Top 5 cryptocurrencies to buy in Dip – Best Crypto to invest in February 2022

Top 5 cryptocurrencies to buy in Dip – Despite the fact that 2021 was an interesting year for cryptocurrencies, the year 2022 has introduced new obstacles to this space. Since the beginning of the year, even popular digital assets like Bitcoin and Ethereum have been struggling to make ends meet. While cryptocurrencies are a fascinating investing paradigm, they are fraught with dangers and high volatility.

As a result, experts always advise cryptocurrency users to invest only a small amount in digital tokens. Cryptocurrencies should make up only 5% of a person’s financial portfolio, for example. Because everything in the virtual world is uncertain. Bitcoin and Ethereum were both at record highs of US$68,500 and US$4,800 just three months ago.

Best Crypto to invest in February 2022

Best Crypto to invest
Best Crypto to invest

BTC, on the other hand, is now at a crossroads. Other cryptocurrencies will soon suffer the same fate as Bitcoin once it falls under the radar. When BTC is on the down, however, a few cryptocurrencies rise to prominence.

These affordable digital tokens will serve as an excellent investment source for cryptocurrency enthusiasts. Analytics Insight has compiled a list of ten incredible cryptocurrencies that can be purchased for as little as $10 in this article post. In the long run, these cryptocurrencies are both inexpensive and profitable.

Top Cryptocurrencies to Buy Under $10 – Best Crypto to invest in February 2022

Here we will be sharing a list of cryptocurrencies that you can look forward to buying, with a long-term perspective of at least 2-3 years. These crypto coins have a huge growth potential in the next bull run and will give investors a very hefty return on their investment.

Please note that you should do DYOR (do your own research) before buying any of the cryptocurrencies that have been mentioned in this post.

Top cryptocurrencies to buy in Dip – 2022

Cardano (ADA)

Cardano (ADA)

Cardano is emerging as a key ‘Ethereum Killer’ in 2022, in addition to being a direct competitor to Bitcoin. It has a clear advantage over ETHER in the market due to its simple transaction mechanisms and cheaper costs.

Cardano’s internal system, which mimics the Ethereum network, is another factor that contributes to its success. Cardano was created by Charles Hoskinson, one of Ethereum’s co-founders.

As a result, in addition to his blockchain talents, he has an understanding of Ethereum. Cardano’s market capitalization was $41 billion at the time of writing.

Cardano, a public, open-source, decentralized blockchain with a proof of stake consensus (PoS) architecture, was released by Hoskinson in 2017.

A PoS system not only outperforms Ethereum’s proof of work (PoW) in terms of energy consumption and hardware requirements, but it also enables Ethereum-like smart contracts and peer-to-peer transactions.

As a result, Cardano is classified as one of the ‘Ethereum-killers,’ a group of third-generation blockchains that aim to outperform Ethereum.

Solana (SOL)

Solana (SOL)
Solana (SOL)

Solana is a blockchain platform for decentralized and scalable applications. Solana is an open-source project now managed by the Solana Foundation in Geneva, with the blockchain developed by Solana Labs in San Francisco.

In comparison to other blockchains like Ethereum, Solana is substantially faster in terms of transaction processing and has significantly cheaper transaction costs.
Solana (SOL-USD), the cryptocurrency that operates on the Solana blockchain, has risen about 12,000 % in 2021, and it now has a market capitalization of over $66 billion, making it the fifth-largest cryptocurrency by this metric.

In November 2017, Anatoly Yakovenko, a co-founder of Solana, issued a whitepaper detailing the Proof of History (PoH) idea. PoH is proof that is used to encode the trustless passage of time into a ledger. It is used to validate the sequence and passage of time between events.

According to Yakovenko’s whitepaper, blockchains that were publicly available at the time did not rely on time, with each node in the network relying on its own local clock without knowledge of the clocks of other network participants.

Because there was no reliable source of time (i.e., a standardized clock), there was no guarantee that when a message timestamp was used to accept or reject a message, every other network member would make the same decision.

PoH overcomes this barrier, allowing every node in the network to rely on the ledger’s recorded passage of time on a trustless basis, which is essential to blockchain’s operation.

Terra Luna (LUNA)

Terra Luna (LUNA)
Terra Luna (LUNA)

Terra is an open-source blockchain platform for algorithmic stablecoins backed by regular fiat currencies. Terra’s native currency, Luna, is a network-wide token that has played a critical role in the platform’s growth.

