Got $3000? 5 Explosive Cryptocurrencies To Buy Now

Buying these explosive crypto assets now would help you double your investment over the long run.

Last Updated September 6th 2021

7 Min Read

Best Crypto Coins Right Now

The cryptocurrency market has been on a tremendous rally lately. Several leading cryptocurrencies have seen some volatile swings across the first half of the year. On the other hand, many top altcoins have been enjoying strong bullish momentum.

With thousands of coins, finding out which cryptocurrency to invest in might be a daunting task. So if you have got $3,000 and are looking to invest in crypto assets, then here are 5 explosive cryptocurrencies that you can buy right now.

Key Points

With its growing community and ecosystem, Shiba Inuthe is one the best crypto coins to buy and is likely an excellent long-term investment.
Filecoin is one of the best explosive cryptocurrencies to buy now as it aims to facilitate the creation of an open market for file storage.
ADA is showing strong momentum and is making impressive gains in 2021, which makes it one of the top cryptocurrency to buy.
Solana, one of the fastest programmable blockchains in the crypto space, is rising in popularity this year.
The growth of the IoT sector suggests vast growth opportunities for IoTex blockchain and IOTX tokens.

1. Shiba Inu (SHIB)

Continuous hype from influencers and several well-known personalities has boosted the price of Shiba Inu Coin to new heights.

The team behind Shiba Inu is attempting a decentralized spontaneous community building. According to its developers, the token was inspired by Dogecoin. But the makers ensured that SHIB is not merely a joke coin; instead, it is an ERC-20 token that can be utilized on the Ethereum network.

SHIB is one of the 5 best explosive cryptocurrencies to buy right now if you have got $3000. Thanks to its rapidly developing ecosystem and affordable rates, Shiba Inu has a strong community of cryptocurrency holders that continuously support and promote the token on several social media platforms.

Shiba Inu has substantially increased since the start of 2021. It has also raked in massive gains for traders and investors over the past few months. Moreover, the daily trading volume of the token shows that SHIB shows no sign of slowing down in 2021 and beyond.

Experts and analysts across several cryptocurrency prediction portals believe that the token has plenty of room for growth, and investing in SHIB now could be the best way to generate good returns in the future. As a result, the coin has emerged as a potential investment option for investors, especially in the wake of a bear market in Bitcoin and Ethereum this year.

ShibaSwap is yet another factor behind SHIB’s tremendous growth. The decentralized exchange allows users to trade several digital coins, and the developers are also planning to introduce NFT trading on the platform in the coming decades.

Check Out: Why Shiba Inu Will Skyrocket

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

2. Filecoin (FIL)

With growing interest from investors and institutions, Filecoin is an explosive cryptocurrency to buy now.

Filecoin, the decentralized storage network, is developed by Protocol Labs. This unique cryptocurrency has seen tremendous growth since the beginning of the year. Generally, users have to pay competitive prices to storage miners to ensure that files are stored safely over time. With Filecoin’s blockchain technology, users can easily store files safely and securely. In addition, it records transactions to provide verification of file storage and transfer FIL.

Filecoin miners have an added advantage. Other cryptocurrency miners receive coins in exchange for running complex calculations to verify transactions. In comparison, Filecoin miners receive FIL coins in exchange for providing computer storage. Thus, anyone with an internet-connected computer and spare disk space can be a Filecoin miner and earn rewards. This will eventually lead to high adoption rates and is one reason to buy Filecoin for future returns.

Its advanced protocol removes the need for each provider to create a different application programming interface (API) by reducing the barriers to entry. It thus creates a decentralized environment of independent providers. Furthermore, with multi-layer protection, the network will also ensure that the stored data is safe from any threats.

Don't Miss: Why Filecoin Is Going To Explode

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

3. Cardano (ADA)

Due to its relatively low price and promising future, ADA is one of the high-potential cryptocurrencies to buy now.

Cardano has emerged as one of the year’s best-performing cryptocurrencies in 2021. The listings on new exchanges and new feature roll-outs are two of the many reasons why the price of ADA raised significantly over the past few months. Cardano is one of the most exciting cryptocurrencies to buy now because of its limited supply. The increasing demand for ADA will create a sense of scarcity and significantly drive up its value over time.

