The crypto market, as of now, regulates around 20,931 tokens. This makes it extremely difficult to find the best opportunities for a good trade. So if you are one of the traders looking to maximize their profits, this blog is for you. Cryptos are highly volatile. This is a known fact to everybody active in the crypto domain.
Investing and trading in CeFi cryptocurrency will diversify your portfolio and benefit you in exploring more investment options. For those who are unaware of what cryptocurrency is. Here is a brief description: cryptocurrencies are digital assets managed by a central system, just like a country’s government. Finding the best coins in the market is just like finding a needle in a haystack. Also, if you believe in the narrative for the growth of cryptocurrencies, investing in them can be a lucrative way to profit.
Here are some of the best cryptocurrencies available in the crypto market:
- Bitcoin
From the most famous cryptocurrency with the maximum probability of being on everybody’s watchlist, Bitcoin is one of the most profitable cryptocurrencies today. It is considered to be one of the oldest cryptocurrencies so far. Also, most companies and businesses nowadays consider bitcoin as a primary mode of payment, the sole reason for it being the trust in bitcoin. Bitcoin can be transferred from node to node on the bitcoin blockchain, which is known to be the safest in the crypto domain.
So if you want to invest in bitcoin from a long-term horizon, then it might be a sensible idea to do so just because bitcoin has been one of the profitable assets in the past and plays a major role in the upcoming web 3.0 projects, which is the next stage of the internet. Also, at this point, Bitcoin is trading at its all-time low. If you are interested in buying bitcoins, check out Finixio AI to know more.
- Ethereum
Decentralized and open-source are two words enough to describe Ethereum. It is a blockchain that supports smart contracts in the web 3.0 space. The platform’s main cryptocurrency is Ethereum. Regarding market capitalization, Ether’s market valuation is second only to that of bitcoin among cryptocurrencies.
Ethereum is another major crypto to consider as this comes with a safer investment than other coins in the market. It is a very good digital currency to consider, especially for the long term, which computes to a minimum of 3 years. If you want to invest in cryptocurrencies other than Bitcoin, Ethereum is a wise choice worth considering.
- Polygon
Polygon is a scaling-operated cryptocurrency that provides numerous ways to increase the speed of transactions on blockchain networks while reducing the cost and complexity. The aim on which polygon is focusing is in massive demand. Polygon is also connected to Ethereum, a platform for decentralized applications that enables you to participate in virtual worlds, play games, purchase art, and conduct a range of financial operations.
If the craze for virtual games rises and applications are widely used on the Ethereum blockchain, then a coin like Polygon is said to proliferate. Considering a long-term horizon for the polygon, it seems like it is a safe asset to go for, as it is majorly dependent on the functioning of another cryptocurrency.
- BNB
The native token of the Binance exchange saw a significant movement in 2021. It was available at the minimal price of $38 in January 2021 and rose to a whopping high of $683 in May 2021. This growth is massive compared to other cryptocurrencies. Binance Coin has established itself as one of the most stable investment options due to its performance throughout time in the crypto domain.
Binance is considered to be the largest cryptocurrency exchange in the world. As per today’s scenario, it seems that investors are considering cryptocurrencies as one of the large chunks of their portfolio or are diversifying their investments in the crypto market along with other retail investors. Considering all these factors, it seems like BNB will benefit if it keeps being the top regulatory exchange in the crypto domain.
- Cardano
This relatively popular name in the crypto market has been in talks for a while now. Cardano’s primary and basic model is to solve the time delay of carrying out the transaction on other blockchain networks like Bitcoin. Cardano focuses on making transactions over the blockchain network faster and cheaper by utilizing less energy than other major blockchains like the Bitcoin blockchain.
Looking forward, the demand for cheaper and faster transaction alternatives may rise soon as there are a lot of investors flocking to the crypto market. When high transaction volume becomes an issue, Cardano will be seen as one of the best pre-existing solutions, making demand for Cardano rise higher. Keeping all these viewpoints in mind makes Cardano a good investment opportunity that might be profitable.
Conclusion
Cryptocurrencies are volatile, making it normal to see your investments rise to a significant profit. Cryptos are volatile assets and are not controlled by any specific organization or the government, making the research for better investments more confusing. So be sensible about your investment strategies and about all the investments that you are undertaking.
