Growth in the crypto space has exploded over the past two years, reaching over 880% annual growth in one year! But with the now thousands of cryptos available, one question remains about cryptocurrency - In which one to invest?
Much like the early days of the dot-com era, when there were pop-up tech stocks pounding out new highs daily, the crypto market has a lot of fluff. We will certainly see a culling of the heard so to speak over the next several years.
So which ones are a good bet?
We have put together a list of cryptos we believe have a good prospect to be good trading candidates over the next several weeks/months.
Disclaimer: these crypto picks are not a recommendation to buy and are in no way guaranteed to increase in value. We have made this selection as "good candidates" that generally fit our criteria for the type of trades we like using our trading system. Like all investments, crypto trading carries risk and individuals need to assess their own financial situation before investing in any specific trades.
Now before we go too far I'd like to remind you of the Trade Maestro philosophy of trading. If you are unfamiliar with it be sure to familiarize yourself so you can better understand these trade picks.
Trade Maestro Top Cryptos to Trade
(the following are presented in Alphabetical order and do not represent any specific ranking)
Blue-Chip Cryptos
Much like stocks, there are a handful of cryptos that we consider "blue-chip". These are the most heavily traded, widest held, and currently show the greatest likelihood of being around for a long time. If you're thinking long-term "buy and hold" the following are a list of cryptocurrencies in which you may want to consider.
1. Bitcoin (BTC)
2. Cardano (ADA)
3. Ethereum (ETH)
4. Ripple (XRP)
5. Solana (SOL)
Stable Coins
So called "stable coins" are essentially asset backed crypto - but the asset is the US Dollar (arguably not very asset backed!). They are useful for those who want to keep some currency in a "digital form" to avoid moving their money directly back to a fiat bank account, but also want to avoid any direct investment in a speculative crypto trade. In other words: a stable coin is designed to always be worth the same value as the US Dollar. It should always exchange 1:1 for USD.
1. Binance USD (BSUD)
2. DAI (DAI)
3. Tether (USDT)
4. True USD (TUSD)
5. USD Coin (USDC)
Asset-Backed Cryptos
For many the appeal of crypto is to leave the fiat world in exchange for a store of value not subject to the ups and downs of inflation and economic cycles. The challenge many face however, is the volatile ups and downs of Bitcoin (digital gold)... so why not have a crypto backed by real gold? If you're looking to add some gold stability, but with crypto accessibility and liquidity, the following four cryptos may be something to consider.
1. Digix (DGX)
2. Paxos Gold (PAXG)
3. Perth Mint Gold Token (PMGT)
4. Tether Gold (XAUT)
Emerging Cryptos
Out of the 9,000 plus cryptos currently available, which ones stand the best chance of having a 400% gain in the next year? Which ones stand the best chance of surviving the next 5 years? And if we had to pick ONE, which would we invest in?
The answer is WE WOULDN'T PICK ONE! Because none of us know the future. But there are some projects that have emerged with a very high probability of success on all fronts. These are some of our favorite "alt coins" to track and many of these are already producing extraordinary results!
1. Algorand (ALGO)
2. Cosmos (ATOM)
3. Helium (HNT)
4. Polygon (MATIC)
5. Celsius (CEL)
6. Polkadot (DOT)
7. Chainlink (LINK)
8. Maker (MKR)
9. Avalanche (AVAX)
10. Loopring (LRC)
11. Compound (COMP)
12. XLM - Stellar Lumens
13. XDC - XDC Network
Big or Bust Cryptos
During the latest Crypto Boom Cycle (2020-2021) a new trend emerged and proved to be rather profitable after Tesla founder Elon Musk decided to place a couple of tweets which sent these cryptos "to the moon"... MEME COINS. These tokens started as a joke with practically no value and no expectation of big profits. Yet some Meme Coin Millionaires were born by mistake and now people want to know "what's the next big opportunity?" (note: these tokens are not considered viable projects and if traded, should be done so with zero expectation of gains. Think of these tokens like the penny stocks of crypto...as always never invest more than you are willing to lose.)
1. DOGECoin (DOGE)
2. SHIBAINU (SHIB)
3. Let's Go Brandon Coin (LGB)