Best Cryptos to Buy Now
When determining the
best cryptocurrencies to buy now, it's necessary to take into account the
current market cycle. Since earlier this year, the crypto market has been in a
bear market, which means that solid (blue-chip) crypto assets are now available
at a major discount.
Some of the largest
market cap coins and tokens have since dropped by more than 70% from their
prior all-time high, offering an attractive entry price for investors.
Bitcoin
(BTC) - Ranked #1
The oldest and most
well-known cryptocurrency is Bitcoin. If you are looking to increase Bitcoin
holdings, these are prices we haven’t seen in a long-time. Bitcoin is
considered to be the ‘blue-chip’ cryptocurrency and with only 21 million
Bitcoins ever to be created and the largest cryptocurrency by market
capitalization, it’s a good choice for first-time investors.
There is no market like
the cryptocurrency market.
This market has likely
created more millionaires than any other industry in the world (it's difficult
to tell since most transactions are anonymous, yet this industry has gone from
non-existent to over 2 trillion dollars in just 11 years).
It’s for this reason,
cryptocurrency investing has become one of the hottest trends in the last few
years and it will likely only continue to grow.
Many cryptocurrencies
have already created many multimillionaires and will likely continue to do so
for many years to come.
So, you may be
asking — What are the cryptocurrencies that could have made you a millionaire
and what are the lessons can we learn from them?
The
Week In Review
Both in the Top 100
cryptocurrencies (by market cap) and within the small market caps we are seeing
an increase in both the valuation and popularity of Web 3.0 projects. These are
projects which will help provide the infastructure to the next iteration of the
internet, most commonly referred to as Web3.
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