Investing in Cryptocurrency: The Currencies You Should be Trading
When Bitcoin first came into play as a peer-to-peer medium of exchange, not many people trusted its authenticity. Today, there are hundreds of cryptocurrencies on the market, with millions of enthusiasts looking to make a profit from one of them. With all these Altcoins looking to gain popularity and command competitive prices like bitcoin, it can be a little tricky to know which coins are worth your money.
Though we may not have the superpowers to know which cryptocurrency will become the next big thing, we can give you a list of several digital coins are worth investing. These coins are available in major crypto exchanges, and you can enjoy numerous benefits and a great return on your investment. However, it all depends on your investment decisions and the type of digital currency that you choose. Let’s take a look at all the digital coins that you can choose:
Created in 2011, Litecoin is one of the earliest bitcoin alternatives that have seen major growth in the last few years. In light of bitcoins explosive value, this crypto coin has tremendously increased in value and allowed its adopter to enjoy great profits. It’s acceptable in many online exchanges, ranging from Coinbase, Coingi, Poloniex and many others. You can also use them to trade online with different businesses and organizations.
- Bitcoin Cash
Though most crypto experts don’t speak highly of this cryptocurrency, it remains to be one of the most valuable digital coins in the world. This currency has proven to be very volatile in nature, but the users don’t seem to be discouraged investing in it. You can buy it in any of the exchanges available online, including Coingi. However, you consider it a high-risk investment.
Dash is another older alternative of bitcoin, popularly known as DaskCoin. Its framework is quite similar to that of but it doesn’t have any of bitcoin’s issues. When it comes to value, it’s among the top 5 most profitable cryptocurrencies in the world and it doesn’t have a lot of competition like other coins. More importantly, its acceptable by major exchanges and wallets.
Second to bitcoin, Ethereum remains to be one of the fastest growing crypto coins in the world. This currency bundles in features that are beneficial to the users, showing real potential as a great transactional medium of the future. As of late, it has seen an incredible growth, making it the next best thing from what many refer to as the face of the digital economy.
Trading in cryptocurrency
Having in mind that hundreds of digital coins are seeking everyone’s attention online, you can pick any of the above Crypto-coins and invest. You may choose to purchase of the any of these coins from individuals or online forums, but the safest method to purchase any digital coin is through an exchange. However, not all exchanges can offer the coin that you need (check the coins available before choosing an exchange).