Looking for the most popular cryptos to buy now. Here’s the list.
Cryptocurrencies have gained global recognition as a potential form of investment in the technology-driven world. Since the first cryptocurrency, the market has grown by leaps and bounds, and today there are thousands of altcoins and meme coins available. So to help you out, here’s the list of the most popular cryptocurrencies to buy now for profitable returns.
The Cryptocurrency Market
The first half of 2022 and especially May, was a rough month for cryptocurrencies. There was a significant drop in the overall market value of all publicly traded coins. During such times it is crucial to understand that the cryptocurrency market is highly volatile. But this volatility opens a potential opportunity for investors to buy the dip. Even though there’s a bear market, one thing is for sure; cryptocurrencies know how to make a dramatic comeback.
10 Most Well-Known Cryptocurrencies
Bitcoin (BTC)
As the first cryptocurrency, Bitcoin is also the most popular crypto in the market.
We can not talk about the most popular cryptocurrencies without mentioning Bitcoin, the first and most dominant crypto. Despite its volatility, multiple prominent companies like Tesla, Block, and MicroStrategy already have Bitcoin on their balance sheets.
With massive global adoption, Bitcoin seems to be a potential investment option for investors worldwide.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum (ETH)
Ethereum has gained immense popularity over the past couple of years.
Ethereum is the go-to blockchain for DeFi, NFTs, and the issuing of other altcoins. The community is highly anticipating the upcoming “Merge” upgrade where the network will switch to a Proof-of-Work (PoW) consensus mechanism from a Proof-of-Stake (PoS) mechanism. In fact, reports have suggested that ETH would reach the $50K price point soon after the completion of The Merge, making it one of the most popular cryptocurrencies to invest in right now.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ripple (XRP)
XRP is one of the most affordable cryptocurrencies with massive growth potential.
Unlike other cryptocurrencies, XRP was created neither as an alternative means of payment nor an alternative to traditional paper money. The purported goal of XRP is to create a new method of calculation for the banking sector.
Moreover, Ripple's ability to process exchanges in a fast manner turns the system into a central hub for international settlements and interbank payments.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polkadot (DOT)
Polkadot’s interoperability is a key feature that makes DOT one of the most popular cryptocurrencies.
Polkadot is an open-source blockchain technology developed by Switzerland’s Web3 Foundation. Although other cryptos focus on interoperability, Polkadot is the only platform that makes the vision a reality since it is the first solution to achieve high interoperability.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Dogecoin (DOGE)
Dogecoin is one of the best speculative cryptocurrencies that have made headlines over the past few years.
One of the main advantages of Dogecoin is its growing community of holders and supporters. The crypto has also received support from celebrities like Elon Musk and Snoop Dogg, adding DOGE to the list of the most popular cryptos.
Currently, after a shaky start to the year, DOGE’s price is again surging amid news that Elon Musk is buying Twitter, making Dogecoin a must-buy now.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano (ADA)
Growing adoptions, utility, and major coalitions, would push the price of ADA to greater heights.
Cardano was initially created to enhance the development of various DeFi tools, tokens, and more in a sustainable and scalable way. Due to its large market gains and high energy efficiency, ADA has attracted a wide range of investors.
Moreover, with more high-end collaborations and institutional interest ADA has become one of the most popular cryptocurrencies in the market.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Tether (USDT)
Tether is one of the most popular stablecoins in the blockchain sphere.
Tether is a stablecoin, backed by fiat currencies like U.S. dollars and the Euro. It hypothetically keeps a value equal to one of those denominations. Therefore, Tether’s value is supposed to be more consistent than other cryptocurrencies. This has made USDT one of the most popular cryptocurrencies among investors who are wary of the extreme volatility of other coins.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
USD Coin (USDC)
Since its launch, USD Coin has become one of the most popular stablecoins in the blockchain sphere.
USD Coin is a cryptocurrency whose value is tied to the U.S. dollar. USDC is supported by real assets and is often referred to as a fiat-collateralized stablecoin. USD Coin facilitates value transfer globally at internet speed for a fraction of a cent and seamlessly converts back to local fiat currencies.
Moreover, USDC is widely considered to be the safer option because of its transparency and trustworthiness.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Uniswap (UNI)
Uniswap is one of the most popular DEX tokens to invest in now.
Although Uniswap encountered a downturn as the total altcoin market went into a decline lately, despite UNI’s bearish performance, it hit a major milestone in May 2022. The total trades on the DEX exceeded the $1trillion mark, pushing the popularity of UNI.
Moreover, Uniswap was consistent with its upgrades. Uniswap V2 added ERC liquidity pools, flash swaps, and chain price feeds. And Uniswap V3 introduced concentrated liquidity, lower crypto gas fees, and liquidity providers.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Binance Coin (BNB)
Binance Coin’s dominant and growing ecosystem has made BNB one of the most popular cryptos available in the market now.
Binance has several successful decentralized projects on its platform. The network influences the rapid evolution of the cryptocurrency space and has established itself as the leading contender in the crypto space.
Binance Coin is gaining massive popularity today for its zero trading fees, multiple payment methods, and escrow service protection.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Cryptocurrency investment ensures financial security in the present and the future if done carefully. So here are the most popular cryptocurrencies that allow you to increase your wealth while also generating inflation-beating returns.
Read More:
The 5 Best Ways to Buy Cardano (ADA)
The 5 Best Ways To Buy Binance Coin (BNB)
15 Most Promising Cryptocurrencies To Invest In
9 Cryptocurrencies With Better Investment Potential Than Bitcoin