5 Best Crypto Currencies to Buy Now: A Guideline for Beginners
What is meant by cryptocurrency? A cryptocurrency is a digital currency designed to work as a medium of exchange based on the blockchain. In this system, transactions are verified and records are maintained by a decentralized authority. You can consider it as a long-term investment.
If you have a long list of future dreams and want to make it true. So, the best option is to invest in Cryptocurrency. In the market, there are so many types of cryptocurrency. But, after reading this article, you will be able to sail out the 5 best cryptocurrencies to buy. This guideline will help you a lot in achieving your goals.
Bitcoin (BTC)
Price:$26,053
Market value:$507 billion
In this world of cryptocurrency, Bitcoin is the first decentralized digital currency created by Satoshi Nakamoto in 2008. As with most cryptocurrencies, BTC runs on a blockchain or a ledge logging transaction distributed across a network of thousands of computers. You may consider it as Digital Gold because of its investment potential. If you invest in Bitcoin, you will become a billionaire because it’s a game changer.
Ethereum (ETH)
Price:$1,670
Market value:$201 billion
It is the second name you’re most likely to recognize in the crypto space. Ethereum was invented by Vitalik Buterin in 2015. It allows users to use ether( the currency) to perform a number of functions. However, the smart contract aspect of Ethereum makes it a popular currency. Moreover, its investors don’t put all the eggs in one basket; they diversify their investment to minimize risk. If you want to make a long-term investment, this would be the best option for you.
Tether(USDT)
Price:$1.00
Market value:$83 billionaire
Tether is the leading option if you want to invest money in stablecoins. Tethers are tied to the value of the US dollar. In trading, it acts as a medium. When traders move from one Crypto currency to another, rather than moving back to the dollar, they use a tether. You can easily move your assets in and out of the Crypto market without converting them into fiat currency. You may consider it the most stable way to buy cryptocurrency.
Binance (BNB)
Price: $209.13
Market value:$32 billion
Let’s move to the next cryptocurrency to buy, which is Binance, the world’s largest Cryptocurrency exchange that was founded in 2017 by Changpeng Zhao. Binance is known for its user-friendly interface and robust trading features. It provides various trading options. Although Binance is facing regulatory challenges in various countries due to its rapid growth, it is still working with the same zest.
XRP (XRP)
Price: $0.5246
Market value:$ 28 billion
Formerly known as Ripple and created in 2012, XRP offers a way to pay in many different real-world countries. If you want to do cross-border transactions, then you are at the right place.XRP operates on a unique consensus algorithm, which enables transactions to be settled in a second. Furthermore, it uses a trust-less mechanism to facilitate payments.
Final Words:
These are all the best cryptocurrencies to buy but keep in mind that the crypto currency market is highly volatile, and ranking can change rapidly. So, these five are the best currencies to invest in a. In which cryptocurrency are you going to invest? Comment down your answer.
