At the moment there are different opinions among analysts as to whether we are still in a bull market or already moved into a bear market. The majority still seem to have expectancy for a bullish growth in early 2022. If you believe in another bull market, you should invest in the following 3 of the best cryptocurrencies.
3 of the Best Cryptocurrencies: Cardano (ADA)
ADA/USD Monthly chart – TradingView
Cardano is a delegated Proof of Stake blockchain (dPoS), that backs smart contracts equivalent to Ethereum. The dealing of this project bears a scientific technique. The growth under Charles Hoskinson is rather uneventful, with numerous deadlines already pushed forward.
Cardano has had a challenging perspective in the last few days. In September, Cardano’s native token ADA token was sitting at 3 USD. It has now declined to about $ 1.25 in the last major correction. But exactly because of the low price, an investment could be beneficial if you believe in a bull market.
Of all cryptocurrencies, Cardano persists to be one of the most profitable and stimulating projects. Technically, the Cardano blockchain is ideal with the proof-of-stake consensus instrument, extremely heightened security, and compelling smart contracts. The Cardano network is quite profitable despite falling prices.
The most typical method to obtain Cardano is to get it over digital exchanges, by swapping it with your current crypto-assets. The project has amazing traction and illustration on all main exchanges. It has trading pairs against all leading crypto-assets which provides exceptional liquidity. You can get Cardano from Binance, Bittrex, Bithumb, Upbit, Huobi Global, OKEx, Kucoin amongst others. In one year the ADA price has increased by almost 667%.
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3 of the Best Cryptocurrencies: Avalanche (AVAX)
AVAX/USD Monthly chart – TradingView
Avalanche is an incredibly stimulating project and one of the cryptocurrencies that could play a vital part in the long term. The Avalanche Network is one of the many Ethereum contenders who want to repair the vulnerabilities of ETH and want to provide users and developers with a better technically refined blockchain.
Avalanche leans on more efficacious transactions and smart contract processes. Avalanche can process up to 4,500 transactions per second and distributes with the gas fees that are standard with Ethereum. The network employs a strategy of 3 respective blockchains X-Chain, C-Chain, and P-Chain. The particular blockchains even employ singly distinct consensus mechanisms relying on the application.
The stablecoin USD coin will be utilized in the Avalanche network in the future. The network can thus spike the market for decentralized financial services (DeFi) extremely satisfactorily in the future. The Avalanche Blockchain incorporates various consensus mechanisms and delivers powerful scalability and increased security.
Avalanche is an extremely “hot” cryptocurrency at the moment. While there is barely any activity in almost all top cryptocurrencies, we see price growth of more than 25% in 7 days for the AVAX token from Avalanche. This positive effect would very likely persist in the event of a bull market. In one year, the AVAX price has increased by almost 3428%.
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3 of the Best Cryptocurrencies: Dogecoin (DOGE)
DOGE/USD Monthly chart – TradingView
Dogecoin is one of the famous cryptocurrencies on the market. Not because of its technical quirks but the project was undertaken as a spoof cryptocurrency to oppose the fanfare surrounding Bitcoin and different other new cryptocurrencies with something witty. It is an open-source cryptocurrency that is employed by internet users globally. The system is based on Litecoin, meaning that all evolutions will also be made to Dogecoin.
Those who gamble on a bull market are consistently sufficiently informed with meme coins. Yet, it is challenging to forecast whether a fairly young meme coin can touch the roof or whether it will stay worthless. Dogecoin has already established itself in 2 Bitcoin cycles. As early as 2017, Dogecoin was in the top 10 cryptocurrencies by market cap during the bull market. In 2021 it was also extremely bullish.
If a bull market is around the corner in early 2022, it should likely rise again like no other coin. In one year, the DOGE price has increased by 4700%. One significant factor that distinguishes Dogecoin’s price is how much it’s being searched on Google. Checking the Google Trends charts, we can witness how a boost in Dogecoin-related searches is directly associated with its price gains.
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