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Best 7 Cryptocurrencies to Buy in August 2022

Cryptocurrency


Cardano (ADA)

In terms of security, Cardano is the best smart contract platform available. Ethereum-killers like this one aim to host all the applications, protocols, and programs supported by the Ethereum network — but with the extra benefit of being more secure, quicker in transaction processing, and less expensive. In comparison to Solana, it has taken longer for Cardano to implement these features as it requires peer-reviewed research before they can be implemented.

ADA tokens are cheap because of this sluggishness. Although Cardano is undoubtedly the stronger blockchain, it has yet to dethrone Ethereum. Because of this undervaluation, Cardano is one of the best cryptocurrencies to invest in right now.

Token prices for Cardano’s ADA tokens are expected to rise as the platform incorporates more developing crypto technology and welcomes more brand collaborations. A lot of experts believe that it has the potential to overtake Ethereum as the most popular smart contract platform, which would result in significant returns for investors.

Bitcoin (BTC)

Too far, Bitcoin has been the most successful digital asset, with its value increasing more than 100,000% in the previous decade. Coins like Bitcoin and Litecoin have become household names, investor interest in the currency has risen, and trading volumes have increased significantly.

It’s one of the best cryptocurrencies to invest in right now since it has a bright future ahead of it. As a starting point, BTC has been accepted as a legal currency in two nations, and we anticipate others to follow suit. Institutional investors are becoming more interested in crypto and the number of firms that accept Bitcoin has increased.

Due to the limited supply of BTC, all of these factors are projected to keep pushing up the price. The majority of crypto analysts and fintech professionals believe that before the turn of the decade, BTC’s price will have broken over $1 million, resulting in profits of 5000 percent or more for your crypto portfolio.

Ripple (XRP)

In terms of cryptocurrency, Ripple is one of the most promising. As a result, a majority of experts and investors believe that it has all the ingredients it needs to erupt and soar to new heights.’ In addition to working with top financial institutions throughout the globe, there is a strong following of people who are interested in the company.

However, in early 2018, XRP’s price reached a record high of almost $3. For years, an SEC litigation against Ripple Labs and its directors has kept XRP coins trading considerably below $1. The government of Vice President Joe Biden has seemed to soften its stance on cryptocurrency in recent months, though, as Ripple has won a few court fights.

Most crypto experts now believe that Ripple has a good chance of winning this lawsuit, which would result in a record-breaking increase in the value of XRPs for all holders. Because of our belief that Ripple will prevail in this lawsuit, we’ve included XRP as one of the best cryptocurrencies to invest in August 2022.

Shiba Inu (SHIB)

Shiba Inu token values rose by more than 5 million percent during the early 2021 crypto market rise.

Fundamental and technical research of the funny coin shows that prices for the second most valuable meme coin will continue to rise, but we do not anticipate a comparable increase any time soon.

SHIB is one of the best cryptocurrencies to purchase in August 2022 because some experts believe it might rise as high as 10,000% during the next market surge.

Ethereum (ETH)

Due to its ability to host almost every upcoming crypto technology, including meme currencies, web3, DeFi, dApps, NFTs, and Play-to-Earn games — Ethereum has quickly become the most widely utilized blockchain. For example, it rose from $0.30 in 2015 to about $4890 by the end of 2021, surging 16300 times.

Retail and institutional investors alike are taking an increased interest in cryptocurrency. The number of businesses, both on and off the chain, interested in using the platform has grown as well. Considering all of these factors, we decided to put it on our list of the best cryptocurrencies to invest in by the year 2022.

As a long-term investment, we consider it one of the finest cryptos since we believe it will rise in value by as much as 10,000% by 2030 and reach $100,000. And we believe that these advances may be attributed to three main variables. To begin with, the anticipated implementation of the Ethereum 2.0 upgrade is likely to significantly reduce the supply of ETH in the face of rising demand.

The second reason is that we anticipate more new cryptocurrencies to be launched here and more companies to be built on the platform, thereby maximizing the use cases for ETH tokens. Last but not least, we’ve accelerated the use of blockchain and cryptocurrency.

Cronos (CRO)

The Cronos chain’s native token is called Cronos. It also serves as the utility token for the rapidly expanding crypto.com exchange. Since it is expected to follow in the footsteps of other exchange-based digital assets, such as BNB and FTX, we’ve included it in our list of top cryptocurrencies to buy in 2022.

It’s predicted that CRO token prices could rise by up to 3000 percent in the next five years, making it a wonderful addition to any cryptocurrency portfolio.

Dogecoin (DOGE)

When it comes to the first meme currency, Dogecoin is at number ten in terms of market capitalization today. Elon Musk, crypto influencers, and a big social media following are all factors that contribute to the value of this cryptocurrency. DOGE’s value increased by more than 20000% during the early 2021 crypto market surge.

As a result, we only include it as one of the best cryptocurrencies to purchase right now due to its low price and the market’s recovery indications. Thus, the vast majority of cryptocurrency enthusiasts believe that the early 2021 profits will be replicated during the next crypto market cycle. This is why Dogecoin is the greatest cryptocurrency to invest in before the next upswing in the market takes place.

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