Best Cryptocurrencies To Buy Today - Our Top Picks
Synthetix - The crypto platform that offers a wide selection of assets.
Quant - A high-performing crypto that allows blockchains to interact.
PancakeSwap - One of the most popular DEX applications at the moment.
Aave - A recent top-grossing DeFi project within the crypto scene.
Dogecoin - The parody crypto that exceeded expectations.
A Better Look At The Best Cryptocurrencies To Buy Today
Synthetix is a well-known DEX platform for various synthetic assets. The network was initially launched in 2017 as Havven but was eventually rebranded as Synthetix. Today, the platform's projects offer users direct on-chain exposure to various non-crypto and crypto assets.
Although people have been trading the native crypto SNX since 2019, the crypto mainly remained unknown to many investors until last year. This was when the platform achieved its ATH (all-time high), and the crypto has been on a roll ever since. Now, similar to CFDs, the platform has Synths that offer various selections of assets, including non-crypto ones such as commodities and gold. Synthetix also allows users to track the prices in the real world via oracles.
The idea behind this is to appeal to traders interested in trading crypto without holding any underlying asset. This allows the platform to have an edge over other decentralized platforms. So far, SNX is consolidating at a level of $2.2 with minimal volatile price variation at times. But, it still ranks as one of the best cryptos to buy today due to its recent uproar within the crypto community.
Launched in 2018, Quant is an over-ledger network and an OS-ledger distributing technology for linking various blockchain networks. It’s a project aimed at filling gaps existing between different blockchains by utilizing Overledger.
Since its launch almost four decades ago, Quant has become one of the top cryptos to have achieved a new yearly high in 2022. The surge seems to be directly connected to people's interest in the platform's Overledger tech, as it is one of the first OS designed to facilitate communication between blockchains.
Quant's tech is reportedly being considered a valuable source for central banks to facilitate CBDC development, which is a hot topic at the moment. Therefore, Quant's current over-ledger technology is quite groundbreaking in several ways. And with governments considering it as a valuable opportunity to enter the crypto scene, it has also started to gain momentum among crypto investors.
Quant's native token, QNT, is already seeing a decent pump, creating an excellent opportunity for potential investors to stock up on the crypto. QNT is currently trading at over a hundred million with around a two-billion market cap, making it one of the best cryptos to buy today.
CAKE is the native coin of PancakeSwap, a DEX (decentralized exchange) that has seen its share of highs and lows this year. But, it has recently attracted users in a short duration due to the platform's ability to facilitate instant swap tokens for traders without account registration and low transaction fees. With PancakeSwap, users can trade directly with their crypto wallet since the crypto is not withheld on an exchange.
Since its launch in September, it has arguably risen as one of the most widely used and popular DEX within the BNB chain. With its start as a Defi application and an Automated Market Maker for crypto exchanges, it continues to provide several developmental updates regarding its ecosystem.
In March 2021, CAKE reached its highest point ever. Although the crypto market is quite volatile, CAKE appears to be one of the largest cryptocurrency exchanges to engage in as of now, owing to the rise of project demand and decentralization.
Aave is a straightforward financial market based on Ethereum wherein consumers can lend and borrow various digital valuables, such as altcoins and stablecoins. Aave (AAVE) is also a native cryptocurrency of the Aave forum, which is a decentralized finance (DeFi) network that permits its consumers to lend assets for the exchange of payments with interest and collect a variety of cryptocurrencies without the need for a middleman.
Aave is currently one of the top-earning DeFi ventures in the industry of cryptocurrency. This Stani-Kulechov-developed procedure is now the most widely known option for DeFi participants. On the Aave platform, a lending & borrowing feature is offered, much like most of the DeFi projects.
Lenders can deposit digital assets into distinctively designed liquidity pools where they can quickly gain interest. Borrowers are able to take this liquidity to obtain a quick loan with the help of their cryptocurrency as security. Holders on the AAVE platform get a break on platform costs, and it also functions as a governing token that permits them access to developing the protocol. Experts predict a CAKE rally soon, making it one of the best cryptocurrencies to buy today.
Dogecoin was initially designed to be a satirical cryptocurrency platform. However, it has grown beyond the creator's initial vision to rank among the foremost 20 digital currencies. After Bitcoin's popularity, various cryptocurrencies bloomed, most of which were of no use in the industry. Since 2020, an unexpected Dogecoin rise led by Elon Musk has increased the amount of businesses that welcome Dogecoin payments in their networks.
While scalability has been a major challenge in crypto adoption, DOGE never had an issue with this. In fact, it is used extensively with no signs of network breakdowns or slow confirmation speeds. Thus, scaling somewhat places DOGE as one of the front runners of cryptos with the potential to create widespread adoption.
Considering the close intertwining of its adoption and long-term value growth, DOGE serves as a quick and smart crypto investment in today's market, especially for investors with a long-term perspective of the crypto market.