Brazil is a crypto-friendly country for several reasons, one of which is that its currency has faced much inflation. While many Brazilians are already into crypto, many more are still on the way.
If you’re one of those on the way, your timing is great because the crypto market has just entered another bull cycle. The market is already preparing for the bull cycle and there’s no better time to enter it.
But which crypto assets should you invest in? This is a question that many investors grapple with. In this guide, we answer the question by highlighting some top crypto assets you can buy today to enjoy this bull cycle.
Bitcoin (BTC)
Bitcoin has been a reliable investment for well over a decade, and it is becoming even more popular. The number one cryptocurrency is often referred to as digital gold, a name it earned as a result of its performance over the years.
You can buy BTC on a number of exchanges in Brazil, and then hold it to wait for the price to go up. There are good reasons to expect the price of this crypto asset to rise in the coming weeks and months, one of which is the halving.
This event which happens once in roughly four years, has historically always led to a price surge, and this time is not expected to be different.
Ethereum (ETH)
Ethereum is the largest smart contract and decentralized applications network, and ETH is the native token used on the network. As the network grows, it is logical to expect the value of the token to also rise, and we expect to see a lot of that in 2024.
The Ethereum team has arranged a number of upgrades to improve its scalability, efficiency and lower transaction cost. These are the issues that have affected Ethereum over the years, and analysts believe the network will grow rapidly if they are addressed.
It is projected that the network will perform better than Bitcoin in 2024, and this means that the price of ETH could be doing some serious exploration.
Shiba Inu (SHIB)
If you’re into meme tokens, you may have heard of Shiba Inu. It is an Ethereum-based meme project that has grown rapidly in popularity and become the second after Dogecoin. You can easily earn some quick dollars on this token because of its high volatility.
However, the volatility can also go in the opposite direction and cause massive losses, so great care is advised. In fact, only experienced crypto investors should deal with SHIB as it can change direction very quickly.
The Shiba Inu team also has a lot going, adding new features that will boost the use cases of the project in order to make the token more valuable.
Solana (SOL)
This is a top proof-of-stake (PoS) blockchain network that currently competes with Ethereum and seems to be winning. It is more efficient, faster, and costs much less to do transactions. This makes it a preferred destination for developers and regular users.
Its native token, SOL has demonstrated great strength recently, becoming the best performing among the top ten assets in 2023. The token has already set the pace towards extraordinary performance in 2024 as well, making it an attractive choice for investors.
With the token, you can also stake, buy and sell non-fungible tokens, or just hold and wait for the price to rise as the bull cycle unfolds.
XRP
XRP is the crypto token used by leading cross-border payment settlement company, Ripple. The token is use to provide liquidity for sending money between countries in split seconds at a fraction of the cost.
As businesses around the world continue to seek more efficient and cost effective ways to send money, Ripple will likely continue to grow despite the challenges it faces from regulators in the U.S. this means XRP will also continue to grow in value in the future.
