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It’s time for you to check out the list of the 4 promising cryptocurrencies to invest! This content should not be understood as an investment recommendation.
Any decision must be made based on a detailed analysis, which takes into account your investment profile, objectives, planning and even currency timing, ok?
It is impossible to be sure about the future of a cryptocurrency. What we do here is to present a scenario with chances of happening given the current trend and the movement of the asset.
Let’s go to the list of promising cryptocurrencies that were featured in the month!
Chainlink (LINK). Market cap US$3.857 billion
Our first cryptocurrency recommendation to invest is Chainlink. Chainlink is a decentralized network built on the Ethereum network. It is an open source technology that is collectively built by a group of developers. Chainlink was created in June 2017 by Sergey Nazarov and Steve Ellis.
It is one of the most popular altcoins after Bitcoin. It became popular and widely used due to its ability to combine with any blockchain technology. The LINK native token is used to compensate node operators to retrieve data from external data sources.
LINK has gradually grown in popularity over the years and is one of the most held tokens by ETH holders. The current price of LINK is $7.84 with a market cap of $3.857 billion.
Helium Network (HNT). Market value US$ 658.144 million
Helium Network is a Web3.0 friendly asset that uses the LoRaWAN system. It’s the decentralized wireless internet of things.
HNT is the native token of Helium Network. Users mine the HNT token when they buy or build a hotspot. The current price of the HNT token today is $5.17 and it has a market cap of $658.144 million.
Polkadot (DOT). Market cap US$7.254 billion
Polkadot is also a Web3.0-friendly project that enables interconnectivity between blockchains. It is one of the networks that aims to grow the cryptocurrency ecosystem.
It was released in 2020, so Polkadot is still among the newest, but it has gained massive growth since its inception. Polkadot operates on two types of blockchains, the main network and user-created networks known as parachains.
The Polkadot network’s native token is DOT. According to data from CoinMarketCap, the current price of DOT tokens is $6.47 with a market cap of $7.254 billion.
Polygon (MATIC). Market cap US$ 6.719 billion
Polygon was created in 2017 and was originally called the Matic network. It is a layer 2 solution that allows other blockchains to scale applications.
Polygon aims to provide various tools that help to increase the speed and also reduce the cost of transactions on the blockchain. The native currency of the Polygon network is MATIC.
Users can bet, regulate and also pay gas fees with the token on the network. It is used as a unit of payment and compensation between network users. Polygon has a market cap of $6.719 billion according to CoinMarketCap and is currently trading at $0.7694.
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