Which Altcoin is a safe bet for putting your money into?

by | Aug 5, 2022 | Crypto | 0 comments

When it comes to investment, planning is important. Stock markets are popular in this context. However, all across the globe, crypto’s skyrocketing (or falling to ashes) values have piqued the interest of people.

Of course, financial advice is not offered here. But, the article focuses on helping one find the best buy cryptocurrency based on the current trends. So, keep scrolling!

Bitcoin

Bitcoin, the most valuable crypto in the world, is also the first cryptocurrency. Also, the market cap of this currency is more than 813 billion dollars. The original digital coin still defines the crypto market.

top 10 cryptocurrency 2022

Other than Bitcoin, all other cryptos are known as ‘altcoins’ or non-BTC tokens. Further, “Bitcoin dominance” is the meter that gauges the evolution of space. The latest value of this high liquidity currency is 39,693 USD, making it the best buy cryptocurrency.

Ether or ETH

Ether is far newer than the first currency, Bitcoin. It only came into the scene in 2015. Yet, it ranks second after BTC. Ethereum network’s innovation was to burgeon the field of DeFi or decentralized finance.

new cryptocurrency release 2022

It is an expansive finance area. The market share is half of Bitcoin, 360 billion dollars. Ethereum allows peer-to-peer financial transactions (trustless). It processes five times as many transactions compared to Bitcoin. Moreover, it saves users money, time, and hassle, cutting out third parties.

SOL or Solana

Investors often debate the merits when they purchase cryptocurrency: Bitcoin v/s ethereum. However, a dominant question here for those who buy crypto with a credit card is which network would be higher in DeFi.

best crypto under 1 cent 2022

The cryptocurrency market is massive. Although Solana is the fourth-best crypto, it is still way behind Ether. One can exclude stablecoins here. The market cap of SOL is 42 billion. That is one-tenth of the market cap of Ether.

On the bright side, Solana is the fastest blockchain. It processes 2500 transactions per second! Compared to 2021, SOL is 200 percent up. So, that suggests it is outperforming Ether and Bitcoin.

XRP

It is a digital asset by Ripple Labs and aims to make the global payment network strong. Also, XRP has greatly lowered third-party roles in financial transactions, thereby building DeFi. As of April 2022, this cryptocurrency’s price is 72 cents.

next big cryptocurrency

The market cap is 35 billion US dollars. However, due to a lawsuit, trading of XRP on the site isn’t permitted. So, one can buy crypto with a credit card on Kraken, Binance, and Huobi Globa.

BNB (Binance coin)

Forget about COIN (Coinbase Global Inc.). For someone truly interested in the global asset class, cryptocurrency, go for the largest crypto exchange. Also, it transcends borders.

What is the best altcoin to invest in right now

The native cryptocurrency of Binance is BNB. It is the most dominant cryptocurrency exchange on earth. Even though Binance isn’t in the same league as Ether and Bitcoin, it isn’t far behind. BNB has the third-largest market cap of 66 billion dollars, excluding stablecoins, among tokens.

LUNA (Terra)

The fifth best purchase cryptocurrency in the market is LUNA. It is a resilient token, a native of the blockchain protocol, Terra. However, LUNA is quite different from the cryptos mentioned in the section above. Its stablecoin TerraUSD is the third-largest stablecoin in the market.

Which Altcoins will explode in 2022

Investors may consider Terra’s LUNA as a bet on the stable coins growing popularity. It is a type whose value gets pegged to convert cryptocurrencies (fiat). Further, the good part is the UST market cap has reached 34 billion dollars. It is also 600 percent up compared to 2021.

AAVE (Aave)

The next worth purchase cryptocurrency is AAVE. It is a player in the DeFi space. Also, DeFi, as mentioned above, is decentralized finance. Aave is the smallest crypto project here, with a market cap of just 2.42 billion dollars. So, that makes it more volatile.

What is the most promising altcoin

However, a low market cap is a plus in bull markets, even though bad in bear markets. That goes to the remarkable rally of Aave of 53.2 percent in March. Further, Aave is also known as a decentralized lending protocol. It allows users to take out loans in twenty cryptocurrencies.

What else should you know?

In the race of altcoin blockchain business, Ethereum isn’t the only leader. Cardano’s ADA is growing fast. More than four hundred projects are being built here.

Apart from that, Avalance is a smart-contracts platform worth an investment this April. It is also the fourth-most-used blockchain. Also, the market cap of Avalance is 21 billion dollars!

