Best Cryptocurrencies to Buy Right Now

For folk looking to invest in cryptocurrency, it can be tricky to choose the right cryptocurrency token. 

The cryptocurrency market is as likely to boom as it is to combust. Therefore making the right choice is key to whether or not you will make a loss as an investor. 

When buying cryptocurrency, there are several factors to be considered. You cannot simply invest due to idle speculation. 

Just as well, it would be silly to invest in certain obscure coins that your close circles speculate will rise in value in the immediate future.

Despite the cryptocurrency market’s volatility, there are some coins that we have recently researched and concluded on their mid, short, and long-term profit margins. Some of these coins may not be the most well-known, but they are guaranteed substantial yield.

This article will discuss some of these coins and why you should be investing in them

Best Cryptocurrencies to Buy Right Now


Bitcoin

Our first recommendation should be the least surprising. After all, the value of Bitcoin has risen exponentially since its debut in 2009. 

It has surged to even greater heights recently, spurred on by the launch of The Proshares Bitcoin Strategy ETF, a Bitcoin-oriented exchange platform.

Having started trading on the 19th of October, 2021, the speculation, attention, and excitement all combined to drive BTC to well over $60k in just 24 hours. 

Another reason you should buy Bitcoin is that it is the first cryptocurrency. As the original crypto, its status is near-certainty that no altcoin will ever top it in terms of financial value. 

Bitcoin has a maximum supply of 21 million, and several big companies continue to buy into the potentials of the cryptocurrency. It is expensive now, but if you can buy it, you just might be staring at 200% profit in the coming years.


Ethereum 

Our next recommended coin to buy is the number one altcoin, Ethereum. If Bitcoin introduced the idea of a block-based, self-validating, consensus-based payment system, then Ethereum added decentralized finance to the mix. 

Other than Bitcoin, Ethereum is the only other coin worthy of the blue-chip title. Bitcoin takes nearly half at 43% of the entire cryptocurrency market cap, while Ethereum takes almost 20%. 

This is significant, given the fact that there are hundreds of other tokens in the market.

To put this into context, the next coin on the list has less than 4% of the market cap. Ethereum is great crypto to buy now because it has exceeded the original ideals and limitations of Bitcoins, providing developers with a way of building decentralized apps on the blockchain. 

Ethereum is the crypto of the future, as all of the next-gen blockchain technologies like non-fungible tokens are specially built to function on its blockchain. 


Solana

Although several cryptocurrencies have risen from their ruins in 2021, so to speak, Solana’s rise has been the most remarkable. The token started out in 2021 with only 0.01% of the total market cap. Subsequently, it rose, in impressive fashion, until it broke into the top 10 in September.

In fact, Solana would be in the top 5 if one were to exclude stable coins, whose values are dependent on the fiat currency they are pegged to. 

Like Ethereum, Solana facilitates the creation of decentralized apps. It then goes one better by offering better speeds. 

In addition, Solana has much lower transaction fees than Ethereum and offers a higher level of scalability. 


Litecoin

Litecoin is one of the most popular altcoins on the cryptocurrency market. As an investor, you should buy Litecoin because of the multiple advantages it has over its competitors. 

Compared to other coins, Litecoin has low transaction costs, meaning that you will lose fewer coins to fees when you make trades, withdrawals, and deposits. In addition, Litecoin has better speeds compared to big cryptos like Bitcoin. 

Litecoin is an open-source platform, allowing much more network flexibility than Bitcoin. With a market cap of $15.2 billion, Litecoin is well placed to rise even further in value in the future. 


Conclusion

You can learn more about the potentials of cryptocurrency outside of finance here. In the meantime, you should be wary of new and obscure coins, as many of them are likely to combust.

For instance, recently, the creators of a so-called Squid Coin that collapsed in a short time made off with the funds of people who’d invested in them. So when it comes to cryptocurrency, you cannot be careful enough. 

Read more and get informed well before buying or investing in cryptocurrency.


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