- Ethereum (ETH-USD): Set to explode with Merge upgrade this summer
- BNB (BNB-USD): Underlies the world’s largest exchange and a growing blockchain ecosystem
- XRP (XRP-USD): ISO 20022 compliant and ready to boom as SEC suit closes
- Terra (LUNA-USD): A robust stablecoin offering supplements a fast-growing ecosystem
- Cardano (ADA-USD): A layer-1 protocol with a rapidly expanding dapp offering
- Chainlink (LINK-USD): Blockchain oracle network for Web 3.0
- Bitcoin (BTC-USD): Why settle for a substitute?
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The crypto market has had an uneasy first quarter. Coins and tokens have fallen and risen at breakneck speeds. In large part, this is thanks to regulations creeping into reality within the biggest global powers. The United States, European Union, India, Russia — all are slowly working crypto policy up the ladder.
At first, this makes for a nervous market. What will these policies ultimately look like, and how will they affect trading within national borders and abroad? Slowly, we’re starting to get the bigger picture, and while there have been some less-than-savory proposals passed through legislative bodies, it looks like these countries are preparing for an unstoppable future of crypto adoption.
The slow-but-sure insights into crypto policy must be easing investors’ minds; the market is picking up in recent weeks. In the past month, Bitcoin has been able to add thousands of dollars to its value. Moreover, altcoins in spaces like the metaverse and Web 3.0 appear to be taking off, and DeFi networks are seeing influxes of capital.
One project that has gotten a lot of attention recently is Dogecoin (DOGE-USD). The meme coin is booming, thanks in large part to its association with Elon Musk. Musk’s significant new stake in Twitter (NYSE:TWTR) stock is helping to bolster DOGE prices. However, is this really a reason to buy? There are tons of projects out there with much more significant catalysts than this, and with offerings more robust. Consider these cryptos to buy to beat Dogecoin.
Cryptos to Buy: Ethereum (ETH-USD)
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Ethereum is one of the best bets when it comes to investing in a future dominated by blockchain technology. It boasts one of the most robust ecosystems in the world; with thousands of decentralized apps (dapps), Ethereum is one of the most popular havens for developers with a cutting-edge idea.
But beyond its fundamental strength thus far, there’s a major catalyst for ETH on the horizon by way of the Merge. This coming upgrade will see Ethereum’s chain merge with a beacon chain holding all of the major new features investors have been waiting on for months now.
Several notable features will hit the Ethereum main network when the Merge occurs this summer. One of these is sharding; the tech will allow the network to break blocks of data into chunks to distribute across multiple nodes. As a result, transaction speeds will fly upward and gas fees will drop significantly. The Merge will also implement a proof-of-stake consensus mechanism. The will replace the current proof-of-work mechanism, eliminating mining from the network and leading to a more energy-efficient ecosystem.
BNB (BNB-USD)
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Binance’s BNB coin is one of the best cryptos to buy right now for two reasons. The first reason is the sheer size of the exchange the coin underlies. Binance is the largest exchange in the world by volume. Just in the last 24 hours, the Binance exchange has seen over $24 billion in crypto assets change hands on its platform. That’s over five times the volume of the next largest exchange.
Binance’s exchange also enables one of the most popular crypto staking opportunities on the market. The company offers locked and DeFi staking for some of the most popular cryptocurrencies in the world. And, these pools offer some very appealing annual percentage yields (APYs). Staking assets on Binance can yield anywhere from 10% to 25% — or even higher.
The second reason BNB is a smart crypto to invest in is because of the growing BNB Chain network. Formerly the Binance Smart Chain, BNB is one of the biggest threats to Ethereum’s dominance over the industry. The network has over 800 dapps already, and $16 billion in assets locked onto the chain
Cryptos to Buy: XRP (XRP-USD)
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The Ripple network has had a rough 16 months, but XRP is staying strong. Even while parent company Ripple has been locked in a heated courtroom battle with the U.S. Securities and Exchange Commission (SEC), the XRP crypto has refused to drop from the top 10 largest digital currencies in the world. In fact, the coin’s notoriety has only increased.
In December 2020, the SEC decided to sue Ripple, alleging that its initial coin offering was an unregistered…
Read More: 7 Cryptos to Buy That Are Better Than DOGE