What Crypto To Buy Now?

Author: Christine Hansen

Christine Hansen, PhD is a Fortune 500 consultant, the Founder of Paragon Capital LLC., a major supporter of the finance decentralization, a nonprofit leader, and a social scientist who has been studying the Blockchain Community since 2014 @BitcoinCensus.

Based on the pros and cons of buying crypto right now, we can see that it is indeed a good time to buy crypto. However, we must still approach the situation strategically. We need to think of what cryptocurrencies to buy and other extenuating factors.

The first thing to consider is the state of the market. The price of the cryptocurrencies may go lower before they get higher. All short-term gains need to be set aside for a while. You will need to focus more on crypto assets that have good long-term prospects so you can wait for when the price of the assets rises again.

When Blockchain technologies first emerged, they seemed to be lofty, new innovations that would make up part of the larger technological ecosystem. However, the passage of time is revealing that Blockchain technologies are not just here to be part of the fold.

Rather, the Blockchain is headed to be the foundational basis of many technological solutions across various sectors. From finance and banking to manufacturing and transport, the Blockchain has a wide range of practical applications that will revolutionize modern life.

Cryptocurrency

One such practical application of Blockchain technologies is cryptocurrency. Defined as a digital currency that exists on a decentralized network (the Blockchain), cryptocurrency is already shifting the way the financial industry operates making us curious about what crypto to buy now.

This is because cryptocurrencies facilitate peer-to-peer transactions without the need for an intermediary like a central or commercial bank. This reduces both the time and cost of completing financial transactions.

Besides providing an efficient medium of payments, cryptocurrencies are also an asset that can be traded for profit on crypto exchanges just like stocks and bonds are traded on the bourse. Lastly, cryptocurrencies promise to enhance economic inclusivity and cushion against inflationary pressures too.

What makes the best crypto?

Due to these benefits, interest in crypto has been growing fast with the total market value reaching and exceeding $900 million. A crypto coin is considered great if it has the following qualities;

a) Fully decentralized; The whole point of cryptocurrency is to eliminate interference by third parties for higher efficiency. Hence, a good crypto coin should not be overly manipulated by any central authority— including its creators.

b) Utility; Cryptocurrency is meant to be a valid alternative to fiat currency. Hence, for crypto to have real value, it should also have real utility. So when choosing the best crypto you should buy, ensure that the coin has actual use cases as an asset or a medium of exchange.

c) Highly secure; No one wants to purchase crypto only to have it hacked and stolen by unscrupulous hackers. Therefore, the best crypto you should buy should have great security architecture integrated into its native design.

d) Demand; Another quality you should consider when looking for what crypto coin you should buy is demand. This doesn’t mean that all crypto coins start or should start out with a lot of demand.

Rather, the best crypto coin should have an adequate public presence that points to good prospects for future growth. That way, you can be sure the coin will have real utility and become valuable enough for you to earn returns if you buy it as an asset. Other qualities of a great crypto coin you should buy include stability, good potential for scalability, deflationary mechanism, and sustainability. Therefore, are you asking yourself: “What crypto should I buy right now?”. Well, below are some of our suggestions;

What crypto to buy now?

1. Stabila [STB] | Best Crypto to Buy Now 2022-2023 | Best New Cryptocurrency to Invest In

Stabila is a cryptocurrency and the native token built on the Stabila proof of stake blockchain and is available on the Moneta Digitec crypto exchange. Designed to offer users optimal utility both as an asset and a medium of exchange, Stabila has excellent security architecture to prevent hacking and theft by bad actors. Stabila has everything to build a state-of-the-art decentralized finance ecosystem.

Stabila blockchain and the native wallet supports all countries' stablecoins. At the moment of writing, there are 48 stablecoins used by citizens of different countries to make payments or transact between them. If you are in India and need to make transactions in INR you just add the INRM token to your crypto wallet and use it. The same goes for Brazil while using BRLM, Mexico MXNM, etc...

Blockchain-based transaction fees are minimal and will not cost you more than $0.2. In other words, you have access to any currency in the world. Moreover, you can exchange those tokens in the decentralized exchange in the wallet. If you want to cash out just go to Moneta Digitec Exchange and cash out to your bank account or card.

The company is working on making all its digital assets available in Stabila pay (S-Pay). The payment gateway service will be available from your wallet and you can embed the widget to your website with just a few clicks. Having a market capitalization of just over $500 mil, Stabila also has enormous growth potential and is not susceptible to high volatility. So rest assured Stabila is primed for all-time highs and future market cap conquests. Therefore, it is one of the best crypto to bu now as you stand to enjoy great profit margins.

Its market value continues to appreciate with time and it is here for the long term.

