Best cryptocurrency to invest in the crypto market. Cryptocurrency is becoming the first investment option for most investors. The reason is obvious because the value of this currency is trending in the market.
We always look for the best cryptocurrency to invest in to get a good return.
People search for the best and most profitable crypto to invest in. As they are looking for the best return. There are many cryptos’ in the market so; choosing the best one always gives a good return.
It is not ‘wrong’ to say that this is the best investment for risk-taker. Because the price of the crypto market is volatile it can go up and down in a second.
It can give you a big profit and loss as well so, choosing the best crypto plays an important role. “I have learned in my schooling day that NO RISKS NO GAIN this fits in this kind of investment”.
What is Cryptocurrency?
Cryptocurrency is a digital currency an individual is the owner of the currency. There is no central authority and no control by the government.
It is a paperless currency secured by cryptography and has used to buy or sale of any product.
History of Cryptocurrency
In the year 1983, Man David Chaum invented electronic money called ecash. Ecash conceived by David Chaum anonymous electronic cryptographic money.
Cryptocurrency has used as a micropayment system by US Bank from 1995 to 1998.
In 1989 David Chaum has invented DigiCash Inc. DigicCash transactions were unique. In 1998 it also declared bankruptcy and sold its assets.
In 2009 the first decentralized Cryptocurrency named Bitcoin has introduced by Satoshi Nakamoto.
In April 2011, Namecoin has created it is also a Cryptocurrency. it works the same as the bitcoin algorithm. It is also limited to 21 million coins.
In June 2021, El Salvador which is in Central America. Became the first country to accept bitcoin as a legal payment transaction.
Altcoins
An altcoin was also known as another type of digital currency other than bitcoin. Which can also know as the alternative to Cryptocurrency.
Litecoin is the best example of an alternative bitcoin. Bitcoin processes to block every 10 minutes but Litecoin has used to block in 2.5 minutes. Its transaction is much faster than bitcoin.
Another Example is Ethereum which is also an alternative to bitcoin.
Stablecoins
It has a design to maintain the level of purchasing power.
There are four types of Stablecoins which are as follows:
- Commodity-backed Stablecoins
- Cryptocurrency-backed Stablecoins
- Algorithms Stablecoins
- Fiat-backed Stablecoins
Blockchain
Blockchain is a digital ledger that stores all the Cryptocurrency information and transaction. It’s distributed on many computers. And it is unique and decentralized.
There are the top 10 Cryptocurrencies that can be the best investment.
Below are the Best Cryptocurrency to Invest
1. Bitcoin
Bitcoin would be the best investment for any crypto trader. As it is the first Cryptocurrency introduced in the market. We can also say that it is the father of all Cryptocurrency.
Many people recommend investing in bitcoin. This will be the first choice investment in crypto.
Recently, the rise of bitcoin’s value indicates the potential of this Cryptocurrency. In fact, many big companies are ready to accept payment in the form of bitcoin.
Some people become millionaires of the sudden rise of this currency’s value. It is the gold form of all Cryptocurrency.
You can buy bitcoin and start trading, but this needs an investment. As of now the value of bitcoin has already gone up. It can be a much better investment 3 or 4 years before.
But the future is unpredictable we know that Cryptocurrency is trending. And will be the future of digital currency.
There are some freelancing sites that pay in bitcoin. So, it can be a good decision to work on these freelancing sites and receive the payment in the form of bitcoin.
This does not need investment. But, here your investment is time.
2. Ethereum
Ethereum is another form of Cryptocurrency also an alternative to bitcoin. According to ‘Economy Watch’, the price prediction of Ethereum in 2022 will be $5000. This is a sign of the future rise of this currency price.
It does not surety that it will go up in the coming future. It may or may not it is a prediction. But still, it is a good investment option as per the current market price.
This also comes under the top 5 best cryptocurrency to invest in.
3. Cardano
Cardano can also be a good investment. At present, the value is ranging between $2.10 – $2.30. According to ‘DigitalCoin’, the price prediction of this crypto will average $2.53 in 2022.
If you are looking for a long-term investment then its price will average $4.08 in 2025 and $6.13 in 2028.
You will not get a good return unless if you have purchased many Cardano. But still, it can be a good choice for an investment if you did some calculations.
4. Litecoin
Litecoin can also be a good investment. It is a silver version or alternative to bitcoin. The price is ranging between $160 to $175.
It is the first altcoin in the market and holds a better value than the newer altcoin. This is my favorite and the best cryptocurrency to invest in at present. But anything can happen so always ready to take the risks.
The expected price can predict in 2030 would be $1500. It can be a good investment for long-term investment. It is also considered one of the top 5 Cryptocurrencies in the market.
5. Solana
It is also known as the Ethereum killer. One of the fastest blockchain and fastest-growing ecosystems in the crypto world. The current price is ranging between $165 to $173.
So this can be a very good investment. It is growing and expected to increase in the coming 5 years. So, this can also be the best for long-term investment.
6. Bitcoin Cash (BCH)
It has created in the year 2017 and split into two Cryptocurrencies Bitcoin Cash and Bitcoin SV.
At present the price in ranging between $560 – $570. It also has a very lower transaction cost and transfers data.
7. Ripple XRP
This is the best choice for an investment. Recently the price is ranging from $1 to $2. It has built for payments. You can say this one is also the best cryptocurrency to invest in the market. Check the price everytime to know very well.
8. Binance Coin
The current market price is ranging between $430 to $434. It used to make a profit from the token sales and then buy again and then destroy them.
It is one of the best and most active digital currencies in the world and still maintains its position.
It is also the best investment for the future. It has predicted to touch $600 in 2023. It is also considered one of the best cryptocurrencies to invest in.
9. Tether (USDT)
It has introduced in the year 2014 and is also known as pegged to US Dollar. It cannot consider for long-term investment. This token holds a 1:1 value to the underlying assets.
10. Uniswap
It is one of the best projects in the crypto market. It is a safer and fast-growing asset. The current price is ranging between $24 to $27.
I have listed here some of the good Cryptocurrencies. There are some other Cryptos in the market which also be a good investment.
But, before any investment takes market research and then invest anything. As the price of Cryptocurrency is volatile. It will go up and down in a second.
Yet, there is nothing wrong to say that it is the future currency. The world is getting digital day by day it will be our future who knows?
But, you also need to look for the best cryptocurrency to invest according to the present and future days.
FAQs
Is cryptocurrency a good investment?
It depends on your strategies. Sometimes you will get a high return. But, also there is a huge risk of losing your money. So always be careful about what you are trying to invest.
Is crypto real money?
It is not a physical currency instead it is a digital currency. But you can exchange for USD. There are many platforms available in the market you should choose the authentic one.
Final Thoughts
Investing in Cryptocurrency is may have some higher risk. But it will give you a good return. You need to prepare yourself because it is not regulated by any bank. However, some countries have still not authorised it.
If you have a proper plan and strategies. Then, you can choose the best currency that will boost you in the future. So you need to find out the some of the best cryptocurrency to invest in the market.
