While the uncertainties of the coronavirus-induced pandemic have partially left behind, this time the uncertainty that started in the economic markets with the invasion of Ukraine by Russia with an expansionist attitude has not been resolved yet. Crypto markets, including Bitcoin, are literally in a back and forth situation. In the light of the principle of never investing all your investments in a single stock market and proceed carefully, as Kriptokoin.com, we are now focusing on the question of what altcoin projects should be invested in?
First altcoin Ethereum (ETH)
Pioneer altcoin Ethereum is a blockchain platform built to support smart contracts and secure financial transactions. The Ethereum network includes dApps for gaming, gambling, socializing and even decentralized finance or DeFi. Most tokens or NFTs are also based on the Ethereum network. Besides being the second most valuable cryptocurrency in the world, Ethereum does a lot. Many are waiting for ETH to reach five digits. However, that won’t happen until the rest of the crypto market starts to move upwards again.
So if you believe crypto will shake up the current “bear market” or whatever is keeping it stagnant, this might be a good time to start collecting ETH. Live Ethereum price today is USD 2,568.69 with a 24-hour trading volume of USD 10,351.313,903. Ethereum is down 0.76% in the last 24 hours. The current CoinMarketCap ranking ranks 2nd with a live market cap of 308,118,028,971 USD. It has a circulating supply of 119,951,568 ETH tokens.
BNB is third in the overall ranking
BNB, the Binance conversion coin, which some see as a valuable investment or trading tool due to its volatility. It started at around 11 cents in July ’17 and went up to $368.15, so it might be worth a look. The live BNB price today is 368.15 USD with a 24-hour trading volume of 1,391,186,135 USD. BNB is down 1.99% in the last 24 hours. The current CoinMarketCap ranking is 4th with a live market cap of USD 60,787,965,790. It has a circulating supply of 165,116,761 BNB tokens and has a max. It has a coin supply of 165,116,760 BNB.
XRP. Even if Ripple has to pay a substantial sum to settle the case that most experts are betting against, it can still start once the settlement terms are announced. XRP is the native cryptocurrency of XRP Ledger, an open-source, public blockchain designed to facilitate faster and cheaper payments. Sending payments abroad using the legacy financial system usually takes one to four business days and can be expensive. If one uses XRP as a bridge currency, it is possible to conduct cross-border transactions on the open-source XRP Ledger blockchain in less than five seconds, at a fraction of the cost of more traditional methods.
XRP alternative for money transfer
What makes XRP attractive to many proponents is that it is much faster and faster than any bank accepting XRP anywhere in the world for around $0.25 per transaction. It’s the ability to transfer money cheaper than most transfer services like Western Union (WU) or PayPal’s Xoom. WU can charge $15 or up to $20 for money transfer, and the Xoom is $4.99. So you can see how those who regularly transfer money can benefit from it. Live XRP price today is $0.765860 with 24-hour trading volume of 2,313,211,198 USD. XRP is down 4.14% in the last 24 hours. The current CoinMarketCap ranking is 6th with a live market cap of USD 36,796.597,252. It has a circulating supply of 48,046,106,688 XRP tokens and a max. It has a coin supply of 100,000,000,000 XRP.
LUNA. The news that the Luna Foundation Guard (LFG) has created a reserve in Bitcoin caused the markets to react positively. This will serve as an extra layer of stability and security for altcoin Terra USD, which is currently struggling with sharp price fluctuations due to the low liquidity situation on exchanges. LFG has announced that it will invest $1 billion to build Bitcoin reserves. The live Terra price today is 91.71 USD with a 24-hour trading volume of 2,926,260,892 USD. Terra has increased by 5.09% in the last 24 hours. The current CoinMarketCap ranking ranks 7th with a live market cap of USD 34,193,657,142. It has a circulating supply of 372,834,416 LUNA coins.
Cardano (ADA) the next altcoin
Cardano is one of the few promising blockchains known as “Ethereum killers” due to their speed and scalability. Cardano (ADA) is trying to rebound strong support at $0.74 but the effort is not convincing. A minor positive is that the RSI is showing the first signs of positive divergence, indicating that selling pressure could drop. Live Cardano price today is 0.807902 USD with a 24-hour trading volume of 1,043,4444.865 USD. Cardano is up 1.80% in the last 24 hours. The current CoinMarketCap ranking ranks 8th with a live market cap of 27,216.086,311 USD. It has a circulating supply of 33,687,348,167 ADA coins.
LEFT. Solana can process many more transactions per second and charge much lower transaction fees than competing blockchains like Ethereum. Solana is a proof-of-stake (PoS) blockchain and also uses a new technology called Proof-of-History (PoH). SOL uses this creative hybrid consensus to increase scalability and extremely short transaction times to attract both institutional and small-cap traders. The hope is to make decentralized finance (Defi) more accessible to everyone. Solana is down 0.59% in the last 24 hours. The current CoinMarketCap ranking ranks 9th with a live market cap of USD 26,209,940,399. It has a circulating supply of 323,087,522 SOL coins.
Conclusion
A valid reason to invest in one of the six altcoins above is your desire to hedge against inflation or keep it. Also, many cryptocurrencies are volatile enough to buy and hold for future growth. Using the DCA investment method, you can buy a certain amount each pay period as the market goes up and down. Storing your fiat currency in a decentralized digital currency that is not prone to inflation. However, be smart about the crypto you invest in because some are created as scams to lure you in and never allow you to withdraw funds. However, there is no guarantee that these or any investment will increase in value. However, with some altcoins, you have the option to stake them and receive interest during the staking period.
46650
