3 Of The Best Crypto To Buy Now
To a large extent in 2022, cryptocurrencies as an asset class have been a sort of high-beta version of the stock market: when equities go up, crypto goes up more, and vice versa. Regrettably, stock prices have not increased: All three major indices (S&P 500, Dow Jones Industrial Average, and Nasdaq) had entered bear markets before September’s end.
The S&P 500 had lost 24.8% for 2022 at the beginning of the fourth quarter, while the tech-heavy Nasdaq had lost 32.4%. During that time, the value of cryptocurrency had plunged by a staggering 56.6%. The positive news is that digital assets showed hints of resiliency in September, dropping only 3.1%, while the stock market fell 9.3%. Cryptocurrency prices have a history of extreme swings, and further increases in interest rates are virtually guaranteed. Contrarians who can stomach the potential downsides may consider getting into the cryptocurrency market this October. We are listing down three of the best crypto to buy now, have it a read and decide for yourself what is best of you.
1. Solana (SOL):
Solana is an Ethereum-like blockchain with a thriving user and developer community, another industry pillar in the Defi sphere. Solana’s key benefit over its larger opponent is its drastically reduced fee structure, even though it is even easier to build for than Ethereum.
Solana’s fees are already meager compared to Ethereum’s steep transaction tax, even if Ethereum has the plan to cut transaction fees, also known as Ethereum gas fees. Solana has a head start until Ethereum significantly lowers fees, which is not likely until at least 2023. The current price of a single Solana coin is about $34, significantly increasing over its 52-week low of $26.06 but a massive drop from its 52-week high of $260.0.
2. Bitcoin (BTC):
To explore the oceans of the cryptocurrency market, Bitcoin is the starting point for everyone. BTC has the most solid track record and the finest brand name in its asset class because it was both the first cryptocurrency and the one with the largest market capitalization. Bitcoin is not part of a larger ecosystem or decentralized financial network like the others on this list.
There will only ever be a total of 21,000,000 BTC created, with around 19.2,000,000 now in circulation; this makes BTC a form of digital gold or an alternative global currency. Its value, like any currency, is based on the extent to which its holders believe in its legitimacy; however, unlike the ever-growing value of the U.S. dollar, its supply can never be controlled. The most excellent future driver for Bitcoin may be the increasing use of cryptocurrency, particularly diversifying corporate coffers.
3. Avalanche (AVAX):
The AVAX token is the native currency of the Avalanche blockchain, which boasts of being the world’s fastest smart-contracts platform. Eventually, Avalanche would like its platform to be as ubiquitous in the cryptocurrency industry as Amazon’s is in the traditional one. AWS, short for Amazon Web Services, is a part of Amazon.com Inc. (ticker: AMZN) and is the largest cloud computing firm in the world.
A lot of banks and multinational corporations utilize AWS to run their websites. Because every company will eventually want to create its blockchain, Avalanche plans to do the same for them. To help pave the way for this future, Avalanche has implemented a feature called subnets. A market cap of $5 billion may not seem like much in the stock market, but it places Avalanche in the top 20 virtual currencies. The 52-week price range for AVAX is $13.79 to $146.22. The stock is currently trading near $17.
Dogecoin Price Prediction 2022-2023:
When compared to other cryptocurrencies, Dogecoin had one of the best 2021s. Its value peaked in May and has since been steadily declining. Dogecoin’s creators are eager to introduce new use cases to increase the coin’s value proposition, so there are still many reasons to be hopeful about the coin’s future.
This guide will explore dodge price prediction for 2022 and 2023, emphasizing potential possibilities for the coin and telling you how to invest in DOGE today – with cheap trading fees.
Dogecoin’s price has been stable over the past month, at roughly $0.1192. Below is a high-level summary of our Dogecoin prediction for the coming years, which we hope will assist clarify the coin’s long-term prospects.
End of 2022 – There is still tremendous support for Dogecoin in online communities, despite its value dropping dramatically over the previous eight months. As a result, if retail trader’s band together to acquire DOGE, the cryptocurrency might rise to the $0.35 level by the year’s end.
End of 2023- Dogecoin will have widespread adoption due to its practical applications, such as online tipping. It is possible that by the end of 2023, the price of a Dogecoin will have reached $0.60 if the development team continues to add new use cases.