Wondering which is the best cryptocurrency to invest in right now? We, at Cobidex, have hand-picked the 5 cryptocurrencies which we think are ideal if you are looking for long term gains. Of course Bitcoin and Ethereum would always remain the classic-grade currencies with which you would want to start your investment journey. Both these coins are extremely liquid and have the maximum number of use cases in the cryptoverse. But if you are looking forward to expanding your crypto portfolio or gaining more exposure to altcoins, follow our guide. We can point you in the right direction.
We understand that many of you are perhaps looking for low-priced cryptocurrencies to start off. Our list features coins that are between $2 and $10. Needless to say, all these coins are backed by solid projects which would see them appreciate in value in the future. So, without further ado let’s start with the list.
Cardano (ADA)
With a market cap of $67.42 billion, Cardano’s native token ADA ranks sixth among all the cryptocurrencies in the world. At the time of writing Cardano’s price was $ 2.05. From its launch in February 2020 till the current period, the coin has grown by 50 times in value. You would want to invest in this coin today keeping in mind the possibilities of its wider adoption in the coming future.
Being a third-generation cryptocurrency, Cardano is
- Far more scalable with an infrastructure (an additional layer of Hydra) to support 1 million transactions per second.
- Cardano supports cross-chain transactions with other cryptocurrencies and digital art markets.
- It has governance and compliance at its core.
- Developers are constantly working to increase the use cases of its programmable blockchain.
- Cardano is far more energy-efficient than Bitcoin and Ethereum.
- Cardano is collaborating with African governments to create financial accessibility. This, in itself, summons the possibilities of its wider acceptance and an increase in its value.
Polygon (MATIC)
Currently priced at $1.73 the MATIC coin by Polygon has been enjoying a positive growth curve since the beginning of this year. It reached an all-time high of $ 2.68 in May with sufficient room for growth in the future, experts say.
So what makes MATIC something to look out for? Well to begin with it is the native token of a layer 2 scaling solution that supports Ethereum- compatible blockchains. Polygon addresses some of the limitations of Ethereum, like slow throughput, transactions and expensive gas fees. Big projects like Metamask and Stake DAO are built on the Polygon blockchain. Not to mention a collaboration with Infosys Lmt. is also in the pipeline and the interest of investors around MATIC is growing by the day. So, a good idea would be to invest in MATIC when its price is still low with an eye on its long-term growth.
Avalanche (AVAX)
AVAX is the native token of Avalanche and shares the traits of a fourth-generation cryptocurrency set to disrupt Ethereum’s smart contract ecosystem. At the time of writing, the price of AVAX was $97.71 marking approximately a 2000% increase on its price which was $4.61 in July 2020. Faster transactions per second at 4500, low-latency, NFT support, a built-in asset registry system and higher flexibility in the movement of assets from one subnet to another are some of the features that are helping Avalanche establish its stronghold among crypto-based enterprises. Plus it recently created a $200 million fund to pack in more innovations within the network. With so much going on we feel this is the right time to strike the hammer when the iron is still hot.
Binance (BNB)
The current price of the Binance coin, BNB, is $646.45. Binance is the largest cryptocurrency exchange by trading volume and we feel it is a good idea to buy their native token as they have certain utilities outside the platform including payment processing, trading and making travel arrangements. Within the platform, BNB coins can provide you with huge discounts on trading and other platform-based activities. Plus, developers use this token to power applications built on the Binance Smart Chain which is Binance’s own blockchain and Smart Contract protocol like Ethereum. Therefore, BNB is a good asset to hold.
Synthetix (SNX)
Last but not the least, we would recommend you to add Synthetix’ token SNX to your portfolio. Currently priced $9.76 it has enjoyed 132.5% growth in a year. Synthetix is one of the largest platforms dealing with crypto derivatives. SNX powers the Synthetix ecosystem. Moreover, it has certain incentive programs tied to it to accelerate the benefits of those who invest in it. Experts are of the opinion that the price of SNX might reach $85 at the end of 5 years especially since derivatives trading in Crypto is a developing space. So, we feel you should definitely be on its radar.
Note: All the above coins are listed on CoinMarketCap, CoinDesk and Coingecko. Check their latest price, market cap, 24-h trading volume on these platforms.
COBI: A Token Powering the World’s First Community-owned Crypto Derivatives Exchange
Speaking of derivatives and the teeming interest of crypto traders around them, we have listed another token that fuels the ecosystem of Cobidex, the world’s first community-owned cryptocurrency derivatives exchange. We are talking about COBI that converts its backers into shareholders of the platform. Learn more about COBI’s tokenomics and how is it set to turn trading costs into investments if this has already piqued your attention. COBI’s are circulated not through a presale or airdrops, but simply through trading on the platform.
Conclusion
Our list includes the best and some of the cheapest altcoins/cryptocurrencies you can invest in right now besides BTC and ETH. With Cobidex, at the moment, you can trade USDT-margined perpetual contracts of some of the most popular cryptocurrencies. Cobidex places its trading community on the top of its priority list, so there are huge incentives in store for trading these assets. Want to be a part of the Crypto revolution? Join us and follow our Twitter handle for the latest updates, contest announcements and more. Don’t forget to leave your comments on which coins make up your crypto portfolio.
