Top Crypto to Invest | Best Cryptocurrencies to Invest in Now
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- The Best Cryptocurrencies to Invest in Now
The Best Cryptocurrencies to Invest in Now
These are seven of the top cryptos to invest in in a fast-changing sector. According to statistics from CoinMarketCap, October was a blockbuster month in the world of cryptocurrencies, with the asset class’s biggest player, Bitcoin (BTC), soaring by over 40%. Several other important currencies on this list also achieved all-time highs throughout the month, so it wasn’t simply Bitcoin that went parabolic. The Shiba Inu (SHIB) currency, which originated as a spin-off of the meme-based Dogecoin, has gone insane, increasing more than 800% in a month and leapfrogging Dogecoin (DOGE). Such blatantly speculative, meme-based tokens, on the other hand, don’t hold up under inspection. Here are seven of the finest cryptocurrencies to invest in late 2021, along with their bull cases.
The Best Crypto to Buy now:
- Bitcoin (BTC)
- Ethereum (ETH)
- Stellar Lumens (XLM)
- Litecoin (LTC)
- Chainlink (LINK)
- Zcash (ZEC)
The creation of the first Bitcoin-focused exchange-traded fund in the United States was one of the triggers for the cryptocurrency’s recent climb. The Proshares Bitcoin Strategy ETF (ticker: BITO) started trading on October 19, and optimism over the digital asset’s further mainstreaming drove BTC to an all-time high of $66,930 the next day. The development of Bitcoin in 2009 revolutionized money forever, paving the way for blockchain-based, decentralized currencies that any government does not issue. Bitcoin is a must-own cryptocurrency because of its first-mover status, a hard limit on maximum circulation of 21 million BTC, and potential to become a store of value on corporate balance sheets, a future that Tesla Inc. (TSLA) first hinted at with a $1.5 billion Bitcoin purchase announced in February.
Ethereum is the next best cryptocurrency to purchase, and it’s possible that it’s the only digital asset outside of Bitcoin that deserves to be called a blue-chip cryptocurrency. Bitcoin has a market capitalization of more than 43%, whereas Ethereum has a market capitalization of more than 19%. No other coin has even 4% of the market share. In 2021, ETH has eaten into BTC’s market share, starting the year with just 10.8% of the market. The capability of Ethereum as a platform for decentralized finance, or DeFi, is a significant reason for its rising popularity — and a key way it differs from BTC. Developers like creating decentralized apps, or DApps, on Ethereum, the world’s most popular blockchain and the go-to network for emerging technologies such as nonfungible tokens or NFTs. On October 29, Ethereum reached new all-time highs.
Stellar Lumens (XLM)
The Stellar network is a decentralized communication system where users can trade cryptocurrency. It was founded in 2014 with the mission of unifying global financial systems and making them more accessible to people who want to access them without relying on third-party intermediaries like banks and other traditional institutions.
The Lumen is Stellar’s cryptocurrency. Its blockchain symbol is XLM. It has done well in recent years. Part of that is due to the general crypto euphoria. The other half is about the world’s unbanked. The Stellar network could be a great tool for international lenders and remitters. This project’s value lies in enabling access in underbanked emerging market economies. People in these countries must fight tooth and nail for access to banking and credit. The coin is a blessing for them, making it one of the best cryptos to buy.
Bitcoin’s silver, according to Charlie Lee. With a faster block generation rate and faster confirmation times than Bitcoin, Litecoin (LTC) is a better choice for transactions. Litecoin is very liquid and visible. This is critical for investors in the volatile crypto market who want to avoid losing money due to illiquidity.
This is the Ethereum token that powers Chainlink’s decentralized oracle. Chainlink network connects Ethereum smart contracts to external data sources, APIs, and payment systems.
Chainlink’s oracles rely on a global network of computers (or “nodes”) to provide accurate data. Today’s oracles provide price data across a wide range of assets, weather data, and location data. The LINK token is used to pay for network services and to reward nodes for providing accurate data.
Zcash is a privacy-protecting cryptocurrency that allows for low-cost private transactions. It was a 2016 hard fork of the Bitcoin protocol with a 21 million coin supply. Shielded transactions are private transactions in Zcash. It protects network privacy by using zk-SNARK zero-knowledge proof technology. Users can share address and transaction information selectively for auditing or regulatory compliance purposes.
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