CRYPTOCURRENCY INVESTMENT IMPORTANT STABLE LAYER CRYPTO

Bitcoin is the most well known digital currency, trailed by Ethereum. Other than these two, a great many other digital currencies are accessible for speculation on different trades. Every one of these digital forms of money can be grouped into two classes: Layer 1 and Layer 2. Layer 1 cryptos are those with their own blockchains. Then again, Layer 2 cryptos are based on Layer 1 blockchains, utilizing shrewd agreements. Notwithstanding, there are some Layer 2 cryptos that don't use shrewd agreements. In a bear market like this, the main differentiator is utility or essentials.

Ethereum has been the favored blockchain for Layer 2 cryptos for a long time. In any case, the broad energy utilization because of the evidence of-work system has prompted the rise of blockchain networks like Solana, which utilize the confirmation of-stake component. With regards to basics, Layer 1 cryptos have the advantage. In this blog, we will talk about some speculation commendable Layer 1 cryptos to endure this bear market.

Best Layer 1 Cryptos To invest into in 2022

$SOL: $SOL (Solana) defines innovation and exists to make DeFi (decentralized finance) more accessible. The network continues to witness increased adoption of its blockchain by emerging crypto projects. It has emerged as a sustainable alternative to the Ethereum network. While Ethereum, too, has shifted to the proof-of-stake mechanism after the Merge, $SOL already fulfills the key demands of emerging crypto startups, i.e. lower transaction fees and faster transactions. The current market price of $SOL is $29.6, while its all-time high is $260.0.
$AVAX: $AVAX is the native token of the Avalanche ecosystem, which is famous for its lightning-fast and low-cost transactions. Moreover, $AVAX is one of the top eco-friendly smart contracts platforms, enabling the development of decentralized applications. Recently, the leading NFT marketplace OpenSea has been launched on the $AVAX blockchain. $AVAX touched an all-time high of $146.22 during the 2021 bull run. The Layer 1 crypto is now trading at around $15.02.
$AZERO: $AZERO is the native token of enterprise-grade public blockchain Aleph Zero, a platform tailor-made for enterprise, DeFi, and Web3.0 use cases. The platform is about to integrate a privacy framework based on Zero-Knowledge Proofs to enhance functionality. Scalability, security, and decentralization are at the core of the platform. Aleph Zero is highly likely to witness increased adoption in the coming years. Therefore, it is one of the top Layer 1 cryptos on my watchlist. $AZERO currently trades at around $0.87, whereas its all-time high is $3.09.

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