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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.
Can I Invest In Cryptocurrency?
Yes, with exchanges like WazirX, you may invest in cryptocurrency in India. To begin, go to the WazirX website and register. After that, you will receive a verification email. The link received by verification mail will only be available for a few seconds, so make sure you click it as quickly as possible. This will successfully verify your email address. The following step is to set up security, so choose the best solution for you. After you've set up the security, you'll be given the option of continuing with or without completing the KYC process.
How Safe Are Cryptocurrencies?
Cryptocurrencies can be safe, but your crypto wallets can be hacked if proper security steps are not performed.There are also dangers and uncertainties associated with investments, and we cannot declare any virtual currency investment risk-free. Buying and selling cryptocurrencies does not have to be dangerous if the trader is well-versed in the market and treats his coins with care.
Is Crypto Legal In India?
Cryptocurrencies are legal in India, and anyone can purchase, sell, and exchange them. It is currently uncontrolled, as India lacks a regulatory structure to oversee its operations. Per the Ministry of Corporate Affairs, companies must now record their crypto trading/investments within the financial year. In cases where a person receiving the gains is an Indian tax resident, or the cryptocurrency is regarded as domiciled in India, cryptocurrency transactions have been taxable in India
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 The Safest Cryptocurrency To Invest In?
Bitcoin has had the highest market capitalization, has been around the longest, has the most experienced development team, and has enormous network impact and brand recognition. As a result, while trading cryptocurrencies, the rate of return on Bitcoin is commonly used as a benchmark. However, the risks associated with cryptocurrencies remain, and the safest cryptocurrency for you depends on your analysis.
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.
What Is Cryptocurrency?
A cryptocurrency is a digital currency secured by encryption, due to which chances of activities such as counterfeiting and double-spending taking place get close to impossible. Cryptocurrencies get created on blockchain technology ( a distributed ledger enforced by a distributed network of computers). Cryptocurrencies are unique in that they do not get issued by any central authority. The term "cryptocurrency" comes from the encryption techniques used to keep digital currencies and the network safe.
Is Cryptocurrency Safe To Invest In?
Cryptocurrency investments are subject to market risks, but if sufficient security measures are not taken, trading accounts can be maliciously accessed. Investments come with risks and uncertainties, and we cannot claim that any digital currency investment is risk-free. Buying and selling cryptocurrencies can be risky even if the trader is knowledgeable about the market and treats their coins carefully.
Is Cryptocurrency Banned In India?
No, cryptocurrency is not banned in India. India has seen its ups and downs in the crypto sector concerning its legal status. The Reserve Bank of India (RBI) issued a circular in April 2018 advising all organizations under its jurisdiction not to trade in virtual currencies or provide services to assist anyone in dealing with or settling them. A government committee proposed outlawing all private cryptocurrencies in mid-2019, with up to ten years in prison and severe penalties for anyone dealing in digital currency. The Supreme Court overruled the RBI's circular in March 2020, allowing banks to undertake cryptocurrency transactions from dealers and exchanges.
Is Pi Cryptocurrency Safe?
Pi Network (PI) is the newest digital token to catch the cryptocurrency community's interest, even before it has wholly debuted. Some users see it as a chance to get engaged in a cryptocurrency 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.
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.
