If you are looking for how to invest in Cryptocurrency, then this article on ‘Top 9 Cryptocurrencies you should invest in now’ will give you a great insight on the market, please note, this is not a financial advice, this is purely based on research and we hope, it will assist you in your journey in the cryptocurrency World.
Investing in cryptocurrencies can bring a lot of profit over time; but people also lose money in the Market. The only way to succeed in the market and make good returns on your investment is to research; learn; study the different cryptocurrencies asset; know when to buy, when to hold and when to sell.
This is why we have engaged a rigorous research in listing the top 9 cryptocurrencies you should invest in now. There are over 12,000 cryptocurrencies which include numerous rug pull scam projects but our top 9 cryptocurrencies you should invest in now guarantee a reasonable amount of ROI based on their unique projects, use cases and huge market capitalization.
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Table of Contents
Top 9 Cryptocurrencies You Should Invest in Now
1. Avalanche (AVAX)
Avalanche also called AVAX ranks as number 15 on coinmarketcap.com. It is one of the coins regarded as an Ethereum killer because its aim is to unseat Ethereum from the second position. This coin is similar to Ethereum based on its decentralized finance (DeFi) capabilities. It aims to outperform Ethereum by processing up to 6,500 transactions per second while not compromising scalability. Ethereum at the time of writing can process only 15 transactions per second. Although an Ethereum 2.0 upgrade is around the corner. Avalanche has a market capitalization of $13.59 billion and a circulating supply of 220,286,577 AVAX at the time of writing. Why Avalanche made our list of Top Cryptocurrencies you should invest in now is because it has done so great in a short period of time. It was launched on coinmarketcap on the 24th of August 2020 with its value at $4.1 USD. Today, at the time of writing, AVAX is worth $61.36 USD with an all time high (ATH) price of $76.42 USD. AVAX is one of the best bet right now as it has tendencies to make those who HODL it rich in the coming months.
Solana, also called SOL ranks at number 6 on coinmarketcap. This coin has a strong project. With a market cap of $56.30 billion and a circulating supply of 301,230,823 SOL, Solana is one coin to watch out for. What makes it unique is its proof-of-history (PoH) innovation that allows great scalability which in turn boosts usability.
It provides Decentralized Finance (DeFi) solutions by which other projects could build tokens on its blockchain. At the time of writing, Solana’s price is $186.78 USD. It is also important to mention that during the bear market in May, Solana was the only coin soaring high. It was launched on the 12th of April 2020 on coinmarketcap with a price of $0.78 USD and now has an all time high (ATH) price of $210.1 USD.
3. Axie Infinity
Axie Infinity, also referred to as AXS is a blockchain-based trading and battling game that is partially owned and operated by its players. It ranks as number 23 on coinmarketcap. This coin is unique because of its ability to reward its players with tokens and nfts. It was launched on coinmarketcap on the 5th of November 2020 at a price of $0.132 and at the time of writing, it is $136.64 USD. It has a market cap of $8.31 Billion and a circulating supply of 60,907,500 AXS.
Polygon, also referred to as Matic is one strong cryptocurrency that has made the list of our top Cryptocurrencies you should invest in now. According to coinmarketcap, “Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.” Launched on the 1st of May, 2019, Polygon has risen from a price of $0.0043 USD to an all time high (ATH) of about $2.45 USD. At the time of writing, Polygon is valued at $1.83 USD.
Bitcoin should have come in at number one but we did not put it on the number 1 spot because it is the oldest cryptocurrency and has proven to be the king of all cryptocurrencies. This is evident in its circulating supply of 18,859,806 BTC. There will only be 21 million bitcoins ever, thus its unmatched value. The law of demand and supply is what has made bitcoin scarce which in turn drives up the price. The price of bitcoin will always go up as there are not enough bitcoins to go round. Financial institutions and big corporations have started embracing bitcoins. It is seen as a store of value and has digital gold. While many corporations and even countries such as China has amassed huge sum of Bitcoin, they have Hold on to it without trading because they definitely know the price will skyrocket in the long run. Despite the bear markets, bitcoin as managed to grow from almost $0 in 2009 to an all time high of $66,000 USD in 2021 at the time of writing. Imagine what the price will look like in the next decade. While most cryptocurrency enthusiasts are bullish on seeing bitcoin hit $100,000 USD before the end of 2021, we believe Bitcoin will hit a new all time high of $75,000 USD thus making it a viable cryptocurrency investment for those who have money to invest in it. It is also not compulsory to buy 1 bitcoin if you cannot afford it. You can buy fractions of bitcoins called Satoshis.
6. Cardano (ADA)
Cardano also known as ADA may not seem to be a good bet because it does not go up in value often like other cryptocurrencies. But it has made it to our top cryptocurrencies you should invest in now because of it’s track record. While most would have sold their Cardano due to losing hope in its projects, There is a price prediction that Cardono will hit an all time high of $4 USD sometime before Q2 of 2022. At the time of writing, Cardano is ranked as the 5th cryptocurrency with a market cap of $64.78 Billion dollars. This is the best time to buy and hold Cardano. At the time of writing, Cardano is valued at $1.95 USD.
Cosmos, also known as Atom is one of our top cryptocurrencies you should invest in now. The reason why we have chosen it as one viable crypto investment is because it takes it upon itself to solve some of the hardest problems in the blockchain industry. One of such problems is the slow, expensive and unavailable and environmentally harmful proof-of-work protocols like those used by bitcoin. It aims to offer an ecosystem of connected blockchains. At the time of writing, Cosmos is valued at $35.77 USD and there is a prediction that it may reach an all time high of $100 USD before February 2022. It is ranked at number 25 with a market capitalization of $8.02 Billion.
Terra, also referred to as Luna was launched on coinmarket cap on the 29th of July, 2019. It debuted with a price of $1.294 and at the time of writing, it is worth $41.53 USD in value. It has been predicted that Terra will hit the $1000 USD mark because of it’s good projects. According to coinmarketcap.com, “Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems.” With a market cap of $16.71 Billion Terra ranks as number 12.
Ethereum known as ETH for short or Ether is regarded by many cryptocurrency enthusiasts as the best bet. This is because over 80% of cryptocurrencies are built on the Ethereum blockchain. They need Ethereum to survive. Most of these tokens are purchased with Ethereum including Elon Musk’s SpaceX coin. Over the years, ETH has soared in value. It was launched on coinmarketcap on the 14th of August 2015. It’s Initial Coin Offering (ICO) was $0.311 USD and today, at the time of writing, ETH is worth $4,216.09 USD. It ranks as the second cryptocurrency in the world and has a market capitalization of $497.18 Billion.