3 Cryptocurrencies To Buy In This Market Volatility 

These three cryptocurrencies have the potential to generate massive returns in the future if you buy right now. 

Last Updated August 2nd 2021
6 Min Read

The interest in cryptocurrencies has dramatically increased over the past few years. Although Bitcoin is the pioneer of the digital currency market, several other cryptocurrencies have numerous growth potential. But with more than 7000 assets in the market, choosing the best one that suits your portfolio would be a daunting task. But, here we have compiled for you the best 3 cryptocurrencies to buy now in this market volatility. 

The demand for technologically advanced cryptocurrencies is rising at a rapid pace. Prominent market players and established institutions are showing high interest in digital currencies that have massive future potential.

Sometimes crypto market volatility could open up several opportunities for investors. Let us see why these three cryptocurrencies are the best to buy during this market volatility. 

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3 Cryptocurrencies To Buy In This Market Volatility 

  1. Tron (TRX)
  2. Litecoin (LTC)
  3. Bitcoin Cash (BCH)

Tron (TRX)

With the tremendous increase in the demand for dApps, Tron is showing significant growth this year.

Tron continues to be one of the most active and attractive protocols in the crypto space. The decentralized blockchain platform aims to build a free, global digital content entertainment system upon the idea of distributed storage, allowing easy and cost-effective sharing of digital content.

The coin leveraged strong community support and has become one of the best 3 cryptocurrencies to buy right now in this market volatility. Tron has built some impressive partnerships in the crypto industry, significantly boosting its growth in 2021. TRX had successfully recovered from its recent price drop and defied many of its critics by getting involved in the market-wide bull run in 2020. Analysts predict that if TRX continues to keep its momentum, it will likely explode its value by the end of this year. 

The Tron ecosystem works as a content-sharing platform for its users. Those who create or share content are successfully rewarded with TRX, resulting in a fairer and more transparent monetization system than any traditional social media network. By eliminating a middleman, content creators spend a minimal cost, eventually paid off by the consumers. Since it is one of the most popular dApp platforms, the asset has the potential to double your investment in the future if you buy right now. 

Exchange platforms like CoinLiker and CoinSwitch have made quite an optimistic prediction about the future price of TRX. Thanks to its range of high-profile coalitions with companies like Samsung, the price of TRX is expected to rise significantly in the coming years. 

Yet another significant feature of Tron is its Delegated Proof-of-Stake (DPoS) consensus mechanism. Unlike Proof-of-Work, the DPoS mechanism is safe, energy-efficient, and allows users to earn passive income when they stake their holdings in a network wallet. This unique feature has attracted several traders and retail investors alike and has tremendously boosted the price of TRX. 

Adding to this, Tron also has a limited supply of over 100 billion tokens, of which about 71.6 billion are currently in circulation. Therefore, the scarcity will lead to a significant increase in the price of TRX in the near future. 

Check Out: Will TRON Make Me Rich In 10 Years?

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Litecoin (LTC)

Litecoin, the silver to Bitcoin’s gold, is poised for future growth with its advanced blockchain technology. 

Litecoin is one of the most undervalued cryptocurrencies, according to experts. But it is the purest fork of Bitcoin and is one of the most affordable alternatives to the crypto giant. 

Litecoin aims to work as an alternative digital payment system that is faster, scalable, and affordable. It is based on the same technology as Bitcoin and was designed to complement the crypto bellwether. This is the primary reason why LTC has gained significant traction from investors worldwide. But unlike Bitcoin, LItecoin aims to become the digital currency for everyday purchases. Therefore it is also used for purchasing goods and daily transactions apart from investing and trading. This accessibility and affordability have significantly positioned TRX as one of the best 3 cryptocurrencies to buy now in this market volatility. 

Litecoin has the potential for massive growth in the future as it processes transactions four times faster, gaining the attention of several retailers. Yet another reason to buy Litecoin now is its established name and stability in the crypto space. Litecoin has been around for over 10 years and is listed in almost all major cryptocurrency exchanges. In addition, it has been consistently ranking in the top 15 cryptocurrencies by market cap and shows extreme stability compared to other altcoins created around the same time. 

Several merchants across the globe now accept Litecoin. Thanks to its Atomic Swap technology, LTC has become the preferred choice for small purchases. The coin also facilitates several cross-border transfers, which is why buying Litecoin now will make you rich in the future. Additionally, the asset offers minimal fees compared to other platforms like PayPal, making LTC a must-buy now for future returns.

Moreover, Litecoin employs a more accessible and energy-efficient mining algorithm known as Scrypt. It is an intensive memory algorithm that carries out calculations in a sequential manner. Further, Scrypt is even more democratic and accessible and thus prevents Application-Specific Integrated Circuits (ASICs) from monopolizing mining. Additionally, the heated discussion of the eco-friendly nature of cryptocurrencies could be favorable to Litecoin because of its strong focus on sustainability.

Don't Miss: 5 Reasons Why Litecoin Could Double Your Money

Bitcoin Cash (BCH)

Bitcoin Cash, a successful off-shoot of the crypto giant, has seen significant growth since the beginning of 2021. 

Bitcoin Cash aims to live up to Satoshi Nakamoto's original plan by re-establishing Bitcoin’s initial promise. It aims to become a decentralized peer-to-peer digital cash. BCH was initially created as a fork of the Bitcoin blockchain to solve some of the crucial issues faced by the blockchain, like scalability. But BCH has not merely gained popularity because of Bitcoin; the asset has created a viable way to send money seamlessly. 

Bitcoin Cash possesses a faster blockchain and is capable of handling more transactions at a more rapid pace. The asset has gained popularity because of the bigger capacity of blocks. Initially, BCH could only handle 8MB of data, but with new updates, it is capable of managing almost 32MB of data. Further, according to a stress test in September 2018, the BCH network has the capacity to handle nearly 25,000 transactions per block. 

The asset has a unique combination of gold-like scarcity and a spendable nature of cash, making it one of the best 3 cryptocurrencies to buy now in this market volatility. Additionally, BCH uses an advanced technology known as the segregated witness or SegWit2x. This unique technology reduces the amount of data that needs to be verified and enables more transactions per block. 

This is the best time to buy Bitcoin Cash as developers are building multiple developments, new features projects, and businesses using the asset. Yet another reason why BCH would generate good profit in the future is its new adoptions. The team has several customer-centric plans to create products and features that are more delightful for customers and support merchant solutions.

Further, the price of BCH will likely rise in the future as it has become a potential coin with its major forks, use cases, and advancements. Therefore, BCH has successfully established itself as a highly scalable, fast, cheap, and reliable cryptocurrency for transactions, significantly boosting its price in the market. 

Read Also: 15 Reasons Why You Should Invest in Bitcoin Cash Today

The Bottom Line

The demand for cryptocurrencies is at an all-time high right now. This could be the right time to expand your investment portfolio, as the market is open with several opportunities. If you are searching for digital assets with massive growth potential, then here are the 3 best cryptocurrencies to buy right now in this market volatility. However, it is always essential to understand the market before making any significant decisions for a safe investment journey. 

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