3 No-Brainer Cryptocurrencies To Buy In December

Last Updated November 25th 2022
6 Min Read

Cryptocurrencies have emerged as a desirable investment option over the past few years. With its ever-increasing popularity, the growth shows no signs of stopping any time soon. December is undoubtedly a prolific month for several cryptocurrencies. Therefore it is best to look at the three cryptocurrencies no-brainer to consider in December.

In the wake of Bitcoin's price explosion and as more digital currencies flood the market, investors are always looking for the next digital asset to buy. But how does one go about finding a cryptocurrency which will take off in the future? Today there are thousands of cryptocurrencies to choose from. The list keeps growing each passing day. 

So let us examine three cryptocurrencies that could generate massive returns over the long haul and what lessons we can learn from their impressive performance. Even though the crypto market is volatile, these three digital assets have the potential to grow and attract more attention from investors.

No-Brainer Cryptocurrencies To Buy In December:

  • Cardano (ADA)
  • Solana (SOL)
  • Ethereum (ETH)

1. Cardano (ADA) 

Ever since its inception in 2015, Cardano has attracted significant attention and demand for its blockchain network. Thanks to its advanced functionalities and offerings, the crypto community widely remarks Cardano as the "Ethereum killer." In addition, Cardano is a layer one blockchain platform with more than 70% of the total currency, ADA, staked for network validation. For the uninitiated, this is an impressive rate. 

Cardano also boasts of various notable partnerships with governments, universities, and businesses. The Proof-of-Stake (PoS) network has a strong development team working on its future upgrades. Cardano's separation of the computation and settlement layers has resulted in much lower transaction fees when compared to other networks.

Third-generation cryptocurrencies like Cardano (ADA) learn from assets like Bitcoin and Ether to improve their shortcomings. ADA utilizes newer developments such as layered architecture to enhance security, scalability, and sustainability. The network validates transactions without consuming high energy, making ADA a green coin that sustainably scales to global requirements without compromising security. Moreover, ADA employs a new and advanced layered architecture to enhance security, scalability, and sustainability. Investing in ADA now is an excellent way to become a part of this growing ecosystem.

Cardano: Unique Features 

Cardano, a viable competitor of Ethereum, seeks to offer several compelling capabilities of the blockchain network. The platform focuses explicitly on the security and scalability of decentralized systems, applications, and societies. The upcoming network updates and technical offerings are only likely to drive the price of ADA to new heights. 

Cardano supports fast transactions with minimal transaction fees and provides the unbanked population easy access to financial services. Cardano has notable partnerships with governments in Africa and plans to broaden its network into other parts of the developing world. 

Today, ADA is known for its efficient PoS mechanism that limits the carbon footprint. However, if the team works more towards the sustainable part of the network, it might attract more eyeballs, accelerating the price up to $1 by the end of 2023, as per experts. 

Notably, ADA has exploded significantly over the past few years and is currently one of the top 10 cryptocurrencies by market capitalization. 

Check Out: Cardano Price Prediction Forecast

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

2. Solana (SOL) 

Solana is a unique cryptocurrency described as "a fast, secure, and censorship-resistant blockchain providing the open infrastructure required for global adoption".

With its increasing popularity among traders and investors, crypto analysts predict that Solana is going to explode by the end of this year. There are several reasons and technical updates that back up this prediction. First, Solano has rapidly positioned itself among one of the top-performing cryptocurrencies in the market. Though the idea behind the project began in 2017, it was officially launched in the market in March 2020. Second, Solana is an open-source project that leverages blockchain technology to provide decentralized finance solutions.

With its low cost and faster transactions, SOL can replace the Ethereum blockchain in developing dApps. Adding to its popularity, Solana is currently the quickest blockchain network in the crypto industry.

The primary reason for Solana's popularity in the crypto space is its rapid processing times. Though Ethereum is an advanced platform for creating decentralized applications, users needed an alternative option that is cheaper and faster. This is what Solana blockchain brought in. Its hybrid protocol facilitates decreased validation times for the execution of both smart contracts and transactions.

Solana has a unique distributed ledger network that scales up to 65000 transactions per second (TPS). It processes faster transactions without compromising network security. It provides unparalleled speed by adding time-stamps to its blockchain transactions, a relatively new feature used by Google and Intel to optimize their data facilities.

The protocol is created so that the network processes low transaction costs while still ensuring scalability. Unlike other cryptocurrencies, Solana uses a unique consensus protocol known as Proof-of-History (PoH). It was developed to enhance the scalability and usability of the network. It is this mechanism that facilitates a large number of transactions in the network.

PoH enables users to create historical records by showing the specific time of every event in the network. For this and many other reasons, buying SOL in December is a no-brainer.

Read Also: Solana Price Predictions

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

3. Ethereum (ETH) 

The overwhelming performance of Ethereum since the beginning of 2021 has attracted individual and institutional investors alike. The price of Ethereum has risen more than 400% in 2021. Unlike Bitcoin, Ethereum is a software platform that runs on a blockchain. More than just a cryptocurrency, ETH is also a global computing network for decentralized apps. It is poised for long-term growth, which is why buying ETH now could make you a fortune over the next ten years.

Along with hosting Ether tokens, the Ethereum network is the foundation for other applications like non-fungible tokens (NFT) and decentralized finance (DeFi). NFT will change the way digital items are bought and sold, while DeFi aims to revolutionize the banking sector. The increasing popularity of DeFi, dApps, and NFT is one significant reason to buy Ethereum now for future returns.

Moreover, the network is in the middle of a significant upgrade which aims to make it a more sustainable and energy-efficient cryptocurrency. The much-awaited Ethereum 2.0 will undoubtedly boost the growth of Ethereum by advancing the network, changing the way transactions are verified, and reducing gas fees. The upgrade also aims to increase the network’s scalability and security, which is why experts endorse an Ethereum investment for massive returns in the long run.

The network will shift from Proof-of-Work (PoW) consensus method to Proof-of-Stake (PoS) algorithm for verifying blocks and mining. This transition will make Ethereum more energy-efficient, secure and increase the network speed. This will eventually boost Ethereum’s mainstream adoption, making it more attractive as an investable digital asset. Crypto enthusiasts expect the asset price to rebound and advance to record highs after the upgrade. Therefore buying Ether now helps you double your investment in the future.

With the launch of ETH 2.0, the blockchain will also become more scalable and host even more applications. This would give the asset even more utility, and the price of ETH would significantly rise higher, so investing in Ether and becoming a part of this growing ecosystem is a no-brainer.

Don't Miss: Ethereum Price Predictions

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Bottom Line 

Being a successful investor means choosing your options wisely. Based on key considerations, we believe that ADA, SOL, and ETH are the 3 no-brainer cryptocurrencies to consider buying in December. However, like any other investment, cryptocurrencies also come with risks and potential rewards. Therefore, it is always crucial to understand your risk potential and choose the assets that suit your budget.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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