Cryptocurrencies reached record highs last year but have been caught up in a whirlwind so far this year.
The crypto market has come of age during the pandemic, with it finally gaining traction with institutional investors. The best cryptos to buy are those with real-world utility and a solid track record of innovation.
These 5 coins have outperformed in the month of July.
Axie Infinity ($AXS)
Market Capitalization: Over$2.23 Billion
Blockchain based gaming is gaining in popularity after the rise of non-fungible tokens. Axie Infinity is a blockchain based game where users battle creatures called Axies to progress through the game. These Axies are non-fungible tokens, and each have their own unique traits and rarities. To get started playing Axie Infinity, you need to own 3 of these creatures which can be bought on a secondary marketplace. Currently trading at $40.16
Market Capitalization: Over$1.16Billion
Flow is a fast, decentralized, and developer-friendly blockchain, designed as the foundation for a new generation of games, apps, and the digital assets that power them. It is based on a unique, multi-role architecture, and designed to scale without sharding, allowing for massive improvements in speed and throughput while preserving a developer-friendly, ACID-compliant environment. Currently trading at $21.52
Market Capitalization: Over$2.06Billion
Quant is an Ethereum based token which aims to bring interoperability between blockchains, specifically aimed at institutions. The token is used to pay for Quant’s services, pay transaction fees and secure the OverLedger Network. Currently trading at $159.39
Market Capitalization: Over$4.78Billion
Terra is a blockchain project developed by Terraform Labs that powers the startup’s cryptocurrencies and financial apps. Terra is a stablecoin that is intended to reduce the volatility endemic to cryptocurrencies like Bitcoin. Some stablecoins, like Tether, are pegged to more conventional currencies, like the U.S. dollar, through cash and cash equivalents as opposed to an algorithm and associated reserve token. Currently trading at $11.70
Market Capitalization: Over$1.29Billion
STX enable smart contracts and apps for Bitcoin and allows holders to earn BTC by ‘Stacking’. Stacks are used as fuel for smart contract execution, transaction processing, and digital asset registrations on the Stacks 2.0 blockchain and was the first cryptocurrency to receive SEC qualification for a sale in the United States. Currently trading at $1.23
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Dislcaimerthis news and reviews blogs are only to educate, inform and deliver information to the public and is not an investment advice. Nothing should be taken as an offer to buy, sell or hold any cryptocurrency