Missed Out On Shiba Inu? 5 Unstoppable Cryptocurrencies To Buy Instead
Don’t miss your chance to buy these 5 top cryptocurrencies to secure a wealthy future.
Meme coins and NFTs have made the crypto arena highly exciting, producing millionaires in a matter of months. There are almost 8000 crypto assets in the market, and new tokens join the fray all the time.
Shiba Inu has arguably been one of the biggest winners in 2021. It has been on a significant rise, gaining massive popularity since the beginning of the year. But if you have missed out on Shiba Inu now, do not worry because here are 5 unstoppable cryptocurrencies to buy instead.
5 Unstoppable Cryptocurrencies To Buy Today
There are various other emerging altcoins and memecoins worth looking out for and buying. Let’s check them out.
- Dogecoin (DOGE)
- Solana (SOL)
- Cardano (ADA)
- Polygon (MATIC)
- Ripple (XRP)
1. Dogecoin (DOGE)
Thanks to celebrity endorsement, DOGE is still a cryptocurrency worth watching.
Traditional investors may criticize meme cryptos, calling them “pump and dump” schemes. Still, meme coins like Dogecoin have cemented their position in the list of top cryptocurrencies in the market today. Dogecoin is one among the first meme tokens created as a joke by Billy Markus and Jackson Palmer in 2013.
Dogecoin has gained massive popularity and made more headlines from celebrity hype. One of the ardent supporters of DOGE was the billionaire Elon Musk. He went as far as hailing himself the ‘Dogefather’ in his Twitter. The price of DOGE hit the moon with Musk and his series of tweets and memes.
Moreover, Dogecoin also gained value from its wide acceptance as a medium of exchange. Numerous small businesses and over 26 merchants are now accepting Dogecoin as a form of payment. It is also adopted by some major companies like the Dallas Mavericks, Kronos, and even SpaceX, an American aerospace manufacturer owned by Elon Musk, giving DOGE support and value.
Dogecoin’s mining model, inflationary status, and lower transaction cost have also given the crypto an intrinsic value. Additionally, it has a brilliant feature called the Scrypt algorithm, a significant point of divergence from BTC’s SHA256 and facilitates much faster block creation, making it much faster than Bitcoin. These factors, along with its rising popularity, make Dogecoin unique and an intriguing investment for many crypto enthusiasts.
2. Solana (SOL)
Solana is one of the top cryptocurrencies in terms of scalability and speed.
Solana enjoys the advantage of its cutting-edge technology and offers gains for investors as it grows. The price of SOL, the network’s native token, has already been on a fantastic rally over the past year.
Moreover, the cryptocurrency is also rapidly gaining market share in the booming non-fungible token world. It also supports dApps (decentralized applications) and blockchain-based projects like DeFi (decentralized finance) programs. With over 400 projects on the network, the rising demand for smart contracts and NFTs have made SOL one of the unstoppable cryptocurrencies to buy now. The NFT marketplace Solanart runs on the Solana network and allows NFT buyers to enjoy faster transaction speeds and lower fees than buyers on the Ethereum network.
However, Solana did not enjoy a smooth rally in 2021. It experienced a slight pullback after the "intermittent instability" issues on the blockchain. The system breakdown prompted several experts to expose the vulnerabilities in the functioning of the blockchain. But the team managed the situation and then recovered again in November.
Yet another unique advantage of Solana over other smart contract blockchains is its high focus on scalability. Transaction fees on the network are also about 99% less expensive, making Solana an excellent option for retail investors trying to tackle the higher gas fees on Ethereum. Moreover, the transaction cost is as low as $0.01, and the system can run up to 65,000 transactions per second.
The network employs a mix of Proof-of-Stake (PoS) and an innovative protocol called the Proof-of-History (PoH), which is a cryptographic timestamp that removes the need for validators to verify the timestamps on each transaction. As a result, Solana is one of the leading coins in the crypto race, and it is worth watching.
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3. Cardano (ADA)
ADA has now become one of the fastest-growing sustainable cryptocurrencies in the market.
Cardano, the third-generation cryptocurrency, is mainly known for its early adoption of the Proof-of-Stake mechanism. It allows investors to stake their tokens to validate the blockchain. As it requires computing power much less than the traditional Proof-of-Work model, ADA is highly energy-efficient and is appreciated by almost all environmentally conscious investors.
