Types Of Cryptocurrencies You Might Want To Invest In

The main aim of every investor is to make a fortune from buying and selling various assets. Cryptocurrency is a genuine digital asset to invest in. There are better options in investing in cryptocurrencies which makes it amazing. Did you know that there is an amount of over 4,000 cryptocurrencies in existence, with ever-expanding fields of offerings?

It can be quite difficult to make your way through these broad markets, moreover deciding on the best cryptocurrencies to invest in, which is why we have come up with a list of the best cryptocurrencies you might want to invest in.

1. Chainlink ($LINK)

The chainlink is an ethereum token that powers the chainlink decentralized oracle network (DON). This on-chain provider allows smart contracts on ethereum and enables a secure connection to the external sources of data, payment systems, and APIs. At the kickoff of 2021, chain link possessed an impressive rally, with a massive increase from $11 low to a $36 high price, and that is not all. 

Chainlink, originally designed by the ethereum platform, is adopted by others such as Polkadot and tezos. In 2020, chain link was recognized by the world’s economic forum.

It is already envisioned as an infrastructure-linked or commerce-linked that is likely to overpower bitcoin and you can easily invest on nomadinvestor.com with no hassle. 

The developers that make use of the chainlink network pay with the platform’s native token, LINK. This token helps facilitate the progress of the on-chain ecosystem and might gain prominence over Bitcoin over time as it increases the operation of the blockchain infrastructure. 

2. Cardano ($ADA)

Cardano, launched in 2017, competes with the ethereum blockchain. It was designed by the input-output Hong Kong (IOHK), a decentralized company headed by the co-founder of ethereum, Charles Hoskinson. In 2015, IOHK started to build cryptocurrencies and blockchains for businesses, government, and educational institutions. 

ADA was offered for sale first in 2015; like other cryptocurrencies, it experienced ups and downs. As of February 2021, ADA achieved an all-time high price of $1.49. 

3. Ripple ($XRP)

Ripple was released in 2012, being a cryptocurrency but also a digital payment for financial transactions. XRP remains one of the underrated cryptocurrencies in the world. Ripple Labs created XRP for the use of decentralized payments. Ripple network is used for more than just sending XRP; although it is limited in supply, it is not mined at the same rate as Bitcoin is mined or ethereum, which most people see as an advantage in speed and cost. 

4. Litecoin ($LTC)

Litecoin was created in October 2011 by Charlie Lee, a former employee of Google. It is formed from Bitcoin, with similar characters and features, but faster and lighter. Litecoin is a peer-to-peer cryptocurrency and also an open-source to software projects released under MIT/X11. Based on technical research, litecoin is nearly identical to bitcoin, making it an early stage altcoin of the top charted cryptocurrency, bitcoin. Like bitcoin, litecoin is tagged at 84 million with an approximate percentage of 75%, or a roughly amount of 65 million is already mined. 

5. Ethereum ($ETH)

Bitcoin might be the most popular and top charted coin, but it is not the most influential. This title goes to ethereum. Ethereum allows anyone to build up its blockchain. Ethereum was founded in 2014 and currently at its forefront of the DeFi (decentralized finance) revolution, which makes it simple to swap from a traditional system over to a complete peer-to-peer finance system through decentralized technologies. 

Ethereum, being a prominent cryptocurrency in the market capitalization and volume, recently hit a high record by developing institutional interests. At the end of September 2020, the ethereum market cap increased by 60%, from $25 billion to $40 billion. At a point, a token was worth $483 before reducing to $358. After some weeks, their investors were amazed when it increased to $410 and continued to increase alongside Bitcoin in November 2020. 

6. Bitcoin (BTC)

 Bitcoin is a cryptocurrency that cannot be denied its staying power, market dominance, and continuous importance to the crypto ecosystem. There are quite a few reasons why bitcoin is referred to as the king of crypto. Bitcoin was developed in 2011 by Pseudonymous Satoshi Nakamoto. There would be no self-respected cryptocurrency rank that will be complete without the mention of bitcoin, and especially because it holds over 65% of the entire market cap.

Whether bitcoin’s value continues to charge ahead or even low, there is no doubt that bitcoin will continue its command in the crypto market. 

Now that you have some great ideas in the cryptocurrencies worth investing in, it’s time to proceed with your investment. Investing is a good choice to take, but firstly put enough thoughts into the cryptocurrency you think is best for you. And while investing, we advise you to invest wisely and what you can easily afford to lose. Good luck in investing!