South Americans have delved into crypto investing lately because of inflation which has affected their local currencies.
Mexico is one of those countries in Latin America with the highest number of crypto users and this means that more users will come from the country. If you’re a Mexican or you just live there, you may be wondering which crypto assets to buy or invest in.
In this guide, we list five of the best crypto assets you should invest in. Now is always the best time to buy crypto assets, so if you’re reading this, it’s time to buy.
Bitcoin (BTC)
Bitcoin hardly needs introduction as it is the leading crypto asset. It was also the first ever cryptocurrency to be created, so it is well known even among people who don’t know much about crypto.
Over the years, Bitcoin’s price has increased significantly and you can also attest to it as the price went up this year to hit a new all-time high. Experts believe that Bitcoin has just started on its journey and the price will climb much higher in the future.
Many people believe the asset is already too expensive for them to invest in, so they prefer those with lower value. However if you have a substantial amount to buy, it can be a good investment.
Solana (SOL)
If you’re one of those looking for promising crypto assets that are not as expensive as Bitcoin, Solana (SOL) is an option you should consider. The Solana network is a proof-of-stake (PoS) network that enables building and use of smart contracts and decentralized applications.
The network came after Ethereum but took the PoS space by storm because it offers more efficiency, speed and lower cost. This is the reason behind its growth and why the native token, SOL, has also increased in value.
Right now, the price of the asset is far below its 2021 all-time high, but analysts believe it could surpass that by far. This makes it a great investment option for the future.
Ethereum (ETH)
Ethereum is the most popular network after Bitcoin, and the token ETH is the second largest by market capitalization after Bitcoin as well. The network which is the foremost for smart contracts and decentralized applications holds many promises.
Though it has several weaknesses such as low scalability which led to high gas fees and the attendant issues, Ethereum seems determined to stay ahead. The team has scheduled a number of upgrades for 2024 to improve performance.
Analysts believe that with such upgrades, the network could perform better than Bitcoin in the year 2024.
Shiba Inu (SHIB)
Shiba Inu is an Ethereum-based meme token. The token has grown over the few years of its existence to become a huge force against Dogecoin, the first meme coin ever created. It is therefore fondly referred to as the DOGE Killer.
Shiba Inu was among top performers in 2021, and there are signs that it could do the same thing in 2024 and 2025. The team has put in place a burn mechanism to reduce the circulating supply, making it more valuable.
There are also new developments like the Layer 2 network Shibarium which makes its easier and cheaper to carry out SHIB transactions. However, SHIB is a wild token that can easily make or mar, so proceed with caution.
Binance Coin (BNB)
Binance Coin (BNB) is the crypto token used to power the Binance ecosystem, including blockchains and marketplaces. The token has therefore grown in value over the years as the Binance ecosystem is an efficient one.
Starting as a single digit token, it has grown to three digits in value and now ranks among the top ten assets by market cap. BNB has proven its resilience over the years as it continues to grow despite the challenges facing the Binance ecosystem, and it could grow even more in the coming months.
