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Are you stuck for crypto projects to invest in this month?
On the crypto market, there are always numerous options available. However, determining which projects are worth your money is difficult, especially as many altcoins are indistinguishable from the rest, or have such aspirational plans that it'll take decades to achieve them.
To make matters worse, the crypto market is always changing. Traders' preferences shift, infrastructure shifts, and crypto can become extremely popular one day and then vanish the next.
To ease the process, the projects listed below are our top picks to buy this month because of their specific features and potential. You may notice that one of these projects isn't a cryptocurrency – the BoostX Launchpad, responsible for launching several popular altcoins.
We'll look into how investing in the launchpad itself can be profitable.
Let's take a closer look at each of these projects individually so you can see why they're prized assets.
Solana (SOL) is currently trading at $114 per unit, down from a recent high of $322. To triple your earnings, the cryptocurrency only needs to reach $350, which at the moment appears to be a very attainable figure. In comparison to BTC, it would only require a fraction of the market cap movement.
Despite the fact that it is currently a good buy due to its large discount, it is expected to become even more heavily discounted as the current slump continues for two reasons. The first factor is the general market in the United States, which affects Bitcoin (BTC), and which is expected to suffer as a result of the Fed's expected announcement of higher interest rates.
The second characteristic is exclusive to Solana (SOL). As an NFT favourite, Solana (SOL) sees a lot of traffic-related to these tokens. A seven-hour outage in the Solana network was caused by NFT-mining bots, which is not uncommon.
Investors begin to doubt the network's and associated crypto's reliability when something like this occurs. Many people start selling their stocks in good faith. This could lead to an even greater discount, boosting the recovery-based return potential.
Cardano (ADA) has been around since 2017, which is plenty of time for a cryptocurrency to mature, and there are several reasons why it stands out and could be a better option than Bitcoin (BTC).
The main reason for this is that it ensures long-term viability. The amount of energy required to maintain the blockchain and validate transactions is a significant weakness in Bitcoin's (BTC) armour.
The Cardano (ADA) process is extremely green and almost instantaneous. The price is low, and the decentralisation potential is greater than that of most other cryptos and blockchains.
In terms of growth potential, the cryptocurrency is currently trading at 71% lower than its recent high, and simply re-achieving its all-time high could result in a 300% increase.
The market is currently going through a rough period, with Bitcoin (BTC) sinking to approximately $23,000, which is its lowest point in almost a year.
For this reason, it may feel daunting for investors to put their money in cryptocurrencies right now – and that's what makes BoostX such an appealing investment, as it's a secure platform of crypto startups that are predominantly in presale, allowing investors to buy the token at its lowest possible price, which minimises the risk of loss significantly.
BoostX is a creator launchpad that allows users to participate in DeFi projects that use multichain technology. Other launchpads are blockchain-specific, so this is a key selling point for BoostX.
BoostX is a great way to explore start-up projects to invest in because it provides the most to its users in terms of expert information and a diverse range of features. Curated tokens, one-of-a-kind presales, dynamic dashboards, and high-quality projects are just a few of the features.
BoostX not only offers a variety of features to its users, but it also offers a safer way for them to invest their money.
Solana (SOL) and Cardano (ADA) are two of the most popular, high-ranking, and reputable cryptos of the market, which some investors feel make them trustworthy investments with the potential for steady gains.
On the other hand, many investors are opting for presales, where they can buy tokens at a bargain price and make a killing on launch if the startup goes successfully.
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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.
