The crypto market is smoking hot once again, and investors are in a rush to know which are the best cryptocurrencies to buy right now. Digital currencies have marked their presence in the market with advancements in technology.
Today, there are several cryptocurrencies and exchange platforms in the market, which baffles investors. Deciding which crypto to invest in is not an easy cakewalk. Instead, it needs much contemplation and deliberation.
Best Cryptocurrencies To Buy Right Now As A Future Investment
We have compiled a list of 3 top cryptocurrencies that have the potential to secure you a wealthy future. These three coins have secured their place in the list of best cryptos to buy now with their current trends and price.
Best Cryptocurrency To Buy Right Now #1: Bitcoin (BTC)
Bitcoin is never out of the game. For several years, Bitcoin has topped the list of best cryptocurrencies to buy and can be the best in the coming decades. With a market cap of around $1,615,878,298,457 currently and hitting an all-time high of $58,330.57 as of February 21, 2021, Bitcoin is again hitting the investor’s favourite list. Bitcoin has a circulating supply of 18,635,656 BTC coins and a maximum supply of 21,000,000 BTC coins altogether.
Bitcoin provides high liquidity between smaller altcoins, which is yet another addition to its list of benefits. Based on the market capitalization and amount of data stored on its blockchain, Bitcoin is the largest cryptocurrency in the market today. The bitcoin market has a steady growth as new coins are mined every 10 minutes by Bitcoin miners. This helps the BTC ecosystem to maintain its network by adding new transaction data to the blockchain.
The reason for Bitcoin’s popularity also depends on the changes in the Bitcoin ecosystem. It enables the implementation in decentralized applications and various e-commerce platforms by harnessing the Lighting Network. Bitcoin is the best crypto to buy right now as it has a high level of corporate interest today. Apart from investment from MicroStrategy, the EV carmaker Tesla has invested $1.5 billion in Bitcoin, which makes it a feasible option for investors.
#2: Ethereum (ETH)
Even though Ethereum came after Bitcoin, ETH is known for its prolific combination of widespread usage, technological superiority, and safety. Ethereum is not merely a digital currency but also a platform for various other cryptocurrency exchanges. Thanks to its advanced technology and its ability to create smart contracts, ETH is one of the best cryptocurrencies to buy right now, with good future potential. The current market cap of ETH is around $1,555,715,617,835 USD. Ethereum also had an all-time high hit of $2,036.29 on February 20, 2021.
The ETH blockchain system can approve or even delay transactions based on real-world events, making it popular among investors today. In addition to this, the transaction of Ether, the cryptocurrency of Ethereum blockchain, is faster than Bitcoin and just takes 15 seconds to clear. Ethereum’s all-time goal is to be a global platform for decentralized applications. This will further allow users worldwide to write and run software that is resistant to fraud, downtime, and censorship.
Ethereum’s speed and blockchain technology make it useful for real-time use and do not remain a mere store of value. Today, most decentralized applications are based on Ethereum, accounting for the highest percentage of the total funds staked in the DeFi projects. The next biggest advancement that investors are looking forward to is its shift to Proof-of-Stake from Proof-of-Work consensus algorithm, which will make transactions faster and more secure.
#3: Cardano (ADA)
Pioneered by an adept team of academics and engineers, Cardano is the largest third-generation cryptocurrency up to date. Designed with a unique approach, especially in scaling and securing a blockchain technology, Cardano improves on its predecessors. It already has a Proof-of-Stake mechanism and is an advanced platform like Ethereum. Also, with its scalability, ADA is faster than Bitcoin.
Cardano has plenty of space for growth and high potential in the coming years, making it one of the best cryptocurrencies to buy right now. The purported goal of Cardano is to become the financial operating system of the world in the future. It will achieve this by establishing decentralized financial products and providing quality solutions for voter fraud, chain interoperability, and legal contract tracing.
Cardano has seen a 766% rise over the past three months and holds a tangible reason for this growth. The reason is nothing but Cardano’s three major projects. First and foremost is the launch of Shelley. It was intended to increase the number of nodes that network participants run. Second comes the Goguen update, which is expected to appeal to a larger audience of users. This can even be used by people who have significantly less understanding of blockchain technology. Last but not least, is the expected lift from digital trust management companies. For instance, Greyscale recently added a Cardano Trust. All these add up to Cardano’s popularity among investors and why it is the best buy today.
Read Also: Why Cardano Is Going To Explode In 2021
Best Cryptocurrency To Buy Right Now: The Bottom Line
The crypto market is brimming with opportunities for investors to secure a wealthy future ahead. But what investors should be aware of is its volatile nature. If you are a fervent trader or an investor, it is always best to keep track of all the market caps, changes, trends, and updates about cryptocurrencies and then decide where to invest. It happens in the fullness of time and not in a rush. With detailed research and comparing other factors, the following cryptos mentioned are the best cryptocurrencies to buy right now for a bright future ahead.
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Virtual currencies are highly volatile. Your capital is at risk.