There are many options in the crypto space to buy. We’ve written about the most popular ones, including Bitcoin, Ethereum, Solana, and FTX Token. But which cryptocurrency is best for UK investors? Let’s break it down. What’s the best cryptocurrency to buy now? Read on to find out. And don’t forget to keep up with the latest news about the cryptocurrency market! After all, it’s only going to get better, right?
Bitcoin
After a strong year in 2021, the cryptocurrency market is slowing down, but it’s still riding a high momentum going into 2022. Big dogs like Bitcoin were able to reach new highs while plenty of new cryptocurrencies entered the scene with promising potential. As these currencies became more integrated into the traditional financial system, the question has arisen, which cryptocurrency is best to buy now? Two Motley Fool contributors believe that the two best coins to invest in now are Solana and Ethereum.
Bitcoin is the king of the crypto world, dominating the market capital and making headlines in the mainstream and online media. It was created by a mysterious figure known only by a pseudonym named Satoshi Nakamoto and is considered to be the cash of the future. Whether you’re looking to invest in bitcoin or another currency, there’s no better time than now to get involved. To begin with, make sure you’re aware of the risks involved with cryptocurrency investments.
Solana
Solana is a blockchain-based digital currency. Its rapid growth and relatively low transaction costs make it a good choice for novices looking to get into the cryptocurrency space. Developers claim that the cost of each transaction is under one cent. While it’s not necessary to be an expert to invest in cryptocurrency, buyers should at least understand the basics of network technology. Then, they can decide whether or not to purchase Solana.
Solana has many advantages over its peers. First, it is designed to be a high-performance permissionless blockchain that can process 2,000 transactions per second. This makes it a serious competitor to Ethereum, which is the second-most-popular cryptocurrency by market capitalization. Ethereum, which supports smart contracts, is a popular choice because it allows developers to build decentralized applications without any central authority. However, Ethereum’s popularity has made it slow and expensive.
FTX Token
While Ethereum has overtaken FTX Token in terms of return of investment in the past year, this native currency is still not yet positioned as an investment-worthy cryptocurrency. The FTX set of features aims to solve the problems facing the existing derivatives exchanges, including low liquidity, time-consuming trading procedures, and so-called ‘clawbacks’ (when money is seized from a large group of investors to settle the bankruptcy of a single individual). FTX Token is a promising asset, and there are many reasons to buy it now.
FTX Token was created to fix issues associated with other derivatives exchanges, including poor liquidity and “clawbacks” (when someone takes money from investors in an ICO). The coin‘s underlying technology enables users to trade a variety of assets on its platform, including stocks, futures, and leveraged tokens. FTX Token is one of the best cryptocurrencies to buy now, as it is supported by a dedicated team of experts that work around the clock.
Binance
If you want to buy a crypto asset, one of the best choices right now would be Binance. This cryptocurrency exchange is led by Changpen Zhao, the CEO of Binance, who has proven his ability to create a successful venture. His coin is among the most liquid, with a constant growth in trade volume. Its price stability is also impressive, with a x3 multiplier during early 2019. Many analysts consider this cryptocurrency to be the most promising one to buy.
In addition to its use as a trader’s currency, Binance is launching its decentralized exchange. Binance Coin is the native currency of the Binance ecosystem. This is a utility token that powers the Binance exchange and a number of blockchain-related projects. Furthermore, it has numerous use cases beyond trade, including investment and payment processing. It is a great asset to buy now because its price is expected to increase by 300% by 2022.