Did you know that the Australian cryptocurrency exchange industry continues to soar throughout the holidays, even in a year as devastating as 2020?
Investing in Bitcoin is a great option for earning money through the internet. What most people don’t know is that there are tons of other options for cryptocurrencies out there. Without a lot of experience in this industry, you might not know which ones to look into.
What is the best cryptocurrency to invest in? Check out the guide below to learn all you can today! Use this to know which option is the best choice for you!
1. Bitcoin (BTC)
Bitcoin is the most popular cryptocurrency in the world, valued at over $31,000 per BTC. Its popularity is one of its biggest advantages over other cryptocurrencies.
What is Bitcoin? This cryptocurrency continues to dominate the market, making it beneficial if you’re looking for high liquidity levels. Even through uncertain times, Bitcoin’s volatile rate of growth remains consistent.
If you want to learn how to predict the volatile growth of Bitcoin, doing as much research as you can is your best bet. Learn more on Bitcoin to better understand this high-value cryptocurrency.
2. Ripple (XRP)
Ripple is one of the most promising cryptocurrency investments on this list. It has solid technology and network, which opens new opportunities in various industries. Chief among these include international commerce, banking, and payment networks.
Ripple used major companies like MoneyGram for their blockchain technology. In turn, the remittance giant relies on Ripple’s On-Demand Liquidity.
Regardless, the number of companies using Ripple is growing. This means its price will increase by leaps and bounds.
3. Litecoin (LTC)
This cryptocurrency is one of the most affordable ones for payments. It has a technology-forward profile that offers huge potential while maintaining a more affordable price range. Right now, each LTC unit has below $100 value, making it easier for more investors to jump in.
Like Ripple, Litecoin uses adoption as its primary method of increasing price. The good news is that it’s already in a good direction. After all, the currency recently confirmed its integration to South Korean ATMs through a partnership with MeconCash.
4. Ethereum (ETH)
Bitcoin’s popularity is undeniable, and so is Ethereum’s influence. This is because the Ethereum blockchain allows the development of thousands of projects over it.
The good news is that its value is a little over $200. This means it remains an accessible investment for beginners.
The reason this currency is strong is because of the strength of their network. More and more decentralized applications and ecosystems use the Ethereum network nowadays. ETH tokens will become more powerful because of this, but it’s unlikely to surpass Bitcoin.
5. Neo (NEO)
NEO is an open-source and community-centric platform made by Da Hongei, one of the prominent names in the cryptocurrency world. This platform uses blockchain technology to help optimize the digital economy. The Genesis Block yielded 100 million NEO Tokens, with half going to investors.
As for the rest, a smart contract locks them down. Each year, 15 tokens get released as funds for the NEO development team’s long-term goals. Right now, its value is $11, making it a rather risky but cheap investment.
6. Zcash (ZEC)
Zcash is a great cryptocurrency to invest in if you want to enjoy outstanding privacy. Like Bitcoin, Zcash has 21 million ZEC coins as its fixed supply. In most respects, it has similar capabilities with most cryptocurrencies, except for its exceptional security.
Zcash’s design is to cater to peer-to-peer value transfers. Its current price follows the cryptocurrency market’s performance. Its value is over $100, aligning with Bitcoin’s mid-year rally. This means Zcash will develop positively as long as Bitcoin is on the same trend.
7. Stellar (XLM)
This is one of the most popular projects in the market. First released in 2014, its development continues and continues to gather strength. Its price is in cents, meaning you’ll have no problem investing in it.
Stellar has a network with 100 billion stellar tokens at its launch. It’s an open-source, decentralized protocol used for cross-border transactions. Now, these tokens are either referred to as XLM tokens or Lumens.
Stellar’s ultimate goal is to disrupt the global money market by replacing the SWIFT system. With XLM tokens, the Stellar network allows cross-border transactions regardless of the currency pairing. Its distinct characteristic is its function as a backbone for other cryptocurrencies.
8. Cardano (ADA)
This is one of the most recent cryptocurrencies on the blockchain. It’s a platform that aims to become the base of large-scale financial applications. Its cryptocurrency, ADA, runs its decentralized ecosystem.
Like the others, ADA’s design is to become a fast and reliable method for value transfers. Since Cardano built their network using layers, they have a high level of flexibility when updating. It also allows apps development, meaning you can expect more services to use it and push ADA to higher heights.
9. TRON (TRX)
TRON’s goal is to establish a global digital entertainment system allowing users to share digital content easily. With this, it cuts the middlemen like Netflix to ensure everyone can host digital content using its blockchain-based ecosystem. This is a blessing to content creators since this system’s cryptocurrency lowers third-party distribution channel costs.
For common people, the lower fees on creators could decrease the prices to access their content.
10. Ontology (ONT)
This public multi-chain platform’s goal is to encourage the business community to adopt blockchain technology. Its protocol makes it easier to learn blockchain business applications, especially data exchange and identity verification. This network uses the ONT token as its cryptocurrency, with a maximum supply of 1 billion tokens.
Learn What is the Best Cryptocurrency to Invest In Today
What is the best cryptocurrency to invest in? With the help of our guide, you’ll know what to look for in the market. Invest in cryptocurrency and watch your portfolio grow today!
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