The 6 Best Crypto Buying Opportunities In The Market Right Now

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Last Updated October 25th 2022
5 Min Read

The 6 Best Crypto Buying Opportunities In The Market Right Now - Our Picks

These are our top picks of the best crypto buying opportunities in the market. A detailed overview of each coin is available in the next session.

Ethereum - Thanks to the Merge, it is one of the most advanced cryptos to buy now

Solana - One of the fastest blockchain networks in the market

The Sandbox - A crypto with substantial long-term potential 

Polkadot - The blockchain that connects all the blockchains

Cardano - The green crypto worth buying now 

Polygon - Multiple collaborations have made this crypto a must-buy

 

A Closer Look At The 6 Best Crypto Buying Opportunities In The Market Right Now 

The cryptocurrency market has seen considerable evolution over the years. Investing in the space is by no means an easy feat, with markets seeing considerable fluctuations. The current year has seen the markets drop considerably as excess liquidity has made its way out of the system. Major cryptocurrencies trading at relatively lower prices represent an excellent opportunity for new investors to enter the market. However, zeroing in on the right cryptocurrencies could be a difficult task. We are here to make it easy for you.

Let’s look at our picks for the best six crypto buying opportunities in the market right now.

 

Ethereum (ETH)

Ethereum is the world’s second most popular and second-largest cryptocurrency platform after Bitcoin. The protocol also has the most real-world utility, supporting a host of decentralized applications, NFTs, and DeFi (decentralized finance) projects. With a growing list of use cases, developers and users alike are being drawn to the platform. The main idea behind Ethereum is to create a global, decentralized computing platform capable of applying the security and open nature of blockchains to different applications. The platform has limitless potential and already features games, financial tools, and complex databases running on its blockchain.

Last month, Ethereum underwent what was potentially one of the most important events in the crypto space. Christened “The Merge,” it sees Ethereum switch from Proof-of-Work To Proof-of-Stake, helping the platform achieve higher scalability, greater security, and lower energy consumption. With the Merge now complete, now seems to be the best time to invest in Ethereum (ETH).

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Solana (SOL)

Dubbed the Ethereum killer, Solana (SOL) is one of the biggest cryptocurrencies in the crypto space regarding valuation. it has distinguished itself from other blockchains by offering incredibly high speed and scalability. It uses a unique mechanism called Proof-of-History, which theoretically allows the platform to process 50,000 transactions per second. SOL saw its value surge last year as it reached its all-time high. However, the current year has seen its price drop along with the rest of the market. Despite the drop, SOL retains its potential for staggering growth.

The platform continues to grow in the DeFi and NFT sectors, with several new projects choosing Solana over Ethereum. Solana Labs is also continuing to invest in new initiatives and partnerships, which are set to further the growth of the platform. With growing adoption, Solana could be one of the best market investments right now.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Sandbox (SAND)

The Sandbox is a metaverse project based on the Ethereum blockchain. The project uses the SAND token to facilitate transactions in the virtual world. Investors can also purchase the token as an investment. The Sandbox combines the capabilities of Decentralized Autonomous Organizations (DAOs) and NFTs, creating a thriving virtual community, and has seen considerable growth over the past couple of years, with celebrities such as Snoop Dogg purchasing Land on the platform.

The Sandbox is still growing in popularity, and with several metaverse events lined up, which could act as a catalyst for further growth, SAND is an excellent investment at the moment.

buy sandbox

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Polkadot (DOT)

Polkadot is a multi-chain, open-source protocol designed to facilitate the seamless cross-chain transfer of assets of data, helping blockchains achieve interoperability. The protocol helps to address the siloing of blockchains, helping create an ecosystem of interoperable blockchains. Polkadot is able to improve scalability thanks to its ability to process several transactions simultaneously thanks to parachains.

While it is a relatively new blockchain, it allows developers to create, test, and deploy decentralized applications through a single platform. The protocol’s native DOT token plays a crucial role in its ecosystem, such as staking for security, facilitating network governance, and bonding tokens to connect different chains.

buy polkadot

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Cardano (ADA)

Cardano is one of the largest and most popular projects in the crypto space. Founded by Charles Hoskinson, Cardano describes itself as a third-generation blockchain that improves upon the shortcomings of first and second-generation blockchains such as Bitcoin and Ethereum. Developers have shown a keen interest in the platform, especially after implementing the Vasil hard fork that brought several improvements to the protocol, such as faster block times and transaction speeds.

Currently, it is seeing substantial growth, and as of August 2022, it was processing around 75,000 transactions per second. Additionally, the upcoming Hydra update will significantly improve throughput, allowing the platform to potentially handle 1,000,000 transactions per second. With so much activity centered around the protocol, Cardano is one of the best investments in the crypto space right now.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Polygon (MATIC)

Polygon is a layer-2 blockchain solution helping to improve scalability and has become one of the most popular projects in the crypto space. Polygon allows users to create optimistic rollup chains, zk rollup chains, or any other type of infrastructure required by developers. Additionally, the team’s expertise plays a significant role in the platform’s growth.

The platform’s native token, MATIC, plays a crucial role in the ecosystem, securing the platform and also enabling governance. The Polygon team recently introduced a hard fork, introducing a burn mechanism and making the MATIC token deflationary. As a result, we could see the value of the token increase exponentially in the near future. This makes Polygon an ideal investment in the crypto markets.

buy polygon

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Bottomline

While the crypto markets may be in a bit of a lull, it is important to remember that a price drop is an ideal time for new investors to enter the market before the prices recover. For investors keen to enter the markets, the assets listed above represent the six best crypto buying opportunities in the market right now.

Read More:

Where To Buy Ethereum (ETH)

Where To Buy Solana (SOL)

Where To Buy Cardano (ADA)

How To Buy Polygon (MATIC)

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