The stock market was the only investment platform where traders and investors got involved as they wished. investing their money in the market. The purpose behind this investment was to invest the money in this type of investment and carefully follow trends to see if they were making a profit from their investment or a profit from a loss.
However, over the past few years, the stock market has seen some competition from the other investment market, the cryptocurrency market. Founded with the launch of Bitcoin in 2009, the cryptocurrency market has seen impressive growth in trading volumes over the years. The numbers only picked up after a surge in demand in 2017, allowing the price to tap into the sky. This sudden growth seemed promising to people as more and more people moved in the direction of independence. crypto asset investing.
With so many options to choose from and so many exchanges that provide support for these cryptocurrencies, investing in one has become child’s play. But with so many options, people often wonder which cryptocurrency to invest in 2018. To help with this, we’ve put together a list of the best cryptocurrencies to invest in 2018-2019. What is cryptocurrency?
The era of fiat currencies and traditional banking is aging rapidly, and financial markets all over the world are changing. Cryptocurrencies have emerged as a threat to the traditional banking system as they take the power of money out of the hands of the state and give it back to the general public. Investing in cryptocurrencies has proven to be a life-changing event for many investors.
In the modern age of technology, it makes a lot of sense to invest money that works with technology and gives power to its owner, rather than a central government. Bitcoin is the leading decentralized cryptocurrency in 2020 and will remain so for a long time.
There are thousands of different altcoins on the market today, and it can be quite confusing to decide which one is the best and which is absolute “bokcoin”. We’ve listed the cryptocurrencies that are most likely to reap their rewards for you in 2020. What is bitcoin?
The whitepaper for Bitcoin was written by anonymous Satoshi Nakamoto. The name Satoshi Nakamoto has grown as a mythological figure over the past decade. Bitcoin was worth less than a dollar when it was launched, but in 2017 it was worth about $20,000, making it one of the most valuable assets of the last decade.
Note: At the time of writing, the value of one bitcoin is just over $9,300. Why invest in bitcoin?
Most cryptocurrencies are highly volatile in nature, and investing in them should be done at your own risk. Although Bitcoin dominates the cryptocurrency market, it is still quite volatile. In the long run, Bitcoin has proven to be a real winner, and several experts believe that bitcoin has the potential to reach six figures in the next decade. Bitcoin has established itself as “digital gold,” and investors see it as a good asset, not a means of payment, but as a store of value. The reasons why you shouldn’t invest in bitcoin aren’t very convincing, but here’s why you should avoid investing in bitcoin:
1. Binance Coin (BNB)
Launched by cryptocurrency exchange Binance, Binance Coin was launched as a token on the Ethereum blockchain, but later Binance’s blockchain was moved to Binance Chain. Binance Chain was introduced by the company to operate a crypto asset on it.
It was launched as an alternative way to pay the fees charged by the exchange. Since then, Binance has also developed a decentralized exchange on Binance Chain.
Note: Binance charges a 0.1% trading fee along with the withdrawal fee charged when crypto assets are moved to a private wallet.
BNB was an Ethereum-based token (ERC-20) that was introduced with the vision of being a payment method for users on the exchange. BNB supply running on the blockchain called Binance Chain is limited to 200 million tokens. These were distributed during a public ICO with 100 million to be offered, with 80 million given to the founding team and 20 million to the founding team. Angel Investors.
Note: The user who uses BNB as a transaction fee receives a discount on each transaction as follows: 50% in the first year, 25% in the second year, 12.5% in the third year, 6.75% in the fourth year, and for subsequent years without discount.
The processing speed is better than standard transactions, but the platform also provides the ability to increase transaction speeds. A user can increase compute processing with the help of an accelerator node that belongs to some organization and works with validator nodes. The uniqueness of this coin makes it on our list of the best cryptocurrencies to invest in 2018.
If you want to know more about Binance Coin, you can regularly read the latest news about cryptocurrency in our Binance Coin News Section. 2. Ethereum (ETH)
Ethereum is another open source, blockchain-based computing platform and a system that includes smart contracts. Ether is the cryptocurrency produced by this platform. this is based on a modified version of the Nakamoto consensus. Every Ethereum account comes with ether balance that can be transferred from one account to another by users.
Launched in 2015 & developed by Vitalik Buterin and his team of developers, Ethereum was funded by an online mass sale for its development. About 72 million coins were previously mined, and these account for 68% of the total coins in circulation. Advantages of Ethereum:
- Ethereum Virtual Machine – This 256-bit record stack is the runtime environment for smart contracts on Ethereum.
- Smart Contract – Ethereum Smart Contracts are programming language-based abstractions compiled down to EVM bytecode.
- Ether – The digital currency acts as “fuel” for Dapps built on the ethereum blockchain platform.
- Application – Developers use this platform to make applications that are then used within Ethereum. More than 300 DApps have been released so far and more are in development.
Apart from these, the biggest advantages of Ethereum are adaptability, a number of applications can be created using Ethereum. Ethereum has helped bring some impressive cryptocurrency projects to the market and as such, it ranks No. 2. List of the best cryptocurrency to invest in 2018.
If you want to know more about the Ethereum coin, you can regularly read the latest news about the coin in our Ethereum News Section. 3. Litecoin (LTC)
It started as an altcoin in October 2011, Litecoin is a peer-to-peer cryptocurrency that was based on a cryptographic protocol. Like Bitcoin, LTC is not governed by a central authority. If we look at the technical details, it is the same as Bitcoin.
It was published on GitHub in 2011 by Charlie Lee, a former Google employee and former Director of Engineering at Coinbase. This platform was a fork of Bitcoin Core, and what made it different was the reduced block creation time, the increased number of tokens, the slightly modified GUI and the different hashing algorithm.
Note: Bitcoin’s supply limit is 21 million coins, while LTC’s supply limit is 84 million tokens. Some other key differences that make Litecoin different from Bitcoin are:
- Transaction fees are lower than Bitcoin.
- Litecoin uses a cryptographic algorithm unlike SHA-256, which is used by Bitcoin.
- Due to the large difference in value against the US Dollar, the risk is lower in LTC compared to BTC.
Litecoin was introduced later, but in those few years, it has developed a huge market for itself as more and more people turn to altcoins for investment. Their efforts to bring about a change and their differences from Bitcoin have placed LTC in third place. List of the best cryptocurrency to invest in 2018.