There has been a lot of buzz about crypto assets worldwide, so are you planning to invest in cryptocurrencies in 2021? Currently, there are thousands of cryptocurrencies that can make you confused about your choice. But at the same time, it is crucial to make an informed and smart decision. At first, you need a source or place to buy cryptocurrencies. Crypto exchanges are the places or sources from where you can buy cryptocurrencies, but there can be other sources or platforms. But if you want to invest a good sum of money in cryptocurrencies, it is important to go through a guide that explains choosing a reputable and reliable crypto exchange.
Along with crypto exchange, you will also require a digital wallet to store your crypto coins. So before you invest your money in cryptocurrencies, there are various things that you need to learn about the extremely volatile crypto market. At first, we will learn about the best cryptocurrencies in which you can invest your hard-earned money. You can buy and trade bitcoin with BitIQ to have a great experience.
Bitcoin is known to be the king of all cryptocurrencies. It is the first cryptocurrency whose value skyrocketed in the past decade and has liquid value. This cryptocurrency is developed to provide users with a global, decentralized, and peer-to-peer medium of exchange without intermediaries and regulations.
The nature of bitcoin’s market is volatile, but it is still considered a stable crypto coin as it has been in existence for more than a decade. The popularity, adoption, and demand of bitcoin have grown substantially, and it is expected to grow more in the future.
Litecoin is another popular cryptocurrency in terms of liquid value and market capitalization. Unlike the supply of bitcoin that is 21 million coins, the supply of Litecoin is also limited, but it is 84 million coins. The block reward of Litecoin is 12.5 LTC. The mining process of Litecoin is fast and easy for miners, which means the transaction processing speed is fast.
Ethereum followed the footsteps of bitcoin but became the first cryptocurrency to introduce decentralized applications and smart contracts. It is known to be the second-largest cryptocurrency in terms of market capitalization. It is expected will become another cryptocurrency after bitcoin remain stable.
Bitcoin Cash is a peer-to-peer electronic medium of cash that is highly scalable. Because it has a similar name as Bitcoin, it has become a highly noticed cryptocurrency by institutional investors.
Cardano is a cryptocurrency launched in 2015, and since then, it has turned out to be a strong player. It is an affordable cryptocurrency that is known for its Ouroboros blockchain. The reason behind the two blockchains is not to slow down the transaction processing speed. This cryptocurrency is also referred to as Japanese Ethereum.
Ripple is a bit different from other cryptocurrencies as it is a venture-backed startup that facilitates transactions without requiring permissions from banks or the government. In all these years since the inception of Ripple, it collaborated with many popular banks across the globe like Bank of America.
Binance Coin was introduced by the company Binance as a utility token. The value of this digital coin comes from its demand and usefulness. Traders of Binance coins can use these coins to buy other cryptocurrencies and for other purposes from the crypto exchange. Expectantly it is one of the fastest-growing crypto exchanges.
Dogecoin is a crypto coin that has recently gained prominence worldwide. Dogecoin started to increase in 2021, and its value reached an all-time high in April 2021 of $0.2917. It was all because of a tweet made by Elon Musk that SpaceX will accept Dogecoin as a medium of exchange.
TRON is an independent cryptocurrency that has a blockchain platform. It uses the proof of stake consensus method to process all its transactions. This crypto exchange hosts a large number of decentralized applications, making it more popular than Ethereum.
Zcash is a cryptocurrency that offers features that bitcoin doesn’t. Unlike bitcoin that is transparent to everyone, Zcash allows tracking transactions to only those users who want to track their transactions. This is a great feature that adds a layer of security and privacy to users.