Top 4 Cryptocurrencies to buy in August 2022 | Best Cryptocurrencies to buy in August 2022

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Best Cryptocurrencies to buy in August 2022

Before we dive into each cryptocurrency, here is a preview of the top 4 cryptocurrencies to invest in right now.

Number 1 ApeCoin
Number 2 Solana
Number 3 Avalanch
Number 4 Cardano


1. ApeCoin (APE)

ApeCoin is currently the best crypto to buy and invest in August 2022.

If you have been following cryptocurrencies for most of 2022, you know that ApeCoin has been attracting a lot of hype this year. It is linked to the world-famous Bored Ape Yacht Club NFTs.

When ApeCoin first hit the market, it rallied by thousands of percentages before a correction followed. However, there is still a lot going on with ApeCoin that makes it one of the best altcoins to buy now

One of the big developments around ApeCoin is the launch of the Other Side Metaverse. The big deal about the Otherside Metaverse is that lands are being sold in APE tokens. This means there is intrinsic value to ApeCoin and as adoption of the Metaverse grows, so will the value of ApeCoin.

Besides, for its association with the Bored-Ape NFTs, ApeCoin has emerged as the biggest Metaverse cryptocurrency today. This means ApeCoin has the leverage to dominate the fast-growing Web 3.0, primarily NFT gaming.

Many ApeCoin price predictions expect that APE could double in 2022. This makes it one of the best cryptocurrencies to buy now.

2. Solana (SOL)

Solana was the top cryptocurrency performer of 2021 and rallied by over 10,000%. While it started in 2022 bearish, SOL is one of the top altcoins that could perform well in this year and beyond.

Solana is the best cryptocurrency to buy and invest in today for its core functionality and growing adoption. To grasp how big of a deal Solana is, consider the fact that it is one of the most scalable platform blockchains in the market today. Solana can handle up to 50k transactions per second at transaction costs of under $0.01.

These metrics have seen adoption grow, and today, Solana has one of the fastest-growing ecosystems of DeFi and NFT projects. Since SOL is the native token of the Solana ecosystem, it then follows that as the adoption of the Solana blockchain grows, so does the intrinsic value of SOL tokens.

Analysts are also pretty bullish on Solana in 2022 and beyond. Many Solana price predictions expect the value of SOL to go up by over 450% in 2022. If these predictions are anything to go by, Solana is one of the most potential altcoins to consider today.

3. Avalanche (AVAX)

The final project from our list of the top cryptocurrencies to invest in August 2022 is Avalanche.

Avalanche is a smart contracts platform that has gained traction as a launchpad for various Dapps ranging from Dapps to NFTs.

Avalanche shot to popularity in 2020 as a top Ethereum competitor and has gained significant traction in the market. This has to do with Avalanche's key metrics, such as scalability and low costs. Avalanche is known for handling up to 4500 transactions per second and at pretty low costs.

Also, unlike some of its competitors that have suffered network lags, Avalanche is known for its network stability. These strengths make Avalanche a high potential that could grow in adoption and value going into the future.

So far, Avalanche has shown positive responsiveness in price as adoption grows. Back in 2020, Avalanche made an all-time low of $2.79. By November 2021, Avalanche had shot up to an all-time high of $146.22. Most Avalanche price predictions expect AVAX to remain a top-performing altcoin for years to come.

4. Cardano (ADA)

Cardano is a large-cap cryptocurrency that also makes it to the list of top cryptocurrencies to buy in August. Cardano is a platform blockchain and, like Solana, Avalanche, and the rest, is one of the biggest Ethereum competitors in the market today.

Cardano stands out from the competition for its security features. This is all thanks to its Ouroboros Proof-of-Stake algorithm that is peer-reviewed and proven to be secure, scalable, and decentralized.


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