5 of the Best Cryptocurrencies to Invest in Now

The best cryptocurrency to buy depends on your familiarity with digital assets and risk tolerance.

Many will argue that cryptocurrencies are the future of finance. While this future may be years away, it is certainly not a crazy statement. Digital currencies offer multiple advantages over traditional fiat currencies. Such as lower charges, transparency, and speed in transactions. But which cryptocurrency is considered good and quality?

When we look at cryptocurrencies from the perspective of an investor and wonder .. “why invest in cryptocurrencies?”, Or “what are the best cryptocurrencies” that exist, we mainly have 5 reasons to think:

• Amount: Crypto-investments reduce the minimum investment barriers. So that almost everyone out there can buy cryptocurrencies.
• Liquidity: Cryptocurrencies are open 24 hours a day, 7 days a week. To exchange, buy and redeem your cryptocurrencies at any time.
• Transparency: The Blockchain chain records all transactions and is available to everyone, worldwide. This provides a very good level of transparency to investors.
• Diversification: A large number of cryptocurrencies out there allow you to easily diversify your portfolio. In order to mitigate the risks.
• Fees: Digital currencies offer lower fees. Compared to traditional investment assets.

See the list of the best cryptocurrencies to invest in, which might be worth watching. Always at the corresponding risk. The list of the best cryptocurrencies is based on the potential of these cryptocurrencies to show sustainable dynamics and growth in the future. But remember: The risk of such investments is huge. They are not stocks, they are not bonds, but products that even the largest investors doubt whether they have real value.

Below is analyzed the dynamic of the 5 cryptocurrencies, which monopolize the interest of investors and consider them as the “best” for investing in the crypto market. We present them to you with every reservation.

Bitcoin (BTC):

The list of the best cryptocurrencies to invest in, cannot start with a different cryptocurrency than Bitcoin. The most popular cryptocurrency in the world. In fact, the popularity of this digital currency is one of its biggest advantages over other cryptocurrencies on the market. As long as Bitcoin continues to dominate the cryptocurrency market, investors will always benefit from high levels of liquidity. Even in times of market uncertainty. Over the years, Bitcoin has shown unstable but steady growth.

Bitcoin Cash (BCH):

Cryptocurrencies, such as Bitcoin, rely on blockchain technology, which stores information about cryptocurrency transactions within a “block” of data, which can contain up to 1 megabyte of data. As the currency became more and more popular, these data blocks filled and slowed down Bitcoin transactions while increasing transaction charges.

Some Bitcoin developers proposed a solution that would effectively reduce the amount of data required in each block. Still, others believed that this would jeopardize the integrity of Bitcoin as a cryptocurrency. So they created their own version of Bitcoin, in August 2017 and named it Bitcoin Cash. Bitcoin Cash is a blockchain that can store 8 MB of data. Thus allowing faster and more frequent transactions, with lower charges. Bitcoin Cash may be newer and less popular than Bitcoin, but its potential for growth may mean that it has incredible potential. This makes it one of the best cryptocurrencies on the market for many of its supporters.

Litecoin (LTC):

Litecoin is another cryptocurrency that you should not ignore in 2021. LTC is one of the fastest and most affordable cryptos in terms of payments. Its technological profile has put this cryptocurrency in third place due to its market capitalization.

Compared to Bitcoin and Ethereum, the only cryptocurrencies above Litecoin, this cryptocurrency offers huge potential, and at a much more affordable price level. Each LTC unit currently trades at around $ 235. Which gives a larger number of investors the opportunity to buy it. In a similar way to Ripple, the price of Litecoin also depends heavily on its acceptance as a means of exchange. Let’s hope that for its supporters, this cryptocurrency is already on the right track. Litecoin recently confirmed that it will integrate its partnership with MeconCash into South Korean ATMs.

Ethereum(ETH)

Ethereum is on the list of emerging cryptocurrencies. Bitcoin may be the most popular cryptocurrency, but no one can deny that Ethereum is by far one of the most powerful. The reason is simple: Ethereum’s blockchain allows the development of thousands of projects over it. Ethereum and the power of this currency are closely linked to the power of its network. The more decentralized applications and ecosystems are based on the ETHEREUM network, the more power will be given to ETH. Although Ethereum is unlikely to reach the price of Bitcoin, analysts are still seeing huge potential for this cryptocurrency in the near future.

Tron (TRX)

Founded in 2017, the so-called TRON Foundation, this ecosystem quickly evolved into one of the largest projects in the world of cryptography. Justin Sun, the CEO of the company that provides this cryptocurrency, has been listed in the Forbes Asia list as a millionaire, under 30, in 2017.

TRON’s goal is to create a free, global digital entertainment system. That will allow users to share digital content, easily and economically. Too complicated? Think Netflix for a moment. It collects content and distributes it on-demand to its large audience. For content creators, hosting them on Netflix is expensive.

With TRON, the idea is to cut the middleman and allow everyone to host digital content in the blockchain-based ecosystem. For content creators, this model gives them a unique opportunity to reduce their price on third-party distribution channels. For the buying public, ie the spectators, this implies lower fees. From the creator’s point of view, it can be translated at lower prices, for access to content. TRX is the cryptocurrency of this ecosystem.

***CAUTION:

This article in no way constitutes a recommendation or incentive to buy or sell any cryptocurrency or other investment. Seek an investment advisor for any investment. This article expresses the personal opinion of the author only.