7 Cryptos You Can Still Rely On Despite The Current Chaos

Cryptocurrencies have been one of the hottest investments in recent years. Unfortunately, recent market conditions have been difficult for digital assets. In 2022, the market capitalization of cryptos fell by more than 58%. Yet, despite recent losses, cryptos still have a lot of potential. Therefore, there are multiple opportunities for investors to load up on different cryptos to buy.

When choosing which cryptos to invest in, it is important to consider both the potential benefits and the risks involved. Some cryptos are much riskier than others, so it’s important to balance growth potential with security

Perhaps the most compelling argument for investing in cryptos right now is that they are remarkably discounted. This year, markets have taken a monumental beating as the Fed continues to wage its battle against inflation by raising interest rates. Nonetheless, there are a few cryptos you can load for long-term gains. Most experts point to incredible gains from current levels for all cryptos to buy, discussed in the article.

Cryptos to buy: Bitcoin (BTC-USD)

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Bitcoin (BTC-USD) has been the most popular and discussed cryptocurrency. Although its price is often volatile, it has seen significant growth over the past few years, becoming a viable investment for many people. One of the main reasons for Bitcoin’s success is its underlying blockchain technology, which enables secure and transparent transactions. Moreover, the limited supply of BTC gives it a scarcity value. Consequently, some of the biggest names in the investment world have turned to Bitcoin, making it the go-to digital investment for institutional investors.

Although Bitcoin still dominates the market in terms of overall market capitalization, its lead has diminished in recent years. Multiple high-growth projects have sprung up and all have seen explosive growth during the pandemic years. Nonetheless, BTC remains the undisputed price and liquidity leader and is unlikely to lose its position among the top cryptos to buy anytime soon.

Cryptos to buy: Ethereum (ETH-USD)

A stack of ether or ethereum coins on a gold background.

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Ethereum (ETH-USD) is among the two most valuable cryptocurrencies by market capitalization. Granted, the platform powers the biggest technologies in the blockchain space and is essentially a separate ecosystem with its own currency (Ether), governance model, and developer community. It’s hard to overstate the importance of Ethereum in the DeFi and NFT space; without it, most of the projects currently underway would not exist.

Perhaps the biggest news for the platform this year was the completion of its highly anticipated 2.0 update. As part of the “merger”, it can efficiently process transactions with 99.5% less power consumption. Additionally, its co-founder Vitalik Buterin points to other upcoming updates that could further boost the platform’s effectiveness. Therefore, ETH is a no-brainer for those looking for exposure to the crypto space.

Cryptos to buy: Solana (SOL-USD)

Solana Coin (SOL-USD) in front of the Solana logo.  Solana Price Predictions.

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As Ethereum has dominated the DeFi space for years, a new challenger has emerged that promises to deliver a better experience for end users. Solana (SOL-USD) is a Layer 1 blockchain that offers incredibly fast transaction speeds and low costs. Based on a unique proof-of-history validation mechanism, the platform can process thousands of transactions per second for a fraction of a penny each.

These benefits have already led to a significant amount of DeFi activity on Solana, and many investors believe the platform has the potential to dethrone Ethereum as the leading DeFi protocol. Additionally, its lead in the NFT space has grown at an incredible rate, with record business activity this year. Therefore, with its strong foundation, Solana is well positioned to become the leading platform in the DeFi and NFT space.

Cryptos to buy: Polkadot (USD-DOT)

Golden Polkadot (DOT-USD) dot coin cryptocurrency on computer electronic circuit board background

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spotted (USD-DOT) unique architecture allows different blockchains to interact while maintaining the individuality of each chain. This allows for flawless flexibility and efficiency for every blockchain. In addition, its parachains provide a high level of security for all connected chains. Therefore, the platform enables complex projects spanning multiple blockchains to run efficiently. It is an extremely powerful and secure platform that can support a wide range of applications.

Polkadot recently made headlines due to Deutsch Telekom, Europe’s largest telecommunications company, which recently bought a ton of DOT. The move potentially signals a new era of mainstream cryptocurrency adoption. Moreover, at its current levels, the DOT is more attractive than ever. As a result, Polkadot could have a bright future if an adoption like this continues to take hold.

The sandbox (SAND-USD)

The Sandbox (SAND) logo displayed on a mobile phone.

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The sandbox (SAND-USD) is a blockchain-based metaverse game. In its virtual world, players can create, sell, collect and buy digital assets in the form of non-fungible tokens. Moreover, it is powered by the Ethereum blockchain, ensuring that all assets are stored securely on the blockchain. Also, it is meant to be a fully immersive experience where users can explore the metaverse and interact with other users in different ways.

The SAND token saw immense growth at the end of last year, but since then it has lost a ton of value. Nevertheless, it remains an ambitious project that has the potential to change the way we think about online games and virtual worlds. SAND could be a fascinating play in the niche for investors looking to capitalize on the metaverse trend.

Binance Coin (BNB-USD)

A Binance coin sits in front of the trading charts.  Binance Price Predictions

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Binance Coin (BNB-USD) is the leading crypto exchange by volume. The platform was processing $76 billion in transaction value per day at one point last year. Perhaps the most intriguing thing about BNB for investors is that it takes a portion of BNB transactions and burns them at regular intervals. It effectively decreases the supply of BNB, increasing its value over time.

The real advantage for BNB is Binance’s position as a juggernaut in the crypto space. As the platform grows, the transaction volumes increase. This actually leads to more expense for the business. Therefore, as Binance continues to increase its fee base, BNB will experience healthy growth in value. Therefore, it presents itself as one of the few long-term players in the crypto industry.

gimbal (ADA-USD)

A concept coin for Cardano (ADA).  Cardano Price Predictions

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gimbal (ADA-USD) is another top cryptocurrency developed with a focus on sustainability and scalability. Its formidable development process, which effectively targets network bottlenecks, sets it apart from the pack. Once the development process is complete, the network could potentially process 3 million transactions per second.

Cardano is built on a unique peer-reviewed secure blockchain protocol called Ouroboros. The protocol enables relatively fast transactions at lower costs than its peers. Moreover, with new updates, Cardano continues to add new features that have strengthened its long-term positioning. With its new Alonzo upgrade, the blockchain effectively supports smart contracts that allow developers to build decentralized applications (dApps) and explore DeFi and NFT realms. As a result, over 1,000 dApps are running on its platform, with new additions every month.

As of publication date, Muslim Farooque held a LONG position in Solana and Ethereum. The opinions expressed in this article are those of the author, subject to publishing guidelines.

Muslim Farooque is a passionate investor and an optimist at heart. A long-time gamer and tech enthusiast, he has a particular affinity for analyzing tech stocks. Muslim holds a Bachelor of Science in Applied Accounting from Oxford Brookes University.


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