Best Crypto to Buy Now: Turn $50 into $5,000

While Bitcoin and Ethereum face minor losses today, the weekly gains from both projects indicate that crypto is reentering a bullish phase.

Bitcoin and Ethereum have gained 8% and 7%, respectively this week, which has laid the foundation for parabolic altcoin returns. Seven of the top 100 cryptos by market cap have provided over 30% gains this week, and another eight have risen over 20%.

Meanwhile, six of the 100-200 largest cryptocurrencies have gained over a 50%.

Shrewd investors are generating huge profits right now, and for those looking for the best crypto to buy now, here are our top three picks:

Solaxy

Solaxy is the world’s first Solana layer 2 blockchain. The project aims to tackle Solana’s congestion issue with off-chain computation and rollup technology.

Right now, Solana is experiencing an influx in new demand. It has accommodated 75.9 million users in the past month, which is over 2 times higher than the next most-active network, BNB Chain.

However, Solana faces congestion issues in high activity periods, leading to longer wait times and more transaction failures. This is what Solaxy aims to fix.

The Solaxy layer 2 will provide cheaper, faster, and more reliable transactions, equipping Solana to continue thriving as ecosystem activity ramps up.

And right now, the project is undergoing a presale. It has raised a whopping $30.2 million so far, making it the biggest Solana ICO ever.

With a promising use case and massive investor appeal, there’s every chance that Solaxy gives significant gains once it launches on exchanges.

Aergo

Fartcoin and several other cryptos have made headlines for their strong growth this week – yet these gains pale in comparison to Aergo’s.

Aergo markets itself as “a blockchain for the world.” It is smart contract-enabled and places a strong focus on enterprise adoption.

It’s when enterprises begin integrating blockchains into their operations that we’ll truly feel the effects of “mass adoption.” Imagine tapping your crypto wallet to buy a coffee, or signing into Netflix using a crypto wallet. These are the types of use cases that Aergo could enable.

It also tackles more ‘serious’ use cases such as supply chain management and decentralized finance.

The project is listed on major exchanges including Binance and Coinbase.

Another benefit is that it claims to have the “easiest dApp development” so that “even kids can develop their dApps.” This could perpetuate faster ecosystem growth and a stronger network effect.

Aergo has gained 278% this week, showing incredible momentum. However, with a market cap of $236 million and a promising use case, it has potential for much more gains ahead.

Monero

Ethereum Co-Founder Vitalik Buterin recently published a blog post titled, “Why I support privacy.” He wrote that “privacy is an important guarantor of decentralization,” and that “privacy is freedom.”

This is also something which institutional players have reiterated. JP Morgan representatives said it’s “critical to unlock blockchain potential.”

With leading crypto and TradFi players supporting privacy, it’s clearly a sector with real potential. And the largest and most-trusted privacy cryptocurrency is Monero.

Monero is like Bitcoin, but with complete anonymity. It’s a peer-to-peer payments network that keeps finances confidential.

Without a privacy layer, transactional data is auditable, and bad actors could potentially find out how much crypto people hold and then steal it – either using digital or physical force.

While this is an extreme example, it underlines the importance of privacy.

Monero has outperformed the market today with a 3% jump while most other cryptos are red. But with swelling privacy mindshare, this could just be a fraction of what follows for $XMR.