Yet another reason for Cardano’s positive momentum recently is ADA’s listing on popular Japanese cryptocurrency exchanges. It is also generating excitement amongst investors with its planned Alonzo update, scheduled to be released in September. The upgrade will bring smart contracts functionality to the blockchain, and Cardano will establish itself as a legitimate player in the decentralized finance (DeFi) space. This is one significant reason to buy ADA now to earn good profit over the long run.

Moreover, the token is gaining attention from several millionaire investors too. For instance, Glauber Contessoto, the famous Dogecoin millionaire, plans to get his hands on ADA. He says, “I’m going to start buying up as much Cardano as humanly possible with every bit of money I start making from now on.”

Another factor behind Cardano’s bright future is its sustainable nature. Since it already operates on the Proof-of-Stake model, the token is highly energy-efficient and an environmentally friendly alternative to Ethereum.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

4. Solana (SOL)

Solana's network fundamentals and unmatched transaction speed have positioned it as one of the top next crypto coin to buy right now.

The price of SOL has had a whopping surge of over 100% since the start of August 2021. The Solana ecosystem began to take shape with DeFi and NFTs. Today it is the fastest programmable blockchain that runs numerous decentralized applications. SOL supports smart contracts and is gaining massive popularity with developers building DeFi apps and creating NFTs. It is best to buy SOL now as the token has already crossed Ethereum in the number of transactions done, certainly a huge step to achieve for a freshly introduced coin.

Solana is known for its transaction speed. It can process over 50,000 transactions per second (TPS). Moreover, the number could also increase to as much as 700,000 TPS as the network grows. Solana thus has strong leadership and has attracted numerous reputable investors. There are over 400 projects on the Solana network currently. Some of the notable projects in the crypto world include Serum, Chainlink, USDC (the Circle stablecoin), and Audius.

Yet another reason to buy and hold SOL for the long-term is that staking SOL could help you earn interest. Staking is the key to a network's validation and security. Token holders can earn rewards by just tying up their coins for a specific period.

Check Out: Could Solana Be a Millionaire Maker Coin?

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

5. IoTeX (IOTX)

Thanks to the unstoppable growth of IoT, IoTeX has positioned itself as one of the best cryptos to buy now.

The Internet of Things (IoT) industry is booming today. Reports say that there will be over 50 billion IoT devices in 2022 and over 100 billion in 2025. This is the key reason to buy IOTX cryptocurrency as a long-term investment. IoTeX is a unique cryptocurrency that is designed to solve specific challenges faced by IoT.

This next-generation blockchain supports smart contracts as well as token incentives to build a robust and secure IoT ecosystem. In addition, it solves three core problems that are currently limiting the growth of the IoT sector. They are:

Scalability Issues - With its unique architecture, IoTeX enhances scalability and facilitates large-scale industrial adoption.
Interoperability - Unlike other blockchains, IOTX is designed to handle several cross-chain interactions and transactions.
Privacy - Not all blockchains are private by default. Some still store user data making it vulnerable to attacks. IoTeX blockchain architecture is built to protect privacy at a protocol level by leveraging on-device randomness and the access control based on ring structures.

Yet another reason why IoTeX is an investable cryptocurrency is its unique Roll-DPoS consensus mechanism. It facilitates high transaction throughput and low latency that is essential for real-time IoT solutions. The token has entered into several partnerships recently, boosting IOTX prices to new highs.

For instance, it has recently collaborated with XYO, which aims to connect blockchain and the physical world. The partnership will allow companies to provide developers with the tools and infrastructure that will enable them to easily create new blockchain applications focused on IoT.

Don't Miss: What Is IoTeX (IOTX)? Should You Invest In IOTX And Where To Buy It?

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Bottomline

Risks aside, cryptocurrencies have been making massive gains lately. Apart from tokens like Bitcoin and Ethereum, there are several other cheap and affordable altcoins for investors to build their investment portfolio. Therefore if you have $3000 to invest in, these are the top 5 explosive cryptocurrencies to buy now for future returns. However, it is always advised to invest in any digital asset with due diligence considering your risk tolerance level.