Cryptocurrency is the most sought-after Internet content discussed in today’s social media and television shows. Digital money has become a popular subject mainly because it is considered a long-term venture, is independent of government control, and does not follow traditional methods or investments to earn a profit or maintain an asset.
However, the cryptocurrency industry today has over 5000 different crypto coins. The crypto coins are versatile; you can use them in a shopping mall, make payments to an online casino after entering your TrueBlue casino login, and convert an asset into crypto coins and much more. Here is the best cryptocurrency for you to invest in and make the best for a profitable future:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- Binance Coin (BNB)
- Cardano (ADA)
1. Bitcoin (BTC)
Bitcoin is the longest surviving and most expensive in the world. The Bitcoin industry experiences a lot of noise and frequent share fluctuations. However, it is the most versatile of all crypto coins available. You can use the coin to shop online, play games to get no deposit bonus casino Australia or enjoy any other casinos offering bitcoin payment, and more. Plus, bitcoin holds the largest market share amongst all crypto coins with 40%.
Investors should keep their emotions from their cryptocurrency investments, especially with bitcoin. One has to ignore the rampant “Noise” to take the best out of Bitcoin; it includes hyped-up speculations, continuous fad content regarding the crypto coin. Do your research on the coin, and you will find Forbes Magazine ranks it first, calling it a “household name” with a growth rate of over 6300% in only five years as of June 2021. If you’re considering investing in Bitcoin, you can easily buy Bitcoin with a debit card to get started. A sudden drop in the price of the shares should be alarming if you consider the crypto coin a long-term investment. Fluctuations and coin instability are expected as the market advances, but Bitcoin retains its market share, price, and volume.
2. Ethereum (ETH)
Ethereum is an intelligent cryptocurrency investment for anyone willing to explore blockchain technology in detail. The crypto coin and online technological blockchain platform allow individuals to explore the technology at a comprehensive stature. You become conversant and more knowledgeable on subjects such as smart contracts. These are agreements that have an automatic execution period with a condition. The contract is executable only when the condition set is met. You also get acquainted with NFTs or non-fungible tokens.
The crypto coin is one of the fastest-growing cryptocurrencies. Forbes indicates that the Ethereum currency price has grown by 22,000% since entering the crypto market. The coin that first sold at $11 is now selling at $2,500, making it a lucrative investment option. The only challenge is that the crypto coin only has one platform to conduct all of its transactions. The blockchain Ethereum wallet can present challenges with delays in processing transactions.
3. Tether (USDT)
Tether eliminates all volatility by providing a stable crypto coin when trading. The cryptocurrency coin stability arises from the rumours that each coin has an equivalent dollar or Euro in value in the Federal Bank Reserve in the US and UK. Investors who desire a consistent or stable coin when trading is welcome to invest using Tether. The cryptocurrency coin holds a market value of over $62 billion in the cryptocurrency market.
The only catch with a Tether crypto coin is that the stability would collapse if the reserve for the tether unit in Euro and Dollar were disproven. These are the only features that make the coin stable and convenient for investors to use in their trading activities.
4. Binance Coin (BNB)
After the boom in 2017, most cryptocurrencies lost their momentum, never to rank high again. However, Binance Coin has taken to the beat and is slowly making its way back to the very top since then. The stability exhibited by the Binance coin is something every investor looks for in a potential investment. The cryptocurrency coin is a trading platform. Binance is also useful when trading with other companies or business enterprises. If travelling, make payments and book hotels using Binance Coin. Also, you can convert Binance Coin into Bitcoin or select Ethereum crypto coins depending on your trading needs.
Binance coin was an unexpected venture that had no hope. However, with cryptocurrencies, the phrase “Expecting the unexpected is the new norm” sounds rather usual. The coin started at a low of $0.10 and is currently selling at $350 in three years. Any investment into Binance coin is advisable as the growth rate is at 350,000%. The price may not be as high as bitcoin or Ethereum, but it is a milestone of expectations and stability the Binance Coin exhibits.
5. Cardano (ADA)
Cardano has similar technology and application with the Ethereum coins. You can carry out decentralised transactions and applications plus smart contracts while on the ADA platform. ADA was the initial technology that launched Cardano crypto coins into the market. Cardano also takes the best out of the most popular crypto coin in the market, Bitcoin, by improving its transaction period validation process, eliminating any waiting period while carrying out a transaction with Cardano coins. It solves the problems associated with verification processes and eliminates competition on this front.
The lucrative environment is still not a trusted front for investing in Cardano. However, the crypto coin has exhibited a continuous growth rate in its share prices from a low of $0.02 to a high of $1.50 as of 2021 from its launch in 2017. The percentage increase is an all-time high of 7,400%, which is worth considering investing in Cardano. However, very few people are adopting crypto coins which are an essential determinant in making an investment decision. Adopters increase the number of coin users around the world, and thus, better trading opportunities.
Summary
The top 5 cryptocurrencies you can use for investment include Bitcoin, Ethereum, Tether, Cardano, and Binance Coin. These are the most dynamic crypto coins, the most stable, and offer the lowest volatility rates. However, they are all subject to the market, and most individuals prefer a stable working environment, convenient transactions, and unique blockchain technology features to explore. All of the above cryptocurrencies offer all these making them the best in the market.
.jpg)
