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What are the Top Crypto Currencies to Invest In?
Cryptocurrency is expected to make waves in the world of investments this year and it doesn’t come as a surprise at all. Among other types of commodities, cryptocurrencies are among the investment products with the highest yield.
If you have plans to invest in these products, one question that is probably bothering is “what are the top crypto currencies to invest in?”
While there are already several cryptocurrencies that are getting the interest and attention of many traders, below are the best choices you have if you want to make the most out of your investment.
Bitcoin is and will continue to be the first choice for new and existing crypto investors alike. The past several stints have worked wonders in the popularity and value of this cryptocurrency. Most investors are even hoping that the price of Bitcoin will reach a new all-time high record. The currency is expected to continue dominating the market this 2020 and maybe even beyond.
ETH, the Ethereum blockchain network’s native cryptocurrency, is the single digital coin that managed to keep up with the reputation and popularity of Bitcoin. This is an altcoin that uses practical smart contracts made in such a way that these could be used in various real world applications to perform transactions in a highly peer to peer, decentralized and secure manner.
Unlike Bitcoin, ETH’s demand and value are mostly due to its usability and high demand for its applications and blockchain that could be customized with ease to develop other decentralized smart contracts, currencies and applications.
Dash is yet another type of cryptocurrency made on the concept of peer to peer and secure digital payments. One of the many things that make this coin popular is its capacity to process payments in real time almost immediately that allows organizations and individuals all over the world to perform instant and safe cross-border transactions with the use of Dash. Its popularity is also because this charges cheap fees from transacting parties with highly reliable payments.
Another all-time favorite cryptocurrency among investors aside from Bitcoin, Ripple is widely used for cross-border payments by most major financial institutions such as banks all over the world. Aside from acting as the main currency to perform transactions in the Ripple Ecosystem, you can also use Ripple to perform affordable and easy worldwide financial transactions. The Ripple network provides an extensive array of in-demand products like xCurrent, RippleNET, and xRapid that global institutions use to find and connect with service providers and customers.
Neo is the first ever open source cryptocurrency with origins in China. This is also often referred to as Bitcoin’s Chinese version since it functions almost like Bitcoin that the country officially declared as illegal. But Neo is actually not like Bitcoin in any way. For starters, Neo is open source and a community of developers, investors and users run it. Neo also features a multi-language supported and cross-platform smart contract system developed on blockchain technology for efficient and easy digital asset management within a decentralized environment.
These are the top crypto currencies you can invest in. Choose the one that suits you and your investment goals.
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