Cryptocurrency has come a long way since it was first brought into existence in 2009. While these digital currencies have had their ups and downs, people widely recognise them as legitimate currencies. You can buy products such as cars, jewellery, and even your morning coffee using cryptos. However, which cryptos should you be paying attention to?
The Top Five Cryptos
This guide first examines the best cryptos in the market today. While various factors are used to determine which crypto is the best, the market cap and current value are vital.
Bitcoin (BTC)
Bitcoin is the father of all cryptos and is still reigning supreme as the best cryptocurrency worldwide. Its market value is $1.85 trillion (₦3,237q if you use this currency converter), and it has also reached record-breaking levels recently, with one bitcoin worth $99,655.50 (₦174,19m). However, Bitcoin remains a volatile currency, which means its value can drop at any time without warning.
Ethereum (ETH)
Ethereum is the only digital currency that has even come close to challenging Bitcoin. Despite that, it’s not even close to having the value Bitcoin has, with a $420.19 billion (₦735,33t) market cap. Its current value is $3,488.94 (₦6,105m) per ETH. It was also the first crypto to utilise the concept of smart contracts in its blockchain, which placed it on the map. It’s also one of the most traded coins, with around $37.78 billion (₦66.115t) in trades in the last 24 hours.
Tether (USDT)
Tether is one of the relatively cheap cryptocurrencies, making it ideal for microtransactions and everyday use. It’s a stablecoin, which means its value anchors at around $1 (₦1,750) per coin. The actual value is a bit different, however, which means its real-world value is around $0.99997 (₦1,749.95) per USDT. For this reason, it has an impressive market cap of $132.67 billion (₦232,17t), as more people can use it.
Solana (SOL)
Solana used to be rated under Binance, but it’s been growing exponentially to have a market cap of $111.54 billion (₦195,195t), pushing it up to land below Tether. It has a recent low-medium value of $234.91 (₦411,092.50) and is considered one of the best currencies to invest in currently, especially if you’re a new investor. It boasts a robust web-scale platform and has only been around since 2020.
Binance (BNB)
BNB is Binance’s coin and holds a market cap of $89.95 billion (₦157,41t) in the industry. Its value is currently on the medium-high side at $624.63 (₦1,09m), and it has one of the largest cryptocurrency exchanges worldwide. This token wasn’t created for everyday use, as it was meant for use with discount trades. However, it’s grown in popularity, and now you can even use it to purchase goods.
The Three Current Fast-Gaining Cryptos.
While it’s a good idea to invest in the top cryptos, they’re often too expensive for the average person. That’s why it’s a good idea to check out which small-time cryptocurrencies are on the rise and a good way to become part of the crypto community.
●Tornado Cash (TORN): This crypto might have a rank of 440 in the crypto world, but it’s increased its worth by 444.89% in the last 24 hours. Now, it’s worth $19.443 (₦34,029.25).
●LCX: While not as big of a jump as TORN saw, LCX is impressive with its 41.10% increase in value recently. However, its current value stands at $0.26985 (₦472.24).
●Vita Inu (VINU): This crypto might not be worth much now, but that means it’s the ideal coin to buy in bulk. It saw a 37.88% increase in the last 24 hours and is now worth $0.000000036114 (₦0.000068).
However, remember that all cryptocurrencies are volatile, so it’s also a good idea to check which ones are the most volatile and how much their price increases over a longer period.
Four Cryptos With the Most Transaction Activity
Maybe the best way to check out which cryptos are the best to invest in is to look at which ones have the most transaction activity. Below is the transaction activity for the four coins leading in this category:
Tron (TRX): 8.36 million
Ripple (XRP): 2.7 million
Stellar (XLM): 2.07 million
Algorand (ALGO): 1.72 million
Two Modern-Day Uses for Cryptos
The last thing is what you can use cryptos for. They have many different uses in your everyday life, like purchasing groceries.
Investment
The most obvious use is for investment. If your timing is right, you can make thousands when investing in cryptos. For example, people who bought one bitcoin when it was worth less than $100 (₦175,000) have now gained more than $99,655.50 (₦174,19m) in returns. While investing isn’t always successful, such as when you consider that the price of Bitcoin dropped drastically in 2014/15, investors continue to keep an eye on lucrative cryptos.
