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With the problems with fiat currency, buying crypto has been a lifesaver for many investors. However, not all cryptos provide good returns and have great potential. Therefore, it is important to do in-depth research before investing in a crypto project.
Cryptocurrencies That Can Be Tracked
Some cryptos that can be tracked according to the sponsored content sender.
KangaMoon (KANG)
According to the sponsored content poster, KangaMoon is a new crypto project that will combine play-to-earn and social-fi models. The goal of this project is to create a community for meme enthusiasts. As a P2E, there are numerous gaming events that users can participate in and win rewards. Even those who do not participate in the games can speculate on game results and win prizes. But its future is uncertain and the investment carries the risk of loss.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
The KangaMoon project is currently in the 5th phase of pre-sale and the token is sold for only $0.0196. Buyers are given an additional 10% bonus. The token price increasing at each stage means early investors are seeing a 291% return on investment. The KangaMoon project has raised more than $3.9 million, and it is claimed that this figure could reach $5 million before the end of the month. But it is not certain, there is a risk.
Cryptocurrency investments are high risk investments, do your detailed research before making any transaction.
As a community-driven meme ecosystem, users can earn KANG tokens when they participate to promote the project on social media. Referral program is also another way to earn more KANG tokens. However, the future of the token is uncertain, and the investment carries the risk of loss.
Avalanche (AVAX)
Avalanche (AVAX) is a tier 1 crypto and is ranked #2 on our list of the best cryptos to buy right now. Avalanche provides a transparent, scalable and decentralized infrastructure for all smart contracts. Avalanche provides subnets that are part of the Avalanche C chain. With the Avalanche bridge protocol, users can transfer tokens from the Ethereum network to the Avalanche C-Chain. This compatibility with Ethereum enables seamless transactions between the two top blockchains.
Meanwhile, Avalanche operates through unique frameworks that include X-Chain, P-Chain, and C-Chain. C-Chain is used to host smart contracts and other decentralized applications. P-Chain, on the other hand, monitors active subnets and allows new subnets to be created.
So far, Avalanche token has witnessed major rallies in the past weeks. The token price increased by 47% last month. There is a high probability of a rally that could yield 5x returns if it finds support at $56 in the coming weeks.
Dogecoin (DOGE)
Dogecoin is one of the best altcoins on the market. With a market cap of $25 billion, Dogecoin has established itself as one of the most popular and best meme coins in the crypto space. Although meme coins thrive on hype, Dogecoin has gained attention over the years. The token came into the spotlight in 2021 after a series of tweets by Elon Musk that led to a massive rally.
Although Dogecoin pulled back after the 2021 rally, the token is currently witnessing a rally. Dogecoin price has increased over the last few months. For context, the token price is up 106% in the past month. On the weekly chart, Dogecoin gained 32% in value. The daily trading volume is over $2.9 billion, meaning that the token is witnessing massive trading activity. With rumors of the upcoming Bitcoin halving, some analysts have tipped dogecoin to witness a massive rally. This could push the price to $0.5 and over 10x ROI. Thus, it becomes one of the best cryptos to invest in now.
Ripple (XRP)
XRP is another best crypto that will provide quick returns. XRP cryptocurrency token is used to send money globally at cheap rates. The primary use of XRP is to serve as a bridge token to provide affordable and secure services. The Ripple project operates on a consensus protocol rather than Bitcoin’s proof-of-work model.
Ripple helps verify all account balances and transactions with consensus logic. With the reconciliation model, double spending is prevented and system integrity is improved. The partnership between Ripple and other financial institutions such as Mastercard is a good sign and has increased its reputation.
However, Ripple’s trouble with SEC regulators warrants some caution. If they can reach an agreement with the SEC without any problems, Ripple prices will head to the moon this year. Meanwhile, the XRP price has increased by 16% in the past month. With XRP trading volume witnessing an average daily trading volume of over 40%, some analysts believe that the XRP price will soon reach $1.
Cardano (ADA)
Cardano cryptocurrency is a proof-of-stake blockchain network known as a third-generation network. The purpose of Cardano Token is to solve the scalability issues that have affected previous blockchains such as Ethereum. Due to its POS feature, it has a less energy-intensive mechanism that is great for cryptographic transactions.
The goal of the Cardano blockchain is to be the most environmentally sustainable platform. The proof-of-stake model it uses is known as Ouroboros, which helps manage its operations. With this model, the Cardano network ensures that no one spends money twice without a regulated financial authority like PayPal or Visa.
Cardano token is currently witnessing an uptrend. The token price increased by 8% last month and 6% last week. All Cardano key market indicators such as trading volume and market capitalization are experiencing an uptrend. After finding support at $0.6, the token aims to overcome the $1 resistance zone in the coming weeks. A breakthrough could lead to a big rally. On the current trajectory, some analysts believe Cardano’s price will reach $5 within the year.
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*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and there is a risk of investment loss. Do your detailed research before investing!
