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Home Blog Page 4834

What Is the Top Cryptocurrency To Explode And Go Up 10x?

10

Every crypto investor is on the hunt to find the big next cryptocurrency to explode but it’s far easier said than done. Luckily, we’re here to help.Throughout this guide, we’ll be reviewing the next cryptocurrency to explode 2022 end beyond and providing a step-by-step guide detailing how to buy our top pick for a crypto that will explode. Let’s get started.

The Next Top Cryptos to Explode and Grow in 2022 and Beyond

We’ve included a brief breakdown of each of the next cryptos to explode but more comprehensive reviews can also be found in the next section.

  1. Cosmos 
  2. Fantom 
  3. Ethereum
  4. Decentraland 
  5. Sandbox 
  6. Axie Infinity 
  7. Bitcoin
  8. Chainlink
  9. Binance coin 

>>>Buy Cryptos Now<<<

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

Which Cryptocurrency Is Set To Explode?

Despite the market volatility, many cryptocurrency investors remain on the lookout for the next big payoff. Keep reading to learn which cryptocurrencies might explode soon.

If you’re looking to start buying cryptocurrency, you might be wondering which one will bring the biggest potential return. Although bitcoin might be the obvious choice, it’s not necessarily the best one today. Your chances of having a big payoff might be better with a new crypto to buy or a smaller coin that hasn’t already been pumped up by major investors the way bitcoin has done. 

>>>Buy Cryptos Now<<<

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

A Closer Look at the Next Cryptos to Explode 

Each of these cryptocurrencies has the potential to explode and make a huge return not just in 2022 but for many years to come. Their fundamentals are sound, and adoption could gain traction over time. 

1. Cosmos (ATOM)

Cosmos is overall the best crypto to explode with massive growth potential. It has emerged as one of the most advanced blockchain protocols in the market today. That’s because it is built to help connect blockchains by allowing for the free flow of data across Dapps. 

It is also one of the most advanced protocols in the market. Cosmos Tendermint is a protocol that requires only one block of validators to come together and agree on any given transaction. The algorithm has been specifically designed to be fault-tolerant. This makes Tendermints consensus more reliable than others because there’s no need for lengthy processing times or large groups attempting transactions simultaneously.  

Due to its capability to help the crypto market scale, especially when it comes to Web 3.0 applications, ATOM has the potential to grow exponentially in 2022. 

>>>Buy ATOM Now<<<

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

2. Fantom (FTM)

Fantom is one of the cryptocurrencies perfectly suited for the fast-growing Web 3.0 economy. Fantom is designed to help developers launch Dapps in a reliable, low-cost, secure, and high-speed environment. 

Fantom is increasingly growing in popularity because it is compatible with the Ethereum blockchain. This is a big deal because Ethereum is the largest Dapps platform in the market, and its dominance is not going away any time soon. In essence, allowing Ethereum Dapps developers to run their Dapps on a more efficient blockchain could drive up the value of FTM in 2022.

This coupled with the fact that key growth markets like DeFi, are gaining traction, makes FTM one of the most potential cryptocurrencies to explode and grow. 

>>>Buy FTM Now<<<

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

3. Ethereum (ETH)

Another crypto is set to explode in value is Ethereum. It is the number one platform blockchain in the market, and its dominance could go even higher in 2022.

That’s because a lot of the competition that was capitalizing on Ethereum scalability issues has been shown to have flaws. This has to a large extent, increased developer and investor faith in the Ethereum blockchain. 

Besides, the shift to the more efficient and scalable Ethereum 2.0 is almost complete. This means most of the scaling issues that Ethereum faces today are about to end. 

Ethereum 2.0 is also making Ethereum deflationary, which means the more the network is used, the more ETH is burned. 

A combination of these factors makes Ethereum a top trending crypto and one of the highest potential altcoin to buy today. 

>>>Buy ETH Now<<<

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

4. Decentraland (MANA)

Decentraland is a Metaverse platform that has grown strongly in popularity over the past year. 

In 2021, Decentraland made history when a virtual land worth $2.4 million was sold on the Decentraland platform.

Since then, a lot more land has been sold on the Decentraland platform, most of it worth upwards of $100k. Recently, Samsung built a virtual store on Decentraland, a pointer to how big the Decentraland Metaverse has become. 

With the excitement around the Metaverse growing, MANA has lots of prospects going forward. It is undoubtedly a high-potential cryptocurrency in 2022. 

>>>Buy MANA Now<<<

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

5. Sandbox (SAND)

Sandbox was one of the best performing cryptocurrencies in 2021. Most of its gains were towards the end of the year, driven by the launch of a new play-to-earn game called Alpha. 

Similar factors are likely to keep driving up the value of SAND in 2022. That’s because there are more play-to-earn games coming up on the Sandbox Metaverse in 2022. If the impact that Alpha had on Sandbox keeps repeating, then there is every reason to believe in SAND as an investment. 

On top of that, there is a lot of hype around the Metaverse, and it is only likely to get stronger. This puts SAND among the top most potential cryptocurrencies to explode. 

>>>Buy SAND Now<<<

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

6. Bitcoin (BTC)

Bitcoin can’t miss among the most potential cryptocurrencies to explode again. That’s because it is the market leader and pretty much determines the overall cryptocurrency market direction. 

Besides Bitcoin being the largest cryptocurrency, it also leads the rest of the market in adoption. Bitcoin is so adopted that even countries are taking it up as legal tender – El Salvador leads the way.

Institutions have also taken up Bitcoin with a lot of enthusiasm. Companies like Microstrategy and Tesla now hold billions worth of Bitcoin, and many more are buying up Bitcoin through ETFs. 

All this is happening against a tiny supply of Bitcoin that is capped at just 21 million BTC. When you put all these factors together, BTC stands out among the top potential cryptocurrencies to increase in value. 

>>>Buy BTC Now<<<

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

7. Axie Infinity (AXS)

Axie Infinity is one of the best altcoin to buy as the digital asset has the potential to explode in Value.  AXS was one of the best performing cryptocurrencies last year. This had a lot to do with the hype around the Metaverse and the fact that Axie Infinity has a lot going on within its ecosystem.

For instance, Axie Infinity has been investing in increasing its Metaverse ecosystem’s depth. In 2021, Axie Infinity announced that it completed a funding round where $150 million was raised.

Since then, Axie Infinity has achieved a lot in new product launches. With more play-to-earn games coming up on the Axie Infinity Metaverse, AXS can’t miss among the best crypto to consider.

>>>Buy AXS Now<<<

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

8. Chainlink (LINK) 

From a fundamental perspective, Chainlink is one of the strongest cryptocurrencies in the market today. This has a lot to do with its dominance in its core market. Chainlink dominates the decentralized data oracles market by over 60%. This is a big deal because as this market grows, so will Chainlink’s prospects as an investment. 

