Which Crypto to Buy Today – What are the Best Crypto Currencies to Invest In?

Which Crypto to Buy Today – What are the Best Crypto Currencies to Invest In?

What are the Best Crypto Currencies to Invest in?

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What is crypto currency?

So there is a very interesting subject, which is trending in the investors market. If you donโ€™t know about it already then let me tell you about it, it is called crypto currency. So before investing you should know what crypto currency is. well many people know nothing besides trending tweets and memes that are based on crypto currency. Crypto currency is a digital form of currency, like any other currency which can be exchanged as a payment for goods and services. Crypto is protected by cryptography and works using blockchain. Blockchain is a decentralized technology which is spread across multiple computers who manages and records your transaction. one part of this technology which attracts users towards it, is its security. Cryptography Is very hard to overcome and is very transparent, making it the most secure way for people to do transactions.

Why you should invest in crypto

Crypto currency Investment

So now that you know what crypto is, it is time to make a decision why you should invest in crypto. To be more frank many people say that crypto is the future of transactions. The market is in a very heated state for crypto, not only that its security and transparency make it more appealing for users and investors alike. in 2009 crypto market was down and major crypto companies like bitcoin where basically nothing in the share market, but in 2013 things got really interesting ,when crypto company bitcoin hits 350$ returning 31times profit to the investors, that got attention of many people and it made a mark that yes crypto has the potential to grow.

So what are the top 5 companies in the crypto market to invest?

1. Bitcoin

2. Ethereum

3. Tether

4. TRON

5. Cosmos

 

Bitcoin

Bitcoin

So what is bitcoin, and is it safe to invest in it? Like we explained before, bitcoin is a crypto currency which was established in 2009, by a mysterious and pseudonymous satoshi nakamoto. Unlike government authorized currency, bitcoin is operated by a decentralized authority, bitcoin is not backed up by any bank and there is no physical bitcoin available. Every bitcoin is actually a computer file which is stored in a digital wallet app on a phone or a computer. People can send bitcoin to each other and all bitcoin transactions are verified by a massive amount of computing power. All the transactions are saved in a list called blockchain and everyone can see the new transaction being made and new bitcoins entering the system making it impossible to cheat the system. Bitcoin is the largest company in the crypto market and was the first of its own kind. in 2020 bitcoin hits the all time high of $63000 making it extremely successful in the share market. The reason bitcoin is still rising is because of the trust it has of its user, which is still growing. That’s why it is safe to say that you should invest in bitcoin.

Ethereum

Ethereum

It is the second largest and trusted by investors crypto currency, after bitcoin. ethereum is an open source platform based on blockchain technology, and has its own crypto currency as well as its own programming language. Because of being a blockchain network, ethereum is a decentralized public network for verifying all the records and transactions. Apart from crypto, ethereum also has a very flexible blockchain network. If you are finding a substitute for bitcoin, ethereum is the one. but ethereum growth has proved that itโ€™s not just a substitute and does have a trusted community to hike up its prices.

Tether

Tether

Tether, also known as stable coin, is a blockchain based crypto currency, but unlike other crypto currency mentioned above, tether is backed up by US dollars meaning there are actual dollars kept in reserve in financial institutions serving as collateral. you can expect a stable coin to stay stable when backed up by USD parallel, you can say this is the crypto for investors who want to avoid volatility.

TRON (TRX)

Tron

TRON or TRX was initially developed over the ethereum platform; despite that it is gaining popularity quickly. One reason being that it is based on blockchain network technology and is a decentralized operating system even though the market crash did not affect TRON as much as it affects other crypto companies. Reason for that being is its affordable price and future potential.

Cosmos

cosmos

The next up in our list is cosmos. Apart from its interesting name, cosmos is designed for the interoperability of different blockchain, the main goal here is to represent the “internet for blockchain” and connect other systems with it. Cosmos is one of the most affordable crypto currencies out there in the market with high growth potentials.

Why is it best to invest in crypto

Invest in cryptocurrency

 

As it is made clear that many people believe that crypto is the future of transactions and it is only a matter of fact when government agencies all around the world will accept it as a solid value, then the crypto currency will be equally valuable as real liquid money and gold. We cannot say for sure, but chances are high of crypto being the future of transactions. So it is wise to say that investment in cryptocurrency is a good idea.

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