As the popularity of digital currencies grows within the financial sector, an increasing number of options for crypto trading and investment are becoming available. Presently, there are over 25,000 cryptocurrencies available in the market. Although cryptocurrencies are now accepted as a means of payment, many individuals view them as long-term investment assets.
However, it is crucial to acknowledge the risk associated with cryptocurrency investment due to its volatility. Notwithstanding, several individuals have grown their assets through crypto investment. In this article, we shall look at the 5 best cryptocurrencies to buy now and why they are good investment opportunities.
5 Best Digital Assets to Buy Now
After analyzing the variety of cryptocurrencies available, we have narrowed it down to five digital assets that provide great investment opportunities for investors now:
- Tradecurve (TCRV)
Tradecurve is a revolutionary hybrid trading platform designed to overcome the challenges encountered by traders when using conventional exchanges, including lack of transparency, limited accessibility, and high trading fees. By offering a comprehensive and unified platform, Tradecurve eliminates these providing investors a seamless trading experience. Users can trade across diverse markets, including cryptocurrencies, commodities, indices, stocks, forex, and more, all within a single platform.
Also, the issue of high minimum deposits, strict Know Your Customer (KYC) requirements and high fees has affected several traders. Tradecurve aims to democratize access to trading platforms, welcoming users from various countries.
It has one of the cheapest trading fees compared to top exchanges. Tradecurve leverages non-custodial storage and distributed liquidity enhancing security and significantly reducing trading costs. Notably, the platform’s smart contract has already been audited, and the audit report is readily available on the website.
Simplicity is another notable feature of Tradecurve. Users can register using only an email address, connect their crypto wallets, and gain access to a vast array of markets. Furthermore, transparency is another of Tradecurve’s core values.
This ensures fair pricing, asset security, and trade execution accuracy and removes doubts among investors. Meanwhile, the platform has a utility token, TCRV, which offers several benefits to token holders. These include negative balance protection, trading fee discounts, VIP account services, governance rights, and deposit, and level-up bonuses.
Why It’s a Great Time to Buy Tradecurve (TCRV)
Tradecurve’s native token has been experiencing a bullish trajectory, showcasing significant growth in recent times. Starting from $0.01, the token surged to $0.015 and further demonstrated a remarkable price increase of 20%, reaching $0.018 during its fourth stage of the token presale.
Despite the overall bearish sentiment in the cryptocurrency market, analysts maintain a positive outlook on Tradecurve’s TCRV token.
They predict a potential surge of 50x and 100x in the coming months when the token is listed on a Tier-1 exchange. The bullish price pattern of TCRV has instilled optimism among market participants, attracting a growing number of buyers from across the crypto ecosystem. Several factors contribute to this momentum, including the appealing features offered by Tradecurve.
Notably, the platform distinguishes itself from other exchanges through features such as fast deposits and withdrawals, low trading fees, copy trading capabilities, bot trading, and the absence of mandatory KYC checks.
These unique attributes are expected to stimulate trading activity on Tradecurve. Besides, Tradecurve provides investors exposure to multiple markets as stated earlier. Consequently, this surge in trading volumes and increased liquidity is likely to drive up the price of TCRV.
- Bitcoin (BTC)
Bitcoin, the flagship cryptocurrency, was established in 2009 and has undoubtedly emerged as the most renowned digital currency. It has achieved remarkable levels of mainstream acceptance and recognition over time. Over the years, Bitcoin has consistently maintained its leading position with the highest market capitalization of about $584 billion.
In 2016, the price of a single Bitcoin was approximately $500, presenting an opportunity for early investors to grow their assets. Bitcoin enjoys broad mainstream acceptance among top traders, making it a preferred choice for investment. Currently, several businesses and firms are accepting Bitcoin as a form of payment, further solidifying its position as number one. For instance, Visa, one of the top payment services now facilitates transactions involving Bitcoin.
Also, Stripe, in partnership with OpenNode, allows merchants to settle transactions and convert payments into Bitcoin. Furthermore, major banks have also started incorporating Bitcoin transactions into their offerings. Despite its inherent volatility, Bitcoin has demonstrated unprecedented growth. By late 2021, its value surged to over $68,000, reflecting substantial and remarkable gains. However, is it too late to invest in Bitcoin?