Besides, there are lots of growth prospects in its core market. Chainlink is all about connecting real-world data to smart contracts. In essence, as smart contracts increase in number, so does LINK’s potential. With DeFi and NFTs on a growth trajectory, LINK is set to explode. 

>>>Buy LINK Now<<<

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

9. Binance coin (BNB)

Binance coin is one of the most stable cryptocurrencies in the market today. And it has the most potential upside due to its mix of fundamentals and value growth. It is the cryptocurrency that powers the multi-billion dollar Binance ecosystem.

However, the biggest factor likely to drive BNB is the coin burn. This is the primary factor that has helped push BNB higher since its launch. It is also the key factor that could see the Binance coin rally even more, now that its adoption has its highest levels ever. 

Besides, with Binance constantly launching new products that add value to the Binance ecosystem, the value of BNB can only go up in the long run. 

>>>Buy BNB Now<<<

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

How To Spot the Next Big Cryptocurrency

Before figuring out which cryptocurrency might be the next big winner, it helps to understand why so many investors are gravitating toward cryptocurrency in the first place. Aside from the above cryptocurrencies, many others can emerge big winners in 2022. The big question now is, how do you determine potential winners?

While there is no sure way to determine winners, there are steps you can take to increase your odds of winning. Some of them are as below:

Look at the tech

Cryptocurrencies are not only a way to trade goods and services; they also serve as an investment vehicle. The value of Bitcoin accumulated over time because people saw its potential in its tech as a blockchain pioneer. 

Similarly, Ether can be used on the Ethereum Network, which is the world’s largest decentralized programmable computer.  

Both of these two cryptocurrencies have succeeded because the tech is strong. Using the same approach, focus on cryptocurrencies that have strong tech for you to succeed. The stronger the tech, the better the odds of success. 

The magnitude of the market the cryptocurrency represents

All new technology means that society will change in some way. The changes can vary from big (like smartphones) or small ones such as 3D printing for manufacturing industry professionals. 

In crypto, the bigger the change that the crypto can bring to the market, the higher its potential to perform well over time. Even in the past, cryptocurrencies that have a big potential market are the ones that have performed well. In essence, focus on the potential market size before investing in any cryptocurrency.

Look at the potential rate of adoption

Before investing in a cryptocurrency, it is important to look at its adoption rate and the potential for more adoption. The best cryptocurrencies are those with a high level of adoption and have the potential for more adoption. For context, Ethereum has grown to become the number one Dapps platform because it is decentralized and highly secure. 

Essentially, anyone who wants to launch a Dapp is sure that Ethereum will never go down, and curtail the operations of their Dapp. This is a factor that could see Ethereum keep growing in value over the years.

By applying the same principle to other cryptocurrencies, you can find other high-potential cryptocurrencies not just for 2022 but for many years to come. 

Consider the price 

It’s not just the price of a token that matters. How much you’re willing to invest also plays an important role in determining which tokens are worth your time and money, especially if there is more than one project available with similar features but varying prices – some may be cheaper while others cost more per piece. 

If you are low on capital, it would be best to go for cryptocurrencies trading in pennies or around a dollar. This helps you get more units of a cryptocurrency, a factor that can help you make more if the price moves significantly in your favour. 

Besides considering the units you can get, it is important to also consider your objective out of cryptocurrency investment. 

If you are a short-term investor, then you should wait and only buy when the price is down. This increases your odds of making a profit once the price goes up. However, if you are investing long-term, the price cycles don’t really matter. That’s because, in the long run, prices are likely to go up, making you a winner regardless of the time of purchase. 

For context, anyone who has withstood the multiple Bitcoin dips since launch is in massive profit at the moment. 

Consider the coin supply

The coin supply is an important metric when investing in cryptocurrencies. As a rule, always go for cryptocurrencies that have a fixed supply. Even better, go for coins that have a very low supply. 

The rationale is simple economics – when the quantity of a commodity is low and demand rises, the price goes up. However, when there is an infinite or a substantially large amount of a commodity, buyers can easily access it without pushing up the price.

To understand the importance of token supply, the top cryptos, Bitcoin, Ethereum, and BNB all have a pretty low supply. The exception to the rule is Dogecoin which has a pretty unlimited supply. However, you must understand that Dogecoin has Elon Musk constantly pushing it. An inflationary cryptocurrency without a similar advantage as Dogecoin may never go up in price.  

Look at the transaction volumes

The crypto market is a competitive one. It’s important that the coin or token you are investing in has liquidity so your investment can be easily converted back into fiat currency without too much hassle and lost value.

Besides the ease of converting back to fiat, high-volume cryptocurrencies also tend to be safer. The crypto market has a lot of pump and dump scams that capitalize on the unregulated nature of the market. In most cases, it is the low-volume cryptocurrencies that are prone to such schemes.  

>>>Buy Cryptos Now<<<

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

Conclusion

Throughout this article, we’ve looked at some of the most potential cryptocurrencies primed for explosive growth. There are lots of them, such as SAND and MANA, that have a lot of upside potential. These two are targeting an aspect of the market that is taunted to be potentially worth trillions of dollars.  You might also want to consider ATOM and FTM for their potential to take over the Dapps market and lead the Web 3.0 revolution. 

Thousands of other cryptocurrencies can give you incredible gains in 2022 and beyond. However, due to the high number of scams in the crypto market, you need to research before committing money to any cryptocurrency.

>>>Buy Cryptos Now<<<

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

Is Ethereum A Good Investment? Pros And Cons Of ETH

13

KEY POINTS

  • Ethereum is predicted to be the next trillion-dollar cryptocurrency. It benefits from a growing dApp and DeFi ecosystem.
  • While Ethereum will likely not overtake Bitcoin it is still an excellent investment opportunity. Ethereum has much larger goals than Bitcoin, it is a different kind of investment.
  • It isn’t too late to buy Ethereum. Ethereum is predicted to rise exponentially in price, and so it is still early to invest.

The cryptocurrency market continues the bearish trend that started earlier in the year. Without much big news, it is only natural to wonder, is Ethereum a good cryptocurrency to buy now?

This is a legit question, given that the world economy is expected to enter a recession in 2023. There is also talk of the Federal Reserve raising interest rates by up to 100 basis points.

With this in mind, is Ethereum worth buying now?

Let’s do an in-depth analysis of Ethereum to figure this out.

>>>Buy Ethereum Now<<<

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

Why Ethereum Worth Buying Right Now

If you are new to the world of Ethereum investing, you might be wondering if Ethereum is a good investment, or should I invest in ETH? Well, the easiest answers to those two questions is yes – Ethereum is likely a good investment and investing in Ethereum could pay off big time.

