At this time when cryptocurrency prices are depressed, these cryptocurrencies are good investment options. There have always been experts who recommend not investing in stocks to those who cannot bear a 20% loss on the stock market. But after the advent of Bitcoin and several other cryptocurrencies, the popularity of the stock market fell. The volatility of cryptocurrencies is even greater than that of stocks. Crypto fanatics who believed otherwise have now been confronted with the facts, as major cryptocurrencies like Bitcoin and Terra have dropped precipitously.
Today, even stablecoins are de-pegging from their tethered currencies due to the abysmal state of the crypto market. 2022 was the year of crypto market plunges with more plummets in May than ever before. Bitcoin fell below US$18,000, whereas Terra wiped out 95% of the investors’ wealth. It is therefore very clear that investors will steer clear of these volatile digital assets in favor of cryptocurrencies with a greater track record of performance. In this article, we have enlisted some of the top cryptocurrencies that you should buy after the price decline of these investments.
Ethereum
Ether’s current dive in value after Bitcoin’s crash has shocked investors. Even as crypto is recovering from its lowest value, investors are considering alternative investment options. Even though the ETH token is at an exponentially volatile place, Ether can be a far better option for investment than Terra. The launch of the ETH 2.0 upgrade is also causing some stir and making investors quite excited about Ethereum’s future.
Binance Coin
One of the world’s most popular cryptocurrency exchanges, Binance, issues its own native token, Binance Coin. The mission of Binance is to bring cryptocurrency exchanges to the forefront of the financial and economic markets. Binance Coin might prove to be more profitable than several other cryptocurrencies around now, despite the fact that almost all crypto exchanges are suffering due to the plunging value of cryptocurrencies.
EOS
The EOS Public Network is a blockchain that operates on delegated Proof of Stake, built on the open-source software framework of EOSIO. EOSIO is a highly performant open-source blockchain platform, built to support and operate safe, compliant, and predictable digital infrastructures. EOS empowers people and organizations to create and access a wide range of decentralized applications and ecosystems for the real world. Although the company participates in the governance of the EOS Public Network, it is not controlled by any single entity, but guided by a cooperative community of digital asset holders. EOS has lots of future potential and is one of the most advanced blockchain ecosystems out there.
Cardano
Cardano’s reputation as an actively developing blockchain project has not been tarnished despite recent market volatility. As a leading cryptocurrency, Bitcoin also runs on the world’s largest blockchain system based on a proof-of-stake consensus mechanism that is much more energy-efficient than its traditional proof-of-work counterpart. Cardano will most likely remain as a top player on the field and rival to Ether.
Polkadot
Polkadot connects and secures a growing network of specialized blockchains known as parachains. Apps and services on Polkadot can securely communicate across chains, forming the basis for a truly interoperable decentralized web.
Polkadot enables arbitrary data – and not just tokens – to be transferred across blockchains. This means Polkadot can be used for cross-chain registries and computations across blockchains. Polkadot is capable of transferring this data across permissionless and private blockchains. By using this technique, it is possible to build applications that can use permissioned data from a private blockchain and put it onto an open blockchain. As an example, a school can send proofs to a public chain for degree verification from a permissioned academic records chain.
Apecoin
Apecoin made its way to the top in 2022. The new cryptocurrency represents the NFT collection of the Bored Ape Yacht Club. Investors have been moving towards the NFT market since the crypto market crash, which has resulted in Apecoin performing extremely well in recent months. Experts believe that APE might overtake major cryptocurrencies in the future due to its current popularity. It could be merely speculative, however. Do your own due-diligence first.
Uniswap
In Uniswap, users are able to buy and sell currency without the need to communicate with third parties. Uniswap surpassed its market capitalization in early 2022, when all other cryptocurrencies have failed to convince investors of their value. Accordingly, Uniswap will be a good investment in the year 2022.
Avalanche
Decentralized applications can use Avalanche’s open, programmable intelligent contracts platform. With the aim of becoming one of the most popular cryptocurrencies for smart contracts, Avalanche is one of Ethereum’s biggest competitors. Additionally, it provides significant scalability, when compared with traditional cryptocurrencies such as Bitcoin and Ethereum.
Decentraland
The name Decentraland became popular in the crypto market following the popularity of the metaverse among the tech elite. The number of Decentraland users has grown exponentially recently, leading to upward trend in price. In addition to supporting the development of a world featuring extreme immersive experiences, Decentraland is one of the biggest metaverse cryptocurrencies.
The Sandbox
The Sandbox is another metaverse cryptocurrency that has been soaring lately. Even though the crypto market is in a vulnerable state right now, the SAND token has maintained a consistent reputation of being a profitable investment due to the rising popularity of the metaverse.
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