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Buying low-risk cryptocurrencies: 3 altcoins of choice

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Polygon (MATIC)

Occasionally appearing in CoinMarketCap’s top 10, its price has risen impressively since October 2022, while other cryptocurrencies continue to struggle during the cryptowinter.

This is largely due to several partnerships, including a collaboration with Robinhood for its new Web3 wallet. In addition, Polygon has partnered with Meta to help realize its NFT vision and with Nubank to host its NuCoin cryptocurrency.

It’s clear that all of these companies appreciate the value of the Polygon network and its promise of faster, cheaper and more secure transactions. It has already helped developers launch more than 20,000 DApps, has more than 130 million unique users and millions of daily transactions. So Polygon can be counted on for the long term.

Understanding scalability in just 3 minutes

Polkadot (DOT)

Unlike Polygon, which runs on Ethereum, Polkadot is a tier 1 blockchain and aims to enable cross-platform interactions through parachains. Polkadot makes its parachains available to many projects and, in fact, has become the top blockchain in terms of developer activity, according to Santiment data.

Polkadot developers continue to introduce enhancements to the network, including a new consensus protocol that will enable network speeds between 100,000 and 1,000,000,000 TPS. This will continue to attract more developers and thus improve the profile of the network’s native token, DOT.

See also. Ripple (XRP) predicted to hit $1 in a few months, if it wins its near-finished SEC lawsuit

Ripple (XRP)

Ripple Labs has been engaged in a legal battle with the SEC since 2019, a battle that now appears to be nearing its conclusion. Once this episode is over, XRP’s value should skyrocket, especially since the battle seems to be in the fintech’s favor.

Considering that the cryptocurrency has weathered the storm without losing its place in the top 10, it has proven its long-term strength. Moreover, it has also been the cross-border payment solution not only for individuals, but also for financial institutions, proving that it has real world utility.

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