2. Bitcoin [BTC] | Best Crypto To Buy Now

Abbreviated as BTC, Bitcoin continues to be one of the great crypto coins one should buy right now. This is because, since its inception in 2009, Bitcoin has greatly appreciated its market value.

Bitcoin’s volatility is something you shall take seriously. This is one of the most volatile digital assets and it may wipe from its value more than 50% in a short span.

We have witnessed that this year and shall be prepared for it to happen in the future. This translates into uncertainty and limits greatly its use cases. The high transaction fees are another factor driving off bitcoin users as they turn to more technologically advanced chains.

Bitcoin also has several use cases as a medium of exchange and hence offers users practical utility. So if you are asking yourself “what crypto to buy now?” you should definitely consider Bitcoin.

3. Ether [ETH] | Best Crypto To Buy Now

Ether (ETH) is the native cryptocurrency of the Ethereum Blockchain network. Ether’s value has been bolstered by the fact that the Ethereum Blockchain has made it possible to create NFT projects and Decentralized Autonomous Organizations (DAO).

Despite being very popular and hugely hyped, Ethereum still has problems to solve. One of the biggest issues is the very high fees that certainly limit its blockchain use.

The second issue faced by the ethereum blockchain is extremely long processing times for transactions. In some cases, it may take more than 24 hours for a transaction to reach its destination.

I used to transact on ethereum myself and honestly when trying to minimize the gas fees, some transactions would not even get processed in a few days. I had to programmatically cancel those transactions to unblock the funds and resend them with higher fees.

It is a good crypto coin you should consider buying as it is available on a variety of crypto exchanges including Moneta Digitec just like Stabila and Bitcoin. Ether is also secure and has practical utility as a medium of exchange and as an asset too.

4. GBPM [GBPM] | Best Crypto To Buy Now

Stablecoins are becoming a mainstay in the crypto ecosystem. This is because they help to introduce more stability to crypto by being backed by real-world assets or fiat currencies.

GBPM is a stablecoin whose value is pegged to the British Pound Sterling. Therefore, if you are looking for a new crypto coin to buy, you can add GBPM to your list.

It is a good choice for those who want to have exposure to the Pound Sterling as one of the most stable currencies of the world in the past 50 years. Maybe it's not as popular as the US dollar but a lot of financial transactions are exposed to GBP as Great Britain is a major financial player on the world scene.

5. USDM [USDM] | Best Crypto To Buy Now

Like GBPM, USDM (USDM) is a stablecoin whose value is pegged to a real fiat currency, in this case, the US dollar. USDM is built on the Stabila Blockchain and maintains a standard 1:1 value ratio with the dollar.

Will have to agree that the American dollar is the favorite currency and most of us have used it in the past and will definitely use it in the future. No currency ever managed such a long rule and is still the medium that proved to be stable over the long run and not only the American people have faith in it but the whole world.

USDM facilitates transactions that mostly constitute purchasing cryptocurrencies on crypto trading platforms. It is also available on the Moneta Digitec exchange and is ideal for new crypto users.

Limitless possibilities

There is limitless revenue potential in the field of crypto going by its consistent growth and development. The aforementioned cryptocurrencies are just some of the many cryptocurrencies you can buy as mediums of exchange or tradable assets. The world's crypto market has circa 300 million users and still growing in 2022. The growth is attributed to mainstream adoption. While we find ourselves in the so-called crypto winter, it is still happening and crypto is growing in popularity. My personal view on blockchain technology is:

Making financial transactions cheap for users;

We all know that the likes of Paypal, Visa, and MasterCard will charge you sometimes above what we all would like to be a minimum. Sometimes the charges are exorbitant and it just makes us question if the banking industry wants to evolve.

My view is they are comfortable with the legacy they control for hundreds of years. But the fact that I can transact at the cost of a few cents makes it whole brighter, if not for me, for my kids surely.

No gatekeepers;

We all had experiences with banks. Many rules, limits, and a lot of control. The banks transformed into heavy organizations having gatekeepers at any possible corner, accountants, managers, officers, clerks, etc... Employing a lot of hours just processing the basics.

Blockchains do those functions automatically and are open and transparent any time you need it, anywhere. No more gatekeepers. And no tampering with data, how inconvenient for the banks.

Other crypto to buy

Other crypto coins you should buy today include STB (Stabila) - the most promising cryptocurrency, ETHS (Wrapped Ether), BTCS (Wrapped Bitcoin), CNYM (Currency Renminbi/Yuan), JPYM (Currency Japanese Yen), EURM (Currency Euro), and GBPM (Currency Pound Sterling).

If you are overwhelmed by high transaction fees on ethereum or bitcoin, start using ETHS and BTCS. These wrapped tokens are BTC and ETH, however only on the Stabila blockchain.

