Which Cryptos to Buy Now: 4 of the Best Coins to Buy – CoinJournal | Jewelry Dukan

Cryptocurrencies and other assets plunged in 2022 as interest rate concerns mounted. The Federal Reserve has hiked interest rates by 300 basis points and there is a likelihood that it will continue to rise in the coming months. Still, analysts believe some coins will bounce back in the coming years. Here are some of the best cryptocurrencies to buy right now.

Bitcoin

Bitcoin is a cryptocurrency that uses distributed ledger technology (DLT). It’s a coin that helps people move money anonymously. Over the years, most holders buy it for investment purposes. Bitcoin price has been in a strong bearish trend for the past few months. This decline is mainly due to rising inflation, interest rates and low demand from participants.

Bitcoin is still a good cryptocurrency to buy now for several reasons. First, BTC has a long track record of big drops. For example, in 2018 it fell from a peak of almost $20,000 to around $4,000 in 2020. Then it surged to almost $70,000 in 2021.

Second, BTC has a close correlation with American stock indices like the Dow Jones and the Nasdaq 100. In fact, these indices have all fallen sharply this year as well. Historically, stocks tend to bounce back after a big slump. So, if stocks rally, there are chances that BTC will rally as well. Third, as the world’s largest cryptocurrency, BTC is attracting interest from institutional investors.

Dogecoins

Dogecoin is a proof-of-work cryptocurrency created in 2014. For a long time she was largely unknown until Elon Musk started promoting her in 2021. After that, it grew out of obscurity into one of the largest cryptocurrencies in the world. It also pioneered a new type of cryptocurrency known as meme coins.

Dogecoin’s price has fallen sharply in recent months, giving it a market cap of more than $7.8 billion. Still, it’s a good investment because of the strong community. It is estimated that there are now over 40 million Dogecoin holders around the world. As such, there is still real utility for the coin, which could help it recover.

How do I buy Dogecoins?

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Solana

Solana is a leading blockchain project that enables developers to create decentralized applications (dApps) across all industries. It is one of Ethereum’s biggest rivals. Unlike other Ethereum killers, Solana has been used to create applications that have real utility. Some of the top apps in its ecosystem are StepN, Solend, Audius, and Brave.

Solana price has fallen sharply this year due to challenges in its ecosystem. For example, the Total Value Locked (TVL) in its ecosystem has plummeted from over $15 billion to about $1 billion. Similarly, the regular outages have discouraged people from switching to the coin. Still, Solana is one of the best Ethereum rivals to buy today.

sweat economy

The fitness industry is one of the largest in the world. Sweatcoin is disrupting the industry using the blockchain industry. Sweatcoin enables people to exercise and earn money from it. In September, developers launched the Sweat Economy crypto to allow users to withdraw their holdings.

SWEAT crashed heavily after launch, as was widely expected. This drop happened as existing SWEAT holders transitioned to cashing out. However, in the long-term, there is a chance that the coin will bounce back as the developers roll out new features.

How to buy Sweat Economy

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bit stamp

Bitstamp is a leading cryptocurrency exchange offering trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company that offers users an intuitive interface, a high level of security for your digital assets, great customer support, and multiple withdrawal methods.

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