cryptocurrency best coins

By Mike Hintz

Seven of the top cryptos to buy now. July, finally, was a good month for cryptocurrencies, which had suffered a brutal string of down months following the euphoric highs of late 2021. The market crashed back after Bitcoin and the rest of the major players failed to sustain themselves in the market as we move into 2022. Nevertheless, it would be unfair not to include this article on one of the most popular cryptocurrency coins right now.

However, with the emergence of decentralized finance (Defi) and various other types of digital currencies like Ethereum and Litecoin, many people are considering looking for alternative or new coins to invest in. Here are some of the most popular ones:

Cryptocurrencies To Buy Now

The first thing you need to know when investing is that “investing” is not the same thing as “trading.” Traders buy certain stocks or other assets for them to sell. This process is called buying and selling. In contrast, traders do things for their own sake, trying to buy and hold whatever asset they see fit. Trading means thinking about your strategy instead of how much money you will get from a particular stock. Investing means understanding what makes up an industry. Before I was able to understand what was going on at Google in 2005, I had read all of the books and watched every lecture on big data, marketing, supply chains, etc.—all because I thought about my investment in a company that I liked a lot and wanted to keep learning more about it. When I bought GOOG (Google, Inc.) in 2006, I wasn’t looking to make money through trading; I just wanted to learn something about technology. However, once I started using its services, I could not avoid getting a better idea of Google and started reading books by Tom Mitchell, Brad Bower, Neil Patel, et al. That same interest in a product can give you confidence in a certain coin. If there were only ten cryptocurrencies to trade, then a common question that would always pop up is “What are the best?” It seems easier to write off a few coins than to trade them. There are only 10 of those—the others are all scams, so not even researching them is worth it.

So, here’s the list of cryptocurrencies that you should consider investing in. You’ve probably heard about Ripple Coin, especially since January 2020—it’s been exploding over the past week. Also known as Chainlink, Ripple was founded by the likes of Jeff Garzik and Craig Wright. They have built strong partnerships with banks worldwide, which allows them to build out cross-border payments, remittances, and financial solutions without having to be based on any single currency. Many countries around the world already use Ripple for international mobile payments, money transfers, payment processors, and online payments. Most importantly, Ripple has made a name for itself as a trusted source for fast, reliable blockchain transfers. As far as I’m concerned, Ripple has done more for global development than bitcoin did in the last decade. No wonder it’s top-rated on sites like Trustpilot.

Ripple also offers to mine. For individuals and businesses, the Ripple mining software platform can help set up the next generation of internet infrastructure that can run large server farms. Without the hardware behind it, the whole cloud mining environment is much less expensive. Moreover, Ripple also helps manage network traffic, giving users access to high-performance computing chipsets. These companies have been a huge part of making the Internet decentralized and open, so I think they should keep the spotlight on Ripple’s future in the market.

Ripple’s core business is growing with each passing day and their recent surge on the charts is no exception. If nothing else, let’s not forget their record numbers—Ripple managed to hit $10 billion in sales in April alone. A recent forecast predicted that Ripple’s current price will reach $6,000, which may seem small, but the fact that the second-highest cryptocurrency in terms of value traded today is just two weeks away from becoming a millionaire is incredible.

Binance Coin

Binance Coin is a crypto coin that primarily focuses on providing instant BCH deposits and withdrawals. The token can be used for purchasing products at e-commerce stores, as well as to store money. BCH holders can also use BNB to transact directly inside traditional financial institutions, allowing them to easily exchange between different fiat currencies. With the increase in centralization and lack of trust, it’s hard to feel comfortable dealing with anyone online. Therefore, there’s nothing better than paying for goods with BNB! According to Binance Coin, BNB (BNB), “is the go-to solution whenever someone needs to send money to another person. BNB can be sent across borders, to cashiers, merchants, or simply by postcard.” This is perfect. An easy way for foreign residents to easily convert from USD to BNB. Not only does it offer convenience, but it also allows them to safely take risks. Furthermore, BNB gives users complete control over that specific transaction, which is great for consumers that want to limit how much they spend on a particular item, or their willingness to pay extra to make sure that the order gets delivered. And that’s just one reason why BNB is such a reliable brand on the market. Plus, the amount that BNB is worth is almost always higher than USD. So what’s holding back everyone from using BNB? One thing that may be keeping investors from using BNB is the volatility of the tokens. Although the price is stable, you still have to deal with fluctuating prices—which makes sense given the market is volatile. However, if BNB keeps gaining traction, the volatility will eventually drop. More stability = more BNB, lower volatility = more profit to reward BNB users & owners.

As we enter 2022, we can expect a massive upgrade in the popularity of BNB. First off, BNB will switch from pure fiat money to fully peer-to-peer digital money. Secondly, BNB has proven itself a very safe and secure form of money, especially when transacting digital assets. What makes me happy about the decision is also that they are working on implementing several privacy protocols and will also try developing smart contracts with advanced features. Along with that, the project promises that BNB will become a mainstream digital currency. Lastly, BNB has a low inflation rate. So, it pays off to join the BNB team and join them on this journey towards bringing BNB to the masses.

BUS

The BUSD token is another type of digital currency that aims to bridge the gap between centralized and decentralization. Their vision is similar to BNB’s—to create a truly decentralized society where everyone has equal rights. They aim to replace existing cryptocurrencies like BTC, ETH, and XRP by putting together a decentralized system for transferring money. This will allow them to reduce costs, enhance security, and eliminate intermediaries. People that don’t want to spend money in the middle of markets and have good reasons can invest in BUSD. So, they deserve your attention!

One issue that the BUSD token will face is being unable to be transferred outside of Europe or the United States. The BUSD token is supported by 20 banks in the UK. Given their partnership with Visa, they also can accept credit cards. Of course, you can buy or send BUSD on either of these networks through local bank accounts, but they both come with associated fees, and you still have to have a credit card. We don’t know how that will change at launch, so what is yours on that one?

BUSD also supports real estate, real estate listings, loans, insurance claims, and real estate projects. At present, BUSD is helping bring several startups to success. Its mission goes beyond lending to borrowers, helping them save or borrow money, or creating properties. Other potential uses include crowdfunding, real estate listings, etc. Since the token works on two platforms, it could easily evolve to support newer coins. Maybe soon BUSD will have its tokens to support it, too.

Ethereum Coin (ETH)

Ethereum is an important milestone for us, as it allows us to build our apps faster, increase speed to market, and become more accessible. Users can also interact with other developers via the network, creating ecosystems. On top of that, there will be millions of decentralized applications available on the Ethereum blockchain. Let’s be honest—having these billions of applications is something to be excited about. However, one advantage that ETH takes over ETH2 is that it doesn’t rely on an underlying asset. There are other ways to achieve ETH’s original goal and have everything from the creation of ERC20 tokens, to its unique governance structure. It is also possible to connect multiple wallets and exchange these in real-time. Another thing that ERC20 will improve upon is how quickly transactions can be completed and shared across a broader range of devices. All of these factors combined are essential elements of Ethereum and allow it to gain traction in a wider audience. Personally, ETH is still considered one of the top altcoins in the world, but its growth is phenomenal. I don’t think it will lose momentum anytime in the coming years until it becomes more widely accepted. Especially for decentralized exchanges, it’s crucial to have robust options, like ETH, which are fast, decentralized, and secure.