bluegreen1352
New member
Let's start by highlighting three cryptocurrency projects that have made important progress recently or have major events in the near future.
Before delving into the list of the best cryptocurrencies to buy, we should note that choosing which cryptocurrency to buy is only the first step in the cryptocurrency investment journey. Choosing the right platform to buy cryptocurrencies is also important, and it is also necessary to decide how to store cryptocurrencies.
We believe that the best way to invest in cryptocurrencies is to transfer coins to a hardware wallet after purchasing them on an exchange. A good starting point is to buy cryptocurrencies on KuCoin and store them in a Ledger hardware wallet.
1. Litecoin
Litecoin is a cryptocurrency that was originally launched in October 2011, making it one of the oldest "altcoins" on the market. Litecoin is largely based on Bitcoin, as it began as essentially a modified version of the Bitcoin codebase.
Litecoin has a maximum supply of 84 million tokens, four times that of Bitcoin. Its target block time is 2.5 minutes, which is four times faster than Bitcoin's target block time. Just like Bitcoin, Litecoin uses proof-of-work to reach a consensus on the state of its ledger. Bitcoin uses the SHA-256 hash function, while Litecoin uses the scrypt hash function.
At times, Litecoin has been used as a testing ground for technologies that would later be applied to Bitcoin. For example, SegWit was first implemented in Litecoin before it went live on the Bitcoin network. However, Litecoin also has some unique technical aspects, most notably its support for MimbleWimble privacy technology.
Litecoin fans often describe Litecoin as the "silver of bitcoin gold." LTC transactions are cheaper and faster than BTC transactions, which makes Litecoin a more suitable option for everyday payments.
Why Litecoin?
Litecoin has performed strongly in the last month, with traders accumulating LTC positions ahead of the upcoming Litecoin halving. LTC is up 16% in the last 30 days and an impressive 25.5% last week.
At present, it is estimated that early August is the most likely time frame for Litecoin to halve. More specifically, most estimates point to August 2 or August 3.
With companies like BlackRock applying to launch Bitcoin ETFs, institutional investors have had a very strong run in the cryptocurrency space recently. This may also be one of the reasons for LTC's recent surge, as it is one of the four cryptocurrencies listed on the EDX Markets exchange. EDX Markets is a cryptocurrency trading platform backed by financial industry heavyweights such as Fidelity and Citadel Securities.
Another reason for Litecoin's recent good performance may be that Litecoin doesn't seem to be in danger of being flagged as an unregistered security by U.S. regulators. In its recent lawsuit against Binance and Coinbase, the SEC claimed that several cryptocurrencies offered by the exchanges were unregistered securities, but did not mention Litecoin as one of them.
2.Sui
Sui is a blockchain project that is creating a highly scalable and efficient platform for smart contracts. The Sui platform was developed by Mysten Labs, a company led by co-founder and CEO Evan Cheng.
Notably, the Sui blockchain uses a smart contract language called Sui Move, which is derived from the Move smart contract language. The Move language has attracted a lot of interest because it was originally developed for the Facebook-led Libra stablecoin project. Today, Sui and Aptos are the most famous projects implementing the Move language.
The Sui blockchain is capable of executing transactions in parallel, resulting in extremely low latency and more efficient CPU usage for validators. In tests, the Sui blockchain demonstrated the ability to process 120,000 transactions per second.
Why Sui?
Recently, a startup called Six Clover launched their Versal Network product, which is built on the Sui blockchain. Sixleaf was created by former employees of payment giant PayPal.
The Versal Network platform is designed to bridge the gap between web2 and web3 commerce solutions and enable efficient and secure cross-border payments. The infrastructure could also be used to facilitate transactions with CBDCS (central bank digital currencies).
One of the main reasons Six leafs chose Sui blockchain for its Versal network is Sui's impressive scalability. In tests, the Sui blockchain has successfully processed about 120,000 transactions per second.
However, we must note that Sui's native token, Sui, has not performed well since its debut on cryptocurrency exchanges in early May. It's not clear if the bottom is still in place, but the current price could be interesting for those looking to build a SUI position for the long term.
3.Polygon
Polygon is a blockchain project that was originally founded in 2017 under the name Matic Network. The original name of the project is why the token used in the Polygon ecosystem is called MATIC, even though the project itself adopted a new name in February 2021.
The core mission of the Polygon project is to create scalable solutions based on the Ethereum blockchain. If you've ever used the Ethereum blockchain, you probably know that transaction fees can become very high during periods of increased demand.
Currently, Polygon's flagship platform is Polygon PoS, a PoS blockchain platform that is compatible with the Ethereum virtual machine. After Ethereum started suffering from high transaction fees, it has become one of the most popular alternatives to Ethereum.
Polygon's native asset is called MATIC, and it is used for critical operations on the network, such as pledging and paying transaction fees. Polygon was one of the first Ethereum scaling platforms to gain widespread adoption, which helped the team launch a number of initiatives to further accelerate growth.
Why Polygon?
The Polygon project recently announced plans for "Polygon 2.0," which will be the next major phase of the project. In Polygon 2.0, the different networks in the Polygon ecosystem will have "uniform mobility."
Holders will be able to remortgage their tokens, which will effectively allow them to mortgage the same token simultaneously on different networks.
According to the Polygon team, the Polygon 2.0 platform is designed to be the "value layer of the Internet," providing a highly fluid and scalable environment for value transfer and access.
