6 of the Best Cryptocurrencies to Buy Now

With the incessant chatter of the “crypto winter” subsiding and digital assets ablaze, behold the paramount cryptocurrencies to procure in this juncture.

Cryptocurrencies have materialized from obscurity into a pivotal constituent of financial markets in a span of fewer than 15 years. Nevertheless, there is one facet of the industry’s metamorphosis that still lingers: sheer volatility. As a slew of widely recognized fiascos, implosions, and frauds tormented digital assets in the previous year, the cryptocurrency market, as a whole, obliterated 63% of its value solely in 2022. However, it can function in the other direction as well, and cryptocurrency prices have skyrocketed by an impressive 51.9% year-to-date through April 27.

Supposing you are disinclined to withstand such tumultuous oscillations, then you ought to avoid owning cryptocurrencies entirely. Even if you’re willing to endure them, there are multitudes of coins at your disposal, each with its unique modus operandi, and the overwhelming number of options can be daunting. Here, I present to you the six most exceptional cryptocurrencies to procure right now:

Cardano (ADA)

Established in 2017 under the guidance of Charles Hoskinson, a co-founder of Ethereum, Cardano stands as a proof-of-stake blockchain and proudly boasts its position as one of the largest blockchains to successfully implement this energy-efficient protocol. Cardano’s primary objective revolves around cultivating an environment conducive to the development of decentralized applications, commonly known as Dapps. Distinguishing itself from Ethereum, Cardano imposes a strict limit on the total supply of coins that will ever be in circulation, capping it at 45 billion. Notably, a substantial portion of this supply, specifically over 34.8 billion coins (equivalent to approximately 77%), is already in circulation, implying that the potential for future dilution is both quantifiable and comparatively restricted.

Undoubtedly among the finest cryptocurrencies to acquire at present, Cardano endured an 81% decline in value during 2022, yet it has gradually recuperated some of those losses in recent months, culminating in a noteworthy year-to-date surge of 66.2% through April 27. Excluding stablecoins from the equation, Cardano holds the fifth position in terms of market capitalization, boasting a valuation of around $14 billion.

Polygon (MATIC)

Once stablecoins are excluded from the equation, MATIC emerges as the seventh-largest cryptocurrency in terms of market capitalization, boasting a valuation exceeding $9 billion. Despite its impressive stature, MATIC’s current market share constitutes less than 1% of the overall market, leaving ample room for future expansion. However, the trajectory of its success remains closely intertwined with the acceptance and continued utilization of the Ethereum network. This correlation stems from the fact that the Polygon network functions as a scaling platform designed to enhance the capabilities of Ethereum, ultimately enabling it to support an essentially boundless array of decentralized applications.

Similar to the fate suffered by nearly all tokens, the price of MATIC experienced a decline in 2022, witnessing a 70% loss in value over the course of the year. However, aligning with the prevailing trend in the crypto sphere, MATIC has thrived in the 2023 bull market, surging by an impressive 33.5% through April 27.

Avalanche (AVAX)

In the realm of cryptocurrency investments, it is crucial for investors to grasp the distinction that exists between Bitcoin, Ether, and the rest of the digital assets, which tend to carry even higher levels of speculation. The altcoins mentioned in this list, including AVAX, entail greater risk, and investors must duly consider this aspect when making their decisions. Despite these caveats, the AVAX token of the Avalanche network merits its inclusion on this list owing to the ambitious objectives set forth by the Avalanche blockchain.

A notable feature of Avalanche is its subnets, which enable users to establish their own mini-blockchains on the overarching network. The development team at Ava Labs envisions a future where numerous mainstream commercial entities, and even individuals, seek to possess their independent blockchains. In such a scenario, Avalanche subnets provide a convenient solution to this demand. Should this vision become a tangible reality, AVAX, which experienced a significant 90% decline during the bear market of 2022, stands poised to emerge as a promising long-term contender. Commencing the year on a remarkable note, AVAX has already exhibited a robust performance, with a substantial gain of 62.6% through April 27.