Online Casino
The other steadily increasing use of cryptos is online gambling. Online Bitcoin gambling sites have become all the rage, and many platforms even support other decentralised currencies. You can deposit, play, and withdraw with cryptos at crypto casinos like the Bitcoin casino, with some casinos even allowing you to buy cryptos through them.
Enter the Future of Finance
Cryptos might still be a controversial topic, but it’s clear they’re here to stay and make an impact on the market. If you’re interested in dealing with cryptocurrencies, then ensure you thoroughly do your research before you invest.
BULL RUN IN CRYPTO
The crypto market added over $1 trillion to its total market capitalization in November during a massive bull run, with numerous assets breaking past their all-time highs. Bitcoin, the flagship cryptocurrency, surged beyond its all-time high of $73,737 just months after the U.S. elections.
Altcoins followed suit, with memecoins outperforming all other categories in November. The momentum carried into December, with Bitcoin surpassing the much-anticipated $100,000 milestone, marking a significant achievement in its history. Other notable events included XRP breaking its seven-year all-time high and memecoins like PNUT and Chill Guy creating new millionaires during the cycle.
Analysts predict the best of the bull run is yet to come, particularly with the upcoming inauguration of Donald Trump, marking the first pro-crypto administration in U.S. history. The bullish sentiment is expected to grow even stronger, driving the crypto market into a cycle more intense than the one seen in 2021.
Although the market has slightly cooled off, Bitcoin remains strong, trading at $98,670 after peaking at $103,679. XRP has overtaken Tether (USDT) to become the third-largest cryptocurrency by market cap, while Ethereum is still striving to surpass the $4,000 mark.
With the bull run expected to intensify in 2025, here are seven crypto assets likely to perform exceptionally well:
1. Bittensor (TAO)
Bittensor is a decentralized platform that enhances the integration of machine intelligence into the blockchain ecosystem. It enables the creation and exchange of AI models through its neural network. Participants can contribute AI innovations and access others’ creations seamlessly.
2. Sui (SUI)
Sui is renowned for its lightning-fast transaction capabilities, handling thousands of transactions per second. This efficiency ensures a smooth experience for decentralized application (dApp) developers and users.
Current Price: $4.00
7-Day Growth: 24.8%
3. Arbitrum (ARB)
Arbitrum offers a Layer-2 scaling solution for the Ethereum blockchain, solving issues like slow and costly transactions. It enables faster and more affordable interactions while maintaining Ethereum’s security features.
Current Price: $1.08
7-Day Growth: 17.9%
4. Aave (AAVE)
Aave is a decentralized lending platform allowing users to borrow cryptocurrencies through overcollateralized loans. Its Safety Module ensures secure operations, making it a key player in the decentralized finance (DeFi) space.
Current Price: $263
7-Day Growth: 26.7%
5. Tron (TRX)
Tron is a popular blockchain network for stablecoin transactions. The TRC-20 network has benefited from its founder, Justin Sun, who recently made headlines with significant investments and acquisitions.
Current Price: $0.4313
7-Day Growth: 45.8%
6. Hedera (HBAR)
Hedera, powered by the unique hashgraph consensus algorithm, offers a fast, secure, and energy-efficient blockchain platform. Its focus on carbon-negative and scalable technology makes it a top choice for developers.
Current Price: $0.3079
7-Day Growth: 31.3%
7. Solana (SOL)
Solana has gained a reputation for its high-performance blockchain capable of processing over 65,000 transactions per second. Its efficient and cost-effective ecosystem has made it a favorite among developers and investors. Solana’s potential in the 2025 bull run is backed by its rapidly growing adoption in DeFi and NFT spaces.
Current Price: $58.45
7-Day Growth: 18.5%
What to Expect
These seven crypto assets are poised for significant growth by 2025, supported by recent price trends and strong fundamentals. The bull run, which began in November, is expected to gain momentum following Donald Trump’s inauguration. Bitcoin is projected to surpass $150,000, leading the charge in an increasingly bullish market.
Cryptocurrency Staking vs. Trading: Which is Better?
Cryptocurrency Staking
Cryptocurrencies are becoming a new topic of interest for many investors. They present many opportunities for earning income, including via staking or trading. But, earning extra cash with cryptos is not easy. Various challenges have been witnessed by traders. That is why it is crucial to decide whether you want to stake or trade cryptos before risking your money.
