Pundits predict that bitcoin’s value might hit an all-time high of close to $20,000 per bitcoin by the end of this year. The prediction isn’t far-fetched, considering that bitcoin’s value currently stands at around $19,312 per bitcoin.
In the year 2018 alone, the cryptocurrency market’s value stood at close to 237.1 billion. This trend in growth is in part fueled by the shifting interests towards the digital currency market.
Are you looking to invest in the most popular cryptocurrencies in the market today? You aren’t alone. Thousands, if not millions, of Americans, are taking up the idea of investing in cryptocurrencies with impressive returns.
Today, there are different types of cryptocurrencies you can consider. This article is for you if you’re looking for information about the most popular cryptocurrencies in the market. Read on to learn more.
Currently, Ethereum is among the most popular cryptocurrencies in the market. Are you considering investing in the digital currency market? The value of Ethereum stands at around $450, which is a gradual increase from the previous value of about $138 in the year 2019.
Ethereum is a perfect option as an investment in 2020, given that it’s the second-largest blockchain platform today. Compared to other cryptocurrencies, you stand a more realistic chance of growing with this digital currency in the future.
One advantage of Ethereum over other options is that it allows you more options than just money transfer. Further, most Ethereum transactions only take a few seconds to complete, which is a unique aspect. If you need more information on Ethereum, then this post is a useful additional resource.
Litecoin stands out as of the rising stars in the crypto market. When sending crypto to and from other exchanges, Litecoin is the best medium.
The best part is that Litecoin provides this medium with relatively low risks. When compared to most other newer versions of digital currencies, Litecoin is safer and more reliable.
Today, Litecoin is worth around $89.78, which is relatively impressive, considering that more investors now prefer this option. In the last two years, Litecoin has witnessed a constant growth in its value, a trend that has contributed to the popularity of this digital currency.
Litecoin is a peer-to-peer cryptocurrency and runs on open-source software. The crypto bears a remarkable semblance to Bitcoin, which makes it a unique choice for anyone looking to bet on the digital currency market’s future. This is more considering that Litecoin has a market cap of $4.6 billion.
Binance Coin (BNB)
Binance coin has taken a unique approach by going beyond just being a cryptocurrency. The currency went online in the year 2017. When using this option, you cannot only buy and sell Binance coins but can also convert the value of your BNB to other cryptocurrencies.
Today, Binance DEX is among the most popular cryptocurrencies in the market. You also get to gain a discount when you pay your transaction fees on every exchange with BNB. This reward strategy is impressive and helps to keep more users on the platform.
When reflecting on the history of stablecoins, Tether stands out as one of the earliest entrants in the subsector. Stablecoins are cryptocurrencies backed by a fiat currency.
Tether uses the American dollar as the fiat currency for traders. One of the most remarkable advantages of using stablecoins is that these coins help minimize volatility, allowing cautious investors to take risks.
When considering Tether, it’s essential to appreciate that this currency is a blockchain network. This means that you can store the value of currency transactions with this digital currency. It’s fascinating that close to 80% of bitcoin trading happens through Tether.
Further, most upcoming investors in cryptocurrencies trust Tether due to the currency’s liquidity. This platform is safe compared to most other options.
Tron currently has a 24-hour trading volume of $792,591,623 with a maximum supply of 101 billion coins. Despite the currency being worth just about $0.02576023 in value, it has made remarkable strides over the last year. One of TRX’s short-term plans is to reach $1 in value.
The brains behind this currency have revamped its infrastructure with a new direction and progressive partnerships. These strategic changes will have an important implication in shaping the currency’s growth in the future. The only thing that may need to change with Tron is reducing the current circulating supply of the currency.
Libra is among the newest kids on the block. The currency made its entry into the digital currency market in the year 2018. The currency that has links to Facebook is among the most-watched cryptocurrencies in the market today.
Are you looking for the most popular cryptocurrencies in the market? Most pundits retort that Libra will experience constant growth over the next five years.
This is considering the surefire guarantee that Facebook will focus on pushing the currency. Even so, it’s wise to invest with your eyes open to avoid sensational investments.
It’s good to save the best for last. Bitcoin needs no mention, considering that it remains the most significant crypto of all time.
In 2009, bitcoin was typically worth nothing. Yet today, Bitcoin’s value is closing the $20,000 mark. The good thing about investing in Bitcoin is that you don’t have to worry about the teething process salient with most other newer currencies.
Bitcoin also protects you from third-party seizures, an aspect that is often missing with most other currencies. You also don’t need to worry about the risk of chargebacks when trading with Bitcoins. In addition, you get to enjoy the safest cryptocurrency in the digital currency market today.
For anyone who is looking for the most popular cryptocurrencies to invest in, Bitcoin has to be the best option—considering the reliability and reduced risk when trading with Bitcoin.
These Are the Most Popular Cryptocurrencies Today
The digital currency market has seen consistent growth over the last five years. This is more so as more Americans embrace the culture of taking risks with cryptocurrencies.
Are you looking for the most popular cryptocurrencies to invest in?
Apart from bitcoin, you also have other stable options to consider, including Ethereum. These seven top cryptocurrencies are a surefire investment option for you with guaranteed returns.
Are you looking for great content? Our site is your one-stop source for great content on investments, financial decisions, and debt management.