3 Top Cryptocurrencies To Invest $100 In Right Now

Last Updated October 20th 2021

7 Min Read

Cryptocurrencies have disrupted the finance world for good and have opened up doors of opportunities for investors. However, with blockchain technology still in its developing phase, not all cryptocurrencies offer the same value. Investors seeking to enter the crypto world have several questions to address as there are over 7000 cryptocurrencies in the market today. Therefore, considering several key factors, we have compiled the top 3 cryptocurrencies to invest $100 in right now.

Key Points

The Ethereum network is snowballing, thanks to its recent upgrades, making Ether a stellar investment choice.
Since smart contracts are now finally live, Cardano could be a good buy now.
Stellar is one of the best-performing altcoins of the last five years, with steady growth in price and development.

Top 3 Cryptocurrencies To Invest $100 In Right Now:

1. Cardano (ADA)

With ADA’s tremendous rally, the token could be poised to beat its current all-time highs by the end of the year.

Cardano is a third-generation cryptocurrency that has gained massive traction from investors across the globe. It is a Proof-of-Stake protocol that makes ADA one of the top sustainable cryptocurrencies to buy now. The protocol also offers faster transaction times with significantly less energy usage.

The price of ADA has increased by almost 1668% since the beginning of the year so far. The momentum is expected to grow continuously in the coming months with significant partnerships and upgrades. As a result, several investors expect ADA to hit a new fresh all-time high, reaching more than $4 by the end of 2021.

The Alonzo Update

A key reason why ADA is one of the top cryptocurrencies to invest $100 in right now is the launch of its latest Alonzo update. With the upgrade, smart contracts are being introduced to the network, attracting several forward-thinking investors. In addition, the update is a significant part of the Goguen era as the Cardano mainnet has now successfully transitioned from the Mary era.

The launch of Alonzo was an overnight success, with over 100 smart contracts being added to the blockchain in the first 24 hours following the launch. This will eventually boost Cardano’s adoption rate, skyrocketing ADA’s price to new highs.

Major Partnerships And Listings

Cardano is also enjoying a positive momentum because of ADA’s recent listing on Japanese cryptocurrency exchanges. Since Japan is considered to have one of the strictest criteria for entering the market, the authorization of ADA offers an additional level of credibility to Cardano, boosting its investability quotient.

Moreover, the Cardano Foundation, a non-profit organization and custodian of the Cardano blockchain, has recently announced numerous strategic partnerships with high-profile institutions. This will further boost the adoption and utilization of the Cardano blockchain, pushing ADA’s price to significant highs.

Why Invest $100 In ADA Now?

The launch of the smart contract has galvanized Cardano’s growing position in the crypto market today. Moreover, Cardano is known as the most actively developing cryptocurrency project, making it a good buy now.

As for Cardano itself, the team promised to continue its focus on numerous developments, including synchronization efforts and compression of transaction script sizes to optimize throughput on the network. Cardano also has an added advantage as a sustainable green coin, continuously attracting the attention of climate-conscious investors.

Expert Comment

WalletIInvestor:

“ADA will reach $4.736 in one year and $12.505 in five years, which is a potential return of 62 percent and 328 percent, respectively.”

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

2. Stellar Lumens (XLM)

The price of XLM is steadily rising today as investors latch on to new partnership news and announcements, making Stellar a good buy now.

Stellar Lumens has been on a constant bullish trend over the past few months. XLM has had a whopping surge of over 92% from its lowest in July 2021. Stellar is basically a decentralized network where users can create, send and trade several types of cryptocurrencies. Launched in 2015, the project aimed to bring the world’s financial systems together under one network.

Stellar has also experienced several growth spurs over the years, attracting the attention of investors worldwide. One such boost happened when Mercado Bitcoin announced its use of the platform. Within a year, Stellar had almost 3 million user accounts.

The Lumen network is also highly efficient as transactions settle in as little as five seconds and cost less than pennies. This makes the network ideal for both international and consumer transactions. Moreover, it is suitable for disrupting the traditional banking sector that usually charges high foreign exchange fees for cross-border transactions.

