Crypto markets have taken the biggest hit recently due to worldwide political struggles, rising inflation, supply chain issues, and countless other problems. As a result, what was a risky investment became even riskier, and many holders transferred their assets into other industries.
The recent market developments pointed out the weak points of the entire system. Cryptocurrency markets are now rallying and looking for ways to improve market regulation. Moreover, various governments are testing their digital currencies, which are expected to hit the markets later this year.
Most cryptos that survived the crash are about to make a major comeback to the markers, and if you buy them before the next bull run, you’re potentially looking at some huge gains. So, let’s look at the top 5 cryptocurrencies to buy for a short-term bull run.
NEAR Protocol (NEAR)
Near Protocol (NEAR) is a tier-one decentralized application (dApp) platform that validates transactions on its blockchain using a proof-of-stake (PoS) process. According to its whitepaper, it is a community-run cloud infrastructure for delivering and maintaining decentralized apps. It combines aspects of a decentralized database with a serverless computing platform.
Additionally, the protocol has released several improvements to its network, including NFT Marketplaces and a music streaming service. Numerous artists and developers are using the protocol, utilizing its network to construct dApps.
The NEAR token may be valued 10x soon after a series of rallies as whales continue to drive higher prices. Given its unique features and price history, experts believe NEAR is likely to surge in value soon, making it one of the top 5 cryptocurrencies to buy for a short-term bull run. At the time of writing, it is valued at $4.02.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Enjin (ENJ)
One of the top NFT projects in the market is Enjin (ENJ). It is a decentralized ecosystem built to streamline the integration of enterprise blockchain technology. The network is referred to as a PaaS (Platform-as-a-Service) by developers due to its structure and features.
Enjin enables businesses to leverage blockchain infrastructure without writing any blockchain-related code. By eliminating such technical barriers, the network enables anyone to trade using blockchain-based strategies.
Currently, the platform specializes in helping developers and studios to utilize tokenized digital assets in their titles. These protocols improve the UX and help cultivate acquisition, retention, engagement, and monetization strategies for developers.
At the moment, the platform supports hundreds of thousands of communities globally. The network has expanded to include 40+ gaming firms today. In this way, Enjin connects the growing ecosystem of creators, buyers, and sellers via pioneering decentralized initiatives. These factors make ENJ one of the top 5 cryptocurrencies to buy for a short-term bull run.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Battle Infinity (IBAT)
Even though it may seem like a simple blockchain game, Battle Infinity has much more to offer. It’s primarily a blockchain platform with an easy-to-use ecosystem divided into six categories. The IBAT Premier League is the project’s core, where users can play sports games, trade digital assets, access player data, and much more.
Since it’s a P2E project, users win IBAT tokens they can swap in the IBAT Battle Bank. Users can exchange the tokens for other currencies directly or spend them on new in-game items in the Battle Market. The number of available games is still limited, but it will increase in the future. As you win tokens, you can also use the Battle Stake platform to deposit them and receive an annual percentage yield as extra income.
The entire project is currently in Phase 3 out of 7 planned stages, so you still have a shot at becoming an early investor. It is one of the top 5 cryptocurrencies to buy for a short-term bull run, and it’s a project expected to become the next Axie Infinity. If you’re interested in crypto games with excellent tokenomics and advanced features, Battle Infinity is the best option.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Algorand (ALGO)
Algorand is a Pure Proof-of-Stake (PPoS) blockchain platform that uses algorithmic randomness to solve blockchain’s trilemma. Unlike most blockchain projects, it requires minimal computation as it realizes the unique combination of the Proof-of-Stake algorithm rather than Proof-of-Work. As it is a public blockchain platform, developers can use it to build decentralized applications on top of it.
It aims to solve the inefficiencies of ledgers, such as scalability, waste of energy, and high cost of transactions. Algorand uses the advantages of both centralized and decentralized blockchain projects. It is efficient and effective, like a centralized platform and governance model of decentralized projects to ensure accountability. Various such advanced features make ALGO one of the top 5 cryptocurrencies to buy for a short-term bull run.
Algorand is also a good investment because of its growing ecosystem across the board. It has been adopted by developers building applications in all industries, including Automated Market Makers (AMM), analytics, decentralized autonomous organizations (DAO), DEX, governance, oracles, and NFTs.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polygon (MATIC)
For those interested in scaling Ethereum/Web3 apps, Polygon offers some impressive numbers. According to its website, Polygon boasts 1.3 billion recorded transactions, 130 million wallets, and just under 3 million active monthly users. Its native token, MATIC, is an ERC-20 token and is used within the Polygon ecosystem to settle payments and governance.
It is also an EVM-compatible sidechain with a long-term vision of becoming Ethereum’s “internet of blockchains” and a Layer-2 aggregator, which allows it to leverage Ethereum’s security while providing faster speeds and lower costs for developers to use independent yet interoperable blockchains.
Despite a recent drop in price, MATIC’s value remains high, thanks in part to the Ethereum Merge, and investors are bullish on its long-term prospects. And with 19,000 dApps running on the network and Ethereum scaling solutions, MATIC is one to keep on your watchlist.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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