The bear market is almost over, and these are the two best options to diversify your investment portfolio.
Cryptocurrencies have suffered through a vicious bear market since the beginning of 2022. Several cryptos are still struggling to make headway against the adverse economic winds, followed by the discussion of inflation rates and further monetary tightening by the Federal Reserve.
Although Bitcoin falls under the obvious choice for investors, it’s not necessarily the best one now. New altcoins like Chiliz and Cosmos might give you a bigger payoff than any other high-market capped cryptos. These 2 cryptos are still soaring right now and could be your best choice, as their focus is on addressing the issues of scalability, interoperability, security, and exploring new niches.
- Cosmos appears to have a bullish trajectory ahead with its focus on interoperability and scalability.
- The move from the Ethereum blockchain to creating its own ecosystem has positioned Chiliz as one of the top cryptos to buy in 2022.
Chiliz (CHZ)
Thanks to a significant update to the network, Chiliz has attracted massive attention lately.
Chiliz is a crypto token that has come to the limelight recently. With its strategic partnerships with major sports teams globally, it has consistently been on investors’ radars recently. Unlike other tokens, CHZ is a novel entertainment and sports crypto created by a Malta-based fintech provider. The recent endorsement by Arsenal Football Club has elevated the crypto further and made it one of the most profitable assets to invest in.
Chiliz is basically a sports token that operates on a blockchain-based sports entertainment platform called Socios, which facilitates participation in the life of favourite sports clubs and brands. Fan tokens are the best way to build a community and give fans exclusive benefits. CHZ offers the club new revenue streams and numerous benefits for the fans. It has multiple real-world partnerships and offers utility outside the crypto sphere.
The crypto has over 120 partnerships with multiple sporting teams like soccer, American football, hockey, tennis, and more. Sports fans can enjoy exclusive benefits like meeting their heroes, getting signed merchandise, or even attending VIP events by buying team tokens.
Yet another catalyst for CHZ's dramatic soaring right now is that the project is on the verge of moving to its own blockchain from Ethereum. The move from Ethereum would significantly reduce gas costs and pave the way for more development.
Additionally, the crypto is also in the final stage of the testament development of Chiliz Chain 2.0 or CC2, which has thrilled investors. The motive behind CC2 is to make the entire project more scalable and expand the utilities for the CHZ token. The developers have also promised that the enhanced chain would allow for the trading of NFTs and other digital assets, making i a good buy now.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cosmos (ATOM)
Interconnected blockchains could be the future, making ATOM one of the best cryptos worth buying now.
ATOM hit an all-time high of $44.70 in September 2021, and since then, Cosmos has attracted the attention of numerous investors and crypto enthusiasts. Thanks to its focus on facilitating communication between separate networks, experts are highly bullish about Cosmos for the coming years. Cosmos touts itself as the “internet of blockchains” and aims to facilitate the development of an interconnected decentralized economy.
The network’s core service revolves around allowing users and developers to exchange and integrate data, with ATOM being the payment for these applications and activities and maintaining the network. If the network and its applications continue to gain more traction, Cosmos’s power to let users share data across networks and test applications will bolster the demand and price of ATOM.
Experts are bullish about Cosmos as the network also has a range of partnerships, making it a strong investment option. For instance, the bridge between Cosmos' blockchains and Polkadot, the Astar/Shiden Network, has touched a key milestone. This represents a key catalyst for Cosmos' ecosystem growth. Currently, the ecosystem hosts numerous open-source tools, including Cosmos Hub, Inter-Blockchain Communication Protocol, Tendermint, and Cosmos Software Development Kit (SDK).
The Protocol Theta upgrade, which went live in April 2022, is yet another reason Cosmos is still soaring right now. The upgrade was intended to enhance interoperability between multiple blockchain networks. Some of the advanced features in the upgrade include the addition of meta-transactions where transactions can be introduced by separate accounts that receive tips, liquid staking, and the launch of inter-chain accounts, allowing users to manage accounts across multiple blockchains. Theta also includes NFT modules, facilitating seamless management of NFT identifiers, their owners, and associated data.
Another event investors are all fired up for is the so-called upcoming “Cosmoverse 2022”. Currently, it includes over 50 blockchains connected to each other through the proprietary
Inter-Blockchain Communication (IBC) protocol. The team aims to hit a number of over 200 by the end of the year.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Can These Coins Continue To Outperform The Market?
Blockchain technology is still in the stage of development as it continues to be improved and streamlined, positioning itself as a lucrative investment sector. Regardless of the long-winding weakness in the entire crypto market, both Chiliz and Cosmos are still soaring right now, showing strong performances. Moreover, if autumn turns into an altcoin season, these are the best two cryptos to buy for generating profitable returns over the long run.
However, a lot will also depend on Ethereum’s much-awaited Merge, as it will certainly fuel the momentum of these two soaring cryptocurrencies.
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