Top 4 Cryptocurrencies to Buy Now July 2023 - Huge Potential

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Until now, the cryptocurrency market has often recovered from downturns. Diversifying your portfolio is key to surviving in the volatile crypto industry. With the cryptocurrency markets still volatile, many cryptocurrency investors are not sure if it is time to sell in order to avoid further losses or if the market will soon start to recover.

Extreme volatility is to be expected, as 2022 has shown; Therefore, investors seeking protection from a potentially catastrophic collapse of their holdings should choose high-potential crypto projects that have a strong chance of navigating the current weak market and succeeding in the future.

With so many possibilities, choosing the best cryptocurrency can be challenging. This guide will help you identify the most profitable and sustainable cryptocurrencies that have the latest technology.

Table of Contents

Bitcoin (BTC)

Bitcoin is currently the largest cryptocurrency in general to date. It is the most popular and most expensive cryptocurrency asset. Moreover, it has been around for a long period of time, during which it has proven the robustness and usefulness of BTC coins.

Therefore, it should come as no surprise that BTC is the best cryptocurrency to buy in 2023. In early 2009, the peer-to-peer decentralized cryptocurrency known as Bitcoin was introduced. It initially appeared in 2008. Someone using the pseudonym Satoshi Nakamoto created Bitcoin; However, the identity of this person is still a mystery.

Bitcoin established the idea of the blockchain and offers a completely decentralized and highly secure digital currency. Proof of work (PoW) is used to make it very difficult to change the history of transactions or double spend coins. Miners, who are paid in BTC for adding blocks to the Bitcoin blockchain, protect the network.

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Bitcoin July 4, 2023

Over the years, Bitcoin has become a well-known name and has become widely used in the public. In addition, Bitcoin has maintained its first position as the cryptocurrency with the highest market capitalization. Bitcoin suddenly surged beyond $30,000 and reached its highest level so far in 2023.

Then BTC price started to decline somewhat after the rally made as high as around $31,400. The price level of $30,000 has held so far, despite the slight price drop.

The news that major institutional investors are interested in participating in bitcoin exchanges sent a rally. In particular, financial powerhouse BlackRock has applied to start iShares Bitcoin Trust, an exchange-traded instrument for bitcoin.

Kaspa (KAS)

Kaspa is a cryptocurrency that uses the GHOSTDAG protocol and is a Proof of Work (PoW) system. Instead of isolating parallel produced blocks like a standard blockchain, GHOSTDAG allows them to co-exist and arrange them by consensus. In fact, the Kaspa blockchain is a blockDAG.

This consensus circular enables Nakamoto to operate securely while maintaining extremely high block rates and extremely short confirmation times dictated by network latency. Kaspa is exceptional in that it can handle large block rates while still maintaining the level of security offered by setups with PoW.

Currently, the Kaspa core network moves one block every second. Developers and core researchers will be pushing the capabilities as far as possible in the future – imagine 10 or even 100 blocks per second. Kaspa is currently priced at $0.0225, with a 24-hour trading volume of $5.73 million and a market cap of $437.85 million.

In the last 24 hours, the price of KAS decreased by -4.42%. Kaspa reached an all-time high of $0.0425 on April 2, 2023. Since there is still hope that the coin will garner a lot of interest, the long-term prediction for the KAS price is that its price will rise.

The video above provides an in-depth review of the best crypto to buy right now, stay tuned to his YouTube channel for more crypto related content. Jacob Crypto Bury also runs a Discord channel with 14,000 members.

Thug Life (THUG)

Thug Life (THUG), a brand new meme digital currency, intends to contribute to wealth creation in its community. The main goal of Thug Life is to unite a group of people who want to recover from the losses they have incurred in the cryptocurrency markets. The platform expects to raise a fixed cap of $2.058 million through the pre-sale of THUG cryptocurrencies.

Interestingly, there will only be one round of pre-sale of the token. The price is set at $0.0007, so there is no urgency to buy THUG at a lower price when the pre-sale first starts. During the pre-sale period, this community coin offers 70% of the total token supply of 4.2 billion. THUG offer will also be used for marketing activities in the amount of 15%.

Investors are hoping for a similar price explosion since THUG is still in the pre-sale stage. The remaining 15% of the premium offer will be distributed as community prizes. Rewards are split between community gifts and airdrops for participation.

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Thug Life (thug_life_token) July 4, 2023

After the pre-sale is completed, this campaign will start immediately upon listing the token on DEXs. The platform will provide more information about the gifts as the exchange’s listing dates get closer.

Thug Life has raised approximately $416,000 since the prequel began. Due to the passion and energy of the community, the Thug Life project has already garnered a lot of media attention, which sets it apart from other meme coins. Even if THUG has no practical use, the value of other tokens has skyrocketed since its creation.

PepeCoin, on the other hand, lacked utility and saw a 6,000% surge after its first coin offering. Sponge is up over 3,000% with no interest. Low-cap cryptocurrency traders seem convinced that THUG can grow to be the next best meme coin once it debuts on the open market due to its unique selling point and attractive tokens.

Compound

Compound is a DeFi lending protocol that enables users to deposit their cryptocurrency into one of the platform’s supported pools in order to earn interest on it. Most cryptocurrencies, according to Compound, are not active on trading platforms and offer nothing to their holders.

With its open lending platform, Compound aims to change this. It enables anyone who deposits backed Ethereum tokens to simply earn interest on their balance or get a secured loan in a completely trustworthy manner. Compound’s community management sets it apart from other similar protocols.

Without the Compound team’s involvement, holders of the platform’s original governance token, COMP, can make improvements to the protocol, discuss them, and vote on whether or not to implement them. This may entail choosing which cryptocurrencies to support, adjusting collateral formulas, and changing the distribution of COMP tokens.

COMP tokens are available on external exchanges for purchase, or they can be obtained by transacting with the Compound system, for example by depositing assets or borrowing money. The pool is currently priced at $60.76, with a 24-hour trading volume of $473.06 million and a market capitalization of $440.04 million.

COMP price fell -2.62% in the previous day. On May 12, 2021 when it was trading at a high of $909.24, the compound reached its highest price. The increasing total value of the closed complex is one of the main arguments in favor of investing in it.

Total Value Locked, per CoinMarketCap, “The total value locked represents the number of assets that are currently stored in a given protocol.” As a result, the total value of a guaranteed base supply in the pool is rapidly increasing.

Lending users can earn interest from companies that users have acquired with this big money. The compound is potentially a smart investment, and keeping the stock of the compound can yield short and long term profits in huge proportions.

Conclusion

Choosing which cryptocurrency to buy is only the first step in your cryptocurrency investment journey. Thorough research, risk assessment, and portfolio diversification are all necessary steps in the process of investing in cryptocurrency.

It is also important to decide which is the best platform to buy cryptocurrency, as well as how to store your cryptocurrency. Buying cryptocurrencies on eToro, a safe and regulated crypto exchange, is an excellent way to get started.

See our guide to eToro’s coin list here.