THE BEST CRYPTOCURRENCIES TO BUY AND HOLD DURING JULY'S FIRST WEEKEND.
Cryptocurrencies are the most recent investment trend that is unlikely to fade away anytime soon. Market volatility can cause prices to rise or fall by a large margin, opening up a plethora of investment options for potential investors. ?
If you haven't yet invested in cryptocurrency and are looking for the best cryptocurrencies to diversify your cryptocurrency portfolio, check out these top cryptocurrencies
These cryptocurrencies promise great potential :
1. Bitcoin
There are a lot of Bitcoin rumours floating around. Some believe Bitcoin is doomed, while others believe Bitcoin's market dominance is about to wane. Despite the "death cross" that hangs over Bitcoin, by the end of June, it had surpassed the US$30,000 level. This demonstrates Bitcoin's enormous potential.
2. Algorand
Although Algorand is a lesser-known cryptocurrency, according to Coindesk's study, it had the lowest monthly losses in June. Algorand is a decentralised open-source blockchain with a two-tiered structure that attempts to improve transaction speeds.
3. Filecoin
Filecoin is another open-source cryptocurrency that was created with the goal of serving as a digital storage and data retrieval method. Filecoin crypto allows users to rent excess hard drive space, which is a useful feature for everyday computing.
4. Tezos
Tezos is a low-risk cryptocurrency that is relatively inexpensive. Tezos' USP is its capacity to undergo long-term upgradability, which means that new ideas will inevitably emerge on this blockchain network. Open involvement, collaboration, and smart contracts are also possible.
5. Cardano
Cardano is now a third-generation cryptocurrency with one of the most advanced blockchain networks. Its technology provides developers with unrivalled security, long-term viability, and the greatest smart contract platforms available. With the expectation of new features, Cardano is projected to have a bullish streak following its performance in June.
6. Litecoin
The usefulness element of Litecoin is pretty unique. It may be used by anybody, anywhere, and it eliminates the need for a middleman. Litecoin is the 14th-largest cryptocurrency by market capitalization as of June. In 2010, Litecoin was one of the first altcoins to be released.
7. NuCypher
On decentralised storage systems and blockchain networks, NyCypher provides end-to-end encrypted data sharing. There are three compelling reasons to invest in this cryptocurrency. To begin with, this coin has a low circulating supply, a small market cap, and strong technological support, indicating that it has a wide range of applications. As a result, it's a low-risk purchase.
8. Etherum
Ethereum is the second most valuable cryptocurrency. Experts believe Ethereum has the potential to overtake Bitcoin as the most dominant cryptocurrency on the market.
9. Bitcoin Cash
The first part of Bitcoin Cash's name is shared by Bitcoin and everything else. The goal of Bitcoin Cash was to make it better than Bitcoin by taking advantage of all the chances that Bitcoin had missed. As a result, experts believe Bitcoin Cash will soon reach its full potential.
10. Yearn Finance
Yearn Finance is a cryptocurrency that works on the Ethereum blockchain and is supported by Yearn Finance's platform. This platform is used to optimise yields and move money around the DeFi ecosystem. It was worth US$32,279 at the start of July. It's an open-source decentralised finance lending technology that lets users make the most of their money.
