The market for cryptocurrencies constantly surprises investors, mainly due to the news regarding the appreciation of certain coins. But do they exist cryptos which are more advantageous than others? According to one expert, yes.
The best person to choose the correct investment strategy is the investor himself. However, Listening to professionals who have experience and solid knowledge on the subject can expand horizons. Check out the 5 best below cryptocurrencies for 2022.
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Best cryptocurrencies: BTC, DOT and XMR
In recent weeks, the Bitcoin (BTC) has fallen a lot and this could cause some impacts on the market. With this fall, the tendency is for investors to start buying the currency, as it now has interesting prices.
From that, the trader professional Rakesh Upadhyay, contributor to the portals ''oilprice.com'', ''hacked.com'' It is ''exchangerates.org.uk'', carried out analyzes that can help anyone who is thinking about buying new coins.
According to Rakesh, just like the Bitcoin, to the cryptos Polkadot (DOT) and Monero (XMR) can be great options for the moment. This would happen because, according to the price charts, both would be close to appreciation.
Furthermore, the most interesting thing is that the prices of cryptocurrencies are low when compared to the Bitcoin. DOT is at around US$ 19 and XMR is at US$ 300. This makes it an excellent time for new purchases.
O Bitcoin, despite currently depreciating in value, it is still a good option. Rakesh explains that the market for coins is very unstable and soon BTC may rise again.
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Other cryptocurrencies to watch out for: APE and CAKE
O trader professional states that, just like the stock exchange, the market for cryptocurrencies is integrated. In practice, this means that if a certain currency appreciates or depreciates, it will probably the change will have effects on other coins.
And this time it's no different, since the most famous currency in the world, the Bitcoin, is in the process of decline. Just like the coins DOT and XMR, other options should also be in investors' sights.
This is the case of cryptos ApeCoin (APE) and PancakeSwap (CAKE), which have very attractive prices at the moment. Even more so, according to the trader, they can increase in value in the long term and gain even more popularity in the market.
All of these analyzes are based on the exponential moving average (EMA), which helps to understand how an asset may behave in the future. At the moment, APE is worth about US$ 24 and CAKE is worth US$ 7.71.
And for investors who are starting out in this market and looking to invest a smaller amount of money, there are very valuable techniques. Check out how to buy below cryptocurrencies and what is the best way to start investments.
Where to start?
Technology has transformed several areas, including the economy. In this sense, investing has become increasingly safer and offers new possibilities. But many people are left with the right fear when entering new markets, such as cryptos.
However, be aware that coins have encryption as their ''ally'', recording all movements and destinations complete. This makes it easier to understand the potential of these investments.
The first step is to open an account with a exchange, which function as brokers in this market. There are currently several, such as Bitcoin Market, Binance, CoinEx, among others. This way, you will be able to buy and sell cryptocurrencies.
Then try to update yourself on the subject, searching for news on reliable portals and learning from market experts, whether on websites, videos or books. This way, you will be able to have greater control over your investments.
Finally, remember to protect yourself against scams and never accept proposals through informal channels, such as Instagram and other social networks. Make purchases and sales on reliable platforms, thus protecting your money.
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