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Digital assets are becoming increasingly popular in today's world. Each day is marked by the birth of a new cryptocurrency firm and the deployment of a unique token. Today, there are more than 20,000 digital currencies in the world. Such a wide array of options makes it tiresome for investors to decide which asset they should opt for.
If you are a newbie in the crypto sphere looking for the best cryptocurrency to buy, this article is for you. We have listed down the top 7 assets that experts throughout the globe endorse.
Before we dive into the minutest details of these promising digital assets, let us quickly go through them.
Following is the list of the best cryptocurrencies to invest in:
DigiToads (TOADS): An excellent meme cryptocurrency firm with a toad as its mascot and aspires to improvise user engagement.
Bitcoin (BTC): How can anybody forget the 'mother of all cryptocurrencies'? Launched in 2009 by Satoshi Nakamoto, it is the first-ever and one of the most sought-after cryptocurrencies.
Ethereum (ETH): This ideal crypto firm allows developers to lay the foundations of and deploy their cryptocurrencies. Although the popularity of Ethereum is growing exponentially, the price of the Ether token is still nowhere near Bitcoin.
Cardano (ADA): Founded in 2015 and launched in 2017, Cardano was formed as an alternative to Bitcoin. The firm utilizes a Proof of Work (PoW) consensus mechanism and is highly energy efficient since it does not indulge in crypto mining like its adversary, Bitcoin.
Polygon (MATIC): Previously known as Matic, the firm offers scaling solutions for Ethereum. Simply put, it helps increase the number of transactions per second by improving verification speed.
Terra 2.0 (LUNA): The firm uses stablecoins to assist payment systems that operate throughout the globe. Stablecoins the firm uses are closely linked to fiat currencies like the U.S. dollar, South Korean Won, and others.
Chainlink (LINK): This pre-eminent firm uses a decentralized oracle network to permit inter-communication between heterogeneous blockchains and other external platforms.
When investment options are in question, it isn't wrong to say that every capitalist searches high and low for the best coin to invest in. What are the qualities of a promising cryptocurrency?
The answer is straightforward!
In the crypto space, an asset that offers a high Return on Investment (ROI) or holds the potential to explode is considered an ideal investment option.
Let us now take a closer look at all the currencies mentioned above.
DigiToads is the best cryptocurrency to buy if you want unparalleled growth this year. With the Toad as its mascot, the firm is striving towards using its token on leading Web 3.0 platforms. DigiToads aspires to create countless opportunities for its users, together with its selfless aim of reviving toad habitats throughout the globe.
Each day, almost 100,000 acres of the Amazon Rainforest are lost. These rainforests are home to a significant chunk of the toad population. The firm sticks to its promise of reviving the toad habitat by donating 2.5% of its net profit for the re-plantation of the Amazon forests.
Mascot Meme Contest:
Every other firm decides its mascot before it enters the crypto sphere. DigiToads leaves its community in charge of determining the mascot for the firm.
A competition will be held to decide the mascot for the firm. Users will be allowed to make TOAD memes like the Toad NFT. The top 3 winners of the competition will be bestowed with enticing rewards.
School of Toads:
Humans should learn the art of survival from toads. These animals have unnerving skills and traits that we humans can make much use of. An excellent trading course keeping in view the exceptional qualities of these amphibians has been designed. DigiToads will offer this complete course in its 'TOAD School' to holders of 3 or more TOAD NFTs.
The Trading Post (DEX):
Initially, DigiToads plans to deposit liquidity on major exchanges to allow the seamless purchase of TOADS. However, once enough ToadVestors (Investors of DigiToads) are reached, the firm will deploy its exchange.
Individuals holding TOADS in their wallets will be offered greater leverage than non-holders. This benefit will also be extended to members who have completed their trading course and are certified Pro-Trader Toad School Graduates.
Deflationary Token:
A TOAD is a deflationary token. This means that its price will always see an upward trend. This remarkable trait arises because 2% of the buy and sell tax is used to buy back and burn the token. The diminished supply and increased demand will thus ensure a constant increase in the token price.
