10 of the Best Cryptocurrencies to Buy Right Now
Are you searching for the best crypto to buy right now but unsure where to start? Don’t worry, you’re well covered. This list looks at ten of what are considered to be the best cryptocurrencies to buy right now, and why you should consider investing in them.
1. Metacade (MCADE): The Ultimate Community Hub for Play-to-Earn Gaming – Best Crypto to Buy
Metacade is a community hub that plans to play a critical role in Web3 gaming. It’s a place where you can go to network with like-minded gamers, explore the latest play-to-earn titles, and directly influence the future of GameFi in a fun, vibrant community setting.
On the platform, you’ll find reviews, leaderboards, dedicated forums for different play-to-earn games, chat rooms, and a virtual arcade where you can discover exclusive games to play with your friends. A big part of Metacade’s mission is to help everyone succeed in GameFi, no matter their play-to-earn experience, which is why they’re focusing on bringing some of the brightest minds onto the platform to share their knowledge with others.
To help carry out this plan, Metacade rewards users with the MCADE token each time they share some valuable GameFi alpha. You can also earn MCADE by sharing reviews of the latest titles and posting other content that the community finds useful, like writeups or video explainers.
This isn’t the only way to earn through Metacade, however. Besides frequent prize draws and tournaments, users can also top up their play-to-earn income by casually testing games using Metacade’s native testing environment. You might even be able to replace your regular income entirely with a role from Metacade’s job board which launches in 2024. Here, you’ll discover exciting opportunities to work with some of the biggest names in Web3, ranging from internships to full-time senior positions.
One of the most hotly-anticipated features of Metacade is the Metagrant. Instead of mammoth investors deciding which games are developed, Metagrants offer a way for the community to fund games in a decentralised manner. The idea is simple: developers add their ideas to a pool of competing projects and the one that receives the most votes is allocated funding from the Metacade treasury. Once complete, the finished title is added to Metacade’s virtual arcade for all of its users to enjoy.
Metacade is the number one choice as the best crypto to buy right now for multiple reasons. First is that the GameFi industry is set to explode over the next few years with Crypto.com forecasting it to grow from a $1.5 billion industry in 2021 to a $50 billion industry by 2025, providing Metacade with an excellent backdrop for growth.
The second is Metacade’s status as a community hub, which will likely attract a massive crowd of gamers looking for a place to call home in Web3. Third, is that the MCADE token is still in presale, meaning that its upside potential is enormous compared to its downside potential. Overall, Metacade is in an excellent position to quickly become a leader in play-to-earn gaming and offers an incredible investment opportunity to get in early on this growth.
>>> You can participate in the Metacade presale here <<<
2. Ethereum (ETH): The Most Valuable Utility Token
Ethereum is the world’s leading smart contract platform that is the backbone of many of the market’s dApps, NFT collections, and DeFi projects. For instance, Ethereum has $25 billion locked in its DeFi projects as of mid-November 2022, more than half of the $45 billion locked across all networks (DeFiLlama).
Ethereum’s success has spawned many competitors, including some on this list, that aimed to solve issues like energy consumption, slow speeds, and high gas fees that were endemic to the Ethereum network. However, the recent Ethereum upgrade promises to maintain the network’s leading status by mitigating a number of these, through a proof-of-stake (PoS) consensus mechanism and sharding.
Ethereum won’t be going anywhere anytime soon and its ecosystem is likely to continue expanding for years to come. It’s the second best cryptocurrency to buy right now.
3. Binance Coin (BNB): A Multi-Use Deflationary Token
Binance Coin is the native token of the Binance exchange. It originally served a simple purpose as a trading fee discount token, but now, it’s the fuel for BNB Chain, a rival to Ethereum’s network. There are over 4,300 dApps that currently use BNB chain (DappRadar) and each requires its users to pay gas fees in BNB.
BNB is a multi-purpose token. It still offers traders discounted fees but is now also used as part of Binance Pay, for purchasing hotels, experiences, and gift cards. One of the most attractive aspects of BNB is that it’s deflationary, meaning that, over time, each BNB token becomes rarer. Provided demand stays the same or keeps growing, BNB will continue to appreciate over time.
As the third most valuable token on the market (excluding stablecoins), Binance Coin is the third best cryptocurrency to buy right now.
4. Bitcoin (BTC): The King of Crypto
Bitcoin will always be known as the one that started it all. It holds the highest market cap by far of all cryptocurrencies with a $336 billion valuation at the time of writing. For reference, Ethereum only holds $145 billion in value, while Binance Coin has just $48 billion (CoinGecko).
It’s an obvious choice, but Bitcoin is rightly favoured by many retail and institutional investors alike. It might not have as much utility as Ethereum or Binance Coin but Bitcoin’s status as “digital gold” is unparalleled. Bitcoin is one of the only cryptocurrencies that is truly decentralised, with a pseudonymous founder and no single entity controlling the supply of Bitcoin.
Bitcoin is very likely to maintain its status as the world’s most popular cryptocurrency, and that’s why it’s the fourth best cryptocurrency to buy right now.
