5 Cryptocurrencies I recommend you to Invest Right Now

Based on the pros and cons of buying crypto right now, we can see that it is indeed a good time to buy crypto. However, we must still approach the situation strategically. We need to think of what cryptocurrencies to buy and other extenuating factors.

The first thing to consider is the state of the market. The price of the cryptocurrencies may go lower before they get higher. All short-term gains need to be set aside for a while. You will need to focus more on crypto assets that have good long-term prospects so you can wait for when the price of the assets rises again.

• Ethereum (ETH)

Ethereum is already a popular coin and one recommended for beginners and has become even more formidable with its upgrade to Ethereum 2.0. This upgraded version can manage up to 100,000 per second, reducing the congest the previous version created with only 30 transactions per second.

The metaverse boom has also boosted Ethereum. This support is because of the widespread adoption of its blockchain and capacity for smart contracts. Over time, as the metaverse grows, so will Ethereum.

With all of these benefits, Ethereum will last through this period and emerge stronger once the prices rise. It is one of the best choices.

• Binance Smart Chain Coin (BNB)

Binance Coin was launched in July 2017 with an initial coin offering (ICO). During the ICO, Binance tokens were distributed among various participants, including angel investors and the Binance founding team.

Like Ethereum, Binance Smart Chain (BSC) can host smart contracts in the developing world of DeFi, which can replace centralized authorities. BSC launched in September 2020, just over two years ago. Binance CEO CZ Zhao attributes the blockchain's rapid rise to its "low fees that attract more users and projects". Therefore, BSC is much cheaper and faster than the Ethereum network.

• Cardano(ADA)

Cardano is already predicted to begin its ascent into higher, more stable prices by the end of 2022. It is relatively cheaper than other coins already, primarily because it is still a new coin.

For cautious investors who can withstand the volatility, Cardano might be a smart investment. Cardano has a lot of potential as blockchain technology as well, diversifying its utility. It is also environmentally benign and has numerous uses, such as DeFi and NFTs.

These qualities make Cardano the best option for traders who like a little versatility in their trades.

• Avalanche(AVAX)

Avalanche lands a spot on this list for outperforming BTC and ETH with a bullish performance of 3100%. This lands it a spot in the top 10 assets by market cap list.

Although predictions are never 100% accurate, it is a great sign for long-term growth to observe.

• Chainlink (LINK)

Chainlink is the pioneer of decentralized oracle networks. Bitcoin and Chainlink are blockchain technologies which are extremely different. Bitcoin is seen more as a transactional currency while LINK powers the network of Chainlink. In consideration of an investment in the near future, LINK could be a better investment for investors who have a relatively smaller capital. Investment in LINK in the early days of 2021 saw Grayscale (the largest digital assets management firm) record more than 41% in gains in less than 3 months.