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- 1 The investment options in the crypto domain are getting better day by day.
- 2 With some major coins, investors can earn plenty of profits and ensure the same for the future too.
Cryptocurrency was and will remain an alluring investment option. Recently, the price surge in Bitcoin proved once again that this fintech solution has the power to move the markets. Moreover, it is now gaining attention from traditional finance players. The US and Europe are on the cusp of regulating it. All these factors are working in favor of cryptocurrency.
As a result, it is gaining attention from crypto investors who are keen to make a quick buck. Based on the study of markets, a few digital assets have emerged as the most lucrative options.
Cryptocurrency That You Must Put Your Money This Month
Due to several factors, these digital assets have emerged as a perfect opportunity for investors.
1. Bitcoin
Bitcoin is in vogue right now due to so many reasons. It was already following an uptrend and in the meantime, the finance giant BlackRock filed for its exchange-traded fund (ETF). It boosted the price movement even more and took it upwards. According to many analysts, the lawsuits filed on Binance and Coinbased by SEC also played a role in it. Whatever the reason, the investors are very happy with the outcome.
2. Ethereum
Ethereum is the second most valuable cryptocurrency. In terms of scalability and innovation, it is way ahead of any other assets in the space. The wide ecosystem of ETH has shot off many other protocols. Recently, it rolled out Ethscripts which is giving tough competition to Bitcoin Ordinals. As a result, it is consistently going up and gaining value. This token is an evergreen investment option for crypto enthusiasts.
3. Cardano
Cardano got quite popular due to its early adaption of the proof-of-state algorithm. It makes transactions faster and lowers energy consumption too. At the same time, it solves many existing problems of blockchain through the validation process. It also enables smart contracts and becomes a great support to decentralization applications. In the last few years, Cardano got hugely popular among investors.
4. Solana (SOL)
Solana has emerged as a conducive mechanism for decentralized apps, smart contracts, and DeFi-based applications. It combines proof-of-history and proof-of-stake protocols to streamline transactions. Its native token SOL has become hugely popular among investors. Back in 2020, it managed to command a price of $0.77/token. Today, it is selling at $21 with a hike of 13,000%. It surprised investors and critics alike.
5. XRP
The brainchild of the Ripple founders, XRP soon emerged as one of the major contenders in the altcoin category. It optimizes payment processing and emerges as a very feasible digital technology. It facilitates the payment of cryptos as well as fiat currencies. At the time of launch in 2017, the token had a value of $0.006/unit. Its price rise has impressed everyone including investors.
Conclusion
Cryptocurrency gives you so many opportunities to earn with different digital assets. They do much more than just diversify your portfolio. Besides ensuring lots of profits, they make you familiar with the power of blockchain. With investment in cryptos, you can certainly make the most of your money. Furthermore, the domain is evolving at a steady pace and giving you so many options for investment. Even a small and apparently insignificant meme coin can pave the way for millions of dollars in return.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
