Cryptocurrencies for you to buy now

Cryptocurrency prices continue to rise in October, with other assets following suit

In the past month, stocks and cryptocurrencies have had a welcome respite from what has been a turbulent year for most investments. For October, cryptocurrency assets and ICOs accumulated gains of 8%. The market cap per coin is now worth $1 trillion and will likely hit $2 trillion in value next month if BTC continues.

The interest rate hike in October was widely predicted, and of course the October inflation figures are proof that the worst may be over. Cryptocurrency was originally introduced with the promise of easy money. However, recently there has been a change in the economic environment that has led to higher rate environments.

Here are some coins to consider if you are interested in trading digital assets or have a long-term interest in cryptocurrencies. These coins have a lot of potential and have shown promising success in the past year.

Bitcoin (BTC)

Cryptocurrencies for you to buy now
Source: Google

Bitcoin is the alpha of the crypto asset class and the top token for more conservative investors. It is also worth noting that Bitcoin remains one of the safest cryptocurrencies in the world and has a market cap of nearly $4 billion.

Bitcoin, also known as the most volatile cryptocurrency in recent history, has seen a recent lack of volatility. The cryptocurrency has surpassed $20,000 and continues to trade above that level. This could be thanks to the market being more bullish about Bitcoin’s future potential due to its relative stability.

Bitcoin volatility is on the decline and is now lower than the volatility of some of the most important stock exchanges in the world. This change in Bitcoin’s price has been attributed to a variety of factors such as market manipulation, a new algorithm, and more. With these fluctuations, investors have seen huge gains and losses in their portfolios in just a few hours.

Bitcoin has been the talk of the town for the past few years. With more and more people investing, Bitcoin is becoming more and more valuable. The most important factor for investors to watch is how Bitcoin will be used in the future.

Ether (ETH)

If you are new to cryptocurrencies and want to limit your exposure, you may want to invest in just two assets that have solid popularity and stability, Bitcoin and Ether. Cryptocurrencies are a new form of asset that is in high demand by the general public. Its prices fluctuate significantly and its popularity continues to grow. Investing in these two assets will help limit your exposure to the volatility involved with cryptocurrencies.

The value of Ether is around $200 billion, making it the second largest cryptocurrency in circulation. The value of Ether is the second largest cryptocurrency in circulation and is the second largest cryptocurrency after Bitcoin. Ether was created by Vitalik Buterin in 2013.

Few people can predict the value of ETH in the future, but many believe that its popularity among users, developers and creators is the foundation of ETH’s attractiveness and value. The international transaction market soared after the introduction of Ethereum in 2017. Banks quickly became efficient and cost-effective, while DeFi helped make financial transactions more secure with blockchain technology.

Ethereum has recently transitioned from a proof-of-work protocol to a proof-of-stake protocol that is much greener. This has increased the value of Ether for energy-conscious investors. ETH is up 19.4% in October, which is good for trend-based investors.

Avalanche (AVAX)

Alright, you might find it a little strange to include so many DeFi players in a list of our favorite cryptocurrencies. But the size of the rapidly growing market clearly makes this question irrelevant. According to a recent report by Grand View Research, the distributed financial intermediary market is expected to grow at a compound annual growth rate of 42.5% between 2022 and 2030, reaching $231.2 billion in 2022.

Avalanchers use AVAX as their currency, which is considered to be the fastest smart contract platform in the world. The goal of Avalanche Blockchain is to become something like Amazon Web Services for crypto.

Amazon Web Services (AWS) is an online service that provides computing power and other IT resources over the Internet. It is the world’s largest cloud computing company, headquartered in Seattle, Washington. This platform is unique as it allows the deployment of many blockchains on its platform. It’s a company, Ava Labs, that anticipates this trend and prides itself on providing this flexibility.

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Por: Fabio Calixto
Copywriter / Redator Especialista em Economia, Investimentos e finanças Sua maior paixão é contribuir com o crescimento pessoal/financeiro das pessoas
Publicado em: 14/11/2022