Are you planning to buy or invest in cryptocurrencies starting now? With more than 3000 cryptocurrencies already invented, choosing a currency to invest is a bid headache these days. So let me make it easy for you and list here 5 best coins to invest.
When it comes to deciding what crypto to invest in, the choice can be somewhat overwhelming as there are thousands of crypto coins available in the marketplace.
Long story short, there is no single cryptocurrency we can point out as the best of the best. Many currencies offer attractive opportunities for investment, depending on what you’re looking for and what your investment goals are.
You have to keep it in mind that buying best cryptocurrencies is not enough to be a successful crypto trader.
Many have witnessed their crypto journey come to an end because they didn’t pay enough attention to security. If you are truly serious about investing in cryptocurrencies, you have to put effort into protecting your investment by reinforcing your security.
Many mistakes cryptocurrency investors make are related to security, like forgetting to enable 2FA (two-factor authentication), leaving coins in an exchange, not owning a hardware wallet and more.
Okay, Okay, I know I'm getting out of topic, but I just want to make sure that you are fully aware of this, and doesn't make the same mistakes as that.
So in this article, we are going to give you everything you need to know about the best cryptocurrencies to buy. By the end of the article, you should have a solid understanding of the currencies, how to invest in them (and why you should consider), and some of the best cryptos to get you started.
Top 5 Cryptocurrencies to Invest in from now and get a good return!
BAT - Basic Attention Token
The BAT has been one of the hottest and best cryptocurrencies throughout 2018, 2019 and 2020.
Basic Attention Token (BAT) is another utility token and is utilised by the Brave Browser. The BAT token is used to tip content creators, as well as virtually anyone you find helpful on the Internet.
You can choose how to tip them for any insightful information or content you receive. This has a lot of potential as the web browser industry is quite enormous.
Not just that but users who watch ads can also get rewarded in BAT. This is an area yet to be explored and potentially could lead to a lot of new opportunities for both the end viewer and the BRAVE Browser.
The team behind this concept is Brendan Eich who is a co-founder of Mozilla Firefox and helped create JavaScript. With such credentials, you can bet that the future of BAT is bright.
With so many other coins collapsing, BAT remains surprising consistent, which is a good sign of a healthy accumulation.
The demand for the coin is expected to grow, which would likely lead to an increase in price valuation for the token.
Have you considered buying BAT?
TRON
The reason why we’re adding Tron to the list is that a couple of years ago it acquired BitTorrent. In the long term, this could mean big things for the company and their value if they manage to develop more secure and decentralised torrenting methods.
Some expect innovations such as distributing file parts across a network and recombining them for users to download. Ultimately, Tron is considered an ambitious initiative with a lot lined up in the years to come.
Another reason why TRON is on our list is that TRX/Tronix (the name of the cryptocurrency used on the Tron network) is one of the few ERC-20 tokens that made it to the main net. Its blockchain is up and running!
TRON has over 300,000 accounts. While it’s a lot less than other cryptocurrency networks, the growth is quite impressive.
Last year, TRX was ranked 15th on the list of the largest cryptocurrencies by market capitalisation.
Tronix can also be used by content consumers to pay content creators for access to original material. The coins would then go to the producers’ accounts and can be exchanged for other cryptos or used to pay for various blockchain services.
For these reasons experts TRX is an altcoin with a future and investors should consider do more research before investing in it this year.
Would you invest in TRON?
EOS
A lot of people who have addressed the shortcomings of the Ethereum network are already shifting their investments to EOS.
EOS has already overcome some of Ethereum’s barriers such as the requirement to know how to code in Solidity to develop dApps and is well-known for providing services to developers, including account management services and creating databases that do not require programming knowledge.
Investors are also praising the many technological advantages of EOS, including the fact that the platform performs much faster than Ethereum and Bitcoin and is more scalable.
There is no need for users to pay gas fees to use the network; there’s a centralised group of 21 gatekeepers who approve transactions.
Another reason why EOS might attract your attention this year is the huge and very enthusiastic community. On top of that, EOS completed a successful token sale and has acquired the capital it needs to develop to its full potential in the years to come.
Would you invest in EOS?
Ripple
When it comes to market capitalisation, Ripple comes in third place, right after Bitcoin and Ethereum.
The concept and goals of Ripple are a little different than the rest of the cryptocurrencies on this list.
Ripple is a venture-backed start-up that offers financial settlement services to banks which allows them to make transactions directly and instantly across national borders.
Because of this, Ripple is oriented more towards large institutions, rather than to individual users. It has partnered with large banks around the world and even more financial institutions are looking to adopt the Ripple protocol.
The reason experts think Ripple might explode this year and in the years to come is the fact that due to its institutional support and being safe from SEC regulation, XRP will surely remain a powerhouse among the cryptocurrency community and indeed one of the best cryptocurrencies.
Would you invest In Ripple?
BNB - BINANCE Coin
Binance Coin is one of the best cryptocurrencies to buy if you want to diversify your portfolio and already own major coins like BTC or ETH.
The company, Binance, has a solid business history and an experienced team behind its main concept, which is to be a utility token.
The value of Binance Coin comes from how useful it is, along with the level of demand for its utility.
The success of Binance is proof to a lot of investors that they have the skills and resources to make this coin a success.
Binance Coin is also one of the most liquid cryptocurrencies right now, ranked within the top 10 on CoinMarketCap.
Its volume shows consistent growth as well. Despite volatility, the price of a Binance Coin has multiplied x3 earlier this year.
The Binance exchange is also one of the world’s fastest-growing cryptocurrency exchanges. Any transactions on the exchange are done using Binance Coin, making BNB one of the fastest-growing cryptocurrencies this year, in terms of trading volume.
Would you invest in Binance Coin?
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Disclaimer: Cryptocurrencies are highly volatile. Your capital is at risk
Trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors.
