There is no doubt that Cryptocurrencies are gaining more attention from all countries. Cryptocurrency have been described as the currency of the future. Consequently many people don't want to be left out of this train.
Even students are investigating in this digital assets not minding the volatility nature of the currencies. Regardless of the volatility nature of cryptos, studies had shown that any money invested in cryptocurrencies will surely increase by not less than 500% in about 3 years or much less.
Just like every other business, there are bound to be risk. Also stocks in the stock market shows volatility traits. Stock value can go up or down. But over time, investors will surely smile. Cryptocurrency works in similar ways, just that the volatility here is most time very rapid and, it can go either way. But on the long run, cryptocurrency investors will always smile to the bank.
Related Post; How to trade Bitcoin professionally and be making good daily profit.
To this effect, I want to present to you six (6) best Cryptocurrencies you should invest in for better and greater future profits.
Bitcoin
Bitcoin is still the best cryptocurrency out there by value, price and market capitalization. From launch, Bitcoin was value at $0.003. Bitcoin went ahead to jump to as high as $62,000. There are predictions by crypto experts that the price might hit $500,000 before the end of 2025. This is huge.
Bitcoin has continued to dominate the market space and many businesses are already accepting it a medium of payment. Investment in Bitcoin is one of the best good thing you will ever do for yourself.
Ethereum
ETH is the second rank cryto after BTC in market cap and in value. Ethereum came as a result of upgrade on Bitcoin network (fork). And the value has risen to over $4,000 in the recent weeks.
Many Cryptocurrencies run on Ethereum network. And this has contributed towards the increasing price of ETH. Ethereum has been projected to reach $10,000 before the end of 2022.
Binance Coin (BNB)
Just as mentioned above, BNB runs on ETH network as an ERC-20 token. And Binance Coin has risen to the point of running its own node (Binance Smart Chain) and now have many cryptocurrencies running on Binance network as BEP-20 and BEP-721 tokens.
Related Post: How to make money creating and selling NFTs
These alone has continued to drive the price of Binance Coin. Also Binance had their own exchange platform through which BNB and there cryptos are traded and, BNB is the primary currency for fee payment on the platform. There are over 1.5million users of Binance exchange platform. This contributes to price increase and will see to sustainability of the cryptocurrency.
Dogecoin (Doge)
Doge was created as a meme coin that forked from Bitcoin. In recent times, the price has risen from $0.00002 to over $0.68. Adding over 10,000% profit.
Doge has produced thousands of millionaires in Dollars. And owning to mass adoption from millions of people all over the world, and celebrities like Elon Musk, Snoop Dog and Mark Cuban, the coin has continued to draw attentions.
Many people are flooding to buy Doge because of the low price and high positive volatility rate. The volatility nature has made it a perfect market for traders. Experts are currently working on improving Doge network and, it is projected that the price may hit $10 in couple of years to come.
Cardano (ADA)
According to Securities.io, Cardano (ADA) is a third-generation public blockchain and Dapp development platform. The platform earned international media attention as the first blockchain to incorporate a peer-reviewed research strategy into its core principals. ADA is one of the top cryptocurrencies in the world today and ranked 5th after Doge.
ADA rose from $0.03 to $2.3 in less than 52 weeks. ADA has gain mass adoption and the price has continued to surge. Cardano is academic research base that uses prove of work, this has increased it's adoption; in addition to been listed in many exchange platforms.
Related Post: How to make money trading Bitcoin by yourself on Luno platform in South Africa
Shiba Inu (SHIB)
This is still new and has been Nick named "Dogecoin killer". The frontline promoter of this coin is one of the founder of Ethereum. He recently burned over $6 billion worth of this SHIB in order to create value through scarcity. The value is very low at the moment, about $0.000003, just like Doge when it was launch.
The low value and the brain behind the cryptocurrency has push people in buying the coin believing that the price with shoot up someday.
Also, many prominent exchange platforms and wallets have listed SHIB on their platforms. Notable among them are Binance, Crypto.com, Okex, Huobi, Trust wallet, etc. This has in no small way, grown the confidence of investors. A $5 investment in SHIB will give you over 400,000 SHIB and that could worth thousands in the nearest future.
Disclaimer: Invest with caution
No comments:
Post a Comment
Thank you for your comment