The cryptocurrency market continues to be one of the most promising investment alternatives. However, it must be taken into account that one of its main features is its volatility. Recently, the catastrophic fall suffered by Bitcoin generated more than one alarm. However, fortunately for many, the most popular crypto in the market managed to recover quickly. But, what are the safest alternatives when it comes to investing? Here we talk about some of them and the cryptocurrency prices.
Cardan (ADA)
This cryptocurrency was founded in 2017 thanks to Jeremy Wood and Charles Hoskinson. One of its main features is that it implements specific mathematical principles in its consensus mechanism. It has become one of the options that has experienced the most marked growth in recent times. In fact, only during the past year it managed to multiply more than fifty times its value. Its volatility is also relative, let’s not forget that not long ago it fell to 0.42 USD, although during the second half of July it experienced a new increase until it recovered 18% of its value, a trend that, according to the forecasts will hold in the future.
Ethereum (Ether)
Its origin dates back to 2015 and was the result of the needs derived from the app market. Their creator, the programmer Vitalik Buterin, designed them as an exchange tool in the field of collaborative applications. Today it is one of the most popular cryptocurrencies on the market. Only during the month of July its value has experienced a growth of almost 50% shortly after the data related to the inflation of the United States were made public. Analysts predict a sustained growth that will place its value above 1,500 USD.
Bitcoin (BTC)
It is by far the most popular cryptocurrency and also one of the first. Its launch took place in 2008 as the project of several people grouped under the name of Satoshi Nakamoto. Although it was an ambitious bet, nobody really expected that it would reach such exorbitant values. However, alarm bells were recently raised when its value fell by approximately 70% of its value, further evidence of the segment’s volatility. Despite everything, although the decline occurred in June 2022, it managed to recover during the month of June reaching more than 20,000 USD. In addition, according to forecasts during this month it will reach USD 23,000 without problems.
Litecoin (LTC)
Its creator was Charlie Lee, a former Google employee. The project was conceptualized as a peer-to-peer option and came to light in 2011. One of its main features is its usefulness for speeding up the formalization of instant payments from any corner of the planet with practically no costs associated with the operation. Its main fracture occurred in May 2021, going from having a value of 372.17 USD to one of 177.28 and also occurred in a period of ten days. Currently, its value is almost double what it was during November 2021. Today its shares are hovering at 52 USD.
Dogecoin (DOGE)
It was developed by a former IBM worker named Billy Markus and its market launch was formalized in 2013. Its origin dates back to a simple meme. Dogecoin today holds one of the best valued positions in the cryptocurrency segment. Its reason is due to the unstoppable growth that its price has experienced over the years. Only during the month of July it registered an increase of 0.06 USD. Additional factors have also influenced its evolution, such as, for example, the massive promotion it has received from celebrities such as Elon Mus. Forecasts say that it is one of the safest alternatives and that with relative certainty, its value will continue to increase in the coming months.
Polkadot (DOT)
Its emergence came in 2017 and was presented by its creator Gavin Wood as an alternative solution to the limitations and vulnerabilities that existed within Ethereum. Over time it has managed to position itself as a highly interesting option. On the one hand, it is one of the most affordable proposals that we can find (throughout the month of July its price was located at 7.73 USD). On the other hand, it is one of the most interactive cryptocurrencies. Currently, its price remains within a clearly upward trend.
Chainlink (LINK)
Sergey Nazarov managed to acquire great recognition within the cryptocurrency segment thanks to its launch in 2017. Today it is pointed out as one of the best, among other things, because it is an agnostic blockchain platform, it has great scalability and its price. it is one of the most affordable, at present, it is 7 USD.
