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How to Invest in Cryptocurrency – A Beginner’s Guide

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The cryptocurrency markets are ideal for investors and traders that wish to take advantage of ever-changing token prices and high levels of volatility. In this guide, you will learn how to invest in cryptocurrency and make a profit as a complete beginner.

In addition to the basics, we will also walk you through the process of placing your first-ever cryptocurrency trading position with a regulated broker.

How to Invest in Cryptocurrency – 5 Simple Steps

For a quick overview of how to invest in cryptocurrency today online, check out the easy steps outlined below:

  • Step 1 – Choose a Crypto Trading Platform: You won’t be able to buy and invest in cryptocurrency unless you have an account with a trusted broker or exchange. eToro is the overall best platform to invest in cryptocurrency – not least because it offers dozens of digital assets in a regulated, low-cost, and user-friendly environment. You can open an account with eToro by entering some basic personal information.
  • Step 2 – Deposit Funds: You will also need to make a deposit before you can invest in cryptocurrency. At eToro, you can deposit funds easily via a debit/credit card or an e-wallet payment. ACH and bank wires are supported too. If you are depositing funds in US dollars then no fees apply and the minimum requirement is just $10.
  • Step 3 – Research the Market: Cryptocurrency trading requires you to research the market in order to find profitable investment opportunities. A good starting point is to look for digital assets that might be undervalued or about to break out.
  • Step 4 – Choose Which Crypto to Invest in: Once you have researched the market, you can use the eToro search bar to find the cryptocurrency that you wish to buy. When you find the correct market, click on the ‘Buy’ button.
  • Step 5 – Invest in Crypto: The final step is to place a trading order. All you need to do here is enter your stake (from $10) and click on the ‘Open Trade’ button. The cryptocurrency markets are operational 24/7 at eToro, so your position will be executed instantly.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

As you can see from the above, learning how to invest in cryptocurrency isn’t hard.

However, in order to be a successful cryptocurrency investor that makes consistent profits, you need to have a firm grasp of how the crypto market works.

Where to Invest in Cryptocurrency

As a beginner, it is crucial to understand the importance of choosing the right crypto exchange or broker to invest in crypto assets.

After all, the platform will give you direct access to the cryptocurrency trading markets, so you’ll want to consider factors surrounding fees, supported pairs, tools, account minimums, and of course – safety. For those wondering how to invest small sums, the crypto market has been a popular choice amongst avid digital asset investors in the last few years.

If you’re still wondering where to buy and invest in cryptocurrency online – consider the top platforms that we have reviewed below.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

eToro – Overall Best Place to Invest in Cryptocurrency

We found that eToro ticks all of the right boxes and thus – this provider is the overall best place to invest in cryptocurrency online. eToro is a regulated broker that is approved to operate in the US, UK, Europe, and Australia. It holds licenses with various tier-one bodies – which is inclusive of the FCA, ASIC, and CySEC.

As such, you can be sure that you are trading cryptocurrency in a fair and legitimate environment. This top-rated broker requires just $10 to get started with an account – and the registration process takes less than five minutes. We also like that you have various payment options to choose from at eToro. Ever wondered how to invest in cryptocurrencies? Read our guide on the best scalping brokers to find which trading platforms offer the tightest spreads and fastest execution times.

This includes Visa and MasterCard payments, e-wallets like PayPal and Neteller, and ACH. All deposits and withdrawals that are made in US dollars are free of charge. In terms of supported markets, eToro is home to dozens of leading cryptocurrency assets including the best utility tokens. For instance, you can invest in Bitcoin, Ethereum, Dogecoin, Shiba Inu, Litecoin, BNB, ApeCoin and many more.

When it comes to fees, eToro offers a very simple and competitive pricing structure. In a nutshell, you will pay just 1% above the current bid/ask price for the cryptocurrency pair that you are looking to buy. We should also note that eToro offers copy trading tools. For those unaware, this enables you to copy the buy and sell positions of a successful cryptocurrency investor.

In other words, you can actively buy and sell the digital currency markets without needing to do any research or place any orders. Another option you have – should you wish to invest in cryptocurrency passively, is to invest in an eToro smart portfolio. These give you access to a diversified basket of assets through automated trading and there are several smart portfolios that focus exclusively on cryptocurrency.

For this reason, eToro is one of the best social trading cryptocurrency platforms on the market.

Another superb feature that we came across when reviewing the eToro platform is that it offers free demo trading accounts to all of its customers. This means that after you sign up, you can invest in the cryptocurrency markets risk-free – as eToro will preload your demo account with $100,000 in paper money. This is a great tool for beginners to learn how to buy and invest in cryptocurrency.

You might also like the eToro crypto app for iOS and Android. This allows you to invest in cryptocurrency on the move, check the value of your portfolio, deposit/withdraw funds, set up pricing alerts, and much more. Finally, eToro also enables you to invest in thousands of commission-free stocks and ETFs – should you wish to diversify your cryptocurrency trading portfolio.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Crypto.com – Invest in Over 250 Cryptocurrency Markets With Low Fees

The next platform to consider when learning how to invest in cryptocurrency is Crypto.com. Launched in 2016, Crypto.com is one of the most popular exchanges in this space – not least because it offers a regulated and low-cost environment for investors of all skill sets. In total, Crypto.com is home to over 250 digital currencies.

This includes everything from meme coins, DeFi tokens, stablecoins, and large-caps like Bitcoin and Ethereum. Having access to such a large library of markets is highly conducive for trading crypto – as you will never be short of investment opportunities.

Crypto.com also stands out for its low-fee policy. The most you will pay to invest in cryptocurrency here is 0.40% per slide. You can reduce your commission by staking CRO tokens, which is the digital currency backed by the Crypto.com platform. Further discounts are on offer when you trade larger amounts throughout the month.

Crypto.com also offers the best app to buy and invest in cryptocurrency for both iOS and Android. This allows you to invest in cryptocurrency with US dollars. You can deposit funds instantly with both a debit/credit card and ACH, albeit, the latter is perhaps the best option as no fees are charged. Otherwise, you will pay a transaction fee of 2.99% should you wish to use Visa or MasterCard.

If you are thinking about taking a longer-term approach to cryptocurrency trading, Crypto.com offers savings accounts that pay you interest for as long as your tokens are deposited. You can earn up to 14.5% interest per year and various terms are on offer – including flexible, 1-month, and 3-month accounts.

If you want to amplify the value of your cryptocurrency purchasing power, you can also access loans here. You will be able to get an LTV of up to 50% at competitive rates and flexible terms. Finally, Crypto.com is also worth considering if you are looking to gain exposure to NFTs. This is because the Crypto.com NFT marketplace offers thousands of unique tokens without any buyer fees.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Binance – Low Fee Platform to Invest in Cryptocurrency Pairs 

The final exchange to consider when deciding on where to invest in cryptocurrency is Binance. This platform is ideal for those of you that are searching for an exchange that offers huge liquidity levels and plenty of trading markets. In fact, Binance attracts tens of billions of dollars in volume each and every day.

