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As we are halfway through 2022, being a crypto enthusiast, you must be aware that the crypto market has faced some significant downfalls and crashes. On a positive note, let’s hope things get better or stay stable. All you need to do is HODL harder and not lose hope; we already know how volatile is the crypto market.
We are back with a list of the top crypto to invest in in July 2022.
Being in the crypto industry, you know how intriguing this crypto-verse is getting day by day, you can see new cryptocurrencies launching frequently, and they are unique in their own ways. As an investor, whether you are a newbie or a seasoned one, you may get overwhelmed with the characteristic features of these coins coming up in the market.
If you want to diversify your portfolio and include cryptocurrencies that have some unique purposes, you should consider reading the following list of cryptocurrencies to buy in July 2022.
#1 Bitcoin (BTC)
As a newbie crypto investor, when you look at the top crypto to invest in in July 2022, Bitcoin (BTC) should be on your list. Today, no matter what the market conditions are, BTC is the most prominent crypto asset when it comes to market capitalization.
In the first few months of 2022, Bitcoin was stuck between the price levels of approximately $18,000 – $22,000 in terms of price and valuation. However, according to experts and their price predictions, BTC can reach above $75,000 by the end of 2022. So, if you want to buy and hold crypto for the long term, Bitcoin is your answer.
#2 Ethereum (ETH)
Looking for the best cryptocurrency to buy in July 2022? Ethereum is always the safest option, whether you are new to crypto investments or an experienced one. Today, most crypto projects are built on the Ethereum blockchain. In addition, most of the meme coins and metaverse projects launching today use the Ethereum blockchain, so when it comes to finding the top crypto to invest in in July 2022, Ethereum should be the default answer.
Launched in 2016 with an initial price of $10 and reaching an all-time high of $3,550 in 2021, Ethereum has the potential to be a good investment option for you in the long term.
#3 ApeCoin (APE)
Looking at another top crypto to invest in in July 2022 is ApeCoin (APE). This meme coin was recently launched in 2022 by the Bored Ape Yacht Club (BAYC). The platform has over 10,000 unique Bored Ape collectibles in the form of Non-Fungible Tokens (NFTs). This coin is considered one of the best altcoins to purchase as it is based on the Ethereum blockchain technology.
After the launch, the prices of the APE coin went up to $42 per token. Initially, the ApeCoin project was developed as a Metaverse crypto project. It allows crypto traders and investors to make online purchases through Shopping.io. In addition, the users get access to products from eBay, HomeDepot, Amazon, and Walmart.
You can consider this popular meme coin to diversify your portfolio this July.
#4 DogeCoin (DOGE)
For potential gains in 2022, DogeCoin (DOGE) can be considered as best cryptocurrency to buy in July. DogeCoin gained popularity last year because Elon Musk often tweeted about it, and due to this, the meme coin gained huge returns.
DogeCoin has been in the top 20 list of the most popular cryptocurrencies globally. According to industry experts, the price prediction of DogeCoin is estimated to go beyond $1 by the end of December 2022. Buying the DOGE token will let you enter the market at a considerable discount, which means you buy DOGE today at a price that is almost 82% lower than its predicted rate.
#5 Solana (SOL)
The next cryptocurrency to buy in July 2022 should be Solana (SOL). Solana is an open-source project that uses decentralized blockchain technology that allows the deployment of smart contract agreements. Solana project was started five years ago but was officially launched in March 2020.
Solana is considered one of the hottest cryptocurrencies, continually making new all-time highs and gaining traction globally. According to its price predictions, the SOL coin is expected to rise by over almost 450% in 2022 and can reach above $450 per token.
#6 Cardano (ADA)
Another top crypto to invest in in July 2022 is Cardano (ADA). It is a popular, fast-growing blockchain technology that is secure and sustainable. In addition, this platform employs a Proof-of-Stake (PoS) algorithm to achieve consensus. As a result, it is considered a more scalable network when compared to Proof-of-Work (PoW) chains.
Its native token ADA has gained popularity as one of the increasing numbers of PoS blockchains under construction in the crypto ecosystem. The Cardano project is a third-generation blockchain system that supports smart contracts with potential uses in supply chain management and quality control.
