Top 3 Cryptocurrencies Worth Investing In
If you’re reading this article, chances are you’re interested in crypto. Maybe, you even a couple of coins but you’re hungry for more. Even in the middle of a dismal bear market, crypto is a space overflowing with opportunities for you to make some extra crypto cash. But what cryptocurrencies are on the roll now? Should you invest your hard-earned dollars in Bitcoin or immediately convert Litecoin to PayPal to buy more Ethereum? Or, maybe, it’s time to spend more fiat money on Monero? Let’s find out right now what cryptocurrencies are predicted to be the most profitable and in-demand in the nearest future.
- In this article, we’re making the attempt to pinpoint what is going to propel cryptos on the list to become lucrative options. But you should keep in mind that crypto is dynamic, and what’s true today may not be true tomorrow. So, you shouldn’t construe our predictions as the ultimate truth or a direct call to action. We highly recommend that you try and assess the potential of each and every coin you put a bet on. You’ve got to understand what your crypto’s killer features are and what separates them from competitors.
A majority of institutional investors, crypto whales, and day traders still use BTC as a standard denomination doe cryptocurrency trading. Bitcoin has been around for 11 years now. And in that time it survived one of the most catastrophic mismanagements of funds, hard forks, fraud attempts, market manipulation, and government regulation. No wonder, so many investors pin their hopes on good old Bitcoin in the second decade of the 21st century. It’s a tough cookie to crack. It’s also the only cryptocurrency that most regular people outside of crypto know about. Be honest with yourself, before you took an interest in cryptocurrency did you know about any other crypto outside of BTC? The first-mover advantage serves as a guarantee that new money will always be pouring into Bitcoin. Additionally, no other crypto has futures contracts. Of course, nobody know whether Digital Gold can be pumped to, say, $100,000 in the future. But Bitcoin definitely has a lot of life and potential left in it.
You probably know that Monero used to be mined with the GPU, but then switched over to ASIC mining. Monero has recently forked to the new algorithm called RandomX. So for the time being you can mine this crypto using your GPU only. Monero provides miners with more security and privacy. The developers put special emphasis on decentralization and are striving to protect their miners from passive network monitoring. By disguising their addresses, Monero enables its participants to perform multiple transactions completely anonymously and safely. There are also other benefits to Monero, such as adaptive block size limit, fungibility, high compatibility with all popular operating systems, and non-traceable transaction history. This all makes Monero worth giving a shot.
One might make the argument that Ethereum has changed the cryptocurrency market in five years more that its Bitcoin counterpart has done in 11. The creators of this truly magnificent digital coin have managed to drive it to second in global market cap. There’s a really good chance that if Bitcoin due to some reasons falls from its number-one spot, it will be replaced by Ethereum.
Ethereum represents a formidable project run by extremely talented developers who delivered their product that’s already changing the world. Most new coins that come out these days are the tokens running off Ethereum blockchain. The Ethereum network currently processes more than 1, 5 million transactions a day, which is larger than all the other altcoins combined. Of course, there’s been network congestion and fees continue to rise as a result, but the length and breadth of the applications for this blockchain are immense. From crypto hoodies to decentralized exchanges, to insurance contracts, Ethereum enables it all. Ethereum is very likely to become a backbone of every smart contract transaction in the world. Once that happens, Ethereum has won the crypto game for the foreseeable future.
We’ve done our best to help you spot the coins standing the best chance of becoming the biggest cryptos. Hopefully, you’ll manage to invest wisely and get the most out of your crypto ventures.