There are many cryptocurrencies you should invest in. They’re now a trend for investors because they don’t require a third party to perform transactions or big funds to start buying these digital coins.
All you need is to choose the best ones after learning thoroughly what each cryptocurrency has to offer. Here are some coins that you might find interesting:
- Cardano (ADA)
Ouroboros is a proof-of-stake model that the open-source blockchain Cardano adopted. Its technology can facilitate peer-to-peer (P2P) transactions aimed at solving interoperability, fraud committed by voters, regulatory compliance and scalability.
Moreover, Cardano is superior and more credible than others because of its credible peer-reviewed technology, making it worth investing in 2022 and beyond. That’s because Cardano has integrated the best of Ethereum and Bitcoin in its two layers. In the settlement layer, Cardano keeps track of transfers and settlements like Bitcoin. Meanwhile, the second layer – the computation layer – is similar to Ethereum, which runs smart contracts and decentralised apps smoothly.
Because of that, many use ADA to develop decentralised applications and run smart contracts that are highly scalable and secure. The best thing about this is that you can even build your applications on Cardano’s platform even when you don’t know how to code. As a result, many people who aren’t knowledgeable about the decentralised world can use it together with crypto geeks.
If you want to start buying ADA, you can find a recommended webpage and many crypto exchange platforms selling and buying such coins.
- Binance Coin (BNB)
Another crypto coin you may want to consider is Binance Coin (BNB). That’s because when it comes to trading volumes, Binance is the largest cryptocurrency exchange. It means that many crypto traders use such an exchange every day.
Moreover, Binance’s price can increase as years go by as it keeps a hard limit on the number of BNBs in circulation. Binance does it by permanently ‘burning’ or getting rid of BNB tokens each quarter using one-fifth of its profit. By continuously doing such, the remaining tokens’ value can keep rising.
Another reason Binance may be a good investment is that it has two blockchains, which are also scalable and fast. Recently, Binance is also incorporating a feature vital to its widespread and longevity adoption, making the platform more regulator-friendly.
- Ethereum (ETH)
Ethereum is the first software platform that enables decentralized apps and smart contracts, even before Cardano. It helps users run such apps or contracts without interference from a third party, control, fraud, or downtime. Thus, Ethereum’s goal is to allow anyone from across the globe to freely use a decentralised suite of financial products.
This aspect makes it compelling for some countries that don’t have state identifications and infrastructure to access different financial products like insurance, loans, and bank accounts. Its platform-specific cryptographic token is ether (ETH), where the applications on Ethereum are run. So, when developers want to run and develop apps inside Ethereum, they use ether. They also use such a coin to purchase other cryptocurrencies.
- Stellar (XLM)
By market value, Stellar is one of the largest digital currencies. It’s similar to Bitcoin’s usage: payment. Unlike traditional banking routes, Stellar’s blockchain-based network allows you to send money to your loved ones’ destinations in seconds or minutes. This fast process is possible as Stellar can handle up to 3,000 transactions per second for each developer.
Most importantly, you can enjoy cost-effective transactions at Stellar because the average transaction fee is less than half a dollar or 0.00001 XLM as of this writing. It means you can accumulate a USD$1 fee only after making more than 364,000 transactions. When you compare such costs to Bitcoin and other traditional banking fees, you may need to spend more than USD$2.
- Avalanche (AVAX)
Another blockchain-inspired platform to run smart contracts is Avalanche, and this is considered the fastest smart contracts platform. That’s because it uses three separate blockchains for transactions. These are platform chain (P-Chain), contract chain (C-Chain), and exchange chain (X-Chain), making it possible to perform 6,500 transactions per second. Thus, Avalanche may be able to solve the blockchain dilemmas: scalable, secure, and fast.
Other cryptos in the market are worth investing in, but these five are among the best options. They can run smart contracts or act as payment in a decentralised ecosystem, making them more compelling for crypto users. The more people use their platform or buy their tokens, the more likely their value can increase. You may want to try buying them now to sell them later at a higher price.