Today, the world knows tens of thousands of different cryptocurrencies, each of which has its own purpose. It is very difficult for a novice investor to decide where it is best to invest money, because the choice is huge and there are, unfortunately, no universal selection criteria. Many people know only Bitcoin, but there are a huge number of other interesting coins.
We, in turn, will help you understand this ocean of coins. About the best of them will be discussed in our material.
1. Bitcoin (BTC)
Bitcoin is the most famous and most common cryptocurrency in the world. Its story began back in 2008, when a programmer or a development group under the pseudonym Satoshi Nakamoto published a document with a detailed description of the coin. In 2009, the first block was created. A reward of 50 BTC was received for it. Since then, Bitcoin has become more and more popular every year.
Bitcoin is one of the oldest currencies. It still occupies a large part of the market. It is actively used in payments in cafes / restaurants and on the Internet. During the existence of Bitcoin, thousands of cryptocurrencies were born and died, but Bitcoin continues to be a symbol of the crypto world.
At the end of 2017, the coin peaked in price – 20 thousand dollars. Then a prolonged fall began. Now the situation has stabilized, and the cost ranges from 6 to 10 thousand dollars.
The disadvantages of BTC are its low scalability, low translation speed and constantly ongoing hard forks. Experts believe that solving these problems will allow Bitcoin to repeatedly increase its value.
2. Dash (DASH)
Dash is a promising, fast-paced coin. The launch took place in 2014. The first name is Xcoin. For some time, the currency was called Darkcoin.
A distinctive feature of Dash is its anonymous transaction system (using the Darksend mechanism). The main difference from many other coins is that decisions regarding the future of Dash are made not by developers, but by all members of the Dash network using a decentralized management mechanism (the so-called digital democracy).
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The project is financed through mining. 10% of the money goes to maintain and improve the network.
3. EOS (EOS)
EOS began to develop in 2017. The developers planned that their product would be an improved version of Ethereum. So it essentially happened. The ability to produce up to a million transactions per second, the lack of transfer fees, the ability to deploy decentralized applications (DApps) are just a few of the advantages of the project.
In the list of public blockchain projects published by the PRC government, EOS continues to occupy a leading position. Interest in the project, obviously, will only grow, and the potential for growth is huge.
4. Ethereum (ETH)
The project of Vitalik Buterin literally made a revolution in the field of altcoins. A flexible system of smart contracts was created, which users began to actively use in transactions.
The ERC-20 token standard has become the most used in the world. Tens of thousands of ICO projects issued tokens of this particular standard.
Ethereum is constantly improving. Developers continue to remove shortcomings, improving network performance. For a long time, the coin remains the second most important in the world, and continues to be in the top best cryptocurrency to invest.
5. Binance Coin (BNB)
Binance Coin is a token actively used on the Binance exchange. It provides users with a discount on any purchases on this platform. The coin has high liquidity such as all top 10 cryptocurrency to invest.
There is no doubt that the cryptocurrency created by the famous cryptocurrency exchange Binance will continue to stay afloat, so investors continue to invest their money in it.
6. IOTA (MIOTA)
IOTA originates in 2015 (then the ICO was launched). The main difference from any other cryptocurrency is that IOTA doesn’t use blockchain, it uses the free Tangle registry technology based on a directed acyclic graph (DAG). The principle of operation of DAG is a straightforward process of development from older to newer transactions. Speaking quite simply, IOTA can’t create blocks, the coin doesn’t have a blockchain and mining is not available.
IOTA solves a critical digital currency issue. We are talking about their application for daily payments. In addition, IOTA was developed for the Internet of Things, which, according to experts, is the future. It is also worth mentioning the unlimited scalability, lack of fees and fast transactions.
7. TRON (TRX)
Another worthy representative of our top 10 cryptocurrency to invest. The project is closely linked to the entertainment industry. This decentralized platform can be compared with social networks where users watch, post and store entertainment content. Many application developers are already using TRON to their full potential.
The market for gaming entertainment is constantly evolving. Experts estimate it over a trillion dollars. Given the growing activity of using TRON, we can confidently talk about the good prospects of this coin.
8. NEM (XEM)
NEM is a promising Japanese data management platform. The main task is the easy and not very costly implementation of blockchain technology in business processes. A block of coins is generated in just 60 seconds (one of the lowest values among all cryptocurrencies).
The main difference from other top 10 cryptocurrency to invest is that the users, instead of mining coins, collect them like a «harvest». Consensus mechanism Proof-of-Importance (POI) defines the collector of the next «harvest» block.
Besides, the developers implemented a private system Mijin. This system makes banking transactions as safe as possible, that’s why NEM — official instrument of payment for transacting in Japan.
9. Litecoin (LTC)
There is no necessity to talk about Litecoin once more. The coin, which is created due to Hard Fork, is an upgraded version of Bitcoin. It differs from Bitcoin low commission and scaling feature.
As a «digital gold», Litecoin is constantly popularized in the world. A lot of stores where it is possible to pay with cryptocurrency, approve for payment both Bitcoin and Litecoin. The number of terminals is constantly increasing. It is expected that there will be more than 4000 terminals only in Argentina.
10. Ripple (XRP)
The third largest cryptocurrency in the world by capitalization is also a good investment medium. The developers take a serious aim — to become an alternative to international money transfer system SWIFT. The project was launched in 2012. It’s aim is to provide «safe, momentary and almost free global financial dealings of any size without chargeback».
Such companies as Mitsubishi UFJ, BBVA и UniCredit have already partnered with Ripple. This list is constantly updated. The developers are trying to attract as many partner companies as possible for using their technologies. So, they are going to achieve their aim.
this article “top 10 cryptocurrency to invest” is not a recommendation for investment or investment in cryptocurrency, as well as perceived as investment advice. Be careful, because investing in cryptocurrencies is very risky and you need to consult with your financial advisor. Past earnings do not guarantee future earnings.