Bitcoin launched a quiet revolution back in 2009 when it first started circulating online. Since then, this obscure new technology has become a global asset class, spawning a $3 trillion cryptocurrency market.
Today there are thousands of cryptocurrencies available, with more popping up daily. Most are worthless however and are not worth consideration.
But real cryptocurrencies are going to stand the test of time and provide huge gains for their investors. Wondering which is the best cryptocurrency to start investing in?
Most people will say bitcoin. Many others claim Ethereum is the best place to park your money. But are there any other cryptocurrencies to consider alongside these two giants? Keep reading below to learn about the best crypto to invest in.
Benefits of Bitcoin
Bitcoin is the original cryptocurrency that started it all. Since it’s been around the longest and has the highest reputation, it’s currently worth the most.
It went from being distributed for free in the early days, to cost a few cents per coin. Eventually, it cost a few dollars per coin. And in November 2021, it peaked at around $67,000 per coin. Those are unbelievable gains to anyone who has been holding them long enough.
Bitcoin will always benefit from being the first cryptocurrency. Entire nations, like El Salvador, invest heavily in bitcoin. Companies are putting it on their balance sheets. And many thousands of investors use it as a store of value.
Bitcoins demand will only grow over time, making this a good crypto to buy.
Have you heard of Bitcoin Pizza story?
https://youtube.com/shorts/KYPKk2ZtFng?si=fxCfJ156CafQebm3
Benefits of Ethereum
You can’ talk about investing in cryptocurrency without talking about Ethereum. It’s currently the second most valuable crypto by market cap.
And unlike Bitcoin, which doesn’t have the most advanced software, Ethereum is a building block. The goal of Ethereum is to provide a blockchain network that can power other decentralized applications to run on top of it.
This takes many different shapes. But one of the most important is the NFT market. NFTs are huge. And most NFT activity takes place on the Ethereum blockchain.
By betting on Ethereum, you are betting on the future of NFTs and the future of decentralized finance as a whole. Many say this is the best crypto to buy for those reasons.
Which is the Best Cryptocurrency?
New investors should probably stick to investing in bitcoin or Ethereum (or both, to be safe). But they aren’t the only cryptocurrencies poised for long-term growth.
Solana is a cryptocurrency and blockchain network aimed at competing with Ethereum. It takes the good aspects of Ethereum and makes them faster and more cost-efficient for users. Avalanche isn’t far behind and is doing something similar.
Polygon is another good bet, as it exists to bring about the mass adoption of the Ethereum network by making it more efficient.
Surprisingly, meme coins like DogeCoin and Shiba Inu have also provided some of the best returns. You can buy Shiba Inu and other meme coins here. If you’re looking to diversify your cryptocurrency portfolio, you can easily swap ETH to BTC to take advantage of the price movements and trends in the market.
Start Investing in Crypto Today
So which is the best cryptocurrency? There are countless bitcoin maximalists that say it’s the only crypto investment that is worthwhile.
But there are countless more Ethereum maximalist that claims the utility of the network is far more important than what bitcoin is building. And still, many others claim a different altcoin will disrupt the crypto industry in the future.
Only time will tell who will end up on top. Either way, do more research, invest wisely, and reap the rewards as crypto continues to grow.
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Hi there! I’m Sethu, your go-to guy for all things tech, travel, internet, movies, and business tips. I love sharing insights and stories that make life more interesting. Let’s explore the world together, one article at a time!
