Cryptocurrencies have proven to be a life-changing industry. Unlike the traditional ways of investing, crypto has proved to be more productive than ever expected. But just as productive as it can be, its volatility behavior also has lost on investment to many the same way.
We will be looking at the top five Cryptocurrencies other than Bitcoin you can invest in this year.
1. Terra (LUNA)
This is one of the most popular altcoins out there. The coin had once solidified its position in the top ten positions but it’s currently at the 78th position. Whats makes this coin a good investment towards the end of the year is the statistical position it is at right now. Terra had some setbacks but with the strong fundamentals it has, it’s looking to overturn the market.
Currently, the market is bleeding with an exception of a few coins. Terra is now only against the market’s last 7 days’ wave but also the biggest gainer in the top 100 currencies. The value of this coin has more than doubled in the last 7 days after skyrocketing by 122%. And it could have been more if the coin did not lose 29% today. This shows how not only are you likely to gain a lot from the volatility of the market but if the timing is wrong you could lose.
2. Solana (SOL)
This is probably the winning coin of the year. If there were awards for the best performing crypto of the year this could be it. Solana is in 9th position and it is closing the gap between it and its close competitor Cardano. Solana the platform has always been trying to do what Ethereum does only more improved to mitigate the major issues on etherium platform.
The platform has projects and partnerships scheduled and lined up for the near future. This is the main reason why investors are confident with it. SOL has recently been getting on and off the top ten but have somehow found its comfort zone at the 9th position. The coin has gained 17.33% in the last day 5% being from the last 24hrs. At this rate and pace from the last two months, the coin will eventually be a nightmare for Cardano.
STAY TUNED FOR THE OTHER 3 CRPTOCURENCIES THAT ARE INVESTABLE.