What is Cryptocurrency?
Cryptocurrency is a digital payment system that doesn’t rely on banks to verify transactions. It’s a peer-to-peer system that can enable anyone anywhere to send and receive payments. Instead of being physical money carried around and exchanged in the real world, cryptocurrency payments exist purely as digital entries to an online database describing specific transactions. When you transfer cryptocurrency funds, the transactions are recorded in a public ledger. Cryptocurrency is stored in digital wallets.
The first cryptocurrency was Bitcoin, which was founded in 2009 and remains the best known today. Much of the interest in cryptocurrencies is to trade for profit, with speculators at times driving prices skyward.
How does cryptocurrency work?
Cryptocurrencies run on a distributed public ledger called blockchain, a record of all transactions updated and held by currency holders.
Units of cryptocurrency are created through a process called mining, which involves using computer power to solve complicated mathematical problems that generate coins. Users can also buy the currencies from brokers, then store and spend them using cryptographic wallets.
Cryptocurrency examples
There are thousands of cryptocurrencies. Some of the best-known include Bitcoin, Ethereum, XRP, LTC, etc.
Current Situation
Since the beginning of 2022, the cryptocurrency market cap has been corrected by over 60%. In such a volatile market, users may be looking for the top cryptocurrency to invest in now.
This guide shows investors how to invest during a bear market by suggesting the best cryptocurrencies at a cheap price that has huge growth potential.
HERE IS THE LIST OF 5 CRYPTOCURRENCIES TO BUY NOW AT A CHEAP PRICE:
Trace.Top Metaverse Token ($TRC): $TRC is the native token of Trace Metaverse, Trace is a geolocation-based metaverse with AR technology for smartphones. It is a virtual copy of the whole world’s map, where your avatar moves according to your geolocation. Trace is like Pokemon Go with the possibility of earning. You go, look for boxes inside which have valuable NFTs, go to work or school and earn money, you can also post something there, meet new friends and chat, pumping up your avatar, you earn all the time. In short, the game does not force narrow banal mechanics. You live your life, develop in the real and digital world in parallel and earn more. Trace missions to impress people to spend their lifetime using good habits, exploring surroundings, engaging in more communications in real life, and bringing them more motivation to move instead of sitting all the time in front of a computer.
When you move in the real world, your Trace avatar moves around the map in the metaverse. Trace governance token ($TRC) has only 5,000,000,000 token issuances and it has already raised more than 3.5 million USD. Trace will soon make its limited NFT sales; you may love to buy some rare NFTs so that you can be eligible to buy the token at their token pre-sale.
This real-life app has a strong possibility to explode in 2023, if you are a game and metaverse fan, Trace metaverse token (TRC) can be your big bet to be rich.
VITA INU TOKEN ($VINU): Vita Inu (VINU) is the governance token of the VINU Ecosystem and is the native token of the Vite DAG chain. VINU is the world’s first fast, feeless (and cheeky) dog-themed coin with high TPS and smart contracts.
VINU’s philosophy is to have fun, make new friends, and learn all about the greatest technological revolution of our lifetimes – cryptocurrency – within an engaging, viral ecosystem. In conjunction with the Vite network, Vita Inu seeks to play its part in building large DAG ecosystems where various cryptocurrencies may be moved around freely, securely, and efficiently.
VINU is a powerful multi-chain currency (BNB, Polygon, Ethereum, and others) and governance token of the Vinuverse. The VINU community believes cryptocurrencies should be moved around freely, securely, and efficiently. Vinupay, Vinuverse, Vinu games, and a lot more utilities already exist for this token. The current CoinMarketCap ranking is #797, with a live market cap of $6,697,633 USD. It has a circulating supply of 488,608,576,012,002 VINU coins and a max. Supply of 1,000,000,000,000,000 VINU coins. We can perfectly say, VINU is currently the world’s most favorite emerging meme token which has real-life use cases and strong community support and maybe the top 100 cryptocurrencies in the world soon.
You can trade $Vinu at Bybit, the best crypto exchange in India right now. If you are a meme token and fun lover, you may put your bet on the VINU token to be rich.
Social Good ($SG) Token: Social Good Foundation Inc.’s mission is to build the world’s largest global platform and to provide financial freedom to all people worldwide. The more they shop through the SocialGood App, the more assets users earn. There are over 1.85 million users from more than 200 countries and territories worldwide. The app has partnered with over 1,800 major shopping websites, and users can earn SocialGood ($SG) cryptocurrency in proportion to how much they spend at these stores. Social Good Foundation Inc. has registered 68 patents in Japan, including their patented Crypto Back system.
The more you participate in the growth of the SocialGood Ecosystem™, the more benefits you will gain. Supportive members of the community are more likely to earn 100% Crypto Back rewards. You could also win $1,000 worth of SG just by sharing a screenshot of your $SG earnings with the hashtag #SocialGoodApp_CryptoBack on social media.
Become a member of the Social Good app today by holding only 200 SG and get up to 100% cashback from all stores like Myntra, Flipkart, Make My Trip, and many more. The price of SG tokens is currently only $0.10 and has a possibility to go up to $506. If the social token is your favorite, you may put your bet on SG for a heavy gain.
Polygon ($MATIC): Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). The $MATIC token will continue to exist and will play an increasingly important role, in securing the system and enabling governance. Recently they announced partnerships with Disney, Instagram, Facebook, and many more. If you are a fan of Layer 2, Matic can be your steady bet.
BITDAO ($BIT): BitDAO is poised to be a major player and influencer in the decentralized tokenized economy. The flexibility and transparency of DAO governance allow BIT token holders to “build their own adventure”. BITDAO ($BIT) is supported by Bybit as well. BitDAO allows for multiple independent teams to coordinate proposals, negotiate partnerships, and develop products for BitDAO governance approval. There can be hundreds of developers and partnership coordinators contributing to the BitDAO mission. BIT token holders can pick and choose the best ideas. If you like DAO, $BIT can be your ideal bet.
CONCLUSION
With the current market correction at a big level, users are looking for what cryptos to buy in to make 50x-100x returns. After reviewing 5 top digital assets, we recommend $TRC, $VINU, and $SG as possible cryptocurrencies to explode very soon. However, please do your own research and make your investment decision accordingly only. Happy Trading!!
