Boost your crypto investment with these top cryptocurrencies.
The crypto market is volatile, leaving even professionals questioning which cryptocurrency to invest in. So, beginners are at significant risk of making the wrong investment. To help you make a better-informed investment decision, we have compiled a list of the top 5 best cryptocurrencies to invest in in July 2022. Go on and take a look!
Ethereum (ETH)
Since its release in 2015, the popularity of Ethereum has kept increasing (for good reasons), making it one of the best bets for crypto investment in July.
So, how far does its reach expand? Well, most cryptocurrency projects are built on the Ethereum blockchain, and this appears to be a popular cause when we deal with metaverse projects or meme coins. This makes it a strong contender for top crypto investments.
Despite the risk involved, given the instability of the crypto market, ETH proves to be a fruitful investment if one is ready to make the deal. So far, it has excellent potential to outpace other crypto investments.
Ethereum has also witnessed an impressive hike in its price since its early days. In 6 years, this digital currency has maintained a price increase of over 30,000%.
Analytical estimation indicates ETH has sufficient room for growth. Therefore, this crypto asset is currently undervalued, making it one of the top 5 best cryptocurrencies to invest in July.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Binance Coin (BNB)
Binance is another worthy cryptocurrency to add to the July 2022 watchlist. BNB (Binance) has emerged as the largest cryptocurrency exchange globally, with an increased number of users and trading volumes.
Moreover, the Binance crypto exchange has a native crypto asset called BNB, which allows users to exchange and benefit from less paid commissions.
The Binance coin can be utilized for several financial arrangements, including booking travel placements and payment processing. The coin can also be exchanged for cryptocurrency assets like Bitcoin or Ethereum.
BNB also makes up the digital token utilized to back up the BNB Smart Chain, which is home to several undervalued crypto tokens.
That said, the instability of the crypto market has taken its toll in recent months, significantly dropping the price of Binance. However, the coin still carries the potential to be a great investment option for cryptocurrency.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Bitcoin (BTC)
Bitcoin remains a strong veteran within the crypto world. Thus, it has naturally earned a spot in the top 5 best cryptocurrencies to invest in July. But, it is normal to wonder you have wondered whether Bitcoin is affordable or not, given its expensive price tag.
If you're a beginner in accumulating crypto assets, Bitcoin will be the top crypto to invest in today. This is due to it being relatively less volatile as it is the largest digital asset by market capitalization.
Yes, the valuation and pricing of Bitcoin have not moved much during the consolation period of the last few months. However, predictions indicate an excellent reach for BTC by the end of the year.
Another thing about investing in Bitcoin is that its digital currency can be effectively fractioned, and one can purchase only a tiny fraction of a particular Bitcoin unit. This can be a great asset if one starts fresh in the crypto market.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Solana (SOL)
Solana is one of the top-rated crypto tokens, with a rapid rise in use over the past year. It is a highly functional open-source crypto project that uses the permissionless nature of blockchain technology to offer DeFi (Decentralized Finance) solutions.
Although it began its formation about five years back, the Solana project took shape only about two years back. SOL is the native cryptocurrency of Solana, and it oversees every transaction within the network.
In terms of price, Solana has so far made impressive highs, thus, garnering the attention of many global investors. In fact, initial Solana investors have made as high as 410000% return over the years.
According to several price predictions, SOL is estimated to carry another price hike, making it a good pick for July crypto investment in 2022.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Uniswap (UNI)
Last up on our top 5 best cryptocurrencies to buy in July 2022 is Uniswap. This crypto platform sets itself as a very popular decentralized exchange, facilitating the purchase and selling of digital currencies from the user's end without requiring a centralized third party.
As a result of such increasing popularity, it has pushed Uniswap to surpass a max market capitalization of over $5 billion just a few months back. Since then, Uniswap has further expanded its business model by developing an online marketplace.
This was created in conjunction with the metaverse and NFTs, which comprise an essential component in the current crypto market. This inclusion will not only enhance the crypto trading experience, but buyers and sellers will swiftly transact online processes in an easy, decentralized manner.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Bottom Line
No investment opportunity is without risk, especially with the crypto market due to its volatile nature. So, it's essential to be methodical and patient regarding crypto investments.
We hope our suggestion of the top 5 best cryptocurrencies to invest in July 2022 can help ease your investment process.
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