Invest in these 3 top cryptocurrencies with immense growth potential.
The current bear market is an opportunity for serious investors to build their market share. Besides Bitcoin, many other altcoins show immense potential for long-term investments. We have narrowed down the 3 most promising cryptocurrencies to help you reap high returns.
Ethereum (ETH)
Ethereum, commonly known as Ether, is the second-largest cryptocurrency behind bitcoin, even outperforming Bitcoin at times. Last year, Ethereum instituted an upgrade that reduced the ETH supply, currently at around 120 million coins. The upgrade also allows the network to handle more transactions per second, improve the platform’s scalability and lower transaction fees.
Compared to Bitcoin, Ethereum lacks scarcity (Bitcoin supply is capped at 21 million coins) and widespread acceptance by companies and governments. However, unlike Bitcoin, Ethereum is not just a store of value. It is also an infrastructure on which apps can be built. Other cryptocurrencies are issued on Ethereum, serving as the foundation of decentralized finance and one of the 3 promising long-term crypto investments.
Many metaverse projects, including Star Atlas, Axie Infinity, and The Sandbox, use the Ethereum blockchain, as do most NFTs. Another upgrade, scheduled for August, will transition Ethereum to a Web3-ready proof-of-stake mechanism that will reduce energy consumption by 99.5%, according to Consensys.net, and further increase security and scalability.
Ethereum is currently experiencing a major slump, which is on par with other major cryptocurrencies. Some analysts say the low price presents a good buying opportunity for investors who have been waiting for the right time to test the cryptocurrency waters. The coin might also appeal to current investors who bought high and would benefit from dollar-cost averaging.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Mushe (MUSHE)
Despite being new in the market, the Mushe ecosystem has been coveted by investors as soon as it entered its presale.
The utility token of Mushe Ecosystem is the XMU coin, a decentralized cryptocurrency that supplies peer-to-peer interaction, rewards, and governance utility. We highly recommend a long-term investment in this promising cryptocurrency.
The Mushe Ecosystem has come to offer various features, including a Mushe Wallet, Mushe DeFi, Mushe Chat, Mushe Verse, and Mushe NFTs. More so, investors are allowed to purchase fractional ownership of Mushe.
With these features, users can buy and exchange crypto coins, vote, play the lottery, access other rewards programs, socialize and participate in play and earn in the Metaverse ecosystem. Intent on providing the best possible user experience, the platform protects investors' data and bans third parties and other investors from accessing users' personal details.
As previously mentioned, the Mushe (XMU) token is currently in its presale, and now could be the best time for you to buy the token and sell it for higher once the price value peaks.
Investors can also acquire fractional ownership in Mushe, which is quite intriguing. The network also offers secure interactions, as evidenced by the Mushe Chat, a social platform that prohibits third parties and other investors from accessing users' personal information.
The network has the needed cryptographic properties. The Metaverse ecosystem also includes a Mushe Verse that lets users socialize, play, and earn, making it one of the top 3 promising long-term crypto investments.
Mushe NFTs represent ownership of Mushe services and may be acquired with the Token if you are interested in joining the NFT and Metaverse craze. Currently, the Mushe Token (XMU) is in presale, making it the optimal time to invest.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Solana (SOL)
Solana is one of the top Ethereum competitors and has been named 'Ethereum killer.'
The creators noted that the platform was designed to surpass the efficiency of competitor blockchains, and the network has arguably achieved this feat successfully.
Solana is a practical open-source network with a permissionless and high-speed layer-1 blockchain. It has many benefits for investors as it is the preferred platform for building dApps and NFTs. Therefore its native token SOL is a highly promising long-term crypto investment.
However, the most impressive and groundbreaking feature of Solana is that the platform can support 65,000 transactions per second (TPS) with near-zero fees and super-low gas fees.
Notably, all cryptocurrencies gain and lose value over time. The COVID-19 pandemic led to market volatility, during which many cryptocurrencies lost value. However, Solana most recently continued growing while the larger market in the crypto world had been losing some value.
It also boasts a unique blockchain technology, a hybrid combination of proof-of-stake and proof-of-history that backs each transaction. It can process transactions even faster than Ethereum, the second-largest cryptocurrency.
Solana’s growth and technology pair together well, offering the potential for the cryptocurrency to grow quickly and efficiently. A big part of Solana’s scalability is the ease of use and lower fees for the end-user.
With thousands of cryptocurrencies on the market, SOL stands apart by showing growth consistency and potential, making it one of the 3 promising long-term crypto investments.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Bottom Line
Investors interested in diversifying their cryptocurrency portfolio should take a serious look at these promising cryptocurrencies. As the creator of blockchain technology, it has deep roots in the industry. Still, investors need to weigh the pros and cons of these assets as they consider their cryptocurrency portfolio as a whole. Investors should treat these 3 cryptocurrencies (ETH, MUSHE, and SOL) as long-term investments instead of a get-rich-quick scheme.
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