One of the biggest reasons to invest in Ethereum is Ethereum 2.0, an upgrade of Ethereum’s algorithm that will transition it from proof of work to proof of stake. If the transition is successful, it may increase the price of Ethereum immensely. But that’s just one of many reasons why investing in Ethereum could be profitable.

Ethereum has increased significantly since the start of last year, and it shows no sign of slowing down. Experts believe the ETH coin has plenty of growth ahead and that investing in Ethereum is a smart financial decision for the long-term. Therefore, it could be a good time to invest in Ethereum ETH while the coin is performing very well.

In this article, we’ll break all Ethereum-related myths circulating online and help you come to your own conclusion on if you should consider investing in Ethereum.

>>>Buy Ethereum Now<<<

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

Reasons Why Ethereum Is A Good Cryptocurrency To Buy Today

As Ethereum is the second-largest blockchain platform, many crypto experts believe that Ethereum is a good investment compared to other cryptos. Despite all the ups and downs in Ethereum’s history, analysts believe that Ethereum’s price could grow further in the long-term.

One of the factors that will influence investing in ETH in 2022 is Ethereum 2.0, the second iteration of Ethereum. Ethereum 2.0 will focus on energy efficiency and staking instead of mining. Note that proof of stake involves the active transaction validation and network support by holding funds in a crypto wallet to ensure safety.

Another reason to consider investing in Ethereum is the increasing use of blockchain technology, which attracts more and more successful crypto traders. Such technology can facilitate online payments, loan distribution, and commodities trading.

Ethereum is the largest and one of the oldest altcoins in the market today. Since it launched in 2015, Ethereum has given investors a pretty high return, up to 284,861.87%.

That said, the market dynamics are ever-changing, and how the market was between 2015 and 2017 is slightly different from what it is today. At that time, retail money was the key market driver. Today, institutional money is taking an even more significant role in the market, and there are many regulations.

With all these changes, it is pretty natural to wonder, is Ethereum a good investment today?

To answer this question objectively, let’s take an in-depth look at the advantages and downsides of buying Ethereum. For a start, below are 8 reasons why Ethereum is a worthy cryptocurrency to invest in now.

1. Ethereum Has Real-World Usage

There are a lot of cryptocurrencies that have no real usage besides speculative trading. In fact, a huge chunk of altcoins falls under this category. Ethereum is one of the top trending cryptocurrencies that have a high utility.

Ethereum use cases span from DeFi to NFTs. For context, all the best DeFi cryptocurrencies in the market today are Ethereum-based. Similarly, all top NFT cryptocurrencies like ApeCoin, Decentraland, and Axie Infinity are based on Ethereum.

Ethereum’s dominance in various cryptocurrency use cases has two advantages. The first one is that the demand for Ether tokens will grow going into the future. Secondly, investors seeking a mix of value growth and some element of stability will increasingly see Ethereum as a smart cryptocurrency investment.

The result could be an upsurge in the value of Ethereum once broader market factors become favorable to the cryptocurrency market.

If you are optimistic that these use cases could play a role in Ethereum’s value growth, then the next thing to consider is where to buy Ethereum safely.

Below are some of the best exchanges to buy Ethereum.

  • Coinbase
  • Huobi Global
  • Binance
  • eToro

 >>>Buy Ethereum Now<<<

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

2. Ethereum Is Becoming Environmentally Friendly

Environmental issues have become a major concern for investors across all markets. That’s because the world is heating up, and it is everyone’s responsibility to ensure that we leave behind a livable planet for future generations.

This is why cryptocurrencies with a low environmental footprint are becoming more attractive, especially to institutional investors. Ethereum has made significant strides on this front by changing from a Proof-of-Work algorithm to a Proof-of-Stake algorithm.

The shift started in 2020 and is almost complete in what is known as Ethereum 2.0. Once the transition is complete, Ethereum’s carbon footprint will be less than a percentage of what it is today.

That’s because rather than mining, which is energy-intensive, protecting the network will now entail buying tokens and being rewarded with more tokens for staking. This makes Ethereum attractive to institutional investors, who mostly have a social responsibility to their backers.

This could see Ethereum’s demand grow, making it a high potential cryptocurrency to invest in at current prices.

3. Ethereum Is Censorship Resistant

Lately, there has been an increase in censorship-related issues on the internet. Big tech companies have so much power and can determine what is said or not said on their platforms.

Ethereum is coming in as a solution to the issue of censorship, and that’s a big deal at this point. Ethereum is censorship resistant because it has no central point of control. This means no one can shut down Ethereum; by extension, the data stored on Ethereum cannot be stopped, not even by the government.

This factor could see even more Dapps launch on the Ethereum blockchain going into the future. Since it requires Ether tokens to launch Dapps on Ethereum, this rising demand will likely translate into a higher price for the tokens. That’s why Ethereum stands out as a highly undervalued crypto today. The price is low, but the potential demand is high.

4. Ethereum Has The Potential To Redefine The Internet

The internet is huge, and since it became a thing has changed the world as we know it. Today, billions of people are connected to the internet, and trillion-dollar companies have their origins in the internet age.

Now imagine a scenario where Ethereum changes the world as it is today and becomes a world computer. Since it launched, Ethereum has experienced a surge in popularity as a launch platform for decentralized applications.

This use case continues to grow, and today, Ethereum is used as a launchpad for all kinds of smart contracts. Ethereum is being used to digitize diverse assets in a decentralized environment.

As this adoption grows, so does the growth in popularity of Ethereum’s programming language, Solidity, which is further helping entrench Ethereum as the launchpad for Dapps.

This places Ethereum in a unique position to become the world’s largest and most important decentralized computer, effectively reshaping the internet. With time, multi-billion-dollar decentralized organizations with global influence will run on Ethereum, which is a big deal in terms of ETH’s potential value growth. It makes Ethereum a smart cryptocurrency investment today when adoption is still in its infancy.

5. True Decentralization Is Proving To Be An Asset

If you are still wondering whether Ethereum is a smart investment today, consider that it is one of the most decentralized cryptocurrencies in the market today. In fact, Ethereum is almost at par with Bitcoin when it comes to decentralization.

But why does Ethereum decentralization matter? For the last couple of years, it didn’t matter that much. Most of the top performing cryptocurrencies in the 2020/21 bull run were heavily centralized. Similarly, many top-performing Ethereum alternatives mostly have an element of centralization.

However, things are changing, and investors are beginning to realize that decentralization may be one of the most significant assets you can count on in this market. This followed the collapse of Terra, a $40 billion project, and the move by Celsius and a couple of other cryptocurrency platforms to limit withdrawals.

This is a wake-up call for investors that there is a risk in putting all your hopes in an individual or a single organization in an unregulated market like crypto.

