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Cryptocurrencies were the best options in recent days among the most consistent projects on the market
Cardano (ADA) and Ether (ETH) were featured in the last 30 days ending 05/28/2021. The first cryptocurrency actually had a positive appreciation of 12.99% (at the time this article was written). The second was the one that had the smallest devaluation (-3.43%), in the same period. The assessment is made among the best cryptocurrencies to invest taking into account the most consistent projects.
It is worth noting that, in the second half of May, several cryptocurrencies went through a process of decline, following the volatility of the main digital currency, bitcoin. Thus, ether's devaluation by only 3.43% can be considered positive. This movement was caused by collateralization, which brought a ripple effect to the market. Even so, in the last seven days, ETH had a positive appreciation of 5.54%.
Ethereum
Ethereum is a decentralized open source blockchain whose native token is Ether (ETH). This blockchain serves as a platform for several other cryptocurrencies, as well as for executing decentralized smart contracts.
With a market capitalization in excess of $295 billion and circulating supply in excess of 116 billion, ETH is the second leading cryptocurrency, according to CoinMarketCap.
Cardano
Cardano, ranked fifth by CoinMarketCap in market value, is a proof-of-stake blockchain platform that claims to have the goal of enabling “agents of change, innovators and visionaries” to bring about positive global transformations. Its market capitalization is over US$55 billion, with a circulating supply of 31.9 billion units. The platform claims to be the first blockchain built through peer-reviewed research, ensuring security and scalability.
What are the best cryptocurrencies to invest in 2021?
There is no correct answer to this question. The best cryptocurrencies to invest are those that represent a project that will solve some problem associated with the cryptocurrency market. In this context, new blockchains, such as Solana, and decentralized exchanges, such as Serum, have proposed to provide innovative solutions, whether to improve the security, speed and scalability of blockchains, or to provide fully decentralized financial services.
What is the best cryptocurrency broker?
The market for cryptocurrency brokers is increasingly competitive. There are several platforms for buying and selling cryptocurrencies. As they are not regulated, the user must seek the most reliable platforms with greater liquidity. In Brazil, the biggest exchanges are Foxbit, Bitcoin Market, BINANCE and NovaDax. However, there are other platforms abroad that offer a much broader 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. See some alternatives:
Buy cryptocurrency fund shares
Buy directly from an exchange
Through mining.
How to store cryptocurrencies The two main ways to store your cryptoassets are through a wallet, which can be hot (connected to the internet) or cold (not connected to the network), or by keeping the assets in the exchange itself.
In the latter case, however, the investor does not have access to his private key, putting himself at risk if the exchange causes any problems.
