Financial markets have been in turmoil in the first few months of 2022. This makes it difficult to choose which investments are best in this constantly changing market. Here are seven of the best types of Cryptocurrencies that you can invest in amid this volatile financial market. So, stay tuned for more precise content.
Bitcoin (BTC)
Storing a part of your Cryptocurrency allocation in Bitcoin is a very safe way to keep your investments safe, especially in this climate. None of the Cryptocurrencies should be considered safe harbor investments, but Bitcoin is the closest you can get to blue-chip Cryptocurrencies. Bitcoin’s dominance over the market has grown from 42% to 43.1% through the last month’s chaos. You can trade in Bitcoin and earn profits on sites like Bitcoin Profit.
Ether (ETH)
Ethereum ranks just below Bitcoin in all the Cryptocurrencies. These are the two must-own Cryptos as both of them dominated the financial market from the beginning when they were released. The Ethereum network was developed to enable Smart Contracts and Decentralized Finance. However, the downside to Ethereum is the high gas fee when completing a transaction, but developers are working consistently to bring a cheaper and more energy-efficient Ethereum 2.0 forward.
Solana (SOL)
This Cryptocurrency was developed to aid in powering Defi (Decentralized Finance) uses and enabling Decentralized Apps (DApps) and Smart Contracts. The Crypto runs on a unique hybrid of the Proof-Of-History mechanisms that allow quick and secure transactions.
FTX Token (FTT)
The biggest Crypto exchange focuses on institutional trading and Cryptocurrency derivatives. It offers Swaps, Options, and Futures on some of the top Cryptocurrencies while charging a low fee.
Avalanche (AVAX)
Even though Ethereum is the dominant network in Smart Contracts and Def, other blockchains are also vying for some portion of that market. One of these blockchains is Avalanche. AVAX is one of the top-10 Cryptocurrency as per the market cap. This Cryptocurrency has grown more than 2,700% since the start of 2021 from a range of $3 to now $90.
Binance Coin (BNB)
Binance Coin is the native currency of the world’s largest Cryptocurrency exchange, Binance. Binance has many decentralized projects that might in the future make it a contender to the top dogs like Bitcoin and Ethereum. Recent data shows that BNB’s trading volume is at $22.1 billion.
Uniswap (UNI)
The last suggestion on the list of the best Cryptocurrencies to invest in is Uniswap. It is the governance token of the world’s largest decentralized exchange, which has about one-third of the market’s trading volume. This makes UNI a lucrative and emerging Cryptocurrency. Even though Uniswap is not even in the top 20 tokens today, the brand carries an advantage with itself, and early movers have that in the DEX market.
All of these were the best investments in the Cryptocurrency market today to help you figure out your choice of investment. This decision should be based on your risk tolerance and your trading strategy.
