The market is slowly recovering from the price slump, and here are the top cryptocurrencies to buy now.
Cryptocurrencies had quite a rough year so far in 2022. Several major cryptos have watched their prices plummet because of extreme market conditions. With most of them trading in the red zone, investors have a hard choice to make between the coins to buy and sell. However, since the market is slowly recovering, we have consolidated the list of the top 5 cryptocurrencies that have recovered greatly after the bloodbath.
Polygon (MATIC)
Polygon is one of the best high-yield assets to buy now.
Known as the Matic Network, Polygon was specifically designed to scale Ethereum and enhance the infrastructure. It is a layer-two scaling solution and has a unique transaction fulfillment technology. The network uses several sidechains to unload the Ethereum blockchain. The so-called “plasma chains” of Polygon are highly significant. The smart contracts are removed from the Ethereum network using these Ethereum sidechains.
Polygon’s innovative side chains are uniquely designed to support decentralized finance protocols within the Ethereum ecosystem. It also addresses some of the crucial issues of ETH, like scalability and transaction speed. As one of the top 5 cryptocurrencies that have recovered from the bloodbath, MATIC focuses on creating interconnecting blockchain networks or the 'internet of blockchains.'
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
FTX Token (FTT)
FTT investors expect many partnerships and integrations in the future, making the FTX token one of the top cryptos.
FTX Token (FTT) is one of the top 5 cryptos that have recovered greatly after the bloodbath. After witnessing a prolonged period of bearishness, FTT seems to have reversed its trend by catering to traders through industry-first derivatives, options, volatility products, and leveraged tokens.
The team behind FTT constitutes some of the biggest cryptocurrency traders. They have found some notable issues with the oldest cryptocurrency exchanges over time and thus came to launch their own in FTX. The exchange stands out in the crowd by offering unique features like clawback prevention, a centralized collateral pool, and universal stablecoin settlement.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Tether (USDT)
Tether has established its position as the most popular stablecoin in the market.
Tether had experienced a massive slump in the stablecoin crash in 2022. But USDT is one of the top 5 cryptos that have recovered greatly from the bloodbath. Moreover, new tokens are being minted as demand continues to increase. As a result, Tether is highly popular as the dominant issuer of stablecoins. Unlike traditional cryptocurrencies, whose monetary value can fluctuate widely, stablecoins are uniquely designed to maintain a constant price of $1 and are backed by large reserves of funds or other financial instruments.
Additionally, Tether recently launched on Polygon and became hugely popular in its own right by offering a solution to the Ethereum network’s high costs, slow speed, and lack of scalability. Apart from Ethereum, Tether is already live on smart-contract platforms like Solana and Algorand.
A financial expert at American University, Hilary Allen, said, “Tether is the lifeblood of the crypto ecosystem. If it implodes, then the entire facade falls.” Tether is one of the top cryptos to buy as it is considered a ‘safe haven’ in a turbulent asset class since it is designed to be immune to volatility.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
PKT (PKT Cash)
Becoming a part of the PKT network could bring high profits and an opportunity to be a part of the real digital revolution.
One key reason to invest in PKT Cash is its low entry point. The coins were created as a low-cost method of trading. Users who have excess bandwidth can seamlessly trade PKT coins and trade it for coins with people in the network. It is one of the top 5 cryptocurrencies to buy now as it aims to become the world’s largest Internet service provider (ISP) owned and operated by the people who use it and earn from it.
Moreover, the network’s technology aims to revolutionize accessing the Internet, reducing the monopoly of Internet providers. Besides, investing in PKT allows one to benefit from a faster, more reliable, and more secure network. The Internet has become a necessity, which is why the PKT cash project is going to be one of the top cryptos to buy in 2022. Apart from that, the PKT network is garnering much popularity for its high speed, latency, robust data network, and lower costs.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Aventus (AVT)
Despite its relative anonymity, Aventus has also recovered greatly after the bloodbath of the crypto market.
AVT is a relatively unknown token realizing gains despite the uncertainty throughout the cryptocurrency market and is based on the Aventus blockchain network. It is popularly known as a scaling solution on the Ethereum blockchain at 100x the speed and 1% of the cost. The AVT token is utilized on this network for payments, fees, and staking.
The Aventus Network uses certain parts of Ethereum to operate, but as a layer 2 scaling solution, it lets users take their transactions away from the main blockchain.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Cryptocurrencies are constantly in the news as several well-known financial institutions and companies have started adopting them. Moreover, in recent times the less volatile assets within cryptocurrency, like stablecoins and altcoins, are also making their way into investors’ radars. So if you are planning to invest in cryptos, these are the top 5 cryptocurrencies that have recovered greatly after the bloodbath to ensure good returns.
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