The power of decentralization makes Ethereum a heavily undervalued cryptocurrency at current prices. More investors seeking a mix of safety and gains are likely to turn more to Ethereum going into the future.

6. Ethereum Tokenomics Are Changing

Since the hard fork of August 2021, Ethereum has experienced a massive change in its tokenomics. Unlike in the past, the more Ethereum is adopted, the more Ether is burned in the form of fees.

This was why Ethereum rallied from around $1k in August 2021 to highs of $4800 by December 2021. Going into the future, Ethereum is likely to get even more adopted thanks to its resilience even in tough market conditions.

With aspects of the market, like DeFi and NFTs, all likely to grow, the burn rate of Ethereum will accelerate. The result is that Ethereum’s price could go up exponentially as demand outstrips supply going into the future.

Of all the reasons to consider investing in Ethereum, this is probably one of those that make Ethereum a smart cryptocurrency investment in 2022.

7. Ethereum Is Handling The Competition Very Well

The Ethereum blockchain has faced a lot of competition since 2017, when its scaling issues became most apparent. This was followed by a rise of many Ethereum killers, all angling to dethrone Ethereum from its position as the number one Dapps platform.

However, none of these competitors have in the last 5-years managed to dethrone Ethereum from its top position. In fact, many of them fell by the wayside after the hype. This has a lot to do with the fact that many have focused on scalability and transaction fees at the expense of decentralization.

Now that Ethereum is about to eliminate its scaling issues by relying more on layer-2 solutions, it may be even more challenging for Ethereum competitors to compete. This will likely see Ethereum consolidate its position as the number one Dapps platform in the market. This gives Ethereum an edge in terms of adoption, a factor that also makes it a smart cryptocurrency investment to make today.

8. Ethereum Is Available On Most Exchanges

Still, wondering whether Ethereum is a good cryptocurrency worthy of buying now? Consider that it is one of the few cryptocurrencies that is listed on all exchanges, both big and small.

This is an advantage for Ethereum in that it will always be a liquid asset, one that investors can enter and exit at any given time. In a market as high risk as cryptocurrencies, this is a big plus. That’s because investors know they can easily buy and sell, depending on the prevailing market conditions.

>>>Buy Ethereum Now<<<

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

Drawbacks To Investing In Ethereum

While Ethereum is one of the best cryptocurrency investments with a huge upside potential, it is not without its issues. There is always the chance that Ethereum can underperform the market or even fail as an investment.

Just to help you make an informed investment decision, here are some risks to be aware of when investing in Ethereum.

The competition remains a threat

Despite Ethereum retaining its position as the number one Dapps platform in the market, the number of competitors is rising. Some of the newer ones are doing pretty well on key metrics such as security and decentralization.

This means there is a risk of Ethereum seeing a drop in its market share over time. The same could reflect in the price, in the form of ETH underperforming the broader market. It’s a risk that every investor should consider when investing in Ethereum.

The threat of hackers

Cryptocurrencies are always at the risk of bad actors, and Ethereum has seen its fair share of malicious attacks. For instance, back in 2016, Ethereum suffered a hack, and the Ethereum DAO lost $70 million. However, the community moved to restore the funds through a hard fork.

More recently, a 7-block reorganization of the Ethereum blockchain posed a threat, though the situation did not hurt ETH’s price. Nonetheless, it points to some of the risks that Ethereum and all cryptocurrency investors should be aware of before buying ETH.

That said, you can deal with these issues by investing in a diversified cryptocurrency portfolio. The idea is that, if Ethereum underperforms, you can be cushioned by the other cryptocurrencies in your portfolio.

Is Ethereum Worth Buying Today?

Up to this point, you know the pros and cons of Ethereum and whether it is a good cryptocurrency investment or not.

However, before you decide to buy Ethereum, below are a few of the things you should give priority to.

  1. Only invest in Ethereum through regulated exchange and brokers.
  2. Secure your account with a strong password.
  3. Once you have bought Ethereum, please don’t leave it on exchanges. Take it out and store it in either a hardware or a software wallet.
  4. Diversify your portfolio by investing in other cryptocurrencies as well. You don’t want market eventualities to catch you flat-footed investing in a single cryptocurrency.

If, up to this point, you are convinced that Ethereum is a smart cryptocurrency investment, let’s now take an in-depth look at the process of buying Ethereum.

>>>Buy Ethereum Now<<<

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

Ethereum Vs Solana – Which Is A Better Buy?

Solana and Ethereum are two of the best cryptocurrencies to invest in and top platform blockchains in the market today. Rather than choosing one, it makes sense to invest in the two of them. Both have the potential to become top-performing cryptocurrencies going into the future.

However, if you don’t have the resources and want to maximize on one of the two, then it may be more prudent to focus on Ethereum. The odds are that Ethereum could outperform Solana in the foreseeable future. Here’s why.

Ethereum has much bigger news coming up in the short term, and this could give it a much bigger price bump than Solana. The news is with regards to the transition to Ethereum 2.0. The process started almost two years ago and is expected to be completed by August 2022.

The impact this will have on Ethereum is huge and could see Ethereum lead the market out of the current bear market and into another bull market. The same is likely to see Ethereum outperform its competitors, making it a high potential cryptocurrency to buy in 2022.

Besides the hype, the transition comes at a time when the value of Ethereum’s decentralization is becoming more apparent to investors. This is after the almost overnight collapse of Terra a few months ago. This coupled with the fact that Ethereum is set to scale much better, could play well into its value growth going into the future.

Closely related to the transition to Ethereum 2.0 is that Ethereum has been deflationary for a while now. However, the token burn will accelerate once the transition to Ethereum 2.0 is complete. Since Ethereum adoption is among the highest in crypto, an increase in the amount of Ethereum burned as fees could see ETH outperform Solana going into the future.

Clearly, the odds are in favor of Ethereum over Solana. As such, if you are limited to an either-or, then Ethereum comes off as a better investment in the short to medium term. However, it is essential to remember that cryptocurrencies are volatile assets, and no one can predict the future with certainty.

As such, it makes sense to spread the risk on both Ethereum and Solana. Not only do you reduce the risks, but you also increase the odds of higher gains since Solana, too, is one of the most undervalued cryptocurrencies in the market today.

>>>Buy Ethereum Now<<<

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

Is It Too Late to Buy Ethereum?

No, it is not too late to buy Ethereum. Many crypto market analysts appear to be quite bullish on Ethereum and there is a general consensus that it will likely increase in value in the near future.

That said, there isn’t a clear consensus on how high Ethereum can reach. If that is the case, then buying now could be ideal and you could even call it ‘cheap’.

Does Ethereum have a future?

