With the ETH Merge around the corner, here are the top cryptos to add to your watchlist.
Cryptocurrencies created a revolution in the investor’s platform globally and have become a lucrative investment sector. However, volatility makes investing in cryptocurrency highly risky. 2022 was accompanied by severe concerns about incoming recession and tight regulations, but it also has something exciting around the corner. The entire crypto market is awaiting the upcoming ETH Merge, which could be, in several ways, a boon for cryptos.
Moreover, being such a massive event in the history of cryptocurrencies, the Merge would also lift several other tokens. Let’s see which are the 7 cryptos to watch as the blockchain gets an upgrade.
Bitcoin (BTC)
Bitcoin has been in the market for the longest of any cryptocurrency and has gone through massive ups and downs.
With a price and market cap much higher, it’s clear why Bitcoin is still the leader in the crypto sphere. It is one of the cryptos to watch as the blockchain gets upgraded for several good and bad reasons.
Ethereum might outrun Bitcoin with its transition to Proof-of-Stake, as Bitcoin’s Proof-of-Work consensus is highly energy intensive. Independent researchers like Kyle McDonald predict that the Bitcoin network might regulate away, causing the prices to collapse. One reason is that the Bitcoin community essentially lacks the coordination to begin a transition to PoS.
However, with numerous businesses accepting Bitcoin as payment, the price and value of BTC might stabilize. Nevertheless, to say, BTC has had its share of volatility, and crypto enthusiasts still say that it could be a smart investment option.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum (ETH)
The Megre would certainly push ETH to its new all-time highs soon.
Ethereum will soon undergo its major software upgrade, ETH 2.0. The network upgrade promises to slash the amount of energy needed to create new coins and carry out transactions.
Experts believe that Megre would yield a significant price hike for ETH, sending it to a mark of over its ATH of $4,891.70 in the coming months.
According to supporters of Ethereum, the Merge is a monumental moment for the crypto sector. It will make the network more favourable compared to its arch-rival, Bitcoin. Thanks to enhanced scalability and efficiency, developers can seamlessly build programs on the network, potentially boosting adoption and making ETH no-brainer crypto to buy now.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Tether (USDT)
USD is definitely a crypto to watch closely in 2022.
Originally known as RealCoin, Tether was created in parallel with fiat in terms of digital currency. Tether employs a unique consensus known as the Proof-of-Reserves (PoR), providing trust and reliability for its users.
Despite the upcoming blockchain upgrade, Tether is one of the top cryptos to watch, since it's backed by real-world assets. Tether seems to be a good buy to ensure that your investment will certainly retain its value over the period.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano (ADA)
Known for its highly sustainable and scalable network, Cardano has always been on the investor’s watchlist.
ADA, the third-generation cryptocurrency, aims to address some of the crucial problems faced by its predecessors. The developers designed Cardano to solve real-world problems, leveraging blockchain technology and taking a research-intensive approach to development.
Moreover, with the upcoming Hydra update, the layer-2 scaling solution for Cardano, the network would help push the network for commercial use. It will also introduce 1000 Hydra nodes facilitating 1000 transactions per second. However, ADA is one of the top cryptos to watch as the blockchain gets an upgrade as it is one of the biggest rivals to Ethereum, an early adopter of Proof-of-Stake technology. Experts predict that Cardano might be one of the most unpredictable cryptos.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Solana (SOL)
An enhanced Ethereum network would be a mighty competition for Solana.
Solana is a highly functional open-source project implementing a new layer-1, permissionless, high-speed blockchain. With the Ethereum Merge scheduled to launch shortly, several investors have been closely watching Solana.
SOL is faster and cheaper than Ethereum, making it one of the best cryptos to add to your watchlist. It continues to build a vibrant ecosystem along with an established NFT marketplace. Solana also empowers numerous next-generation applications, like decentralized finance (DeFi), Web 3.0, and more.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Chainlink (LINK)
Chainlink has always been one of the top cryptos to watch, as it was one of the very first projects to offer oracles.
Chainlink allows users to incorporate non-blockchain-related metrics instead of forcing smart contracts to apply data within blockchain silos. By providing reliable data protection against unauthorized access to complex smart contracts on any blockchain, Chaninlink has gained the attention of investors and developers worldwide.
Experts say that LINK appears to be fundamentally complementary to the Ethereum Merge. Therefore, as new applications for blockchain technology continue to emerge, the opportunities for leveraging Chainlink’s suite of products will only expand further.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Shiba Inu (SHIB)
Shiba Inu, the meme coin, could be a hedge against the Merge ambiguities.
Unlike other cryptos in the list, Shiba Inu is a meme coin that is largely a community for meme trading. There are several reasons why SHIB is on the list of the top 7 cryptos to watch, and its recent entry into the Metaverse is one of them. The hype is still strong for Shiba Inu, and the crypto has a strong community backing, making it a good investment option. The team behind SHIB has also been churning out numerous use cases to keep the project relevant.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Ethereum is the core platform that hosts numerous applications like DeFi, NFTs, and other applications. Therefore, any change on this platform would certainly affect the overall crypto ecosystem. Among them, these 7 cryptos are worth watching as the blockchain gets an upgrade to diversify your portfolio.
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