Cryptocurrencies are digital tokens saved and generated in protected public ledgers. Bitcoin, for instance, is the frontrunner of digital coins that broke records and drew public attention to the disrupting financial sector. After bitcoin’s success, many other tokens rolled in and made people overnight billionaires. Now we have hundreds of cryptocurrencies to buy, sell, and trade. In this article, we will discuss the 6 best cryptocurrency to invest in today.
6 Best Cryptocurrency to Invest in Today
There’s a long list of trending, and well-performing cryptocurrencies acknowledged in Coinmarketcap. We have picked the top 5 best cryptocurrency to invest in today, besides Bitcoin.
Here’s our list:
- Solana (SOL)
- Terra (LUNA)
- Cardano (ADA)
- Dogecoin (DOGE)
- Tether (USDT)
Let’s dive into the subject.
1. Solana (SOL)
If you are new to the cryptocurrency industry, you might be hearing about the Solana coin for the first time. But it’s a real underdog. It is the 9th largest cryptocurrency based on its market capitalization of 44 Billion Dollars, with 50,000 transactions in a second.
Why invest in Solana [SOL]?
Solana went through technical ledger issues that dropped its price record, but it started well. With a $0.77 rate, the SOL price surged up to $136. It surely is going to come up with the same energy.
2. Terra [LUNA]
Terra is a stablecoin payment platform for digital exchanges, but it also launched its native crypto token recently. TerraUSDT is another stablecoin backed by Terra that balances the prices of other stablecoins tied to the stablecoin’s physical assets.
Why invest in Terra [LUNA]?
UNA token by Terra went up to 50% in three months this year, while other coins were sinking by up to 30%. Investors who believed in the LUNA coin received 60% of their returns. So, it’s hopefully going to be a worthwhile financial decision.
3. Cardano [ADA]
Created by mathematicians and engineers, the Cardano platform works for better speed and less gas energy usage through transaction validations of each coin. The platform enables smart contracts supported by ADA, like Ethereum.
Why Invest in Cardano [ADA]?
Cardano investing is a fulfilling investment choice as its growth has been tremendous. When it started in 2017, it was trading at $0.02, but it’s trading at $1.5 as of today, 2022. You may also try to begin with the small amount with the investment and go from there.
4. Dogecoin (DOGE)
Dogecoin is the famous meme dog coin you must see in memes on different social networks. It’s one of the best cryptocurrency to invest in today not because of its pricing data but because of how it’s better to facilitate faster transactions compared to bigger names like Bitcoin.
Why Invest in Dogecoin [DOGE]?
Dogecoin [DOGE] has got endorsements from Snoop Dog and Elon musk, so the coin’s price will rarely be lower. It experienced a 3100% surge in early 2021. Starting from $0.034 in February 2021, it reached $0.7376 in May. However, the prices decreased in 2022. You may not invest for the price but the potential.
5. Tether (USDT)
Tether is a blockchain-based platform launched in 2014 with easier fiat to digital currency exchanges. Tether’s prices are directly bound to USD fiat currency. The cryptocurrency is a stablecoin that balances out digital currency fluctuations. It is regarded as the best cryptocurrency to invest in today because it’s the third-largest cryptocurrency to Coinmarketcap.
Why Invest in Tether [USDT]?
Tether [USDT] is one of the best cryptocurrencies to invest in today because, like Terra, it also establishes a barrier to minimizing crypto fluctuations.
AAVE blockchain is an open-source protocol that works on non-custodial liquidity markets. The platform offers traders the opportunity to earn passive income by providing assets for investors’ buying and borrowing to liquidity pools. AAVE has a market cap of $3.2 billion, so it’s considered a new project.
Why Invest in AAVE?
AAVE protocol is ranked 11th in the list of best cryptocurrency to invest in today by Coinmarketcap. The liquidity pools provide ease for lenders and borrowers to connect with each other with no commissions by choosing fixed and variable price rates.
Every cryptocurrency in our list of best cryptocurrencies to invest in today is endorsed by Forbes, US News, or Coinmarketcap. However, it would be best to keep in mind that the data is anecdotal and based on the news of April 2022.
Before you make any investments in the digital financial market, make sure that you are aware of the trends and stats of the market. Making a rash decision will cost you more than the money. Experts suggest you to only invest the 10% of your savings.
Do your research by watching guidelines and taking online courses to understand the cryptocurrency market so you can save yourself when in need.