Experts suggest that this coin will bloom in the coming time. This is because the digitization of money will significantly impact the market; hence it’s evident that coins like Cardano (ADA) will only rise up and above.
Closing words
With new cryptocurrencies being launched in the market every now and then, we keep you updated on the top crypto to invest in every month. Of course, it’s always best that before you buy any coin, you should DYOR and make an informed decision about the tokens you want to buy.
To have a safe, secure, and hassle-free trading platform, head towards WazirX and enjoy a seamless and smooth trading experience. Also, if you want to get knowledge of P2P trading on WazirX, click here.
Frequently Asked Questions
Are Cryptocurrencies A Good Investment?
Cryptocurrency has the potential to make you extremely wealthy, and the potential to cause you to lose your money. Crypto assets, like any other investment, come with many risks and potential rewards. Fundamentally, cryptocurrency is an excellent investment, particularly if you want to gain direct exposure to the demand for digital currency.
What Are The Best Cryptocurrencies To Invest In?
The best cryptocurrencies to invest in would be the ones you study and analyze in detail. Some of the most popular cryptocurrencies include Bitcoin, Ethereum, and many altcoins such as Tron, Ripple, Litecoin, etc.
Are Cryptocurrencies Legal In India?
In India, cryptocurrency is legal, and anyone can buy, sell, and trade it. Because India lacks a regulatory system to regulate its operations, it is presently uncontrolled. According to the Ministry of Corporate Affairs, companies must now document their crypto trading/investments inside the financial year.
What Is Crypto?
Crypto or a cryptocurrency is a digital currency protected by cryptography, making counterfeiting and double-spending nearly impossible. Blockchain technology is used to produce cryptocurrencies (a distributed ledger enforced by a distributed network of computers). Cryptocurrencies are distinct in that a government does not issue them. The word "cryptocurrency" refers to the encryption methods employed to keep digital currencies and the network secure.
How To Invest In Cryptocurrency In India?
There are two ways of investing in cryptocurrency, mining and via exchanges. Cryptocurrency mining is the process of verifying and adding transactions between users to the blockchain public ledger. Purchasing cryptocurrency in India is a straightforward procedure where investors simply participate by registering with a crypto exchange such as WazirX. After registering for an account, citizens can trade multiple cryptocurrencies, store cryptocurrency in wallets, and more.
Is Mining Cryptocurrency Legal?
Cryptocurrency mining can be time-consuming, expensive, and sporadically profitable. Mining has an appeal for many cryptocurrency enthusiasts as miners are paid directly with crypto tokens for their efforts. The legality of cryptocurrency mining is dependent on where you live. In India, there is no restriction on crypto mining.
Is Ethereum Safe To Invest?
The Bitcoin market is unquestionably more volatile than the stock market. This may not be the market for you if you are incredibly risk-averse. Ethereum, on the other hand, may be a terrific investment for you if you're a diamond-handed investor who won't lose sight of short-term losses. Ethereum is a relatively safe investment as it is also based on blockchain.
How To Invest In Cryptocurrency Stocks?
Cryptocurrency can be purchased in two ways: through mining or exchanges. The process of confirming and adding transactions to the blockchain public ledger is known as cryptocurrency mining. Cryptocurrency exchanges are another option. Exchanges make money by charging transaction fees, but there are alternative platforms where you may communicate directly with other cryptocurrency traders.
Is Pi Cryptocurrency Safe?
Pi Network captured the crypto community’s interest even before it officially debuted. Its innovative mobile mining approach and user-friendly design simplify crypto adoption for a broader audience. Some users see this as a chance to get engaged in the crypto from the beginning and profit in the future, similar to how early Bitcoin adopters made huge profits by mining and keeping the coin. Other users have compared Pi to a worthless multi-level marketing (MLM) scheme.
What Is The Meaning Of Crypto?
A cryptocurrency is a digital currency that is secured by the process of cryptography, making counterfeiting and double-spending almost impossible to happen. Blockchain technology is used to produce cryptocurrencies ( a distributed ledger enforced by a distributed network of computers). Cryptocurrencies are distinct in that a centralized authority does not issue them.
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
