Would you like to turn your $1,000 or $10,000 into $1 million in crypto? One of our favorite ways is to find the crypto the whales are interested in, and invest in it before it explodes. The whales hold the power in the cryptocurrency market. Since they accumulate and hold large amounts of crypto-currencies, they can indeed manipulate the price of cryptos. If you want to know which cryptos they are currently rushing to buy, make sure you watch this video all the way through because we are going to show you the 3 best cryptos to buy right now. The best part is that all of the cryptos we're going to share with you are the current top crypto trends that are going to explode soon.
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Now, let's get started.
The very first crypto you should buy now is Ethereum.
Ethereum has a better average annual performance than other major cryptocurrencies. Back in early 2020, Ethereum was worth $150. Since then, its price has multiplied by more than 16! This success is such that it has almost overshadowed that of other cryptocurrencies such as Bitcoin, Ripple, Litecoin, NEO, and others.
An investment in Ethereum has only benefits. Its move to proof of stake is enticing traders to jump in. Indeed, the benefits that this would have on the value, but especially on the use of tokens would be tenfold.
Now, there are a few points that we believe contribute to its advantage. First of all, Ethereum is a great existing network. Its first advantage is its network which is already proven by years of use and billions of transactions. In addition, cryptocurrency has the support of a large and committed global community, which enhances its reputation.
In addition, Ethereum has a wide range of functions. In addition to being used as a digital currency, Ethereum lends itself to a multitude of uses. It can be used for other financial transactions on the network, for executing smart contracts, or for storing data for third-party applications.
Ethereum developers are constantly working to find new ways to improve the network and develop new applications. The blockchain network is a reference in terms of new decentralized applications.
And transactions on the blockchain network are direct and users no longer have to worry about having to rely on third-party intermediaries.
Moreover, analysts predict that in the future, Ethereum could surpass the world's leading crypto-currency.
Most investors didn't expect Ethereum (ETH) to jump as much as it has. Its price has increased by more than 2 times compared to the ATH set in 2018.
More recently, it has faced a sharp decline after hitting an all-time high of $4,891.70. For the coming years, ETH forecasts remain optimistic and indeed, analysts agree that Ethereum could one day outperform Bitcoin. The main reason you should buy Ethereum now is that, if the big institutions are getting on board, then it's a sign of likely widespread adoption. You've probably read or heard that Elon Musk recently invested no less than 8% of Tesla's cash in Bitcoin, or $1.5 billion. The largest digital investment fund invested in crypto-currencies "Grayscale" recently invested $150 million in Ethereum and will continue to take positions in the crypto-currency. Ethereum's value will likely multiply over time and you should take advantage of this. That's why Ethereum is the first crypto you should buy now.
The next up is Polygon Matic.
Polygon is currently one of the most coveted blockchains due to its competitiveness.
Polygon appears to be an excellent long-term investment. Indeed, Matic is one of the most promising cryptocurrencies on the market: the number of users on its platform is increasing dramatically and investor interest in this project remains constant. This crypto seems to be the current big winner of this bear market. Matic is one of the most sought-after networks to improve the scalability of Ethereum. Developers are adopting it more and more, and it is slowly becoming one of the references for Defi, NFT, and Blockchain Gaming (there are more than 500 DApps to date).
Polygon confirms transactions very quickly and efficiently, while considerably reducing the cost of these transactions for the user (generally less than a dollar cent per transaction, compared to an average of 20 to 50 dollars for Ethereum).
As a reminder, MATIC is a solution serving as a second layer for the Ethereum network while seeking to build a sustainable Web3 infrastructure on the best smart contract platform. Moreover, the team in charge of the project is Indian as well as the very recent expected Metaverse game called Battle Infinity.
Polygon has managed to get itself adopted by influential mainstream companies; this is the best form of marketing possible. Indeed, it gives a mix of communities from all walks of life. So, there is a strong chance of reaching many more people to discover this crypto-currency.
Thus, in the last few months, MATIC has managed to establish partnerships with Coca-Cola which has released a collection of NFT or Reddit which has just launched its NFT marketplace named Avatar on the Polygon network since July 7.
Even better, Disney announced on July 13 the addition of Polygon to its Accelerator program which is a kind of incubator for companies supported by the group whose goal is to help innovative companies to develop. MATIC is the only blockchain project to be among the 2022 winners.
Further evidence of Polygon's growing popularity as a second layer for Ethereum is the migration and integration of projects to it. Beyond the recent NFT projects that have joined the network, we will note the arrival on Polygon of the RociFi credit protocol or the decentralized multichain platform WOO.
As a bonus, several exchange platforms offer staking for MATIC which brings liquidity while giving rewards to the investors, which makes this corner look even more positive. Also, MATIC is very low and it's a good time to buy the DIP.
And the last crypto you should consider buying now is UNI.
Uniswap (UNI) is among the cryptocurrencies that have relatively disrupted the market. The native token of the Uniswap network has indeed distinguished itself from other altcoins by its multiple uses. Heralded as a more than promising asset, UNI has good upside potential in the future.
In recent times, Uniswap has surprised many by ranking among the top 20 cryptocurrencies on Coinmarketcap in terms of market capitalization.
According to data shared by Messari, the leading provider of cryptocurrency market information products, Uniswap has furthermore managed to maintain a DEX market share of almost 75% throughout the third quarter. For the ecosystem, this is more than good news, as it solidifies its popularity.
UNI is among the crypto-currencies held by the top 1,000 whales on the Ethereum network. The reason why whales are so interested in altcoins is that they believe in the potential of Uniswap. It's also a positive signal that may confirm an upward trend. While the development activities are lagging a bit, the social activities of Uniswap are on the rise. This is another positive signal that supports UNI's popularity in the cryptosphere. Also, regarding the future of UNI in the short and medium term, we can remain optimistic.
Recall that the developers behind Uniswap have just completed a new funding round to raise hundreds of millions of dollars. According to a report shared by TechCrunch, Uniswap would indeed need the money to expand its offering. Uniswap Labs has reportedly been in talks with numerous investors. Some of the companies mentioned include Polychain Capital, a cryptocurrency investment company as well as various dedicated companies based in Singapore.
According to DeFi Llama, 31% of all activity on DEX involves Uniswap (UNI). This makes it arguably one of the most popular exchanges in the industry. Last year, UNI managed to post a market capitalization of almost $22.5 million. This was at the peak of its bull run. At the time of this recording, the altcoin has a market cap of over $4.99 billion, which is not even half of its peak. And with all the reasons we just mentioned, we won't be surprised to see UNI explode shortly.
Now, do you think these cryptos can make you a millionaire? Share your thoughts with us in the comments section below.
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