The Top 3 Cryptocurrencies to Invest In This January
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Chapter 1: Introduction to January's Crypto Landscape
The beginning of 2022 has seen a subdued atmosphere in the cryptocurrency market. This is largely due to investor apprehensions surrounding the Federal Reserve's assertive stance. With the bank already beginning to tighten its monetary policy, indications suggest that interest rates may rise again in the near future.
Section 1.1: NEAR Protocol
One of the notable contenders in the blockchain arena is NEAR Protocol, known for its rapid growth and competition with Ethereum. What sets it apart is its innovative sharding technology that enhances speed.
Phase zero of its Nightshade sharding was initiated in November of the previous year, with plans to introduce subsequent phases in 2022. This development has significantly boosted NEAR's valuation, which has surged by 170% since its December lows. The excitement surrounding the implementation of sharding and the integration of Terra has propelled the network’s market capitalization beyond $10 billion.
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Subsection 1.1.1: Hedera Hashgraph
Hedera Hashgraph emerges as another blockchain solution aiming to outshine Ethereum. Targeting major enterprises like Alphabet and IBM, Hedera facilitates smart contracts with its native token, HBAR. Since December’s lows, HBAR has appreciated by 62%, boosting Hedera's market capitalization to $6.2 billion, making it the 34th largest cryptocurrency worldwide.
The platform boasts various applications, including digital payments, fraud prevention, and identity management, and is governed by a board that includes companies such as Servicenow and Tata.
Section 1.2: Cosmos
Cosmos is a leading blockchain network underpinning numerous cryptocurrencies. It employs Inter-Blockchain Communication (IBC) technology, enabling seamless transactions across different blockchains. Over 250 cryptocurrencies, valued collectively at more than $160 billion, rely on Cosmos, with ATOM being its native token.
This platform is also favored for application development. A prime example is Osmosis, a decentralized exchange (DEX) that has witnessed a total value exceeding $1 billion. Built with Tendermint, Osmosis is an integral part of the Cosmos ecosystem.
For ongoing updates and forecasts, follow Fat Pig Signals. To anticipate market movements, it's crucial to analyze historical data through technical and fundamental assessments. This involves scrutinizing price patterns over various time frames, from hours to months, to identify trends for short-term trading or portfolio management.
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Chapter 2: Video Insights for January Investments
In the video "Best cryptocurrencies of the week! January 4, 2022," insights are provided on the most promising cryptocurrencies to consider for investment at the start of the year.
The video titled "Best Coins to Buy Right Now (January 2024) | Top 5 Best Cryptocurrency to Invest" offers valuable recommendations for cryptocurrencies that are currently trending as top investment choices.
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