Debit and credit card payments are accepted too, albeit, US clients will pay 4.5% in fees plus an instant buy commission of 0.5%. When it comes to standard trading commissions – this is where Binance really stands at. This is because you will never pay more than 0.10% per slide. By holding BNB – the native token of Binance, or trading large volumes, lower commissions are offered.

Binance is also popular for its fully-optimized mobile app for iOS and Android. As the app connects to your main account, you can buy and sell digital currency pairs on the move. In terms of storage, your Binance doubles up as a crypto wallet. You can also download the Trust Wallet – which is backed by Binance, should you require a non-custodial storage option.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Cryptocurrency Investing Explained – Overview

The main premise of cryptocurrency investing is much the same as any other investment sector. For instance, just like stock investing, you will be buying and selling cryptocurrencies with the view of making a profit. You will be able to achieve this goal when you correctly predict the future direction of the market.

For example, if you stake $1,000 on Bitcoin at $40,000 per token and the digital currency increases to $44,000 – this would represent gains of 10% – or $100. And, just like stocks, cryptocurrency prices are determined by demand and supply. As such, the value of a cryptocurrency token will change on a second-by-second basis.

As we have explained earlier, you will need an account with a cryptocurrency broker in order to access this marketplace. You also need to remember that cryptocurrencies are both speculative and volatile, so wild pricing swings should be expected. This makes the process of learning how to invest in cryptocurrency even more important.

One of the best ways to approach the market is to understand risk-management tools. For example, by deploying stop-loss orders on every cryptocurrency investment that you place, you will never lose more than you are comfortable with. Bankroll management is also important. This will dictate how much of your account balance you can risk on per investment, in percentage terms.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

How Does Crypto Investing Work?

In the sections below, we explain the fundamentals of how crypto investing works. Be sure to read through each section to ensure that you are able to enter this market with your eyes wide open.

Crypto Pairs

The first thing to note is that when you invest in cryptocurrency, you will be speculating on ‘pairs’. Each pair will contain two assets – which can be fiat or cryptocurrency, or a combination of both.

For example, when you use a regulated broker like eToro, you can buy dozens of cryptocurrencies against the US dollar. This makes it easier to assess the current and future value of your chosen digital currency.

However, when you use a cryptocurrency exchange that does not have the legal remit to deal with US dollars, you will likely be investing in your chosen digital asset against a stablecoin like Tether.

Tip: If this is your first time learning how to invest in cryptocurrency – then it’s best to start off with BTC/USD. This pair – which will see you invest in the future value of Bitcoin against the US dollar, offers the most liquidity, least volatility, and tightest spreads.

Crypto Orders

Once you have decided which cryptocurrency pair to buy, you then need to set up an order. As a beginner, you might want to start off with a market order – which allows you to place a buy instantly at the next best available price.

When you feel more comfortable with how the markets work, you might then enter a cryptocurrency investment with a limit order. This enables you to specify the exact price that your order is executed.

Moreover, you will need to specify your stake when placing a cryptocurrency investing order. This simply refers to the amount of money – in dollar terms, that you wish to risk on the position.

Crypto Investing vs Trading?

When you invest in cryptocurrency, you are typically doing so as part of a long-term strategy. This means that you can buy a cryptocurrency and leave the tokens in your wallet for several months or years.

As such, there is no requirement to actively analyze cryptocurrency prices and market trends. Cryptocurrency trading takes a different approach to investment, insofar that you will be looking to enter and exit positions on a shorter-term basis.

  • For instance, you might decide to buy Ethereum on Monday morning because its price has dipped to $2,700 and then cash out on Wednesday afternoon when the token increases to $3,000.
  • In another example, a cryptocurrency investor might even open a position and close it a few hours later.
  • For example, at 9 am, you might buy BNB at $420.
  • And then at 11.30 am, when BNB hits $441, you might cash out at gains of 5%.

Ultimately, while cryptocurrency investing is suitable for passive strategies, trading requires you to actively monitor and analyze the markets to stay ahead of the game at all times.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Why Invest in Cryptocurrency?

There are many assets that you can invest in as part of a short-term strategy. This includes stocks, forex, and even commodities like oil and gold.

With this in mind, in the sections below, we explain why you might decide to invest in cryptocurrencies as opposed to conventional financial instruments.

Market Diversity

In a similar nature to stocks, there are thousands of cryptocurrencies that you can buy and sell in the open marketplace. This means that you will never be short of investing opportunities.

Moreover, there are cryptocurrencies to suit all financial objectives and appetite for risk. For example, if you are learning how to invest in cryptocurrency as a complete beginner – then you might decide to stick with large-cap projects. This would include the likes of Bitcoin, Ethereum, and BNB – all of which carry huge market capitalization.

On the other hand, if you seek higher levels of volatility, then you might look to invest in smaller-cap cryptocurrencies like Compound, Chiliz, Enjin, and Dash. These projects each carry a market capitalization of under $2 billion.

If you really have an appetite for high risk, you might even consider investing in micro-cryptocurrencies that have a market capitalization of under $100 million.

Volatility

Another reason why short-term investors are now turning to cryptocurrency is that this marketplace is extremely volatile – especially in relation to traditional stocks.

For example, it is not unusual for smaller-cap cryptocurrencies to increase in value by several hundred percent in just a single day of investing. At the other end of the scale, the value of a cryptocurrency can decline by over 90% in the same timeframe.

Such huge pricing swings won’t be suitable if you are just learning how to invest in cryptocurrency. Instead, it’s best to stick with the likes of Bitcoin and Ethereum, which will rarely move in value by over 10% in a 24-hour period.

Huge Growth Potential

Even short-term investors can target significant gains in a short period of time.

  • For example, let’s suppose that you staked $2,000 on STEPN.
  • When you opened the trade on April 12th, 2022 – STEPN was priced at $2.20 per token.
  • On April 19th, 2022, STEPN was priced at $3.34.
  • As such, in just seven days of investing, the value of your position increased by over 50%.
  • This means that on an original stake of $2,000 – you made a profit of $1,000.

This example is just one of many. The key point is that the cryptocurrency markets provide plenty of high-growth investing opportunities each and every day.

How to Make Money from Crypto Investing?

There are a wide variety of ways to make money from the cryptocurrency investing markets – which we discuss in more detail in the sections below.

Cryptocurrency Investing Capital Gains

The main way that seasoned cryptocurrency investors make money is via capital gains. This refers to the amount of profit that an investor makes from a specific position.

You can work this out by subtracting the price that you paid for the cryptocurrency from the value at which you cashed the position out.

For example:

  • Let’s say that you stake $1,000 on /USD
  • When you place the order, ETH/USD is priced at $2,950
  • A couple of days later, ETH/USD has increased to $3,150
  • This translates into gains of 6.77%
  • On a stake of $1,000, the capital gains on this position amount to $67.7

Liquidity Provision

Another way that you can make money investing in cryptocurrency is to provide exchanges with some much-needed liquidity. This is more of a passive investing strategy, insofar that you won’t actually be buying and selling digital currencies yourself.

