Check out today’s top 5 new cryptocurrencies to invest in

The best cryptocurrencies to invest in are plentiful and they are a sensible hedge against unexpected fluctuations in the financial market today.

Cryptos, like cash, can be used to buy anything, but it also has the advantage of being a high-yield investment.

However, due to the volatility of cryptocurrencies, it is vital to understand what you are getting into before investing.

Here are our Top 5 suggestions for the hottest new cryptocurrencies to invest in.

Polygon (MATIC) – for massive scalability

Polygon (MATIC) is an Ethereum Layer 2 scaling solution. It also serves as a platform for creating and connecting Ethereum blockchain networks.

MATIC lowers transaction speeds on the Ethereum network while dramatically improving transaction speed.

Polygon’s focus on scalability is what makes it so attractive for decentralized Ethereum blockchain applications.

MATIC is currently trading at $1.4395 with a market cap of $10.76 billion as it continues to thrive in the market.

Related article | TA: Bitcoin reverse losses, but why $40K is still the key?

Decentraland (MANA) – Most Affordable Crypto to Access the Metaverse

Decentraland differs from other virtual worlds in that, with the exception of roads and squares, all LAND areas can be owned, sold and developed by the players of the game.

MANA is the native language of Decentraland cryptocurrencyand it is used to buy land plots (LAND tokens), avatars, wearables and other things in the marketplace of the platform.

MANA currently trades at $2.60 with trading volume of $1.5 billion and is up 175% since last year.

Total crypto market cap at $1,725 ​​trillion in the daily chart | Source: TradingView.com

Stellar (XLM) – New and Exciting Crypto Payment System

The stellar blockchain can process between 1000 and 5000 transactions per second.

This sets it apart as a formidable rival to centralized payment systems, a point that will increase its value as more people accept crypto payments.

One of the benefits of investing in XLM is its use as a currency. This means that investors can create tokens and even decentralized exchanges on this blockchain.

Since XLM is the native cryptocurrency of the stellar blockchain, it will always be valuable. The decentralized exchange is a key element driving Stellar’s long-term value.

XLM is currently trading at $0.181253 with circulating supply of $24.9 billion.

Related article | Cardano Whales Devour Dip, Why They Don’t Care About Price Action

Curve (CRV) – Most Preferred Crypto for DeFi Exposure

Curve (CRV) is a stablecoins platform that uses an Automated Market Maker to manage liquidity.

The platform is designed to have less slip and an affordable payload. Assets can be traded automatically and without permission.

It is one of the favorite cryptocurrencies to invest in, especially when it comes to DeFi.

Since it is a non-custodial network, users retain full ownership of their tokens. Curve relies on liquidity pools and rewards users who contribute to them.

CRV is currently trading at $2.26. It has a diluted market cap of $7.4 billion worldwide.

Lucky Block (LBLOCK) – Hottest New Cryptocurrency With Strong Potential

Lucky Block is a blockchain-based crypto lottery platform that aims to improve the lottery experience for all participants.

The aim of Lucky Block is to remove all obstacles to create a “global lottery” in which all participants have a higher chance of winning a jackpot than traditional lottery systems.

The raffle is powered by the platform’s own coin, LBLOCK.

LBLOCK is currently trading at $0.00512. It is still significantly flexible and can produce bullish trends in the long run.

Featured image Liquid Blog, chart from TradingView.com

Leave a Comment