If you have are interested in
investing in cryptocurrency, you're on the right track! While there will always
be skeptics, we have seen the tremendous rise of Bitcoin and other
cryptocurrencies in recent years.
As these digital currencies become mainstream, many will wonder what
cryptocurrency to invest in.
This guide will show you some of the
best cryptocurrency for you to consider.
1.
Bitcoin
This was the first cryptocurrency
and it remains the most popular choice. Bitcoin saw a tremendous rise and fall
in its early years. Its fall turned many off cryptocurrency altogether.
However, wise investors saw this as an opportunity to buy as much Bitcoin as
possible.
2020 saw the rise of Bitcoin once
again and as we see economic uncertainty in the post-pandemic world,
cryptocurrencies will rise in popularity. As Bitcoin was the leader of
cryptocurrencies, it's likely that it will remain a great investment for years
to come.
As the price of Bitcoin can be
rather high at times, you can start by buying fractional amounts first. You can
buy whole Bitcoins if you can afford to do so, but keep in mind that it can
still be a volatile investment.
To make the most out of Bitcoin, you
should accumulate as much as possible and wait. While the price peaked in 2020,
you want to wait as it's likely to shoot up even higher.
2.
Ethereum
This is another popular
cryptocurrency that has become a favorite with investors. We suggest learning everything you need to
know about Ethereum
even if you never considered it before.
While this has not risen yet to the
price of Bitcoin, this is a major advantage. It means that this is still
affordable to the average investor. As this is a popular cryptocurrency, you
can anticipate great returns in the future.
3.
Litecoin
As with Bitcoin, Litecoin has a
limited supply. There are 84 million Litecoins in comparison to 21 million
Bitcoins. This larger supply, though limited, promises an easier barrier of
entry for most investors.
It takes a shorter time to mine
Litecoin which means that you can find it a much more favorable option for
transactions. It's one of the most popular cryptocurrencies on the major
exchanges. This is another reason to consider purchasing it.
It has very high liquidity, so you
can expect to sell it for great returns shortly after buying it. This is one of
the rare coins that might work for both short-term and long-term gains.
4.
Basic Attention Token (BAT)
BAT is the official cryptocurrency of the Brave Web Browser. Brave is a web browser that is
likely to rise in popularity. Its focus is on privacy and targeted-ads for its
users. As privacy infringement on the internet rises, there is a greater need
for a web browser such as Brave.
As a result, you can expect an
increase in demand for BAT. If you can start buying as much BAT as you can now.
You can also switch to using the Brave browser to earn BAT which you can later
sell.
5.
Binance Coin
Binance Coin is a great option to
add if you have an abundance of Bitcoin and Ethereum. Usually, when investors
have a large amount of these major cryptocurrencies, they struggle to figure
out which are the great altcoins.
Binance Coin is the official
cryptocurrency for Binance, which is one of the largest cryptocurrency
exchanges. It's one of the rare cryptocurrencies that has risen without much
volatility.
As the Binance exchange platform
continues to grow in popularity, you want to consider investing in Binance
Coin. You can choose to either buy smaller portions of the coin, or you can
match your Bitcoin and Ethereum numbers with Binance Coin.
6.
TRON
This cryptocurrency has not caught
on but has the potential to be lucrative for avid cryptocurrency investors. If
you have experience with cryptocurrency investing and have the capital, then
consider investing in TRON.
TRON is primarily used to pay for
published content or to "tip" content creators. As content creation
continues to be one of the main drivers of the internet, you can expect such a
cryptocurrency to gain traction.
TRON recently acquired the BitTorrent
platform. This
alone will bring high expectations to the coin. You can expect the demand for
this coin to rise in the coming months.
As a result, you want to consider
stocking up as much as possible. However, as its rise is based on speculation,
make sure you only do this if you are an experienced investor. If you are a
newcomer you want to focus on smaller fractions of TRON.
7.
EOS
Fans of Ethereum will also enjoy
investing in EOS. This is much faster and has a lower barrier to entry. It's a
great option for beginner investors as well as for avid investors.
It has garnered a lot of interest,
so now is the time to stock up on the coin. While it's still a new
cryptocurrency you can expect it to rise in the coming years. The growth will
likely be slow in comparison to other cryptocurrencies, but you want to strike
while the iron is hot!
8.
Ripple
While Ripple seems to have lost its
initial glamour, one can expect to see a resurgence in the demand for it.
Ripple is made for larger institutions such as banks, so one can expect a rise
in demand after the economic uncertainty of 2020.
Since it has support from large
institutions and isn't privy to SEC regulations, one can expect greater demand
for this. As with some other cryptocurrencies on this list, this is based on
speculation.
If you are an avid investor, you can
make Ripple a large part of your portfolio. For a beginner investor, focus on
smaller fractions and gradually work your way upward.
Now
You Know What Cryptocurrency to Invest in
Now that you know what
cryptocurrency to invest in, you can begin or continue your investment journey.
As a final tip, you want to make
sure your portfolio is diversified. Focus on at least 2-3 cryptocurrencies from
this list. You should have a mix of large shares (or whole amounts) of some
cryptocurrencies and have smaller shares of others.
You can find more great content on
cryptocurrency and investing tips on our website!
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