The Best Cryptocurrencies To Buy This Week - Our Picks
Bitcoin - The OG crypto is expected to rally soon
Ethereum - Cryptocurrency and a blockchain platform, favorite of program developers
Binance coin - Fast-growing crypto to buy now
Ripple - Cheap option to buy this week
Cardano - Proof-of-stake coin to add to your portfolio
Polkadot - One of the top cryptos to buy this week
Tether - Best stablecoin to buy now
Solana - One of the top smart contract cryptos to buy
Avalanche - One of the fastest and most trustworthy coins to buy now
A Closer Look At The Best Cryptocurrencies To Buy This Week
From Bitcoin and Ethereum to Dogecoin and Tether, there are thousands of different cryptocurrencies, which can make it overwhelming when you’re first getting started in the world of crypto. To help you get your bearings, this is a list of the best cryptocurrencies to buy this week.
Bitcoin
Created in 2009 by someone under the pseudonym Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. As with most cryptocurrencies, BTC runs on a blockchain or a ledger, logging transactions distributed across a network of thousands of computers. Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters.
Bitcoin’s price has skyrocketed as it’s become a household name. In May 2016, you could buy it for about $500. Since then, Bitcoin has witnessed many ups and downs but has shown tremendous resistance. The OG crypto is expected to rally soon, making now a good time to invest.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum
Both a cryptocurrency and a blockchain platform, Ethereum is a favorite of program developers because of its potential applications, like so-called smart contracts that automatically execute when conditions are met and non-fungible tokens (NFTs).
Ethereum has also experienced tremendous growth. From April 2016 to the beginning of March 2022, its price went from about $11 to over $3,000, increasing more than 27,000%. However, due to the overall market crash, Ethereum plunged to a yearly low of $1,091 on November 9, 2022, and rebounded sharply to levels of nearly $1,400 in January 2023.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Binance Coin
The Binance Coin is a form of cryptocurrency that you can use to trade and pay fees on Binance, one of the largest crypto exchanges in the world.
Since its launch in 2017, Binance Coin has expanded past merely facilitating trades on Binance’s exchange platform. Now, it can be used for trading, payment processing, or even booking travel arrangements. It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin.
BNB is a fast-growing crypto worth including in your portfolio, according to experts.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ripple
Created by some of the same founders as Ripple, a digital technology and payment processing company, XRP can be used on that network to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies.
At the beginning of 2017, the price of XRP was $0.006. As of January 10, 2023, its price reached $0.37, equal to a rise of more than 6,000%.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano
Somewhat later to the crypto scene, Cardano is notable for its early embrace of proof-of-stake validation. This method expedites transaction time and decreases energy usage and environmental impact by removing the competitive, problem-solving aspect of transaction verification in platforms like Bitcoin. Cardano also works like Ethereum to enable smart contracts and decentralized applications, which are powered by ADA, its native coin.
Cardano’s ADA token has had relatively modest growth compared to other major crypto coins. In 2017, ADA’s price was $0.02. Earlier in January, ADA's price was $0.32. This is an increase of nearly 1500%.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polkadot
Polkadot (DOT), founded in the year 2016, is a unique blockchain interoperability protocol designed to connect different chains together. It also allows exchanging data and processing transactions for parachains or parallel blockchains without compromising their security.
Developers can create their own blockchains while using Polkadot security. The core founder of Ethereum, Gavin Wood, created Polkadot. The exciting feature of DOT is that it has no hard limit on its total supply. Rather, a new token is constantly in circulation. DOT is full of potential and one of the top cryptos to buy this week.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Tether
Unlike some other forms of cryptocurrency, Tether is a stablecoin. This means that it is backed by fiat currencies like U.S. dollars and the Euro and hypothetically keeps a value equal to one of those denominations.
In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies, and it is favored by investors who are wary of the extreme volatility of other coins.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Solana
Developed to help power decentralized finance (DeFi) uses, decentralized apps (dApps), and smart contracts, Solana runs on a unique hybrid proof-of-stake and proof-of-history mechanisms that help it process transactions quickly and securely. SOL, Solana’s native token, powers the platform.
When it launched in 2020, SOL’s price started at $0.77. By March 1, 2022, SOL's price was around $101, a gain of nearly 13,000%.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Avalanche
AVAX is a native token of Avalanche blockchain, which supports smart contract functionality. It works on the Proof of Stake (PoS) mechanism and is known as one of the fastest and most trustworthy smart contract platforms in the DeFi space. Like Ethereum, it supports smart contracts to run decentralized applications on its network and uses Solidity language, the same which Ethereum uses.
Avalanche has a limited supply of 720 million AVAX tokens. Half of these were created and distributed at the time of its launch in 2020. The remaining tokens are yet to be generated via the minting process in the form of staking rewards. Moreover, unlike Bitcoin and Ethereum, Avalanche’s fees are not paid to validators; rather, all fees are burned, which increases the scarcity of AVAX.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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