Cryptocurrencies are trending worldwide. It seems like ages when only a select range of investors was keen on investing in crypto. In present times, there is hardly any person remaining who hasn't thought about investing in cryptocurrency. This can be due to the biggest cryptocurrency crash due to China's ban in 2021 or because of the controversial tweets from famous entrepreneur and all-rounder Elon Musk and many organizations accepting Bitcoin as payments.
As you know, the crypto market is not stable, this can drive higher ROI or incur a massive loss in the short term. And popular cryptocurrencies can hit the highest price or experience a massive drop at any time, even before investing. Considering the performance of the last one week, major currencies like Bitcoin, Ethereum, and Cardano are running red here is the list of top cryptocurrencies to buy this weekend in September 2021:
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition on Avalanche.
Terra is a blockchain protocol that uses fiat-pegged stable coins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
Cosmos bills itself as a project that solves some of the "hardest problems" facing the blockchain industry. It aims to offer an antidote to "slow, expensive, unscalable and environmentally harmful" proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains. The project's other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps.
Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." The meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and Tweets from personalities like Elon Musk and Vitalik Buterin.
Celo is a blockchain ecosystem focused on increasing cryptocurrency adoption among smartphone users. By using phone numbers as public keys, Celo hopes to introduce the world's billions of smartphone owners, including those without banking access, to transacting in cryptocurrency. The network also allows for the creation of smart contracts and decentralized applications (DApps) as part of decentralized finance (DeFi). Its main net was launched in April 2020.
OMG Network, formerly known as OmiseGo, is a non-custodial, layer-2 scaling solution built for the Ethereum blockchain. As an Ethereum scaling solution, OMG Network is designed to allow users to transfer ETH and ERC20 tokens significantly faster and cheaper than when transacting directly on the Ethereum network.
TrueUSD is a U.S. dollar stable coin pegged to USD at 1:1. First launched to a limited investor base in January 2018, TrueUSD has since grown to incorporate almost $400 million of backed tokens as of October 2020. TrueUSD is one of many cryptocurrency stable coins administered by TrustToken, a platform for tokenizing real-world assets.
As exciting as blockchain is, it can leave much to be desired with transaction speeds and throughput. The Celer Network (CELR) is a smartly designed layer-2 scaling solution that provides off-chain transactions handling. The Celer platform offers fast, simple, and secure off-chain transactions for both payments and smart contracts. The project was among the first to be developed using the Substrate framework and is part of the Polkadot ecosystem.
HUSD is a secure, reliable, and fiat-collateralized stablecoin. It combines the stability of the US dollar and the efficiency of blockchain technology. Additionally, it provides holders with a tool to reduce volatility when trading in the cryptocurrency market. When designing the project, the development team focused on security, liquidity, and convenience. HUSD was created to provide price stability to attract a serious crypto trading audience and simplify interactions with global markets.
Velas is an AI-powered delegated Proof-of-Stake (AIDPOS) blockchain, open-source platform, and wide-scale ecosystem of decentralized products. At the heart of its ecosystem is AI technology, which leverages blockchain by optimizing its performance and assisting other products to function.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.