5 of the Best Crypto Assets to Buy Now
Cryptocurrencies have been flourishing for the last few years and digital investments are being considered to be the best option to invest in right now. The introduction of cryptocurrency has taken the world by storm thereby changing the dynamics of the financial world for good. The year 2021 proved a great year for crypto assets. It saw huge returns, Bitcoin crossing $60000, the sale of the first digital NFT based artwork, El Salvador accepting Bitcoin as legal tender and much more. I Studying the most recent trends trade pundits and investors are optimistic about 2022 too.
Crypto Assets Investment
The global economic conditions has affected the market in many ways and crypto was no exception. The crypto assets tumbled down by more than 50%. Reportedly, some early investors lost money in this downward spiralling of the economy. But, there is always a silver lining in the sky. One can choose to invest when the prices are low and hold them to sell until they explode.
Today, the market is flooded with more than 8000 crypto assets and it can become difficult for beginners to decide between long-lasting projects and quick cash holdings that would not prove itself in a long run.
Keeping in mind the volatility and fluctuations of the digital asset market one needs a thorough research before deciding to invest in the crypto market. Here we bring you 5 top cryptocurrencies based on their performance, history, and value add-ons to zero in.
5 of the Best Crypto Assets to Buy Now
Here is a list of 5 of the Best Crypto Assets to Buy Now. These crypto assets are good for diversifying your portfolio.
Cardano
Cardano – Cardano is a public Blockchain platform that went live in 2017. There was a necessity for a greener alternative to the Proof-of-Work protocol and Cardano came up with the Proof-of-Stake consensus mechanism. Cardano uses design principles to overcome issues faced by other crypto assets such as Scalability, Interoperability and Regulatory Compliance. The native currency of Cardano is ADA.
The team behind Cardano has done lots of research and extensive experimentation. Because of this Cardano became a success today and it has a long way to go in terms of Defi Applications too. As of March 2022, Cardano has the eighth largest market capitalization.
Stellar
Stellar is an open Blockchain network for low-cost, cross-border transactions between any pair of currencies. A traditional transaction takes days to complete with the involvement of different intermediaries and at a high cost too. However, this problem is solved with Stellar and payments are economical & swift now. The native currency is called Lumens or XLM which is used for transactions on the network.
As of now (March 2022) Lumens are valued at around 18 cents. For long-term investment, it is one of the best crypto assets to buy now.
Tether
Tether is the first of its kind Stablecoin and was originally designed to be always worth USD 1. Its value is pegged with US Dollar and it runs on Ethereum as well as Bitcoin Blockchain.
The aim of pegging the value to a currency is to reduce volatility and smooth out price fluctuations. With Tether, users can easily make transfers from other crypto assets back to USD swiftly without converting it into fiat currency. Tether soon attracted lots of investors and it is on its way to leaving Ethereum behind soon.
PlatinX
PlatinX is one of the fastest growing crypto asset in the newly launched category. It is a payment protocol that is based on BNB Blockchain. There was the necessity for transparent and swift cross-border transactions and PlatinX is aiming to fulfil that need with technology and advancements. PlatinX is open-source, public-design and utilises Peer-to-Peer methodology to operate with decentralized exchange system. Thereby it addresses the problems of transparency & speed.
PlatinX is looking for greener sources to reduce carbon impact. Therefore, it utilises Proof of Stake consensus to validate transactions. Despite the recent downward trend in the market PlatinX was moving steadily and showed positive growth too.
Polkadot
Polkadot aims to improve interoperability among other blockchains. Polkadot uses different protocols such as Proof of Stake consensus and the Blind Assignment for Blockchain extension (BABE), which is derived from Ouroboros. With Polkadot, both permissioned and permission-less blockchains can connect with other systems, Oracles to work together under one roof.
Polkadot allows cross-chain transfers of data or assets between different blockchains. This network has a primary chain which is known as Relay chain and the other user-created parallel chains are called as parachains.
These are some of the crypto assets to buy now. With the above mix you can safeguard your investments to some extend and reduce portfolio value fluctuation too. Crypto assets are best options to save your savings from Inflation. No other investment option gives you such splendid returns. If you are new to crypto assets, read our beginners guide on how to buy PlatinX. Check out these crypto assets with potential to explode too.
