Best Cryptocurrencies To Invest In Today
Due to the hype around it and the many millionaires that it has made,cryptocurrency is now a very attractive investment for most people. With so many varied opinions and experts yelling unrealistic predictions all over the place,finding a Cryptocurrency can be a real headache.We've seen what looked like some of the most promising coins crash, depreciate or worse turn out to be a scam.Take the squid token for example; at first it looked like a Godsent token which will take away your financial woes, but turned out to be a scam, with scammers fleeing with a fortune leaving the poor investors with nothing but their own tears.It is no wonder people,especially beginners are anxious when it comes to the choice of investment.But don't worry I got your backs. Below are a list of the 'safest' and and most promising cryptocurrencies you can invest in.
I. Bitcoin
Though bitcoin's undoubtedly one of the best cryptocurrencies in today's market, new investors often shy away from it,thinking that it's too late to invest,coupled with its expensive price it's enough to make most new investors throw in the towel. In fact it's nowhere near late at all as the bitcoin bus hasn't even taken off yet:despite it's expensive price it's highly undervalued,this is in view of its 21 million supply.Bitcoin is going to get more expensive and make more people even richer.This is because the coin is now getting increasingly adopted by many companies and communities with some countries even considering to adopt it as a currency.With this increasing acceptance rate comes increased demand,which in turns makes the coin rarer and hence more expensive.This will be your dream come true. Also Bitcoin is pretty much one of the safest(if not the most safest) Cryptocurrency you can invest in. This is because it is highly decentralized and hence cannot be controlled by any one individual.
II.Binance Coin
As one of the most utilized coins in the market today,Binance coin is definitely a great investment.It's widespread use stems from it being incentivized as a payment method on the Binance platform which is by far the largest trading platform by volume. It's no thought therefore that it's use will be celebrating more widespread in future as more and more people enter cryptotrading.The coin impressively rose from just a few pennies to am all-time high of 667 USD in a few years.Binance burns millions of coins monthly,and for this reason most experts are certain that the Cryptocurrency will trade over a 1000 USD in a matter of months.
III.Dogecoin
Dogecoin is a very famous meme coin, while it's prices remain low(which is.good news by the way),the coin would most probably be a good investment due to its getting increasingly adopted.Dogecoin prices surged recently following a tweet by billionaire Elon Musk in which he called himself the dogefather.Elon recently bought twitter recently and there have been speculations that Dogecoin will be one of the payment options on the social media platform.Though the bid is on hold currently,Elon has once again promoted the meme coin in another tweet.
IV. Solana
Solano had a relatively higher performance than all other Cryptocurrencies in 2021 after an over 10,000 percent increase.Solana is definitely one of the best Cryptocurrencies to invest in toda.It has a great speed of about 50,000 transactions per second.In addition,it is now being increasingly adopted as a medium of exchange in most platforms and communities.It is one of the fastest growing of DeFi and NFT projects.
V. Apecoin
Apecoin has gained increasing popularity and use this year, being affiliated with the famous BAYC NFTs. Apecoin is the utility token of the BAYC ecosystem.A utility token is a token that is used as an exchange medium on a particular network.Currently it's part of the top 25 Cryptocurrencies increasing over 50 percent in the past few years. Analysts predict that the coin will be worth between 14USD and 18USD by the end of the year, a nearly 200 percent increase.
VI. Ethereum
As one of the fastest growing Cryptocurrenies today, ethereum couldn't possibly be left out on this list. It is by far the second largest Cryptocurrency by volume. For investors,ethereum can be used in one of two ways as a medium of exchange or as a store of value.Ethereum has several uses besides being money or a 'gold vault':it can be used to design apps such as the lending app which allows users to either lend or borrow Coins.Due to it's versatility,the use of the coin has increased rapidly as well as the price.Most experts expect the coin to be valued at 12,000USD this year. If it does happen you won't want to miss it.
VII.Bitcoin Cash
It was developed by bitcoin miners Inna bid to solve the slow transaction rate of bitcoin. They increased the block size by about 32 times to accelerate transactions.More transactions can be done per block.Also fees for withdrawals are less than for bitcoin.Analysts predict that bitcoin cash will surpass over 3,000 USD in 3 years time.
Remember though that no investment is risk free.
bitcoin is definitely a no brainer - but apecoin I need to be watchful on that since it is already included in Coins.ph I will be mindful of it more.