These Are the Cryptocurrencies I Would Invest in This Year
Investing in cryptocurrencies is a fantastic way to diversify your portfolio and take advantage of the potential growth of the blockchain technology. This year, there are many up-and-coming cryptocurrencies that are worth considering for investment. Here are the cryptocurrencies I would be looking to invest since the beginning of this year :-
Here are Cryptocurrencies I would Invest this Year
Ethereum (ETH) is the second-largest cryptocurrency by market capitalization, and has been gaining traction in the past year due to its innovative smart contract functionality and its increasing adoption by large companies and organizations. Ethereum’s native token, Ether, is up over 200% since the start of the year, and its price is expected to continue to increase as more businesses and investors join the network.
Bitcoin (BTC) is the original and biggest cryptocurrency, and is still the most widely-recognized and widely-used cryptocurrency. Bitcoin’s price has seen tremendous growth in the past year, making it a smart choice for long-term investment. Bitcoin’s popularity and mainstream adoption make it a safe and reliable choice for crypto investors.
Polygon (MATIC) is an Ethereum scaling solution that provides a platform for developers to build and deploy decentralized applications quickly and easily. It is a layer 2 scaling solution that makes use of Ethereum’s existing infrastructure and protocols to enable faster and more cost-effective transactions.
Avalanche (AVAX) is a blockchain platform that provides a secure and efficient way to facilitate distributed applications and decentralized finance (DeFi). It enables developers to develop, deploy, and manage decentralized applications, and provides users with a high-speed and low-cost environment for trading and transacting.
Ripple (XRP) is a relatively popular cryptocurrency that has been gaining traction due to its ability to enable fast and low-cost international payments. Ripple has been adopted by several major banks and financial institutions, and its price has been steadily increasing in the past.
Chainlink (LINK) is a decentralized oracle network that enables blockchain networks to securely connect to off-chain data sources. The Chainlink Network connects smart contracts to real-world data, providing secure and reliable data for DeFi applications and smart contracts.
7. Cosmos Hub
Cosmos Hub (ATOM) is a decentralized network that allows developers to build and deploy decentralized applications quickly and easily. It is a blockchain platform designed to enable users to easily create, deploy and manage applications on the blockchain.
8. Near Protocol
Near Protocol (NEAR) is a sharded and developer-friendly blockchain platform that enables developers to build and deploy decentralized applications quickly and easily. It provides users with a fast and secure platform for transacting and trading assets.
9. Binance Coin
Binance Coin (BNB) is the native token of the Binance exchange, one of the largest and most popular crypto exchanges in the world. It is used to power the Binance ecosystem and allows users to pay for trading fees, participate in various promotions, and receive discounts on exchange fees. BNB is one of the top 5 coins by market cap and has seen rapid growth in recent years.
Uniswap (UNI) is a decentralized exchange protocol that allows users to trade Ethereum-based tokens without the need for a centralized exchange. It is a fully automated, decentralized liquidity protocol that enables users to easily swap tokens without the need for a middleman. UNI is the native token of the Uniswap platform and is used to power its operations. UNI has seen significant growth since its launch and is now the 16th largest cryptocurrency by market cap.
I would be watching out Solana, Quant, Cardano, and Arweave as well, even though I am not planning to invest in them any time soon.
Wish you happy trading!