The much-awaited Merge is complete, and here are the top cryptos to add to your watchlist.
The massive overhaul of Ethereum finally launched with the Merge, leading the digital machinery of the second-largest crypto to a more energy-efficient system. Although several altcoins fell drastically after the Merge, the silver lining is it is one of the most affordable times to buy your favorite crypto.
This leaves investors with several cryptos to watch closely. Here’s the curated list of 7 cryptos to watch as the Merge came and went.
Bitcoin (BTC)
As mainstream companies across verticals took interest in BTC, the price of the coin would rise significantly higher.
Bitcoin has always remained the most volatile but is still the go-to investment option for investors. The crypto has established itself as the core asset, which would not change even after the Merge, as experts say. Analysts say Bitcoin is digital gold and are pretty skeptical of the flippening.
As global corporations jumpstart the adoption even more in the latter half of this year, Bitcoin will hit new levels. Further, the increased adoption could bring more use cases for everyday users, making this the right time to buy BTC before it hits new records.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum (ETH)
The biggest impact of the Merge would naturally be on Ethereum itself.
Generating massive buzz for the Merge event, Ethereum allured investors before the real transition. The network houses over a $60 billion ecosystem of crypto exchanges, non-fungible token (NFT) marketplaces, lending companies, and other apps.
Ethereum’s new and updated system introduces a new set of incentives for people, securing the ledger from unwanted tampering and reducing energy use by 99.988% and carbon-dioxide emissions by 99.992%. Although ETH prices plunged a few weeks after the Merge, experts believe that with increased adoption by institutions and large investors, ETH would hit a new high, making it the best crypto to watch now.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Tether (USDT)
Tether is the biggest stablecoin in the market and one of the top cryptos to watch as the Merge came and went.
Tether is the heart and soul of the crypto sphere as it binds the stability of cryptos. A stablecoin or digital asset like Tether is pegged to a hard currency like the US dollar. The crypto also acts as the facilitator of lightning-fast transactions. Using a Proof-of-Reserve system, Tether ensures that all the USDT in circulation is backed by actual US dollars held in reserve, offering a high level of transparency and accountability.
The team behind Tether has been highly optimistic about Ethereum’s transition from Proof-of-Work (PoW) algorithm to Proof-of-Stake (PoW) and touted it as the most significant moment in blockchain history. The enhanced Ethereum network would help Tether in DeFi projects and platforms, making it one of the top cryptos to watch as the Megre came and went.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum Classic (ETC)
The price of ETC has started surging right after Ethereum’s highly-anticipated Merge upgrade began, making it the best crypto to watch now.
Ethereum Classic is a hard fork of the Ethereum network, which saw a rise in its hash rate to a record high shortly after The Merge was materialized.
Although the price of ETC fell in the following weeks, experts believe it is the best crypto to watch now, as Ethereum Classic has the potential to grow tremendously in the coming years.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
XRP (XRP)
If Ripple receives legal clarity for the XRP coin in the ongoing lawsuit, it could hit new all-time highs.
Legal dramas can evolve in myriad ways, and Ripple has been embroiled in the SEC-Ripple lawsuit for almost a year now. But despite any price slumps and bear markets, institutional adoption and VC funding have continued unaltered. Several banks and financial institutions have already adopted XRP, and with increased interest from institutions, the adoption rate would rapidly grow higher. Therefore, XRP remains the best crypto to watch even after the Megre came and went.
However, the final verdict in the SEC lawsuit would change things for XRP. Moreover, it would be represented as a victory for all cryptos to be treated as non-securities and would not be subjected to tight regulation by the SEC.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Filecoin (FIL)
With advancements in technology, the cloud storage market will expand massively in the future, bolstering Filecoin’s growth.
The purported goal of Filecoin is to democratize the process of file sharing and reduce the dependency of cloud storage on centralized systems. Users who want to lend extra storage space can do so and, in exchange, receive cryptos. Filecoin’s storage pool allows anyone to rent out and buy their hard drive storage space.
The underlying innovation and strong fundamentals of Filecoin make it an attractive project for investors. FIL's utility and use case makes it a crypto to closely watch in the coming years.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Zcash (ZEC)
The privacy coin, Zcash, is one of the best cryptos to add to your watchlist.
Zcash is designed to offer exceptional privacy for cryptocurrency users. It offers users the benefits of entirely private crypto usage based on encryption technology – zk-SNARKs. Along with privacy and anonymity, ZEC facilitates rapid-fire transaction speed.
Thanks to its privacy-rich options, ZCash is certainly a crypto to watch even after the Merge came and went. The Bank of America has announced that it has recently added ZEC to its Bitcoin ATM locations. The project also has strong coalitions with the Israeli government, bolstering its popularity worldwide.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
As the blockchain industry evolves, the range of services and utilities offered by blockchain projects is also expanding. Since Ethereum Merge has materialized, these are 7 cryptos to watch closely now.
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