7 Top best cryptocurrency to invest today


7 Top best cryptocurrency to invest today

Here are seven cryptos to buy if you believe digital assets will shine again

Many cryptos performed exceptionally well in 2021, bolstering the case for incorporating them in mainstream investment portfolios. The crypto industry began 2021 with a combined market capitalization (cap) of only $800 billion and concluded the year with a total worth of $2.25 trillion, nearly tripling.

However, the coin marketcap has been in a bear market since 2022. Year-to-date (YTD), Bitcoin, Ethereum, Cardano, and Solana have all lost around 20%, 30%, 20%, and 45 percent of their value, respectively. Cryptocurrencies appear to have succumbed to market sentiment shifts. This is especially obvious because the Federal Reserve's actions in reaction to rising inflation have had a disproportionate impact on the coin marketcap. As a result, the Fed and inflation are the primary market drivers.

Bulls in digital assets, on the other hand, believe that crypto can once again outperform numerous equities. Bitcoin, for example, is expected to surpass $100,000 this year as institutional acceptance grows. They also appear to be almost certain of a big cryptocurrency recovery in the next weeks.

In light of this, here are seven of the greatest crypto to invest in in February:

  1. Aave 
  1. Chainlink 
  1. Decentraland 
  1. Monero 
  1. Polygon 
  1. Storj 
  1. Waves 

Cryptos: AAVE (AAVE-USD)

Cryptos: AAVE (AAVE-USD)

Aave is a decentralized finance (DeFi) network that links cryptocurrency borrowers and lenders without the need for a middleman. The website, like traditional finance, allows users to borrow and lend various cryptocurrencies in exchange for interest payments. There are more than 30 cryptocurrencies available on the marketplace right now.

The Aave initiative was founded by Stani Kulechov in 2017. In 2020, the Aave Protocol was implemented on the network, allowing users to use real money on the platform.

To lend cryptocurrency, lenders must deposit their assets in a "liquidity pool." This pool makes use of a smart contract to connect lenders and borrowers without the use of a middleman. Borrowers can also use these liquidity pools for short-term loans that take advantage of arbitrage opportunities within the cryptocurrency ecosystem.

The native coin for this platform is AAVE-USD. The altcoin also functions as a governance token, allowing users to vote on important choices that affect the platform's everyday operations.

AAVE-USD reached an all-time high of $666.86 in May 2021. It is currently trading at roughly $155, down about 40% year to date. AAVE is one of the top 60 cryptocurrencies in the crypto market, with a market worth of $2 billion.

Cryptos: Chainlink (LINK-USD)

Cryptos: Chainlink (LINK-USD)

chainlink is a software platform that connects blockchains to "oracle" data from the outside world. Oracles allow a blockchain to receive data from off-chain systems and broadcast on-chain data to non-blockchain associates, as regular InvestorPlace.com readers are aware. The oracle network, for example, can handle a wide range of data, including weather, election outcomes, and stock market data.

The chainlink protocol may work with multiple blockchains at the same time. It gives players incentives to use chainlink data in their smart contracts.

The native cryptocurrency of the chainlink 2.0 platform is LINK-USD. The consensus protocol for this ERC-20 coin is proof-of-stake (PoS). Users must run their nodes and give data to smart contracts in order to obtain LINK-USD token incentives.

To simplify reliable transmission of on-chain and real-world data, chainlink has forged collaborations with Oracle (NYSE:ORCL) and Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Google Cloud.

The altcoin reached an all-time high of $52.88 on May 10. Currently, it changes hands at $17.55, down 22% in the past year. YTD, the crypto is also down 15%. Its market cap of $8 billion makes chainlink the 20th largest coin.

Cryptos: Decentraland (MANA-USD)

Cryptos: Decentraland (MANA-USD)

The Ethereum blockchain powers Decentraland, a 3D virtual reality platform. It's widely considered as one of the first versions of the metaverse, in which users may create virtual casinos, art galleries, amusement parks, and concert halls, and charge others to visit them. In February 2020, the public was granted access to the virtual world.

LAND, a non-fungible digital asset separated into 16m x 16m chunks, is the name of this virtual region within Decentraland. MANA-USD, Decentraland's native digital token, is used to purchase these properties. Some parcels are also divided into Districts, which are themed communities where people can create shared places.

MANA-USD is an ethereum smart contract-based ERC-20 cryptocurrency. MANA-USD can be used to buy and trade various in-game commodities such as avatar costumes in the Decentraland realm. When users register and resale avatar names, sell LAND, or wearables, they must burn a certain amount of MANA-USD. LAND prices, like real estate, are mostly determined by location, with an average range of $3,000 to $60,000.