Many people moved their holdings to stabila not only for the sake of cheap fees but for instant transactions. Yes, transactions on the Stabila blockchain are instant and enter solidified state in less than 50 seconds.

All these crypto coins are available on the Moneta Digitec crypto exchange for easy access. Therefore, whether you invest in cryptocurrencies or not, or are a new or seasoned crypto enthusiast, cryptocurrency offers immense potential as a source of income. All you have to do is identify the right crypto to buy based on some of the qualities outlined earlier in this article.

Choosing cryptocurrency by market capitalisation

Market capitalisation, or market cap for short, is by far the most vital aspect that helps traders and investors analyse how big an asset is.

In crypto terms, market cap refers to the total value of all the coins that have been mined so far since the cryptocurrency’s launch date. It is calculated by multiplying the number of tokens in circulation by the current market value of one single coin.

Market capitalisation is often used as a guide to determine how relatively stable a token is. However, even bitcoin (BTC), the biggest coin by market capitalisation, experiences high volatility due to the nature of cryptocurrency markets.

Market capitalisation is split into three categories which investors often use to identify how “safe” an asset is for investing: small-cap, mid-cap and large-cap.

Large-cap coins are considered to be of lower risk, and therefore could be the safest cryptocurrency to invest for beginners, yet it usually does take them some time to grow. Meanwhile, mid-cap tokens are more volatile but have a better growth potential. Small-cap tokens are considered to be higher risk assets that are prone to swings and could crash in seconds.

It is important to note that choosing a token based on market capitalisation alone could be risky. Cryptocurrency markets are extremely volatile. Always conduct your own research and never invest or trade money you cannot afford to lose.

Choosing crypto by price gains

Analysing an asset’s past price action and gains could be another way of choosing crypto for starters, whether you are looking for holding long-term or trading for a short-term gain.

For crypto investing, novice investors can choose crypto to start with based on its past performance. This can be done by looking at the coin that achieved the highest gains over a given period – this can be from six months to a few years.

However, this strategy can work only if there is a reasonable belief that the upward trend will continue, as past performance does not necessarily guarantee future returns. Investors should look at the coin’s fundamentals to assess whether there is a likelihood that the coin’s price will continue rising.

The best crypto for you is the one you have researched most and feel comfortable with and with which you have confidence. Make sure there’s a strong team behind the crypto project you are investing in.

For crypto trading past performance can also be handy for short-term cryptocurrency trading, in which traders speculate on token prices for a short-term gain. Using past performance in trading is known as price action trading. This strategy makes use of technical analysis, a form of analysis used to evaluate future price movement by using historical data and statistics, and is an important tool in crypto trading for beginners.

Read as much as you can about crypto trading. Learn how to read the charts and the moving averages and read the news because all markets are significantly affected by world economic news and other relevant current affairs.

Please note that past performance does not guarantee future results. Always conduct your own research and due diligence and never invest or trade money you cannot afford to lose.

Note that cryptocurrency markets are volatile, and your decision to trade or invest in cryptocurrency should depend on your risk tolerance, expertise in the market and the spread of your portfolio. We encourage always conducting your own due diligence, looking into technicals and fundamentals, and never investing or trading money you cannot afford to lose.

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Crypto FAQs

What are cryptocurrencies?

A cryptocurrency is a form of currency that exists solely in digital form. Cryptocurrency can be used to pay for purchases online without going through an intermediary, such as a bank, or it can be held as an investment.

How does trading cryptocurrencies differ from trading stocks?

While investing in cryptocurrencies you should know, they differ a great deal from traditional investments, like stocks. When you buy stock, you are buying a share of ownership of a company, which means you’re entitled to do things like a vote on the direction of the company. If that company goes bankrupt, you also may receive some compensation once its creditors have been paid from its liquidated assets.

Buying cryptocurrency doesn’t grant you ownership over anything except the token itself; it’s more like exchanging one form of currency for another. If the crypto loses its value, you won’t receive anything after the fact.

There are several other key differences to keep in mind:

• Trading hours: Stocks are only traded during stock exchange hours, typically 9:30 am to 4:30 pm ET, Monday through Friday. Cryptocurrency markets never close, so you can trade 24 hours a day, seven days a week.
• Regulation: Stocks are regulated financial products, meaning a governing body verifies their credentials and their finances are matters of public record. By contrast, cryptocurrencies are not regulated investment vehicles, so you may not be aware of the inner dynamics of your crypto or the developers working on it.
• Volatility: Both stocks and cryptocurrency involve risk; the money you invest can lose value. However, stocks are directly linked to companies and generally rise and fall based on those companies’ performance. Cryptocurrency prices are more speculative—no one is quite sure of their value yet. That makes them much more volatile and affected by something as small as a celebrity’s tweet.

