Are you looking at the top cryptocurrency to invest in? In this post, you’ll learn the best cryptocurrency that you can invest in.
What is cryptocurrency?
Cryptocurrency is simply a digital currency that works as a medium of exchange and uses cryptography to secure, verify transactions and control creation of a new unit. Also, are limited entries in a database that no one can change until specific conditions are fulfilled.
When investing in cryptocurrency there are many factors you need to consider.
Some of those factors are as follows:
• Duration –Do you want to go for long term or short term investment?
• How to create your investment portfolio –the best way is to create a portfolio with some cryptocurrencies
• How to keep your cryptocurrency safe.
• The best time to invest
• The crypto Risk and how to reduce –Risks of cryptocurrency etc.
What is the best cryptocurrency to invest in right now?
There are many cryptocurrencies out there and some of them have been doing well for a long time and you can check their trend to agree with me.
Here is the top cryptocurrency to invest in.
1. Ethereum (ETH)
One of the best cryptocurrency to invest in is Ethereum. Ethereum was created in 2015 by Vitalik Buterin and has a transaction speed of a few seconds compared to Bitcoins which take 10 minutes or more.
Ethereum is used by developers to develop and publish decentralized applications (Dapps) and it’s showing a great success. It’s the world’s second-biggest cryptocurrency after Bitcoins.
2. Litecoin (LTC)
Lite coin was created in 2011 by Charlie Lee who is an ex-Google employee. It’s a fork of Bitcoin and as the name suggests ‘lite’ coin, it was created with the aim to improve bitcoins and make it lite thus lite coin.
Lite coin transactions is faster which takes around 2.5min compare to bitcoins which take 10 min to complete a transaction. It has been at the top for a long time showing a great success. So, if you want the best cryptocurrency to invest in then, a lite coin is a great deal.
3. Ripple (XRP)
Another great top cryptocurrency to invest in is Ripple .it’s an open digital payment network which some of the largest bank (Bank of Tokyo and Santander) in the world are using. It’s a very fast network which takes less than 10 sec.
It’s was created 2012 aiming to make international payment transfer transactions fast and cheap. Ripple doesn’t use block chains like other cryptocurrencies instead, it use an iterative consensus process.
4. Bitcoin Cash (BCH)
Bitcoin Cash is another top cryptocurrency to invest in. It’s was forked 2016 by bitcoins itself and is supported by bitcoin mining company. The main purpose was to solve the problem that was existing like scalability and transaction fees.
Bitcoin Cash block size is 8MB which is bigger compared to bitcoin block size which is 1MB and by this, it makes the transition faster than Bitcoins. Also, Bitcoin Cash transaction fee is lower than that of bitcoins. So, you can see Bitcoin Cash is performing well and has soared to the top cryptocurrencies.
5. Bitcoin (BTC)
One of the top cryptocurrency to invest in is Bitcoin. Being the first ever cryptocurrencies or the oldest cryptocurrency, is already established as an accepted mode of payment in many places. Bitcoin has surpassed all expectations in value and popularity.
Bitcoins is widely accepted, easily sold, bought, and traded. It has the biggest community of developers and investors backing it up for growth and in the recent trend we can see bitcoins is still growing showing high hope in the future.
It has remained at the top so, you can invest in it.
At this point, you know the top cryptocurrencies that you can invest in. From the above list, you can select your investment portfolio depending on your aim and purpose.
If you decide to invest in cryptocurrencies you need to know their market keep on fluctuating and, they‘re high-risk investments.
For more insight about cryptocurrencies, you can follow cryptocurrencies platforms where you can learn cryptocurrencies News.
Below are some group that discuss cryptocurrencies:
• Cryptocurrency Talk
• Cryptocurrency Subreddit
• BTC Warriors
• Cryptocurrency collectors club
• Cryptocurrency Academy
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