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Share the best cryptocurrency to buy

Cryptocurrencies have become more and more popular in the past few years. Up to now, there are more than 1800 cryptocurrencies! This number is still growing. Cryptocurrency brings us many conveniences and benefits. With cryptocurrencies, transaction costs are almost zero – unlike the cost of transferring money from a digital wallet to a bank account. You can trade during the day or at night, and there is no restriction on purchases and withdrawals. Unlike opening a bank account, anyone can use cryptocurrency for free. This article will share the best cryptocurrency to buy. You can also purchase them through the best crypto exchange CoinW. CoinW is recommended because it offers zero transaction fees.

The best cryptocurrency to buy now

ADA

It is worth noting that Cardano adopted proof of interest verification in the early stage, although it entered the encryption industry later. By eliminating the competitiveness of transaction verification and solving problems in systems such as Bitcoin, this method reduces energy consumption, improves transaction speed, and has less negative impact on the environment. Like Ethereum, Cardano uses its native token ADA to power smart contracts and decentralized applications. Compared with other important cryptocurrencies, the growth of Caldano ADA token has slowed down. The cost of ADA was US $0.02 in 2017. Its cost will be USD 0.99 on March 1, 2022. This means an increase of 4850 percent. The current market value exceeds 33 billion US dollars.

SOL

Solana was created to support the use of decentralized finance (DeFi), decentralized applications (DApps) and smart contracts. It uses a special mixed equity certification and historical certification mechanism to operate, which helps to process transactions quickly and safely. The platform is run by Solana’s native token SOL. SOL starts at $0.77 when it is launched in 2020, and by March 2022, its price has soared to about $100. The growth rate is about 13,000%. The current market value exceeds 33 billion US dollars.

DOT

Polkadot (DOT), founded in 2016, is a unique blockchain connection protocol designed to link various chains together. In addition, it also supports secure data exchange and transaction processing of parallel chains or parallel blockchains. Developers can use Polkadot security to build their own blockchain. Gavin Wood, the core founder of Ethereum, also developed Polkadot. The interesting thing about DOT is that there is no strict upper limit on the total supply. Instead, always distribute a new token. Polkadot’s price reached a peak of US $6.30 in May 2020, and then reached a new historical high of US $55.11 in May 2021.

When is the best time to invest in cryptocurrencies?

Generally speaking, there is never a simple method to determine the time when you enter the market perfectly, because there are several factors that affect the price of cryptocurrency. However, when there are fewer active traders in the market, the price of cryptocurrencies is usually lower. This usually makes weekends and evenings the best time to buy cryptocurrencies. But always remember to incorporate technology, fundamentals, and emotional analysis into your transaction and always do your own research. Of course, you can get all this information through the CoinW platform.

Final thoughts

The most suitable cryptocurrencies are not only those. Bitcoin, Ethercoin, etc. are all worth choosing, but their prices are too high for all players. The cryptocurrencies that are suitable for buying are not immutable. We need to constantly obtain information through CoinW to understand the price fluctuations of currencies in different periods of time and the occurrence of some special events to choose and buy them.

Jack henry
Jack henry
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