7 Best Cryptocurrencies to Buy Right Now

They say you shouldn't invest in the stock market if you can't handle losing 20% or more of your money. There isn't yet a metric for how risk-averse one must be to invest in cryptocurrencies successfully, but it's safe to say that digital assets make the stock market's roller-coaster gyrations look like a teacup ride. In 2022, crypto has been plummeting, with particularly sharp drops in May, when Bitcoin (BTC) fell below $26,000 amid rising interest rates, and the stablecoin market was rocked by the collapse of TerraUSD (UST). Even the cryptocurrency market's 45 percent year-to-date drop through May 12 isn't unprecedented; volatility is a trademark of the immature business. Still, with greater danger comes greater reward.
Bitcoin, the world's most popular cryptocurrency, is suffering from the same problems as the rest of the industry. Bitcoin has historically been less volatile than the broader market, and while that has held true so far in 2022, it's small consolation for BTC investors who are down 39 percent year to date through May 12 when the whole market is down more than 45 percent. Despite an indisputably bullish piece of news from Fidelity Investments in late April, Bitcoin has recently fallen. The nation's largest retirement plan provider stated that, if their employers agree, 401(k) investors will be able to buy Bitcoin directly in their accounts. Fidelity manages the retirement plans of over 23,000 employers, representing a market worth more than $20 billion.
Ether, or ETH, is the Ethereum blockchain's native coin. Following an all-time high of $4,891.70 in November 2020, the world's second-largest cryptocurrency has returned to earth, bouncing around the $3,000 level until plummeting below $2,000 in the recent sell-off. Ethereum, the world's most widely used blockchain, pioneered the concept of decentralized finance, or DeFi — a revolutionary new financial system that eliminates traditional intermediaries and middlemen such as banks, brokers, and centralized exchanges. Despite the fact that a number of upstart competitors are vying for Ethereum's top position, Ether is one of the greatest cryptocurrencies to buy right now, not only because of its widespread usage, but also because of the forthcoming "The Merge."