Here are the best sharding cryptocurrencies to invest in

Sharding is a technology in the blockchain industry that helps to supercharge the performance of applications. It solves the scalability challenge by splitting blocks into smaller ones known as shards. By so doing, the developers hope to boost its speeds and throughput. Here are some of the top sharding crypto to invest in.

Polkadot (DOT)

Polkadot (DOT/USD) is a leading blockchain project that enables developers to build high-performing and interoperable projects. The foundation of this project is known as the Relay Chain, which helps apps communicate regardless of their technology. Another important feature is known as parachain, which is an independent app with its own cryptocurrency. 

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Polkadot price has been in a strong bullish trend after it bottomed at $14 in February. It has risen to about $22 and there is a likelihood that it will do well in the future as its ecosystem grows. It remains above the 25-day and 50-day moving averages and is attempting to move above the important resistance at $23.20.

Near Protocol (NEAR)

Near (NEAR/USD) Protocol is another blockchain project that has embraced the concept of sharding. It is a fast-growing network that started to implement its Nightshade sharding upgrade in November last year. The developers are now hoping to complete the entire migration in the coming months.

Near is also growing by attracting developers. For example, according to DeFi Llama, it has a total value locked of over $203 million. Some of the top apps in its network are Ref Finance and Meta Pool. At the same time, the total market cap of the NEAR token has risen to $8.82 billion. 

The NEAR price has also recovered and is approaching the important resistance at $13.97, which was the highest level on February 7th. Therefore, the coin will likely keep rising.

Elrond (EGLD)

Elrond (EGLD/USD) is another sharded blockchain project. It was built with the inspiration of Zilliqa, which was among the first projects to embrace sharding. In the past few months, the Elrond ecosystem has been growing rapidly. For example, the developers acquired Utrust, a web3 payment company. They also bought Truspay in a bid to grow its payment ecosystem. As a result, the market cap of EGLD has jumped to over $4.4 billion.

The Elrond price has been in a bullish trend as well. It also remains slightly above the short and longer-term moving averages and there is a likelihood it will rise to $250 soon.

Where to buy right now

To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:

1. Etoro, trusted by over 13m users worldwide. Register here >
2. bitFlyer, simple, easy to use and regulated. Register here >

*Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.