Conclusion

Altcoins are growing at an unexpectedly fast pace. Although Bitcoin leads the market in terms of investors’ faith, others do not lag far behind. So, this month, buy crypto at Ethereum, Solana, or LUNA.

RECENT POSTS

10 Cryptocurrencies To Invest In 2023 Before It Goes To Moon

10 Cryptocurrencies To Invest In 2023 Before It Goes To Moon

Cryptocurrencies are digital or virtual passes that use cryptography to ensure their transactions and prevent the creation of new units. Cryptocurrencies are decentralized and not under the country or financial institution's management. Cryptocurrencies are usually...

Can We Buy Real Estate Through Cryptocurrency?

Can We Buy Real Estate Through Cryptocurrency?

Real estate bought with cryptocurrency is fast becoming popular with buyers, sellers, and investors. Many investors have become very wealthy through this technology and are now exploring real estate as an investment opportunity. Using Crypto to purchase real estate...

Which Were the Most Trusted Crypto Wallets in 2013?

Which Were the Most Trusted Crypto Wallets in 2013?

You may transmit and receive cryptocurrencies such as Bitcoin and Ethereum by using crypto wallets, which keep your private keys or the passwords that let you log in to your cryptocurrency safe and readily available. They can be found in a variety of formats, from...

Is Cryptocurrency Safe?

Is Cryptocurrency Safe?

It's possible to earn a lot of money by investing in Cryptocurrency, but you need to understand the volatility of this instrument. Investing in Cryptocurrency is potentially profitable but risky also. Cryptocurrency is a sought-after investment if you wish to have...

How to Invest in Cryptocurrency?

How to Invest in Cryptocurrency?

Cryptocurrency has gradually become a part of the mainstream investment asset class. It is growing to become a part of the diversified investment portfolio, but it may still be difficult to figure out how to invest in Crypto. Moreover, a cryptocurrency exchange is...

How to trade cryptocurrency?

How to trade cryptocurrency?

Meaning of Cryptocurrency Although there are thousands of cryptocurrencies in the market, they are all based on blockchain technology, which makes them decentralized. This decentralization through cryptocurrencies has several benefits over the traditional financial...

Which Crypto will make me a millionaire?

Which Crypto will make me a millionaire?

The popularity of Cryptocurrency has been growing with each passing minute. While Cryptocurrency is not only about one who buys a cryptocurrency and holds it, it extends beyond these boundaries. The main intention of the investor who invests is to see fortunate and...

When Should I sell My Cryptocurrency?

When Should I sell My Cryptocurrency?

Investing in Cryptocurrency markets can be a rollercoaster. However, the best profits results are seen when you are aware of when to buy Cryptocurrency and when to sell them. Like investing in stocks, one of the prime factors is to know when you should buy stocks and...

How do I convert Bitcoin to cash?

How do I convert Bitcoin to cash?

Cryptocurrency is being viewed as a new revolution in the world of finance. But the question of whether these crypto coins can be used to make payments in daily lives or pay for travel tickets is still unanswered to many. Yes, you may do so in the future, but as of...

CATEGORIES

FOLLOW US

RELATED POSTS

10 Cryptocurrencies To Invest In 2023 Before It Goes To Moon

10 Cryptocurrencies To Invest In 2023 Before It Goes To Moon

Cryptocurrencies are digital or virtual passes that use cryptography to ensure their transactions and prevent the creation of new units. Cryptocurrencies are decentralized and not under the country or financial institution's management. Cryptocurrencies are usually...

Can We Buy Real Estate Through Cryptocurrency?

Can We Buy Real Estate Through Cryptocurrency?

Real estate bought with cryptocurrency is fast becoming popular with buyers, sellers, and investors. Many investors have become very wealthy through this technology and are now exploring real estate as an investment opportunity. Using Crypto to purchase real estate...

Which Were the Most Trusted Crypto Wallets in 2013?

Which Were the Most Trusted Crypto Wallets in 2013?

You may transmit and receive cryptocurrencies such as Bitcoin and Ethereum by using crypto wallets, which keep your private keys or the passwords that let you log in to your cryptocurrency safe and readily available. They can be found in a variety of formats, from...

Is Cryptocurrency Safe?

Is Cryptocurrency Safe?

It's possible to earn a lot of money by investing in Cryptocurrency, but you need to understand the volatility of this instrument. Investing in Cryptocurrency is potentially profitable but risky also. Cryptocurrency is a sought-after investment if you wish to have...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *