November 2022

When determining the best cryptocurrencies to buy now it's necessary to take into account the current market cycle. Since earlier this year, the crypto market has been in a bear market, which means that solid (blue-chip) crypto assets are now available at a major discount.

Some of the largest market cap coins and tokens have since dropped by more than 70% from their prior all-time high, offering an attractive entry price for investors.

Top 10 Cryptos to Buy Now

These coins show grreat potential for massive gains:

  1. Bitcoin
  2. XRP
  3. Solana
  4. Polygon
  5. Tron
  6. Cosmos
  7. Monero
  8. Terra Classic
  9. Quant
  10. Pancake Swap

Bitcoin (BTC) - Ranked #1

The oldest and most well-known cryptocurrency is Bitcoin. If you are looking to increase Bitcoin holdings, these are prices we haven’t seen in a long-time. Bitcoin is considered to be the ‘blue-chip’ cryptocurrency and with only 21 million Bitcoins ever to be created and the largest cryptocurrency by market capitalization, it’s a good choice for first-time investors.

XRP (XRP) - Ranked #6

XRP is the native cryptocurrency of the Ripple network. Ripple is a payments processing platform that is designed for fast and cheap cross-border transactions. XRP is also considered to be ISO20022 compliant.  XRP is anticipated to be adopted as part of the ISO20022 standard for international cross-border payments. When this system comes online, it's expected the price of XRP will see considerable growth.

Solana (SOL) - Ranked #10

Officially launched in March 2020, Solana is a Layer 1 blockchain that enables developers to build decentralized applications and smart contracts. Solana runs on the Solana Blockchain, which uses a Proof of Stake and Proof of History consensus mechanism to produce its blocks. Solana is highly centralized and has a unique use case of working with centralized game providers (such as StepN).  Solana offers many advantages when compared to Ethereum, with low transaction costs and host to one the largest NFT markets, often 1/10th the price of ETH NFTs. While Solana has experienced its growing pains (multiple outages) it is well set for continued future adoption and growth.

Polygon (MATIC) - Ranked #11

Polygon is a proof of stake (PoS) blockchain network that was originally created as a scaling solution for the Ethereum network, to help with traffic congestion and high transaction fees.

Technically, Polygon is not a standalone blockchain, but rather a sidechain running parallel to Ethereum. This is known as a Layer 2 network. Since the creation of Polygon, it has emerged as more than just a Layer 2, but has become the third largest DeFi ecosystem. With institutional investment from major companies like Sequoia Capital ($450 million) and many new developers, we are expecting to see much more from this project.

Tron (TRX) - Ranked #14

TRON is a blockchain-based platform that aims to share free, decentralized user content. TRON aims to ‘heal the internet’ by giving data liberation to its users. They get to control their data and get rewarded directly for what they produce. These include games, DeFi, and even a bike-sharing DApp.  TRON envisages a ‘Web 3.0‘, an internet where no middleman exists, and DApp creators have complete ownership over what they produce.

Cosmos (ATOM) - Ranked #21

Interoperability has become quite the buzzword over the last year. With over 10,000 different cryptocurrencies actively traded, one of the biggest issues within this space is how to connect all these blockchains. This is where Cosmos comes in.

Cosmos is a network that connects independent blockchains together but is also an open-source software development kit (SDK). As the need for greater interoperability continues to increase, so will solutions like Cosmos.

Monero (XMR) - Ranked #27

Almost as old as Bitcoin, Monero is the privacy-focused cryptocurrency that Bitcoin is not. It’s often been said that every cryptocurrency portfolio should have a privacy coin and there is no better-known privacy coin than Monero.

For those who are privacy conscious and looking for a place to anonymously and privately conduct transactions, Monero is the go-to privacy cryptocurrency. As we continue to see the increase in government rules and regulations increase around the use and adoption of cryptocurrency, its expected privacy coins will become more popular and widely used, with Monero being at the top of the list.

Terra Classic (LUNC) - Ranked #33

In early May of 2022, Terra coin collapsed to almost nothing, however, since then it has been the cryptocurrency with the greatest growth over the last 5-months. Terra Classic (LUNC), the new name for Terra Luna has implemented a new burn protocol that will reduce the supply of Terra Classic supply and has resulted in the considerable price appreciation we have seen in Terra Classic recently.

QUANT (QNT) — Ranked #42

Quant, one of my personal favorites is also in the interoperability space using its Overledger Network to bridge the gap between various distributed ledger technologies. This project identifies itself as the first operating system built for the blockchain. It is also rumored that Quant is ISO 20022 certified and will be part of the CBDC (Central Bank Digital Currency) initiative.

PancakeSwap (CAKE) — Ranked #62

Pancakeswap is a decentralized crypto exchange that was launched in 2020 which allows you to trade BEP 20 (Binance) tokens at a very low fee. It is the leading decentralized exchange, has lower fees, and is more liquid than its rivals. There is also the added benefit that Cake can be staked at a high yield, offering passive income for investors.


How to Find the Best Cryptos to Buy

In this part of the article, we provide insight into some of the methods used by investors to find the best low-market-cap cryptos for their portfolios.

How to Evaluate a Cryptocurrency Project

You have likely heard, that it’s very important to Do Your Own Research (DYOR), but what does that exactly mean? How do you get started and what does it involve?

A complete explanation and 7-step method are explained in this article. These are the steps every serious investor should perform when deciding upon a cryptocurrency.

How to Evaluate a Cryptocurrency
7 Steps to Analyzing Crypto Projects Before Investing

When to Buy?

We have all heard to buy low and sell high, but when is the best time to purchase a cryptocurrency? Now that you have identified the right project when is the best time?

On a macro scale, it’s important to know the market and where it is in its cycle — Is the market in a bull or bear market? Given the nature of the cryptocurrency markets, the price of Bitcoin dominates the market. If Bitcoin goes up, so does the rest of the market. If Bitcoin goes down, so does the rest of the market.

To help you better understand the market cycle, we have written a full article on the 4-phases of the crypto market and which cycle is the opportune time to buy and sell.

The 4 Phases of a Crypto Market Cycle
This knowledge will help you to minimize your risk and maximize your returns in the cryptocurrency market

Fear & Greed in the Market

As an investor, it’s also important to take into account the Fear & Greed Index in the cryptocurrency market. The cryptocurrency market is highly emotional, and the two greatest emotions determining the best time to buy (or sell) are greed and fear.

When greed is at its highest, it often signifies the peak of the market (and a good time to sell). When fear is at its highest, it often signifies when the price is at its lowest (and a good time to buy).

For more about the cryptocurrency fear and greed index, a have written a full article on this:

Today’s Fear & Greed Index - Crypto
Today’s Fear and Greed Index for Bitcoin and the cryptocurrency market. Calculated daily using multi-factor sentiment analysis for the cryptocurrency market.

Crypto Chart Patterns

Lastly, when it comes to buying, it’s important to be aware of chart patterns and how to read them. In this detailed article, we cover the 20 most common crypto chart patterns and how to read them.

Crypto Chart Pattern Explanation & Cheat Sheet PDF
Top 20 crypto chart patterns & downloadable cheat sheet

Conclusion:

The cryptocurrency market is highly volatile and when choosing to purchase a cryptocurrency it's important to consider your investing risk profile. As always it's important to do your own research.

While the above coins are fantastic overall investments, they need to fit into your investing style. Some people enjoy the fast pace of day trading while others are looking for more of a long-term investment.

Your investing style will to a large degree determine when and what cryptocurrency investments you should invest in. If you are looking for crypto with the greatest return on investment, you'll likely want to check out low-market-cap coins.


‌Learn to Profitably Invest in Cryptocurrency

When it comes to investing in cryptocurrency, some of the best cryptocurrency investments have been within the small market cap cryptos. These are projects with very low market capitalization and massive adoption potential. These small market cap projects have tremendous growth potential and are often referred to as small cap gems.

With over 10,000 actively traded cryptocurrencies and many of these falling within the small, micro and nano market capitalization, it's often difficult to separate the wheat from the chaff. Join us as we research and publish our findings when looking for the next small cap gem.

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