Top 5 Cryptocurrencies You Can Invest In Right Now
The cryptocurrency market has seen a sharp decline recently, and one of the main reasons for this was the collapse of the Terra Luna network and the collapse of its stablecoin UST. Although some other cryptocurrencies are still strong, during this crisis, we must choose the best cryptocurrencies to buy very carefully.
Analytics Insight, in a report, shows the best cryptocurrencies that are still investable during the current July, and that these currencies still provide many options for investors.
1- Bitcoin: The first cryptocurrency in the market that is still dominant
After Bitcoin, the first major digital alternative to fiat currency, dominated the entire crypto market, investing in it has become a big deal, as it currently holds a 42.5% market share of the crypto industry. It has been adopted by large hedge funds and mainstream investors in the past 12 months.
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With each passing month, companies in fashion, real estate, automotive, travel, e-commerce, and even world governments (such as El Salvador and the Central African Republic) are moving toward Bitcoin, which is used in digital stores of value, is instantly transferable, and is tamper-proof.
Bitcoin, which was the cornerstone of the cryptocurrency revolution, is likely to lead bull markets in the future, making it one of the best cryptocurrencies to buy for long-term ROI in July 2022.
2- BNB is the most popular network in crypto
BNB is the native token of the world’s largest cryptocurrency exchange by daily trading volume, Binance, and the biggest competitor to the Ethereum smart contract network. Despite Binance’s late launch compared to other currencies, it has quickly become the fifth-largest cryptocurrency by market cap and the most successful altcoin in the past five years.
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3- Cardano is the most secure blockchain network
Cardano has brought academic circles into the crypto industry, which means all of its core updates and utilities go through a rigorous review process.
While 2022 saw an outage on Cardano’s rival smart contract platform Solana, such events are unlikely to happen on Cardano, whose strength lies in being one of the most future-proofed blockchain ecosystems, which is why it is used in a range of industries from tracking agricultural supply chains, to verifying academic credentials, to enhancing transparency and traceability in environmental fundraising campaigns.
Cardano will undergo another upgrade — the Vasil hardfork — this July, which will lower fees and help bring more Defi protocols and Web3 technologies to its trusted network.
4- EverGrow is the best cryptocurrency for passive income.
EverGrow is the first reflection token on the BNB chain, having paid out over $37 million to investors since its launch in September 2021. Unlike the first generation of reflection tokens, EverGrow pays reflections in the stablecoin BUSD, represented by a 14% transaction tax, which means 8% is redistributed as BUSD reflections, 3% for liquidity on PancakeSwap, 2% for buybacks, and 1% for marketing.
The strength of this currency - which helps in achieving a long-term return on investment from the cryptocurrency - lies in the fact that the transaction tax is constantly scalable, as market fluctuations do not affect the generation of passive income. For example, using one of the currency calculators available on its official website, the numbers show that by investing $ 1,000 in it, you can earn $ 51 in return in the stablecoin "Binance USD".
In the coming weeks, the project will launch an NFT marketplace, a content subscription platform, and will integrate the Metaverse to maintain high trading volume when the bull market returns.
5- Ethereum: The Most Used Crypto Network That Is About to Lose Its Value
Without Ethereum, much of crypto wouldn’t have happened. The network powers the largest NFT market by trading volume, the largest decentralized exchange, and the largest monetized metaverse. The top 20 cryptocurrencies, such as Polygonal and Dogecoin, also belong to this network.
Ethereum is the largest smart contract platform in crypto and the second-largest cryptocurrency by market cap. While it has been plagued by high fees and slow processing in recent months, that could change with a merger event that will see Ethereum move to the Proof-of-Stake blockchain expected to take place this summer in order to enjoy minimal fees.