Yes, Ethereum does have a future. If anything, it is still only just getting on its feet as smart contracts, dApps and DeFi services grow in popularity. There is no urgent reason to suggest that Ethereum will not last for the next 10 or so years. That said, there are technical risks that are worth mentioning. The biggest is that Ethereum has an inflationary nature as it doesn’t have a cap on the total number of tokens that can be made.

What this means is that if a large number of Ether tokens were dumped into the market, it would decrease the value of everyone’s holdings.

Another key technical risk is Ethereum’s 2.0 upgrade to proof of stake. While this would likely make Ethereum even more popular, it is a significant change and if it doesn’t work out, it could be catastrophic to Ether’s price.

And finally, we need to consider Ethereum’s rivals (check ‘Alternatives to Ethereum’ below for more!).

Ethereum was announced in 2015 and back then the idea of smart contracts and dApps was brand new.

Fast forward to today, there are a lot of new cryptos promising to topple Ethereum in what it claims to achieve.

How safe is Ethereum?

Ethereum is largely considered safe. Like almost all cryptocurrencies, Ethereum uses blockchain technology to ensure itself against attackers.

As Ethereum’s network continues to grow, it will become more secure as having more nodes makes it harder for attackers to manipulate it. This is because the combined computing power of all the nodes on the network will be very hard for attackers to overcome.

Note that many of the hacks where Ether has been stolen did not happen on the Ethereum blockchain, but in cryptocurrency exchanges where tokens are stored in ‘hot wallets’.

To keep your Ethereum safe, store it in your own wallet, not on a cryptocurrency exchange!

>>>Buy Ethereum Now<<<

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

Conclusion: Is Ethereum A Good Investment?

Yes, investing in Ethereum is worth considering. For many, investing in Ethereum has proven to be a great decision.

In 2017, the price of one Ether token was $25, and by Early 2022 it had reached $3,409. In five years, the value of ETH had gone up 100x.

So, if you had invested $100 into Ethereum back in 2017, by now you would have had about $100,000 in Ethereum!

So is Ethereum worth buying? Right now, Ethereum is definitely considered a good investment. And, if you are looking to invest in it, now would probably be a good time to do so. While no investment is risk-free, investing in Ethereum has generated more than 10,000% return over the last few years. Whether you’re new to Ethereum investing or just curious about how to make the most of your investment, understanding what to know before investing in Ethereum is critical.

In the end, the final decision comes down to you. What kind of investor do you want to be? Figure out the answer to that question, you’ll definitely know if Ethereum is a good investment!

>>>Buy Ethereum Now<<<

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

Best Crypto Exchanges – Find a Crypto Trading Platform

10

Investors of all shapes and sizes now have access to a wide range of crypto exchanges. This means that from the comfort of home – you can buy and sell digital assets like Ethereum or Dogecoin at the click of a button.

In this guide, we list and review the best crypto exchanges investors are accepted at right now – in terms of safety, fees, supported coins, and more.

If you’re on the hunt for the best crypto exchange today – this guide compares the top eight providers to consider.

We examine core metrics of each crypto exchange – such as regulation, supported coins, fees and commissions, customer service, trading tools, and more.

Read on to get started with the best crypto exchange in under five minutes.

Crypto Exchange- Introduction

Several hundred cryptocurrency exchanges are listed online today, but we reviewed the leading, established crypto platforms with a good reputation in the crypto space. When you open an account with eToro or one of the other top-rated crypto exchanges, you will have to submit proof of identity, like a driving license or passport, before you can deposit funds and gain full access to services.

All transactions on the exchange incur fees. You may be required to pay a commission when placing orders for individual coins or on a trading exchange. Most crypto exchanges charge fees when depositing with a credit or debit card. The exception is that eToro does not charge fees for using debit or credit cards.

>>>Buy Cryptos Now<<<

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

The Best Cryptocurrency Exchanges In 2022

The ten best crypto exchanges in the market right now are those listed below.

  1. eToro – Overall Best Crypto Exchange
  2. Binance – The Largest Crypto Exchange by Trading Volume and Low Fees
  3. Coinbase – A Popular Crypto Exchange for Beginners, with a User-Friendly Interface
  4. Crypto.com – Best Exchange Where you Can Earn Interest from your Coins
  5. Huobi –  Top Crypto Exchange Suitable for Diversification of your Crypto holdings
  6. KuCoin – Known as “The Peoples’ Exchange”, KuCoin Offers Custodial and Non-Custodial Services
  7. Gate.io – Popular Crypto Exchange with a Vast Range of Markets and Coins and a Cold Storage Wallet Option
  8. Luno – Best Crypto Exchange App Suitable for Beginners, with a User-Friendly Interface
  9. Kraken – Well-Respected Platform for Trading Cryptos
  10. Gemini – US-based, Regulated Exchange with a Good Range of Fiat Currencies

 >>>Buy Cryptos Now<<<

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

The Top Crypto Exchanges Reviewed

When reviewing the best digital currency exchanges, we used a tried and trusted process to identify the top 5 exchanges:

  • Levels of regulation
  • Trustworthiness – good reputation
  • How many coins are supported?
  • Commissions and fees
  • Payment methods
  • Margin and leverage options available
  • Trading tools and features
  • Beginner-friendly
  • Security
  • Customer funds protection
  • Wallet options
  • Minimum deposit requirements
  • And much more

Factoring in the above criteria, we fine-tuned our list to the best crypto exchanges for 2022.

1. eToro – Overall Best Crypto Platform in the World

eToro is an excellent all-around digital currency exchange and secured top place as the overall best crypto platform for 2022.

With eToro, you have a choice of over 60 markets and coins, which you can buy and invest in the best cryptos for just $10. eToro fees are low, and you aren’t crippled by high costs when funding your eToro account. Some cryptocurrency exchanges charge more than 3% to deposit funds using your debit or credit card. eToro customers can deposit for free with the following options:

  • Debit or credit card
  • Skrill
  • ACH
  • PayPal
  • Bank wire transfer

In addition, it’s only $10 to open an account with eToro.

What Cryptos Can I Buy at eToro?

eToro lists some of the top crypto coins in the crypto space:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Cardano (ADA)
  • BNB
  • DASH
  • Monero (XMR)
  • Dogecoin (DOGE)
  • And many more

Another exciting option with eToro is the option to invest in DeFi coins like: –

  • Decentraland (MANA)
  • AAVE
  • Cosmos (ATOM)
  • SushiSwap (SUSHI)

Copy Trading with eToro

eToro is a world-leading platform in the cryptocurrency space for copy trading. It’s an excellent opportunity if you are a beginner because you can copy the trades of an eToro verified professional crypto trader. Although copy trading is a passive way to buy and sell COINS, you can learn to model the successful copy trader and start trading yourself.

The eToro platform also gives you access to ETFs, Forex, stocks, indices and commodities.

