The best cryptocurrencies to invest in are aplenty and they are a wise hedge against unexpected swings in the financial market these days.
Cryptos, like cash, can be used to buy anything, but it also has the benefit of being a high-yielding investment.
However, because of the volatility of cryptocurrencies, it’s vital to understand what you’re getting into before investing.
Here are our Top 5 suggestions for the hottest new cryptocurrencies to invest in.
Polygon (MATIC) – For Massive Scalability
Polygon (MATIC) is an Ethereum Layer 2 scaling solution. It also serves as a platform for creating and connecting Ethereum blockchain networks.
MATIC lowers transaction rates on the Ethereum network while dramatically enhancing transaction speed.
Polygon’s scalability focus makes it so appealing for decentralized Ethereum blockchain applications.
MATIC is currently trading at $1.4395 with a market capitalization of $10.76 billion as it continues to flourish in the market.
Related Article | TA: Bitcoin Reverse Losses, But Why $40K Still Is The Key
Decentraland (MANA) – Most Affordable Crypto To Access The Metaverse
Decentraland differs from other virtual worlds in that, except for roads and plazas, all LAND areas may be owned, sold, and developed by the game’s players.
MANA is Decentraland’s native cryptocurrency, and it is used to buy land parcels (LAND tokens), avatars, wearables, and other things on the platform’s marketplace.
MANA is currently trading at $2.60 with a trading volume of $1.5 billion and has increased by 175% since last year.
Total crypto market cap at $1.725 trillion in the daily chart | Source: TradingView.com
Stellar (XLM) – New And Exciting Crypto Payments System
The stellar blockchain can process between 1000 and 5000 transactions per second.
This distinguishes it as a formidable rival to centralized payment systems, a point that will increase its value as more people accept crypto payments.
One of the advantages of investing in XLM is its use as a currency. This means that investors can create tokens and even decentralized exchanges on this blockchain.
Because XLM is the native cryptocurrency of the stellar blockchain, it will always be valuable. The decentralized exchange is a key element driving the long-term value of Stellar.
XLM is currently trading at $0.181253 with a circulating supply of $24.9 billion.
Related Article | Cardano Whales Devour Dip, Why They Don’t Care About Price Action
Curve (CRV) – Most Preferred Crypto For DeFi Exposure
Curve (CRV) is a platform for Stablecoins that uses an Automated Market Maker to manage liquidity.
The platform has been designed to have less slippage and an affordable charge. Assets can be automatically and without authorization traded.
It’s among the preferred cryptocurrencies to invest in, especially when it comes to DeFi.
Because it is a non-custodial network, users retain complete ownership over their tokens. Curve relies on liquidity pools and rewards users who contribute to them.
CRV is currently trading at $2.26. It has a diluted market capitalization of $7.4 billion globally.
Lucky Block (LBLOCK) – Hottest New Crypto With Strong Potential
Lucky Block is a blockchain-based crypto-lottery platform that aims to improve the lottery experience for all participants.
Lucky Block’s goal is to eliminate all obstacles in order to establish a “global lottery” in which all contestants have a higher chance of winning a jackpot than traditional lottery systems.
The lottery is made possible via the platform’s native coin, LBLOCK.
LBLOCK is currently trading at $0.00512. It is still substantially flexible and can produce bullish trends in the long run.
Featured image Liquid Blog, chart from TradingView.com
Source: https://www.newsbtc.com/analysis/cryptocurrencies-to-invest-in/