Crypto assets are the best investment options for high returns right now. There are more than 8000 crypto assets and it can become confusing for the beginners as where to invest. Here is a list of 5 of the best crypto assets to buy now.
Crypto Assets Investment
Year 2021 was a great year for crypto assets. It saw huge returns, Bitcoin crossing $60000, sale of first digital NFT based artwork, El Salvador accepting Bitcoin as legal tender and much more.
Investors expected the same from 2022 too however the global conditions made the market decline and many crypto assets tumbled down by more than 50%. Although some lose money in this downward movement however it is a silver lining too. You can invest when the prices are low and hold them to sell until they explode.
To pick few of the crypto assets from the big jungle out there, you need research, research and research. Read about the crypto assets, their performance, history, value add-ons and so on before finalising the best crypto assets to buy.
5 of the Best Crypto Assets to Buy Now
Here is a list of 5 of the Best Crypto Assets to Buy Now. These crypto assets are good for diversifying your portfolio.
- Cardano – Cardano is a public Blockchain platform which went live in 2017. There was the necessity for greener alternative to Proof-of-Work protocol and Cardano came up with the Proof-of-Stake consensus mechanism. Cardano uses design principles to overcome issues faced by other crypto assets such as Scalability, Interoperability and Regulatory Compliance. The native currency of Cardano is ADA.
The team behind Cardano has done lots of research and extensive experimentation. Because of this Cardano became a success today and it has a long way to go in terms of DeFi Applications too. As of March 2022, Cardano has the eight largest market capitalization.
- Stellar – Stellar is an open Blockchain network for low-cost, cross-border transactions between any pair of currencies. Traditional transaction takes days to complete with involvement of different intermediaries and at high cost too. However, this problem is solved with Stellar and payments are economical & swift now. The native currency is called Lumens or XLM which is used for transactions on the network.
As of now (March 2022) Lumens are valued around 18 cents. For long-term investment, it is one of the best crypto asset to buy now.
- Tether – We have included different crypto assets therefore you get ample diversification in your portfolio. Tether is the first of its kind Stablecoin and was originally designed to be always worth USD 1. Its value is pegged with US Dollar and it runs on Ethereum as well as Bitcoin Blockchain.
The aim of pegging the value to a currency is to reduce volatility and smooth out price fluctuations. With Tether, users can easily make transfers from other crypto assets back to USD swiftly without converting it into fiat currency. Tether soon attracted lots of investors and it is on its way to leave Ethereum behind soon.
- PlatinX – PlatinX is one of the fastest growing crypto asset in the newly launched category. It is a payment protocol that is based on BNB Blockchain. There was the necessity for transparent and swift cross-border transactions and PlatinX is aiming to fulfil that need with technology and advancements. PlatinX is open-source, public-design and utilises Peer-to-Peer methodology to operate with decentralized exchange system. Thereby it addresses the problems of transparency & speed.
PlatinX is looking for greener sources to reduce carbon impact. Therefore, it utilises Proof of Stake consensus to validate transactions. Despite the recent downward trend in the market PlatinX was moving steadily and showed positive growth too.
- Polkadot – Polkadot aims to improve interoperability among other blockchains. Polkadot uses different protocols such as Proof of Stake consensus and the Blind Assignment for Blockchain extension (BABE), which is derived from Ouroboros. With Polkadot, both permissioned and permission-less blockchains can connect with other systems, Oracles to work together under one roof.
Polkadot allows cross-chain transfers of data or assets between different blockchains. This network has a primary chain which is known as Relay chain and the other user-created parallel chains are called as parachains.
These are some of the crypto assets to buy now. With the above mix you can safeguard your investments to some extend and reduce portfolio value fluctuation too. Crypto assets are best options to save your savings from Inflation. No other investment option gives you such splendid returns. If you are new to crypto assets, read our beginners guide on how to buy PlatinX. Check out these crypto assets with potential to explode too.
