7 cryptocurrencies you can still rely on despite the current chaos

7 cryptocurrencies you can still rely on despite the current chaos
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Cryptocurrencies have been one of the hottest investments in the past few years. Unfortunately, recent market conditions have been tough for digital assets. In 2022, the market capitalization of cryptocurrencies has decreased by more than 58%. However, despite the recent losses, cryptocurrencies still have great potential. Hence, there are many opportunities for investors to download different cryptocurrencies to buy.

When choosing which cryptocurrencies to invest in, it’s important to consider both the potential upside and the associated risks. Some cryptocurrencies are riskier than others, so it’s important to find a balance between growth potential and safety

Perhaps the most compelling argument for investing in cryptocurrencies right now is that they are significantly discounted. Markets have taken a monumental hit this year as the Fed continues to fight inflation by raising interest rates. Nevertheless, there are several cryptocurrencies that you can download for long-term profits. Most experts point to incredible returns from current levels for buying all the cryptocurrencies discussed in the article.

Cryptocurrencies to buy: Bitcoin (BTC-USD)

Gold bitcoin on $100 bill

Source: Viacheslav Lopatin /

Bitcoin (BTC-USD) has become the most popular and talked about cryptocurrency. Although its price is often volatile, it has shown significant growth over the past few years, making it a viable investment for many people. One of the main reasons for Bitcoin’s success is its underlying blockchain technology, which enables secure and transparent transactions. Moreover, the limited supply of BTC gives it a scarcity value. As a result, some of the biggest names in the investing world have flocked to Bitcoin, making it the go-to digital investment for institutional investors.

While Bitcoin still dominates the market in terms of total market capitalization, its lead has been waning in recent years. Many high-growth projects emerged, all of which saw explosive growth during the pandemic years. Nevertheless, BTC remains the clear leader in terms of price and liquidity and is unlikely to lose its position as one of the best cryptocurrencies to buy anytime soon.

Cryptocurrencies to buy: Ethereum (ETH to USD)

Pile of ether or ethereum coins on golden background.

Source: Shutterstock

Ethereum (ETH to USD) is among the two most valuable cryptocurrencies in terms of market capitalization. Arguably, the platform powers the biggest technologies in the blockchain space and is essentially a separate ecosystem with its own currency (Ether), governance model, and developer community. The importance of Ethereum in the DeFi and NFT space is hard to overestimate; without it, most of the projects currently in operation would not exist.

Perhaps the biggest news for the platform this year was the completion of its highly anticipated 2.0 update. As part of a ‘merger’, it can process transactions effectively With 99.5% less energy consumption. Moreover, its co-founder Vitalik Buterin hints at more updates that could further strengthen the platform’s efficiency. So ETH is a no-brainer for those looking to gain exposure to the cryptocurrency space.

Cryptocurrencies to buy: Solana (SOL-USD)

Solana Coin (SOL-USD) in front of the Solana logo.  Solana price predictions.

Source: Rcc_Btn /

While Ethereum has dominated the DeFi space for years, a new competitor has emerged that promises to provide a better experience for end users. withered (SOL-USD) is a layer-1 blockchain that boasts incredibly fast transaction speeds and low costs. Based on a unique proof-of-history verification mechanism, the platform can process thousands of transactions per second for a fraction of a penny each.

These advantages have already led to a significant amount of DeFi activity happening on Solana, and many investors believe the platform has the potential to dethrone Ethereum as the leading DeFi protocol. Moreover, its leadership in the NFT space is growing at an incredible pace with record trading activity this year. So, with its strong foundation, Solana is well positioned to become a leading platform in the DeFi and NFT space.

Cryptocurrencies to buy: Polkadot (DOT-USD)

Gold Polkadot (DOT-USD) dot coin cryptocurrency on computer circuit board background

Source: Thichaa /

Polka dot (DOT-USD) unique architecture allows different blockchains to interoperate while maintaining the individuality of each chain. This allows seamless flexibility and efficiency for each blockchain. In addition, its parachains provide a high level of security for all connected chains. Thus, the platform enables efficient operation of complex projects involving multiple blockchains. It is an extremely powerful and secure platform that can support a large number of applications.

Polkadot has been in the news lately Deutsche TelekomEurope’s largest telecommunications business, bought a ton recently DOT. The move potentially signals a new era of mainstream adoption for cryptocurrencies. Moreover, at their current levels, DOT is more attractive than ever. As a result, if such adoption continues, Polkadot could have a bright future.

Sandbox (QUM-USD)

Logo for Sandbox (SAND) on mobile.

Source: Ira Leachy /

Sandbox (QUM-USD) is a blockchain based metaverse game. In the virtual world, players can create, sell, collect and buy digital assets as non-tradable tokens. Moreover, it is equipped with the Ethereum blockchain, which ensures that all assets are securely stored on the blockchain. It is also intended to be a fully immersive experience where users can explore the Metaverse and interact with other users in a variety of ways.

The SAND token witnessed a huge surge late last year, but has since lost a ton of value. Nevertheless, it remains an ambitious project that has the potential to change the way we think about online games and virtual worlds. SAND could be an interesting niche play for investors looking to capitalize on the metaverse trend.

Binance Coin (BNB-USD)

Binance Coin sits in front of the trading charts.  Binance price predictions

Source: Shutterstock

Binance Coin (BNB-USD) is the best cryptocurrency exchange by volume. Platform It processed $76 billion in transaction value per day at one point last year. Perhaps the most interesting element of BNB for investors is that BNB takes a portion of transactions and burns them on a regular basis. It effectively reduces the supply of BNB and increases its value over time.

BNB’s real advantage is Binance’s position as a juggernaut in the cryptocurrency space. The bigger the platform, the higher the volume of transactions. This effectively leads to more fees for the company. So, as Binance continues to grow its payment base, BNB will see a healthy increase in value. It therefore presents itself as one of the rare long-term plays in the crypto industry.

Cardano (ADA-USD)

Concept coin for Cardano (ADA).  Cardano Price Predictions

Source: Shutterstock

Cardano (ADA-USD) is another leading cryptocurrency developed with an emphasis on sustainability and scalability. A formidable development process that effectively targets network bottlenecks separates it from the pack. Once the development process is complete, the network can potentially be mind-boggling 3 million operations per second.

Cardano is built on a unique, peer-reviewed secure blockchain protocol called Ouroboros. The protocol enables relatively fast transactions at a lower cost than its peers. Moreover, with new updates, Cardano continues to add new features that strengthen its long-term position. With the new Alonzo update, the blockchain effectively supports smart contracts, allowing developers to create decentralized applications (dApps) and explore the fields of DeFi and NFT. As a result, more than 1,000 dApps are running on its platform with new additions every month.

At the time of publication, Muslim Farooq held a LONG position in Solana and Ethereum. The opinions expressed in this article are those of the writer and belong to Publishing Guidelines.

Muslim Farooq is a sharp investor and an optimist at heart. A lifelong gamer and tech enthusiast, he has a special affinity for analyzing tech stocks. Muslim holds a bachelor’s degree in applied accounting from Oxford Brookes University.

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