3 No-Brainer Cryptocurrencies To Buy Right Now

Learn more about the three must-buy cryptocurrencies that could help you become rich in the long run.

Last Updated October 21st 2021

7 Min Read

Cryptocurrencies have exploded in popularity over the last several months. Although Bitcoin remains the most popular, many other altcoins are gaining serious steam.

The top cryptocurrencies are attracting investors looking to diversify their portfolios. In addition, many growing companies accept cryptocurrencies as legitimate means of payment, making now a good time to invest in digital assets. Currently, there are thousands of digital assets in the market, making it tough to know which cryptocurrencies to buy. While some tokens do not hold promise, others have better use cases and top-notch offerings.

Hence, here is a guide to help you figure out which coins are the best to invest in now. So go on and take a look at the three no-brainer cryptocurrencies to buy right now.

Bitcoin (BTC)
Ethereum (ETH)
Uniswap (UNI)

1. Bitcoin (BTC)

Consider investing in Bitcoin, the largest and the most trusted cryptocurrency in the world.

Bitcoin is an “electric peer-to-peer cash system," according to its anonymous creator, Satoshi Nakamoto. The goal behind Bitcoin’s creation was to create a system for electronic transactions without relying on trust. Bitcoin succeeded in this task through a combination of determination and technological prowess.

Bitcoin has a fixed supply. It is hard-coded into the Bitcoin protocol and will not change. This ensures that digital money will increase in value over time.

Almost any technology that is the first of its kind has a brand name appeal, giving it a considerable advantage. In the crypto industry, Bitcoin stands out as the de facto cryptocurrency trusted by most investors. When you think of or mention crypto, most people think of Bitcoin, which helps the coin stay in power and act as a store of value. Thousands of cryptocurrencies have come out since Bitcoin emerged. Yet, Bitcoin truly is the market leader even over a decade years later.

Through a global transaction network, users can send BTC securely across borders, in any amount, at low costs, and without the need for trusted third parties. Over 100,000 merchants worldwide now accept Bitcoin. The number of active wallet addresses on the Bitcoin network continues to grow – a vital sign of a vibrant and growing financial ecosystem – while the methods for sending, receiving, and storing BTC continue to improve at both the consumer and institutional levels.

One of Bitcoin’s major criticisms is that it is slow to process transactions (typically 10 minutes on average). However, the Lightning network is being built as a second layer on top of the Bitcoin infrastructure, which would allow faster transactions.

With the addition of smart contracts, the upgrade would allow Bitcoin to have the same power as Ethereum and process complicated financial transactions at the speed of light. The possibilities are endless, and in a world where time is money, the more transactions that can happen, the faster the velocity money can occur to allow that to happen and grow economies.

Cryptocurrencies also have the hype factor. Most digital assets hit peak prices by riding on hype. Once the market turns bearish, and the hype dies off, investors take off, and the project dies too. However, this is not the case with Bitcoin. Being the largest crypto project, Bitcoin does not need hype or development funds. In essence, even in times of market downturns, the platform continues to operate normally. It prevents Bitcoin from collapsing and pretty much guarantees that it makes a rebound due to the forces of demand and supply.

The demand is now higher for Bitcoin than ever before. Unlike in the past, there is institutional demand for Bitcoin. As such, it has the potential to make a strong rebound after a crash. Based on its fundamentals, Bitcoin is also highly undervalued today, making now a good time to buy and hold BTC.

Check Out: Pros and Cons of Investing in Bitcoin

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

2. Ethereum (ETH)

Invest in Ethereum, the future of DeFi and NFT, to become a part of the growing ecosystem.

Ethereum (ETH) is a cryptocurrency with a high market crash survivability potential. The second-largest cryptocurrency (by market cap) has many factors playing in its favour in case of a market crash. One of them is its high levels of adoption. Ethereum is one of the most sophisticated cryptocurrency projects out there, evident in its adoption.

