We've all heard that diversification is key to investing.
The collapse of the Terra Luna network made two cryptocurrencies in the top 20 tokens by market cap – LUNA and UST – almost worthless in the space of a week. While other cryptocurrencies are more robust, there's still risk in putting all your hard-earned funds into one investment.
But still, we must choose which cryptos are the best buy for long-term ROI.
With wise choices, the average investor is far more likely to enjoy a strong return on investments made today. With crypto prices at a macro low in June 2022, many are asking what the best crypto to buy is.
Below we will round up what top analysts say is the best crypto to buy in June 2022.
Here's the summary list of the five best crypto investments in June 2022:
1. Bitcoin – Number one crypto in the market to stay dominant
2. BNB – Improving the most popular network in crypto
3. Cardano – Most secure blockchain network
4. EverGrow Coin – Best crypto for passive income
5. Ethereum – The most used crypto network is about to get cheaper
Bitcoin was the first major digital alternative to fiat currency.
Though it dominated nearly the entire crypto market in the years after Bitcoin investing became a thing, today Bitcoin has a 42.5% market share in the crypto industry. One of the biggest developments in the past 12 months is the adoption of Bitcoin by large hedge funds and major investors.
With every passing month, businesses in fashion, real estate, motor cars, travel, eCommerce and even world governments (think El Salvador and the Central African Republic) are turning towards Bitcoin. The use cases of a digital store of value that's instantly transferable, low-cost, and untamperable have consistently survived criticism and talk of regulation.
Bitcoin started the crypto revolution – it will lead future bull markets and so is one of the best cryptos to buy for long-term ROI in June 2022.
BNB is the native token of the world's largest crypto exchange by daily trading volume – Binance.
The BNB Chain is the biggest challenger to the Ethereum smart contract network. Though Binance only launched in late 2017, it has quickly become the fifth biggest cryptocurrency by market cap and certainly the most successful altcoin in the past five years.
Holding BNB helps traders lower transaction fees on the Binance trading platform. But the Binance team is constantly working on building more and more use cases for BNB. These range from use cases in the dApps, decentralised exchanges, and Defi protocols built on the BNB Chain to the possibility to book trips abroad and even taxis using BNB.
Binance.US just announced zero fees for four of the most popular BTC spot trading pairs on the Binance app. While Coinbase, Bybit, and Crypto.Com announced layoffs in June following the crypto crash, Binance announced it was hiring.
These reasons make BNB one of the best crypto buys in June 2022 for long-term ROI.
Cardano brought academia to the crypto industry. That is, all its updates and core utilities were built following a rigorous peer-review process.
While 2022 has seen the outage of Cardano's rival smart contract platform Solana, such occurrences do not happen on the Cardano network. The strength of Cardano is that it is one of the most future-proofed blockchain ecosystems and this is why it is being used in a range of industries – from tracking agricultural supply chains to validating academic certification to boosting transparency and traceability in environmental fundraising campaigns.
Cardano will undergo another upgrade – the Vasil hardfork – in July which will lower fees and help bring more dApps, DeFi protocols and Web3 technologies to its trusted network.
These reasons are why Cardano is one of the best crypto to buy in June 2022.
EverGrow Coin is the number one reflection token on the BNB Chain, with more than $37 million paid to investors since launching in September 2021.
Unlike the first generation of reflection tokens, EverGrow Coin pays reflections in the BUSD stablecoin. From a 14% transaction tax this means 8% redistributed as BUSD reflections, 3% for liquidity on PancakeSwap, 2% for buyback and burn and 1% for marketing.
The strength of EverGrow Coin for long-term ROI from crypto is that the transaction tax is infinitely scalable. Passive income generation is not at risk during either bear or bull markets.
For example, using one of the EverGrow Coin calculators, a $1,000 dollar investment in EverGrow Coin today (EGC 7 billion) would net you $51 in BUSD in a year at today's trading volume ($112,000).
But if daily trading volume remained at $3 million – as in April this year – you could earn $1,375 in BUSD in a year on your $1,000 EGC investment.
The project will launch an NFT marketplace, content subscription platform and metaverse integration in the next few weeks to maintain high trading volume once the bull market returns.
This is why EverGrow Coin is one of the best cryptos to buy in June 2022 despite its recent launch.
So much of crypto might not have happened had it not been for Ethereum.
The Ethereum mainnet today powers the biggest NFT marketplace by trading volume – OpenSea – as well as the biggest decentralised exchange – Uniswap – and the biggest monetised metaverse – Decentraland.
Not only this, but many top 20 cryptocurrencies like Shiba Inu, Polygon and Dogecoin are built on the Ethereum network.
Ethereum is the largest smart contract platform in crypto and the second-largest crypto by market cap. It has struggled with high fees and slow processing speeds in recent months – but this could all change with The Merge event expected to take place this summer 2022. The Merge will see Ethereum transition to a Proof-of-Stake blockchain and enjoy minimal fees and ramped up scalability.
This is why Ethereum is one of the best crypto to buy for long-term ROI in June 2022.