Luna, the native token of the Terra blockchain network, has climbed to a new all-time high of $90, extending gains for the fourth month in a row and defying the overall altcoin market’s slump. After Ethereum, it is presently the second-largest smart-contract platform.

According to Coinmarketcap, it is the 9th largest cryptocurrency with a total market cap of nearly $34 billion, surpassing Polkadot and Avalanche. Luna has increased by about 12,000 % in the last year, starting at less than $1 at the beginning of the year.

One of the authors of the original Terra white paper is Terra Do Kwon’s co-founder. Based on the belief that a price-stable cryptocurrency combines the greatest aspects of fiat currencies and Bitcoin, the report proposed Terra, a cryptocurrency that is both price-stable and growth-driven (BTC).

Luna, Terra’s native currency, was created for governance and mining and can be used to issue stable coins, pay network fees, and vote in governance elections. It is a network token with a wide range of uses that is critical to the terra platform’s success.

Binance Coin (BNB)

Binance Coin (BNB)
Binance Coin (BNB)

Binance Coin is a cryptocurrency that was created by the Binance exchange and is traded under the symbol BNB. Binance Exchange is the world’s largest cryptocurrency exchange as of June 2021, with over 1.4 million transactions per second.

Binance currency was originally based on the Ethereum blockchain and followed the ERC 20 standard, but it has subsequently become the Binance chain’s native token. It was launched in July 2017 as part of an initial coin offering (ICO) with a cap of 200 million BNB tokens.

Through the ICO process, it provided 10%, or 20 million BNB tokens, to angel investors, 40%, or 80 million, to the founding team, and the remaining 50%, or 100 million, to the various participants.

Almost half of the funds raised during the ICO were intended for Binance branding and marketing, with the remaining one-third going toward building the Binance platform and making essential updates to the Binance ecosystem.

BNB is the native currency of Binance’s own blockchain, the Binance chain, and was originally based on the Ethereum network.

Although the initial ICO provided 100 million Binance tokens, the actual total supply is smaller. Binance spends one-fifth of its revenues every quarter to repurchase and permanently destroy Binance tokens held in its treasury, a process known as “burning.”

These burning activities have been held by Binance on a regular basis. The most recent BNB burn took place on April 15, 2021, when Binance burned a total of 1,099,888 BNB, which is equal to $595,314,380 USD in tokens.

It’s Binance’s 15th quarterly BNB burn, and the company’s largest in terms of dollars. BNB supply has fallen from 170,532,825 to 169,432,937 units.

Polygon (MATIC)

Polygon (MATIC)
Polygon (MATIC)

Polygon, formerly known as the Matic Network, is a scaling solution that seeks to give several methods to boost the speed of transactions on blockchain networks while lowering the cost and complexity.

Polygon’s goal is centered on Ethereum, a decentralized application platform that allows you to join virtual worlds, play games, buy art, and participate in a variety of financial activities. However, with so much activity on its blockchain, Ethereum has become nearly unusable, since transmission costs are growing and traffic is becoming choked.

Then there’s Polygon. Polygon bills itself as a layer-2 network, which means it works as an add-on layer to Ethereum that does not intend to alter the original blockchain layer. Polygon, like its geometric namesake, has numerous sides, shapes, and applications, and it provides a more straightforward framework for creating interconnected networks.

Polygon wants to see Ethereum grow in terms of scale, security, efficiency, and utility, as well as encourage developers to create more appealing products.

Polygon is a multi-level platform that intends to grow Ethereum by using a myriad of sidechains to unclog the main platform in a cost-effective and efficient manner.

If you’re not aware of sidechains, they’re separate blockchains that are linked to the main Ethereum blockchain and can support a variety of Decentralized Finance (DeFi) protocols.

Related Posts

Swastik
I love Crypto, and when I'm stressed out I play some Games! 😉

2 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

  • bitcoinBitcoin (BTC) $ 29,329.00 1.62%
  • ethereumEthereum (ETH) $ 1,802.90 8.11%
  • tetherTether (USDT) $ 1.00 0.15%
  • usd-coinUSD Coin (USDC) $ 1.00 0.12%
  • bnbBNB (BNB) $ 306.31 6.67%
  • xrpXRP (XRP) $ 0.394075 3.92%
  • binance-usdBinance USD (BUSD) $ 1.00 0.14%
  • cardanoCardano (ADA) $ 0.481732 7.26%
  • solanaSolana (SOL) $ 43.65 10.02%
  • dogecoinDogecoin (DOGE) $ 0.078519 6.89%