It’s hard to believe, but it’s been almost a decade since Bitcoin burst onto the scene and changed how we think about money. In that time, cryptocurrency became a fringe technology to a mainstream phenomenon. There are now dozens of different cryptocurrencies available, but not all are worth watching. We will look at the five best cryptocurrencies in the world right now.
- Bitcoin
Bitcoin is the original crypto trader portfolio and remains one of the most popular options. It was created in 2009 and is now worth over $7,000 per coin. Bitcoin is a deflationary currency, meaning that there will only ever be a limited number of them available. It makes it a good investment option for those looking to hold onto their coins for the long term.
Bitcoin has a market capitalization of over $100 billion and is used by millions of people worldwide. Bitcoin is also one of the most stable cryptocurrencies, meaning its price is less likely to fluctuate wildly. Again, this makes it a good investment option for those looking to hold onto their coins.
In addition, Bitcoin is being used more and more as a payment method by businesses. It is a good option for those looking to use their cryptocurrency for everyday transactions.
- Ethereum
Ethereum is a newer cryptocurrency that came about in 2015. It is based on blockchain technology and has over $30 billion market capitalization. Ethereum is different from Bitcoin in that it is not just a digital currency but also a platform that builds decentralized applications.
It makes Ethereum an exciting option for developers and those looking to invest in the future of blockchain technology.
- Litecoin
Litecoin is a cryptocurrency that came about in 2011. It is based on the Bitcoin protocol but has a different hashing algorithm. It makes it faster and more efficient than Bitcoin. Litecoin also has a larger supply than Bitcoin, meaning its price is less likely to surge.
Litecoin has a market capitalization of over $5 billion. While Litecoin is not as popular as Bitcoin, it is still one of the most well-known cryptocurrencies, mainly because it has been around for much longer than most others.
- Ripple
Ripple is a cryptocurrency that came about in 2012. It is different from other cryptocurrencies because it does not rely on blockchain technology. Instead, it uses a consensus ledger to validate transactions. It makes it much faster than other options.
Ripple has a market capitalization of over $10 billion and is used by banks and financial institutions worldwide. Ripple is also one of the most stable cryptocurrencies, meaning its price is less likely to fluctuate wildly.
- USD Coin
USD Coin is a new cryptocurrency that came about in 2018. It relies on the Ethereum blockchain, and United States dollars provide its backing. It makes it a durable option for those looking to invest in cryptocurrencies.
USD Coin has a market capitalization of over $100 million and is used by banks and financial institutions worldwide.
Conclusion
The five best cryptocurrencies right now are Bitcoin, Ethereum, Litecoin, Ripple, and USD Coin. These options are all worth investing in due to their stability and potential for growth. Cryptocurrencies are a new and exciting asset class that offers a lot of possibilities.
