Jump on the crypto bandwagon and invest in the best smart contract cryptos now.
Smart contracts are tiny pieces of self-executing code that live on the blockchain, making it possible to develop applications. There are various smart contract cryptos, all competing to attract developer interest and projects. It is not yet clear which cryptocurrency will come ahead in this battle of the blockchains, as many contenders exist. So we have compiled a list of the 5 top smart contract cryptos to buy now in June 2022.
Ethereum (ETH)
Ethereum was the first cryptocurrency to launch smart contract functionality. As a result, it powers the lion's share of applications. For example, more than 70% of DeFi applications run on the Ethereum network.
Unfortunately, Ethereum has been a victim of its own success. The network is heavily congested and has a large carbon footprint. Developers have been complaining of high gas (transaction) fees. It also does not work well with other blockchains.
To solve these scalability problems, the team has outlined a network upgrade called Ethereum 2.0, marking a significant shift in the network consensus algorithm. Instead of running an energy-intensive proof-of-work (PoW) algorithm, the Eth2 upgrade will switch the network to an energy-efficient, proof-of-stake (PoS) algorithm.
A PoS algorithm brings many benefits over a PoW one, adjusting various aspects of a network like scalability, security, and accessibility, making ETH one of the top smart contract cryptos to buy in June 2022.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Solana (SOL)
The Solana blockchain, which also supports smart contracts, is increasingly attracting developers and building a strong community, as it promises high scalability, security, and stability. Transactions are affordable and take only a few seconds to complete on the blockchain. It is an effective, fast, secure, censorship-resistant blockchain that provides the open infrastructure required for global adoption.
Solana aims to solve the scalability issues that the Ethereum network is currently facing. Like Ethereum, Solana uses smart contracts to host decentralized applications (dApps). Its unique parameters allow for significantly cheaper transaction costs while simultaneously increasing the speed of the network.
Since Solana has far lower transaction costs, it is ideal for less expensive NFTs. And, thanks to the speedy transactions on Solana, the blockchain may be setting itself up perfectly for video game NFTs. These factors make SOL one of the 5 top smart contract cryptos to buy in June 2022.
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 blockchain project with over 70% of the total currency, ADA, staked for network validation. Part of the reason that so much ADA is staked is due to the cryptocurrency's lack of decentralized applications (dApps) available on its blockchain.
Some of Cardano’s key improvements are multiple processing layers for settlements and computations, proof of stake consensus, and the ability to upgrade its network easily in the future.
The Cardano settlement layer launched in 2017 and raised around $63 million through the ADA ICO. It offers numerous use-cases of the Ethereum blockchain and its smart contracts. The design has been energy efficient and supports fast transactions at nominal transaction fees since inception.
Looking to the remainder of 2022, Cardano developers are looking to improve smart contract performance and scalability through new release deployments, making ADA one of the 5 top smart contract cryptos to buy in June 2022.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Tron (TRX)
Tron (TRX) entered the market in 2018, intending to decentralize the web. The network was designed to restructure the media industry by removing intermediaries from the process of consuming media, allowing artists and content creators to sell their content directly to viewers on a secure peer-to-peer platform.
Its blockchain-based operating system has emerged as a challenger to media giants like Amazon, Netflix, Facebook, and YouTube. Tron started as an ER20 token but later moved to its own blockchain. This means it is no longer affected by issues of the Ethereum blockchain. Besides, this gave it the space to grow independently by allowing developers to build smart contracts on Tron.
The move has made the Tron blockchain more efficient and boosted the demand for TRX, making it one of the top 5 smart contract cryptos to buy now - June 2022.
Tron happens to be in the category of cryptocurrencies that have the potential to make it big in the long run. Aside from its price, it also has a host of underlying fundamentals to back it up. As a result, it is one of the cryptocurrencies that makes sense to accumulate, with long-term value growth in mind.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Fantom (FTM)
Fantom is the world’s first Directed Acyclic Graph (DAG) based smart contract platform. This fourth-generation blockchain provides developers and users with some significant upgrades in terms of functionality and usability compared to the market’s leading blockchain, Ethereum.
The developers have focused on creating a reliable, secure, and fast network for transactions. The project's goal is to become the “nervous system for smart cities.”
The network offers a variety of popular services, such as staking and peer-to-peer lending. It was built to tackle many of the problems Ethereum users and developers face. The network's primary focus is to create a secure and scalable decentralized network. As a result, the platform can provide near-infinite scalability and instant transactions at nearly zero cost.
Fantom does away with the power-hungry Proof-of-Work (PoW) consensus mechanism used by early cryptocurrencies such as Bitcoin. These aspects make FTM one of the top smart contract cryptos to buy in June 2022.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
In Conclusion
June 2022 is still the prime time to buy crypto as many tokens are still recovering from the market downturn. Look into the 5 top smart contract cryptos that we have listed above for informed and profitable investments.
Read More:
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Top 10 DeFi Cryptocurrencies That Are Set To Explode
Top 10 Best Long-Term Cryptocurrencies To Buy And Hold