The team behind Cardano is actively working to implement new updates, the project is currently in the third phase, and smart contract functionality was already added to the blockchain in September 2021. ADA enthusiasts are eagerly waiting for the launch of the fourth phase, the Ouroboros Hydra, an upgraded version of the consensus protocol.
The Hydra update will enable multiple chains to be added to the main blockchain, distributing the network load efficiently. With the update, the network would become highly efficient and scalable, with Cardano processing as many as 10,000 transactions per second.
Assuming that Cardano makes a positive promise of tremendous scalability, the platform could become highly popular among dApp developers and DeFi investors. Increased adoption of services on the Cardano blockchain would translate into more demand for the ADA token, skyrocketing it to new levels.
Moreover, the project’s primary vision is to offer access to financial services to unbanked populations. To implement this, the team of IOHK has partnered with the Ethiopian government to create a blockchain-based system for the education sector. This is a big step ahead in its mission to use blockchain technology for solving real-world issues. Considering all this, ADA could be one of the hottest cryptocurrencies to buy now for future returns over the long run.
4. Polygon (MATIC)
Thanks to the tremendous boom of DeFi and dApps, Polygon Network would reach new highs in 2022.
The Polygon network strives to end all the problems that are currently affecting the Ethereum blockchain. It aims to address drawbacks like poor user experience (delayed transactions), insufficient throughput, and lack of community governance with a new sidechain solution. Polygon is a framework for creating and building interconnected blockchain networks. It allows users to connect with Ethereum-compatible networks. Users can seamlessly create new chains, add to the Ethereum chain and even create their own currencies.
Polygon has entered into several partnerships and collaborations in 2021. A notable coalition is with Ernst & Young (EY) to develop and implement scaling and enterprise solutions for the Ethereum ecosystem in September 2021. The team announced that as a part of this initiative, “EY and Polygon will work on Polygon Nightfall, a public, privacy-focused Rollup. In addition to this, EY will offer its other flagship blockchain products on Polygon and jointly develop new Polygon-based blockchains for enterprise use.”
MATIC, the native token of Polygon, has seen a dramatic rise in its price in 2021. Several prominent crypto trading platforms have also begun offering the token. Crypto experts predict that the token has more room for growth, and the price of MATIC will skyrocket tremendously in the coming years.
5. Ripple (XRP)
Since its inception in 2012, XRP has returned a respectable profit to its investors.
Unlike other cryptocurrencies, Ripple XRP is a technology that acts as a cryptocurrency and a digital payment network for financial transactions. The purported goal of XRP is to simplify how financial payments are made. Today, hundreds of financial institutions across 55 countries are already using XRP to facilitate transactions. Some of its established, biggest customers include Bank of America (BAC) and American Express (AXP).
Thanks to institutional adoption, XRP had been on a tremendous rally in 2021, helping investors gain good profit. It just takes five seconds for an XRP transaction to go through, and the cost of the transaction is less than 0.0001 XRP, or $0.00007525. Adding to this, it is also highly energy efficient. This is one reason why XRP possesses significant utility in handling credit cards, PayPal, and money orders.
Prominent financial institutions back Ripple, and the crypto has plenty of room for future growth. The team has also partnered with SBI Remit, the largest money transfer service provider in Japan, to facilitate cross-border payments using its digital currency, positioning XRP as one of the potential cryptocurrencies to buy now.
Therefore, Ripple has offered an alternative platform to facilitate cross-border payments, which are 100% secure, instant, and practically free. According to crypto analysts, the crypto can replace SWIFT as the top network for secure, standardized, and reliable global payments.
Moreover, to further streamline its services, the company has planned to develop the Ripple Liquidity Hub, which will be launched in 2022. With the new advancement on track, adoption for the Ripple network would increase, making XRP a good buy now.
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With cryptocurrencies gaining more popularity and becoming mainstream, there’s no question of their potential to secure a wealthy fortune. 2021 gave rise to numerous altcoins and meme coins that turned early investors into millionaires overnight. If you have missed out on your chance on SHIB, these are the other 5 unstoppable cryptocurrencies to buy instead.
However, investors are always advised to do their due diligence and consider their risk potential before investing in any cryptocurrencies.
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Virtual currencies are highly volatile. Your capital is at risk.