TOP 5 CRYPTO TO INVEST IN NOW

TOP 5 CRYPTO TO INVEST IN NOW

how much more upside does bitcoin have it's gonna go way way lower the asset itself is creating nothing easy money in crypto has been made so i think it's safe to say the cryptocurrency market lately has been volatile with bitcoin tumbling down from its previous all-time highs many new investors are shaken up with a fear and greed index following suit and showing us the fear is real in markets like this people tend to get greedy when the prices rise which results in the fear of missing out and when the market turns red well people often begin panic selling if you want to make money in crypto this is not how you want to approach your trades instead invest when others are fearful and be afraid when others are greedy now although right now may seem like it's the hardest time to invest with the overall sentiment being down i believe it could be the most profitable for any new investors looking into entering the crypto market any dips that we have i just see it as an opportunity to get the same type of deals that many investors got earlier this year so what cryptocurrencies should you consider looking into now and what is going to be the most profitable by the end of this video you'll have a complete idea of the top cryptocurrencies to invest in right now before we get started if you don't want to miss out on any future uploads and get some of the most digestible crypto content on youtube subscribe to the channel and drop a like on this video so youtube will recommend more videos just like this to you i also need to mention i am not a financial advisor and please do not take this information as investment advice one more thing don't forget to check out surfsharkvpn 83 off and three months free using my link down below to begin the first cryptocurrency on my list is gonna be ethereum by now you should have a good idea of what ethereum is but just in case you forgot here's a little recap ethereum is currently the number two cryptocurrency that allows smart contracts and decentralized applications to operate on its network and this cryptocurrency proves to be much more than your ordinary store of value that of bitcoin claims to be and it allows users to create build and revolutionize the world through the use of its smart contracts what's special about ethereum is the seemingly unlimited use case it has that ranges from creating a social media network to filing storage sending payments and even building networks of digital art that we know as nfts the future of ethereum is bright as they continue to make network upgrades to support the increasing demand in usage i believe as the adoption of crypto continues ethereum will always be an essential network needed to supply the power and resources for many of these decentralized applications so brian why is ethereum number one on this list aren't there other all coins that are growing much faster than ethereum in today's market well right now there's a total of over 2 700 decentralized apps using ethereum and although this may not be a moonshot low cap altcoin i believe in terms of a well-balanced and risk adverse portfolio ethereum is going to continue to be the king for my top picks list currently they have come down from its previous all-time high of over four thousand dollars and is trading at three thousand dollars if you get lucky you can even pick it up on sale for over fifty percent off just recently i scooped up some additional ethereum for under two thousand dollars in that last dip just remember to not get greedy and always dollar cost average your investment because timing the market can be very difficult ethereum currently has one of the most impressive ecosystems to this day and if we ever see the flipping happen where ethereum overtakes bitcoin i can assure you that we will have a ton of happy little jungies now the second crypto on my list has been what i consider strong and almost bulletproof to the market volatility and crash that we began to see back in may ladies and gentlemen give a warm welcome to polygon polygon formerly known as matic network is a multi-chain scaling solution for ethereum and the goal is to provide faster and cheaper transactions on ethereum using layer 2 side chains ethereum scaling has always been a hot topic in the crypto niche in order to solve congestion and reduce gas fees due to the popularity of d5 products and application using ethereum's network in order to make upgrades to a cryptocurrency like ethereum you have to scale the base layer also known as a layer 1 upgrade or you build on top of the layer 1 block chain using its existing elements which we call layer 2 solutions layer 2 scaling can dramatically increase the transaction speed compared to any layer 1 or ethereum 2.0 upgrades now the question is how does polygon come into play so polygon is pretty fascinating because on top of layer 1 and layer 2 upgrades they offer a solution that creates an ecosystem of many different scaling solutions such as side chains plasma zk roll ups and optimistic roll-ups so unlike other cryptocurrencies where they rely on just one type of upgrade or scaling solution polygon's well diverse approach allows them to create a long-term solution in the case that any one of the scaling solutions fail polygons team looks to solve any scaling issues in the future with their own original solutions where others have failed just recently we had influential celebrities like mark cuban announce his investment into polygon and how he found himself using it more and more as a user he also emphasized that network effect is crucial and stated having more transactions per speed and lower gas fees is not enough there must be a current network effect and significant user growth this is a challenge for most layer ones and layers twos because with few exceptions marketing in the crypto universe is beyond awful it is fast it works well and most importantly their user base is growing exponentially so polygon has a list of great apps on their network however my favorite is poly market where you can make bets and trade on the world's most highly debated topic like this whether doge will reach one dollar at any point before june 15 2021