Polygon 2.0 will consist of four protocol layers:
The pledge layer guarantees the decentralization of various Polygon chains
An interoperability layer that supports cross-chain messaging between Polygon chains
Execution layer, generate blocks
A proof layer that generates proofs for each transaction carried out on the Polygon chain
Before delving into the list of the best cryptocurrencies to buy, we should note that choosing which cryptocurrency to buy is only the first step in the cryptocurrency investment journey. Choosing the right platform to buy cryptocurrencies is also important, and it is also necessary to decide how to store cryptocurrencies.
We believe that the best way to invest in cryptocurrencies is to transfer coins to a hardware wallet after purchasing them on an exchange. A good starting point is to buy cryptocurrencies on KuCoin and store them in a Ledger hardware wallet.
1. Litecoin
Litecoin is a cryptocurrency that was originally launched in October 2011, making it one of the oldest "altcoins" on the market. Litecoin is largely based on Bitcoin, as it began as essentially a modified version of the Bitcoin codebase.
Litecoin has a maximum supply of 84 million tokens, four times that of Bitcoin. Its target block time is 2.5 minutes, which is four times faster than Bitcoin's target block time. Just like Bitcoin, Litecoin uses proof-of-work to reach a consensus on the state of its ledger. Bitcoin uses the SHA-256 hash function, while Litecoin uses the scrypt hash function.
At times, Litecoin has been used as a testing ground for technologies that would later be applied to Bitcoin. For example, SegWit was first implemented in Litecoin before it went live on the Bitcoin network. However, Litecoin also has some unique technical aspects, most notably its support for MimbleWimble privacy technology.
Litecoin fans often describe Litecoin as the "silver of bitcoin gold." LTC transactions are cheaper and faster than BTC transactions, which makes Litecoin a more suitable option for everyday payments.
Why Litecoin?
Litecoin has performed strongly in the last month, with traders accumulating LTC positions ahead of the upcoming Litecoin halving. LTC is up 16% in the last 30 days and an impressive 25.5% last week.
At present, it is estimated that early August is the most likely time frame for Litecoin to halve. More specifically, most estimates point to August 2 or August 3.
With companies like BlackRock applying to launch Bitcoin ETFs, institutional investors have had a very strong run in the cryptocurrency space recently. This may also be one of the reasons for LTC's recent surge, as it is one of the four cryptocurrencies listed on the EDX Markets exchange. EDX Markets is a cryptocurrency trading platform backed by financial industry heavyweights such as Fidelity and Citadel Securities.
Another reason for Litecoin's recent good performance may be that Litecoin doesn't seem to be in danger of being flagged as an unregistered security by U.S. regulators. In its recent lawsuit against Binance and Coinbase, the SEC claimed that several cryptocurrencies offered by the exchanges were unregistered securities, but did not mention Litecoin as one of them.
2.Sui
Sui is a blockchain project that is creating a highly scalable and efficient platform for smart contracts. The Sui platform was developed by Mysten Labs, a company led by co-founder and CEO Evan Cheng.
Notably, the Sui blockchain uses a smart contract language called Sui Move, which is derived from the Move smart contract language. The Move language has attracted a lot of interest because it was originally developed for the Facebook-led Libra stablecoin project. Today, Sui and Aptos are the most famous projects implementing the Move language.
The Sui blockchain is capable of executing transactions in parallel, resulting in extremely low latency and more efficient CPU usage for validators. In tests, the Sui blockchain demonstrated the ability to process 120,000 transactions per second.
Why Sui?
Recently, a startup called Six Clover launched their Versal Network product, which is built on the Sui blockchain. Sixleaf was created by former employees of payment giant PayPal.
The Versal Network platform is designed to bridge the gap between web2 and web3 commerce solutions and enable efficient and secure cross-border payments. The infrastructure could also be used to facilitate transactions with CBDCS (central bank digital currencies).
One of the main reasons Six leafs chose Sui blockchain for its Versal network is Sui's impressive scalability. In tests, the Sui blockchain has successfully processed about 120,000 transactions per second.
However, we must note that Sui's native token, Sui, has not performed well since its debut on cryptocurrency exchanges in early May. It's not clear if the bottom is still in place, but the current price could be interesting for those looking to build a SUI position for the long term.
3.Polygon
Polygon is a blockchain project that was originally founded in 2017 under the name Matic Network. The original name of the project is why the token used in the Polygon ecosystem is called MATIC, even though the project itself adopted a new name in February 2021.
The core mission of the Polygon project is to create scalable solutions based on the Ethereum blockchain. If you've ever used the Ethereum blockchain, you probably know that transaction fees can become very high during periods of increased demand.
Currently, Polygon's flagship platform is Polygon PoS, a PoS blockchain platform that is compatible with the Ethereum virtual machine. After Ethereum started suffering from high transaction fees, it has become one of the most popular alternatives to Ethereum.
Polygon's native asset is called MATIC, and it is used for critical operations on the network, such as pledging and paying transaction fees. Polygon was one of the first Ethereum scaling platforms to gain widespread adoption, which helped the team launch a number of initiatives to further accelerate growth.
Why Polygon?
The Polygon project recently announced plans for "Polygon 2.0," which will be the next major phase of the project. In Polygon 2.0, the different networks in the Polygon ecosystem will have "uniform mobility."
Holders will be able to remortgage their tokens, which will effectively allow them to mortgage the same token simultaneously on different networks.
According to the Polygon team, the Polygon 2.0 platform is designed to be the "value layer of the Internet," providing a highly fluid and scalable environment for value transfer and access.
Polygon 2.0 will consist of four protocol layers:
The pledge layer guarantees the decentralization of various Polygon chains
An interoperability layer that supports cross-chain messaging between Polygon chains
Execution layer, generate blocks
A proof layer that generates proofs for each transaction carried out on the Polygon chain