Instead, by depositing surplus tokens into an exchange, you will be paid interest. One of the best ways of achieving this is via crypto yield farming, which, in return for depositing cryptocurrency into a liquidity pool, will allow you to earn interest.

Other Ways to Make Money

In addition to the above, you can also make money from cryptocurrency investing via:

  • Long-term crypto investments
  • Crypto staking
  • Crypto interest accounts

Crypto Price Movements

Cryptocurrencies are valued based on demand and supply. However, unlike the traditional stock markets, there is no single centralized exchange like the NYSE or NASDAQ. Instead, cryptocurrencies are traded across a wide variety of exchanges.

And as such, there will always be a slight variation in prices between each provider. With that said, the forces of market arbitrators ensure that these pricing differences are minute.

For example, as of writing, BTC/USD is priced at $40,719 on Coinbase. On FTX, the same pair is priced at $40,721. As such, this amounts to a difference of just 0.0049%.

The best way to assess crypto price movements is at CoinMarketCap – which is the gold standard for real-time valuations across more than 300 exchanges.

Best Cryptocurrency Investing Strategies

It is important to come up with a strategy when learning how to invest in cryptocurrency. Otherwise, you may as well throw a dice when attempting to determine which way the markets are likely to move.

The best crypto investing strategies for beginners are discussed below.

Bankroll Management

Before you even place your first cryptocurrency investment position, it is crucial to understand bankroll management. In a nutshell, this refers to the maximum amount of money that you can risk on a single investment.

The amount is determined in percentage terms, against your current account balance.

For example:

  • Let’s suppose that you have $2,000 in your crypto exchange account.
  • You decide that you want to stick with a 2% bankroll strategy, which means that you can’t risk more than $40 per order.
  • With that said, as your account balance increases, so will the maximum size of your stake.
  • For instance, let’s say that you have built your balance up to $3,000.
  • In this scenario, you can now risk up to $60 per trade.

Crucially, if you go through an extended losing run, your bankroll will be protected – not least because your maximum stake will reduce. For example, if your balance went down to $1,000, at 2%, you would only be able to stake a maximum of $20.

Stop-Loss Orders

Another commonly used strategy that is implemented by seasoned cryptocurrency investors is to ensure that stop-loss orders are always deployed. As we briefly noted earlier, this will ensure that you never lose too much money on a single position.

  • For example, let’s suppose that you want to limit your potential losses to 5%
  • You decide to risk $1,000 on BTC/USD – which is priced at $50,000
  • This would require you to set your stop-loss price to $47,500

As per the above example, if BTC/USD declines and it hits a price of $47,500, your investment will automatically be closed. This prevents you from experiencing further losses. As such, the most you can lose on a $1,000 stake is 5% – or $50.

Take-Profit Orders

In addition to stop-loss orders, you should also look to lock in your profit target when the respective price is met. After all, the cryptocurrency markets can move at an extremely fast pace.

  • Meaning – that unless you are glued to your screen 24/7, you might miss a suitable opportunity to cash your position out.
  • The easiest way to achieve this strategy is via a take-profit order.
  • The fundamentals here work in exactly the same way as a stop-loss order.
  • This is because you simply need to instruct your broker or exchange of the price that you wish the take-profit order to be executed.

For example, you wish to stake $1,000 on BTC/USD at an entry price of $ 50,000. You want to make a profit of 20% on this position. As such, you would need to set your take-profit order to $60,000.

Take Advantage of Market Dips

In a similar nature to the US stock markets, cryptocurrencies often move in sync with each other. That is to say, when broader markets are bullish, many cryptocurrencies go through a prolonged upward trend.

And similarly, when the markets are bearish, most cryptocurrencies will enter a downward cycle.

  • This means that you can look to capitalize on market dips by entering a buy position on high-grade cryptocurrencies.
  • In doing so, you will be entering the market at a discounted price.
  • For example, the previous all-time high of BTC/USD is over $68,000.
  • Since hitting this high, BTC/USD has gone through a prolonged market correction – even dipping below $33,000.

In entering a position at this price point, you’ll be giving yourself an attractive upside target on a solid digital asset.

Invest in Cryptocurrency Passively

If you don’t have the skillset to analyze cryptocurrency prices, then it might be worth looking into a passive investment tool. This will allow you to invest in cryptocurrency without needing to actively research the markets.

One of the best ways of achieving this goal is via the eToro copy trading feature. This enables you automatically copy the same positions as seasoned cryptocurrency investors of your choosing.

You’ll want to focus on investors that have an extended track record on eToro in terms of ROIs and risk management. The minimum copy trading investment required is just $200.

Crypto Investing

Ever wondered how to invest in cryptocurrency for the short term? Crypto investing for a short term is a specific strategy that requires you to enter and exit positions within a 24-hour period. This means that you will be looking to buy a cryptocurrency and then sell it a few hours later.

In doing so, you will be looking to target smaller gains. However, as you will be placing orders much more frequently, these gains can quickly add up.

Due to the tight profit margins that you will be working towards, both stop-loss and take-profit orders are even more important when investing in the short-term.

If you wish to invest in the cryptocurrency markets, the vast majority of your research will need to focus on technical analysis.

This means looking for historical pricing trends and how they might influence the future direction of the respective cryptocurrency.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Is Cryptocurrency Investing Safe?

Cryptocurrency investing is not risk-free from a variety of perspectives, it’s important that you understand the steps that you can take to remain safe.

First and foremost, the majority of cryptocurrency exchange and platforms are unlicensed. As such, in using an unlicensed platform, your funds are at risk.

This is why we like eToro – which is regulated by several tier-one licensing bodies and approved to offer cryptocurrency brokerage services to US residents.

Next, you need to think about the risks of losing money from your investing activities. We discussed these earlier in terms of bankroll management and ensuring that both stop-loss and take-profit orders are always deployed.

Another safety measure that you need to think about is the storage of your cryptocurrencies. After all, when using a crypto platform, the provider will be responsible for keeping your digital currencies safe.

This is why it’s important to assess what security controls the platform offers. For example, eToro offers a custodial wallet service that utilizes institutional-grade security practices.

This means that you do not need to worry about keeping your own private keys safe. eToro also has an internal risk management department that is tasked with keeping its customers safe from financial crime.

How to Invest in Cryptocurrency – Full Tutorial

This guide has covered how to invest in cryptocurrency in a risk-averse manner. If you’re ready to put your newfound theoretical knowledge into practice, we are now going to show you how to get started today .

Step 1: Create an Account

You will need to create a verified account before you can deposit money into the eToro platform. Enter your full name, email address, and phone number, followed by your desired username and password.

Click on the ‘Create Account’ button to proceed to the next step – which will require some additional personal information from you, alongside a quick overview of your prior investment experience.

You will also be asked to upload a copy of your passport, driver’s license, or state ID card. This ensures that your identity is verified as per KYC regulations.