It dominates everything from DeFi to NFTs. Since these are growth markets, the demand for Ethereum will only grow going into the future. In fact, in the crypto crash of May 2021, Ethereum lost by roughly the same percentage levels as Bitcoin. However, its rebound has been strong.

As its adoption grows, Ethereum will become less susceptible to the volatility that characterizes the broader crypto market. That is because its price will be driven more by its internal economy’s demand and supply dynamics than market speculation.

However, the risk of a market crash aside, Ethereum is highly undervalued at current prices as it is undergoing an upgrade to enhance efficiency. This factor will entrench its position as the engine driving the DeFi and NFT markets going into the future, playing into its demand for years.

The ongoing upgrades also touch on the supply dynamics of this blockchain. For instance, in August, the London hard fork introduced a coin burn for some of the Ether generated during transactions. For Ethereum, this is a factor that could see it rally significantly going into the future. As a result, even high 5-figure valuations could be possible for Ethereum, according to various industry experts.

Notably, Ethereum allows crypto projects to be created on its network, known as ERC20 tokens. In addition, Ethereum is also at the forefront of the projects in the non-fungible token (NFT) space, with most of the platforms built on Ethereum being one of the largest in terms of volume.

Ethereum aims to create an enabling environment where smart contracts and distributed applications can be built and run without downtime, fraud, control, or interference from third parties. For all these reasons, buying ETH now could help investors realize massive profits in the long run.

Don't Miss: 26 Reasons Why You Should Invest in Ethereum Today

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

3. Uniswap (UNI)

Buying UNI is the easiest way to invest in Uniswap, the largest DEX in the world.

Uniswap is a decentralized exchange built on the network of Ethereum. Instead of using a traditional order book, it employs an automated market-making system. As a result, Uniswap allows direct peer-to-peer cryptocurrency transactions to occur online safely and securely without any intermediaries.

Users pool together two assets and then trade them against each other, determining the price based on the ratio between the two instead of matching individual buy and sell orders. Uniswap runs on Ethereum as an ERC-20 token. Thus, the platform exists as two separate but interrelated entities. Its novel token and ticker symbol UNI trades on exchanges and governs the ecosystem.

The primary idea behind the creation of Uniswap was the simplification of the buying and selling of digital assets. In the DeFi space, professional market makers have little motivation to provide liquidity to thinly traded assets.

So Uniswap enables anyone to become a market maker as long as they deposit assets into a pool. In addition, this feature allows for real-time transactions, solving issues of costly payments and transactional unreliability.

UNI is easily accessible to users as it is listed on various exchanges. Popular platform eToro recently listed UNI, a massive achievement due to the exchange’s stance on listing high-frequency trading assets. UNI gained admission into eToro in April 2021. UNI can also be found on the largest cryptocurrency exchange in the world, Binance. For most of its existence, Binance records more daily volumes on its platform than all exchanges.

With millions of customers pouring liquidity into digital assets, UNI will not be left unattended - the main reason why it keeps recording millions and billions of daily trading volumes. Thus, in the future, a price increase will be buoyed by increased trade volume, which will positively impact the valuation of the cryptocurrency.

To sum up, Uniswap has a lot of positives going for it. It is the world’s largest decentralized exchange by volume, which means there is a strong underlying demand for Uniswap, over and above speculation.

Since adoption is the foolproof path to crypto value appreciation, Uniswap's future growth potential is very high. There is also the fact that the market for decentralized exchanges is on an exponential growth path. That is because of the security risks that come with centralized exchanges.

Thanks to its solid foundations and growth, Uniswap is one of the hottest crypto projects out there. Buying and holding on to UNI tokens is perhaps the most popular and easiest form of investing in the ecosystem.

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

Bottom Line

There is no question about it: cryptocurrencies are here to stay. However, it is essential for investors to carefully research before investing in digital assets as it is still a nascent, volatile sector.

Based on various considerations, Bitcoin, Ether, and UNI are three no-brainer cryptocurrencies that could help you realize massive profits in the future.

Keep in mind that that cryptocurrency is not a get-rich-quick scheme. Instead, you should consider it a long-term investment.