Cryptocurrency is the latest talk of the town. People are heavily investing in it, and the term is becoming more popular with each passing day. Using this model, one can easily transfer digital currencies using decentralized systems. Renowned companies are also including this mode of payment for their customers. Some famous businesses where you can use cryptocurrency are PayPal, Google, Apple, Samsung, etc. If you are planning to invest in a cryptocurrency, it is time to know about the best cryptocurrency in the market. Keep reading!
Bitcoin- BTC
Bitcoin was introduced in the year 2008 by a person named Satoshi Nakamoto. It is, however, unconfirmed who this person or people are in reality. It is a simple decentralized currency that you can send to anyone using the BTC network. Bitcoin does not require any moderator for controlling the payments. All the transactions go directly to a public network called the Blockchain, and it is verified using cryptography format.
Even though the value of BTC keeps fluctuating, it is one of the highest-grossing cryptocurrencies in the market. It is because the popularity and the value graphs of Bitcoin have always shown an upward curve. Currently, it has a market capitalization of close to $1 trillion, which is huge. Hence, our experts believe BTC is the best cryptocurrency to invest in.
What Are the Other Best Crypto Currencies in the Market?
Now that you know that investing in Bitcoin will be the best decision related to cryptocurrency, we will like to give you an insight into the other fine options to choose from. Have a look below!
Ethereum- ETH
Ethereum is another popular decentralized financial software where you can make transactions without the involvement of any third-party website, app, or bank, this is why there has been a rise in investors opting to buy Ethereum. ETH is the next popular and valuable cryptocurrency after Bitcoin. It was launched in the year 2013 by Vitalik Buterin. It is primarily used for:
- Decentralized finance
- Non-fungible tokens
- Initial coin offerings
As per the March 2021 reports, the market capitalization value of ETH is around $195 billion. Hence, investing in it will be a good idea!
Tether- USDT
USDT was launched in the year 2014. It uses the Blockchain network for payments. The price of USDT remains the same for a longer time, unlike the other cryptocurrencies. This stable pricing is what makes it popular among the people. It holds a market capitalization value of $24.4 billion, which makes it another decent choice for investment.
Ripple- XRP
Ripple was first launched in the year 2012. The cryptocurrency here is XRP, which can be used to pay anyone using a decentralized financial system. Here, the network is made of validation nodes that replace the popular Blockchain network. ZEC to XRP exchange rates is also pretty high in the market. As per the April 2021 market capitalization report, the current XRP value is around $26 billion. Therefore, you can invest in this cryptocurrency shortly.
Final Verdict
We hope this article has helped you know the cryptocurrencies that are good to invest in. Of course, the best option is to go for BTC. However, if you have already tried investing in it and want to find some other decent cryptocurrency, ETH, USDT, or XRP are good options. So, which one will you choose? Do share with us!
Read more: Unimaginable Usage of Cryptocurrency
