Cryptocurrencies can be an excellent investment and are now widely used. It is a rapidly growing ecosystem changing the world's traditional financial systems.
The recent crypto market crash has not really stopped investors and traders. Experts believe digital assets are ready to bounce back and are likely to recover over the next few months. So to help you jump on the crypto bandwagon, we have compiled a list of the 5 best cryptocurrencies to buy for the recovery - June 2022 week4.
Polygon (MATIC)
Polygon (formerly known as Matic Network) is a Layer 2 scaling solution for Ethereum scaling and infrastructure development. The project aims to create “Ethereum’s internet of blockchains,” by solving scalability issues of existing blockchains. It offers developers tools to build ultra-scalable and high-performance blockchains and decentralized applications (DApps).
The Polygon team is led by its four co-founders – Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic. MATIC is Polygon’s crypto token, which is primarily used for paying gas fees and participating in blockchain governance.
Polygon is also the only scaling solution that supports the Ethereum Virtual Machine (EVM), which allows different blockchains to easily exchange value and information, eliminating the technological barriers between most blockchains. Polygon blockchain can process up to 65,000 transactions per second, with a block confirmation time of fewer than two seconds.
The popularity of the native MATIC token stems from the network objective of developing solutions to some of Ethereum’s major challenges, such as high fees, low transaction speed, and a poor user experience. These factors make MATIC one of the 5 best cryptocurrencies to buy for the recovery - June 2022, week 4.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Avalanche (AVAX)
Avalanche is a smart contracts platform that has gained traction as a launchpad for various dApps and NFTs. It shot to popularity in 2020 as a top Ethereum competitor and has gained significant traction in the market. This has to do with the network’s key metrics of scalability and low costs. The network is known for handling up to 4500 transactions per second at pretty low costs.
Also, unlike some of its competitors that have suffered network lags, Avalanche is known for its network stability. Furthermore, the network has shown positive responsiveness in price as adoption grows. Back in 2020, AVAX made an all-time low of $2.79. By November 2021, it had shot up to an all-time high of $146.22. Most price predictions expect AVAX to remain a top-performing altcoin, making it one of the 5 best cryptocurrencies to buy for the recovery in week 4 of June 2022.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Tron (TRX)
Another crypto to buy for the recovery is TRON (TRX), a digital currency initially based on the Ethereum (ETH) blockchain but later migrated to its own network in 2018. Created in 2017 in Singapore, Tron aims to host global entertainment for sharing digital content cost-effectively.
Tron (TRX) uses most of the features of the blockchain. It works on a peer-to-peer network technology that eliminates intermediaries and allows content creators to work directly with consumers, making it preferable to share digital content.
Its blockchain-based operating system has emerged as a challenger to media giants such as Amazon, Netflix, Facebook, and YouTube. With Tron, you can engage in commercial transactions without paying a percentage of your income to corporate go-betweens. It is one of the best cryptocurrencies to buy for the recovery in Week 4 of June 2022 because of its number of use-cases and real-world applications.
Tron is one of the largest blockchain platforms in the world and has leveraged blockchain technology, unlike any other cryptocurrency. With many crypto traders turning to blockchains that provide cheaper transaction fees and speed not found in Ethereum (ETH), Tron's (TRX) seems to be the real deal. So if you are looking for a cryptocurrency with potential, consider investing in the TRX token.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply
Cardano (ADA)
Cardano is a large-cap cryptocurrency that also makes it to the top 5 best cryptocurrencies to buy for recovery. It is a platform blockchain and is one of the biggest Ethereum competitors in the market today.
However, it stands out from the competition for its security features. This is all thanks to its Ouroboros Proof-of-Stake algorithm that has proven to be secure, scalable, and decentralized.
While Cardano remains a work-in-progress, one factor that makes it a hot cryptocurrency to buy today is the recent introduction of smart contracts. The network’s smart contracts were introduced in October 2021, and since then, there has been a healthy growth in dApps within the Cardano ecosystem.
Thanks to its scalability, and low costs relative to Ethereum, many analysts expect Cardano to grow in adoption in 2022. The native token ADA is also expected to grow since it acts as a utility token within the ecosystem. Naturally, most ADA price predictions expect it to be one of the top altcoins that could do well in 2022.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Fantom (FTM)
Fantom (FTM) is a smart contract platform that boasts scalability and speed. It uses a consensus mechanism known as Lachesis that allows it to be even faster and cheaper than existing smart contract platforms like Ethereum (ETH) while retaining a high degree of security through a proof of stake system.
Fantom provides a lot of attractive features and services to the market. Both users and developers gain utilizing this next-gen blockchain. As more developers seek Ethereum alternatives, you can expect to see Fantom continue to rise, making it one of 5 best cryptocurrencies to buy in week 4 of June 2022 for market recovery.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
In Conclusion
Instead of getting disheartened by the bear market, focus on building up your market share by investing in these top 5 cryptocurrencies.
Read More:
The 5 Best Ways To Buy Polygon (MATIC)
The 5 Best Ways To Buy Avalanche (AVAX)
15 Most Promising Cryptocurrencies To Invest In
Next Cryptocurrency To Explode