The crypto market is booming and last year was the best performing year for cryptocurrencies. There are a number of different cryptocurrencies available on the market today. Investors still flock to bitcoin due to both nostalgic and stability purposes while zcash is starting to boom due to its advance encryption. There are crypto investors who invest in gag currencies such as pokecoin or dogecoin for the fun of it. Clearly, there are a number of options available in the market but what are the best cryptocurrencies to invest in? Read further to find out what we think are the finest cryptocurrencies in the market today.
Like most people in the world, we are attached to a sense of nostalgia as well. Bitcoin was created in the year 2008 by Satoshi Nakamoto; the jury is still out on whether that is an individual or a group of people. Regardless of who or how many people created it; bitcoin is still among the most popular cryptocurrencies in the market, with over 16.8 million BTC tokens in circulation. The digital currency saw its value astronomically increase in 2017, but investors are sceptical about its sustained growth due to the volatile nature of the token along with the poor pace of transaction and the high fees that are levied during a transaction.
Ethereum was founded to be a world computer by Joseph Lubin; whose main agenda is to do away with companies such as Apple and Google that are trying to monopolise the market. The cryptocurrency works on public platforms where miners encrypt the cryptographic code to earn Ether, which in turn runs the network. Bitcoin is touted as the pioneers of decentralised systems using blockchain, but Ethereum has capitalised on the downfalls of Bitcoin and is said to have a higher ceiling than Bitcoin. Ethereum is the closest to Bitcoin in terms of popularity in the crypto world and is said to be the second biggest cryptocurrency in the world.
3. Ripple XRP
Ripple XRP has created a niche within the crypto world, and many believe that common people would be more welcoming to Ripple than any other form of cryptocurrency due to its centralised transaction system. A lot of financial institutes are starting to use Ripple. Once the transaction is initiated, the currency is converted to XRP tokens and then reconverted to any form of currency on reaching the destination; this greatly improves and increases transaction speeds.