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Top 10 Cryptocurrencies to Buy after Selling your Bitcoin Investment
Several crypto investors are staying on the lookout for the cryptocurrencies that are coming out as a winner in such a crucial time
June was yet another tough month for cryptocurrencies. Crypto investors are tensed amidst the recent crypto bloodbath of popular and profitable cryptocurrencies such as Bitcoin and Terra LUNA. First, digital assets are more established than they’ve ever been at any point in their history, and projects in the young industry continue to attract huge levels of brainpower, labor, and investment. They are in dire need of driving profits in their crypto wallets to earn some livelihood in the highly volatile cryptocurrency market. Because despite the volatility, several crypto investors are staying on the lookout for the cryptocurrencies that are coming out as a winner in such a crucial time. By the end of the year 2021, cryptocurrencies surged massively and even declined to their lowest points. Currently, investors are wondering which digital coin will be better to buy now. This article features the top 10 cryptocurrencies to buy after selling your Bitcoin investment.
Ethereum
Ether’s current dive in value after Bitcoin’s crash has shocked investors. Even as crypto is recovering from its lowest value, investors are considering alternate investment options. Even though the ETH token is at an exponentially volatile place, Ether can be a far better option for investment than Bitcoin. The launch of the ETH 2.0 upgrade is also causing some stir and making investors quite excited about Ethereum’s future.
Binance Coin
Binance Coin is the native token of one of the world’s largest cryptocurrency exchanges. Binance focuses on bringing cryptocurrency exchanges to the forefront of financial and economic markets. Even though the Binance Coin seems to suffer currently because almost all crypto exchanges are suffering due to the plummeting crypto values, Binance Coin might prove as a more profitable investment than several other cryptocurrencies in the market.
XRP
XRP is the native token of Ripple. It proposes a cheaper and more efficient alternative to the popular SWIFT system to process international transactions. XRP Ledger is Ripple’s open-source blockchain with the XRP coin as its native asset. It runs independently of the Ripple economy, and investors can use it for various purposes.
Cardano
Even after the market volatility, Cardano has not lost its reputation as an actively developing blockchain project. It is one of the fastest-growing cryptocurrencies that also possess the biggest blockchain to successfully use a proof-of-stake consensus mechanism which is less energy-intensive than the proof-of-work algorithm.
Tether
Tether was one of the biggest rivals of TerraUSD and sits at the top of the stablecoin pyramid. Tether is considerably more trustworthy than Terra or Bitcoin. Tether fell just two hours after UST fell, but its value rose back up within an hour. While it still has not reached full parity with the US dollar, it has still effectively maintained its position around that level.
Solana
Solana is still a top-10 cryptocurrency, and it has its own blockchain, which means it doesn’t have to rely on another network’s design and limitations. The longer Ethereum takes to complete The Merge, the more Solana, an Ethereum competitor with decentralized apps and DeFi products of its own, should benefit.
Uniswap
Uniswap represents the popular decentralized exchange that enables users to buy and sell digital currencies without requiring communication with any third parties. While all other cryptocurrencies have failed to prove their worth to investors, Uniswap surpassed its market capitalized in the early part of 2022. Hence, Uniswap proves to be a good investment option in 2022.
Polygon
Polygon was created by a development team that made significant contributions to the Ethereum blockchain platform. Polygon is designed for Ethereum scaling and infrastructure development, according to CoinMarketCap. As a “layer two” solution, it expands Ethereum into a multi-chain system, improving transaction and verification speed.
Decentraland
Decentraland became a popular name in the crypto market after the metaverse became popular among the tech leaders. Over the past couple of days, the number of Decentraland users has risen exponentially leading to a massive increase in price. The Decentraland is one of the biggest metaverse cryptocurrencies and is supporting the development of a domain that will provide extreme immersive, and exciting experiences.
The Sandbox
The Sandbox is another metaverse cryptocurrency that has been soaring lately. Even though the crypto market is in a vulnerable state right now, the SAND token has maintained a consistent reputation of being a profitable investment due to the rising popularity of the metaverse.
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Popular Cardano-based decentralized exchange WingRiders has lost its position as the most valuable DEX on Cardano.
WingRiders slumped from the first position to third after losing more than 59% of the total value locked (TVL) on the platform in the past 30 days.
At the time of writing this line, WingRiders is now the third-largest DEX by total value locked, with a TVL of $19.66 million. It is noteworthy that WingRiders maintained the top spot for more than two months, claiming 42% of TVL On Cardano. However, the DEX has fallen from glory ever since.
Minswap Is Now Cardano’s Most Valuable DEX
The development also affected the total value locked on Cardano. The total value locked on Cardano has fallen below $100 million in the last 30 days after the WingRiders TVL slumped.
Interestingly, Minswap has taken the lead to become the most valuable decentralized exchange on Cardano after the massive decline of WingRiders’ TVL.
At press time, Minswap is leading, with a $49.09 million total value locked on the platform. The DEX hit the milestone after recording a massive growth of 30.9% in its TVL in the past 30 days. Minswap accounts for 51.82% of the total value locked on Cardano.
SundaeSwap, the first decentralized exchange on Cardano, is now the second most valuable DEX in the ecosystem. SundaeSwap is second in the ranking, with $19.72 million in TVL.
Like WingRiders, SundaeSwap has also lost a significant amount of its TVL over the past 30 days. In the past month, SundaeSwap has lost nearly 10% of the funds locked on the platform.
Commenting on the development, Cardano Daily, a platform that shares new developments about Cardano, said:
“After the major decline of @wingriderscom, the TVL scenario of the Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem.”
CARDANO TVL STATUS
After the major decline of @wingriderscom, the TVL scenario of the @Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem#tvl #cardano $ADA pic.twitter.com/xjZ6cHo8jX
— Cardano Daily (@cardano_daily) August 9, 2022
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