5. Polygon (MATIC): An Incredibly Popular Layer 2 Project
Polygon is a layer 2 solution built on top of the Ethereum network. It was launched to reduce congestion on its parent network, using sidechains to vastly improve transaction speeds and fees. This proved to be incredibly successful during 2021’s bull market when Ethereum fees became almost unbearable as the chain became increasingly congested.
With the recent Ethereum upgrade, some have asked questions about Polygon’s relevance if the issues it was created to solve are no longer an issue. Polygon is not a competitor to Ethereum; instead, it extends and supports the network. Polygon will grow as Ethereum grows and is likely to remain the most popular layer 2 solution. As such, it’s the fifth best cryptocurrency to buy right now.
6. NEAR Protocol (NEAR): Fast and Simple Blockchain Technology
NEAR Protocol is an Ethereum competitor that emphasises user and developer accessibility while offering lightning-fast speeds through sharding, something Ethereum is yet to implement. By using what it calls “Nightshade,” a type of sharding technology, NEAR achieves transaction speeds of around 100,000 transactions per second (TPS) at a cost 10,000x lower than that of Ethereum, according to Decrypt.
7. TRON (TRX): Empowering Content Creators
TRON is a decentralised network that was initially launched to allow content creators to earn from their work without a middleman taking a hefty cut. But since its launch in 2017, TRON has grown into an entire ecosystem of dApps, DeFi projects, and cryptocurrencies. At its core, TRON aims to create a decentralised web where users are directly rewarded for the value they generate while giving them complete ownership rights over their data.
As of November 2022, there are over 1400 dApps built on the TRON network (DappRadar). It’s also surprising to see that TRON holds the third-highest total value locked across its DeFi projects (DeFiLlama), given the network was originally aimed at the entertainment sector. It goes to demonstrate how valuable users find TRON’s infrastructure, and that makes it the seventh best crypto to buy right now.
8. Avalanche (AVAX): A Popular Ethereum Alternative
Avalanche is a smart contract platform that rivals Ethereum. Avalanche does have its own merit when compared to Ethereum, notably in its transaction speeds. Avalanche can support 4,500+ TPS and claims it can handle “infinity” TPS when using subnets (Avalanche). Subnets are specialised blockchains that operate based on their own rules and can be compared to Polkadot’s parachains or a sharding mechanism.
Avalanche also has a unique token-burning mechanism that makes AVAX rarer as time passes. When transactions are made, users pay gas fees in AVAX. But instead of being partly burned and partly rewarded to miners, the AVAX is burnt entirely. According to Burned AVAX, over 2 million AVAX have already been burnt out of the 300 million circulating tokens. AVAX has remained one of the top smart contract platforms since its launch in 2020 and is the eighth best cryptocurrency to buy right now.
9. Filecoin (FIL): Disrupting the Cloud Storage Industry
Filecoin is a decentralised data storage network that aims to upend the centralised cloud storage market. Filecoin allows anyone to rent out their free storage space (providing they meet the minimum storage requirements) to users and companies looking for a low-cost, secure storage solution. To store on the network, users pay FIL to providers and retrievers, who compete to offer the lowest price.
The Filecoin network poses an attractive offering to those looking to store data. Not only is it low-cost and secure but it’s also censorship-resistant and provides an incentive for storage providers to act honestly. In fact, Filecoin claims its costs are just 0.5% of centralised cloud storage providers. If Filecoin can continue to attract users to its network, then it could reach a tipping point where it attains mass adoption. Therefore, it’s the ninth-best crypto to buy right now.
10. VeChain (VET): An Enterprise-Grade Blockchain
VeChain is a supply chain management solution built for commercial businesses. Supply chain data is typically compartmentalised, meaning that stakeholders across the supply chain don’t receive the same information. VeChain offers a way for all data about a product, from manufacturing to delivery, to be stored on an immutable blockchain.
In practice, VeChain can be used to provide information about storage temperatures, authenticity, and quality. For example, Walmart China allows consumers to track their produce from source to store using VeChain, providing insights about where exactly their products came from.
LVMH, the world’s largest luxury fashion brand, uses VeChain to offer verifiable authenticity checks for its products. VeChain is one of the best applications of commercial blockchain technology on the market, making it the tenth-best crypto to buy.
Metacade (MCADE) is the Best Crypto to Buy Right Now
There are some fantastic projects on this list that are likely to one day be seen as crypto pioneers. Bitcoin, Ethereum, and Binance coin are three cryptocurrencies with extensive track records, while NEAR Protocol, Filecoin, and VeChain offer a unique take on what blockchain technology can do. But in terms of investment opportunity, Metacade is the best on this list.
As mentioned, Metacade has three critical factors that make it an incredibly attractive token to buy: the rapidly-growing industry it’s in, its valuable features that many play-to-earn gamers will be drawn to, and its current price. Right now, the MCADE token is still in presale, meaning that you have the best chance of making gains if you buy before the presale ends.
And the earlier you jump in, the better. That’s because you can potentially more than double your long-term earnings if you’re one of the earliest investors. For example, in presale phase 1, you could get 125 MCADE for $1. In phase 8, you’ll get just 50 MCADE for the same $1. If you want to get in on one of the most promising projects in the GameFi space, be sure to check out the Metacade presale before it’s too late.
You can participate in the Metacade presale here.