The Next Big Cryptocurrency: Where To Invest Now

With the crypto market booming, investors are on the lookout for the next big cryptocurrency to invest in. While it is impossible to know for sure which cryptocurrency will be the next big thing, there are a few contenders that are worth considering.

One way to identify a promising cryptocurrency is to look at its price. Low-priced currencies can offer a great opportunity for investors to get in early and potentially see significant returns. Another factor to consider is the potential for adoption outside of the crypto world. Cryptocurrencies that have unique features or benefits that appeal to businesses and financial institutions may be more likely to see widespread adoption and, as a result, an increase in value.

Some cryptocurrencies that have been gaining traction and could be worth investing in include Render Token, Solana, Superintelligence Alliance, Bitcoin, Ethereum, and Chainlink. These cryptocurrencies are all unique in their own way and offer different benefits to users. For example, Render Token is a rendering network that allows users to rent out extra GPU power, while Solana is known for its fast speeds and low transaction fees.

It's important to remember that investing in cryptocurrency is risky and there are no guarantees. It's always a good idea to do your own research and carefully consider your financial situation before investing in any cryptocurrency.

Meme coins

Some meme coins have evolved into larger projects, such as Layer 2 scaling solutions or adding a decentralized exchange. Others have spun off into play-to-earn games or even planned to create a metaverse for their holders.

It's important to note that purchasing cryptocurrencies is still considered a high-risk investment due to its volatile nature, and meme coins are the most prone to drastic swings in price. However, some investors have become "Dogecoin millionaires," demonstrating the potential for significant returns.

Examples of popular meme coins include:

• Baby Doge Coin
• SHIBA INU
• PepeCoin
• HarryPotterObamaSonic10Inu
• Milady Meme Coin

Low-priced coins

Cardano (ADA)

Cardano is a blockchain platform that uses a proof-of-stake consensus protocol called Ouroboros, allowing it to validate transactions with low energy costs. One of the key advantages of Cardano is its ability to process a high volume of transactions with no downtime. It has become a popular blockchain for non-fungible token marketplaces and decentralised finance (DeFi) transactions. Cardano also has an impressive record of security, having processed over 20 million transactions with no downtime as of late 2021. With its Hydra upgrade, Cardano is expected to increase its processing speed even further, which could trigger higher prices.

Polygon (MATIC)

Polygon is a decentralised application built on the Ethereum network, expanding it into a multichain system. It is meant to be the solution developers need to deploy decentralised applications faster, more efficiently, and less expensively. Polygon is backed by strong players in the crypto space, including Coinbase and Binance, and its MATIC token has been called the most promising "layer two" token. Analysts say Polygon is backed by a strong team and sound technology, which makes it a good bet for the long term.

Stellar (XLM)

Stellar is a payment network that uses stellar lumens as its currency. The network is designed to connect financial institutions making large transactions. On the Stellar network, these transactions can be done nearly instantaneously and at little to no cost, setting it apart from traditional and competing blockchain networks. While the price of stellar lumens has been volatile, it has the potential to grow in the wake of bitcoin.

Tron (TRX)

Tron is the world's fastest-growing public blockchain, with over 250 million accounts and 8.26 billion transactions. Its Tron Protocol processes transactions faster than Ethereum and Bitcoin, and it is highly scalable and smart-contract compatible. Tron has some notable core partners, including Samsung, BitTorrent, and Swisscom. Although one of the cheapest cryptos, TRX is worth about 5,589% more as of August 15, 2024, than when it was introduced in 2017. With an $11.4 billion market cap, it is the 11th largest coin by that metric.

Wall Street Memes (WSM)

Wall Street Memes (WSM) is a recently launched meme coin that has raised over $30 million so far. The crypto project is using a large social media following to develop community support. The community has a published aim of hitting a $1 billion market capitalisation. While WSM is a risky investment, the success of other meme coins like Dogecoin and Shiba Inu shows that meme coins should not be counted out.

Coins with strong potential for adoption

• Bitcoin (BTC) is the original cryptocurrency and still the most dominant player in the market. Its price has skyrocketed alongside its popularity. Bitcoin's projected climb to $100K by the end of 2024 could benefit other tokens.
• Ethereum (ETH) is a favourite of program developers and the second-largest cryptocurrency. It has experienced tremendous growth and its first-mover advantage has given it a sizable lead over similar competitors.
• Tether (USDT) is one of the first and most popular stablecoins, reducing volatility by pegging its market value to a currency or other external reference. Tether's price is tied directly to the US dollar.
• Ripple (XRP) can be used to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies. Its price has increased by 9,377% since the beginning of 2017.
• Binance Coin (BNB) is a cryptocurrency that can be used to trade and pay fees on the Binance exchange, one of the largest crypto exchanges in the world. BNB has expanded past merely facilitating trades and can now be used for payment processing or even booking travel arrangements. Its price has risen by 535,028% since 2017.
• Solana (SOL) is a blockchain platform designed to support decentralised applications (dApps). It performs many more transactions per second than Ethereum and charges lower transaction fees. Its native token, SOL, has risen tremendously in price since its launch in 2020.
• Cardano (ADA) is an "Ouroboros proof-of-stake" cryptocurrency created by engineers, mathematicians, and cryptography experts. It stands out among its peers due to its rigorous experimental and peer-reviewed research-based approach. Cardano has been dubbed an "Ethereum killer".
• Chainlink is one of the largest utility projects in the industry, acting as an essential infrastructure ecosystem for the entire cryptocurrency industry. It connects closed blockchain ecosystems with the outside world, allowing them to use real-world data in their protocols.
• Uniswap is one of the largest DeFi platforms in the world, pioneering seamless token swaps in the crypto sector. It is an automated market maker (AMM) that allows users to swap tokens on-chain easily in a decentralised manner.

