With all the turmoil going on in the world right now is crypto still a viable option for investment? If so, what is the best crypto to buy now? In this article, we take a look. Here goes…
At the time of writing (late 2022) current economic conditions are weighing heavily on markets, inflation is high and stocks are falling. There is an escalating war in Eastern Europe and rising fuel and gas supply issues that are driving household costs even higher. Crypto is in a verified bear market and most coins are down significantly from last year. But despite all this, we believe there is still an opportunity for brave investors in crypto.
The leading contender in crypto is of course Bitcoin. Most other alternative coins or altcoins will vary in value according to the price of Bitcoin. So invariably, if Bitcoin is doing well, altcoins traditionally will do well too.
Bitcoin is the granddaddy of all crypto, launched in 2009 it is often lauded as the hedge against inflation. Unfortunately, that hasn’t quite worked out as bitcoin has fallen from highs of $61,000 in 2021 to around $20,000 today. Despite this dramatic fall in value, Bitcoin has been surprisingly resilient and has not fallen much below the $20K mark. Of course, Bitcoin could fall considerably more and some commentators say it could fall to values as low as $8-12K. However, the take here is the resilience of Bitcoin in pretty dismal market conditions. Therefore, an optimist’s view would be that Bitcoin is currently ‘cheap’ and values are likely to rise significantly in the next 18-24 months.
Cardano is a currency launched by Charles Hoskinson , an ex-Ethereum co-founder in 2017. Cardano is often overlooked in the crypto space but is consistently in the top ten of cryptocurrencies by market cap. Cardano uniquely offers a truly decentralised blockchain that allows smart contracts and DeFi applications to be built on the chain. The crypto is based on the Proof of Stake system (PoS) which means transactions are verified by users according to the number of coins they have staked in the system rather than the power of their CPUs. Many argue this makes Cardano are much more environmentally friendly option than Bitcoin for example that runs on the Proof of Work (PoW) system. Cardano supporters are loyal to the cause and 75% of all ADA (the native token on Cardano) is staked. Uniquely, on Cardano if you stake your coins you do not lose control of them, you can still spend and utilise your ADA as you wish without having to lock them up. Amazingly, the Cardano blockchain is extremely robust with zero downtime in four years! Cardano’s price has also dropped dramatically from all-time highs of around $3 to around $0.39 today. Despite these dramatic falls the Cardano ecosystem continues to grow and shows much promise for the future. With all this in mind, Cardano would appear to be a good bet for the future when the market picks up.
Binance is a cryptocurrency exchange launched by CEO and founder Changpeng Zhao or “CZ”. Binance is the largest cryptocurrency in the world by daily trading volume. Launched in 2017 the Binance network offers smart contracts via Binance Smart Chain (BSC). Despite market conditions, Binance appears to be going from strength to strength. The value of BNB has dropped from all-time highs of $691 to just $328. Despite this dramatic fall, the coin has ‘only’ lost half its value. The Binance CEO appears to be headstrong on growth and recently supported Elon Musk’s purchase of Twitter with $500m. He has also talked about purchasing a bank. With all this in mind, Binance is hard to ignore and is a good bet for the future in our opinion.
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The Pop Up World token is a cryptocurrency token built on the Cardano blockchain by and for entrepreneurs. Launched in 2020 by entrepreneur and author Graham Jules, holders of PUW can access various services and apps on the Pop Up World website. By supporting the token you will be helping entrepreneurs from all backgrounds bring new ideas and concepts to market.
The token can be purchased on Cardano DeXs, MuesliSwap, SundeSwap, Wingriders and Minswap. Or click the link here:
Pop Up World token has a growing ecosystem and is definitely one to watch for the future.
Please note this article is not financial advice and is for information and educational purposes only. As always, you should carry out your own research when considering investing in cryptocurrency. Prices can go down as well as up.
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It starts with an idea. Pop Up World is a platform that helps start-ups and small businesses reach for the stars. No matter what size you are. Use our start-up guide Business Zero to Superhero, Design your Logo. Connect with investors via our Investor Connector. You can start a Website and Domain name. You can Search for and promote your Premises. You can promote your idea for free on our Pop Up World Ads site, you can even form a Limited Company You can also join us on our journey via the Pop Up World Token (PUW).