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in the last year polygon has increased over 8 000 and something tells me this is still nowhere near the top currently they are trading at a dollar eighty three cents coming down from its previous all-time high of two dollars and sixty eight cents with polygon's co-founder claiming he works 18 to 19 hours a day building this project i certainly don't question the work ethic and accomplishments of this team polygon is available to trade on most major exchanges but here's a little bonus treat for you if you find this asset on coinbase you can go ahead and take these short little quizzes that reward you freematic in less than just a few minutes i also have a link in the description for coinbase where you can pick up an extra five dollars if you are a new user so for the third crypto on my list ranked number 12 on the market we got shanelink so chainlink is a decentralized oracle network that utilizes smart contracts to implement real-world solutions as much as i love the digital and decentralized aspect of cryptocurrency i believe having the tie into real-world applications will prove to be a great investment over time since the utility of this can be used by many different markets in real life by the way if you aren't familiar with smart contracts this is just a system to respond to a range of input so say x happens then it will do y but here are a few more examples out of thousands to give you a better idea of the power of smart contracts to begin futures which are a financial derivative that obligates traders to buy or sell an asset at a predetermined price in the future commonly used for leveraged exposure on long or short positions this can be utilized by chain-link oracles that ensure the platform offering leveraged trades has access to real-time price data another example for use case of chain link in the finance sector is mentioned with bonds this is pretty much just a financial agreement that enables short-term capital to be raised by issuing debt to be paid back at a later date traditional bonds that we all know about can be replicated and automated through smart contract oracles like chain link which can provide the data required for settlement such as interest rates debt scores and even the overall settled payment towards the end so futures and bonds go over the top of your head you can just think of employee salaries being used by smart contracts as well in this instance chain-link powered smart contracts can be programmed to distribute to workers in real time reducing these few things accounting overhead costs mistakes made in the system by human error and it can also provide immediate payment rather than waiting 24 to 78 hours that most employers do since smart contracts reside within blockchains many believe that this will be the most superior form of digital agreements compared to third-party entities we often have to use during the time of this recording chain link is trading just under 30 dollars and still up over 500 percent in the last one year ever since the crypto crash of may you can find yourself picking up chain link for over 50 off from the previous all-time high of just over 50 dollars i have strong confidence that long-term chain link will continue to be the standard and decentralized oracle network and an essential to every crypto portfolio's list now for crypto number four we got the one and only founded by charles hoskinson who previously worked on ethereum and this is going to be cardano so cardano is a decentralized public blockchain and cryptocurrency project and is fully open source cardano's currently developing a smart contract platform as well which seeks to deliver more advanced features than any protocol previously developed this is the first blockchain platform to evolve out of a scientific philosophy and a research first driven approach the development team consists of a large global collective of expert engineers and researchers now three major problems that other projects faced in the space that cardano aims to solve is scalability like we talked about with matic interoperability and sustainability in order to help scale the system they implemented a layer 2 solution known as the hydra protocol where the proof of state consensus is used the reason they named it the hydra protocol is because you can think of a hydra growing heads in order to process more simulations imagine a betting office where people can bet on the outcome of matches smart contracts will be able to lock the deposits of all participants and then fairly distribute winnings based on the results of the match in the smart contract we can have these rules set in place one the collection of deposits and tips of participants before a match number two stop accepting deposits after the match begins number three waiting for the match results that's important and then number four processing the match results and calculate the winnings and number five lastly distribute the winnings among the winners with cardano's scaling solution hydra this smart contract can now be used for more matches in a row and the history