Step 2: Deposit Funds 

The next step is to deposit some US dollars into your eToro account – which you can do without paying any fees.

If you want your deposit processed instantly, then select a debit or credit card, PayPal, Neteller, or any other supported e-wallet. Bank wires and ACH can take a couple of days to settle.

The minimum deposit across all supported payment methods is just $10.

Step 3: Search for Cryptocurrency  

If you feel ready to start investing in cryptocurrency with real money, switch back to ‘Real Portfolio’ mode. Then, use the search box to find the cryptocurrency that you want to invest in. As you can see in the example image below, we are searching for Ethereum.

You can also view the full list of supported cryptocurrencies by clicking on ‘Discover’.

Step 4: Invest in Cryptocurrency  

Click on the ‘Buy’ button next to the cryptocurrency that you want to access. This will then populate an order – which we explained in great detail earlier in this guide.

To reiterate, in addition to entering your stake, you will need to decide between a market or limit order. You also have the option of deploying a stop-loss and/or take-profit order.

When you are ready to enter your position, click on the ‘Open Trade’ button.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Cryptocurrency Investing – Conclusion

The cryptocurrency markets are volatile and speculative, which makes this investment sector ideal for short-term investors. In reading this guide, you should now know how to approach the cryptocurrency investing scene in a risk-averse manner.

We’ve discussed many strategies that you can take to outperform the market – even as a beginner. If you want to invest in cryptocurrency with real money right now – you only need $10 to get started on the eToro platform.

Crucially, this popular platform gives you access to dozens of cryptocurrencies in both a regulated and low-cost environment.

Frequently Asked Questions on Cryptocurrency Investment

   How do I invest in cryptocurrency and make money?

In order to make a profit from cryptocurrency investment, you need to sell your digital tokens for more than your initial price. This can only be achieved if the value of the cryptocurrency increases in the open market compared to the price you paid for.

What is the best place to invest in cryptocurrency?

The best place to invest in cryptocurrency today is eToro. You will be able to buy and invest in cryptocurrency in a low-cost, user-friendly, and regulated environment. You might also consider Binance when searching for the best crypto investing platform for its low-fee policy across 250+ markets. Crypto.com is also considered as one of the best crypto apps.

What is the best way to invest in crypto?

If you are a complete beginner, then the best way to invest in cryptocurrency is via a long-term strategy. This means buying a collection of high-grade cryptocurrencies and holding onto your investment for the long term.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk.

Best Cryptocurrencies To Watch Today

0

Throughout this guide, we’ll be exploring the best cryptos to watch in 2023. We’ll be taking a look at some well-known large-cap projects, as well as some smaller lesser-known assets that have the potential for rapid growth. Let’s begin.

Despite their high market capitalization, ApeCoin, Ethereum, and Terra are among the best cryptocurrencies to watch right now for potential gains in the future.

The 10 Best Cryptocurrencies to Watch Right now Revealed

With the hype around cryptocurrencies in the last few years, you are probably thinking of starting your crypto investing. Beginners having difficulties finding the top cryptocurrency to invest in today, Don’t worry! Most investors have been in this situation, so we understand how confusing it is when looking for new cryptocurrency investments.

This guide will take you through the ten best cryptocurrencies to buy today. By the time you are done reading this guide, you should have a good idea of the top cryptocurrencies that have the most potential to grow in the future.

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Virtual currencies are highly volatile. Your capital is at risk

Best Cryptocurrencies to Watch Today

Finding the best crypto coins to watch today doesn’t have to be hard. We have done proper research and created this top 10 guide to find the best coins to watch.

Before we dive into each cryptocurrency, here is a preview of the top 10 cryptocurrencies to invest in right now.

  • ApeCoin
  • Ethereum
  • Bitcoin
  • Binance Coin
  • Solana
  • Dogecoin
  • Shiba Inu
  • Avalanch
  • Cardano

 >>>Buy Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk

A Closer Look at the Top 10 Cryptocurrencies to Watch Today:

Are you searching for the next big cryptocurrency to watch right now, but unsure of where to start? It is a normal feeling given that there are many developments in the market, and they are happening at lightning speed. For instance, there is a lot of hype around platform blockchains, meme coins, and many other cryptos.

As such, you might wonder, should I invest in a platform blockchain like Ethereum, or should I bet on the best meme coins with the potential to 2x or 3x in the year?

While the many developments in the market can leave you confused, the best part is that you have options. However, it would help if you were careful because though you have options, many cryptocurrencies may not add much value to your investment portfolio.

That’s why we have listed the highest quality crypto assets in our list of top cryptocurrencies to buy right now . Each of the cryptocurrencies in this list has a strong community, technically sound, and has a growing adoption that is likely to play positively into its value.

Without further ado, let’s now jump into these top cryptocurrencies to invest in today  that hold the most potential for future returns. By the end of this reading, you should have a clearer idea of the best cryptocurrencies to watch right now. 

1. ApeCoin (APE)

ApeCoin is currently the best crypto to watch today.

If you have been following cryptocurrencies for most of 2022, you know that ApeCoin has been attracting a lot of hype this year. It is linked to the world-famous Bored Ape Yacht Club NFTs.

When ApeCoin first hit the market, it rallied by thousands of percentages before a correction followed. However, there is still a lot going on with ApeCoin that makes it one of the best altcoins to buy now

One of the big developments around ApeCoin is the launch of the Other Side Metaverse. The big deal about the Otherside Metaverse is that lands are being sold in APE tokens. This means there is intrinsic value to ApeCoin and as adoption of the Metaverse grows, so will the value of ApeCoin.

Besides, for its association with the Bored-Ape NFTs, ApeCoin has emerged as the biggest Metaverse cryptocurrency today. This means ApeCoin has the leverage to dominate the fast-growing Web 3.0, primarily NFT gaming.

Many ApeCoin price predictions expect that APE could double in 2023. This makes it one of the best cryptocurrencies to buy now.

>>>Buy ApeCoin Now<<<

Virtual currencies are highly volatile. Your capital is at risk

2. Ethereum (ETH)

Another top cryptocurrency to watch closely today is Ethereum. It is the second-largest cryptocurrency by market capitalization. You can’t miss among the best cryptocurrencies to invest in 2023.

One thing that makes Ethereum rise to the top among the cryptocurrencies to buy right now is its strong ecosystem of Dapps. Since it launched as the first Dapps blockchain back in 2015, it has dominated the market.

Today, most Dapps, be it DeFi, NFTs, or otherwise, run on the Ethereum blockchain. As more of these cryptocurrencies come up, the value of ETH, the utility token in the Ethereum ecosystem, will only go up.

Besides, the Ethereum developer team has been working hard to deal with the scalability issues that have plagued this blockchain for years. For the last two years, Ethereum has been in the process of a transition to Proof-of-Stake, and it comes with several benefits to Ether, including making ETH deflationary.

For its dominance and improving core metrics, analysts are bullish on Ethereum. Many Ethereum price predictions expect ETH coin to be valued anywhere between $4500 and $5500 in 2023. Given that the popular cryptocurrency is currently trading below $2000 per coin, it is a great option to consider as Ethereum could double in value in 2023. As such, now could be a good time to invest in ETH cryptocurrency.