Ether (ETH)

Claiming the second position in terms of market capitalization is Ether, the indigenous token of the widely utilized Ethereum blockchain. Commonly referred to as Ethereum in everyday discourse, ETH commands a market cap of approximately $230 billion, constituting roughly 19% of the total cryptocurrency market. Distinct from Bitcoin, Ethereum’s underlying network transcends its role solely as a peer-to-peer payment instrument. The Ethereum blockchain is purpose-built to accommodate smart contracts, decentralized finance tools, Web 3.0 applications, and the trading of non-fungible tokens (NFTs).

In contrast to Bitcoin, which primarily serves as a speculative asset and a store of value, Ether possesses inherent utility as the native token of an immensely popular network. Moreover, Ethereum’s transition from the energy-inefficient proof-of-work protocol to the considerably more efficient proof-of-stake system provides it with a competitive advantage over BTC in an increasingly environmentally conscious world. Notably, ETH has achieved a notable 59.5% increase in value throughout 2023, up until April 27.

Bitcoin (BTC)

Cryptocurrency, as an asset class, remains relatively young, having emerged in 2009. The year 2022 demonstrated the inherent volatility within this domain, making it prudent for investors to seek refuge in more established entities to safeguard against the potential collapse of their holdings. None surpasses the prominence of Bitcoin in terms of establishment, as it stands as the inaugural cryptocurrency and commands the largest market capitalization, currently valued at around $565 billion, encompassing approximately 47% of the overall market.

Bitcoin enjoys the highest degree of mainstream acceptance among the top cryptocurrencies. Numerous publicly traded instruments track its performance, while notable companies such as MicroStrategy Inc. (ticker: MSTR) and Tesla Inc. (TSLA), among others, have incorporated Bitcoin into their balance sheets. Following a notable 64% decline in 2022, Bitcoin has staged a remarkable resurgence in the early months of the current year, rallying by an impressive 78.1% through April 27.

The momentum for Bitcoin gained further momentum in March, with the government providing assurance that depositors at Silicon Valley Bank, a division of SVB Financial Group, would retain access to all their funds, instilling renewed confidence in both the banking sector and cryptocurrencies. In 2023, crypto has emerged as the most lucrative asset class thus far. The broader market recovery, coupled with waning confidence in the traditional financial sector, has bolstered trust in assets like Bitcoin, which initially arose as a response to the global financial crisis and subsequent bank bailouts.

Cosmos (ATOM)

Among the finest cryptocurrencies to consider for investment, ATOM holds the position of the lowest market capitalization. ATOM serves as the native token of the Cosmos Hub blockchain. However, its value extends beyond securing the network; it also functions as a governance token, granting holders the authority to influence the evolution of the Cosmos ecosystem. The nascent cryptocurrency space faces a challenge with the existence of numerous independent blockchains. In this regard, Cosmos endeavors to mitigate this issue by facilitating easier, faster, and more cost-effective inter-blockchain communication. The ultimate aim of Cosmos is to enhance the accessibility of blockchain technology for both developers and end-users. This vision could yield substantial rewards if blockchain technology attains the widespread adoption and ubiquity envisioned by optimistic observers in this realm.

ATOM currently possesses a valuation of approximately $3.2 billion. It experienced a significant setback during the bear market of 2022, with a loss of 71%. However, it has since made a noteworthy recovery. Surpassing its lows of June 2022, ATOM has nearly doubled in value and achieved a gain of 23.3% in 2023 through April 27.

About RoboFi

Robofi is a Defi platform that envisions a marketplace for revolutionary Dao crypto trading bots. Through its IBO (Initial Bot Offering) system, community members can maximize their earnings in an easy, simple, and secure way. We create a safe and transparent environment based on blockchain technologies that help developers bring crypto trading bot platforms to the market. In addition, individuals will have easy access to these bot applications, thereby generating more earning opportunities. RoboFi ecosystem is fueled by the VICS token.

About VICS

VICS token has a distinctive and enticing concept. VICS is the BEP-20 token, built on the Binance smart chain. It is a core utility token in the RoboFi ecosystem, the reliable crypto trading bot marketplace. One important utility is to own the governance token of DABots and participate in an IBO (Initial Bot Offering) to receive additional incentives. VICS is available on major exchanges for trading.

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