Top 5 Cryptocurrencies to Invest in
Now, the same Cryptocurrency market has 21,750 different projects spread throughout the world. So, which one should you choose?
The market of Cryptocurrency has been in a tumultuous position since November 2021. And it continued to follow the same until October 2022. In the previous month, it got a welcoming break from all the issues it had been going through.
And I, for all, have become pretty hopeful regarding the future of Cryptocurrency.
Hence, in this article, I’m going to name some of the best Cryptos that you can invest in right now. Besides, some additional investment information will be available here too.
So, let’s get started!
5 Cryptocurrencies to Look Out for
Since its initiation in 2009, the Crypto market has become quite varied and complicated. It all started with the launch of BTC. However, now, the same market has 21,750 different projects spread throughout the world. So, which one should you choose?
Let’s find out.
1: Bitcoin (BTC).
Market Value: USD 325.3 billion.
There was a time when Bitcoin was free-flowing in the Cryptocurrency market. Nevertheless, as of now, it has been subdued a little due to the release and mining of the majority of coins.
In any case, it’s still the largest and most prominent Crypto available out there. And the price and volatility of it are going to decrease pretty soon as well.
So, if you have a lot of money sitting in your bank, you won’t go wrong with Bitcoin. Just be sure to create and follow a specific strategic path, and you’ll be fine.
2: Tether (USDT).
Market Value: USD 66.0 billion.
Unlike the aforementioned, Tether is a type of stablecoin. Therefore, its price doesn’t change too much, no matter what the condition of the current market is. Due to such consistency, it becomes easier for you to create a financial strategy and back it with a logical explanation.
However, even if you are trading a stablecoin, always try your best to opt for something safer. This way, your risk of getting hacked will be pretty low. Click to read more here.
3: Ethereum (ETH).
Market Value: USD 155.7 billion.
Although Bitcoin is the most popular Crypto in the market, it’s still quite limited when talking about usage. However, Ethereum, on the other hand, is much different.
Apart from using Ether (the coin of the platform), you can also employ it as a platform to get or create a smart contract. It can also be utilized to make NFTs. Due to this reason, the market value of Ethereum has been growing quite exponentially since the beginning.
And if you want to get a lot of money from your investment, make sure to put your money in it today. Don’t forget to make a proper plan beforehand, though.
4: US Dollar Coin (USDC).
Market Value: USD 44.3 Billion.
Like the aforementioned Tether, USDC is considered to be a stablecoin too. It depends on the US dollar and aims to keep the price notion at 1 USD - 1 USDC.
Also, it’s important to keep in mind that USDC is powered by Ethereum. Therefore, it may be used for something else, probably some sort of technological advancement, later on.
Oh, and yes - you can, indeed, use USDC to make or complete a global transaction. However, the only issue is that not everyone will accept it as a form of payment.
5: Binance Coin (BNB).
Market Value: USD 44.6 billion.
BNB, also known as Binance Coin, is a type of Crypto that can be used to pay fees and trade on Binance. In the beginning, the price of BNB was only USD 0.10. However, since then, it’s progressed quite massively and now has a cost of USD 279.00.
But before you do anything, remember you are not allowed to use BNB on anything else. It’s to be used on Binance and Binance only.
Wrapping It Up!
So, I think I have explained as much as I could about the Cryptocurrencies you need to invest in. However, if you want to add something else or are simply confused about a topic, please comment below. I’ll check it out as soon as I can and offer an answer to you promptly.
