5 Best Cryptos To Buy Now - Our Picks
Here’s a glimpse of the 5 best cryptos to buy now. Continue reading to get a detailed overview of each token.
Monero - The best privacy coin to buy now
OKB - The token projected a continuous growth rate, even amidst the crypto winter.
NEO - One of the best Ethereum competitors.
Decred - An innovative green coin to buy now.
Compound - The secured lending crypto could be the best buy now.
A Closer Look At The 5 Best Cryptos To Buy Now
Several crypto tokens are starting to reel slowly from the bitter crypto winter of 2022. But still, many investors continue to feel anxious about the FTX fallout and the scandal involving Sam Bankman-Fried.
However, scandals, volatility, and regulations will continue to surface in the crypto sphere. Since we are slowly entering recovery mode, this would be the best time to rebalance your portfolio with some of the top cryptos with growth potential. A handful of crypto tokens have risen against the tide and registered noteworthy gains over the past few months. Let’s analyze why these 5 cryptos are a good buy now for profitable returns.
Monero (XMR)
Among the many blockchain projects that focus on user security, Monero tops the list with its top-notch privacy features. Monero offers greater security and privacy with a mission of providing “digital currency with the anonymity of cash.”
By employing the RandomX algorithm, XMR focuses on private and censorship-resistant transactions and is the only crypto where every user is anonymous. With a well-defined use case, early-mover advantage, and attractive technical aspects, Monero is one of the best cryptos to buy now, positioned for increased adoption.
However, with its many use cases, Monero is often misused by cybercriminals and dark web users for illegal activities. But many investors choose XMR for its well-defined security features and to maintain anonymity.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
OKB (OKB)
OKB is one of the best cryptos to buy now as it has risen against the tide and registered significant gains in the crypto winter. Even in this bearish market, OKB, the native token of the OKX exchange, has recorded substantial growth. OKB is used for paying transaction fees and allows token holders to access multiple benefits and discounts on the OKX platform.
The crypto is also known for its deflationary nature. Developers have employed a quarterly Buy-Back-Burn mechanism to ensure that the token supply is consistently reducing. This would eventually boost the token value and demand in the market, making OKB the best crypto to buy now while it’s trading at $22.03.
The exchange has garnered eyeballs since the company rebranded to OKX in January 2022. Along with that, the platform has also fueled its sponsorship and expansion drives. For instance, in November, the exchange registered itself as a digital asset business in the Bahamas and is also planning to open an office in Nassau. This growth and massive expansion have positively impacted the price of OKB, making it the best buy now.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Neo (NEO)
NEO is a blockchain-based digital currency that has consistently evolved, upgrading the protocol to ensure enhanced usability, security, functionality, and decentralization. It allows developers to formulate and work on smart contracts and automatically implements assignments under particular operations.
Neo is often known as the Chinese Ethereum, as it is reputedly China’s first open-source blockchain. It strongly focuses on creating a smart economy and receives massive support from the Chinese government. Despite the crypto ban in China, the crypto is performing extremely well and is touted as a bet on China’s future crypto landscape.
By attracting developers to create decentralized applications on the blockchain platform, NEO aims to make its own digital identity within the blockchain sphere. The crypto launched its long-awaited upgrade, NEO 3.0, in 2021, attracting many developers to the system. The latest network offers advanced interoperability, decentralized storage, multi-language support, self-sovereign identity, best-in-class tooling, and a dual-token model.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Decred (DCR)
If you are an ardent fan of Bitcoin’s fundamentality and ethos but are looking for a crypto with more user involvement and sustainable nature, Decred is your best choice. Built on Bitcoin’s code, Decred has a unique governance process. The crypto has its own decentralized treasury that rewards stakeholders and supports its goal of financial sovereignty.
However, an interesting feature of Decred is its unique hybrid consensus model. Purley Proof-of-Work or purely Proof-of-Stake systems have their own weaknesses. But instead of focusing on the drawbacks, the developers of Decred inherited the advantages of combining these two designs. The result was an enhanced system resistant to attacks that both PoS and PoW could suffer from. The hybrid model provided users with all the benefits of PoW while significantly reducing environmental impact.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Compound (COMP)
Compound is a unique crypto project aiming to solve issues that plague the crypto industry, like high transaction fees, lack of transparency, restricted liquidity, etc. This DeFi protocol allows users to deposit and borrow cryptocurrencies while earning interest in the process of doing so. The crypto’s unique feature of collateral loans enables users to obtain crypto assets with the help of real-world assets as collateral.
The COMP token has garnered much attention from investors worldwide. The token also allows holders to propose and vote on any changes to the proposal without involvement from the Compound team. With the increasing popularity of DeFi, COMP is expected to rise higher, making it the best crypto to buy now.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
The blockchain sphere is a competitive market where investors constantly look for innovative projects that have growth and provide profitable gains. Diversify your portfolio by buying these 5 best cryptos and secure a wealthy future in the long run.
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