Cryptocurrency has become a popular investment option due to its potential for high returns, but it's also a highly volatile and speculative market. It's crucial to conduct thorough research before investing in any cryptocurrency. Here are the top 5 cryptocurrencies that investors should consider buying and holding for the next bull run.
Ethereum (ETH) - With a market capitalization of over $213 billion, Ethereum is the second-largest cryptocurrency globally. Its blockchain technology allows developers to create decentralized applications and smart contracts, making it a highly sought-after cryptocurrency. Furthermore, the upcoming Ethereum 2.0 update is set to bring significant changes to the network, making it more efficient and scalable.
Bitcoin (BTC) - Bitcoin is the world's first and largest cryptocurrency, with a market capitalization of around $522 billion as of March 2023. Despite experiencing a recent dip, experts believe that Bitcoin still has strong growth potential, especially with more institutional investors entering the market.
Cardano (ADA) - Cardano is a cryptocurrency that has already gained significant traction. Its blockchain uses a proof-of-stake consensus mechanism that is more energy-efficient than Bitcoin's proof-of-work mechanism. Moreover, Cardano's blockchain enables developers to create decentralized applications and smart contracts, similar to Ethereum. As of March 2023, Cardano's market capitalization is around $12 billion. ADA currently presents a great opportunity for crypto enthusiasts since its all-time high was $3 in 2021 and many predict its price to increase over $6, which will give its investors x20 return or more.
Binance Coin (BNB) - Binance Coin is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency exchanges globally. Binance Coin has seen consistent growth and is one of the top cryptocurrencies by market capitalization, currently valued at over $8 billion. Furthermore, Binance has been investing heavily in expanding its ecosystem, which could drive the value of Binance Coin even higher.
Solana (SOL) - Solana is a new cryptocurrency that has gained significant attention due to its fast transaction speeds and low transaction fees. Its blockchain technology uses a proof-of-stake consensus mechanism that enables high throughput, making it an attractive option for decentralized applications. As of March 2023, Solana's market capitalization is around $8 billion.
It's important to note that cryptocurrency investment is highly speculative and can result in significant losses. Therefore, investors should conduct thorough research and only invest what they can afford to lose. Moreover, diversifying your investment portfolio is always advisable to minimize the risk of currency fluctuations.
So, here are the top five cryptocurrencies to buy and hold for the next bull run: Ethereum, Bitcoin, Cardano, Binance Coin, and Solana. Each cryptocurrency has unique features that make it an attractive investment option, but investors must conduct thorough research and invest wisely.
You can buy and HODL these cryptocurrencies here: Bybit (make your first deposit and get a $100 reward)
Top 5 Crypto Articles This Week:
- CFTC Sues Binance, CZ (Coindesk)
- Chinese State-Owned Banks Extend Crypto-Friendly Hand to Hong Kong Firms (Cryptonews)
- EU Lawmakers to Vote on Limited Ban on Self-Hosted Crypto Payments (Coindesk)
- From PayPal to Web3: Digital identity could play key role in unlocking mainstream adoption (Cointelegraph)
- MicroStrategy Acquires More Bitcoin Amid Market Recovery (Blockchain News)
Crypto Market Price Statistics (as of 03/28/2023):
- Cryptocurrency market cap: $1,1 trillion
- BTC dominance: 45,9%
- ETH dominance: 18,7%
- BTC Price: $26,980
Where to Buy Crypto:
Top Websites to Monitor Crypto Market:
- TradingView (A website that provides up-to-date information on the prices, market capitalizations, and trading volumes of various cryptocurrencies)
- CoinMarketCap (A platform for traders that offers real-time market data and charts for a wide range of financial instruments, including cryptocurrencies)
- Bybit (One of the best platforms for buying, selling, and HODLing cryptocurrency
- Publish0x (Earn crypto by reading articles and crypto news or by writing articles)
Don't forget to follow me on Twitter: Chain Chronicles
Thank you very much for reading Chain Chronicles!