Here’s a rundown of some of the top cryptocurrencies to invest your dollars or other fiat currencies for the year ahead. Best Cryptocurrencies to Invest in This Year Unlike gold, which has similar benefits, cryptocurrency is easier to store, easier to transfer and easier to trade.Īnd now the moment we’ve all been waiting for: drumroll please. While we are not saying that crypto trading is or should be viewed as a get-rich scheme, we mention this statistic simply to illustrate the extraordinary opportunities that a cryptocurrency such as bitcoin presents for traders.Ĭloser to reality, crypto traders are drawn to the digital asset for a range of reasons: they can function as a store of value they are a useful portfolio asset and they can be used as a direct method of payment. If you invested $1,000 in bitcoin in 2010, it would be worth roughly $287.5 million today. So what are some of their benefits and why should you invest in them? Let’s start with a bit of hype. And with mainstream traders and institutions increasingly eyeing digital assets, there can be little doubt that cryptocurrencies have proven themselves to be both popular and successful. No longer the exclusive domain of fintech disruptors and day traders, cryptocurrencies and the technology used to trade them have gone mainstream. Cryptocurrency has transformed from being a niche digital asset to something that is experiencing widespread adoption for a variety of reasons across various segments of society. Try It for Free Why You Should Invest in CryptocurrenciesĪpple, Google, Tesla, Samsung, Facebook, PayPal, Deutsche Bank-these are just some of the big-name players that have made cryptocurrencies part of their long-term strategic plans recently. And we also have recommendations based on privacy, scaling, and interoperability. While we’re not going to reveal our hand at the very outset of this article, we will say that we’re bullish on Ethereum Virtual Machine (EVM) chains and the many associated coins (more below). Which crypto is best for the future? What are the top 10 cryptos right now? Which crypto has the most potential in 2022 and beyond? And with over 12,000 cryptocurrencies from which to choose, the ability to find new crypto coins as well as knowing the best time to buy crypto become crucial, especially since the market is open 24 hours a day, 7 days a week, 365 days a year. If you’re like most crypto investors, then you have a lot of questions about the future of cryptocurrency, especially in light of the ongoing crypto winter. Unlike most of the copy-and-paste “best cryptocurrencies to invest in” lists that seem to pop up everywhere these days, we’ve put some time and effort into exploring the latest trends in crypto and blockchain in order to determine which ones have the staying power both as short- and long-term investments.
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