>>>Buy Ethereum Now<<<

Virtual currencies are highly volatile. Your capital is at risk

 3. Bitcoin (BTC)

Bitcoin is the de facto choice of the best cryptos to watch in 2023 as a crypto newbie.

However, from a look at Bitcoin’s price, you probably wonder, isn’t it a little too expensive?

While Bitcoin’s price may look nominally high, BTC is one of the most undervalued cryptocurrencies today. To understand why, you just need to look at its tokenomics.

Bitcoin has a capped supply of 21 million coins. Also, millions of BTC have been lost over the years. Now that Bitcoin adoption is on the rise, including getting adopted as a currency by multiple countries, it is inevitable that Bitcoin will only go up due to demand and supply dynamics.

Besides, Bitcoin happens to be one of the safest cryptocurrencies today. That’s because it is highly decentralized, meaning no single entity can ever influence Bitcoin. You can take it as a long-term investment, just like you would stock or real estate.

Multiple Bitcoin price predictions expect the leading crypto to trade anywhere between $70k and $80k in 2023. In the long term, 2025 and beyond, analysts expect Bitcoin to trade at over $250,000. Given that it is currently trading below $40,000, Bitcoin is pretty much a no-brainer cryptocurrency to buy today.

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Virtual currencies are highly volatile. Your capital is at risk

4. Binance Coin (BNB)

Binance Coin is another common-sense cryptocurrency to keep your eye close on today. That’s because it is the cryptocurrency used for paying fees on the world’s largest cryptocurrency exchange by volume.

Binance users are incentivized to use BNB because Binance offers a discount to anyone who chooses to use BNB to pay fees. Since Binance has a large ecosystem that includes the Binance Smart Chain, it then follows that Binance Coin is one of the cryptocurrencies with the highest utility in the market today.

Besides its utility, BNB’s tokenomics also make it a top cryptocurrency to invest in 2023. Every quarter, Binance burns millions of BNB, and this is expected to go on for most of this decade. This token burn has played the biggest role in Binance Coin’s rise from trading at pennies in 2017 to a high of $667 in 2021.

Due to the supply shock that this token burn causes, most BNB price predictions expect this cryptocurrency to trade at over $1000 in 2023. They also expect BNB to hit much higher prices in the years ahead.

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5. Solana (SOL)

Solana was the top cryptocurrency performer of 2021 and rallied by over 10,000%. While it started in 2022 bearish, SOL is one of the top altcoins that could perform well in this year and beyond.

Solana is the best cryptocurrency to buy and invest in today for its core functionality and growing adoption. To grasp how big of a deal Solana is, consider the fact that it is one of the most scalable platform blockchains in the market today. Solana can handle up to 50k transactions per second at transaction costs of under $0.01.

These metrics have seen adoption grow, and today, Solana has one of the fastest-growing ecosystems of DeFi and NFT projects. Since SOL is the native token of the Solana ecosystem, it then follows that as the adoption of the Solana blockchain grows, so does the intrinsic value of SOL tokens.

Analysts are also pretty bullish on Solana in 2022 and beyond. Many Solana price predictions expect the value of SOL to go up by over 470% in 2023. If these predictions are anything to go by, Solana is one of the most potential altcoins to consider today.

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Virtual currencies are highly volatile. Your capital is at risk

6. Dogecoin (DOGE)

Dogecoin easily stands out as one of the most undervalued altcoins to buy today. That’s because its community and levels of adoption have been going up. All this, while its price hasn’t reacted much. It is one of the top meme coins that did not retest its all-time highs in the November 2021 cryptocurrency rally.

However, there are some strong indicators that Dogecoin could emerge as one of the hottest meme coins to buy in 2023. To understand why you just need to look back at why Dogecoin did so well in 2020 and early 2021.

From 2020 to mid-2021, Dogecoin went up by 12,000%. This followed a series of tweets by Elon Musk that were aimed at pumping DOGE. This year, Elon Musk has bought Twitter and is now running it as a private company. This means he has more liberty on what he can say, including pumping Doge.

Even before the Twitter deal was completed, signals of such a possibility were already there. At the time, Musk suggested that Twitter should incorporate DOGE as a payment. If Musk follows through and includes Dogecoin as a payment method on Twitter, the hype it could generate would easily see Dogecoin emerge as one of the top-performing cryptocurrencies today. It is not surprising that the majority of Dogecoin price predictions are bullish.

>>>Buy DOGE Now<<<

Virtual currencies are highly volatile. Your capital is at risk

7. Shiba Inu (SHIB)

Shiba Inu was one of the hottest meme coins in 2021 after it rallied by over 48,000,000%. While it has since cooled down, it still holds a lot of potential as a top meme coin that could explode further in 2022 and beyond.

Last few years, Shiba Inu thrived mainly on the hype around meme coins triggered by Dogecoin. However, it has since developed a character of its own, and its intrinsic value is on the rise. For example, last year, the team introduced ShibaSwap, a DEX for trading Shiba Inu and other cryptocurrencies.

However, the biggest move that the Shiba Inu team has made this year is to introduce the Shiba Inu Metaverse. Given how much hype there is around the Metaverse, there is no doubt that Shiba Inu could be among the top cryptocurrencies that do well this year.

Analysts are also pretty bullish on Shiba Inu, and most Shiba Inu price predictions expect SHIB to double by the end of 2023.

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Virtual currencies are highly volatile. Your capital is at risk

8. Cardano (ADA)

Cardano is a large-cap cryptocurrency that also makes it to the list of top cryptocurrencies to buy now. Cardano is a platform blockchain and, like Solana, Avalanche, and the rest, is one of the biggest Ethereum competitors in the market today.

Cardano stands out from the competition for its security features. This is all thanks to its Ouroboros Proof-of-Stake algorithm that is peer-reviewed and proven to be secure, scalable, and decentralized.

While Cardano remains a work-in-progress, one factor that makes it a hot cryptocurrency to buy today is the recent introduction of smart contracts. Cardano smart contracts were introduced in October 2021, and since then, there has been a healthy growth in Dapps within the Cardano ecosystem.

Thanks to its scalability, and low costs relative to Ethereum, many analysts expect Cardano to grow in adoption in 2022. Cardano’s token ADA is also expected to grow since it acts as a utility token within the Cardano ecosystem. While no one can accurately predict the future, most ADA price predictions expect it to be one of the top altcoins that could do well in 2023.

 >>>Buy ADA Now<<<

Virtual currencies are highly volatile. Your capital is at risk

9. Avalanche (AVAX)

The final project from our list of the top cryptocurrencies to watch today is Avalanche.

Avalanche is a smart contracts platform that has gained traction as a launchpad for various Dapps ranging from Dapps to NFTs.

Avalanche shot to popularity in 2020 as a top Ethereum competitor and has gained significant traction in the market. This has to do with Avalanche’s key metrics, such as scalability and low costs. Avalanche is known for handling up to 4500 transactions per second and at pretty low costs.