NFT Staking Pool:
DigiToads believes in rewarding its users. To achieve this end, the firm deposits 2% of the tax collected in the staking pool. Rewards from the pool are disbursed among users who lock and hold their TOAD tokens. The more TOADS staked, the greater the reward.
The Toad-Cade:
Another firm innovation is the DigiToad game ecosystem, where users can battle, breed, and train their DigiToads. Each player will start with a basic DigiToad, which they can improvise by feeding, training, and gearing them with the very best equipment.
The utilization of TOADS can purchase all the necessities for the upbringing of DigiToads. What's more, is that a player can also breed their DigiToads to create better-adapted offspring.
Contestants who win the battles will receive TOAD as a reward. Additionally, the top 25% of the players in every season will receive half of the funds collected by selling items as gifts. Not just this, but 10% of the amassed funds will be distributed amongst holders of TOADS.
>> Buy DigiToads Now <<
The first few years after the advent of Bitcoin passed by quickly, and no keen interest was shown by investors. However, in July 2010, the first-ever digital currency saw a 10-fold increase in its price. This growth continued steadily till $10, after which various sporadic outbursts took the price of Bitcoin to $250 by the end of April 2013.
Bitcoin has the highest market capital and price among all digital assets. This is one big reason it is the leading choice of investors and crypto enthusiasts. Apart from its attractive price and market capital, there are numerous other reasons why it has been such hype amongst people. Crypto is being actively accepted by many large corporations:
Visa
Wikipedia
Microsoft
Burger King
KFC
Subway
Twitch
Stripe
Tesla
Ethereum is the most reputed blockchain and has the second highest market capital after Bitcoin. Although the firm stepped into the crypto space late, this did not stop it from attaining new heights.
2023 is a good year for this unique cryptocurrency firm. It has jumped to the position of the 3rd best crypto to buy after its September 2022 update, aka 'The Merger'. The update has introduced the proof-of-stake-based consensus mechanism into Ethereum's structure, thereby leaving Ethereum mining in the past. 'The Merger' has also drastically diminished Ethereum's energy usage, thus making it one of the most environmentally friendly crypto firms ever.
What's the one quality that makes Cardano better than Ethereum? The answer is 'Scalability'. While Ethereum may dominate the crypto market due to its excellent tech, it struggles with transaction volume.
On the other hand, Cardano puts an end to these hindrances through its two-layer design, which provides better flexibility and scalability. The firm verifies greater than 250 transactions per second (TPS), which is relatively high compared to 45 TPS for Ethereum and 4.6 for Bitcoin.
Created to provide a scaling solution for Ethereum, Polygon has become popular among venture capitalists due to its high market capitalization of $9 billion.
The firm is also very admired by developers. This claim is supported by the fact that Polygon is home to more than 53000 decentralized applications. Meta and Stripe are among the countless platforms hosted by Polygon.
Many of you might wonder why Terra is still one of the top cryptos to buy even after its May 2022 price crash. This is primarily due to the firm refusing to leave investors alone in their distressed times. Terra intends to salvage as many investments as possible from what's left of the firm and hand them back to its rightful owners.
After the May 2022 crash, the original platform was renamed Terra Classic, and a newer version was launched under Terra 2.0. The more recent version of Terra aims to bring the ecosystem to a standstill and recover lost investments.
Chainlink serves as a conduction channel between blockchain and external data feeds. This state-of-the-art crypto company partners with Google, the largest search engine in the world. Chainlink protocol is used to help connect individuals with google cloud services. The partnership with Google makes Chainlink one of the best cryptocurrencies to buy today.
Bitcoin and Ethereum have long since remained the leading choice of investors. Both these assets are safe to invest in. However, these assets are saturated with investments, and there is little chance of securing great returns. Investors can thus opt for DigiToads, a reasonably-priced asset with predictions of exploding in 2023.
For More Information on DigiToads visit the website, join the presale or join the community for regular updates.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
