If you want to invest in cryptocurrency, You Want the Best Crypto to buy. In 2022, the cryptocurrency industry started off to a rocky start, with the global market value plunging by more than half from November’s all-time highs.
Many people are assuming as to whether Bitcoin has finally reached its bottom. In the near future, President Biden is likely to make some crypto-related decisions, which might have a substantial price impact on crypto investors. Due to the ongoing uncertainties, February is an opportune month to remain with more established cryptos. Prices may fall even more, but the fact that many are trading at significantly lower levels than past highs is another incentive to keep a watch on certain old favorites.
Best websites to buy cryptocurrency such as Binance, Coinbase Exchange, FTX, Kraken, Kucoin, Huobi Global, etc. Wondering which cryptocurrency to buy right now. Here is a list of things to consider investing in.
Here’s The 7 Best Cryptocurrencies to Buy Now
With a market capitalization of $37 billion, the token is currently trading at $86.10. According to the CoinMarketCap rankings, it is currently the seventh-largest cryptocurrency in terms of market capitalization. Solana is one of the most potential cryptocurrencies in terms of growth in the year 2022. This Ethereum competitor can process over 50,000 transactions per second. It’s also recognized for supplying crypto wallets with smart contracts. In October 2021, the market witnessed a strong bull run, owing in large part to price rises in digital currencies such as Bitcoin and Ether. SOL, on the other hand, outperformed them all in a month, surging 41.89 percent.
Ironically, unlike numerous other large-cap coins, SOL’s gains did not cease at the end of October.SOL has been on another rampage, despite Bitcoin and Ether taking a rest at the start of November.
The currency first went on the market in November for $198.93, and it swiftly surpassed its previous high to hit a new high of $259.06 on November 6, 2021. With these results, it’s safe to assume that SOL will continue to be the best performance among large-cap currencies in November. If SOL’s success from the previous year is any indication, the token is in good shape.
Things grow even better when you consider the number of Solana integrations that are currently taking place. The majority of long-term crypto investors look for projects that will grow in value over time. Solana’s creators are well aware of this, and they’ve been forging relationships to secure the Solana blockchain’s long-term viability.
The cryptocurrency is now trading at $1.78 and has a market capitalization of $13 billion. Matic is one of the cryptocurrencies that are likely to gain traction in 2022. It’s a token with a huge chance of exploding in 2022.
The Polygon network, which is gradually becoming one of the greatest Ethereum scaling options, powers Matic. Matic is doing well since the number of developers switching to the polygon mainnet is rapidly expanding. Matic is displaying all of the bullish growth indicators that Polygon is.
Matic will continue to grow in order to meet the growing demand for Polygon scaling solutions. Currently, the crypto coin is green, but it may turn bullish in the following days. Last year, the token had a series of projects, one after the other.
After Polygon’s trend channel was broken to the negative, MATIC price is positioned for a big bullish reversal of the previous downtrend. Thanks to that correction, bulls were able to stop and turn the slide at $1.40, driving the price back towards the 200-day Simple Moving Average (SMA) at $1.63. With that move, the Relative Strength Index (RSI) crossed the oversold threshold, creating a bullish lower extremity reaction.
The Terra network is a cryptocurrency that is not Bitcoin, but is comparable to Ethereum, Cardano, and Solana in terms of functionality.
The Terra network, with its native cryptocurrency LUNA, is a smart contract-enabled cryptocurrency as well, but it differs from the others in that it focuses on something entirely different. When it comes to Terra as a corporation, it may be compared to a cross between a bank (like FNB) and a payments network (like Visa), with the goal of making banking and payments more affordable and faster. Some may be surprised to learn that Terra Networks’ LUNA cryptocurrency was the best-performing investment in the previous year, with a return of over 14 700 percent in 2021.
Fantom is another cryptocurrency worth considering for your investment portfolio. Fantom has a lot of cool features that are going to make it a big thing in the blockchain world. It’s safe, allows for lightning-fast transactions, and is open-source, permissionless, and decentralized.
The coin has a market capitalization of more than $3 billion and a recent trading volume of a large amount. As the coin’s prominence in the crypto business develops, this tendency will continue beyond 2022. In 2022, it is a feasible currency to buy in and expect good returns.
Avalanche (AVAX) is one of the most promising Defi coins to invest in. Because of lower transaction fees and speedier transactions, the coin competes directly with Ethereum. Currently, the currency promises to be the crypto and blockchain industry’s fastest smart contract platform.
Avax has secured $230 million to fund its efforts, and it has forged important partnerships with other blockchain startups such as Graph, Chainlink, and SushiSwap. With the rate at which this coin is progressing and the level of interest it is generating in this market, it is certain to be a top contender to invest in and monitor in 2022.
In 2022, Kava Network, a decentralized finance (Defi) platform for lending and borrowing crypto assets, will update its network to Kava 10, which will include Ethereum Co-Chain in addition to the present Cosmos blockchain.
Despite the excitement surrounding the introduction, the native token Kava (KAVA) experienced a tumultuous ride in 2022, coinciding with a wider drop in cryptocurrency markets. The token regained momentum in the summer of 2020 after hitting an all-time low in March. The token’s price had risen 1256.98 percent since its all-time low on August 8, reaching $4.6653.
After a statement that Kava had entered into a collaboration with Injective Protocol, the KAVA token continued to rise steadily, climbing 9.12 percent to $5.091 on August 16th.
MANA is one of the most appealing cryptos now sweeping the crypto market. In November of this year, the coin reached an all-time high of $5.85.The coin, however, has no connection to BTC and is not promoted. However, for those who are familiar with the coin, it has been in existence since 2015 and is unquestionably a sound investment.
The most popular metaverse game is Decentraland. Investing in this blockchain-based game will help to raise the price and provide you with the profit you require. This is the fastest-growing market, having the potential to propel the game industry’s future.
MANA is fundamentally a game, and anyone can participate in the gameplay environment. Looking at the assumptions of virtual land ownership in the metaverse in general, there may be an advantage to being hard in owning MANA.
The possibility of a faster return on investment in the short term is the most prevalent reason for trading cryptocurrency. Experts say, however, that investors can use tokens to reduce risk because some low-cost coins or projects do not necessitate a large investment. Cryptocurrency has now gone mainstream, thanks to popular acceptance.
Everyone, on the other hand, wants to know how to pick the right coin for their budget in order to establish a solid portfolio. To open a crypto account, you do not require a huge sum of money. All you need is a little bit of information and some good fortune.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of cmnnews.live. Every investment and trading move involves risk, you should conduct your own research when making a decision
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