of the last match can be forgotten in order to continue help scaling the system so instead of having a smart contract deal that is in place just for one baltimore ravens game think of it for a whole season for that year and then think of it as you can apply that to multiple teams and then different sports and then different industries and you continue to scale without putting additional pressure on the network now there's a lot more to scaling protocols and solutions aside from that example but for the scope of this video that example should at least give you an idea on the innovation and extremely smart minds that are putting these things together especially with cardano in addition to that the main takeaway you should know with cardano is that they focus on improving different aspects of what ethereum struggles to accomplish now both platforms are still used for similar applications smart contracts building decentralized systems but cardano seems to always be a little step above in terms of innovative solutions such as their proof of stake consensus protocol known as oroboros now i will cover oroboros in another future video just know that they are doing a lot of great things in the market kind of like naming things in cool names cardano is the fourth largest cryptocurrency and they're currently trading at a dollar seventy three cents at the time of this recording and they're up over two thousand percent in a single year since the recent crypto crash they have traced back from the previous all-time high of 2.46 but with a strong community backing and announcement of the alonso test date releasing rolling out in august i am confident that cardano will be a very strong long-term hold now the fifth and final crypto on my list we got ave so ave is a native governance token based off the ethereum network as well and has been absolutely crushing it this past year as one of the top contenders in the d5 space named after ghost in finnish jave focuses on creating an open and transparent peer-to-peer lending and borrowing money market listen up here unlike most money lending platforms ave requires zero registration or know your consumer processes and all you have to do is connect your wallet to the platform to get started today in order to properly function avi uses smart contract protocols and liquidity pools where everyone puts their money into this one giant bucket to help give out money to people who request for the loans so if all the money is stored in the liquidity pool what's the risk brian and how is it managed well if you think about traditional loans where you pay interest to a bank or another company like get the cash you need at a flashing cash point y'all know that anyone know what that is ave collects the interest and pays it out directly to the person lending the money so if you deposit money into the platform what they're gonna do is give you a reward on an apy yield bonus and if you decide to borrow money from ave you're going to be paying the stated borrow interest rate that they pay out to other people lending you that money from that giant bucket known as a liquidity pool so the funds will be allocated to a public open source verified smart contract so you can rest assured this won't be just another rug pull with the transparent open source protocol that's shared to the public avi regularly performs security and risk audits to ensure that their platform is functioning properly and there's a ton of ways to make money using their platform today so aside from depositing and earning interest you can also execute flash loans stake migrate and invest in the actual crypto asset now the d5 space has experienced tremendous amount of growth and with ave currently ranked number one with close to 10 billion dollars locked i believe they will continue to make incredible developments in the crypto market for all users now currently obvi's up not one thousand percent not five thousand percent not ten thousand percent not even fifty thousand percent they're up a whopping 71 000 in the past one year trading at just 51 cents to 370 at the time of filming this video the good news is that just a few months back ave was at another all-time high of 632 and i believe that when bitcoin begins to rise again we will see other players like ave returning back to previous all-time highs like we saw just a few weeks back imagine them hitting a thousand dollars by the end of this bull run that would be crazy i know a lot of people have some good opportunity to still make money in this market today so that was my video on the top five cryptocurrencies to invest in right now let me know your thoughts down below and like always don't forget to hit that like button if you still have not yet done so already subscribe to this channel if you'd like to learn more and also comment down below which crypto you want me to take a look at next one last thing blockbuy is giving my viewers up to 250 back on your deposit if you use my link down below now although the market has been read i've kept some of my crypto on block by and i've earned additional free interest in just the past few months that make up for a little bit of the lost gains that i've had if you're going along with your crypto portfolio check them out so you can earn that free interest like i do on top of your initial investment if you also haven't picked up your two free stocks with weibull one valued up to eighteen hundred fifty dollars after depositing a hundred dollars into the app consider doing that as well link down below thanks again for watching everyone and hopefully i get to see y'all in the next video peace out take care much love and progogy like always