Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Bitcoin Price TRIGGER for Accumulating Into Alt Coins for 2022 Price Explosion - 30th Nov 21
Omicron Covid Wave 4 Impact on Financial Markets - 30th Nov 21
Can You Hear It? That’s the Crowd Booing Gold’s Downturn - 30th Nov 21
Economic and Market Impacts of Omicron Strain Covid 4th Wave - 30th Nov 21
Stock Market Historical Trends Suggest A Strengthening Bullish Trend In December - 30th Nov 21
Crypto Market Analysis: What Trading Will Look Like in 2022 for Novice and Veteran Traders? - 30th Nov 21
Best Stocks for Investing to Profit form the Metaverse and Get Rich - 29th Nov 21
Should You Invest In Real Estate In 2021? - 29th Nov 21
Silver Long-term Trend Analysis - 28th Nov 21
Silver Mining Stocks Fundamentals - 28th Nov 21
Crude Oil Didn’t Like Thanksgiving Turkey This Year - 28th Nov 21
Sheffield First Snow Winter 2021 - Snowballs and Snowmen Fun - 28th Nov 21
Stock Market Investing LESSON - Buying Value - 27th Nov 21
Corsair MP600 NVME M.2 SSD 66% Performance Loss After 6 Months of Use - Benchmark Tests - 27th Nov 21
Stock Maket Trading Lesson - How to REALLY Trade Markets - 26th Nov 21
SILVER Price Trend Analysis - 26th Nov 21
Federal Reserve Asks Americans to Eat Soy “Meat” for Thanksgiving - 26th Nov 21
Is the S&P 500 Topping or Just Consolidating? - 26th Nov 21
Is a Bigger Drop in Gold Price Just Around the Corner? - 26th Nov 21
Financial Stocks ETF Sector XLF Pullback Sets Up A New $43.60 Upside Target - 26th Nov 21
A Couple of Things to Think About Before Buying Shares - 25th Nov 21
UK Best Fixed Rate Tariff Deal is to NOT FIX Gas and Electric Energy Tariffs During Winter 2021-22 - 25th Nov 21
Stock Market Begins it's Year End Seasonal Santa Rally - 24th Nov 21
How Silver Can Conquer $50+ in 2022 - 24th Nov 21
Stock Market Betting on Hawkish Fed - 24th Nov 21
Stock Market Elliott Wave Trend Forecast - 24th Nov 21
Your once-a-year All-Access Financial Markets Analysis Pass - 24th Nov 21
Did Zillow’s $300 million flop prove me wrong? - 24th Nov 21
Now Malaysian Drivers Renew Their Kurnia Car Insurance Online With Fincrew.my - 24th Nov 21
Gold / Silver Ratio - 23rd Nov 21
Stock Market Sentiment Speaks: Can We Get To 5500SPX In 2022? But 4440SPX Comes First - 23rd Nov 21
A Month-to-month breakdown of how Much Money Individuals are Spending on Stocks - 23rd Nov 21
S&P 500: Rallying Tech Stocks vs. Plummeting Oil Stocks - 23rd Nov 21
Like the Latest Bond Flick, the US Dollar Has No Time to Die - 23rd Nov 21
Why BITCOIN NEW ALL TIME HIGH Changes EVERYTHING! - 22nd Nov 21
Cannabis ETF MJ Basing & Volatility Patterns - 22nd Nov 21
The Most Important Lesson Learned from this COVID Pandemic - 22nd Nov 21
Dow Stock Market Trend Analysis - 22nd Nov 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Four Best Cryptocurrencies to Start Spot Trading

Currencies / cryptocurrency Jun 28, 2021 - 03:27 PM GMT

By: Umer_Mahmood

Currencies

Cryptocurrency refers to digital money. It is a decentralized currency, which the government does not monitor. Crypto is instead dependent on blockchain technology. One cryptocurrency that all of you must know about is Bitcoin. However, it is not the only one available. With the popularity of digital money on Wall Street, there is an array of options available. As of today, there are over 5000 cryptocurrencies in the market. Typically you can use crypto to make purchases, but you can most certainly utilize it as a long-term investment option. So, which are the best cryptocurrencies in the world? Here is a quick rundown of some of the best cryptocurrencies in the world. Let us get started and address them one by one. 