Does eToro Have a Crypto Wallet?

eToro offers users a user-friendly mobile wallet available as an app on iOS and Android, so you can trade, invest and store digital currencies on the go. The app connects directly to your eToro account. The platform also has a proprietary online wallet. With these options, you know that your cryptos are stored securely.

Is eToro Regulated?

Is eToro safe? eToro won the top position on the list of best crypto exchanges today because the platform is heavily regulated. It’s the primary reason over 20 million eToro clients trade and invest on the platform.

eToro Regulatory bodies include:

  • US Securities and Exchanges Commission (SEC)
  • Financial Industry Regulatory Authority (FINRA)
  • The Financial Conduct Authority (FCA)
  • The Australian Securities and Investments Commission (ASIC)
  • Cyprus Securities and Exchange Commission (CySEC)

The Key Features and Benefits of eToro

  • Number of listed coins – 60+
  • Number of trading pairs – 60+
  • Debit Card Fees – FREE
  • Fees to purchase crypto coins – the cost of the spread + 1%
  • Minimum eToro Deposit -$10 for US and UK users
  • Top-tier financial regulation
  • Accepts PayPal and debit/credit card deposits – many cryptocurrency exchanges only accept supported cryptocurrency
  • Beginner-friendly trading app
  • Low fees
  • Copy trading option
  • Availability of other financial markets, such as stocks and Forex

>>>Buy Cryptos Now<<<

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

2. Crypto.com – An Excellent Crypto Exchange to Earn Interest from Crypto Coins

Crypto.com lists over 200 coins, so it’s an excellent platform for diversifying your cryptocurrency investments. It’s quick and easy to open an account with Crypto.com, and verified account holders can buy cryptos with a debit card for a small 2.99% fee. If you’re new to Crypto.com, it’s worth asking if this fee can be waived as the platform often does for new customers.

Other deposit options are via a domestic bank wire or ACH, and there are no fees for these transfers other than 0.40% per slide on the arrival of the funds to your account. Crypto.com supports CRO, an altcoin that can help reduce trading commissions.

Crypto.com has a yield earning savings account that supports multiple coins with variable APY, depending on the length of the lock-up period you opt for, notably between one to three months.

Crypto.com also enables instant crypto loans where you can use your altcoins as collateral for a loan, meaning you retain ownership of your crypto but make interest from the loan. The platform has insurance that covers the loan in the event of a default.

As a top-rated cryptocurrency exchange, Crypto.com has one of the best crypto credit cards in the cryptocurrency space.

The Key Features and Benefits of Crypto.com

  • Number of listed coins – 200+
  • Number of trading markets – 400+
  • Secure mobile crypto wallet
  • NFT marketplace
  • Deposit options – Debit and credit card or bank transfer
  • Debit Card Fee – 2.99% though Crypto.com sometimes waiver the fee for new customers
  • Fees to purchase Ethereum (ETH) – Up to 0.40% commission
  • Minimum Deposit – $20 if using ACH
  • Crypto lending and saving services
  • Competitive fees
  • Crypto credit card

>>>Buy Cryptos Now<<<

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

3. Binance – Top Global Exchange by Trading Volume

Established in 2017, Binance has become the leading global cryptocurrency exchange by trading volume. The platform has a vast range of crypto assets and trading markets, and trading fees are highly competitive, with commissions starting at only 0.1% per slide. In addition, Binance has a native token, BNB, and if you hold this coin, you can access reduced trading fees.

The Binance trading platform, whilst user-friendly, enables advanced traders access to a range of trading tools for in-depth technical analysis. You can use the beginner-friendly interface to buy coins if you’re a crypto newbie. Fees are variable depending on your chosen deposit option. It’s free to deposit via bank wire or ACH. If you use a debit or credit card, anticipate a 4.5% fee and a further 0.5% instant buy fee. You can also deposit with a supported cryptocurrency.

Binance provides a secure downloadable wallet. The decentralized Trust Wallet links to your Binance account, and it is easy to use for trading or investing multiple crypto assets or DApps on the go. If you prefer, Binance also offers an online wallet, protected with 2FA identification and IP address white-listing. If you log in from a new device or location, Binance will require additional security checks.

Binance has a United States specific website. You can access Binance US if your state permits crypto trading and investing.

The Key Features and Benefits of Binance

  • Number of coins – 390+ (100+ for US clients)
  • Number of trading markets – 1660+ (229+ for U.S clients)
  • Debit Card Fee – 4.5% plus 0.5% buy fee
  • Fees to purchase Ethereum (ETH) – variable up to 0.10% commission
  • Minimum Deposit – variable, depending on the payment method
  • Trading fees – 0.10% per slide
  • Supports debit cards
  • Secure crypto wallet – Trust Wallet app or online wallet
  • Advanced technical trading tools

>>>Buy Cryptos Now<<<

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

4. Coinbase – An Excellent Cryptos Exchange for Beginners

Coinbase is undoubtedly one of the best crypto exchanges for beginners. Even the most inexperienced newbie can navigate the simple interface and buy coins with a debit or credit card. Coinbase fees of 3.99% for card payments can be more expensive than other top crypto exchanges. You can also deposit with Paypal, and ACH transfers are free.

Coinbase tends to list the top listed coins by market cap. The platform aims to protect its clients from potentially risky new cryptos with a low market cap. Coinbase lists crypto assets like:

  • Ethereum (ETH)
  • Dogecoin (DOGE)
  • Cardano (ADA)
  • Shiba Inu (SHIB)
  • Stablecoins like USDC and USDT

Coinbase security is excellent, with 98% of clients’ tokens stored in cold storage offline. 2FA is mandatory, adding extra layers of security to protect your coin holdings. You can keep your cryptos in the Coinbase online wallet or choose the non-custodial wallet, a downloadable app for iOS and Android devices.

The Key Features and Benefits of Coinbase

  • Number of coins -170+
  • Number of trading markets – 500+
  • Debit Card Fees – 3.99%
  • Fees to purchase Ethereum (ETH) -1.49% commission
  • Minimum Deposit – variable, depending on the payment method
  • Beginner-friendly interface
  • Payment options – debit/credit cards, Paypal and bank transfer
  • Excellent security

>>>Buy Cryptos Now<<<

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

5. Huobi – A Top Crypto Exchange for Diversification 

With over 500 coins and more than 1,000 trading markets, Huobi Global is an excellent exchange for diversification across the top DeFi coins. Many coins pair to USDT, a stablecoin, but other digital currency pairs are available.

For the more advanced crypto trader, Huobi offers crypto derivatives, covering a broad range of futures markets available to trade on margin.

Huobi’s native token is HT which can help reduce trading commissions. For instance, if you hold 10+ HT tokens, you receive a 10% discount, and 100+ HT tokens receive a 20% discount. Huobi commissions are reasonable at 0.20% per slide.

