Crypto for Christmas? 5 Cryptocurrencies to Buy in the Holidays

Original author: Alan Draper

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Christmas is just around the corner and this season is typically a time of buying gifts, exchanging cards, and spending time with people you love.

However, the latest weakness in the crypto market has created yet another opportunity to open long positions in digital assets at more attractive prices during the holidays.

Remember that crypto markets remain open all year long and, in the spirit of the well-known Christmas shopping spree, the following is a selection of top five crypto assets to consider buying during the holidays.

#1 – StakeMoon (SMOON)

The developers of StakeCoins.com have launched their native token already and listed it on the popular decentralized exchange PancakeSwap.

StakeMoon seeks to become a universal token for people to stake their crypto assets without hassles. Moreover, the tokenomics of SMOON has been designed to encourage long-term HODLing by introducing a 15% tax on all short-term transactions.

Periodical dividends and token burns, a thoroughly outlined road map, and a strong developing team backing the project are just some of the characteristics that make this token stand out from other alternatives as we head to the beginning of 2022.

You can find more information about StakeMoon in any of the following links:

Website: https://stakecoins.com/

Telegram: https://t.me/StakeMoonOfficial

Twitter: https://twitter.com/stakecoins

Instagram: https://www.instagram.com/stakemoon/

#2 – Bitcoin (BTC)

The price of the queen of the crypto realm has taken a breather in December following the rally that pushed it to all-time highs last month.

Considering the pace at which inflation is accelerating in the United States and other developing countries, the demand for a decentralized store of value like Bitcoin (BTC) will likely surge in the following years and investors should take the appropriate measures to protect the purchasing power of their holdings from eroding.

#3 – Solana (SOL)

Ethereum’s struggles including elevated gas fees and network congestion have made Solana stand out as a potential alternative to the leading smart contract’s platform.

Solana offers faster and cheaper transaction processing and has already proven its ability to cope with elevated network usage levels as thousands of investors have turned to the network to mint non-fungible tokens (NFTs).

If Solana turns out to be the definite Ethereum-killer, its price could be propelled next year – particularly if more developers start to migrate to the platform.

#4 – Binance Coin (BNB)

Binance is one of the world’s largest cryptocurrency exchanges with over 20 registered customers. Its native token BNB is used to pay for transaction fees within the platform and Binance uses a fifth of its earnings to burn a portion of the token’s total supply.

The goal of Binance is to burn half of the total supply of BNB through periodical (typically quarterly) token burns. This favors a bullish case for Binance Coin, especially if more developers continue to use its network to develop decentralized apps.

#5 – Axie Infinity (AXS)

Decentralized gaming is an innovative concept that promotes a growing trend in the industry known as play-to-earn.

Typically, users will pay to play the games they love. However, Axie Infinity and other gaming projects are changing that paradigm by allowing users to progressively mint and earn tokens while they spend time playing a certain game.

These tokens can be later on sold to other users who need them to buy gear within the game or pay for subscription fees.

This trend is relatively new and millions of gamers around the world are still not familiar with how it works. Therefore, the upside potential for Axie Infinity could be huge if user numbers increase exponentially as the model benefits players in a way that has never been seen by the community.