The Best Cryptocurrencies to Buy this Week

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January 19, 2023

We have simplified the choice process with an in-depth analysis of

the best cryptocurrencies to buy
Are you looking to start investing in cryptocurrencies but are unsure of where to start?
Well, you have come to the right place. We have simplified the choice process with an in-
depth analysis of the best cryptocurrencies to buy now. As a new investor in
cryptocurrencies, finding high growth, yet low risk cryptocurrencies can be tasking. Quite
understandable given that hundreds of new cryptocurrencies are coming to the market
daily.

Bitcoin

Bitcoin is one of the most popular cryptocurrencies. It is the first successful blockchain-
based currency to hit the market in 2009. Crypto investors have been trying to figure out
the next Bitcoin or the best cryptocurrency to get their hands on. Although many altcoins
have emerged recently, the dominance of BTC remains.

Ethereum

Ethereum was the first major project to introduce smart contracts. These smart contracts
allow developers to launch mobile and desktop decentralized applications (dApps) on top
of the blockchain. Thousands of tokens run on the Ethereum network, and it is these
tokens that spurred the initial coin offering (ICO) movement.

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Dogecoin

What started as a meme now serves a purpose. Dogecoin’s primary usage has now
become a model for tipping people online who share helpful information or are just
hilarious. Over the past year, Dogecoin has been in the news for several reasons, be it
the Reddit fiasco or Elon Musk becoming a ‘Dogefather’. This popularity is predicted to
continue, boosting its price slowly but surely.

Chainlink

In the world of blockchains, Chainlink is one of the first to allow the integration of off-chain
data into smart contracts with an Oracle network. This enables blockchains to connect
with external data and transactions securely. On account of its applications, experts
predict an upward chart for this cryptocurrency as Chainlink’s technology is crucial for the
advancements of smart contracts.

Shiba Inu

Dogecoin emerged out of a meme, but quite rapidly it became something that could
gather a growing community of loyal supporters. Despite its whimsical beginnings, SHIB
emerged as one of the top cryptocurrencies in the market with big selling points. The
community also created an NFT project back in 2021 about SHIB that has enabled it to
gain more attraction from investors.

XRP

XRP is an open-source cryptocurrency that uses an open-source distributed ledger called

the XRP ledger. It is the native coin of Ripple, which is an enterprise blockchain company
that facilitates global transactions. The creators claim that XRP was built for payments
and can settle transactions faster than most other cryptocurrencies securely and
efficiently.

Polkadot

Polkadot is also a blockchain network that is working on interoperability protocols. It

connects several chains in a single network and allows parallel transactions in a single
network. Its top cryptocurrency, DOT, is used for governance, connecting with parachains,
and governance.

Ripple

The motto of Ripple Company is to unleash digital scalability across the globe and reduce
transaction costs associated with cross-border fund transfers. On its way to fulfilling this
mission, RippleNet has launched XRP, its digital currency, into the cryptocurrency sphere.
According to experts, XRP and the tactic that it works on could reach a new level in the
future. But the XRP token is tangled in a court case with the SEC.

Binance Coin

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Binance Coin is used to trade other cryptocurrencies and pay fees on Binance, one of the
biggest cryptocurrency exchanges in the world. It was launched in 2017 and can now be
used for many functions like even booking travel arrangements. If you are going to invest
in cryptocurrencies for the first time, it’s best to invest in Binance first and then trade it for
other cryptocurrencies.

Uniswap

Uniswap runs on the Ethereum network and powers the Uniswap crypto exchange. This
exchange works on an automated liquidity model for trading, with no involvement of a
bank or a broker. Uniswap is also an open-source platform, so anyone can use the code
to create new exchange platforms. This token was launched in 2020, and in one year
grew to become the most popular cryptocurrency in the town.

Disclaimer: The information provided in this article is solely the author’s opinion and not
investment advice – it is provided for educational purposes only. By using this, you agree
that the information does not constitute any investment or financial instructions. Do
conduct your own research and reach out to financial advisors before making any
investment decisions.

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