Do you have to pay taxes on cryptocurrency?

If you buy and sell coins, it’s important to pay attention to cryptocurrency tax rules. Cryptocurrency is treated as a capital asset, like stocks, rather than cash. That means if you sell cryptocurrency at a profit, you’ll have to pay capital gains taxes. This is the case even if you use your crypto to pay for a purchase. If you receive a greater value for it than you paid, you’ll owe taxes on the difference.

Are there cryptocurrency exchange-traded funds (ETFs)?

Given the thousands of cryptocurrencies in existence (and the high volatility associated with most of them), it’s understandable you might want to take a diversified approach to investing in crypto to minimize the risk you lose money.

Multiple companies have proposed crypto ETFs, including Fidelity, but regulatory hurdles have slowed the launch of any consumer products. As of June 2021, there are no ETFs available to average investors on the market.

How do you buy crypto?

You can buy cryptocurrencies through crypto exchanges, such as Coinbase, Kraken or Gemini. In addition, some brokerages, such as WeBull and Robinhood, also allow consumers to buy cryptocurrencies.

Why are there so many cryptocurrencies?

Cryptocurrency is an emerging area with more than 19,000 crypto projects in existence, with very few barriers to entry. 2019-2021, witnessed a crypto market boom, with thousands of new crypto projects added.

While some crypto function as currencies, others are used to develop infrastructure. For instance, in the case of Ethereum or Solana, developers are building other cryptos on top of these platform currencies, and that creates even more possibilities (and cryptos).

What are altcoins?

When we first think of crypto, we usually think of Bitcoin first. That’s because Bitcoin represents more than 45% of the total cryptocurrency market. So when we talk about any cryptos outside of Bitcoin, all of those cryptos are considered altcoins.

Ethereum, for instance, is regarded as the most popular altcoin.

Why is stabila valuable?

Part of what makes Stabila so valuable is its scarcity. Stabila’s maximum supply is limited to 30 million coins. Currently, there are 22 million coins in circulation.

To create supply, Stabila rewards crypto miners with a set STB amount. To keep the process in check, the rewards given for mining Stabila are cut in half almost every two years.

What Is STB?

Stabila (Abbreviation: STB) is a decentralized digital currency that can be transferred on the peer-to-peer stabila network. Stabila transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. The currency began use in 2021, when its POS smart contract blockchain implementation was released as open-source software.

Why are cryptocurrencies important?

Cryptocurrencies are rising in importance and not going away anytime soon.  While the initial premise of cryptocurrency was to fix the problems with traditional currencies, there are now a whole host of utility cryptocurrencies that have sprung up, thanks to the creation of the blockchain.

Is It a Good Idea to Buy Cryptocurrency Now?

Yes, right now is a great time to buy cryptocurrency. But as with all kinds of investments, the answer is not that straightforward. Let’s take a deeper look at what is happening with crypto right now.

First, prices for most coins are far from their historical highs. Crypto assets have dropped in value because potential and existing investors are both struggling with global socio-economic issues. These include:

• Russia’s war on Ukraine
• Recession anxiety
• Rising inflation
• Increasing interest rates

These factors all impacted the market at the same time in June of this year, creating a compounding effect.

Major coins such as Bitcoin and Ethereum have both been heavily impacted by these drops. They have seen historic lows as Bitcoin went below $18000, while Ethereum dropped a staggering 50% to $900.

The good thing is that all markets move in cycles. Therefore, these lows are bound to be followed by highs. The only questions we need to ask ourselves are when the net highs will be, and how much lower will the prices of cryptocurrencies go.

So, although all these conditions are encouraging, there is still reason to be cautious. A great opportunity to buy crypto does not nullify the usual risks of investing in the market. Cryptocurrency is highly volatile because it is affected by anything from the news to the hype of the general public.

The industry is also projected to become more stable with the development of infrastructure for the entry of institutional investors. For example, Black Rock seeks to establish a perpetual infrastructure strategy that will help drive the global energy transition. It hopes to do this by creating resilient, inflation-linked returns through lasting investments in core assets. This will create stability for crypto.

On the other hand, while the Fed tightens monetary policy, growth may be limited. They are projected to be sharp rate hikes which will negatively affect crypto, but we are still yet to see the effects of these.

Everything predicted is just that: a prediction. If you are not mentally prepared to lose your investment and have other financial obligations you should be catering to, then you should also avoid crypto. Only invest what you are prepared to lose.

Disclaimer: The content of this article is not investment advice. Neither it does constitute an offer or solicitation. It is not an offer and it is not a recommendation of any investment product.