Top 5 Crypto Tokens To Invest In This December - Our Picks
BTC - Top crypto in the market currently
SOL - Must have altcoin in your portfolio
MATIC - Invest in MATIC for December gains
XLM - Booming crypto to buy now
SAND - Best metaverse cryptocurrency
A Closer Look At The Top 5 Crypto Tokens To Invest In This December
Bitcoin (BTC)
At its core, Bitcoin is a P2P crypto that delights itself as the most decentralized crypto in the current crypto market. And the platform is further gaining momentum as Bitcoin gold, thanks to the platform’s immutable nature and its fixed supply nature.
To term it otherwise, governments do not have any say in Bitcoin’s usage or operation. This protects the crypto from fraud and manipulation as it doesn’t rely on any organization or individual for its value. Plus, with only a supply of 21 million Bitcoins in circulation compared to easily inflatable fiat currencies at the will of governments and central banks, it’s pretty clear that Bitcoin represents a new era of monetary freedom.
Essentially, Bitcoin makes a good investment as projected from its price, despite the high volatility risk, which causes concerns to some investors. However, this volatility is anticipated to decrease gradually as governments and institutions enter the market.
Currently, Bitcoin’s cash supply is rounded off at 21 million coins. This also reduces the mining rate by about 50% every four years, indicating that the Bitcoins circulating supply keeps decreasing as well. This marks Bitcoin as one of the top contenders among the 5 best cryptocurrencies to invest this December.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Solana (SOL)
Solana was among the first blockchains to implement a proof-of-history (PoH) heuristic, which enables it to function rapidly while remaining stable and decentralized, contrasting the several other well-known blockchains that operate with the use of proof-of-work (PoW) or proof-of-stake (PoS) methodologies.
Anatoly Yakovenko, the veteran software engineer of Qualcomm (QCOMM), and Greg Fitzgerald, a coworker, created Solana to create a comprehensive platform that opened a new, high-performance, permissionless blockchain.
Solana includes several loan techniques, DeFi initiatives, NFT exchanges, Web3 applications, and decentralized market (DEX) resources. It also features Phantom, a Solana wallet designed for DeFi and NFTs.
Solana & Ethereum complement one another nicely in mainly two areas identified: velocity and inexpensive trading costs. Due to the congestion caused by Ethereum’s network design, which limits transactions to 15–30 seconds, gas prices are high. As a result of its distinctive aspects, it has garnered countless cryptocurrency buyers.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polygon (MATIC)
Polygon, a protocol & framework, is used by customers to link and build Ethereum-suitable blockchain networks. To aid in the multi-chain Ethereum environment, this substructure classifies viable Ethereum solutions.
The Ethereum asset controlling the Polygon Network is MATIC, a native Ethereum token by Polygon. To enable a swift and more affordable Ethereum payment transfer, Polygon offers the easy use of the Layer-2 sidechain, a cryptocurrency that synchronizes with the Ethereum main chain.
The rise in customers due to active wallets is one of the factors influencing the price of MATIC. Since all the payments on Ethereum platforms are usually prone to hefty gas costs, The Polygon network can be an alternative option for Ethereum users.
Polygon established its variety of the Ethereum Hard Fork, which would make the prices more predictable, subsequently creating MATIC disinflation in burning assets, thus, ultimately boosting the whole value of the token, making MATIC one of the top cryptos to invest in this December.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Stellar (XLM)
Users can create, send and trade numerous types of cryptocurrencies on Stellar’s decentralized network. In addition, developers use Stellar to deploy global payment apps, asset exchanges, and micropayment services for both large and small businesses.
Promoting financial inclusion by helping to provide financial services to the world’s unbanked users is the main motive behind the Stellar platform. Although priorities shifted over time, Stellar became a bridge between financial institutions by leveraging blockchain technology. As a result, it has a nominal and relatively lower transaction fee of 0.00001 XLM for its users. This low transaction cost attracts millions of users to its network, making it a good investment opportunity.
The price of XLM has shown promising growth to date. Moreover, the team behind Stellar has destroyed half of its lumens and does not plan to create more. This would create a scenario of rarity, and the potential increased value could make XLM an excellent asset to buy and hold.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Sandbox
The Sandbox is a virtual reality game where users can simulate real-life activities within the metaverse. Currently, the brand benefits from collaborations with established gaming organizations such as Atari. Much of the trading volume comes from the creation and trade of NFTs and its design objective that allows players to create NFTs using the SAND tokens.
The Sandbox was first released as an open-world mobile game in 2012. In 2015, the game was released on Steam for PC. The Sandbox’s alpha version was released on November 29, 2021.
The game is renowned for its two major mobile hits, The Sandbox (2011) and The Sandbox Evolution (2016), which together have had over 40 million downloads on iOS and Android. In addition, Pixowl, a mobile game developer/publisher, opted to transfer its popular User Generated Content gaming IP and a big community of producers to the blockchain environment in 2018.
The Sandbox enjoyed a large growth during the 2021 NFT craze, crossing the $1 mark in the last quarter, and has since continued on an upward trajectory. The coin is expected to keep up its growth track, making it one of the top coins to invest this December.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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