Just got out of college and want to invest somewhere? Thankfully, the market is receptive to new members due to the slump caused by fear of a trade war. The prices are falling, and new coins are coming to the market. This makes the present the perfect time to get on the bandwagon. However, the bigger question is choosing the right coin.
After a week’s instability, the dip in prices is slowing down. Many long-term traders and market experts believe a turning point is coming soon. Therefore, traders and experts have filtered out the coins with the least financial risks. Here are some of the best tokens traders need to invest to see some positive impact on their investments.
Ethereum (ETH)
ETH might be seeing some turbulence, but it is still one of the heavyweights in the industry. ETH is considered one of the heavyweights of the DeFi and NFT landscape. This is why ETH boasts one of the heaviest volumes in the industry. The current global volume of ETH stands at 10% in the market. This is second to BTC, which holds 58.56%. Still, ETH is a great crypto for people looking to start with a stablecoin. However, ETH is infamous for its slow upgrades. Therefore, it raises concerns about its relevance and impact in the face of faster chains. Still, it is a great coin to begin with, as it has some potent benefits.
Solana (SOL)
Solana has become popular recently due to its low fees, near-instant finality, and accessibility. This has made SOL the second-biggest blockchain by Defi TVL. Aggregator data shows that the token is currently hovering at $19 and is considerably low from an earlier peak intraday. This shows the innate struggle that Altcoins are facing due to macroeconomic developments. However, recent expansion on stablecoin arrays and major partnerships with different regulatory bodies have lowered its reliability concerns.
Memecoins (PEPE & SHIB)
Memecoins are the unstable side of the crypto trading community. Memeoins can give very high returns but can also tank as popularity dwindles. These coins react exactly like memes. As popularity grows, the prices will soar, but things can change quickly if popularity dwindles. Therefore, investors need to factor in this uncertainty. Cryptocurrency Weekend Performance BTC ETH Altcoins
If someone is considering investing in memecoins, they could go for SHIB and PEPE. Both of these coins are currently dominating the meme coin market. Even though the current market slump did affect these coins, the overall graph is stable. Therefore, SHIB and PEPE are the perfect entry points in the market. Follow for more crypto news.
