Best Rising Crypto Coin - Where to Invest My Money?

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From Bitcoin to altcoins, the cryptocurrency market is a relatively new financial addition with less than two decades in existence. Being an investor or an interested trader in cryptocurrency can often be overwhelming as you start to understand how this market operates. Investing in crypto coins can be risky if you don’t know where to start; for you to make a good decision in what currency to invest in, consider:

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  • Check on the longevity; how long a coin has been in the market.
  • Past track record of liquidity, market performance, number of investors, and social media presence are considerations to avoid scammers and fraudsters.
  • Technology aspect and how stable, secure, the network a coin is built on, rate of transactions, and how well a network solves security and financial crisis.
  • Security and anonymity features that protect the identity of an investor hence scraping off bias that comes in the form of racism and socio-economic cluster classes.

 

With that in mind, in the modern-day financial era, the best coins to invest in have broad usage networks and liquidity pools to keep the money flowing. Also, these coins have value in the real world and can be used for trade; they include:

1. Bitcoin (BTC)

Created in 2009, Bitcoin is the original cryptocurrency and has a market cap of more than $641 billion. As the most traded, Bitcoin is highly liquid to facilitate trades among its investors. Bitcoin has received great acceptance from the public and is a financial currency mode for purchasing and paying goods and services online and in the real world.

The last Bitcoin will be mined in 2140, and there will be a total flow of 21 million Bitcoins in the market. As long as there is a user base, Bitcoin continues to top crypto charts and is about to become one of the rarest coins in the digital market. You can check out one of the most secure platforms for a smooth Bitcoin trading experience.

2. Ethereum

Ethereum has been marked an enthusiast coin; it has introduced incredible additions to the crypto ecosystem, such as Smart Contracts. It was introduced in 2015 and had a market cap of over $307 Billion, and it’s currently trading NFTs (Non-Fungible Tokens).

Ethereum has become one of the most talked-about coins in the market; some big names in the business, such as Microsoft and Intel, are building business models and versions of the software that runs Ethereum.

3. Tether (USDT)

Tether is among the coming up stablecoins in the market, and a fiat currency backs it; United States Dollar and the Euro. Its market cap stands at over $62 billion; being a stablecoin means that its value stays close to stability more than other coins. In addition, its ability to link the digital market and real-world operations has made it more favored and valued by investors wary of the volatile crypto market.

4. Binance Coin (BNB)

Binance is a coin and one of the largest cryptocurrency exchanges in the world, with a market cap that stands at over $56 Billion. It was launched in 2017 and has progressed to accommodate real-life financial situations such as trading, paying for goods and services, and booking flights. It’s also viable for trade among other cryptocurrencies such as Bitcoin and Ethereum.

5. Dogecoin (DOGE)

Currently, Doge has made headlines due to its social-economic support by business giants such as Elon Musk. As an option to bitcoin, it was launched in 2013, and currently, its market value stands at $44 Billion. However, Doge has no limit to how many coins can circulate in the market and for what amount of time this makes it susceptible to devaluation.

6. Cardano (ADA)

ADA’s market value stands at over $51 billion. It is among the first coins to grip Proof-of-stake validation, which speeds up transaction time, hence an environmentally friendly currency. Cardano’s growth in the past years has been steady and fast and has smart contract applications.

7. XRP

XRP has a market cap of over $40 Billion; its developers are behind the Ripple technology. One of its distinctive qualities is that it facilitates exchanges for different fiat currencies and cryptocurrencies using the Ripple digital technology to facilitate exchanges.

Final Thoughts

Cryptocurrencies in the entire Decentralized market are in their formative years. Some investors have traded in crypto for years now and are well versed in how the market operates. On the other hand, there are beginners in the market; if you are a beginner or intend to start investing in cryptocurrencies, be careful with ICOs (Initial Coin Offerings) and start-ups. ICOs could be a scam and destined to fail. Conduct adequate research before picking a start-up or an ICO for investment.

More established crypto coins like the ones mentioned above have a market presence and liquidity to facilitate trade in the market. Do your research beforehand, and you may consider trading both in Bitcoin and altcoins (alternatives to Bitcoin). Many undervalued coins are circulating in the market, and most of them have performed exceptionally. Good traders take advantage of the coins doing better than the rest, either short-term or long-term investments.

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