There’s about a hundred or so active and circulating cryptocurrencies right now in the market, and finding the right one to invest in is paramount to success.
No matter the capital or goal you should consider investing in these 8 cryptocurrency types.
Table of Contents
Bitcoin
If you’re thinking cryptocurrency, then Bitcoin is a must. It’s the poster child of the crypto market, and every serious investor should allocate a portion of their capital to it.
It’s fairly liquid, has good trade volume and the trend forecast is optimal. Simply put, it’s one of the best crypto you should buy today.
Ethereum
Ethereum is the coin that powers the ETH network, which is a platform where blockchain technology and application is developed.
It’s the 2nd biggest in market cap right below Bitcoin. When you need to spread your investment around this should be in your list.
Bitcoin Cash
Bitcoin Cash carries the original intent for Bitcoin, which was to act as a p2p electronic cash system with no bounds.
It’s more of a method of payment than a holding asset, but this makes it a popular crypto coin to invest in. Owners can enjoy low transaction fees and speedy processing.
USD Coin
Billed as the ‘world’s dollar’, USDC was made by a conglomerate of IDG Capital, Baidu and Goldman Sachs, all powerhouses in their own right.
What’s interesting to note is that USD Coin is tied directly to a real world asset, the US Dollar which makes it relatively more stable than the others.
XRP
XRP is the medium in the Ripple payment network that spans the globe. Much like Bitcoin Cash, its original function is to allow quick and easy payments to and from users without having middlemen such as financial institutions and banks.
On the side, XRP can be used to power third party development and applications.
Stellar
The listing XLM is for the Stellar network, which is a platform for moving and storing money.
It’s primary function is to facilitate the trading, sending and creation of digital money, something that could prove to be useful as digital assets gain a solid foothold in the near future. It can accommodate digital monies but users will need Lumen to complete actions.
Polkadot
Polkadot is a digital asset with a very useful function. It allows unique blockchain systems to link up and communicate with each other in the form of transactions and data exchange.
Polkadot’s goal is listed on its website, and touts the brand that owners are in ‘full control’ over their digital assets.
Cardano
Cardano is an up and coming cryptocurrency that promises greater decentralization and autonomy. The network isn’t held liable by a single entity, and owners are given relative freedom to do what they wish within the platform.
ADA is trending upwards as more and more people value security and privacy. It’s a safe bet that Cardano will rise as a cryptocurrency in the years to come.
After investing, follow crypto nation and keep up with the latest trends and developments, as well as insights on which cryptocurrency is good for your portfolio.
