If you have the capital, these are the top 3 cryptos to buy now for the future.
2022 has been a tough year for the digital asset market. The crypto winter, brought about by rising inflation, higher interest rates, etc., has alienated many investors. In such a climate, those who have stuck around, know which cryptos are no-brainer investments for high returns. Therefore if you have money to invest, you must take a closer look at the following three cryptos.
- The Merge will have a bullish effect on ETH, making it a good buy now.
- Solana is one of the fastest blockchains with a bright future, thanks to the technology's continuous development.
- BNB’s recent rally has been driven partly by some compelling figures concerning Binance Coin’s total value locked.
Ethereum (ETH)
Investors are piling into ETH because of the upcoming Merge, making it one of the top no-brainer cryptos to buy if you have money to invest.
Since its inception, Ethereum has been a potential investment option offering various functions to investors. The crypto has always been a clear leader when it comes to decentralized applications like non-fungible token (NFT) marketplaces and decentralized finance (DeFi) projects.
The network has gone through various stages and development strategies, consistently sticking with its plan of upgrading the protocol to ensure improved usability, security, functionality, and decentralization. ETH will outperform in the coming days and has a promising future, especially once it completes The Merge update. Currently, the biggest disadvantage for Ethereum is its speed. Once Ethereum moves to Proof-of-Stake, the network would get much faster, managing up to 100,000 transactions per second. It would also lower the high levels of energy consumption of the platform by almost 99.5%.
Additionally, numerous sectors, like gaming, music, and entertainment, also benefit from Ethereum. The future of ETH shines bright as more developments and projects are set to come to the network. With that promising growth on the horizon, ETH could be a no-brainer crypto to buy if you have money to invest, multiplying your earnings in the future.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Solana (SOL)
Solana’s rapidly growing ecosystem would drive the price and value of SOL higher in the coming years.
Although the price of SOL has fallen drastically since its all-time high of $260.06 in November, experts believe that new peaks are coming its way soon enough. The price drop could be interpreted as discouraging by some; however, seasoned investors know that this is the best opportunity to buy the dip and stock up on this crypto as it will have a bull run again.
This breakout crypto has benefited from technological advantages tied to its novel “Proof-of-History” consensus mechanism. Solana is known for its high speed, processing up to 65,000 transactions per second, giving the network advantage over its competitors.
This must-buy crypto is a no-brainer investment, especially with the launch of Solana Pay and its new Web3 phone. The mobile industry is rapidly growing, and Solana has added its mark in the sector through its subsidiary Solana Mobile, introducing its flagship Web3 phone. The first of its kind, it has numerous built-in Web3 services and acts as a crypto wallet.
In addition, the developers also announced the release of Solana Pay, a decentralized system allowing merchants to accept cryptocurrency as a form of payment. They are incredibly energy efficient, and transactions happen instantly, with fees being just a fraction of a penny.
Moreover, the blockchain is on the cutting edge of NFT transactions. It hosts numerous NFT marketplaces, like Metaplex, Solanart, and Magic Eden. Because of all these, analysts are highly bullish about SOL and predict it will hit $124 by the end of 2022.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Binance Coin (BNB)
BNB has plenty of room for growth, making it a good buy for future returns.
BNB is the native token of Binance exchange, the world’s largest exchange of cryptocurrency, which itself bolsters the token’s value and popularity. Binance offers its users a range of different utilities, including staking, farming, and a fully-fledged NFT marketplace. BNB is also used to pay transaction fees on the Binance Smart Chain, which is now an ecosystem with a handful of projects in development.
The token is not merely popular because of the popular crypto exchange, but it is also programmable crypto. Numerous applications and other cryptocurrencies are being built on its network.
Binance stands out from its competitors with a network that can process transactions considerably cheaper than its rivals. Moreover, it is much faster at facilitating transactions, making it a more appealing network for dApp developers and NFT creators alike. Needless to say, BNB is also one of the top DeFi cryptos to buy, with around $5.3 billion in TVL.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
There’s not necessarily a right or wrong time to invest in crypto. But the cardinal rule is if you invest during a slump, prices could quickly rebound, giving you profitable returns. So these are the top 3 no-brainer cryptos to buy if you have money to invest in generating good returns over the long run.
Read More:
The Top 10 NFT Protocols And Tokens
Fastest Growing Cryptocurrencies
21 Great Cryptocurrencies To Buy
Best Future Crypto Coins To Buy
Best Beginner Crypto To Invest In