Bitcoin is the top cryptocurrency of all time, but if you want to make some money, you cannot afford to be late on other cryptocurrencies. So, here are the top 10 cryptocurrencies for beginners that are worth investing in.
Here’s a list of the best cryptocurrencies:
1. Bitcoin (BTC) – $6,389.41 USD (2.71%)
2. Ethereum (ETH) – $218.33 USD (3.66%)
3. Ripple (XRP) – $0.537974 USD (-1.48%)
4. Bitcoin Cash (BCH) – $465.11 USD (2.77%)
5. Litecoin (LTC) – $62.67 USD (1.81%)
6. Cardano (ADA) – $0.101440 USD (1.92%)
7. Stellar Lumens (XLM) – $0.250927 USD (-0.46%)
In the last few years, cryptocurrency has been booming. The new digital currency demonstrated its potential to the world and many investors joined the crypto train.
You might think that it is too late to enter the cryptocurrency market, but you are wrong! While this is true in some cases, there are still plenty of opportunities. Moreover, if you are a beginner and want to invest in cryptocurrency, it would be best if you start with the top cryptocurrencies of all time.
So, here is a list of the top 10 cryptocurrencies for beginners that can help you to get started:
Bitcoin (BTC) was the first cryptocurrency ever created. It was introduced in 2009 by an anonymous person or group named Satoshi Nakamoto. Bitcoin is based on blockchain technology – a distributed ledger enforced by a decentralized network of computers. This revolutionary technology enables users to control their funds and conduct transactions without relying on third parties such as banks or governments.
Bitcoin is considered as digital gold since it has a limited supply of 21 million coins (only 18 million coins will be mined). It offers many practical use cases such as paying for goods and services, sending money abroad in seconds, creating smart contracts and dApps, etc. Moreover, Bitcoin has been recognized as a safe haven asset
Bitcoin, the first cryptocurrency ever created has indeed become the most widely used digital currency on earth. Ever since the existence of Bitcoin in 2009, it has witnessed unprecedented growth across the world. The reason for its worldwide acceptance is no other than its ability to changed the way transactions are conducted in many electronic platforms. Conventionally, electronic card transactions take approximately three business days to get confirmation. On the other hand, Bitcoin transactions take few minutes to be confirmed on the blockchain.
Despite the fact that the popularity and value of bitcoin have skyrocketed over time, it is not without its challenges. One of these challenges is that not everyone can successfully mine bitcoin. It has a very high barrier to entry and requires a lot of technical know-how and computing power.
This makes bitcoin mining heavily concentrated in China where there is cheap electricity in abundance and cold climate that helps reduce cooling costs for mining rigs that run 24/7.
If you are new to cryptocurrencies then you should start with some of the more popular options like Bitcoin. However, there are hundreds of different coins available today so it can be tough knowing which to choose when starting out as a beginner investor.
Bitcoin was the first cryptocurrency to ever be created, hence why it is still one of the most popular. Bitcoin was created in 2009 by an anonymous developer known as Satoshi Nakamoto. Bitcoin has now been a part of the cryptocurrency market for over 10 years and is still used daily by many people.
Altcoins are alternative coins or cryptocurrencies that are not Bitcoin.
Ethereum was created in 2015 by Vitalik Buterin and is now the second most popular cryptocurrency on the market. Ethereum is a decentralized open software platform that enables developers to build and deploy decentralized applications (dApps), smart contracts, and other blockchain-based features.
EOS was launched in June 2018 by BlockOne and is currently ranked at number 5 on coinmarketcap.com as of December 2019. EOS has one of the largest capitalizations among cryptocurrencies, only behind Bitcoin, Ethereum, XRP and Tezos.
XRP was created by Ripple Labs in 2012 to help banks speed up transactions and reduce fees associated with cross-border payments.
Litecoin was created in 2011 by Charlie Lee, an ex-Google employee who left his job to focus solely on Litecoin for a period of time before moving on to other projects. The coin became very popular in 2013 when its price increased
Bitcoin. Bitcoin is the most popular cryptocurrency today, and it is fast becoming a household name. …
Litecoin. Litecoin was created in 2011 by Charlie Lee as an alternative to bitcoin. …
Bitcoin Cash. Bitcoin cash was developed in 2017 as a fork of bitcoin. …
There are more than 1,300 cryptocurrencies in the world today. You need to be smart and pick cryptocurrencies that have a high chance of success. We have put together a list of the top 10 cryptocurrencies that we believe have the highest long-term potential.
The cryptocurrency has reached new heights and is essentially the gold standard for cryptocurrencies. Bitcoin is the cryptocurrency that started it all and still remains the biggest and most popular cryptocurrency. Currently, it’s over $6,000 per coin and expected to continue growing in popularity. It’s not a good option for everyday transactions, but it’s great for investment purposes due to its steady growth.
Ethereum is a close second to Bitcoin and is the largest altcoin on the market today. It works somewhat differently than Bitcoin in that you can use Ethereum to build decentralized applications (Dapps). In fact, one of Ethereum’s primary use cases is for initial coin offerings (ICOs), which are similar to crowdfunding events but with a crypto twist. Ethereum has been steadily growing since its launch in 2015 despite several setbacks thanks to issues such as the DAO hack in 2016.
Litecoin was created by former Google engineer Charlie Lee in 2011 as an alternative to Bitcoin. Like Bitcoin, Litecoin uses blockchain technology, but there are some key differences between them such as Litecoin can generate blocks four times faster than Bitcoin can. This makes it easier to get confirmations on transactions, which makes Litecoin more attractive as currency than Bitcoin.