Invest in these cryptocurrencies and generate massive returns in the long run.
The crypto industry has had a surge in its overall growth and popularity, especially since the pandemic started. Digital assets have managed to lure in potential investors across the globe and made themselves known in the global marketplace. As a result, investors are flocking to cryptocurrencies like never before. If you are also one of these budding investors, looking for the top cryptocurrencies to buy in June 2022, keep reading.
Immutable X (IMX)
IMX tops the list of best cryptocurrencies to buy in June 2022, thanks to its significant role in the NFT market.
The world of non-fungible tokens (NFTs) has been perhaps the hottest topic in the cryptocurrency space. Immutable X was designed to make NFT trading easier, quicker, and cheaper. The crypto strives to simplify the adoption of NFTs to the point that it’s on par or even easier than using regular cryptocurrencies. Immutable X has a non-custodial layout, making it more secure than any custodial network.
The idea behind IMX is to take transactions off Ethereum, complete them on the new network, and then put them back on the original blockchain. This makes Immutable X an efficient layer-2 scaling solution.
Moreover, IMX has recently partnered with GameStop. The partnership established an up to $100 million fund in IMX tokens to support content creators and game developers.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum (ETH)
With the upcoming Merge scheduled for August, ETH would skyrocket, making it one of the top cryptocurrencies to buy in June 2022.
Ethereum is a smart contract platform that enables developers to build everything from decentralized finance applications to non-fungible token marketplaces. As the second-largest crypto in the world by market cap, Ethereum has become a go-to investment option for investors as crypto has the potential to become the backbone of the metaverse as a whole.
The upcoming Merge upgrade scheduled for August has also been boosting the value of ETH. During the upgrade, the current Ethereum Mainnet would merge with the beacon chain Proof-of-Stake system allowing the complete transition to a Proof-of-Work consensus mechanism.
Essentially, the update will make the blockchain faster and more energy-efficient, and it will also have lower transaction fees for users, fueling its adoption rate.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum Name Service (ENS)
Ethereum Name Service is one of the best cryptos to buy now, thanks to its potentially valuable contour of Web 3.0.
Ethereum Name Service emerged as a potential solution for simplifying the crypto and DeFi sector, especially for beginners. Users can create universal nicknames for all their public addresses and decentralized accounts. ENS is highly secure and completely decentralized as it’s built on the Ethereum blockchain using smart contracts.
Users can completely rely on the ENS domain rather than using an incomprehensible string of keys for different crypto addresses. By enabling portable and interoperable Web 3.0 usernames across different decentralized apps and blockchains, ENS focuses on serving as the naming protocol for decentralized internet services.
ENS is one of the top cryptos to buy in June 2022, thanks to the benefits of the crypto in facilitating ease of use and accessibility of crypto solutions. ENS will continue to skyrocket as it has hit a record surge in registrations recently. The latest domain saw a registration of around 162,978, breaking all the records. ENS stands unique from its rivals by offering human-readable nicknames that can work across all wallets, dApps, and decentralized websites.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano (ADA)
Cardano is one of the most promising cryptos to buy in June 2022 to ensure profitable returns over the long run.
Cardano, the third-generation public blockchain and decentralized application development platform is one of the most sustainable cryptos to buy in June 2022. Unlike the PoW protocols, Cardano offers a faster, cheaper, and more secure blockchain.
One key reason why ADA is on the list of the top cryptocurrencies to invest in 2022 is the upcoming Cardano Vasil Hard Fork. The update aims to make the blockchain more robust and scalable. Vasil would provide investors and communities with a wealth of benefits.
Cardano has always been significant with its updates. The Alonzo hard fork has essentially bolstered Cardano’s infrastructure to improve the network. Several other projects, such as the Cardano Hydra L2 and Djed Stablecoin, are also in the pipeline. Now Vasil is the second major upgrade to the Cardano network that focuses on overall network stability and connectivity.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Livepeer (LPT)
Livepeer has tangible, real-world use cases, making it one of the top cryptocurrencies to buy in June 2022.
With LPT’s price increasing continuously in the past few days, Livepeer has gained massive attention from the crypto community. The platform is built on ETH for on-demand video and transcoding live. It stands apart from the traditional video streaming platforms like Tiktok and YouTube by not storing, hosting, or distributing videos. Rather, LPT focuses on creating a technology that uses high computing power to share video from broadcasters to end consumers more effectively.
Livepeer’s network consists of thousands of node operators known as orchestrators who provide computing power in exchange for fee payments from broadcasters and rewards in the form of LPT tokens. One of its key features is that producers can seamlessly yield their work via the platform, and Livepeer will handle the reformatting and distribution of the streaming platforms & content to users.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Cryptocurrencies are revolutionizing the global payment system. So picking the right crypto is challenging. Here is the list of the top cryptocurrencies to buy in June 2022 to begin your investment journey.
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How To Buy Cryptocurrency Safely & With Low Fees