5 Cryptocurrencies That Can Give You Maximum Returns

Best 5 Cryptocurrencies Can Give Maximum Returns - Daily Finance Facts

In this article, you will get to know which 5 Cryptocurrencies Can Give Maximum Returns.

Following its recent comeback, the cryptocurrency market has taken a step down. The overall market value has now decreased to $1.45 trillion after reaching a high of $1.528 trillion. Although this is a 5% drop in a single day, most major cryptocurrencies have risen in value over the last week. Ethereum (ETH) has gained by more than 14%, while dogecoin (DOGE) and ripple (XRP) have increased by 30% and 21%, respectively. Given how much of the market is still down from a month ago, there is still plenty of room for more gains.

Here are 5 cryptocurrencies can give maximum returns;

1. Ethereum Classic (ETC)

In recent weeks, Ethereum Classic (ETC) has been one of the best-performing cryptocurrencies. It had risen over 30% to $61 earlier today. It has now retraced its steps and is currently trading at $55.75. This is, however, a 52 percent increase in the last seven days. In recent weeks, Ethereum Classic (ETC) has been one of the best-performing cryptocurrencies. It had risen over 30% to $61 earlier today. It has now retraced its steps and is currently trading at $55.75.

This is, however, a 52 percent increase in the last seven days. For barely a week, a 52 percent increase is impressive. ETC, on the other hand, has a lot of promise for a couple more huge short-term gains. It’s still down 66% from its all-time high of $167, which it reached on May 6. This is a more significant drop than other major cryptocurrencies, including bitcoin (BTC) and ethereum (ETH) (ETH). As a result, it’s more likely to bounce back quickly in the near run.

Various pieces of favorable development news will aid its performance. It is, for example, in the midst of releasing its Magneto fork, which will provide a number of enhancements to gas pricing and transaction kinds starting in July. It will also make ETC more appealing to Ethereum miners, who are expected to migrate to ETC once Ethereum’s long-awaited move to a proof-of-stake mechanism is completed.

Increased mining activity will improve Ethereum Classic’s network security and power. As a result, ETC’s price may rise. As a result, expect further short-term spikes as the market prices in its expansion.

Ethereum-Best 5 Cryptocurrencies Can Give Maximum Returns - Daily Finance Facts

2. Dogecoin (DOGE)

Dogecoin (DOGE), dubbed the “first memecoin” by some, made a sensation in 2021 when its price surged. The currency, which has a Shiba Inu as its avatar, is accepted as a means of payment by a number of big businesses, including the Dallas Mavericks, Kronos, and—perhaps most notably—SpaceX, Elon Musk’s American aerospace company. Billy Markus and Jackson Palmer, two software programmers, founded Dogecoin in 2013.

Markus and Palmer are said to have invented the coin as a prank in response to the cryptocurrency market’s rampant speculation. During the week, when Musk was due to appear on Saturday Night Live, the price of DOGE reached an all-time high of around 0.74 cents. Dogecoin has a market valuation of $15.0 billion as of March 14, 2022, and one DOGE is worth roughly 11 cents, making it the 13th biggest cryptocurrency.

3. Solana (SOL)

Another Cryptocurrencies Can Give Maximum Returns and that has performed well in recent weeks is Solana (SOL). It has grown by 21% in the last seven days to $32.37. It has also increased by 13% in the previous month and by more than 3,500% in the last year. SOL has been one of the best-performing cryptocurrencies over the last 90 days, according to data from Blockchaincenter.net. It has increased by 70% in that period, making it the seventh highest riser.

Performance of the top 50 cryptocurrencies over the last 90 days (in percentage terms). Blockchaincenter.net is the source for this information. SOL is down from its all-time high, as is the rest of the market. Its current price is $44% lower than its all-time high of $58.03 reached on May 18.

Solana has received a lot of attention as a platform, therefore there’s a lot of room for further huge short-term gains. It’s a blockchain platform that employs a one-of-a-kind proof-of-history consensus technique to quickly timestamp transactions. This process also makes it less energy-intensive than Bitcoin and other proof-of-work currencies, which is one of the reasons for its popularity since Tesla ceased taking bitcoin payments. It has also seen a lot of adoption in recent years. For example, at the end of June, the Swiss firm 21Shares issued the world’s first Solana exchange-traded product (ETP) (which will be listed on the Swiss Six market).

Solana-Best 5 Cryptocurrencies Can Give Maximum Returns - Daily Finance Facts

4. Polygon (MATIC)

Polygon (MATIC) must make up a lot of ground. This is, nevertheless, a beneficial thing in this circumstance. It’s down 57 percent from its all-time high of $2.62 recorded on May 18 to $1.11. It’s also down over 40% in the last month and 9% in the last 24 hours. While such drops are now above the market’s average, Polygon’s platform potential suggests that some significant short-term rebounds are possible in the coming weeks.

MATIC has gained roughly 208 percent in the last 90 days, making it the third-best performing cryptocurrency. It’s also up 5,500 percent in the last year, indicating that it now has a large base of investors eager to drive its price higher should conditions improve. Polygon has received a significant level of use and adoption as a platform. It just introduced Avail, a general-purpose blockchain that is meant to give scalable transaction data to chains.

5. Waves (WAVES)

WAVES’ recent success has clearly established it as one of the finest Cryptocurrencies Can Give Maximum Returns. In the last 24 hours, it has grown by 9% to $16.51. This is also a 32 percent rise in the last week, and a 26.7 percent increase over the last 30 days.

WAVES is currently 61 percent below its all-time high, despite outperforming other cryptocurrencies over the last 30 and 90 days. This provides it with a lot of space to grow in the immediate future. Waves’ function as a platform — assisting users in the creation and launch of custom tokens — is expected to continue to develop as long as NFTs and DeFi do. For example, towards the end of April, the Neutrino Protocol – a Waves-based platform that allows for asset tokenization — celebrated $1 billion in total value locked in. Expect future price increases as Waves expands its user base.

Best 5 Cryptocurrencies Can Give Maximum Returns - Daily Finance Facts

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