As the crypto market is rapidly developing, many people are willing to buy a cryptocurrency and join this growing industry. There is an endless number of cryptocurrencies in the market. Every day, new projects emerge, and some of them reach success and become unicorns. It is pretty challenging for a beginner to identify which project is up-and-coming and has growth prospects and which is just a bubble. So in this article, we will try to find out what is the best crypto to buy.
To do this, we will go to the WhiteBIT crypto exchange blog. It is a handy resource for both novice traders and experienced ones. It offers a lot of helpful information:
- Guides on buying crypto with fiat
- Various competitions and rewards for users
- News from the industry
- Educational sector
- How to trade with trading bots and algorithms
- New projects and their tokens that joined the White BIT family
- The list of the most promising crypto assets in the market
So we will stop on the list of the best crypto coin to buy now.
Good crypto to buy now
Here are the best crypto investment picks as of May 2022.
Let’s consider these assets in more detail.
It is the most common crypto asset globally and good crypto to buy now. It shows stable growth in the long term. Bitcoin is the best investment option ever. Its market cap is $685 billion. Like most other crypto assets, BTC is based on blockchain, a ledger where the transactions are recorded and verified when complicated mathematical puzzles are solved. This process is called “Proof of Work”; it makes Bitcoin secure from fraudsters.
1 BTC costs $36 as of May 2022.
Its market capitalization is $324. Ethereum is a crypto asset and a blockchain. Developers worldwide build applications on the top of the Ethereum blockchain – these are smart contracts that are completed when specific conditions are met. Also, trendy NFTs are created based on this blockchain.
As of May 2022, the ETH rate is $2,685.
It is a stablecoin, which means that its rate is backed by the dollar. Theoretically, Tether’s price is more stable than other digital assets. That is the reason why investors who don’t want to take a risk buying extremely volatile cryptocurrencies prefer Tether to other digital assets. Its rate is $1.