![]() That said, it’s not all sunshine and rainbows for Solana, as its network has had about a half-dozen meaningful outages recently as the young network grapples with rapid growth, price volatility and bots. Still down more than 60% from its all-time highs mere months ago, Solana’s upside to its past peak of $260 is far greater than either BTC or ETH. ![]() Solana is also an early contender to become one of the preferred networks for blockchain-based games, which could yield huge usage - and in turn spark major demand for the SOL token - if successful. Solana is one of Ethereum’s most serious competitors, boasting a fast network with a growing number of dApps, although Solana’s most compelling advantages at the moment are its programmer-friendly compatibility with the easy-to-code Rust language and its rock-bottom transaction fees in comparison to Ethereum. Ethereum’s biggest shortcoming is its proof-of-work protocol, which makes transactions energy-inefficient and inexpensive, but a shift to the faster and cheaper proof-of-stake protocol is underway. With a huge advantage in network adoption over rivals, numerous decentralized applications, or dApps, are built on top of the network, giving it staying power. The most widely used blockchain in existence, Ethereum is central to exciting and emerging areas like decentralized finance, or DeFi smart contracts and nonfungible tokens, or NFTs. The January crypto crash briefly put ETH down more than 50% from its November all-time high of $4,891. ![]() This platform hosts the Ether currency, which is the second-most-valuable crypto, with a market capitalization of about $300 billion at the time of this writing. No list of the best cryptocurrencies to buy is complete without Ethereum. Any time Bitcoin trades for less than $39,000 is a buying opportunity, and with a combined $2.7 trillion in cash on S&P 500 companies’ balance sheets, there is a lot of potential for corporate treasuries to diversify from from dollars to Bitcoin in coming years. ( TSLA) announced it had purchased $1.5 billion worth of Bitcoin in February 2021, BTC was trading at about $39,000. That last one is perhaps the most important catalyst to keep in mind: Before Tesla Inc. (ticker: CME) offered futures contracts on, the first to have a U.S.-based exchange-traded fund following its price movements and the first crypto that an S&P 500 company put on its balance sheet. Aside from being the first-ever cryptocurrency, Bitcoin also became the first that CME Group Inc. In this asset class, Bitcoin is one of the few tried-and-true, blue-chip coins you can buy. ![]() Here are seven of the best cryptocurrencies to buy now. But for those willing to accept high risk and a bumpy ride, February looks like an excellent entry point for top cryptos. If a 30% decline in a month is too volatile for your liking or would force you to sell out, this is the wrong asset class for you. If anything, the first month of the year should underscore the high risk tolerance that crypto investors need to have. To make matters worse, this sell-off coincided with a broader decline in the stock market - the worst January for stocks since the depths of the financial crisis in 2008. There’s no getting around it: Cryptocurrencies had an absolutely devastating start to the year, as many of the world’s top digital assets swiftly fell into bear-market territory. The best cryptocurrencies to buy on the dip. Business & Finance Click to expand menu.
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