Which cryptocurrency is on the rise today?

Most investors have doubts about which cryptocurrency is on the rise todayThis is especially true for those who are aware of these assets. Bitcoin is the best-known digital currency in the world and has a high value, but other tokens are on the rise. Check them out below. 

Which cryptocurrency is on the rise today

Cryptocurrencies are booming on the market, especially among people who invest in assets. In addition to Bitcoin, one of the best-known cryptocurrencies in the world, there are more promising tokens to invest in. 

Know which cryptocurrency is on the rise today is an important and recommended asset for diversifying an investment portfolio. However, as with any investment, there are risks when investing in this market. 

Cryptocurrencies work like traditional money, but all transactions take place on the internet. In addition, no body or government is responsible for issuing the assets, which exist solely online. 

These transactions take place through the blockchain system, a database that stores all the information about cryptocurrencies. Another feature of this investment is cryptography, which offers total security and protection for buying and selling cryptos. 

1. ethereum 

Ethereum, or ETC, was born with the intention of competing directly with Bitcoin. According to experts, the cryptocurrency has succeeded in achieving this goal. 

This is because this digital currency is currently being recognized for its great power and expansion in the market. 

In short, Ethereum is one of the most highly valued cryptocurrencies on the market, with the advantage of "tokenizing" physical assets. In other words, turning something from the real world into cryptocurrency. 

2. Bitcoin

Bitcoin is once again in the spotlight. According to experts, there has been a great deal of excitement about this digital currency in the last month. 

This is because, with the impact and anxiety of the US rate hike, this expectation has created a sense of recovery in the cryptocurrency.

This change has led to a crypto boom, with a good chance that the year will end positively for Bitcoin investors. 

The projection is based on the behavior of bitcoin. After all, in the month of September, even in the midst of a complicated economic scenario, this complication is coming to an end. 

3. Avalanche

Avalanche is yet another cryptocurrency that is gaining momentum in the market. With cheap transaction fees, this model reached a great peak of 3,326.70% in 2021. 

In this sense, when compared to Ethereum, this cryptocurrency offers investors superior advantages. This is thanks to the currency's scalability and programmability.

Avalanche is a network made up of three blockchains: C-Chain, X-Chain and P-Chain. 

4. Ripple

Ripple is another cryptocurrency that is gaining momentum in the investment market. The company of the same name develops technology for the traditional financial system, and made a big splash in September with these tokens. 

According to market data, Ripple reached a valuation of 49%, which directly contributed to the asset's observation today. 

Something that contributed to this valuation was the company's legal situation. This is because there is a legal dispute between the company and the SEC. 

5. Chiliz

Another token to watch these days is Chiliz, the blockchain of the Socios.com network, which is responsible for creating fan tokens for the market. 

These "fan tokens" work like a soccer team's supporters, rising 140% in the quarter and 11% last September. 

6. ChainLink

ChainLink is an altcoin that is being touted as one of the best alternatives at the moment, thanks to the lateralization of the market, i.e. the low volatility that is taking place. 

The last thirty days have seen this asset reach a significant milestone, with an appreciation of 14.52%. Experts expect the model to continue performing well. 

Finally, ChainLink is among the ten tokens that major investors are holding, representing a good force for growth in the short term. 

7. Polkadot

Polkadot is another asset with an excellent projection for 2022. Launched in 2016, this token was created to improve market scalability. 

In 2021, this cryptocurrency ended the year on a high note, reaching a peak of 187,40%. Today the crypto is among the top 10 cryptocurrencies on the market. 

What are the advantages and disadvantages of investing in cryptos?

Now that you know the main cryptocurrencies on the market, it's time to find out what the advantages and disadvantages of investing in this asset are. In addition to the possibility of buying services or products via the internet, the model also has the following benefits:

• Freedom: One of the greatest advantages of cryptocurrencies is the freedom of payment. The owners of these assets can buy and sell cryptos at any time via the blockchain system; 

• Security: Another feature of cryptocurrencies is the security of transactions. This is because the buying and selling of assets is done through the blockchain, as well as having an encryption system. All payments are made without linking personal names; 

• Transparency: Last but not least, the cryptocurrency scene is known for its transparency. All data is stored in the blockchain system. In other words, no one can manipulate the coins, as the protocol is public. 

However, as with any investment, there are some disadvantages to buying cryptocurrencies. Check them out below:

•  Volatility: The cryptocurrency market is marked by high volatility, i.e. there is a high degree of price adjustment; 

• Acceptance: Another point to note is the acceptance of this form of payment. After all, cryptocurrencies are very new in Brazil, and not all establishments accept this form of digital payment; 

• Single sign-on: Investors need to be very careful with their crypto wallets. This is because once the code is lost, it cannot be redeemed. 

How to buy cryptocurrencies

If you are interested in the cryptocurrency market, there are different ways to invest in the market. 

On the Brazilian Stock Exchange, for example, you can buy Ethereum tokens. This is one of the most highly valued cryptocurrencies today. 

There are some platforms that specialize in buying and selling these assets, such as XP. Anyway, if you prefer, contact a specialized broker to buy them.