Top trader Brian Jung shares the top 5 cryptos to invest in now!
In the recent video, the popular analyst Brian Jung shares with his 745K subscribers the top 5 cryptocurrencies with explosive potential this summer to invest in amid the recent market volatility.
“Any dips that we have I just see it as an opportunity to get the same type of deals that many investors got earlier this year”.
The first crypto on Brian Jung’s list is Ethereum (ETH), the number two cryptocurrency that allows smart contracts and decentralized applications to operate on its network.
“This cryptocurrency proves to be much more than your ordinary store of value that of Bitcoin claims to be and it allows users to create build and revolutionize the world through the use of its smart contracts”.
According to the trader, the distinctiveness of Ethereum is the seemingly unlimited use case it has that ranges from creating a social media network to filing storage, sending payments and even building networks of digital art NFT.
“The future of Ethereum is bright as they continue to make network upgrades to support the increasing demand in usage, I believe as the adoption of crypto continues, Ethereum will always be an essential network needed to supply the power and resources for many of these decentralized applications”.
Next on Brian’s list is Polygon (MATIC). Polygon, formerly known as Matic, is a framework to build Ethereum compatible blockchain networks.
“In recent months, several platforms, including SushiSwap, Infura, mStable, Curve Finance, Aave, Decentraland, and Atari, have launched on Polygon or partnered with it”.
“The ultimate framework aimed to enhance interoperability between Ethereum blockchain and compatible networks, has experienced a great inflow of traffic recently. It was driven by an impressive 26.700% spike in value of its native token MATIC since the beginning of 2021”.
Ranked at number 12th by market capitalization, Chainlink is also on the crypto KOL’s radar.
As Brain says, unlike many of the other projects in the space at this time, Chainlink doesn’t seek to compete against other cryptocurrencies. Instead, the platform wants to advance the entire sector via its unique protocols.
“Chainlink aims to link public blockchains to off-chain real-world entities such as APIs by using a secure, decentralized, and trustless system. Thereby, it offers crucial and much-needed services to public blockchains and businesses and provides much more flexibility for developers”.
Fourth on Brian’s list is Cardano (ADA), one of the most significant price jumps of any leading cryptocurrency in 2021 so far.
“Cardano is the first peer-reviewed blockchain to appear on the cryptocurrency scene. Before rolling out its protocols, the nonprofit responsible for Cardano assembled a team of scientists and other academics from various esteemed universities to review them extensively”.
Another feature that sets Cardano apart from its competitors is its proof-of-stake technology called Ouroboros.
“This algorithm grants miners more mining power according to the amount of coin they own. Created as a less risky alternative to the energy-sucking proof-of-work algorithm, POS is the original consensus algorithm for blockchain technology”.
The last crypto on Brian’s list is AAVE (AAVE). This next-gen protocol was one of the first to enable users to lend, borrow and earn interest on crypto assets.
“Best of all, there is no need for a middleman when you use Aave because the entire system is run autonomously via smart contracts that live on the Ethereum blockchain”, the trader says.
Aave has proven to be a driving force for innovation in the crypto sector. This network was way ahead of the DeFi curve. As such, it’s now one of the biggest players in the sector.
“Users enjoy a simplistic and secure DeFi experience when they utilize Aave. For these reasons, you can expect to continue to hear a lot more from this ingenuitive network in the coming weeks”.
Disclaimer: Opinions expressed at AZCoin News are not investment advice. Investors should do their due diligence before making any high-risk investments in cryptocurrencies. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. AZCoin News does not recommend the buying or selling of any cryptocurrencies.
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