Investment is a well-known way of making money. Our way of earning passive income by investing in massive list of assets, commodities, and cryptocurrencies. The term investment is always risky but at the same time profitable if we choose the right option and right time.
Every asset or commodity has its way of growing, so as cryptocurrencies. But when it comes to cryptocurrencies, the first name which comes to our mind is Bitcoin right, because it is the first cryptocurrency which was introduced to the world in 2010, within 5 to 7 years, or we can say by 2017, the world of cryptocurrencies just blew up the market with a massive list of cryptocurrencies and website related to it like coinremitter, and many more which are providing services related to crypto as a digital wallet and even use for currency swap and so on.
So, the question arises why to choose cryptocurrencies to invest. One of the biggest reasons is it has a great list of currency which gives us a vast investment option. Let’s see all the reasons why anyone should invest in cryptocurrencies.
Why invest in cryptocurrencies?
We believe that cryptocurrencies are the modern way to move forward in finance, as I mentioned about coinremitter. It is not too far away that big banks will end up teaming with blockchain technology to build better global finance system. The main reason behind people or more prominent firms being involved in cryptocurrencies is their transparency and low fees, such as fiat currency.
As an investor, you should keep in mind some of the reasons you’re thinking of investing in cryptocurrencies.
- Cryptocurrencies have low investment hurdles: Having low investment hurdles means you can invest in common fractions, and because of this, anyone can get involved in it, and you can create a great and very diverse portfolio.
- Transparency: When it comes to blockchain, its transactions are available and visible to everyone. This allows an open or, we can say, omniscient level of knowledge to everyone involved.
- Fees: Compared with stock trading or other asset classes, cryptocurrencies offer significantly lower fees for their trading and even on the transaction.
- Liquidity: One of the best benefits of cryptocurrencies exchange and broker is available 24 hours, which makes it easy to buy, trade, and sell anytime you want to.
Now we have seen why you should invest in cryptocurrencies, so let’s discuss the best cryptocurrency to choose as an investor.
There is a huge range of cryptocurrencies available in the market, and this number keeps growing as we talk. But there is some primary currency you should focus on. So, let’s see what those currencies are.
Bitcoin the first most crucial cryptocurrency; this is one the most invested crypto. The reason behind that is, it is the first cryptocurrency world ever came to know about, and at the level, it is growing, it is attracting investors the most with a market cap of $647.2B.
The future of Bitcoin as an investment, we should keep in mind that we have witnessed another major event, May 2020 Bitcoin halving, an event that reduces the number of new coins generated by the network. And for many Bitcoin bulls, this increasing scarcity is part of precisely what underpins this cryptocurrency’s actual value.
Ethereum is a cryptocurrency that you should keep in mind while investing. Ethereum is a decentralized global platform launched in 2015; a platform powered by its currency, known as ether. With its tech and investment potential, we can say Ethereum is the second-largest cryptocurrency platform, with a market cap of over $122.6B.
Tron was created on Ethereum by Tron Foundation to tackle a few powerful corporations controlling the Internet. In 2018, Tron migrated to its blockchain, establishing its leadership and becoming a significant competitor of Ethereum. Tron’s native cryptocurrency Tronic (TRX), is currently valued at $0.0336 per coin.
Litecoin is also one of the best to consider cryptocurrencies. Launched in 2011, just a couple of years after the creation of Bitcoin, Litecoin is one of the first altcoins or, in other terms, an alternative to Bitcoin, known as the lite version of Bitcoin. Its market cap is $9.2B.
Bitcoin Cash one of the most popular branches of Bitcoin. Bitcoin Cash was created in 2017 to improve the scalability problem of Bitcoin. Bitcoin Cash reached $4.091 at the height of 2017’s crypto era. Even in the pandemic, it stayed at the top ranking on the coin market cap with $8.9B.
These are some of the most popular cryptocurrencies you should choose to invest in, but it depends on you what kind of investor you’d like to be and how big.
In this article, we shared about how cryptocurrency came in popularity and in time how much it has grown, as digital currency, how some website like coinremitter has started services related to that, and why any investor should step into investing in cryptocurrencies, most importantly which is the best top cryptocurrencies you invest in and what are their potential grown at this time.
When it comes to investment in cryptocurrencies or even in any asset, it also comes with significant risk. Whatever cryptocurrency you choose to invest in, invest only what you can afford.