This article details the five top crypto to buy now and add to your portfolio. Why is that important? Because, the crypto market has been on a tear after a three-month hiatus, with the bulls seizing control of the market. Large-cap crypto, Bitcoin, has led the nascent industry into another phenomenal rally, as more investments poured into the emerging sector once more. Ready to check out the coins we picked out? Let’s jump right in.
1. Bitcoin (BTC)
Bitcoin’s critical role and influence cannot be overstated. Boasting a 43.6% market dominance of the emerging futuristic financial space, Bitcoin is the top crypto to buy for long-term growth.
Its beginnings belie its growth potential. Since launching in 2009, the benchmark cryptocurrency has grown more than 9 million times, ballooning the crypto market into a $2.5 trillion market during the April boom.
The virtual currency’s importance has seen several countries begin to consider adopting it as a legal tender, thereby heralding a new age of exchange. Currently, the Latin American nation El Salvador leads the Bitcoin adoption charge. It is set to enable BTC payments this coming September. Paraguay, Argentina, and a host of other countries are also keen on making this dynamic digital asset shift.
Price-wise, Bitcoin leads the crypto market, previously surging to $65,000 before market pressures shaved off 50% of the value. However, the premier digital asset is back to its old ways having retested the $50,502 mark over the past week. At press time, BTC is trading at $47,894.74, with a 24-hour high of $49,400.46.
2. Ethereum (ETH)
The Ethereum network has made a fundamental change to the ETH token with the London hard fork, deployed in the middle of August.
The EIP-1559 led to a percentage burning or reduction of ETH tokens enabling the once inflationary digital currency to become deflationary at every token burn.
A major reason why ETH is a top crypto to buy is the Ethereum network’s pivotal role in the future of the burgeoning decentralized finance (DeFi) sub-sector. Sporting over 200 top-performing decentralized applications (dapps), Ethereum is a known player in the fast-rising next-generation DeFi services.
In addition, the ETH token is the de facto currency for the booming non-fungible tokens (NFTs) sector. ETH is used for listing and the subsequent purchase of these unique digital collectibles.
Meanwhile, the Ethereum network had a little scare last week, which led to a network split that opened the network to a double-spend attack.
About 73% of Geth client nodes operated on a different Ethereum network for a brief moment. However, the team behind the Ethereum project has released an update to address this “high severity issue” codenamed Hades Gamma.
So far, Ethereum has continued to show resilience and still occupies the spot as the second-largest crypto by market cap. The ETH token has been subject to massive volatile streaks, dipping at one time to $1,800 during the bearish market.
At its current value, ETH is struggling to retest the $3,500 and presently trades at $3,183.72, down 0.25% in the last 24 hours.
3. Cardano (ADA)
The Cardano network is another top crypto to buy, given the blockchain platform’s growing adoption in the past months.
On a mission to change the blockchain ecosystem and enable a more connected financial space, Cardano uses a PoS protocol it calls Ouroboros.
However, unlike several conventional PoS architectural systems, Ouroboros randomly picks validator nodes, ensuring a democratic system. This way, it ensures that “rich” or large validator nodes do not get all the block rewards for verifying transactions due to the number of ADA tokens they hold.
Also focused on DeFi and onboarding NFT-focused platforms, Cardano has several investors on the edge of their seats. Their consistent deployment of network upgrades based on the roadmap has seen ADA token rally consecutively nearing the $3 mark.
Its recent announcement of the deployment of smart contracts through its Alonzo hard fork has lent fundamental adoption of the Cardano blockchain. With the project still under development, ADA is the third-largest crypto asset by market cap.
Like the Solana blockchain’s Pyth network, Cardano announced its blockchain-powered market maker Cardaswap.finance.
Price-wise, ADA is one of the hottest coins since the beginning of August, growing a phenomenal 50% in the last month. At press time, ADA trades at $2.813, down 0.92% in the daily chart.
4. Solana (SOL)
The Solana blockchain enables mass adoption of DeFi and NFTs. However, unlike both rival blockchains, Solana is one of the fastest dapps platforms in the blockchain ecosystem, boasting over 50,000 throughputs.
It is also very cost-effective as developers get to build on the crypto protocol while paying a negligible amount in fees.
Its environmentally responsible platform has become a huge draw for environmental, social, and governance (ESG)- minded investors, and the protocol has seen more integrations than any other blockchain platform in August.
The cryptocurrency recently launched real-time market data provider Pyth network after previously integrating with blockchain energy company Power Ledger and Neon Labs.
This slew of integrations has seen the SOL token rally more than 220% in the past month. This saw SOL hit a record value of $100.67, eclipsing the May high of $55.91.
At press time, SOL is trading at $101.21, up 9.11%. This parabolic rise has seen SOL become the eighth largest crypto asset by market cap and a top crypto to buy.
5. Binance Coin (BNB)
Binance Coin or BNB is not on any particular mission, but this does not make it a small-cap crypto asset.
The digital asset’s parabolic rise to $650 during the April crypto boom saw it shoot to the third-largest position and become a top crypto to buy.
Used primarily as a discount token for trading on the Binance crypto exchange, BNB has seen its use case expand with the world’s largest crypto exchange.
It plays a crucial role in the smooth running of the Binance Smart Chain (BSC) and is the de facto exchange token on the popular decentralized exchange (DEX) platform Pancakeswap.
BNB has also benefited from the recent bullish market run and left the $300 mark, rallying to $500 during Bitcoin’s ascent to the $50,000 mark. However, it has dipped slightly and currently trades at $477.17, down 2.04% daily.