Which Cryptos to Buy for Best Returns – TAMA, XRP, ADA
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
As September closes, the crypto market is again looking to overcome bearish pressure. However, several assets could still provide gains regardless. This article will review cryptos to buy for best returns.
1. Tamadoge (TAMA)
TAMA kicks off our list of cryptos to buy for best returns. The coin underpins Tamadoge – a blockchain game with significant growth potential.
In Tamadoge, players are transported to a virtual world where they can purchase digital pets represented by NFTs. The goal is to grow the pets and use them to battle other players’ pets. As players win battles, they earn rewards in the form of TAMA tokens.
TAMA has been one of the most exciting coins on the market. Its presale lasted just eight weeks, and the token raked in $19 million. TAMA was listed on the OKX exchange after its presale success earlier this week. Since its listing, TAMA’s trading volume has surpassed $10 million, a clear indicator of rising investor interest.
TAMA currently trades at $0.022, representing a downtrend of 0.145% in the past 24 hours. Despite the price drop, the asset remains one of the market’s top meme coins.
We believe TAMA could be a good long-term pickup for most crypto investors. Tamadoge is gearing up for a full launch, meaning that players would be able to enjoy the game and, more importantly, use TAMA for transactions. A surge in adoption should lead to TAMA’s growth.
Note that traders worldwide can buy TAMA on OKX DEX.
2. XRP (XRP)
Ripple Labs is the crypto industry’s standard for cross-border payments. Its token, XRP, is intended to power a new age of international transaction settlement, with faster and cheaper transactions becoming the norm.
Currently, XRP is on an impressive price run. The crypto asset trades at 0.49%, marking an 11.8% 24-hour uptrend. XRP has outperformed the broader crypto market.
A recent development in the ongoing case between Ripple and the Securities and Exchange Commission (SEC) appears to have encouraged this gain. Earlier this week, U.S. District Court Judge Analisa Torres ordered the financial regulator to turn over the transcripts of a speech given by former Commission Director William Hinman on the nature of several crypto assets.
Ripple considers the speech to be a key piece of evidence that depicts the lack of merit in the SEC’s claim that XRP is a security.
For weeks now, there has been renewed hope that the Ripple-SEC case could be heading towards a conclusion.
3. Cardano (ADA)
Investors seeking cryptos to buy for best returns can also consider ADA. The asset is the native token for Cardano, one of the market’s oldest and most popular blockchains.
Trading at $0.438, ADA is on a 0.35% uptrend in the past 24 hours. Just like XRP, ADA has outperformed the market.
The crypto asset is looking more attractive as a prospective investment thanks to the recent completion of the Cardano blockchain’s Vasil hard fork. The upgrade officially went live earlier this month to the delight of Cardano developers and investors.
#Vasil mainnet HFC event successful!🍾
— Input Output (@InputOutputHK) September 22, 2022
We’re happy to announce that today, at 21:44:00 UTC, the IOG team, in collaboration with the @CardanoStiftung, successfully hard forked the Cardano mainnet via a HFC event, thus deploying new #Vasil features to the chain.
🧶1/5
Vasil is expected to cut transaction costs on the Cardano blockchain and improve its throughput. The blockchain space is getting more competitive, and more platforms are optimizing their performance. Vasil represents Cardano’s attempt to stay competitive and attract developers.
Ethereum has now transitioned fully to proof-of-stake (PoS), and the upgrade is expected to improve the blockchain’s functionality down the line.
With the Merge now successfully completed, Ethereum is attracting significant investor attention.
Bank of America recently forecasted that the asset would attract more institutions, many of which would be more comfortable investing in it because of its eco-friendly operation.
With the possibility of earning returns via staking and its position in the market as a large-cap coin, Ethereum could be the best opportunity for these institutions to gain exposure to the crypto market.
ETH currently trades at $1,336, a drop of 0.32% in the past 24 hours.
5. FTX Token (FTT)
FTT is the native exchange token for FTX – one of the most popular cryptocurrency exchanges worldwide. The asset powers most of FTX’s initiatives. FTX is one of the fastest-growing companies in crypto, and there are opportunities for investors to capitalize on its growth using FTT.
Currently trading at $24.17, FTT has pumped by 0.12% in the past 24 hours.
FTX is in the midst of a massive expansion. The company recently won an auction bid to take over the assets of embattled crypto lending platform Celsius. Per the agreement, all Voyager customers would be moved to FTX once the lender’s bankruptcy proceedings are finalized.
Conclusion
Although the crypto market continues to struggle with bearish pressure, there are still coins that can deliver gains to investors. TAMA is an especially attractive asset at the moment. With a reliable use case and expected adoption on the horizon, TAMA could easily be the best option for value-seeking investors.
