Top 5 Crypto to Invest

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12 Jan 2024

Nobody can argue against the notion that the cryptocurrency market can be extremely volatile. Last year was definitely a unique one for cryptocurrencies, since the entire market went through quite a bit of turbulence, experiencing several highs and lows. Some cryptocurrencies experienced incomprehensible increases, while others experienced enormous losses. At the same time, an increasing number of investors are constantly searching for the next big cryptocurrency to invest in, with the hope of making significant profits, i.e., further contributing to the volatility. Bearing that in mind, whatever the year 2022 holds for the cryptocurrency market, investors should be brimming with anticipation. Still, with over 16,000 digital assets already in circulation, deciding which cryptocurrency one should invest in can prove to be difficult. So, with that said, here is a list of the top 5 cryptocurrencies investors should be taking a look at.
Binance Coin (BNB)
When it comes to cryptocurrency standards, Binance has seen years of fairly stable values since its inception. However, the Binance coin kicked off in value at the start of 2021, being valued at around $38 on January 1 of the same year and reaching its peak of $683 in May 2021. Following a precipitous drop, the price is now on the rise once more.
Due to its performance, Binance is considered a stable investment alternative. As stated by CoinMarketCap, Binance is the largest cryptocurrency exchange in the world. Despite its considerable functionality and popularity in Binance’s sub-projects, the Binance coin remains a volatile investment.
Investors who trade often should be aware that Binance has temporarily suspended withdrawals and deposits for various networks, like Polygon and Solana, while it conducts improvements. Nevertheless, the most recent one, on April 8, had no effect on airdrops, which are incentives based on a proportion of users’ deposits.
Polygon (MATIC)
Polygon was designed by a team of developers that contributed significantly to the Ethereum blockchain. Polygon is built to make Ethereum more scalable and to develop its infrastructure further. As a “layer two” solution, it broadens Ethereum into a multi-chain system, boosting transaction and verification speeds.
Polygon is backed by the cryptocurrency exchanges Binance and Coinbase. MATIC, which is Polygon’s native token, is utilized for payment services, transaction fees, and settlement currency.
There are some recent developments within the Polygon ecosystem that could improve the value of MATIC. For instance, according to the reports made by AMB Crypto on April 9, Zo World, a decentralized travel project, has launched its Founder non-fungible token and other digital assets on Polygon. Users who purchase such assets can also own the Zo Metaverse real estate.
Additionally, as stated by CoinTelegraph, an Indian state government is utilizing Polygon to provide caste certificates to assist in the distribution of government benefits to over 1 million low-income citizens.
Rebellion Protocol (REBL)
The Rebellion Protocol is a blockchain venture capital fund accessible to all and driven by its community via its decentralized autonomous organization (DAO). This project has made it its aspiration to bring together skilled individuals from its community in order to create an investment vehicle that is more profitable than any other traditional VC business. As a result, its ecosystem is built with technologies that guarantee investors some of the finest financial returns possible.
As such the community can partake in the decision-making processes to influence the project’s entire ecosystem as well as, and most importantly, its VC investment decisions. That, coupled with its simple architecture, means it is readily accessible to anyone. Consequently, anybody can become a venture capitalist by purchasing the company’s token ($REBL). This is in stark contrast to traditional investment funds, which only draw the attention of high-net-worth individuals and organizations, i.e., rendering such investment opportunities unattainable to the vast majority of people. Thus, the Rebellion Protocol aims to bridge the gap between such investment possibilities, i.e., making them more generally available. After all, it has made it its motto that “you don’t need a suit to run Wall Street.”
Avalanche (AVAX)
As stated by Binance, Avalanche is a fairly recent “layer one” blockchain — one that upgrades the fundamental protocol so that the system is made more scalable. It was established as an alternative to Ethereum by Ava Labs and the computer scientists at Cornell University. One of them, former professor Emin Gün Sirer, is a cryptography research veteran, according to CoinMarketCap. Unlike Ethereum, which requires all nodes to validate every transaction, Avalanche’s three distinct blockchains can independently verify transactions. This improves Avalanche’s scalability and, therefore, its ability to handle high transactional volumes — up to 6,500 per second. Hence, it’s becoming more well-known among Ethereum projects, according to U.S. News.
AVAX commenced trading with a 24-hour initial coin offering in 2020. During the previous year, its price ranged from $9.34 to a peak of $146.22. The coin is now worth around $80.
Terra (LUNA)
According to CoinMarketCap, the Terra blockchain runs global payment networks by utilizing stablecoins. Stablecoins are coins that are pegged to fiat currencies such as the US dollar or the South Korean won, for example. LUNA, which is Terra’s native token, is responsible for stabilizing the values of the blockchain’s stablecoins. In addition, it also functions as a governance token, giving holders a say in decisions pertaining to the network.
Since June 2021, LUNA has seen an upward trend where it has increased more than twice since February. This is most likely owing to Terra investing in digital assets like Bitcoin and Avalanche so that they can be held in reserve as security for UST, which is a stablecoin within Terra. As a result, demand for UST has increased, while LUNA has undergone less volatility in comparison to other cryptocurrencies in recent months.
Final Thoughts
If there is one thing that we have learned throughout the years, it is that cryptocurrencies will be around for a long time. It is vital to assess the long-term worth of the cryptocurrency, since it shouldn’t be viewed as a get-rich-quick scheme. This month choices where mostly well-known proven projects. The market being a bit erratic, we believe it is best to concentrate on long-term high value projects. Before any investment in cryptocurrencies, make sure you always conduct your own thorough research.

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