You can earn interest from yield generating altcoins on Huobi Global with generous, industry-leading APY rates, and typical lock-up periods are 7-14 days on average.

The Key Features and Benefits of Huobi Global

  • Number of coins – 500+
  • Number of trading markets – 1080+
  • Debit Card Fee – variable up to 3.9%
  • Fees to purchase Ethereum (ETH) – variable up to 0.20% commission
  • Minimum Deposit – variable depending on the payment method
  • Competitive trading fees
  • Multiple derivatives (check availability for your country)
  • Crypto savings accounts

>>>Buy Cryptos Now<<<

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

How To Choose The Best Crypto Trading Platform For You?

There are more than three hundred crypto exchanges listed on CoinMarketCap. For a beginner in the crypto space, it can seem like a minefield to figure out the best crypto exchange. This section lists the essentials for choosing the best crypto exchange for your needs.

Is the Exchange Regulated?

The leading cryptocurrency exchanges are licensed by one or multiple financial authorities. That means the platform must follow the strict rules and guidelines of the regulatory body or face the consequences. Considering that obtaining a license can cost a coin exchange millions of dollars, they have a vested interest in taking care of clients.

If you deposit funds with an unregulated exchange, you have zero redresses if anything goes wrong. For instance, eToro is registered with FINRA and licensed by the SEC, and Coinbase is too.

How Many Tradable Coins are Available?

You may know what altcoins you want to trade, so your first step is to find a regulated exchange from our list of best crypto exchanges that supports your favorite coin.

Crypto-USD Pairs

Crypto USD pairs are popular with cryptocurrency traders. They are typically available for most countries but check availability if you are in the United States. If the altcoin exchange has approval for providing cryptocurrency services to US clients, you can trade coin USD pairs

eToro is the Best Crypto exchange Today

We rated eToro as the best overall crypto exchange because you can trade most of the top listed cryptos against the US dollar. For instance, Ethereum (ETH), Cardano (ADA), Dogecoin (DOGE) and Shiba Inu (SHIB) are all paired to the dollar.

Crypto-USDT Pairs

Tether (USDT) is a stablecoin supposedly pegged to the US dollar. However, $USDT is not decentralized and is often a coin seen on unregulated exchanges. USDT is backed by a centralized entity, which means Tether can randomly issue new $USDT tokens. The consensus is to ensure the crypto exchange is fully regulated if you plan to trade $USDT pairs.

Crypto-Cross Pairs Pairs

Trading coin cross pairs can be risky because you are trading a pair containing two altcoins, significantly increasing volatility. For instance, if you trade DOGE/BNB, you are trading DOGE against $BNB. Trading crypto cross pairs is more suitable for advanced cryptocurrency traders.

Competitive Service Fees

Overall, the top crypto exchanges have reasonable or competitive fees. Depending on what service you use, always check you are happy with the costs before submitting an order.

Deposit Fees

Deposit fees are typically the most expensive if you use a debit or credit card. For instance, Coinbase charges 3.99%, and Binance is 4.5% and a 0.5% purchase fee. That’s a significant amount to add to your funds deposited. eToro rated the highest because credit and debit card deposits are 100% free, with deposits made with US dollars.

Most exchanges support domestic bank wire or ACH, and, typically, this service is free. Still, it won’t be acceptable if you are in a rush to buy coins, as you may have to wait a few days for funds to land in your account. Crypto.com is the exception because it enables instant ACH deposits for free.

Commission Fees

If you’re trading cryptos, you will have to pay a commission on your trades. For instance, if you purchased $1000 of any coin on Crypto.com, you’d pay 0.40% per slide, which equals a $4 commission fee. If you later sell your token holdings for $2000, the commission is $8.

Compare the above to a Coinbase transaction, with a commission of 1.49%. On the purchase, you’d pay $14.90 and on the sale, a whopping $29.80. Therefore, it makes sense to trade cryptos with an exchange with more cost-effective fees.

Transfer Fees

You may not wish to use the proprietary crypto wallet of your chosen crypto exchange. If you have a separate wallet, it’s best to check the fees of the exchange for transferring to your wallet. Fees are variable depending on the coin you wish to transfer. For instance, if you want to withdraw Ethereum (ETH) to your private wallet, Binance charges 0.002 ETH. The exact sum you’ll pay depends on the market price of Ethereum (ETH). Today’s price ($2018.96: 16.5.22) means your transfer fees total $4.03.

If you’re withdrawing small quantities of ETH, it can become expensive. eToro charges 0.5% for withdrawals, making it more cost-effective even for smaller withdrawals.

Cryptocurrency Wallet

Every cryptocurrency wallet is different in terms of how many tokens it supports, levels of security, fees and device types. The top exchanges all provide a proprietary crypto wallet.

eToro offers two wallets. You can conveniently leave your coins in the eToro online wallet or download the eToro app and transfer your cryptos.

Coinbase offers a self-custody wallet, and Binance has an online wallet or the Trust Wallet app. Huobi has a multicurrency wallet, and Crypto.com has a DeFi wallet.

Liquidity

If you wish to trade cryptos, you need an exchange with good liquidity and trading volume. Platforms without sufficient liquidity lead to unfulfilled orders and unfavorable prices. With poor liquidity, it can be tricky to sell your coins without losing significant value.

Thankfully, the best crypto exchanges in this review are all trading with good liquidity and trading volume.

Tools & Features

What tools and features are available on your chosen crypto exchange? The benefits are to make it easier to trade, invest or take part in any other services provided by the platform:

  • Technical analysis tools – you need access to chart tools to identify high probability trades. Look for a good range of technical indicators and real-time data. It can be helpful if the exchange integrates with the TradingView platform.
  • Copy Trading – when you’re a newbie to crypto trading and investing, the eToro copy trading service wins hands down for teaching you what the professional cryptocurrency traders do. You can select from a list of eToro verified traders and simply mirror their trades in your eToro account. There is a minimum investment requirement of $200, but you can stop the service at any time or switch to another copy trader if you wish.
  • Crypto News and Market Insights – it’s essential to stay on top of market news for your chosen coins or the crypto market. For instance, a random tweet from Elon Musk can send prices sky-high or plummeting to the ground. When he announced support for Dogecoin, the price of $DOGE tokens quickly rose by 40%.
  • Alerts – real-time alerts can be helpful in a volatile market like altcoins, and you can set it to send text notifications
  • Payment Methods – it’s helpful if a crypto exchange has a range of payment methods, like debit and credit card, PayPal, Skrill, bank transfers and cryptocurrency transfers. Before depositing, check the anticipated speed for crediting deposits for your chosen payment method.
  • Customer Service – Most of the top crypto exchanges provide 24/7 customer support. Most crypto customers find live chat to be the most useful support option.
  • Mobile App – Most leading crypto exchanges provide a downloadable app for iOS and Android devices. Having the app on your smartphone means you never miss a trading or investment opportunity if you’re on the move.

