Top 10 cryptocurrencies to invest in

Introduction

Bitcoin is not a passing craze. It is the currency of the future, and investing in cryptocurrencies might be beneficial to you. This essay will explain why and which cryptocurrencies are worth investing in.

Cryptocurrency investment

  • Bitcoin investing is a rapidly expanding and fascinating business. If you want to invest in cryptocurrencies, these are the top ten cryptocurrencies to consider:

  • Bitcoin (BTC) (BTC)

  • Ethereum (ETH) (ETH)

  • Litecoin (LTC) (LTC)

  • * XRP (XRP) * XMR (Monero) * DASH (DASH) * ZEC (EOS)

Top 10 cryptocurrencies to invest in

  • Bitcoin

  • Ethereum

  • Ripple

  • Litecoin

  • EOS (EOS) 

  • Bitcoin Cash

  • Binance Coin

  • Stellar

  • TRON

  • Cardano

 

Bitcoin

Bitcoin was the first cryptocurrency to be decentralised. Satoshi Nakamoto invented it in 2009, and it has been in use since then.

Bitcoin is the most popular cryptocurrency at the moment, with a market worth of more than $100 billion and an annual growth rate of more than 2,000% in 2018.

 

"Bitcoin allows you to transmit money straight from your wallet to anyone else's wallet anywhere on the planet immediately," according to the Bitcoin official website. That is, if you own bitcoins or are willing to buy them (though there are many other cryptocurrencies available), you can use them to pay someone or send money without involving a middleman—a significant advantage over traditional payment methods such as credit cards or bank transfers, which charge fees when used!

Ethereum

Ethereum is a decentralised platform that runs smart contracts, which are programmes that execute precisely as they are planned with no downtime, censorship, fraud, or third-party interference. Ethereum was launched in July 2013 by Vitalik Buterin and Gavin Wood with the goal of making it simpler to create basic smart contracts. The Ethereum network has subsequently evolved to become one of the biggest blockchains in existence, second only to Bitcoin's blockchain, with miners holding more than 50% of all currencies (users who provide computing power).

Ripple

Ripple is a cross-border payment system that enables quick and safe transactions. It's also a cryptocurrency, so you can use it to buy other cryptocurrencies or pay others with XRP.

Ripple is an open source blockchain system comparable to Ethereum's smart contracts; however, unlike Ethereum's platform, which depends on mining for security and decentralisation of information storage (and hence value), Ripple powers the network with its own native currency—XRP. The purpose of this approach was to develop an alternative method for money transfer between banks that did not rely on third-party fee-based services such as SWIFT or Visa.

In addition to being utilized as a payment mechanism via their tokenized form of fiat money known as XRP (or "ripples"), this DLT technology is employed by financial institutions as well as government entities such as the Homeland Security Department. Department of Homeland Security

Litecoin

Litecoin is an open source software project and peer-to-peer cryptocurrency distributed under the MIT/X11 licence. It is not managed by any central body and may be used to transfer funds between users without the requirement of an intermediary. The Litecoin network is decentralised, which means it does not reliant on miners to confirm transactions and add them to the blockchain, a public record.

The term "lite" refers to how much lighter it is than Bitcoin (1 MB vs 1 GB). Litecoin contains 84 million coins, as opposed to Bitcoin's gold standard of 21 million coins, of which no more will ever be made (21 million times 2).

EOS

EOS is a blockchain-based platform that enables commercial-scale decentralised applications. As the network went online on June 1, 2018, the EOS coin was issued.

EOS is a smart contract platform that can host millions of users and thousands of commercial-scale decentralised apps while processing thousands of transactions per second (dApps). It also has built-in scaling mechanisms that enable it to manage far higher transaction volumes than other networks such as Ethereum or Bitcoin Core (BTC) in terms of transaction throughput as well as the scalability concerns associated with such huge networks.

Bitcoin Cash

Bitcoin Cash is a Bitcoin hard fork that was launched in August 2017 in order to address the scalability concerns that have plagued Bitcoin since its creation.

It has an 8MB block size and is capable of processing up to 3 transactions per second (TPS), which is more than Visa or PayPal can currently manage. This implies you'll be able to pay for products more easily with Bitcoin Cash than with traditional currencies like USD or GBP.

As of January 2019, Bitcoin Cash had a market worth of $6.5 billion, making it one of the most valuable cryptocurrencies on the planet.

Binance Coin

Binance Coin (BNB) is the Binance exchange's native token. It was first introduced on June 25, 2017 and has since grown to become one of the most expensive coins in the cryptocurrency industry. BNB was worth more than $10 in December 2017, but it is currently worth less than half that amount.

With a total supply of 100 million tokens and a market valuation of $1 billion, there might be tremendous upside if institutional investors start investing in this coin or if it develops popularity as a payment option for businesses accepting other cryptocurrencies on their website.

Stellar

Stellar is a cryptocurrency designed to connect banks, payment systems, and individuals. It is a platform that links banks and individuals. The Stellar blockchain is open source, which means that developers may utilise its technology for whatever they choose.

Stellar Lumens (XLM) is distinguished by its speed in comparison to other cryptocurrencies such as Bitcoin or Ethereum: it can process thousands of transactions per second—ten times quicker than Visa—and has minimal costs when compared to standard payment methods such as credit cards or bank transfers. This makes it perfect for cross-border transactions in countries where various currencies are in use; as long as you have an account at one of these banks (or even simply your local bank), you may transfer money using XLM without incurring any additional fees!

TRON

TRON is a blockchain-based decentralised protocol that aspires to use blockchain and distributed storage technologies to build a global free content entertainment system.

It is built on the "Peer to Peer Network" architecture, which implies that users may connect directly with one another without the need for an intermediary or third party. It also offers smart contract applications using TRX, its own coin (TRX).

Cardano

Cardano is a blockchain platform that aims to build on current blockchain technology in a variety of ways. It was developed with the help of the cryptocurrency community, including its own native token, ADA, by Charles Hoskinson and Input Output Hong Kong (IOHK).

The Cardano network is based on Ethereum's non-profit software development group Ethereum Foundation's open-source protocol, as well as certain extra features not available in Ethereum, such as its Proof of Stake consensus process and local currency called Emurgo tokens (ERC20 compliant).

Conclusion

Bitcoin investing is a relatively young area, but it has grown in popularity rapidly. With so many cryptocurrencies on the market, it's difficult to determine which ones to invest in. To help you decide if these coins are worth your time, we've compiled a list of our top ten cryptocurrencies to buy in right now. There are plenty of excellent options available!

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