Earning money through investment looks like a “financial dream”, most people feel the investment is a risk process to consider.
However, making a suitable investment will make a huge difference. Yes, you’ve heard it right. Investing is an excellent way of generating passive money and possibly improving the value of the asset held, over a period of time.
The term “investment”, people might think of property, shares, but the investment could be equally cryptocurrencies. Cryptocurrency is increasing broader adoption among most investors. Popular cryptocurrency organizations are making it much easier for people to get started.
Decentralized finance DeFi is growing in popularity. These projects use blockchain technology. No middlemen such as centralized financial and banks are involved. The key benefit of cryptocurrency is quick transactions, better access, low transaction price, etc.
Want to invest in the best cryptocurrencies? Yes!!! You’re on the right track. There are over 7 thousand cryptocurrencies in the market. This could be overwhelming for investors to choose the best cryptocurrency. For crypto investments, the below-mentioned cryptocurrencies are the popular contenders.
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Bitcoin (BTC)
The cryptocurrency was founded by Satoshi Nakamoto in 2008. Bitcoin began to use in the year 2009 when the cryptocurrency was published as open-source software. The bitcoin is created as a reward for the mining process.
Bitcoin (BTC) is a good investment for new and existing investors. From its inception, the Bitcoin value has been increased to 9 million per cent. All it started from 0.008 dollars. Sounds amazing right!!! In April 2017, the value of Bitcoin has reached 20,000 dollars. In April 2020, Bitcoin (BTC) has reached 65 dollars. With the Chinese crackdown, the value of Bitcoin got decreased, it has reached 30,000 dollars. But now, cryptocurrency is catching up with 57,770.86 dollars. Keeping it simple, the dip in Bitcoin value has opened multiple opportunities for investors worldwide who are planning to earn side income on Bitcoin’s potential.
Bitcoin Cash (BCH)
Bitcoin is the first cryptocurrency. Also, it became popular in no time. But, there is one aspect of Bitcoin that most of the investors are frustrated i.e small size of blocks of the data. The data was capped at 1MB (megabyte). The transaction time is slow and processing charges are high. Bitcoin Cash (BCH) is here to rescue. BCH is considered the 12th most valuable crypto around the world.
All the investors out there, invest in Bitcoin cash (BCH) and get benefited. The current price of BCH is $686.56. With the low price, the trading volume is increasing day by day.
Ethereum (ETH)
Ethereum is the decentralized blockchain system that has features its own cryptocurrency – Ether. Ethereum (ETH) operates as the platform for several other cryptocurrencies. Sounds amazing right! Ethereum (ETH) whitepaper was introduced in 2013 by Vitalik Buterin. Later, the project received funding in 2014. Finally, Ethereum launched blockchain in 2015.
The ultimate goal of the Ethereum project is to become a global destination for decentralized applications. Users around the world can easily write or run applications that are resistant to fraud, hackers, downtime and censorship.
Ethereum is the leading crypto that investors can easily bank upon. Right from the origin, Ethereum (ETH) network is an excellent platform for blockchain-related applications. With the advanced growth in DeFi, Ethereum got benefits from it. The price of Ethereum is $3,225.44 USD. There are over 112 million Ethereum coins that existed in circulation. The price of Ethereum is low. As new launches are coming on the way, Ethereum price will skyrocket again. Don’t waste your time, invest in Ethereum.
Cardano (ADA)
Similar to Ethereum (ETH), Cardano (ADA) is the leading decentralized blockchain destination that uses its own or native cryptocurrency to enable high-secure p2p transactions. ADA was introduced by Charles Hoskinson in 2015. The Cardano was built to use the energy that is demanded by crypto’s Bitcoin and Ethereum. It uses a proof-of-stake protocol for validating the transaction. This is the key reason for investors to choose Cardano. As per analysis, Cardano (ADA) is the 4th most valuable crypto in the market. The Cardano price is $2.10 today. The price is pretty cheaper when compared to other popular cryptocurrencies. Keep a note, the price may vary from time to time.
Litecoin (LTC)
Looking for valuable cryptocurrency to invest in? Look no further than Litecoin (LTC). The cryptocurrency Litecoin was founded by Charlie Lee in 2015.
Litecoin has $9.2 billion as its market cap. Litecoin is the oldest crypto available in the crypto market. The reason to invest in Litecoin (LTC) is for the past year, Litecoin has gained an excellent reputation i.e 215%. The transactions are processed are quicker than other cryptos. Litecoin transmission time is 2.5 minutes, Bitcoin (BTC) and other cryptos require 9 minutes. On the other hand, the transaction cost is 40% cheaper than Bitcoin (BTC). The price of Litecoin today is $182.75 USD. More than 2000 stores are accepting Litecoin.
Dogecoin (DOGE)
Similar to Bitcoin (BTC), Dogecoin is the open-source currency introduced in 2013. The founder of Dogecoin (DOGE) is Jackson Palmer and Billy Markus. The technology used for Dogecoin proof-of-work is based on Litecoin. The cryptocurrency Dogecoin has gained immense popularity worldwide. Investors can easily buy or sell Dogecoin (DOGE) on several digital currency exchange platforms. Also, they can opt to secure or store their Dogecoin in “Dogecoin Wallet”.
Dogecoin is considered a top 5 cryptocurrency. Currently, the value of Dogecoin (DOGE) is $0.325219. Dogecoin (DOGE) is decreased 3% in the last 24 hours. There are 130 billion Dogecoins in circulation. Though the cryptocurrency is falling down, market experts believe that DOGE will surely reach new heights.
Conclusion
Popular cryptocurrencies such as Bitcoin, Ethereum and Litecoin are attracting investors around the world. Also, hundreds of businesses are accepting cryptocurrency as their payment method. They strongly believe that cryptocurrencies are the legitimate way of transferring money. Since cryptocurrencies are booming, it’s the perfect time to invest. Based on your requirement and budget, choose the best cryptocurrency to invest in.