Why It’s a Great Time to Buy Bitcoin (BTC)
As shown in 2022, the crypto market is very volatile. Investors seeking to protect themselves from huge losses of their assets are usually advised to go for the top guns in the cryptocurrency space. Among these, Bitcoin stands out as the first cryptocurrency, commanding the largest market capitalization at around $584 billion, representing approximately 48% of the total market.
Bitcoin has proven to be the best-performing cryptocurrency throughout its existence, reaching an all-time high of nearly $70,000 in late 2021. Despite currently being down by over 60% from that price, Bitcoin has still recorded remarkable gains of over 40,000,000% since its inception.
Although Tesla briefly accepted Bitcoin before discontinuing the payment option, Elon Musk noted that the company may consider doing so again if Bitcoin mining’s environmental impact becomes more sustainable.
Currently, several Bitcoin miners are working towards using green energy for mining. Another reason why you should invest in Bitcoin is that several top firms like MicroStrategy and Tesla are bullish on cryptocurrency. Meanwhile, several publicly traded instruments track the performance of Bitcoin, making it easy for you to gauge the value of your holdings.
Moreover, Bitcoin has outperformed most tokens in the market in terms of performance and price recovery. After experiencing a 64% decline in 2022, Bitcoin made a remarkable comeback in the first five months of 2023, rallying by 67.4% until May 30th. Wall Street giants like Valkyrie, Fidelity Investments, and BlackRock are currently working towards launching a Bitcoin ETF.
This adoption is bound to skyrocket through the value of the asset in the coming months. Interestingly, Bitcoin’s next halving is just less than a year from now. This could spark another price rally toward the $70,000 mark.
- Ethereum (ETH)
This is the second-largest cryptocurrency by market capitalization Ethereum, often informally referred to as Ether, boasts a market cap of approximately $228 billion, accounting for around 20% of the total cryptocurrency market.
Ethereum has gained popularity among decentralized application (dApp) developers due to its speed, scalability, ease of development, and extensive user base. The blockchain is favored for its versatility and hosts numerous protocols, with its Total Value Locked (TVL) being nearly five times larger than its closest competitor.
Data from DeFiLlama reveals that Ethereum’s TVL, accounts for nearly 60% of the entire market, amounting to $26.1 billion at the time of writing. This TVL is five times greater than its closest competitor, Tron, which stands at $5.7 billion. This indicates the significant value and potential associated with Ethereum.
While Bitcoin is predominantly viewed as a store of value or “digital gold,” with limited usage as a currency, Ethereum stands out as one of the top utility tokens. The Ethereum blockchain serves as the largest network for creators and developers of decentralized applications. The ERC-20 token standard, used by thousands of projects, and ETH itself facilitate millions of dollars worth of transactions through non-fungible tokens (NFTs) and crypto gaming.
Why It’s a Great Time to Buy Ethereum (ETH)
Unlike Bitcoin, which primarily serves as a speculative asset and store of value, Ethereum possesses intrinsic utility as the native token of a highly popular network. Ethereum operates on a network that extends beyond being solely a peer-to-peer payment system.
The Ethereum blockchain is purpose-built to support smart contracts, Web 3.0 applications, decentralized finance tools, and the trading of NFTs. This means the platform’s native token will continue to record high patronage and usage as it is used to pay for gas fees.
While Ether may not possess the same level of widespread acceptance as Bitcoin, traditional companies are recognizing its potential. For instance, Fidelity is expanding its technology workforce to establish the necessary infrastructure for offering Ethereum custody and trading services to its customers.
Furthermore, Ethereum’s transition from the energy-intensive proof-of-work (PoW) protocol to the more efficient proof-of-stake (PoS) system positions it favorably in an increasingly environmentally conscious world.
Additionally, the recent Shanghai upgrade introduced the ability to withdraw staked ETH for the first time. Despite initial concerns that this would flood the market and lead to price declines, the withdrawal and deposit levels have remained relatively balanced, contributing to the stability of the Ethereum network.
In respect to the token’s price movements, Ethereum has displayed notable resilience in its price performance since the beginning of 2023. As of the time of writing, Ethereum has surpassed the $1,900 mark as of June 21st, and there are indications of potential upward movement in the future to cross the $2,000.