Also, unlike some of its competitors that have suffered network lags, Avalanche is known for its network stability. These strengths make Avalanche a high potential that could grow in adoption and value going into the future.

So far, Avalanche has shown positive responsiveness in price as adoption grows. Back in 2020, Avalanche made an all-time low of $2.79. By November 2021, Avalanche had shot up to an all-time high of $146.22. Most Avalanche price predictions expect AVAX to remain a top-performing altcoin for years to come.

 >>>Buy AVAX Now<<<

Virtual currencies are highly volatile. Your capital is at risk

What is the best cryptocurrency to Watch Today?

While cryptocurrencies have a lot of potential for growth in 2023, you need to invest with caution. That’s because there are trends shaping up in the market, and if you are not in tune with them, you could lose money.

For instance, the way the market is shaping up, growth is likely to come from certain market segments such as DeFi and the Metaverse. However, growth is mainly aggregating towards a few large players in these markets. As such, it is best to invest in cryptocurrencies that could dominate the market, such as Ethereum and Terra.

If you are unsure where to buy these top cryptocurrencies, all of them are listed by top cryptocurrency exchanges. However, if you want to explore the market a little more and buy new cryptocurrencies, you may consider investing through Decentralized Exchanges such as Pancake and Uniswap.

As a new investor, you may want to stick to large-cap cryptocurrencies that have an established presence in the market.

The best place to invest in the best cryptocurrencies of today is eToro. The exchange is fully regulated, which means your capital is safe. The platform also has low fees relative to most cryptocurrency exchanges.

Deposit $10 and get started today. Don’t forget that cryptocurrencies are risky investments, and you should never invest more than you can afford to lose.

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Virtual currencies are highly volatile. Your capital is at risk

Conclusion

This guide on top cryptos to watch today has explained the fundamentals of each coin on the list – in terms of the future potential and risks to consider. If you have read through this cryptocurrency trading guide up to this point, then you have a good idea of the best cryptocurrencies to buy and invest in today.

Out of these 10, we believe Ethereum (ETH), and ApeCoin (APE) are the best crypto assets to invest in today in terms of potential returns.

>>>Buy Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk

Best Cryptocurrencies To Invest In Today

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Here is a comprehensive guide on the best cryptocurrencies to invest in for long-term value growth.

An In-Depth Look At The Best Cryptocurrencies To Invest In Right Now

Despite the volatility, the cryptocurrency market is growing faster than most traditional markets like stocks and real estate.

If you are looking to get started in this market but are unsure of where to start, this article is a perfect starting point.

Through this cryptocurrency trading guide, you will have a clear idea of the best cryptocurrencies to invest in for maximum profits. All the cryptocurrencies discussed in this list have the potential to do well, not just in 2022 but for many years to come.

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Virtual currencies are highly volatile. Your capital is at risk

Best Cryptocurrencies To Invest In Today

Here is a list of the best ten cryptocurrencies to invest in right now:

  • Ethereum
  • Polygon
  • Stellar
  • ApeCoin
  • Avalanche
  • Loopring
  • Chainlink
  • Dogecoin
  • Axie Infinity
  • Enjin Coin

>>>Buy Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk

A Detailed Look At The Top Cryptocurrencies To Invest In Right now

By scrolling through CoinMarketCap, you can’t get confused about what to or not buy. There are thousands of cryptocurrencies, and new ones pop up every day.

Besides the hustle of finding the best cryptocurrencies to buy, finding where to buy is also a challenge.

The best part is that, if you get it right on the research part, cryptocurrencies can be rewarding. For context, consider the people who got wind of Shiba Inu when it launched in 2020, or more recently, ApeCoin.

For this reason, we have taken the time to research, and come up with the list above of the best cryptocurrencies to invest in.

In the follow-up sections, we take an in-depth look at each of the top cryptocurrencies to invest in.

1.   Ethereum – Overall best cryptocurrency to invest in today

Ethereum is, without a doubt, one of the best cryptocurrencies to invest in right now.

Ethereum tops the list of best cryptocurrencies to buy now for its element of safety and strong growth prospects.

Ethereum is what you consider a top creme cryptocurrency, alongside Bitcoin. You will notice that even in down markets like what has been experienced for most of 2022, Ethereum is holding value better than most altcoins.

This has a lot to do with the fact that it is the pioneer of smart contracts crypto. None of the new cryptocurrencies looking to dethrone Ethereum are even close to matching its network effect.

At the same time, Ethereum is making moves that could see it whitewash the competition in the long run. Since 2020, Ethereum has been in a significant reorganization that is expected to deal with scaling and fee issues.

The reorganization involves a shift from Proof-of-Work to Proof-of-Stake. It also involves using layer-2 solutions to complete transactions instead of relying solely on the main chain. The transition has also come with a change in tokenomics. That’s by making Ethereum a deflationary cryptocurrency.

Essentially, in the future, the more the Ethereum blockchain is used, the more Ether will be burned. Simple economics dictates that this is good for the price of Ethereum long term.

Even with all these strengths, Ethereum’s price remains depressed for most of 2022. It is more than 50% off its most recent highs, making it a perfect buying point for investors looking for growth cryptocurrencies to buy.

Once the bulls return to the market, Ethereum could easily emerge as one of the best performing cryptocurrencies.

>>>Buy Ethereum Now<<<

Virtual currencies are highly volatile. Your capital is at risk

2.   Polygon – Top Ethereum layer-2 solution that is a good investment today

The next cryptocurrency on our list of best cryptocurrencies to invest in is Polygon.

Polygon is the largest of the Ethereum layer-2 solutions in the market today. Already, Polygon has a vast ecosystem of projects building on top of it. This means that once the Ethereum and Ethereum 2.0 merge happens, Polygon is among the cryptocurrencies that could do well in 2023.

Polygon has also made several upgrades, including making the MATIC token deflationary. This means that once adoption takes an upward trajectory, the price of MATIC could go up as well.

Even with all these factors in its favor, Polygon has been bearish for most of 2022. Polygon was more than 65% from its most recent highs when writing this article. This makes Polygon a highly undervalued cryptocurrency to buy now.

Its core fundamentals are sound, yet the price is massively underperforming. Once the market turns bullish again, Polygon could test new highs, making it one of the best cryptocurrencies to buy and hold for the long haul.

>>>Buy Polygon Now<<<

Virtual currencies are highly volatile. Your capital is at risk

3.   Stellar – Top Cryptocurrency doing well in cross-border payments

The other best crypto to invest in is Stellar.

Stellar is one of the cryptocurrencies taking the cross-border payments market by storm. However, Stellar, unlike its top competitor XRP, is free of regulatory risks.

That’s because, unlike XRP, Stellar is backed by a non-profit organization. This means there is an almost zero chance of being declared unregistered security. Stellar’s low regulatory risk is enhanced by the fact that it has KYC, which is critical in the banking industry.