Recent Updates That Skyrocketed XLM’s Price

The Stellar Development Foundation has recently announced their investment of $15 million in Airtm, a financial services company in Mexico. The press release by Stellar stated that Airtm will integrate with Stellar by 2022. The purported aim of the coalition is to bring global financial services to businesses and consumers in the Latin American region as well as other developing countries.

Apart from this, the foundation has also recently announced a new project that will allow users to access funds in their digital wallets seamlessly. The partnership enables Stellar to work alongside Visa, Tala, and Circle. The three companies will work together to allow users to access the USD Coin initially.

Here Stellar would provide the blockchain necessary to move around the funds that would be used in the partnership. Although the wallet will not directly hold Stellar Lumens, the partnership will significantly push the value of XLM, making it a good investment option now.

The Potential Value Of XLM

Currently, Stellar has destroyed half of its Lumens and does not plan to create more anytime soon. This will further lead to a scarcity in the total supply, eventually boosting XLM’s value even higher in the future. The potential increased value could likely make XLM a good investment asset to buy and hold.

The Stellar-Moneygram Partnership

A significant reason to invest $100 in XLM right now is the partnership between the International money-transfer giant MoneyGram and the Stellar Development Foundation, which will allow customers to process cross-border payments with the USDC stablecoin.

By utilizing Stellar’s blockchain technology, MoneyGram ensures the lightning-quick settlement of payments. Moreover, the integration is expected to launch in several markets by the end of the year, along with an international rollout planned in 2022.

Alex Holmes, MoneyGram Chairman, and CEO said,

“At MoneyGram, one of our top strategic priorities is to pioneer cross-border payment innovation and blockchain-enabled settlement, and we're thrilled to now work with the Stellar Development Foundation to further our efforts. As crypto and digital currencies rise in prominence, we're especially optimistic about the potential of stablecoins as a method to streamline cross-border payments.”

Expert Comment

CryptoNewz:

"There is also speculation as well as future Stellar Lumens price prediction that its substantial increase over the past year states that Stellar Lumens price can be projected to be in the high of $0.65 – $0.75 in 2021, and by the time 2025 comes, the price might go up in the range $1.50 – $2.00."

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

3. Ethereum (ETH)

With the London hard fork, the asset is up for a new era as the ETH price continues to rise higher, making Ethereum a good investment now.

Along with being a cryptocurrency, Ethereum is also a network that allows developers to create their own cryptocurrency by using the Ethereum network. This programmable digital currency is faster and more flexible. Thanks to the increase in DeFi and dApps, the price of ETH has seen a colossal rise since the beginning of 2021. Yet another reason to buy ETH is the surging popularity of DeFi and NFT platforms. Ethereum hosts several NFTs and DeFi on its blockchain network, driving its adoption rate.

The Rise Of ETH - The London Hard Fork

The most major catalyst for ETH’s price surge recently is the completion of the London hard fork. This is also marked as Ethereum’s biggest technical event of the year. The technical upgrade was implemented on August 5, 2021, and brought in the controversial EIP-1559. The upgrade will make three significant changes to the smart contract blockchain.

This also ushered in a new era for the transition to the much-awaited Ethereum 2.0, making Ethereum a complete Proof-of-Stake blockchain. The London upgrade is supposed to be the penultimate step before the final transition, scheduled sometime in 2022. The launch of ETH 2.0 would skyrocket the value of Ethereum to record highs, which is why it is best to invest in ETH now.

Expert Comment

Trading Beasts

“According to our ETH price prediction, the coin might cross the $2700 price mark by the end of 2021. The maximum price might be around $2777 and the minimum around $1900. The average price of Ethereum for December 2021 might be around $2750.”

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

The Bottomline

To conclude, cryptocurrencies have emerged as a potential investment asset in the market today, helping investors to secure good fortune. There are over thousands of digital assets today with stellar technology and the capability to give good ROI if invested strategically. However, considering all the factors, here are the top 3 cryptocurrencies to invest $100 right now to double your money over the long run.