Coins with a fixed supply

Cryptocurrencies with a fixed supply can be a good investment for long-term gains. However, it is important to do your research and invest in projects with high potential. Here are some coins with a fixed supply that you can consider:

Bitcoin (BTC)

Bitcoin is the original cryptocurrency, created in 2009 by Satoshi Nakamoto. It runs on a blockchain, a distributed ledger system that ensures security and prevents fraud. Bitcoin has a maximum supply of 21 million coins, and its scarcity drives up demand and prices. As of September 2024, a single bitcoin is valued at around $59,125, showcasing its massive growth over the years.

Ethereum (ETH)

Ethereum is both a cryptocurrency and a blockchain platform. It enables smart contracts and decentralized applications (dApps) and is a favourite among developers due to its versatility. Ether (ETH), the native token of the Ethereum platform, is currently the second-largest digital currency by market capitalization. While it lags behind Bitcoin in terms of value, Ethereum has a strong user base and is widely used for creating decentralized financial (DeFi) systems.

Tether (USDT)

Tether is a stablecoin, a type of cryptocurrency designed to have a relatively stable price. Its price is tied directly to the US dollar, with a 1-to-1 ratio, making it less volatile than other cryptocurrencies. Tether is one of the most popular stablecoins and is often used by crypto investors to hold funds or make transactions, protecting them from the extreme volatility of other coins.

Binance Coin (BNB)

Binance Coin is the native cryptocurrency of the Binance Exchange, one of the largest crypto exchanges in the world. It serves as a utility token, allowing users to pay fees and trade on the platform. Binance Coin has expanded beyond its initial use case and can now be used for payment processing, booking travel arrangements, and more.

Solana (SOL)

Solana is a blockchain platform designed to support decentralized applications. It is known for its high transaction speeds and low fees, processing transactions much faster than Ethereum. The Solana blockchain has its native token, also called Solana (SOL), which has seen tremendous price growth since its inception.

These are some of the coins with a fixed supply that you may consider for investment. Remember to always do your own research and understand the risks involved before investing in cryptocurrencies.

Coins with increasing price and volume of trades

When it comes to cryptocurrencies, volume is one of the market's best indicators. Volume refers to how much, in monetary terms, a given cryptocurrency has traded over a period of time. It is important because it significantly impacts price from both an absolute and relative perspective. The total volume traded for a given cryptocurrency is directly related to its volatility.

Cryptocurrencies with increasing price and volume of trades include:

• Render Token (RNDR): Render Token is a rendering network that allows users to rent out extra graphics processing unit (GPU) power. Artists and studios can rent rendering capacity through the Render Network and pay for it with the RNDR crypto token. It is a unique service, and demand will likely grow as more media companies need to convert text to images. The popularity of AI-generated images is also good news for Render.
• Solana (SOL): Solana is a blockchain platform that gives developers a platform to build decentralized applications (dApps). It is used for decentralized finance (DeFi) services, minting non-fungible tokens (NFTs), and more. It is also the fastest large blockchain with 1,504 average daily transactions.
• Superintelligence Alliance (ASI): Superintelligence Alliance is a merger of three popular AI cryptos: SingularityNET, Fetch.ai, and Ocean Protocol. It is well-positioned to capitalize on the AI boom, especially as the number of companies using AI continues to grow.
• Bitcoin (BTC): Bitcoin is the original cryptocurrency created in 2009. It has seen tremendous growth, with a price increase of 11,725% since May 2016. The approval of Bitcoin ETFs by the SEC in 2024 has made investing in Bitcoin easier and could lead to more institutional investors.
• THORChain (RUNE): THORChain is a decentralized crypto exchange that operates through an automated market maker (AMM) model. It has liquidity pools for cryptocurrencies managed by smart contracts. It stands out for its experience in the space and its recent growth, with about $1 billion per week in swap volume towards the end of 2023.
• Sei (SEI): Sei is a blockchain-based platform for trading digital assets, co-founded by a former software engineer at Robinhood and a former technology investment banker for Goldman Sachs. It launched in 2023 and is still in its early stages but has already built a strong team, including 28 full-time developers.
• Aave (AAVE): Aave is a DeFi protocol and lending platform that allows users to lend and borrow cryptocurrency without intermediaries. It has expanded into real-world assets, partnering with Centrifuge to build a real-world asset (RWA) market.

While these cryptocurrencies show promising potential, it is important to remember that the crypto market is highly volatile and subject to significant risks. Before investing, it is crucial to conduct thorough research and carefully consider your financial goals and risk tolerance.

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