Stellar is also growing in adoption. In recent years, Stellar has gained significant adoption, including by top corporations like I.B.M. As adoption grows, the value of XLM tokens could also go up.

The best part is that XLM has been bearish for a while. 2022, year-to-date, Stellar is down by more than 60%. For its fundamentals, this makes it a highly undervalued cryptocurrency, one that is perfect for an investor looking to buy and hold for the long haul.

>>>Buy XLM Now<<<

Virtual currencies are highly volatile. Your capital is at risk

4.   ApeCoin – Highly hyped cryptocurrency to invest in

Next in our list of best cryptocurrencies to invest in is ApeCoin.

One of the key reasons ApeCoin makes it to this list is the hype factor. Hype is a critical determinant of how high a cryptocurrency can go, especially in bull markets. To understand how big of a deal hype is, consider that it saw meme coins like Shiba Inu outperform cryptocurrency blue chips like Bitcoin and Ethereum.

ApeCoin launched in March 2022 and has been drawing more hype than any other cryptocurrency. The day it was launched, ApeCoin rallied after it was listed instantaneously by all top cryptocurrency exchanges.

Despite the bear trend in the broader market, ApeCoin managed to sustain momentum towards the end of April. This followed news that the Otherside Metaverse would use ApeCoin as the currency for running its ecosystem.

While ApeCoin has since corrected, it remains one of the best cryptocurrencies to invest in. That’s because, by virtue of its connection to the most valuable NFT collection, its Metaverse stands to dominate the Metaverse space, especially in play-to-earn gaming.

The Metaverse is expected to hit at least a trillion dollars. This means ApeCoin’s dominance places it at the forefront of top cryptocurrencies that could do well in the decade.

The best part is that ApeCoin is now more than 60% off its most recent highs, making it one of the most undervalued cryptocurrencies to buy. A rally from its current price could easily see ApeCoin 10x in value.

>>>Buy ApeCoin Now<<<

Virtual currencies are highly volatile. Your capital is at risk

5.   Avalanche – High potential platform blockchain to invest in today

Avalanche easily makes it to the list of the best cryptocurrencies to invest in.

Avalanche has distinguished itself as one of the top Ethereum competitors with the most potential. This is thanks to its combination of scalability and security. Avalanche is known for handling up to 4500 transactions per second.

Avalanche’s core architecture also guarantees that the blockchain remains decentralized even as it grows. This makes Avalanche an attractive blockchain for developers who want to create censorship-free decentralized applications.

In the past year, the Avalanche ecosystem has grown significantly and now ranks among the largest blockchains to develop DeFi applications and NFTs. As it grows, Avalanche stands as one of the top cryptocurrencies to invest in for long-term value growth.

Besides its growing adoption, Avalanche is currently trading at massive lows off its all-time highs. This makes it highly undervalued for an investor looking for long-term gains in 2023.

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Virtual currencies are highly volatile. Your capital is at risk

6.   Loopring – Decentralized Exchange that could grow market share

Next on, the best cryptocurrency to buy is Loopring.

Most new cryptocurrency investors may not have heard of Loopring, but it is an undervalued cryptocurrency that makes sense to buy in 2023.

Loopring is a decentralized exchange that is designed as an Ethereum layer-2 solution. It allows traders to complete trades fast and at a low cost, basically by-passing the hefty fees that come with Ethereum transactions.

At the same time, Loopring is known for its exemplary security. This is all thanks to its use of Zk-Rollups, one of the best time-tested techniques in transaction security.

Besides these strong core features, the most significant factor that places Loopring among the top cryptocurrencies to invest in today is the upcoming Ethereum merge. This means most transactions will rely on layer-2 scaling solutions. Essentially, Loopring is set to see an  increase in transactions for the remainder of 2022 and beyond. This is a plus for the growth of LRC tokens going into the future.

Add to that the fact that Loopring is trading at 82% off its all-time highs, and it’s not hard to see why LRC is a growth cryptocurrency to buy now and hold for the long term.

>>>Buy Loopring Now<<<

Virtual currencies are highly volatile. Your capital is at risk

7.   Chainlink – Top cryptocurrency to invest in the decentralized oracles space

The other best cryptocurrency to invest in is Chainlink.

Chainlink is the dominant player in the decentralized oracles market. Chainlink has more than 65% of the decentralized oracles market and is more extensive than its other competitors combined.

Chainlink is also always making moves geared towards entrenching its dominance. For instance, Chainlink introduced hybrid smart contracts to improve its scalability.

Thanks to its use of hybrid smart contracts, Chainlink can combine on-chain and off-chain data seamlessly. This helps it handle all smart contract data without interruptions, no matter how heavy the data requirements.

This efficiency has seen Chainlink smart contracts now get integrated into all major Dapps blockchains from Ethereum to Solana. Essentially, as smart contracts grow in adoption, so will the value of Chainlink. This makes it a top cryptocurrency to buy and hold forever.

Even with all these strengths, Chainlink is trading at massive lows from its last all-time highs. This makes LINK a hugely undervalued cryptocurrency at current prices.

>>>Buy Chainlink Now<<<

Virtual currencies are highly volatile. Your capital is at risk

8.   Dogecoin – Top meme coin to buy

The next best cryptocurrency to buy is Dogecoin.

Dogecoin is the king of the meme coins market. This was most evident in 2020 when it rallied by over 10,000% and triggered a meme coin rally across the market.

While Dogecoin has largely underperformed since May 2021, there is a lot to look ahead to in 2023 and beyond.

One thing that makes Dogecoin stand out as a high potential meme coin is its link to Elon Musk.

Musk was why Dogecoin rallied in 2022, thanks to its series of tweets supporting the cryptocurrency. Musk’s influence has seen Dogecoin adoption  grow, a plus to its long-term value growth. For instance, more than 15 top companies have now accepted Dogecoin since he started hyping it. This includes his company, Tesla, which now accepts Dogecoin for some of its merchandise.

As adoption gains momentum, Dogecoin has the potential to grow in value going into the future. The fact that it is still way off from its 2021 all-time highs makes it one of the most undervalued cryptocurrencies today, one with the potential to make investors money in 2023 and beyond.

>>>Buy Dogecoin Now<<<

Virtual currencies are highly volatile. Your capital is at risk

9.   Axie Infinity – Best Metaverse cryptocurrency to buy today

The Metaverse is growing, and that’s why Axie Infinity makes it to the list of the best cryptocurrencies to invest in.

Axie Infinity is one of the largest Metaverse cryptocurrencies. Its NFT collection is one of the most expensive in the crypto sphere.

At the same time, the team behind Axie Infinity is continually making improvements in its play-to-earn gaming ecosystem.

As Axie Infinity’s play-to-earn ecosystem grows, so does the potential value of Axie Infinity’s native token, AXS.

While Axie Infinity’s fundamentals have been getting better, the price of AXS has been on a downtrend for most of 2022. Today, AXS is more than 60% off its 2021 highs. Since one of the mantras to investing is buying when the market is bleeding, AXS stands out as one of the best cryptocurrencies to buy in 2023.

