the 1D timeframe, STRAX prices were skyrocketing, but its price dived after it had touched the all-time high and reached the demand zone. Its prices have bounced from the strong demand zone and show bullish momentum. We have to wait for a sustained breakout to confirm this move and enter the market as STRAX might be one of the best altcoins to buy in January 2022.
Kava (KAVA) Price Prediction
Kava is a protocol built on the blockchain that allows users to borrow and lend assets. This is done without an intermediary company, so no interest rates are involved. Kava has been built with security as the number one priority. It is open-source and follows crypto best practices that ensure that users’ funds stay safe and secure as they grow.
Its native coin, KAVA, powers kava. It is currently trading at $5.44 and has a market cap of 800 million dollars with a total supply of 154,004,110 coins, currently ranking at #102 on CoinMarketCap.
On the 1D timeframe, KAVA prices went up with a strong uptrend, but its price started to decrease after touching the all-time high. It has bounced from double bottom support and was rejected from resistance. We can see a bullish rally in it after the breakout.
Livepeer (LTP) Price Prediction
Livepeer is a decentralized video streaming platform where anyone can broadcast their videos, and people can then watch them from anywhere around the world. Livepeer is an open-source project that accepts creative input from people with diverse skillsets and interests. The purpose of LPT tokens is to transcode and distribute video on the network while encouraging peers to ensure that the network is efficient and secure.
Its native coin LTP powers Livepeer. It is currently trading at $36.03 and has a market cap of 761 million dollars with a max supply of 22,906,951 coins, currently ranking at #109 on CoinMarketCap.
On the 1D timeframe, LTP prices fell with a very strong downtrend. Its price has bounced from double bottom support and rejection from resistance. We can see a bullish rally in it after the breakout.
Closing Thoughts
The most important part of trading is discipline and patience. So, according to the above analysis, the coins we just spoke about might see some decent gains. Again, it’s your hard-earned money you’ll be investing, so Do Your Own Research before investing.
Also, read
