100 USDT
In a time of market doubt, crypto investors are perplexed. Should they sell off assets to avoid future losses, or will the market recover soon?
Crypto markets have always recovered from downturns, but every bear market has its casualties that never fully recover. So, it’s crucial to invest in crypto projects with a strong chance of thriving post-downturn.
Here are 12 compelling crypto options based on liquidity, technology, market leadership, and key factors. The top selections will be updated weekly.
- Bitcoin: Decentralized peer-to-peer cryptocurrency
- Ethereum: Leading blockchain for smart contracts
- Injective: Specialized blockchain for DeFi
- Solana: High-performance blockchain for smart contracts
- XRP: Efficient digital currency
- Uniswap: Largest DEX on Ethereum
- BNB: Popular cryptocurrency in the Binance ecosystem
- Mina Protocol: Ultra-lightweight blockchain
- Cosmos: Network of interoperable blockchains
- Litecoin: Faster and cheaper alternative to Bitcoin
- Shiba Inu: Second-largest meme coin
- Sui: Scalable blockchain with parallel transaction execution
Best Cryptos to Buy Immediately
Let’s highlight three cryptocurrencies with recent developments or upcoming events.
- Bitcoin: Surpassed its all-time high against the US dollar.
- Ethereum: Exceeded $4,000 for the first time since December 2021.
- Injective: Launched inEVM, allowing developers to build dApps with EVM compatibility.
Choosing a crypto to buy is only the first step. Selecting the right platform and storage solution is equally important.
We recommend transferring your crypto to a hardware wallet after purchase on an exchange. KuCoin and Ledger are a great starting point.
1. Bitcoin (BTC)
Bitcoin is a decentralized, peer-to-peer cryptocurrency launched in 2009. It introduced the concept of blockchain and provides a secure, fully decentralized digital currency.
BTC’s Proof-of-Work mechanism makes it difficult to alter transaction history or double-spend coins. Miners secure the network and receive BTC for adding blocks to the Bitcoin blockchain.
BTC can be sent anywhere, anytime, and transactions cannot be blocked by intermediaries. Users can self-custody their Bitcoin without involving institutions like banks.
Despite countless crypto releases, BTC remains the largest cryptocurrency by market capitalization.
Why Bitcoin?
Bitcoin has reached its all-time high against the US dollar.
MicroStrategy has purchased additional BTC.
Cryptocurrency investment products have experienced their largest inflows, with $2.7 billion invested last week.
Notional open interest for CME’s Bitcoin futures contracts has exceeded $10 billion for the first time since 2017.
2. Ethereum (ETH)
Ethereum is a blockchain that supports smart contracts, allowing for more complex use cases like decentralized lending and NFTs.
Ethereum’s native token, ETH, provides an incentive for network security.
The Ethereum price has surpassed $4,000 for the first time since December 2021.
Why Ethereum?
The next major upgrade for the Ethereum protocol, Dencun, is scheduled for March 13.
Dencun will reduce layer 2 fees built on top of Ethereum.
ETH could strengthen its position against BTC in the coming months, due to Dencun’s benefits and potential spot Ethereum ETFs in the US.
3. Injective (INJ)
Injective is a layer 1 blockchain designed for web3 financial applications. It offers advanced, ready-to-use modules for building decentralized applications.
INJ is the native staking token that also serves as a governance token. A portion of exchange fees paid on Injective is bought back and burned.
Why Injective?
Injective has released inEVM, an EVM-compatible virtual machine on the mainnet.
inEVM allows Injective to become the only L1 blockchain capable of unifying the interoperability of Cosmos with the speed of Solana and the developer access of Ethereum.
The inEVM includes integrations with Hyperlane, Omnichain, Celestia, and Pyth.
Leading the spin on the inEVM are projects like TimeSwap and Thetanauts.
4. Solana (SOL)
Solana is a smart contracts platform with a unique architecture that allows it to handle thousands of transactions per second while keeping costs minimal.
SOL is the native asset of the Solana blockchain, providing an incentive for users to secure the network.
Why Solana?
Solana blockchain has seen an all-time high in new addresses.
DeFi protocol launch from Jupiter and the trading of meme coins like WIF and WEN have contributed to Solana’s recent activity.
Solana’s new token extensions feature provides powerful customization options for developers launching tokens on the Solana blockchain.
Best Crypto to Buy for Beginners
Stick to cryptocurrencies with significant market capitalization, listed on multiple exchanges, with high liquidity, and a working product.
Polygon and other coins meet these criteria, providing beginner-friendly options.
Best Crypto to Buy for Long-Term Investors
For long-term investors, stick to established cryptocurrencies like Bitcoin and Ethereum.
Consider using a hardware crypto wallet like Ledger for safe storage of your coins.
Glossary
- AMM: Automated market maker
- DEX: Decentralized exchange
- EIP: Ethereum Improvement Proposal
- Fiat: Government-issued currency
- ICO: Initial Coin Offering
- Multi-sig: Multiple-signature safeguard
- Proof-of-Stake: Consensus mechanism where validators are chosen based on the amount of crypto they hold
- Proof-of-Work: Consensus mechanism where miners solve complex mathematical problems to validate transactions
- TVL: Total value locked
- Validator: Node that participates in the consensus mechanism
- zkApp: Zero-knowledge application
Disclaimer
Cryptocurrencies involve substantial risk and price volatility. Invest only what you can afford to lose. The information provided does not constitute financial advice.
Credit and copyrights belong to BITboosters.
Пульс Новости 7,14
- Значимость новости: 7/10. Новость имеет важное значение для криптовалютного рынка, поскольку она предоставляет всесторонний анализ и прогнозы относительно 12 криптовалют, представленных на рынке.
- Инновационная ценность новости: 6/10. Новость не совсем инновационная, поскольку она в основном повторяет предыдущую информацию об уже известных криптовалютах.
- Потенциальное влияние новости на рынок: 7/10. Новость может оказать положительное влияние на рынок, поскольку она может повысить осведомленность инвесторов о различных криптовалютах и привлечь больше людей на этот рынок.
- Релевантность новости: 9/10. Новость напрямую связана с криптовалютным рынком и предоставляет актуальную информацию о тенденциях и возможностях.
- Актуальность новости: 6/10. Новость актуальна по дате публикации, но она не сообщает никаких эксклюзивных или неожиданных событий на рынке.
- Достоверность новости: 8/10. Новость использует множество источников, включая данные о рынке и заявления отраслевых экспертов, что повышает ее достоверность.
- Общий тон новости: 7/10. Новость носит нейтральный и информативный тон, избегая сенсационности или предвзятости.
