Top 5 Coins to Invest in to Grow Your Crypto Portfolio

What Are Cryptocurrencies?

A cryptocurrency is a digital asset that can circulate independently of a bank or government. There are currently 21,830 cryptocurrency projects available, representing the entire $802 billion crypto market.

Solana

Solana is a top Ethereum competitor who has been renamed the “Ethereum killer.” The platform’s creators stated that the platform aims to outclass competitor blockchains in terms of efficiency, and the network has done so successfully.

Solana is a useful open-source network with a permission less layer-1 blockchain. It has lots of advantages for investors because it is the preferred platform for developing dApps and NFTs. The platform’s most impressive and game-changing feature, however, is its ability to support 65,000 transactions per second (TPS) with near-zero and super-low gas fees.

E.g., the value of all cryptocurrencies changes over time. For example, the COVID-19 pandemic prompted market volatility, having caused many cryptocurrencies to lose value. However, Solana has recently continued to grow while the larger crypto market has lost some value.

It also has its own blockchain technology, a hybrid of proof-of-stake and proof-of-history that underlie each transaction. With thousands of cryptocurrencies on the market, SOL stands out by trying to demonstrate reliable growth and potential, making it one of the best coins to invest in to expand your portfolio.

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Chainlink (LINK)

Chainlink has come a long way since it was founded. Oracles that enable smart contracts to execute securely in response to verifiable real-world events are critical, as smart contracts serve as the foundation for DeFi (decentralized finance).

Chainlink (LINK) is a cutting-edge cryptocurrency that brings investment and security to the crypto world. It aspires to be a trustable and secure link between blockchain and other distributed computing networks, allowing users to seamlessly fund from one platform to another while maintaining complete control over their investment. It is an attractive investment option, and experts consider it to be one of the best coins to invest in to boost your portfolio.

Through a limited number of sources, Chainlink initially provided cryptocurrency price data to DeFi protocols such as Aave. It now, however, encompasses a much broader range of activities.

Over 1,000 projects are now part of the ecosystem, with 700 Oracle networks securing more than $75 billion in value a tenfold increase from 2020 levels and accessing more than one billion data points.

All of this growth contributed to LINK’s 52% year-over-year growth earlier this year. AccuWeather and the Associated Press have also partnered with Chainlink to verify data, and former Google CEO Eric Schmidt has joined as an advisor, indicating that big tech and media are taking notice of Chainlink’s expanding applications.

Chainlink will be one of the most popular cryptocurrencies in the coming years, thanks to its solid track record and potential for consistent growth. So, if you’re looking for a dependable and long-term investment opportunity, Chainlink (LINK) is your best option.

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The Sandbox

The Sandbox is a virtual reality game that allows users to simulate real-world activities in the Metaverse. Collaborations with established gaming companies such as Atari currently benefit the brand. Much of the trading volume is produced by the creation and trading of NFTs, as well as the design goal of allowing players to create NFTs using SAND tokens.

In 2012, The Sandbox was released as an open-world mobile game. The game was released on Steam for PC in 2015. On November 29, 2021, the Sandbox’s alpha version was released.

The game is well-known for its two major mobile hits, The Sandbox (2011) and The Sandbox Evolution (2016), which have over 40 million downloads on iOS and Android combined. Furthermore, Pixowl, a mobile game developer/publisher, chose to migrate its popular User Generated Content gaming IP and a large producer community to the blockchain environment in 2018.

The Sandbox saw significant growth during the 2021 NFT craze, outdoing $1 in the final quarter, and has since continued on an upward trajectory. The coin is expected to maintain its current growth rate, making it one of the best coins to invest in to expand your portfolio.

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Shiba Inu (SHIB)

Shiba Inu is one of the most well-known meme coins in the cryptocurrency world today. While the price fell in the first quarter of 2022, the hype surrounding it and other memecoins remains strong. As a result, investors believe Shiba Inu is one of the best coins to invest in to invest your portfolio.

Shiba Inu is one of the most affordable cryptocurrencies on the market today. SHIB is currently trading at $0.000008881, making it an attractive investment for new investors who want to get into cryptocurrency but require a larger investment. Investors expect it to perform well in the long run as a result of its hype, which adds to its attraction as a cheap cryptocurrency to buy today.

Another reason to buy SHIB right now is its tokenomics. When Shiba Inu first entered the market, there were one quadrillion tokens in circulation. By mid-2021, nearly half of this supply would have been removed from the market. This followed Vitalik Buterin’s decision to burn the 50% of tokens allocated to him by the Shiba Inu team when they launched.

Shiba Inu has continued to burn tokens since then. In April 2022, the team launched a token burn platform. As a result, SHIB tokens will become scarce over time. According to demand and supply economics, it has the potential to become one of the best-performing meme coins in the future.

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Tether (USDT)

Tether is the largest stablecoin by volume and has totally changed the interest of many crypto enthusiasts around the world. The stablecoin is a popular option among young international investors passive income without having to risk a large sum of money. Tether is undoubtedly one of the top coins, and its market capitalization will soar in the coming months.

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Binance Coin (BNB)

BNB, the most valuable exchange token on the market, was introduced by Binance, the industry’s major crypto exchange. BNB is also becoming more useful as Binance expands its market..

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Disclaimer:

The information in this article is solely the author’s opinion and does not constitute investment advice; it is provided solely for educational purposes. By using this, you acknowledge that the information does not constitute investment or financial advice. Before making any investment decisions, do your own research and consult with financial advisors.