If you are interested in investing in cryptocurrencies, here are the top 5 cryptocurrencies to invest in. You’ll want to invest in them if you’re able to afford to lose a little money, but make sure you choose them wisely. If you’re not familiar with the cryptocurrency market, here are some basic guidelines to get started. First, you should know that there are thousands of cryptocurrencies. Here, we’ve ranked each one based on its market cap.
Cardano (ADA) – This cryptocurrency has had a spectacular ascent in recent months, and is considered the best crypto coin to invest in today. It was developed by Charles Hoskinson, and is based on a series of blockchain implementations. These implementations help make the blockchain more functional and scalable. It has since entered the top 10 most capitalized cryptocurrencies and exceeded the $1 target for the first time.
Ripple – While Ripple is the most popular crypto coin by market cap, its popularity is based on its ability to facilitate the transition from the current financial system to a more decentralized one. With a rapidly expanding network and solid technology, Ripple could become the top crypto coin to invest in by 2021. Litecoin – The Rodney Dangerfield of crypto, Litecoin is a spin-off of Bitcoin, created by Charlie Lee. The coin is a lighter, faster version of Bitcoin.
Steem – This is a decentralized blogging platform, akin to Twitter. This cryptocurrency is based on the Ripple protocol. Every time you post a blog or comment on a Steemit post, you earn Steem, a cryptocurrency backed by Twitter and the Dallas Mavericks. If you’re looking for a long-term investment, Steem may be the best choice.
Ethereum – Another smart contract platform, Ethereum is second in terms of market cap. With a market cap of 400-450 billion dollars, it’s a good option for investors. The currency it uses is called Ether, which is used to pay gas fees on the Ethereum network. Its main goal is to host other cryptocurrencies and create smart contracts. It’s possible to invest in several different cryptocurrencies.