Best Cryptocurrencies To Buy For The Upturn

Last Updated June 15th 2022
6 Min Read

The cryptocurrency market has been bearish for months, mainly due to inflationary fears globally. Internal cryptocurrency factors such as the collapse of Terra and UST, and now Celsius's pause on all withdrawals have not made matters any better. 

While it may feel like the sky is falling, savvy investors know this is an opportunity to look for the best cryptocurrencies to buy for the upturn.

If you are an investor looking to capitalize on these low prices and invest, you have come to the right place.

This article looks at some of the best cryptocurrencies to buy at a bargain. Let’s get started.

 

Avalanche (AVAX) – A Scalable And Stable Smart Contracts Network

Top on the list of best cryptocurrencies to buy for the upturn is Avalanche. Avalanche is a smart contracts platform known for its scalability and network stability.

avax price chart

Source: TradingView

Avalanche can easily handle over 4500 transactions per second at an almost negligible cost. This has seen it grow in adoption, especially in DeFi.

Avalanche is also consistently innovating to give Dapps developers the best. For instance, Avalanche recently introduced subnets, which give it almost infinite scalability, perfect for the fast-growing Web 3.0 space.

As adoption rises, so are AVAX prices' odds over time. As such, investors that choose to buy AVAX now could see significant gains, once the markets stabilize.

Avalanche is currently trading at $15.03 and is down by more than 40% in the month.

Read Also: Avalanche (AVAX) Price Prediction

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

Chainlink (LINK) – Top Decentralized Data Oracle Network

Next on the best cryptocurrencies to buy for the upturn is Chainlink. Chainlink has established market dominance in allowing smart contracts to access external data needed for optimal running.

link price chart

Source: TradingView

Chainlink is gaining in popularity because it guarantees that there is no single point of failure in data.

Chainlink has also worked on scaling by introducing hybrid smart contracts. This means combining on-chain and off-chain data, ensuring that Chainlink never lags, regardless of how heavily it is used.

Thanks to its dominance and scalability, Chainlink has seen massive adoption in the market. One of the latest protocols to adopt Chainlink is Crust Network, which has integrated Chainlink into its Web 3.0 platform.

When writing this article, Chainlink was trading at $7.15, down by 25% in the week and over 40% in the month.

Check Out: Chainlink (LINK) Price Prediction

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

Ethereum (ETH) – The King Of Smart Contracts

First-mover advantage matters in everything, and Ethereum has it in the smart contracts space. It was the first programmable blockchain and today accounts for more than 50% of all smart contracts.

ethereum price chart

Source: TradingView

Due to its popularity, Ethereum has faced many scaling issues, but it is currently in the process of dealing with them. This is being done by a shift from a Proof-of-Work algorithm to Proof-of-Stake.

While the merge that will see Ethereum run as a Proof-of-Stake network has come a long way, Ethereum developers expect it to happen as early as August 2022. Below is a tweet by Ethereum developer Tim Beiko that confirms the same.

Thanks to Ethereum’s advantage as one of the most decentralized networks, adding scalability to the picture makes ETH a top cryptocurrency to buy for the upturn. As a Proof-of-Stake network, investors will also be able to earn passive income on Ethereum, further adding to ETH's appeal as top cryptocurrency investment.

When writing this article, Ethereum was trading at $1,122.49.  

Don't Miss: Ethereum (ETH) Price Prediction

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

Solana (SOL) – One of the most scalable blockchains

Solana is one of the newer cryptocurrencies but has already made a name for its scaling capabilities.

solana price chart

Source: TradingView

Solana can handle up to 50k transactions per second.  This is all thanks to its hybrid algorithm that combines Proof-of-Stake (PoS) and a new consensus mechanism called Proof-of-History (PoH). Solana is also known for its low fees, going to as low as $0.01 per transaction.

These metrics have seen supportive infrastructure such as data oracles choosing Solana. For instance, Chainlink, the leading decentralized data oracle, recently went live on the Solana blockchain.

This means Dapps developers on Solana can now use Chainlink’s data for prices to run their smart contracts.

Despite this growing acceptance of Solana as a top smart contracts platform, the price continues to drop. In the last 30-days alone, SOL has been down by more than 50%.

SOL is currently trading at $26.81, a pale shadow of its all-time highs of $260. However, this crash and Solana’s strong fundamentals make SOL one of the best cryptocurrencies to buy for the upturn.

A retest of its all-time highs would be a huge win for investors and explains why savvy investors are looking to buy Solana now.

Read Also: Solana (SOL) Price Prediction

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

Celo (CELO) – A blockchain protocol optimized for smartphones

Celo easily makes it to the list of the best cryptocurrencies to buy for the upturn, and for a good reason.

celo price chart

Source: TradingView

Per the whitepaper, Celo wants to make cryptocurrencies easily accessible through smartphones.

The idea behind Celo is simple; rather than have lengthy cryptographic addresses that are hard to remember, it uses mobile numbers. This means a user can send or receive crypto by using the recipient’s mobile number as an address.

However, Celo is a little more than just trying to make addresses human readable. Thanks to its integration with the Ethereum Virtual Machine, Celo users have access to many blockchain opportunities, including in DeFi.

Celo’s appeal is growing, as is evident in the number of platforms that now support the CELO token and its reserves-backed stablecoin called cUSD. Among the latest to support cUSD is Huobi Global, one of the largest exchanges globally.

All these factors are pushing people to invest in Celo more, and once things cool down, this growing demand could play into its price direction.

Don't Miss: Celo (CELO) Price Predictions

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

Conclusion

This article has looked at some of the best cryptocurrencies to invest in for growth. While all of them hold lots of growth potential, Avalanche is our top pick for the best cryptocurrencies to buy for the upturn.

Open an account with eToro, deposit some funds with USD, and finally – buy cryptocurrencies for just $10.

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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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