Top 10 Cryptocurrencies to Buy During Inflation for Good Income Later
These cryptocurrencies would provide the perfect haven against inflation in 2022
The crypto market has been experiencing significant downturns for the past several months. The months of May and June have been especially difficult for the investment community. The market capitalizations of some of the major cryptocurrencies have plunged and the digital asset market continues to lose more value as it continuously follows the stock market. Experts believe that fear and panic around an incoming recession and fierce headwinds caused by inflation are some of the major triggers that are causing even some of the best cryptocurrencies in the market to plunge. But as history dictates, investors keep returning back to cryptocurrencies to gain a safe hedge against investment. Currently, many investors are looking for the top cryptos to buy and ride out this inflation period as safely as possible. Here, we have listed some of the top cryptocurrencies that might act as a safe inflation hedge in 2022.
Bitcoin
Bitcoin is one of the most popular and most volatile cryptocurrencies in the market. But it serves as a good hedge against inflation. There are several experts who believe that Bitcoin is both deflationary and inflationary. However, the crypto’s total supply is capped at 21 million coins. Hence, when the final number of coins is reached, no matter tokens will be minted. This indicates that eventually, the token’s value will inherently arise in the future, making it a valuable hedge against inflation.
Ethereum
Even though the Ethereum prices are currently suffering due to various macroeconomic reasons, experts believe that the crypto might soon embark on its recovery journey as the market is quite excited about the launch of the ETH 2.0 upgrade. Unlike other cryptocurrencies, Ether does have a fixed supply cap. But it does have an inflation cap at 18 million new coins per year and a fixed inflation rate that issues 5 new coins for every block mined.
Binance Coin
Binance is the world’s largest cryptocurrency exchange that hosts a variety of trading functions. The firm burns its native BNB token every quarter through buybacks utilizing its operational profits and BNB reserves. As this burning continues, the value of its tokens is expected to significantly rise in the upcoming years. This makes it a perfect hedge against inflation.
Avalanche
Avalanche is a blockchain platform designed to support decentralized applications, which use self-executing smart contracts to offer services on the network. But is different from other cryptos due to its lightning transaction speed and its distinctive burning protocol. The platform is created to maximize investments through its burning protocol, which aims to boost the price of its native token, aiding its value in the long run.
XRP
XRP is a good investment during inflation because while mining the token, investors need to pay fees for every transaction. These charges are not sent to any central authority or even as a reward to validators. Instead, the developers burn them, making them a deflationary coin.
Crypto.com
CRO is the native token of the crypto.com platform. Before the launch of this platform, the developers burnt nearly 70 billion CROs, estimating around US$10 billion. This integrating burning protocol makes it an efficient deflationary token and favorable crypto to buy during inflation.
Polygon
Polygon introduced its version of the Ethereum Hardfork, which makes its pricing more predictable, eventually making MATIC deflationary by burning coins. Its purpose is to avoid over-flooding the market with token circulation, eventually improving the overall value of the token.
Litecoin
Litecoin is quite similar to Bitcoin and hence would prove as a good investment during inflation. Its supply is designed to dip in the coming years, which will make its existing coins rise in value in the future.
EOS
EOS focuses on making blockchain operations more efficient and easier to handle. Its network uses a delegated proof-of-stake consensus mechanism, which deploys delegates for its governing protocol. EOS can also burn its tokens, given its community proposes to do so to curb inflation.
Bitcoin Cash
Bitcoin Cash’s supply is capped at 21 million coins. The crypto also reduces the rate of mining by almost 50% every four years, which indicates that its circulating supply also keeps decreasing. Due to coin burns, its market value has witnessed a price hike.
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These cryptocurrencies would provide the perfect haven against inflation in 2022
The crypto market has been experiencing significant downturns for the past several months. The months of May and June have been especially difficult for the investment community. The market capitalizations of some of the major cryptocurrencies have plunged and the digital asset market continues to lose more value as it continuously follows the stock market. Experts believe that fear and panic around an incoming recession and fierce headwinds caused by inflation are some of the major triggers that are causing even some of the best cryptocurrencies in the market to plunge. But as history dictates, investors keep returning back to cryptocurrencies to gain a safe hedge against investment. Currently, many investors are looking for the top cryptos to buy and ride out this inflation period as safely as possible. Here, we have listed some of the top cryptocurrencies that might act as a safe inflation hedge in 2022.
Bitcoin
Bitcoin is one of the most popular and most volatile cryptocurrencies in the market. But it serves as a good hedge against inflation. There are several experts who believe that Bitcoin is both deflationary and inflationary. However, the crypto’s total supply is capped at 21 million coins. Hence, when the final number of coins is reached, no matter tokens will be minted. This indicates that eventually, the token’s value will inherently arise in the future, making it a valuable hedge against inflation.
Ethereum
Even though the Ethereum prices are currently suffering due to various macroeconomic reasons, experts believe that the crypto might soon embark on its recovery journey as the market is quite excited about the launch of the ETH 2.0 upgrade. Unlike other cryptocurrencies, Ether does have a fixed supply cap. But it does have an inflation cap at 18 million new coins per year and a fixed inflation rate that issues 5 new coins for every block mined.
Binance Coin
Binance is the world’s largest cryptocurrency exchange that hosts a variety of trading functions. The firm burns its native BNB token every quarter through buybacks utilizing its operational profits and BNB reserves. As this burning continues, the value of its tokens is expected to significantly rise in the upcoming years. This makes it a perfect hedge against inflation.
Avalanche
Avalanche is a blockchain platform designed to support decentralized applications, which use self-executing smart contracts to offer services on the network. But is different from other cryptos due to its lightning transaction speed and its distinctive burning protocol. The platform is created to maximize investments through its burning protocol, which aims to boost the price of its native token, aiding its value in the long run.
XRP
XRP is a good investment during inflation because while mining the token, investors need to pay fees for every transaction. These charges are not sent to any central authority or even as a reward to validators. Instead, the developers burn them, making them a deflationary coin.
Crypto.com
CRO is the native token of the crypto.com platform. Before the launch of this platform, the developers burnt nearly 70 billion CROs, estimating around US$10 billion. This integrating burning protocol makes it an efficient deflationary token and favorable crypto to buy during inflation.
Polygon
Polygon introduced its version of the Ethereum Hardfork, which makes its pricing more predictable, eventually making MATIC deflationary by burning coins. Its purpose is to avoid over-flooding the market with token circulation, eventually improving the overall value of the token.
Litecoin
Litecoin is quite similar to Bitcoin and hence would prove as a good investment during inflation. Its supply is designed to dip in the coming years, which will make its existing coins rise in value in the future.
EOS
EOS focuses on making blockchain operations more efficient and easier to handle. Its network uses a delegated proof-of-stake consensus mechanism, which deploys delegates for its governing protocol. EOS can also burn its tokens, given its community proposes to do so to curb inflation.
Bitcoin Cash
Bitcoin Cash’s supply is capped at 21 million coins. The crypto also reduces the rate of mining by almost 50% every four years, which indicates that its circulating supply also keeps decreasing. Due to coin burns, its market value has witnessed a price hike.
The post Top 10 Cryptocurrencies to Buy During Inflation for Good Income Later appeared first on .
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