Top 10 Cryptocurrencies to Buy Before The Bull Run

Posted on by Doris Kyende
Estimated read time 5 min read
  • Currently, cryptocurrencies like Bitcoin and Ethereum are now dominating the financial world.
  • Bull run refers to prices that are rising or expected to rise in the market.

Many people are interested in making short-term money as well as making long-term investments over several coming years. Different cryptocurrencies have various functions and areas of application. Many are used as a means of payment. Others have a decentralized feature in them which is used by decentralized applications. Several major cryptocurrencies are investable as their value grows with time.

Cryptocurrencies have grown and gained popularity in the recent years, and this had made more people outside the crypto community to be interested. Let’s look at the top ten cryptocurrencies to buy.

1. Bitcoin (BTC)

This first generation blockchain remains at the top of the ladder when it comes to the most profitable cryptocurrencies to invest in. In the future Bitcoin could become the authorized currency in many countries.

2. Ethereum (ETH)

Ethereum is a second-generation blockchain and was the first to utilize smart contract functionality. This network is the leader when it comes to decentralized applications. Many developers prefer and use Ethereum to develop their applications. It is the leader in DeFi and NFTs. Recently, the network completed its merge moving from proof-of-work to proof-of-stake.

3. Cardano (ADA)

Cardano blockchain is different than the rest of other blockchains. Cardano will be further extended based on proof. The Cardano Foundation uses scientists to periodically design the blockchain. After the introduction of smart contract functions, Cardano is presently working on extensively increasing scalability.

4.Terra Luna Classic (LUNA)

This year, the Terra Project received a lot of attention from users and non users. Terra is a very interesting blockchain in that, it has the ability to utilize algorithms to keep the value of stablecoins stable. Particularly in the DeFi area, Terra is becoming more and more significant. It is worth investing in the LUNA token in the coming years.

5. Solana (SOL)

Solana is one of the quickest cryptocurrencies in the market. This network utilizes its own proof-of-history consensus mechanism and this allows Solana to achieve transaction speeds of up to 50,000 transactions per second. Solana is popular in the NFT area and seems to be worth investing in the coming years.

6. Avalanche (AVAX)

Speaking of scalability, we also need to talk about the Avalanche. Although Avalanche also utilizes Proof-of-Stake, the transaction speeds are much higher than Ethereum. For example, Avalanche can process up to 4,500 transactions per second. The network is suitable for NFTs and decentralized gaming. Avalanche could play a big role in the future.

7. Polygon (MATIC)

Polygon is a scaling solution for Ethereum. It was created to solve ETH blockchain problems of scalability, security, and decentralization for a blockchain. Polygon utilizes the modern proof-of-stake consensus mechanism and side chains to improve scalability. As a partner of Ethereum, Polygon could remain a relevant project for the next few years.

8. Chainlink (LINK)

Chainlink is a decentralized blockchain network which was created on Ethereum. It uses smart contracts to move data from the real world to the blockchain (tokenization), all this operates via decentralized oracles created to transform off-chain data into on-chain data. Tokenization could become more and more important in the future. Therefore, an investment in the LINK token is advisable in the future.

9. Bitcoin Cash (BCH)

Bitcoin Cash is also known as a hard fork, from the Bitcoin blockchain. The size of the blocks of the blockchain was raised to 8 MB. This could lead to higher scalability compared to the parent blockchain- Bitcoin. BCH has less transaction fees. In some countries, it is seen that BCH could soon be identified as a means of payment. Bitcoin Cash could remain an interesting investment in the future, not only because of the recognition of its value but various other interesting developments.

10. The Sandbox (SAND)

The Sandbox was created in 2011 as a rival to Minecraft. In 2018 the game was moved to the blockchain. The Sandbox is now one of the best-known blockchain games and could shape the future of the metaverse in the future.

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Doris Kyende

Open your eyes to the world of digital currency, its unlike anything you've seen!
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Who gave me permission to | take up space | create abundance | and feel worthy of my every desire ?
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