- The scheduled halving and network utilities make QTUM the best growth cryptocurrency to buy now.
- The OMG network aims to revolutionize the financial world with its open approach to financial services.
- 2021 is the right time to buy Polkadot as the coin is still reasonably priced, significantly rising, and expected to continue its growth in the future.
Cryptocurrencies have shown a notably appreciable price movement in 2021. Several altcoins rose to their prime and potential in the market-wide bull run. After the market crash in May, several cryptocurrencies started growing again in August. Therefore, the thousands of digital currencies crowding the market might confuse any novice investor.
These are some cryptos that offer the potential to generate tremendous returns over the next 5 to 10 years. Even a modest amount invested in these cryptocurrencies should grow to a relatively large amount during that period. Here are three growth cryptocurrencies to invest $250 in right now
1. Qtum (QTUM)
Thanks to the increasing popularity of DeFi, Qtum is one of the top growth cryptocurrencies to buy right now.
Qtum is a potential cryptocurrency that combines Ethereum’s smart contract functionality and Bitcoin’s security. This makes the token highly suitable for adoption by large organizations. Qtum is an open-source blockchain application platform that employs the UTXO (Unspent transaction output) model. The primary goal is to offer simple tools that anyone can use to create decentralized applications while maintaining high-level network security.
Qtum is a promising growth cryptocurrency to invest $250 in right now because it tackles all the challenges and inefficiencies of Bitcoin and Ethereum. The team behind QTUM realized the limitations of both cryptocurrencies and decided to rework the Qtum model. They made it more robust and interoperable in the interests of all users. It has successfully addressed the core issues of governance and cost-related aspects regarding the Proof-of-Work mechanism. It also focused on the difficulty of connecting smart contracts with real-life applications.
Qtum has played a significant role in unravelling two unique technologies in the blockchain space, Account Abstraction Layer (AAL) and Decentralized Governance Protocol (DGP). AAL allows more effortless smart contract operation and code reuse from Ethereum smart contracts. At the same time, DGP uses smart contracts to control and update all the basic blockchain parameters like block size and gas fees.
The native token of the protocol, QTUM, has seen a notable rise in its price recently. Since it brings the best of both BTC and ETH, QTUM could be a promising cryptocurrency to buy now for future returns.
Why Qtum Is A Good Buy In 2021?
A significant reason for the rise in popularity of the Qtum protocol is its recent entry into the area of decentralized finance (DeFi). Qtum’s DEX platform known as the QiSwap permits users to build DeFi applications and offer liquidity on top of the Qtum blockchain. The cryptocurrency has strong backing with complete assistance and support from high-profile names like Bitcoin.com’s Roger Ver and Jeremy Garner, co-founder of Augur and EIR in Blockchain Capital.
Yet another reason why QTUM is one of the top growth cryptocurrencies with future potential is its halving scheduled for December. Qtum halvings are primarily based on a 4-year interval of 3,942,000 blocks, and its first halving is set to happen on December 1, 2021. After that, the reward would drop from 1.0 QTUM to 0.5 QTUM, making the coin more scarce and ultimately more valuable.
2. OMG Network (OMG)
OMG Network is making new waves in the digital payment space, skyrocketing its potential as a growth cryptocurrency to buy right now.
The OMG Network is just more than a decentralized exchange; it is a messaging network, a blockchain gateway with digital assets, and a liquidity provider mechanism. This Ethereum-based blockchain ecosystem offers investors multiple ways to earn profits, making OMG a cryptocurrency with tremendous growth potential.
OMG Network gained popularity for its alternative financial and digital commercial tools. It works together and enables cross-chain asset transfers by eliminating the need for a crypto exchange. The team behind OMG believes that most blockchains are limited by high and unpredictable transaction fees, poor user experience, and low throughput. The project aims to overcome all these barriers so that businesses and developers can efficiently adopt blockchain for real-world applications.
OMG aims to transform the market with its novel and open approach to financial services. It ensures everyone has a wallet and can use it as their own bank account on the blockchain. This will give them access to the larger financial market.
Moreover, the network is also famous for its novel scaling solution called MoreViable Plasma. It combines several transactions off-chain into a batch using a sidechain architecture. This could be further verified as a single transaction on the Ethereum root chain. This unique technology has the potential to scale Ethereum to thousands of transactions per second (TPS).
Buying OMG right now could bring long-term returns since it has been approved for sale in the world’s third-largest economy, Japan, by the Financial Services Agency (FSA).
OMG is a growth cryptocurrency worth investing in now as it was the first Ethereum project to exceed a $1 billion valuation. The project has also gained strong support from myriads of established investors like Japan’s Toyota Financial Services Corporation, Sumitomo Mitsui Banking Corporation, SMBC Venture Capital, McDonald’s in Thailand, and the Aioi Nissay Dowa Insurance Corporation.
3. Polkadot (DOT)
With its unlimited potential for growth and robust interoperability features, DOT could be the best growth cryptocurrency to buy now.
Polkadot is a unique project that aims to decentralize the web by connecting blockchains and enabling interaction. This will eventually allow certain new applications like decentralized finance (DeFi) services. By using its technological solutions, Polkadot allows any blockchain to be attached to it.
The DOT tokens are also used for governance to vote on any changes to the network. Unlike other cryptocurrencies, Polkadot can be easily upgraded to fix bugs or even introduce new features without needing a hard fork or spinoff. This makes Polkadot a highly user-friendly cryptocurrency that is easier to adapt.
Since it was developed by the Switzerland-based Web3 Foundation, Polkadot is poised for future growth. Web3 refers to the next generation Internet where decentralized platforms offer users complete control over their privacy and personal data rather than any large corporations. The primary goal of Polkadot is to eliminate the slow communication process between public and private blockchains and also promote interoperability.
The network is known for its unique and complex architecture. It is multi-chain and combines several blockchains. This unique structure allows Polkadot to process a large number of transactions simultaneously.
The Colossal Rise Of DOT In 2021
The credit behind Polkadot’s rising popularity partly goes to the success of the Kusama network. The upcoming parachain auctions in KSM might drive DOT price to significant highs, making it a good buy now. Many projects are interested in receiving a parachain slot and launching on the network, which is why DOT is the best altcoin to buy now for future returns.
Polkadot has thus established its position as the blockchain for other blockchains by offering interlink through which all blockchains can share data seamlessly. The network is also highly scalable than the proposed ETH 2.0, which foolproofs its future, giving investors a good reason to buy DOT now.
Don't Miss: Will Polkadot (DOT) Make Me Rich?
Blockchain technology is still in its developing stage and has plenty of room for innovative growth. Therefore the crypto market opens myriads of opportunities for investors across the globe. If you are looking for coins with long-term potential, these are the 3 growth cryptocurrencies to invest $250 in right now.
However, it is always advised to consider factors, like your investment goals, strategy, crypto trading experience, risk appetite, and budget, before buying any cryptocurrency.
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