The cryptocurrency market is one that has made huge waves over the
years. It gained more exposure this year, 2017, and still, more people are
learning about the different crypto coins there is each and every day.
Also known as virtual currencies, cryptocurrencies are simply the
new trend in payment and investment assets. Nowadays, investors are looking
into the cryptocurrency market instead of placing their investments in mutual
funds, penny stocks, retirement plans, and other investment plans. Cryptos are
simply the way to go if you are looking to invest in the future.
Although virtual currencies are the currency of the future and
they hold enough value to be considered as assets, you still need to know which
cryptocurrency to invest in as there are over 5000 different crypto coins out
there and they have been cases where some ICOs were created in order to scam
investors.
We know you wouldn't like to lose your hard-earned money, time,
and energy, so we've put a list of cryptocurrencies together. This list will
serve as a guide for anyone who's looking to invest in the cryptocurrency
market. Already itching to know what cryptocurrencies we've put together? Don't
let us keep you waiting.
1.
BITCOIN (BTC)
A lot of you might have heard about the giant of cryptocurrencies,
Bitcoin. Created in 2010 by Satoshi Nakomoto (an entity who's still unknown
till date), this cryptocurrency has grown to be the biggest of them all.
Bitcoin is the pioneer of all cryptocurrencies. When bitcoin was invented in
2010, one coin was sold for $0.08 dollars. Today, bitcoin has undergone a
massive growth as one Bitcoin (or BTC) is now over $15,000. It has been legalized
in a lot of countries and it’s being accepted as payments in different online
stores.
You don't necessarily need to have over $15,000 to invest in
Bitcoin. There are smaller parts of Bitcoin known as satoshi that you can buy.
Create a bitcoin wallet, buy your bitcoin or satoshi, place them in the wallet,
and trade orHODL until it becomes really high. Bitcoin is a really great
investment plan.
2.
ETHEREUM (ETH)
Ethereum, or Ether, is considered to be an upgraded version of
Bitcoin. This is because the cryptocurrency was invented to correct some of the
issues that Bitcoin had at that time. Ethereum is not just a cryptocurrency.
The platform is one that allows the creation of applications which run on the
blockchain through smart contracts. Although its worth is not as much as that of
Bitcoin, Ether is another awesome crypto coin to invest in. With its market cap
going over $32,157,651,120, from the 11.9 million that was on presale in 2014,
this cryptocurrency has also recorded massive growth over the years. Ether is
currently being sold at over $700 per coin.
3.
LITECOIN (LTC)
Currently one of the top five cryptocurrencies (fourth to be
precise), Litecoin is just like BTC -an open peer-to-peer digital currency.
Worth just seven cents at its inception in 2011, Litecoin is another
cryptocurrency that has recorded awesome growth as its now worth over $300.
This cryptocurrency is currently making waves in the market as investors now
consider it to be the next big thing. So if you are going to make an investment
in LTC, the best time is now.
4.
BITCOIN CASH (BCH)
Generated from a process known as a "hard fork", which
occurred on Bitcoin in August 2017, Bitcoin Cash is now one of the top five
cryptocurrencies to invest in. Before November 2017, BCH wasn't doing quite
well like people hoped so another fork was scheduled to happen in November. But
this new fork failed and since then, BCH has been scaling high. The
"Bitcoin breakaway" cryptocurrency is now worth over $3000 from
$0.17. A nice growth in four months if you ask us.
5.
IOTA
Considered to be a potential human life changer, this
cryptocurrency is one that is bound to make huge changes in the future.
According to some observers in the industry, IOTA is one of the crypto coins
that has the biggest potential to bring changes to human life. As a matter of
fact, this coin has been speculated to be one of the fastest growing cryptos in
the coming years given the fact that its development is based on
interconnecting.
The concentration of this cryptocurrency relies on
machine-to-machine transactions. The major reason why it was created is to
enable ease of M2M payments, thereby serving a major purpose to the machine
economy. You can see that it's quite futuristic, right? IOTA is a very special
cryptocurrency as it's not based on the blockchain like other coins, instead,
this cryptocurrency uses a new technology known as the Tangle.
Unlike
the blockchain that looks like a chain, Tangle is a technology that looks like
a web. Confirmations for IOTA transactions is done through two other nodes.
With a market cap of $13.31 billion, IOTA is currently priced at $4.8.
SUMMARY
Investing in cryptocurrency now can help secure your future. The
crypto coins in our list are bound to yield amazing profits at the end of the
day. Don’t wait until the race is over. Make the right investment today.
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