5 best cryptocurrency to invest in this year. Cryptocurrency is a digital that isn’t managed by the government. Cryptocurrency is based on blockchain technology. Cryptocurrency continues to gain traction on wall street creating room for other digital money. Currently, there are over five thousand cryptocurrencies in the market.
You can use cryptocurrency for your daily buys., but some people prefer it as a long-time investment to make profits from investing in it, investing in cryptocurrency is quite risky if you don’t know how to go about it, in this article we will be discussing the 5 best cryptocurrency to invest in this year.
5 beat cryptocurrency investments in this year
Here are some coins you should consider investing in this year
Best cryptocurrency to invest in this year. Bitcoin is the firsts and oldest cryptocurrency. Bitcoin has a price, market cap and volume that’s much higher than any other cryptocurrency investment options, even with other cryptocurrencies in the market, bitcoin has over 40% of the cryptocurrency market. it’s easy to see why it’s the leader of all other currency in the market.
Numerous enterprises accept bitcoin as a form of payment for goods or services tesla CEO Elon musk recently invested $1.5 billion, which makes it one of the promising cryptocurrencies to invest. However, it is worth knowing that the value of Bitcoin fluctuates you may have seen the price go up or down thousands, if the fierce fluctuations like this makes nervous then you should probably avoid investing in bitcoin.
2. Ethereum (ETH)
Best cryptocurrency to invest in this year. Ethereum is very different form bitcoin, ethereum isn’t just a digital currency, ethereum gives access that enable developers to create their own cryptocurrency using the ethereum network, however, ethereum is far behind bitcoin in value it’s also ahead of its other competitors.
Ethereum only possesses one path for achieving operations even though it’s use block chain technology. Transaction’s network is overlooked.
$60 million dollars was lost in 2016 because of a shortcoming in the ethereum wallet. However, the company is guaranteeing the increase of security, loopholes are always unavoidable with any cryptocurrency investment.
Best cryptocurrency to invest in this year. Binance is one of the cryptocurrencies to reach it’s peak after 2017. Unlike other crypto binance improved to trend but a little sluggisher after 2017. It has proven to be one of the stable investments posing limited risks.
Binance coin is retaining a powerful block chain and it has won over many skeptics on the other hand investors are still suspicious of binance.
4. Tether (USD)
Best cryptocurrency to invest in this year. Tether is vastly the stable cryptocurrency because it is attached to U.S dollar each unit of tether is equal to $1 dollar in the federal reserve bank making Tether a great investment.
Best cryptocurrency to invest in this year. investors like cardano because it takes limited time to complete a transaction than with a larger network like bitcoin. Making transactions faster and more affordable. It’s claims to be more flexible and more stable.
N.B Remember cryptocurrency is not a get rich quick scheme.