Wondering what are the best cryptocurrencies in today’s market should you invest? If your answer is yes, then I am here to help you out.
The crypto industry has a lot of coins. But not all the coins can make you profit. There are some coins that are just created for making money only.
So if you are too looking ahead to invest in cryptocurrencies, then let me just mention the best cryptocurrencies in today’s market should you invest. So let’s just head into the topic without wasting much of the time:
Best cryptocurrencies in today’s market should you invest
First of all, I have the Bitcoin. And it is the original cryptocurrency. And if you are a believer in tech, then this is the best coin you should invest in. Bitcoin was the first cryptocurrency that was launched in 2009. And it was created by an anonymous developer named Satoshi Nakamoto. And he was the one who discovered the concept of blockchain, which is basically a public ledger where all the transactions are recorded.
Bitcoin is basically digital money that can be accessed digitally. Unlike gold or silver, it does not exists in reality. And according to many experts, Bitcoin is the currency of the future. And the coin has the potential of changing how banks are working in today’s time.
For my next, I have the Ethereum. And after Bitcoin, this one is the second best known cryptocurrency in the world. However, unlike Bitcoin, Ethereum is not just a cryptocurrency that is treated as an investment option only. But the Ethereum blockchain has a smart and development platform that currently serves as a base for several successful distributed apps in the market.
And just because Ethereum is not really a cryptocurrency and more than that. Hence, it is nearly impossible for the coin to go vanish overnight. Also, Ethereum still has an active development phase. And there are quite a lot of developments that are happening around this technology. And these developments would only increase the usages of Ethereum or buying an ethereum future contract.
As a result, it will help to increase the price of the coin too. So definitely, it is one of the best cryptocurrencies in today’s market you should invest in.
Up next, there is the Ripple. And it is also one of the best cryptocurrencies in today’s market should you invest. Unlike other cryptocurrencies in the market, Ripple has a completely different approach to solving the problem that Bitcoin is trying to solve.
Ripple wants to simplify the problem of sending and receiving money over the world instantly and for lower bees. At one side where Bitcoin has only managed to be a good investment option. Ripple is actually making some progress.
Ripple is currently working with quite a lot of banks from around the globe to become the official payment solution. As well as, Ripple aims to beat banks and financial institutions to the money transfer game.
And in case, Ripple gets success in its mission. The price of Ripple will go way higher. Currently the coin is available at a low price. And this is what makes it a great option for long term investment.
Monero or XMR is also one of the best cryptocurrencies that you can invest in. The best part of Monero is that it is secure, private and untraceable cryptocurrency. The crypto coin was founded back in 2014. And according to people, when you use Monero, you are the bank of your funds. As you will get complete control over your funds. As well as on your privacy. You will be able to send and spends funds privately. And there is no one who can track your activities.
Monero is also a decentralized cryptocurrency in which transactions are confirmed by the distributed consensus and then immutably recorded on the blockchain. And there is no third party trust required.
As well as this, crypto coin uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. And as this crypto coin is offering these features, it will attract more people to start using the coin. And eventually, it will help the price of Monero to go up, and it would be profitable in the future.
So those were some of the Best cryptocurrencies in today’s market should you invest. Overall, before you invest in any coin, it is advisable that you do proper research about different factors. Like future productions, the purpose behind the coin. Also, you should invest in multiple coins. This will save you from facing losses. Anyway, if you have any more questions to ask. Then do feel free to comment below, and I will surely help you out.