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10. Enjin Coin – High potential Metaverse cryptocurrency to invest in today

Last on the list of the best cryptocurrencies to buy today is Enjin Coin.

Enjin Coin has been around for a while but only recently got into the Metaverse space. It has also done so with a lot of enthusiasm. The Enjin team announced that it was pumping $100 million into its Metaverse, and the process has already started.

Enjin also has the advantage of being decentralized and having an interoperable NFTs metaverse. This means Enjin NFTs can be traded across multiple platforms. This makes it attractive to anyone looking to mint and sell NFTs but does not want to be tied to a particular platform.

With play-to-earn gaming set to become the next big shift in the gaming industry, Enjin Coin’s interoperability could make it a top cryptocurrency to buy and hold for the long haul.

Despite its tremendous adoption rate, Enjin Coin is currently trading at a huge discount. Enjin Coin is currently trading at a 79% discount from its all-time highs. This gives ENJ considerable latitude for growth once bulls retake the cryptocurrency market.

>>>Buy Enjin Now<<<

Virtual currencies are highly volatile. Your capital is at risk

Conclusion

If you have followed this cryptocurrency guide up to this point, then you have a good idea of the best cryptocurrencies to invest in today.

Out of all them, Avalanche and ApeCoin hold the most potential for an investor looking to invest in high-growth cryptocurrencies.

These two and all the other cryptocurrencies discussed in this article are trading at massive discounts. This could be a perfect time to buy into these ten high-potential cryptocurrencies and hold for the long haul.

Besides, all of them have many positive things going on for them. As such,  the chances of them going parabolic in future bull runs are pretty high.

>>>Buy Crypto Now<<<

Virtual currencies are highly volatile. Your capital is at risk

Inflation: Traders in Ghana Shut Down Shops, Protest Over Failing Currency

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Traders in Ghana have shut down shops to protest over the decline in the country’s currency as inflation continues to surge.

Earlier this month, the Ghanaian cedi was reported as the worst-performing currency in the world after it lost 45.1 percent of its value to the US dollar this year.

A Bloomberg report noted that the country’s currency, the cedi, depreciated by more than 30 percent since the beginning of the year as Ghana struggles to check skyrocketing prices caused partly by Russia’s invasion of Ukraine.

The country’s inflation rate surged past its 21-year record high in August as its annual inflation rate climbed to 37.2 percent in September from 33.9 recorded in August 2022. The surge in inflation continues despite the emergency meeting held by the bank of Ghana in August raising its benchmark interest rate to a record-high of 22 percent. 

In June, Ghanaians took to the streets to protest the price surge and the high cost of living, which prompted the Ghanaian government in July to initiate a 15 percent cost of living allowance for civil servants in the country.

However, such didn’t yield any positive results as traders in the country have once again hit the street in a response to the soaring inflation and consequent high cost of doing business by locking their shops in a three-day protest as they fear that there is no end in sight to their plight.

According to reports, the combined effects of high inflation, exchange, and interest rates in the country, have “deeply eroded” business owners’ capital by over 50% this year, as many business owners are also finding it difficult to repay their loans.

A merchant in the country said, “Prices and import duty have risen due to cedi depreciation and dollar appreciation. So, importers find it difficult to import items due to the hikes in duty and customers no longer come in.”

Also, Ghana Union of Traders Association (GUTA) union via a statement, has disclosed the protest as a strategic move that will send a signal to the government of how displeased they are.

The statement reads in part, “The government should listen to the plea of these businesses, though the private sector is also one of the backbones of the economy. We employ most of the young people in the system, okay? If I am able to employ one or two guys in my shop at the end of the day I have taken some people off the street, you understand?

so government should implement policies that will also cushion us for our businesses to grow while looking at other alternatives to also grow the economy. If government grows the economy and our businesses grow there will not be all of these”.

Expressing their anger, some traders in the Ashanti Region booed the Ghanaian President Akufo-Addo while he went to inspect some government projects.

In a bid to cushion the effect of inflation and prevent the currency from falling further, Ghana’s central bank has raised its benchmark lending rate by 10 percentage points this year to 24.5 percent in a bid to tame price growth. However, it has continued to increase borrowing costs for traders.

The International Monetary Fund (IMF) has started talks with Ghana over a deal and last month an official at the IMF disclosed that they will meet an agreement with the West African country before the year ends.

Shooting an unarmed person is murder

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Last week, Apostle Johnson Suleiman’s convoy was attacked and about seven of his aides lost their lives in the attack including his police escorts. 

One of the attackers was later apprehended by the local security group and they were able to disarm him. A police officer was invited to the scene to take the apprehended assailant into custody and to quiz out some information that will lead to the apprehension of the rest assailants. The police officer got to the scene, and saw the assailant already disarmed, detained inside a vehicle, brutally beaten by youths, unarmed and looking powerless, the police officer brought out his rifle and shot him dead on the spot. 

Some people out of emotions have come out to publicly defend this rash act of the police officer shooting one of the attackers but, emotions are not law.

Commonsensically, I am yet to make meaning out of the reason why the police officer acted in that manner; was he just overzealous, or trigger-happy and excited, or was he particularly pained and provoked by the death of some of his colleagues who lost their lives in the attack and decided to pay back the attacker in his own coin immediately. 

Whatever his reason could be, his act of shooting a person who is unarmed and has already been captured is legally unjustified and this amounts to murder. He will be prosecuted to have murdered a person. It does not matter that the guy was caught red-handed as one of the attackers of the Apostle’s convoy, the law is that the assailant is to be presumed innocent until he is tried in a court of competent jurisdiction and found guilty. This is a trite principle of the law. 

The only instance when a police officer or any security agent can shoot a person and be legally justified under combatants rules of engagement is when the security agent has a reason to believe that his life or the lives of those around him is threatened and he can only stay alive or keep others alive and safe if he shoots the assailant first, ie it is only in “kill or be killed” situation is an agent permitted to shoot an assailant under rules of engagement; if there are other available means to disarm and apprehend the assailant without killing him, the security agent is expected to first explore that options. 

In this instance, the life of the police officer is neither threatened nor the lives of those around because the assailant is no longer armed, hence there is no justification for the police officer to gun down the assailant. 

The police officer will only be justified in shooting one of the attackers if the attacker was found to still be armed, but according to the video we saw, he has already been disarmed. 

The police officer cannot as well plead the defense of provocation or that he acted out of the heat of passion, being provoked by the fact that some of his colleagues were shot down by the assailants because there has been an interval of time between when the attack happened and when the assailant was apprehended. For the defense of provocation to avail a person, it must be clear that the corresponding reaction happened immediately or that the reaction follows the action instantaneously. 

No matter how emotional you want to get over the matter, the fact that the police officer shot one of the assailants who has already been apprehended could be interpreted that the policeman intentional did that as a “cover-up mechanism” because he does not want the assailant to be interrogated hence exposing some information which may implicate the police officer and his action amounts to murder within the provisions of S. 316 of the criminal code.