Follow CriptoFacil In the cryptocurrency market, there is a downward trend. What is observed is that the majority of assets are reversing the profits obtained in recent days and months. To confront this moment of retraction, here are three of the top cryptocurrencies to buy now, with long-term potential.
Cardano (ADA) Cardano had a weak year, with the price of ADA falling by 38.81%. It is one of the worst-performing large-cap cryptocurrencies in 2023. But things are starting to improve for ADA as the market enters the fourth quarter. The project is capturing the attention and confidence of investors, thanks to various exciting events and milestones achieved. To start, the Cardano Summit 2023 is scheduled to take place from November 2nd to 4th, 2023. Among the key advantages of ADA, in addition to its advanced blockchain that has set new standards in scalability, interoperability, and power, are its aggressive awareness campaigns. The blockchain adds value to its underlying cryptocurrencies through the use of the network and demand. As a result, it is crucial to create awareness about the digital asset, along with education about blockchain and DeFi in both crypto and traditional communities. The Cardano Summit 2023 will be a venue for this, with many ambassadors, advocates, and industry experts coming together. One of the official sponsors is CoinDesk Studios, which joins as a media partner for the event. This will certainly strengthen the project’s social momentum in the coming weeks. Additionally, a price correction has long been needed for the cryptocurrency. An optimistic price prediction for ADA in 2023 is $0.63, if the overall market advances without any hitches. But a more conservative forecast for Cardano’s price is $0.45 by the end of the year. ADA is the best cryptocurrency to buy now in the large-cap category.
eTukTuk (TUK) Large-cap cryptocurrencies like BTC, ETH, and ADA are reliable investments. However, they are also saturated. This makes them less attractive compared to emerging cryptocurrencies that have more room for growth. Promising new cryptocurrencies, like eTukTuk, are better alternatives if you are looking to double or triple your investment in the medium term. That being said, not all new cryptocurrencies are good investments. It is important that the token is backed by a solid project. eTukTuk is a blockchain project that aims to improve the infrastructure of electric vehicles (EV) in developing economies. The startup targets the public transportation sector, focusing on assisting the Tuk Tuk sector in transitioning to a more sustainable system. The eTukTuk infrastructure includes electric Tuk Tuks called eTukTuks and a network of charging stations. The charging stations will be installed and managed by “Territory Partners” in strategic locations. They will be rewarded based on the peer-to-peer economy, which also includes eTukTuk drivers and Power Stakers. eTukTuk is preparing to embark on its journey in Sri Lanka. The company has already partnered with industry leaders such as Capital Maharaja and AsiaTokenFund. More private and government partnerships will be announced in the coming days.
Polygon (MATIC) The next best cryptocurrency to buy now is Polygon (MATIC), which is also undergoing a strong price correction. If the overall market remains stable, MATIC will turn around to recover its losses over the remainder of the year. Investors are likely to find multiple entry points for MATIC in the coming weeks. However, it is best to wait for the breakout point to enter the market. While it is too early to say if Polygon will surpass the long-awaited $1 mark, it is not a distant dream. The DeFi side of the blockchain is on a promising path, although the total value locked (TVL) has decreased. Things can improve as more utility-rich projects strengthen their activities in the ecosystem. Factors such as the launch of Polygon zkEVM, the release of Polygon ID Release 4, and the Uptrip loyalty program will be favorable for the cryptocurrency’s price action.
Summary – What is the best cryptocurrency to buy now? Certainly, the answer depends on your preference. For example, if you are looking for an established cryptocurrency with a high market capitalization, Cardano is the most obvious choice. The currency is showing signs of an upward trend that can reward investors who bought in the low range, anywhere from 40% to 80%. But if the Cardano Summit fails to make a widespread impact, the token may fall in the rankings. On the other hand, if you are looking for an emerging cryptocurrency that can grow by 500% to 800% this year, eTukTuk (TUK) is a good choice. The momentum surrounding the utility-driven asset is growing. Government and industry partnerships also make it an excellent long-term investment. The TUK pre-sale is now available on the official website and offers the cheapest entry into the project. Disclaimer: This article is for informational purposes only and does not constitute investment advice or an offer to invest. CriptoFacil is not responsible for any content, products, or services mentioned in this article. Follow CriptoFacil on