Bitcoin

‘In January 2009, the first bitcoins were mined. Ever since then, bitcoin has practically dominated the crypto market. It is indeed one of the most widely popular and highly volatile cryptocurrencies. This comes after the massive volatility of the coin across the history,’ comments David, an educator who offers java homework help services. 

Back in time, bitcoin was developed as a medium of the digital payment system. However, experts believe that it is too volatile for use. Despite that, many countries have begun accepting bitcoin as a legal tender in 2021. In April 2021, the price of bitcoin was at its all-time high, when it went to over 60000 USD. 

Surprisingly, all the other most prevalent cryptocurrencies account for only fifty-five percent of the market cap, wherein bitcoin alone represents forty-five percent of the total market cap with a market capitalization of more than $1 trillion. 

However, before investing in bitcoin, you must know that the price of bitcoin might go up and down by several thousands of dollars in a month. If these gigantic fluctuations are problematic for you, then you are better off without investing in them. But, if you are in for the long-term, these fluctuations should not bother you. 

Ethereum (ETH)

‘Ethereum or Ether is another widely prevalent cryptocurrency. It belongs to the Ethereum network, which is an open-source blockchain, and this is what makes it different from Bitcoin. However, it is more than a cryptocurrency. On the Ethereum blockchain, many developers build various other cryptocurrencies and applications. By market cap, it is the most second-largest crypto, only after Bitcoin. Its ATH was a little over 4000 dollars, which is not even 10 percent of the bitcoin’s ATH price of 60000 USD. Despite that, it is much ahead of its competitors,’ comments Rayan, an educator who offers do my homework for me services. 

Well, we agree with Rayan, and this is even though Ethereum entered the market years after many other cryptocurrencies. Now, the problem with Ether is that even though it employs blockchain technology, it has just one lane for executing transactions. Consequently, when there is an overload, the transactions take longer to process. Unfortunately, there was a hack on the Ethereum network in 2016. This resulted in a loss of over 60 million dollars Ether. Although the company has continually worked towards improving the security loopholes over the years, the risk is persistent. 

Binance Coin

BNB is one of the very few cryptocurrencies that went to their peak position in 2017. There was a massive bull run in the year, wherein all the cryptos reached their ATH, acquired a peak position, before plateauing, and finally falling in value. The coin was introduced by the largest cryptocurrency exchange platform in the world, Binance. However, even when others were falling, BNB continued its rally and maintained a gradual upward trend even after the bull run was over. Hence, despite all odds, it is regarded as one of the most stable coins out there,’ comments George, an educator who offers ‘Assignment help services. 

You can use the BNB coin as a crypto asset or pay the transaction fee on the Binance exchange. Moreover, Binance Coin serves a purpose beyond its sheer value. We are well aware of the burgeoning NFT craze, thanks to Ethereum. This craze has further aggravated with BNB rolling their NFT. 

What really sets BNB apart from others is that it was developed by a company and not a group of developers. So, even though BNB’s persistent commitment to establish a robust blockchain has always won over investor’s skeptics, many investors still show hesitancy towards this crypto because of the security issues.

Tether

It is one of the most stable crypto coins out there. It is stable because it is majorly tied to the US dollar. For every single Tether unit, there is a dollar in the Federal Reserve Bank. As a result, investors can avail massive benefits of traditional currency and open blockchain technology. Launched in 2015, Tether functions on the Ethereum network. Speaking of the performance history of Tether, one Tether coin is equivalent to one USD. It has always been like this, and in the future, the trend will be the same. 

So, these are the top four best cryptocurrencies that you can invest in. Other coins worth your money are DOT, SOL, Cardano, XRP, and Bitcoin Cash. 

By Umer Mahmood

© 2021 Copyright Umer Mahmood - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in