Contenders for the best cryptocurrency to buy right now
Cryptocurrencies are a major asset class on the global scene. Despite being relatively new, they have taken the world by storm and made a dent in the financial sector. The global crypto market is currently worth hundreds of billions of dollars, and this is in a bearish market that has sunk the value of many tokens. At some point, digital tokens were collectively worth over $2 trillion.
This article will list the best cryptocurrencies you can buy right now. They include
- Bitcoin (BTC)
Bitcoin is the world’s first mainstream digital currency, released in 2009. It remains the most popular coin with the biggest market capitalization worldwide. BTC is considered “digital gold” and is largely used as a store of value. It has many other utilities, e.g., payment for goods and services, remittances, and spending money pseudonymously.
Bitcoin reached an all-time high of $69,000 in November 2021 but has slumped to less than half that figure. If you’re convinced that the global crypto market will rebound, buying BTC is a good way to put your money where your mouth is and potentially make profits.
BTC has a maximum supply of 21 million tokens, and over 19 million have been mined so far. As it nears its maximum supply, BTC has a higher potential for appreciation.
- Ether (ETH)
Ether is another popular digital token. It’s the second-biggest digital coin with a market value of over $200 billion.
ETH is the primary coin for transacting with decentralized applications built on the Ethereum blockchain. Ethereum, in turn, is the most popular blockchain with developers and has the widest network of decentralized apps. Because of its popularity, Ether is a likely candidate for future appreciation.
Unlike Bitcoin, Ether has no maximum supply. It has a current circulation of over 120 million units.
- Binance Coin (BNB)
Binance is the world’s most popular cryptocurrency exchange and the creator of the Binance Smart Chain (BSC) blockchain. BNB is the native coin for apps built on the Binance Smart Chain.
BNB holders get discounted fees when trading with Binance. They can also stake their tokens to support the Binance Smart Chain’s operation and earn more as a reward.
BNB’s performance is deeply tied to the performance of the Binance exchange and Binance Smart Chain. The Binance exchange is the most popular worldwide, so BNB is hardly going anywhere soon. It’s a relatively safe investment that may appreciate in value.
- Pepe Coin (PEPE)
Unlike other tokens on this list, PEPE is a memecoin, a classification for tokens based on memes or humorous characters. They hardly have utility, but some memecoins get popular due to social media frenzy.
PEPE was released in April 2023 by a team of anonymous developers. It grew viral shortly after launching and is now among the top 100 traded tokens worldwide. This coin has a market value of over $400 million and a daily trading volume of tens of millions.
You can buy PEPE to speculate on virality in the crypto markets. However, note that memecoins are high-risk investments.
- Dogecoin (DOGE)
Dogecoin is the most popular memecoin. It was created in 2013 by two developers and is considered the world’s first memecoin. Though created as a joke, this token commands a market capitalization of over $10 billion. Daily trading volume amounts to a few hundred million dollars, indicating robust demand.
Dogecoin has remained popular since its launch in 2013 and is a smart choice if you want to add memecoins to your portfolio.
Where Can I Buy Crypto?
Where to buy crypto includes
- Decentralized or centralized exchanges.
- Crypto wallet apps.
- Bitcoin ATMs
- Investment apps