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After a strong surge in 2021, investors saw a quick profit booking in 2022, which resulted in 2022 not being a healthy year for crypto assets (yet). On June 13, 2022, Bitcoin, the cryptocurrency with the most significant market capitalisation, closed at about $20,000, its lowest level since December 2020.
With such market chaos, one might be in a fix on whether to invest or not in crypto coins. Worse yet, the Bitcoin market is constantly shifting. Investors’ interests change, infrastructure changes, and a coin might surge to the top one day and disappear the next.
In such a situation, you might be wondering which is the best coin to buy now for booking huge profits in the future. As the month enters its third week, we have the best five coins one can invest in 2022 for assured profit return.
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Top 5 Coins to Buy Now for Huge Profit
The coins discussed below are the finest crypto coins to invest in because of their broad appeal and potential for value growth. Let’s take a closer look at these cryptocurrencies to understand why they’re such valuable assets.
1. Ethereum (ETH)
Ethereum and its native token, Ether, made their debut in 2015. Cryptocurrencies like Ethereum have been hit hard by the market. On the other hand, the blockchain network has exhibited hopeful signals of a bull market. The rate at which the Bitcoin is depreciating is slowing. It could be the finest opportunity to invest in the bear market right now.
While other blockchain networks are limited in their services, Ethereum (ETH) provides its users with a complete financial environment. The majority of cryptocurrencies use the Ethereum blockchain.
Ethereum (ETH), according to crypto analysts seen as a safer long-term investment due to its prominence in the crypto industry. According to CoinMarketCap, the price of ETH has decreased 32 per cent in the last seven days.
The blockchain’s move from proof-of-work to proof-of-stake, a consensus mechanism for validating transactions that drastically reduce transaction costs for Ethereum users, is the medium-term driver for ETH. This event, once known as Ethereum 2.0 and now known as “The Merge,” is almost expected to increase the popularity of the world’s most widely used blockchain.
If you buy Ethereum before the bull market begins, you will be able to get a significant return on your investment.
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2. Binance Coin (BNB)
In 2022, BNB is another cryptocurrency to keep an eye on. Binance, by trading volume, is the world’s largest cryptocurrency exchange in terms of trading volume and user base. BNB, the crypto exchange’s native token, helps consumers pay fewer commissions on their transactions.
The growth of the exchange’s native BNB token has been spurred by its status as a constant name in the sector. BNB is currently trading at $224.99, down by approximately 30% over the last month. According to the Financial Express, the crypto’s value has dropped by 11.07 per cent in the past 48 hours and 13.75 per cent in the last week.
This comes just a month after the previous crypto crash, which had a detrimental impact on the crypto giant’s market capitalisation. Despite this, Binance Coin (BNB) has remained a popular cryptocurrency, consistently ranking among the top ten most valuable cryptocurrencies on CoinMarketCap.
There are numerous reasons to purchase Binance Coin. Binance has continued to expand and recently announced closing a $500 million fund to invest in decentralised finance (DeFi) and game-based finance (GameFi) startups. BNB bills itself as the premier crypto exchange in many nations, with a wide range of services in several fields. It also had a sharp financial growth in value at the start of 2021, piquing the curiosity of active crypto investors.
Binance is investing in the future of Web3 while many of its competitors are scaling back. We believe this will enhance the company’s market position over time, resulting in even more significant advantages for BNB. Although BNB is currently in turmoil, it still has much potential to recover and become a solid financial investment.
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3. Solana
Solana (SOL) could be the key to reviving your bear market portfolio. Solana uses the permissionless properties of blockchain technology to deliver decentralised financing. Since its inception, this cryptocurrency has climbed significantly and continues to do so.
Like most cryptocurrencies, the bear market has impacted Solana. However, the crypto behemoth’s recent data reveals incredibly encouraging signals of resurgence. According to CoinMarketCap, Solana has declined 25.18 per cent in the last seven days but has risen 7 per cent in the previous 24 hours. This indicates that Solana may be amidst a bull market.
The SOL coin is anticipated to reach enormous heights of 100s of dollar per coin this year, according to Solana’s (SOL) own price estimate. Due to the bear market, it is currently trading at USD 29.35. These price forecasts demonstrate the coin’s potential this year.
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4. Dogecoin (DOGE)
Dogecoin was created by Jackson Palmer and Billy Markus. It is a decentralised peer-to-peer digital token that initially appeared in 2013 and grew in popularity during the 2017-2018 crypto boom.
The goal of Dogecoin (DOGE) was to develop a low-cost, open-source alternative to Bitcoin (BTC). DOGE has been adapted to various blockchains, but its primary blockchain is the Binance Smart Chain, which offers low transaction fees, quick transaction processing, and scalability. Although it has been there since its inception, it has proven to be just as adaptive as Ethereum (ETH) and Solana (SOL).
Meanwhile, the Dogecoin protocol offers developers nearly infinite possibilities. Dogecoin is the best-undervalued cryptocurrency to buy in for 2022 growth potential. It was one of the most popular cryptos to buy last year. Elon Musk, after all, routinely tweeted encouraging things about it, supporting the meme coin in reaching significant returns.
As Dogecoin comes under the category of shitcoins/memecoins, we suggest investing only a small part of your portfolio on this crypto.
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5. MUSHE (XMU)
For our final coin, we wish to list Mushe Token. It may be a good alternative if you are looking for a coin with a low-risk factor. Mushe is a new decentralised financial token that started its presale on April 18, 2022.
The newly launched project sets itself apart from the competition by seeking to expedite the benefits and adoption of cryptocurrencies by creating a level playing field for everyday users.
It works around the concept that decentralisation is the key to advancing and equipping a worldwide population with opportunity, understanding, and reward in moving Web3, cryptocurrencies, and the unification of ethically sustainable decisions. Mushe lets users navigate the crypto market by allowing them to buy, hold, and swap tokens and NFTs.
Mushe aims to promote financial agility and eliminate barriers to simplicity, allowing for a steady supply of seamless cryptocurrency interaction. Rather than focusing on the industry’s volatility, it will develop an integrated solution that will seamlessly integrate various forms of fiat and cryptocurrency transactions.
Mushe has established itself in the Metaverse as well. In their Metaverse ecosystem, Mushe Verse, for example, is a place for investors to socialise and participate in play-to-earn.
Even though the Mushe Ecosystem is new to the crypto sphere, it has gained a lot of attention due to its variety of investment choices. Mushe DeFi, however, is particularly impressive since it allows investors to participate in XMU lotteries, vote, and reward programmes.
Update 2024 – Going forward, the only cryptocurrencies eToro customers in the United States will be able to trade on the platform will be Bitcoin, Bitcoin Cash and Ethereum.
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Best Coins To Invest In…But With Caution
Take note that though you may be interested in investing in Bitcoin, NFTs and Metaverse, always proceed with caution. Many market analysts believe that this new business would be dominated by a small number of competitors.
Thus at times when the market is volatile, it is essential to make intelligent decisions, our list of top five coins and their analysis will help you choose the best coin to invest in for a profitable future return.
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