- Solana (SOL)
Solana is an open-source project that capitalizes on the permissionless nature of blockchain technology to offer decentralized finance (DeFi) solutions. Although the concept and initial work on Solana began in 2017, it was officially launched in March 2020 by the Solana Foundation, headquartered in Geneva, Switzerland.
The Solana protocol’s primary objective is to facilitate the creation of decentralized applications (DApps) while addressing scalability concerns. It achieves this by combining a proof-of-history (PoH) consensus mechanism with the underlying PoS consensus of the blockchain. With a market capitalization of $6.8 billion, Solana currently ranks as the 9th largest cryptocurrency.
Solana has garnered considerable praise for its speed and performance, often being hailed as a potential competitor to Ethereum and a platform capable of challenging its dominance in the realm of smart contracts.
However, the network faced challenges in the form of repeated outages that hindered its progress and affected its price in 2022. These setbacks have posed obstacles to Solana’s goal of becoming the “Visa of crypto.” Nonetheless, the protocol has made several developments in 2023 that could turn things around.
Why It’s a Great Time to Buy Solana (SOL)
Although Solana has faced several market downturns since its inception, it has emerged victorious. This makes it a worthy platform to invest in. In 2021, Solana reached its all-time high of nearly $260 with a staggering yearly gain of +1,120%.
Unfortunately, in 2022, the cryptocurrency experienced a significant decline, plummeting by -94%. Solana’s downturn can be attributed to multiple factors, including FTX’s bankruptcy in November and persistent network outages. Over the next two months, SOL witnessed a sharp decline from $36 to below $10.
However, at the beginning of 2023, Solana began a gradual recovery, with a steady climb to $25 by early February. Currently, it has dropped to $17.01 amidst the ongoing regulatory crisis in the cryptocurrency market. Despite the recent fluctuations, several factors contribute to Solana’s growth potential in 2023.
One of them is its daily transactions. After reaching a low of 22.6 million in early December, the number of daily transactions on the network surged to 46.7 million in early January. However, the current figure stands at 23.7 million as the market condition worsens.
As one of the fastest and most scalable blockchain networks, Solana has attracted considerable attention from developers and investors. Its advantages, such as fast processing times, low transaction fees, and high throughput, make it an appealing choice for dApps and other blockchain-based projects.
Additionally, Solana’s strategic partnerships with prominent companies and organizations, including Serum, Mango Google Cloud, Markets, ChatGPT, Mastercard, and its integration of AI technology, are anticipated to drive further adoption and foster growth.
- Binance Coin (BNB)
Binance Coin is the native token of the Binance exchange. It initially operated on the Ethereum blockchain, utilizing the standard ERC-20 protocol before moving to the Binance Smart Chain. The primary purpose of Binance Coin is to enhance the operations of the Binance exchange and its ecosystem. It serves various functions, including covering exchange fees, trading fees, listing fees, and other charges associated with using the Binance exchange.
The widespread adoption and utilization of Binance Coin (BNB) have grown over the years. The token is currently being accepted as a means of payment in several Latin American countries, thanks to its partnership with Mastercard. In terms of market capitalization, Binance Coin ranks as the 4th largest cryptocurrency, with a market cap of $38 billion.
Why It’s a Great Time to Buy Binance Coin (BNB)
Binance Coin is the native token of Binance, the largest cryptocurrency exchange by daily trading volume. This makes it one of the top cryptocurrencies with increased utility. Besides, Binance Coin holders enjoy various benefits, such as reduced trading costs and access to exclusive services on the platform. As a result, the token would always have relevance, making it a good investment.
Another reason why you should invest in Binance Coin is because it is deflationary. The Binance team has adopted a burn practice which means that every quarter, Binance destroys a significant number of BNB coins. The team has committed to burning 100 million BNB, which accounts for half of the total supply.
This continuous reduction in the supply of BNB has the potential to drive up its value over time.
Despite the bearish trend in the overall cryptocurrency market, BNB has displayed a notable increase of 20.2% in the past month. This significant growth indicates that BNB could potentially become a robust asset if its positive trajectory continues.
Additionally, the Binance ecosystem is continuously expanding, with Binance Coin playing a vital role in its growth. Developers can leverage Binance Coin for deploying smart contracts on the Binance Smart Chain network and even mint NFTs.
Visit the links below to get more information about Tradecurve and the TCRV token: