What is cryptocurrency
Cryptocurrencies have become very popular over the world from the past few years. However, the concept of cryptocurrencies is considered geeky and it not understood by most of the people, some people don’t even understand the basics of it. It is a digital currency and it is designed to act as a medium of exchange. In simple words, Cryptocurrencies are the database entries that no one can change unless a few conditions are applied or met.
ICO stats on cryptocurrencies
You can check out the states of the different cryptocurrencies from their site. They provide the information about the Market cap, Price, information about the daily, weekly and monthly states about currencies and details of the profit. You can check out then and compare different digital currencies.
These states will help you to make an informed decision about the investment.
Digital currencies have become very popular and they are growing rapidly. Some famous companies have claimed that these digital currencies will become more popular in the next 10 years. They can be a good place to invest your money.
Why invest in cryptocurrency?
Cryptocurrency has many benefits and advantages. Most of the banks and companies have researched on it. Various research papers have been published about the cryptocurrency. Here is the list of the major benefits of the cryptocurrency.
- Scarcity
- Decentralization
- Privacy
- Lower fees
- Access to everyone
- Recognition at the universal level
What are the best cryptocurrencies to invest your money?
Here are some options, if you are thinking to invest in cryptocurrency but don’t know which one to choose, because there are so many choices out there. You can see the important details about the famous and top cryptocurrencies and then you can invest your money in the one that is suitable according to your requirements.
BITCOIN cash (BCH)
Bitcoin was the first cryptocurrency and so far it is the most famous and popular one too. Ability to handle volatility is considered an attraction for investors when it comes to digital currencies. Bitcoins provide this facility and handle it far better as compared to other average currencies that are available.
Liquidity is a big challenge in cryptocurrencies, Bitcoin is the most famous and used cryptocurrency that’s why it is easy and to liquidate bitcoin currency. The competition in cryptocurrency is increasing but still, bitcoin has high chances and rate of the growth.
Ethereum (ETH)
Ethereum (ETH) was created in 2015 and it has grown and got popular very quickly. Many international companies are discussing the Ethereum (ETH) project and showing interest in it. Many famous companies in the world are designing business-ready versions of their software that drives Ethereum. These companies include Intel, Chase, and Microsoft etc. This cryptocurrency has a good growth rate and can be a good option if you are thinking to invest in cryptocurrencies.
Some other popular cryptocurrencies are
- Zcash (ZEC)
- Dash (DASH)
- Ripple (XRP)
- Monero (XMR)