Arsalan Rasheed
Crypto market is very volatile and new investors without much knowledge jump into shit coins because of the hype created around the particular currency and trap by whales. So, today we are going to let you know the 5 Best Cryptocurrency to start with but it’s not a financial advise.
The Following are the list of 5 best cryptocurrencies to invest in bear market:
1. Ethereum (ETH)
2. Decentraland (MANA)
3. Solana (SOL)
4. Avalanche (AVAX)
5. Algorand (ALGO)
Solana is also a public and open-source blockchain. It supports smart contracts, NFTs, and decentralised applications (dApps) same like Ethereum.
Solana uses proof of stake and proof of history mechanisms. However transaction on Solana blockchain is very quick and cheap unlike Ethereum
Ethereum is the second largest crypto by market capitalization. Many people believes that Ethereum could surge to $8,000-$10,000 by the end of 2024. Although, the recent market crash due to high inflation and Russia-Ukraine war, the ETH price has decrease a lot.
Decentraland is a metaverse project which is currently the largest gaming cryptocurrency in terms of market capitalization. Decentraland has very economical gaming assets allowing users to purchase land, construct buildings, have parties and concerts or publish content to raise the worth of the land, which increase the interest in the game.
Avalanche is an open and programmable smart contracts Blockchain for decentralized applications (dApps). dApps are digital applications that run on a blockchain network of computers instead of a single computer. It can be developed for various purposes including gaming, finance and social media.
Algorand shows a lot of potential. It is a decentralized blockchain network supporting numbers of applications. Algorand uses proof of stake mechanism, currently working to become one of the biggest dApp (decentralized apps) network in the world. The project is currently working on a bridge to bring Ethereum compatibility to the Algorand blockchain, resultantly attract a lot of liquidity to the project.
You are welcomed by BTCORGS. If you want to understand cryptocurrency like Bitcoin & Ethereum, NFTs, Web3, and Blockchain technology than you have come to the right place.