Crypto trading and staking are excellent methods for earning extra cash. Still, many traders wonder which is better. Keep reading to understand the difference between the two. Ultimately, you should decide whether to choose one or combine both in your activities.
Key Differences Between Staking and Trading
If you are new to the cryptocurrency landscape. In this case, ensure you understand the difference between trading or staking the assets. This will help you make the right decisions and limit the risks of losing your money. Note that staking cryptocurrencies involves locking your digital token to a blockchain for rewards. The rewards usually come in percentages of the tokens staked.
When it comes to trading, you will risk your money in a digital token investment. This involves buying or selling a digital token with the hopes of earning future profits. Trading can also be in the form of derivatives such as CFDs. Instead of taking ownership of an underlying asset, you will speculate on the rising or falling prices. The difference at the end of the trade will be your profit or loss.
Overall, trading is more riskier than staking. This is because you will be risking your money in a volatile market without knowing whether it will bring returns or losses. With trading, you also need time commitment. This is especially when it comes to tracking your open positions and analyzing the market for solid strategies.
Whether you choose between staking or trading, you need the right cryptocurrency broker. The best choice will ensure you effectively plan and enjoy your experience. Unfortunately, there are many highly reputable cryptocurrency brokers to choose from. This means you need to conduct thorough market research for a suitable option. Alternatively, consider top expert recommendations like those on legit affiliate websites like InvestingGuide.
Combining Staking and Trading
While many investors choose between trading or staking cryptos, others prefer combining both. This is an effective strategy if you are familiar with the crypto market. It is also suitable for traders who want to maximize returns. After all, staking doesn’t carry the risks that trading does, making managing both activities easier.
To effectively create a balanced strategy. In this case, crypto traders should divide part of their crypto portfolios into staking and the rest into trading. While the strategy maximizes potential returns, it is a way to diversify your income streams. You get to reduce the impact of market volatility on your returns. Cryptocurrency staking guarantees a steady income, even during periods of market downturns. This can cover some of the losses you may have incurred in trading.
Overall, ensure you plan your activities before engaging in crypto trading and staking. Start by learning how the crypto market works and choose the right token for investment. There are hundreds of options out there. These include popular ones like Bitcoin, Litecoin, Ethereum, USDT, and more. Your choice should also be strategic, meaning focusing more on highly liquid tokens with strong price movements.
Factors to Consider When Choosing
There are various factors that you must prioritize when choosing whether to trade or stake cryptos, or both. Take a look below at some of the elements.
1) Risk Tolerance
Cryptocurrency traders who prefer risk-free activities in this market should consider staking, as it involves steady and predictable returns. It is also suitable for long-term investors since all you have to do is lock your assets and watch them grow passively. However, if you are one of those who like taking risks and achieving growth within a short timeframe, consider trading cryptos.
2) Time Commitment
Understand how much time you are willing to dedicate to an activity. Staking is more flexible and requires no monitoring once you set it up. It is an ideal option for crypto traders with limited time for research and are engaged in other personal activities. However, you must be fully committed when it comes to trading. Constant attention, involving analyzing the crypto markets and tracking open positions, is required to maximize your chances of success.
3) The Type of Cryptocurrency
As mentioned earlier, there are various types of cryptos, some liquid, others illiquid. Also, some cryptos may not support staking. Before choosing the route to take, understand the crypto you are investing in. Consider liquid ones with no staking options for trading and illiquid ones for staking, especially if you want long-term returns.
4) The Type of Broker
This is another element to never overlook. Ensure the broker you want to trade or stake cryptocurrencies with is highly regulated and gestures elements aligning with your needs. The last thing you want is to risk exposing your tokens to fraudulent individuals. Also, note that some brokers may not support crypto staking. Confirming this feature will ensure you make the best decisions.
Which is Better: Staking or Trading?
We hope you are now aware of the key differences between cryptocurrency trading and staking. The best choice should depend on your preference and skill level. Overall, both staking and trading have their benefits and pitfalls and are suitable for different types of investors. Simply ensure you understand your risk tolerance and knowledge regarding the crypto landscape for the best decision.
You can also utilize brokers’ demo accounts to explore how trading and staking work in a risk-free environment. And since the market keeps advancing with technology, employ continuous learning. This will ensure you make the best decisions at the right time, thus maximizing your potential.
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