Top 5 Cryptocurrencies To Buy After Selling Your Tech Stocks - Our Picks
TRX - One of the best cryptos to buy now
ETH - Largest altcoin in the market
XRP - A crypto to buy and HODL
USDT - Stablecoin that’s a must buy
DOT - Trade in your tech stocks for DOT
A Closer Look At The Top 5 Cryptocurrencies To Buy After Selling Your Tech Stocks
The cryptocurrency market is still booming as 2022 draws to a close, and many investors are looking for prospective and potential digital coins that can result in gains. This article looks at the top 5 cryptos to buy after selling your tech stocks.
Tron (TRX)
Despite its low price, Tron (TRX) is actually one of the biggest cryptocurrencies in the world. TRX was originally released as an ERC-20 token but has since moved to its own network. It supports smart contracts, decentralized apps (dApps), and other blockchain systems.
Tron positions itself as an alternative to Ethereum as a dApp deployment platform. Perfect for creating apps that feature a lot of user-generated content, the Tron network can support up to 2,000 transactions per second.
The TRX token is used to incentivize content creators; it can also be featured in the dApps created on the platform. A well-developed and established platform, Tron has found its niche and continuously pushes out new updates and upgrades. In addition, the network uses the delegated proof-of-stake consensus algorithm (dPoS) and is energy-efficient and fast, which gives it an edge over similar projects.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum (ETH)
Ethereum remains a seminal project in the cryptocurrency space. Given its current low price, now is a good time to sell your tech stocks and buy ETH.
Ethereum is blockchain-based software that allows smart contracts to function. Those smart contracts are programs that trigger events to occur when a predetermined set of conditions are met. Of course, this all relies on ETH, the coin that fuels the network.
Ethereum is one of the best cryptos to own because it will be the dominant force that fuels the ongoing development of Web3. That means investors are buying a portion of the fuel for the next iteration of the internet that will attempt to decentralize power and lead to overall improvements in theory.
Another practical reason to like Ethereum is that the firm recently switched its consensus mechanism to a proof-of-stake protocol that will use much less energy to mine new coins. The result is much less environmental harm.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ripple (XRP)
XRP has been embroiled in a legal battle with the U.S. Securities and Exchange Commission (SEC) since 2020. However, that battle should end very soon, and all indications are that Ripple Labs, the company behind XRP, will emerge victorious.
The story behind the court case revolves around the SEC’s assertion that XRP is a security. The potential nail in the coffin of the SEC argument might have already been handed down when the SEC was ordered to surrender the “Hinman documents.”
The SEC had long refused to surrender the files that contained the influential opinion of former SEC Director William Hinman. In those documents, he stated that he believed ETH was not a security, implying, by extension, that XRP is also not a security.
Both Ripple and the SEC have filed summary judgment motions after the documents were admitted into evidence on Oct. 20. Ripple CEO Brad Garlinghouse expects a judgment by early 2023. So, buying XRP after selling your tech stocks and waiting will likely pay off soon.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Tether (USDT)
The cryptocurrency called Tether is based on the blockchain tied to the US Dollar. Financial firms hold physical money reserves, bond funds, treasury notes, and other valuables that can be used as security or collateral. Unlike their cryptocurrency cousins, Bitcoin and Ethereum, stablecoins usually have a 1:1 link with the US Dollar and are much less unpredictable.
The initial tokens of Tether were released on the Bitcoin system in the year 2015. It was among the earliest booming stablecoins and the first cryptocurrencies. It was not just technologically innovative but also featured a distinguished group of pioneers and developers, such as Brock Pierce, director of the Bitcoin Foundation.
USDT coins are still being created despite the backlash, as demands are still rising. To address the exorbitant fees, sluggish performance, and lack of scaling of the Ethereum network, Tether was newly introduced on Polygon, which has grown enormously famous in its own right.
Tether provides unique benefits and is one of the top 5 cryptos to buy after selling your tech stocks.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polkadot (DOT)
Polkadot is a blockchain-based open-source technology developed by the Web3 Foundation. The foundation is committed to creating an open-source, decentralized web that is user-friendly and fully functional. In recent years, the platform has acquired massive growth, becoming a top high-performing crypto asset in the past year.
This is accredited to Polkadot’s delivery of several trading tools and advanced tech to the crypto space. The native token DOT has already witnessed impressive growth in the past year, and crypto experts are anticipating another great run.
Another contributing factor to DOT’s value spike is its blockchain development. To be more precise, the expansion of their DeFi sector is considered a massive milestone for the team. Furthermore, many tech-savvy people continue to migrate to this blockchain as they launch their own crypto projects via the platform.
Therefore, the project has successfully captured investors, traders, and developers alike. While the platform is not as well-known or popular as Bitcoin, there is much anticipation for the success of Polkadot across the industry. Thus, it is one of the top 5 cryptocurrencies to buy now after selling your tech stocks.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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