>>>Buy Cryptos Now<<<

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

How To Buy Cryptos From eToro Exchange

If you’re new to the cryptocurrency space, you may feel concerned about how to use a crypto exchange. For this guide, we’ll outline how to open an account with eToro, get your account verified, deposit funds and start trading.

Opening an account with eToro takes less than five minutes: –

Step 1: Open an eToro Crypto Account

Go to the official eToro website, register for an account and submit your personal details. Choose a username and secure password and write it down safely, or use an online password account like Roboform. eToro may request your social security number and ask a few questions about your trading experience.

>>>Buy Cryptos Now<<<

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

Step 2: Upload KYC Identification Documents

To get full access to eToro services, upload a copy of a government-issued ID, like a passport or driving license. Also, submit a utility bill or bank statement. On approval, eToro instantly verifies your account.

Step 3: Deposit Funds

Decide on your preferred payment option. If you’re depositing with US dollars, debit and credit card payments are free, and the minimum deposit is only $10. Alternatively, deposit by bank transfer or supported cryptocurrency.

Step 4: Search for your Chosen Crypto

Log in to your eToro account and click on the “Discover” tab and the “Crypto” tab. You’ll then see the complete list of coins listed on eToro. Alternatively, if you know the name of the token you wish to buy, you can type the name into the search box.

Step 5: Buy Cryptos

Once you have chosen your coins, place a buy order and enter the amount you wish to buy. eToro’s minimum is $10. When you are ready to complete the transaction, click on the “Open Trade tab.

You will need to place a buy order on your chosen crypto token and enter your stake in the’ Amount’ box.

Step 6: Send your Coins to a Secure Wallet

Finally, transfer your coins to your chosen wallet. It is a high risk to leave your cryptos on an open exchange.

>>>Buy Cryptos Now<<<

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

Conclusion

We’ve selected the best crypto exchanges. You now have all the information needed to choose the right exchange for your needs, considering security, trading tools, customer support, fees and commission, and supported crypto assets.

eToro came out on top for many reasons. As a crypto newbie, you can get started with eToro for only $10 and deposit with a debit or credit card for free. If you’re looking to trade the best altcoins right now – consider the user-friendly Toro platform

Trading or investing in financial instruments such as cryptos may not be suitable for all investors. It does involve risk and the possibility of a loss of capital. There are no guarantees for profiting from cryptocurrencies, and it’s advisable only to risk what you can comfortably afford to lose.

>>>Buy Cryptos Now<<<

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

FAQs

What’s the best Crypto exchange for day trading?

Day trading cryptocurrency requires good liquidity and trading volume. Any of the top exchanges are suitable for crypto day traders.

What is the best crypto exchange for US traders?

Not every exchange has approval for US trading, so it’s always best to check before opening an account. eToro is available in the United States. eToro USA LLC provides the US platform, registered with the Financial Crimes Enforcement Network (“FinCEN”) as a Money Services Business (“MSB”).

>>>Buy Cryptos Now<<<

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

Responding to the Biased Reader!

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Comment: you sound so good economically but sound biased politically…can you put me through why I feel that way?

My Response: It is not my fault. Your problem is that you see “Ndubuisi” as you read. If that name is “Adamu”or “Kunle”, or “Obot”, you get different meanings. You have already formed opinions when you see “Ndubuisi” on any political piece. It is your problem 100%. A young man was abusing commenters how I de-market APC for PDP, etc only for me to tell him that my Senator, House, State Assembly are all APCs in Abia State. In other words, my village voted APC. He has not commented since then. Your bias is not the content, it is just that you are reading the author before the piece.

I have done some experiments: pick a political post, put in a WhatsApp Group. Post them with Kunle, Obot, Ndubuisi, etc as the author, check the responses.  The same post will come with different interpretations. That is the problem. Your mind is biased, not my articles!

I had this conversation on my Facebook page https://lnkd.in/eVE8MDU9

Nigeria to Borrow N8.8 Trillion in 2023 to Fund Budget

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The president of the Federal Republic of Nigeria, President Muhammadu Buhari yesterday presented the 2023 budget proposal to the National Assembly, in which he proposed new loans totaling N8.8 trillion to partly finance a deficit of N10.78 trillion.

The total budget size is N20.51 trillion which is N750 billion above the N19.76 trillion approved by the Senate and the House of Representatives in the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) passed on Wednesday and Thursday by both chambers. 

According to President Buhari, while presenting the Budget, he said: “We expect total fiscal operations of the Federal Government to result in a deficit of 10.78 trillion naira. This represents 4.78 percent of the estimated GDP, above the three percent threshold set by the Fiscal Responsibility Act 2007. 

“As envisaged by the law, we need to exceed this threshold, considering the need to continue to tackle the existential security challenges facing the country. 

“We plan to finance the deficit mainly by new borrowings totaling 8.80 trillion naira; 206.18 billion naira from privatization proceeds and 1.77 trillion naira drawdowns on bilateral/multilateral loans secured for specific development projects/programs. 

“Over time, we have resorted to borrowing to finance our fiscal gaps. We have been using loans to finance critical development projects and programs aimed at further improving our economic environment and enhancing the delivery of public services to our people.” 

According to president Buhari, he described the 2023 proposal as a budget of ‘Fiscal Sustainability and Transition’.  He therefore noted that the principal objective in 2023 will be to “maintain fiscal viability and ensure a smooth transition to the incoming administration.” 

The intention of the federal government to borrow loans to clear up the budget deficit was necessitated when Senate President Ahmed Lawan lamented on the increasing trend of deficits in the nation’s budget.

The budget deficit in the current 2022 budget is about N7 trillion while the 2023 budget is N10.78 trillion.

Senator Lawan further noted that the situation becomes more unfortunate if the government factor in the Budget deficit estimated at N7 trillion and the grim prospect of its increase to about N11.30 trillion as presented in the 2023 – 2025 Medium Term Expenditure Framework / Fiscal Strategy Paper (MTEF/FSP). 

He said, “Your Excellency, we can reduce the deficit by stopping the oil theft. We can also consider other options to source more revenues for the government. Lawan suggested as he looks for measures to curb the deficits.

With conflicting figures, projections have put the country’s losses from this malaise at between 700,000 to 900,000 barrels of crude oil per day, leading to about 29 to 35 percent loss in oil revenue in the first quarter of 2022.

This represents an estimated total fall from N1.1 trillion recorded in the last quarter of 2021 to N790 billion in the first quarter of this year.

Lawan noted that oil theft has worsened recently as the loss has reached 1 million barrels per day, affecting efforts to meet the OPEC daily quota of 1.8million barrels per day.