The 7 Best Cryptos to Buy Now
, 2022-10-24 14:44:28,
The best argument for investing in the best cryptos now is that they are severely discounted.
The stock market has slumped sharply as the Fed continues to wage its battle against inflation by raising interest rates. That has resulted in the major indexes significantly dropping in value. For example, the S&P 500 is down approximately 21% in 2022, while the Nasdaq has slumped about 30%.
The crypto market’s losses have been worse than those of the stock market. In 2022, cryptos’ market capitalization has fallen more than 58%.
That relatively deeper discount means that crypto may rebound to a greater extent than stocks.
But the best cryptos to buy now should also be relatively safe in order to protect investors from excessive risk. So here are seven large-cap cryptos for you to consider.
| BTC | Bitcoin | $19,367 |
| ETH | Ethereum | $1,346 |
| ADA | Cardano | 36 cents |
| XRP | XRP | 46 cents |
| SOL | Solana | $28.50 |
| USDT | Tether | $1 |
| BNB | Binance | $274 |
Bitcoin (BTC)
Source: shutterstock.com/Maestro-0111
Bitcoin (BTC-USD) has the strongest brand in the cryptocurrency space. While Bitcoin wasn’t the first cryptocurrency, it was the first to become popular among a significant percentage of the public . And the crypto has taken the baton and continues to run with it. It is now the most influential cryptocurrency and accounts for a large percentage of all the capital that is invested in cryptos.
In fact, Bitcoin accounts for $370 billion of the $920 billion of capital…
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