Cryptocurrencies are becoming more popular, with large companies accepting them as payments. It is an indicator that even with all the volatility that characterizes the market, cryptocurrencies hold much potential as growth assets.
Bitcoin, the number one cryptocurrency, turned bearish towards the end of 2021. However, it has been in recovery in recent weeks, pulling with it the altcoins market. Now that most cryptocurrencies have shown a sign of recovery, it could be an excellent time to start investing in cryptocurrencies with strong potential for growth.
In this article, we take a closer look at the top 10 best cryptocurrencies to buy during the market recovery.
Ethereum
Ethereum is the second-largest cryptocurrency by market capitalization and an important pillar of the entire cryptocurrency ecosystem. Aside from Bitcoin, Ethereum is the only other cryptocurrency whose price action directly impacts the entire cryptocurrency market. That’s because a huge portion of the altcoin market is based on the Ethereum blockchain. With Ethereum 2.0 closer than ever to becoming a reality, investor interest in Ethereum is rising. This makes Ethereum one of the top cryptocurrencies to buy during the market recovery.
Don't Miss: Ethereum (ETH) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Terra
Terra is a blockchain network that is focused on stablecoins. The goal is to make cryptocurrencies more efficient for everyday payments. Terra’s native cryptocurrency, LUNA, is used as a stabilizing mechanism for Terra stablecoins. It works so that an increase in adoption for these stablecoins translates to a higher value for LUNA. As the adoption of Terra stablecoins grows, there is no doubt that LUNA is a top cryptocurrency worth buying in the crypto market recovery.
Check Out: Terra (LUNA) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Avalanche
Avalanche is a smart contracts platform that was developed in 2020 and quickly gained traction all through 2021. Avalanche is known for its many advantages over earlier generation platform blockchains. These advantages include security, low transaction costs, and, most importantly, the ability to scale. Avalanche can handle up to 4500 transactions per second and easily do so without lags on the network. With adoption on a growth trajectory, Avalanche is one of the best cryptocurrency to watch, as the broader crypto market starts to recover.
Read Also: Avalanche (AVAX) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Solana
Solana is a platform blockchain that boasts of some of the fastest transaction speeds. Since it shot to prominence in 2021, Solana has emerged as one of the most critical blockchains in DeFi and NFTs. As adoption grows, Solana is another top crypto positioned for growth as the market recovers.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polkadot
With its layered architecture, Polkadot can support 100 parachains – a unique feature that allows different blockchains to interact seamlessly. The idea is to ensure that decentralized applications can scale limitless, making them practical for everyday applications. Given Polkadot’s strong use case and growing investor interest, it makes sense to buy a top cryptocurrency like Polkadot as the market recovers.
Check Out: Polkadot (DOT) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Binance Coin
Binance Coin has been a top 10 cryptocurrency by market capitalization for a while now, and it is not without reason. Binance Coin is the cryptocurrency that is used to pay fees on Binance, the world’s largest cryptocurrency exchange. Since those who choose to use Binance Coin get a discount on their trades, BNB adoption has been quite strong over the years. Besides, Binance Coin is designed to be deflationary, and every quarter, hundreds of millions of dollars worth of BNB are burned. These factors point to BNB as a strong cryptocurrency to consider buying when the market recovery.
Read Also: Binance Coin (BNB) Price Predictions
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano
If you are looking for a top cryptocurrency to buy now that the market is starting to recover, Cardano is one of the best. Cardano uses a Proof-of-Stake consensus mechanism. While there are many Proof-of-Stake cryptocurrencies out there, Cardano is one of the few that boasts of a healthy balance between scalability, decentralization, and security. In late 2021, Cardano introduced smart contracts, and since then, has been getting a lot of attention from Dapps developers.
Check Out: Cardano (ADA) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
XRP
XRP is indeed one of the top 10 cryptocurrency that is focused on the cross-border payments market. Over the last two years, XRP has underperformed the broader market due to the SEC case against Ripple. However, most analysts are increasingly bullish that the case could go Ripple’s way. This could boost XRP’s price and makes XRP one of the top cryptocurrencies to buy in the market recovery.
Don't Miss: Ripple (XRP) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polygon
Polygon is an Ethereum layer-2 scaling solution. Once the transition to Ethereum 2.0 is complete, Ethereum will rely more on solutions like Polygon to take the load off the main chain. Now that the testnet merge of Eth and Eth 2.0 is successful, the full transition to Eth 2.0 is expected pretty soon. The move will trigger a lot of Polygon activity and make it a top 10 cryptocurrency to watch as the market recovers.
Read Also: Polygon (MATIC) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Chainlink
Chainlink is the blockchain that allows smart contracts to utilize external data. Essentially, Chainlink is the cryptocurrency that gives smart contracts meaning, especially in the payments space. Thanks to the importance of its function, Chainlink continues to grow in adoption. By virtue of its strategic role in the entire crypto market, LINK is a top cryptocurrency worth keeping an eye on during the market recovery.
Check Out: Chainlink (LINK) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Open an account with eToro, deposit some funds with USD, and finally – buy cryptocurrencies for just $10.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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