Top 10 Cryptocurrency Bullish Price Rallies After Elon’s Twitter Buyout
In 2022, the cryptocurrency business was still thriving, and many investors were hunting for digital currencies with profit-making potential. The market value of cryptocurrencies crossed $3 trillion for the first time in November last year. There is a lot of pressure on the volatility of well-known cryptocurrencies like Bitcoin, Ethereum, and Solana. How do you choose the best cryptocurrencies to buy in 2023 from a sea of more than 20,000 crypto coins? Because Elon Musk bought Twitter, we’ve compiled a list of the top ten cryptocurrencies whose prices will likely increase.
Cryptocurrency investors have been looking for the next Bitcoin or the best cryptocurrency to buy. Bitcoin is one of the most prominent cryptocurrencies. It was the first blockchain-based currency to enter the market successfully in 2009. Even though other cryptocurrencies have been created recently, Bitcoin is still the most popular. After Elon Musk’s takeover of Twitter, it has become one of the top ten cryptocurrencies to acquire as prices increase.
Ethereum was the first significant project to use smart contracts. With the help of these smart contracts, developers can build decentralized applications (dApps) for mobile and desktop devices on the blockchain. The ICO boom was started by the fact that thousands of tokens work on the Ethereum network. In 2023, Ethereum will be one of the best cryptocurrencies to acquire.
What was once a meme now has a purpose. At the moment, Dogecoin is mainly used to reward people on the internet who share helpful information or are just funny. In the last year, Dogecoin has been in the news for several reasons, including the Reddit incident and Elon Musk’s designation as “Dogefather.” The price of this product is expected to keep going up as long as it stays popular. After Elon Musk’s takeover of Twitter, it has become one of the top ten cryptocurrencies to acquire as prices increase.
Also read: Top 16 Amusing Facts About Cryptocurrency
Chainlink is one of the first blockchains to use an Oracle network to add data from outside the blockchain to smart contracts. That enables blockchains to interface with external data and conduct transactions securely. Experts think that the price of this cryptocurrency will go up because of how vital Chainlink’s technology is for making smart contracts.
Dogecoin started as a joke, but it quickly gained the ability to get more and more people to support it. Despite its humorous roots, SHIB has become a market-leading cryptocurrency with substantial selling attributes. After Elon Musk’s takeover of Twitter, it has become one of the top ten cryptocurrencies to acquire as prices increase. In 2021, the community also created an NFT project for SHIB, improving the cryptocurrency’s attraction to investors.
XRP is an open-source cryptocurrency with an open-source distributed ledger, the XRP ledger. It is the currency of Ripple, a blockchain company that facilitates global transactions. The people who made XRP say that it was made for payments and can make transactions faster and more securely than most other cryptocurrencies.
Polkadot is a blockchain network that is creating interoperability standards. It connects many chains within a single network and allows concurrent transactions. DOT is used for governance, connecting to parachains, and administration.
The objective of Ripple is to unleash global digital scalability and reduce the expenses associated with international money transfers. RippleNet is trying to reach this goal by putting its digital currency, XRP, on the cryptocurrency market. After Elon Musk’s takeover of Twitter, it has become one of the top ten cryptocurrencies to acquire as prices increase. Experts say that XRP and the strategy it is based on could go even further in the future. The XRP currency is nonetheless entangled in a legal issue with the SEC.
Binance Coin is used for trading other cryptocurrencies and paying fees on Binance, one of the more significant cryptocurrency exchanges. It was released in 2017 and may be used for several reasons, such as making travel arrangements. If you want to invest in cryptocurrencies for the first time, you should purchase Binance and then trade it for other top-tier cryptocurrencies.
Explaining why #Binance decided to invest $500 million into #ElonMusk‘s buyout of #Twitter, the CEO of the world’s largest crypto exhange said he was “extremely supportive” of freedom of speech.https://t.co/iCZV51dmWy
— The Hindu (@the_hindu) November 2, 2022
The Uniswap protocol, based on Ethereum, drives the Uniswap cryptocurrency exchange. This exchange employs an automated liquidity technique for trading without the involvement of banks or brokers. Also, Uniswap is an open-source platform, meaning anyone can use its technology to make their exchange platforms. Within a year of its introduction in 2020, this cryptocurrency became one of the most prominent in the city.