Got $1,500? 3 No-Brainer Cryptocurrencies To Buy Right Now
Thanks to the impressive growth of cryptocurrencies over the past few years, digital assets are fast becoming a dominant part of the investment portfolios of both retailers and institutional investors. June overall has been good for several cryptocurrencies, recovering from the market turmoil in May faster than expected.
Wall Street giants and crypto enthusiasts are flooding the crypto market, trying to get their hands on the best cryptocurrencies available. If you have $1,500, we have done the heavy lifting for you here. Here are the 3 no-brainer cryptocurrencies to consider buying.
3 No-Brainer Cryptocurrencies To Buy Right Now
#1 Ethereum (ETH)
Ethereum is the first programmable blockchain initiated in 2015. This second-largest blockchain has successfully risen in value in recent months. After starting the year at $1000 per token, ETH crossed over $4000, hitting a record high in May 2021.
Ethereum stands out from other crypto projects with its unique programming language known as Solidity. It allows coders to write smart contracts that can seamlessly automate thousands of financial products.
One significant reason why Ethereum is one of the best 3 no-brainer cryptocurrencies to buy now is the soaring popularity of decentralized finance (DeFi). Additionally, the rising popularity of non-fungible tokens (NFT) has also significantly fueled the parabolic moves in Ethereum.
Moreover, experts and crypto enthusiasts also have a positive outlook on the growth of Ethereum tokens. Sarah Bergrstrand, Panel member and BitBull Capital chief operating officer, said, “We are likely to see major upgrades to the Ethereum network this year, and those can be expected to push the price higher.”
Finally, with the long-awaited upgrades to the Ethereum network, Ethereum 2.0, is expected to launch by the end of 2021. The transition from the current Proof of Work (PoW) system to Proof of Stake (PoS) will quickly transform crypto into one of the most environmentally friendly tokens. Further, ETH 2.0 will make the network more scalable, secure, energy-efficient, and reduce high gas costs. The upgrade could help ETH reach never-seen heights once completed.
Crypto analysts opine that Ethereum has the potential to eclipse Bitcoin in the coming decades. Thanks to the smart contract capabilities of the network, a new era of computer programming, digital ownerships, and blockchain innovation are now opened for a wider audience to access.
#2 Cardano (ADA)
Cardano (ADA) is a third-generation cryptocurrency that has seen steady growth over a couple of months. It is an advanced blockchain platform built on a unique proof-of-stake consensus protocol known as the Ouroboros protocol. It validates transactions without consuming high energy. This makes ADA a green coin that sustainably scales to global requirements without compromising security.
Moreover, ADA employs a new and advanced layered architecture to enhance security, scalability, and sustainability. Further, the dedicated team behind Cardano also has plans to deploy a governance system called Project Catalyst, which helps to manage and develop their future projects.
Cardano, a viable competitor of Ethereum, seeks to offer several compelling capabilities of the blockchain network. The platform focuses explicitly on the security and scalability of decentralized systems, applications, and societies. Moreover, with the implementation of the highly-anticipated smart contract functionality, the price of ADA will skyrocket to new heights. The smart contract functionality will further allow developers to build applications on top of the blockchain networks.
It supports fast transactions with minimal transaction fees and provides the unbanked population easy access to financial services. Cardano has potential projects currently underway in Africa and plans to broaden its network into other parts of the developing world.
Today, ADA is known for its efficient PoS mechanism that limits the carbon footprint. If the team works more towards the sustainable part of the network, it might attract more eyeballs, accelerating the price up to $3.2 by the end of 2021, as per experts.
Read Also: Will Cardano Make Me Rich in 10 Years?
#3: Ripple (XRP)
Ripple XRP was primarily designed to address the needs of the global financial services and banking sectors. Ripple began 2021 at $0.22 and soared up to hit an all-time high of $1.8 in April.
Ripple is a unique blockchain platform for banks and financial institutions offering instant cross-border payments which are secure, fast, and almost free. XRP is not merely a utility token but is also used for payment settlements, remittance systems, and asset exchanges.
Thanks to its advanced network that processes transactions within seconds, Ripple has earned the trust and interest of some of the most established financial institutions and banks worldwide. Some of them include JP Morgan (JPM), Banco Santander (SAN), Bank Of America, SBI Holdings, Standard Chartered Bank (SCB), Santander, American Express, amongst many others.
Ripple enthusiasts are eagerly waiting for a positive outcome in XRP’s legal battle against the US SEC. There are expectations that the crypto would likely win over the legal suit and would surge to $2 by the end of this year. The SEC lawsuit was a massive hit for Ripple, causing a significant drop in its price. But thanks to its dedicated team, the company is fastly recovering from it.
Despite the lawsuit, Ripple has recorded the highest gains and significant growth in terms of price rise and partnerships. Apart from all this, Ripple, in its recent blog, outlined the news that it is piloting a private version of the open-source XRP ledger. This will offer Central Banks a flexible and secured solution for issuing and managing digital currencies, adding to Ripple’s array of real-world use cases.
Considering all the given factors, Ripple is one of the best no-brainer cryptocurrencies to buy right now if you are looking for a profitable return in the future. Furthermore, XRP has a limited supply of 100 billion coins, of which 46 billion coins are already in circulation. Therefore, if Ripple continues to attract investors and institutions with its advanced capabilities, there will undoubtedly be a considerable increase in its price driven by scarcity.
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Without a doubt, cryptocurrencies are revolutionizing the finance sector with advanced blockchain technology. The pandemic and consequent inflation have gained the traction of several institutional and retail investors alike. Today investors are constantly looking for crypto assets with high growth potential. Therefore, these 3 are the best no-brainer cryptocurrencies to buy right now and significant additions to your investment portfolio.
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Virtual currencies are highly volatile. Your capital is at risk.