People nowadays are becoming more and more familiar with cryptocurrency. Many of them, especially young employees, invest their money because they believe in the long-term benefits, such as the huge amount of savings they would get in the future or when they retire. They also feel safe and secure because of the blockchain technology that it has.
While digital currency is now becoming popular in the world, it is also important to note that its market values are highly volatile which makes investing in it a bit risky. That is why it is also important to learn what cryptocurrencies are best to invest in and below are the top options.
- Bitcoin (BTC)
Market cap: $1.247 trillion
For a long time, bitcoin has been the largest cryptocurrency in the world and the so-called digital gold. Its crypto price and market cap are both more than 60% higher than the rest. What makes it more interesting is that bitcoin is already part of transactions of some known corporations like VISA and Tesla. Furthermore, there are also reports that some big banks are including bitcoin transactions in their services.
- Ethereum (ETH)
Market cap: $554.178 billion
Next in the lead is Ethereum, the second-largest cryptocurrency after bitcoin. This currency has an amazing track record of growing by almost 44, 000% or $11 to $4,400. Unlike bitcoin, it is a digital currency and a network (allows users to create their cryptocurrency using ETH network) at the same time.
- Binance Coins (BNB)
Market cap: $109.822 billion
The third is Binance coins which obviously have a lower crypto price and market cap than the previous digital currencies. But what makes it land at the third spot is its amazingly consistent performance in the past years. Because after 2017, its peak year, Binance coins have marked a 1,637% growth since January, which simply tells why it is a wise option to choose from the best cryptocurrencies to invest in.
- Cardano (ADA)
Market cap: $68.633 billion
Although its market cap is way too smaller than the leading crypto, what makes Cardano a great choice is you will just spend a little amount of money and a little amount of energy in its transaction. This digital currency has also proven that it is more adaptable and secure than its competitors.
Market cap: $50.045 billion
The fifth on our list is Ripple’s very own XRP. Just like the Cardano currency, it is way cheaper and the transaction is faster. You don’t also need to worry about its security system because Ripple has invested a huge amount of money in blockchain technology. XRP, according to some professional opinions, is a killer of the Ethereum currency.
- Solana (SOL)
Market cap: $73.230 billion
Last on our list is a neophyte in the league but showed an incredible performance this year. Its amazing performance this year has even made Ethereum, its main target, run for its money. Its network has also proven that it has great speed and scalability.
(Crypto prices and market caps were based on November 2021 statistics.)
High research skill is actually the very first requirement in choosing the best cryptocurrency to invest in. This information I presented to you could be your guide. But, if you are still looking for more options, always check its track record, the technology used, how long it has been in the market, how many people are investing in it, and of course, the historical record of its volatility in the market.
Once again, be mindful and careful because entering the world of cryptocurrency is like joining a survival competition. You need to be wise, compete, and get that reward.