In the last 30 days (ended September 6), the best performing cryptocurrencies among the most consistent projects in the market were SOL (from Solana) and ADA (Cardano), with 272.12% and 94.29% high, respectively.
The good performance of the currencies followed the recovery of bitcoin, which in the same analysis period appreciated 18.60% and was trading, at the time of this writing, above US$ 51.6 thousand, according to CoinMarketCap.
In the seven days between August 31 and September 6 alone, Solana, which is now part of the Top 10 cryptocurrencies by market capitalization, had a 40.10% appreciation. Its token, on September 6, was quoted at US$ 145. Cardano, which valued 2.55% in the same period, had its token quoted at US$ 2.86.
The Solana project, launched in 2020 by the Solana Foundation, uses blockchain technology to create solutions in decentralized finance (DeFi). Its main innovation is the combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms. This provides greater speed than Ethereum, as well as lower fees for users.
The recent appreciation has been driven by increased institutional interest and the boom in non-fungible tokens (NFT) and DeFi.
Ranked third among the top cryptocurrencies, Cardano (ADA) is considered one of the most consistent projects on the market. Founded in 2017, the company is regarded as the first blockchain platform built through peer-reviewed research, ensuring greater protection and scalability.
Cardano technology is the third generation of cryptocurrencies, the first being bitcoin, and the second Ethereum.
What are the best cryptocurrencies to invest in 2021?
There is no correct answer to this question. The best cryptocurrencies to invest in are the ones that represent a project that will solve some problems related to the cryptocurrency market.
In such a context, new blockchains, such as Solana, and decentralized exchanges such as Serum, have proposed to provide innovative solutions, either to improve the security, speed, and scalability of blockchains or to provide fully decentralized financial services.
What is the best cryptocurrency exchange?
The cryptocurrency brokerage market is becoming increasingly competitive. There are several platforms for buying and selling cryptocurrencies. Since they are not regulated, the user should look for the most reliable platforms with the highest liquidity. In Brazil, the largest exchanges are Foxbit, Mercado Bitcoin, Binance, and NovaDax.
However, other overseas platforms offer a much more comprehensive range of financial services, such as FTX, which accepts deposits directly in reais, and Bittrex, which has BRZ listed.
How to invest in cryptocurrencies
There are some ways to invest in cryptocurrencies, and they change according to the degree of complexity. Here are some alternatives:
- Buying Shares of Cryptocurrency Funds
- Buying directly from an exchange
- Through mining.
How to store cryptocurrencies
The two main ways to store your crypto-assets are through a wallet, either hot (connected to the internet) or cold (not connected to the network), or by keeping the assets on the exchange itself. However, the investor does not have access to his private key in the latter case and is at risk if the exchange faces any problems.