5 Coins To Buy Today: Dogecoin, Cardano, Litecoin, And More - Our Picks
Here, we have listed the top 5 coins to buy today. Continue reading to explore more about each coin.
Dogecoin - The king of meme coins is certainly a buy now.
Litecoin - A must-buy crypto with increasing adoption.
Avalanche - One of the best coins to buy now for long-term returns.
Cosmos - One of the hottest crypto to invest in now.
Cardano - A crypto with strong technical advantages and active development.
A Closer Look At The Top Coins To Buy Today: Dogecoin, Cardano, Litecoin, And More
Numerous cryptocurrencies have the potential to generate massive returns in the long run. Since blockchain is becoming more popular, many people are considering investing in cryptocurrencies. But often investors do not know the right time to buy or what token seems to be a good buy. To help you out, here is the list of the top coins to buy today that have multiple use cases and upside potential.
Dogecoin (DOGE)
Dogecoin’s agenda and value can be better summarized by the acronym of DOGE: Do Only Good Everyday. 2021 was the year of memecoin, with the token hitting massive all-time highs and popularity. Although the Dogecoin frenzy has considerably cooled, it still has a group of ardent supporters. The main catalyst of Dogecoin has always been Elon Musk, who showed his support for DOGE across social media platforms. Musk has also been pushing other companies, like McDonald’s, to accept Dogecoin payments. Therefore if the broader market turns bullish, with increased adoption, the price of DOGE would skyrocket, making it the best coin to buy today.
Currently, Dogecoin is accepted by over 1000 companies across industries that include crypto, business, gambling, internet, and hospitality sectors. Some of the popular among this list of companies that accept DOGE are Coin payments, the global leader for cryptocurrency payment processing, Park and Finch, the clothing and fashion giant, Playhub Casino, the online gaming platform and investment services like the Quantum Investment Limited.
DOGE is the best coin to buy today as Elon Musk's acquisition of Twitter has put a fresh wind in the sails of the coin, as its price doubled after he completed the $44 billion deal.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Litecoin (LTC)
Litecoin is a peer-to-peer decentralized cryptocurrency aiming to be the future of global payments. LTC has numerous features similar to Bitcoin and is one of the oldest cryptos that is still positioned in the upper echelon of the blockchain sphere. Since Litecoin processes transactions faster than Bitcoin, it became a common medium for daily transactions. Some of the significant crypto-native payment processors that accept LTC payments are Coinbase, BitPay, NOWPayments, CoinGate, Aliant, and CoinPayments. Along with that, e-commerce platforms like Shopify and WooCommerce also provide online stores the option to accept LTC payments.
Litecoin's wider acceptance as a viable mode of payment, especially for small, peer-to-peer transactions, along with upcoming integrations and partnerships, bode well for the coin, making LTC one of the best coins to buy today.
However, LTC’s price actions in 2022 have certainly mirrored the weakness of the broader cryptocurrency market. But the network was successful in completing its most significant upgrade ever earlier this year. The MWEB or Mimblewimble Extension Blocks upgrade was the biggest upgrade to date on Litecoin. This privacy upgrade was finally implemented in May 2022, improving Litecoin's prospects as the go-to payment system for confidential transactions.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Avalanche (AVAX)
A key feature that makes AVAX apart from other smart contract platforms is its speed to finality. Thanks to its lightning-fast speeds and near-zero transactions, it has always been a go-to option for developers.
Additionally, in 2022 Avalanche is seeing a new surge in transaction volume, marking an all-time high of nearly 1.5 million in August. Transaction volume is an important metric as it determines the amount of activity that happens on the blockchain.
The growth of GameFi is yet another reason to buy AVAX today. It is a form of online gaming where users can earn crypto rewards for playing games. Today, several new high-profile games like DeFi kingdom are choosing Avalanche for its fast transactions and low fees. With more adoption in the future, the price of AVAX will reach new highs, making it a good buy today.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cosmos (ATOM)
Cosmos is an innovative blockchain project that dubs itself as the blockchain 3.0. The goal of the Cosmos network is to link multiple blockchains together to make transactions quicker, cheaper, more efficient, and more practical.
The crypto has seen some well-established projects immigrating to its architecture. The crypto also has support from crypto research firms like Delphi Digital, choosing Cosmos to be its primary blockchain. The network is slowly emerging as a major competitor to other smart contract platforms by providing developers the power to create highly customizable, independent blockchains, making ATOM the best buy today.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano (ADA)
Cardano is an Ouroboros Proof-of-Stake crypto developed using a research-based methodology by engineers, mathematicians, and cryptography professionals. ADA has always been an ideal choice for environmentally conscious investors, thanks to its highly sustainable network.
One key reason ADA is a buy today is the network’s consistent updates. The crypto has already implemented its much-awaited Vasil Hard fork, enhancing the network’s capabilities. The developers are working on another update called Hydra, which would boost the blockchain's transaction capacity from 250 per second to 1,000,000.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Crypto investments are highly risky, but at the same time, lucrative. However, the crypto industry is still developing, and new coins are being introduced daily. If you are looking at the top 5 coins to buy today, then these 5 are your best choices.
Read More:
The 5 Best Ways To Buy Avalanche (AVAX)
The 5 Best Ways to Buy Cosmos (ATOM)
Top 10 Most Promising Cryptocurrencies
Next Cryptocurrency To Explode
12 Best Cryptocurrency To Buy Right Now
Most Sustainable Cryptocurrency To Invest In
Best Beginner Crypto To Invest In