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Of late, cryptocurrencies have garnered attention from everywhere across. Be it the market crash or the bounce back, these digital currencies have never failed to make it into the headlines. Now that the cryptocurrency market is seeing an upward trajectory, there cannot be a better time than now to invest in them. No wonder, Bitcoin is one of the favorite investments but there are several others that are worth giving a try. That said, have a look at the top cryptocurrencies to buy this week.
No wonder, this cryptocurrency finds itself in the portfolio of most of the investors. However, what makes it worth buying at this moment is the combination of the market crash and Elon Musk stepping away from making payments in the form of Bitcoin for Tesla. With Bitcoin currently trading somewhere between $35000 and $37000, the investors can consider it to be a good option for they know that the price would increase in the coming days. Thus, investing now would fetch the desired results.
After Bitcoin, all eyes turn towards Ethereum – the second largest cryptocurrency in the market. However, getting things straight – this cryptocurrency deserves way more attention than what it is getting now. The reason is simple – its blockchain technology is something that forms the base of several other cryptocurrencies. Additionally, with certain competing blockchain claiming to process transactions faster and at lower fees, Ethereum grabs the attention for being the largest and go-to blockchain for DeFi. What everything boils down to is that investing in Ethereum is worth it, without a doubt.
Now that we have discussed how good an investment option Ethereum is, there is yet another cryptocurrency that works in a similar manner to that of Ethereum. Right from smart contract technology to faster processing, EOS is similar to Ethereum and stands as its tough competitor. With the kind of potential EOS holds, buying it right away could be a smart decision to take.
The ones who have been regularly following the cryptocurrency market are well aware of the fact that Dogecoin has worked wonders for a lot of investors. Comparing the current value of this cryptocurrency to the time it had made its entry into the market, the figures leave everyone awestruck. The extent to which this cryptocurrency has risen over the years is what makes it stand out from the rest. Though the current levels of this meme coin might not be convincing enough for the investors to buy, however, the final call pertaining to the risk factor is yours. If you possess the risk-taking ability then buying Dogecoin shouldn't bother you in any manner whatsoever, and if you aren't willing to take many risks, waiting until the time the price reaches your desired range is advised.
The reason why this cryptocurrency has grabbed attention is because of the features that it possesses. Litecoin has features that are somewhat close to Bitcoin. If looking for an investment that is similar to Bitcoin in a variety of aspects, be it in the form of processing speed, security, etc. but has a lower fee, there cannot be a better option than Litecoin.
With everyone showing an inclination towards the cryptocurrency market and the belief that the cryptocurrencies would boom in the days ahead, wait no more and build your portfolio now
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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.