In late November, MANA-USD reached an all-time high of $5.9. The meta currency is presently trading around $2.5. MANA-USD has increased by 1500% in the last year. However, it has dropped by 20% year to date. MANA-USD is the 31st most valuable cryptocurrency, with a market worth of $4.8 billion.

Cryptos: Monero (XMR-USD)

Cryptos: Monero (XMR-USD)

Monero is a censorship-resistant, privacy-focused blockchain that allows users to conduct anonymous transactions. The platform is a decentralized open-source project managed by a developer community. The RandomX proof-of-work algorithm is used by Monero.

The Monero network is powered by the XMR-USD native cryptocurrency. "Ring Confidential Transactions" are used to make digital currency transactions anonymous and untraceable. This system necessitates the use of a multi-layered, anonymous group signature that conceals transaction origins, amounts, and destinations.

Monero also employs stealth addresses to better protect the privacy of its users. Stealth addresses are one-time, randomly generated addresses that users use to receive payments in order to hide their unique blockchain addresses.

Aside from wallet addresses and transactions, which reduce traceability, the XMR-USD coin itself supports privacy-focused features. Monero is a fungible token, which means it may be used interchangeably with other assets of the same type.

In May 2021, the price of XMR soared to an all-time high of $517.62. Monero is currently trading at $145, up 5% in the last year. However, it has dropped 42% year to date. Monero is one of the top 50 digital assets, with a market capitalization of $2.6 billion.

Cryptos: Polygon (MATIC-USD)

Cryptos: Polygon (MATIC-USD)

The Polygon Network, formerly known as the Matic Network, enables developers to create blockchains that are compatible with the ethereum blockchain, which is used to safeguard and settle transactions. The network's goal is to connect many blockchain projects, each of which has its own set of capabilities and isn't necessarily interoperable.

Polkadot  and Cosmos  are two more blockchain initiatives that are attempting to solve the same problem. Polygon intends to build on these projects by utilizing Ethereum's established ecosystem. Polygon is also used by major DeFi projects like SushiSwap , Curve , and Aave to improve scalability and network speed.

The platform is powered by MATIC-USD, which is the platform's native cryptocurrency. In 2019, Binance's Launchpad platform offered an initial exchange offering for this altcoin. Polygon secures the network and generates new coins over time using the proof-of-stake consensus method.

In late December, the price of MATIC-USD reached an all-time high of $2.92. The altcoin is currently trading at $1.6, up 4,100 percent in the last year. However, by 2022, the altcoin has lost 37% of its value. Polygon is the 14th most valuable cryptocurrency, with a market worth of $12.1 billion.

Cryptos: Storj (STORJ-USD)

Cryptos: Storj (STORJ-USD)

Storj is a blockchain-based decentralized cloud storage platform that provides decentralized and encrypted cloud storage. Storj is a centralized cloud storage platform that competes with Amazon's (NASDAQ:AMZN) Web Services and Google Cloud. The platform allows network members to rent out storage space on their hard drives to others.

The Ethereum blockchain is used by the Storj platform. When a customer uploads a file, it is encrypted, then broken into smaller bits and distributed over the Storj network. Following that, the file is recompiled and retrieved as needed.

The network is powered by the ERC-20 token STORJ-USD. The STORJ-USD token is used to purchase cloud storage services, and network participants earn STORJ-USD for donating their excess hard drive space for storage.

STORJ-USD reached an all-time high of $3.91 in late March. It is currently trading for $1.15, having increased by more than 160 percent in the last year. However, the altcoin dropped about 40% of its value in January. Storj is now ranked among the top 200 altcoins in the crypto market, with a market worth of $440 million.

Cryptos: Waves (WAVES-USD)

Cryptos: Waves (WAVES-USD)

Waves is an open-source blockchain platform for creating decentralized apps and high-security blockchain operations. Users can trust the platform with sensitive financial data, decentralized exchanges, blockchain-based games, and personal identification. Leased PoS is a customized proof-of-stake technique that is used on the platform.

WAVES-USD, the network's native coin, pays out a reward for each block mined. The platform uses a colored coins strategy, which allows for the creation of additional apps with their own personalized coins as variations of the original. Waves also enables fixed-fee transactions without the requirement for high gas costs.

WAVES-USD’s price hit an all-time high of $41.33 in May 2021. Currently, the altcoin changes hands for $9, up 39% in the past year. But this year, it already lost over 35%. Its market cap of $974 million positions Waves among the largest 90 cryptos.

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