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Hailed as the currency of tomorrow, cryptocurrency offers almost unlimited opportunities. (Image via: The Star)
Into Cryptocurrency? Top 3 Best Cryptocurrencies for Your Investment
The future is now. While there are liquid and physical investments, people all around the world are wondering about the unknown-yet-thrilling cryptocurrency. Begin in 2009, cryptocurrency has had its ups and downs.In 2010, a bitcoin holder decided to sell his 10.000 bitcoins for 2 pizzas. What he regrets now is that if he had held it for a little while, the price could have reached $100 million by now. Not really good bargain.
Now, in order to prevent yourself from having the same ill predicament as that man, we are offering you 3 top cryptocurrencies that you can invest your money into.
The first cryptocurrency, literally, is Bitcoin (BTC). BTC is known as the grandfather of cryptocurrency since it is the first known to the public. The story above involved Bitcoin. As the king and the pioneer of cryptocurrency, BTC advantages from the large market cap. In addition, it is quite liquid and offers high levels of trading. Nowadays, there are many competitors in cryptocurrency for BTC, however, as they say, the king never dies.
The second best goes to Ethereum (ETH). Introduced in 2015, ETH was the first cryptocurrency to rely on “smart contracts”. The cryptocurrency used by ETH is called Ether. It almost beat Bitcoin by split value. However, despite its being bested by BTC, ETH is still considered one of the best cryptocurrencies in the world.
The second runner up goes to Ripple (XRP). Released in 2012 as an invention by Ripple Labs, it is one of the most frequent used cryptocurrencies in the mass market. The reason why it is commonly used is that XRP partnered with financial service, making it able to be used in high-speed and low-cost money transfers globally. In 2017 alone, XRP rose 36,000%. With the growth, more and more financial partnerships are joining XRP in the near future.
These are the best 3 cryptocurrencies we can offer you. Despite being hailed as the currency of the future, further evaluation and observation are needed before investing in cryptocurrencies. Waiting for cryptocurrencies to make it big will take a while. However, in terms of investment, it is truly promising.
Source: https://www.benzinga.com/money/best-cryptocurrency/
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