It’s been a while since cryptocurrencies are in the news for their uniqueness in being a currency. It all started in 2009 when Bitcoin was launched, and many others followed suit over the years.
The kind of currencies that only exists online and is secured by cryptography. This is a new wave of change we’re seeing in the world. Will it replace our currently accepted money or will it just be another option, a lot is being speculated about this virtual money.
Bankers, Investors, and common folk alike, were skeptical about investing and/or using cryptocurrencies. But, that didn’t stop few people and now they’re millionaires and few even billionaires. But, is it too late for anyone to invest? Few say it isn’t, few say it is. No one’s totally sure.
But, due to recent promising turn of events, i.e. when 1 BTC hit US$ 10,000 mark, people were rethinking about these kinds of currencies. Many are now trying to get into this and invest. Hoping to reap larger benefits later, just like the people who invested in Bitcoin in early days and few of them became millionaires/billionaires.
So, there’s good news to people who think Bitcoin’s price is high and investing that much can be expensive, because there are Altcoins for you to invest, which are on the affordable side.
Here are 10 Cryptocurrencies that you can invest in right now:
1.Bitcoin: Even if it’s on the pricey side, it’s the one all of this began with. Bitcoin’s creation actually weaved the new technology that is Blockchain, which is an open ledger that all the users can see and verify.
It was launched in 2009 by an unknown person/group named Satoshi Nakamoto. Being the first virtual currency of this kind, it gained popularity over the years and it’s now with the highest market capitalization and price.
It has Market Capitalization of: $208,989,355,514.
Price you can buy 1 BTC for: $12,497.00.
2.Ethereum: It was released in 2015, after finding flaws or rather trying to improve the way Bitcoin works, Ethereum was created with even better technology/more applications than Bitcoin.
3.Bitcoin Cash: A hard fork of Bitcoin was formed in 2017. Fork, meaning, Bitcoin Cash became a separate cryptocurrency in itself apart from Bitcoin.
It’s Market Capitalization is at: $25,162,607,857.
Price of one BCH: $1494.19.
4.IOTA: It works on block less Blockchain called Tangle. This makes it possible to transfer value without any fees.
It’s the first cryptocurrency to introduce this kind of technology.
Market Capitalization of IOTA: $13,226,533,828.
Price of one MIOTA: $4.76.
5.Ripple: Also know as Ripple Transaction Protocol. Its initial release was in 2012.
It is said that distributed ledger systems like Ripple have advantages over other cryptocurrencies like Bitcoin.
It has Market Capitalization of: $9,391,763,359.
Price of XRP: $0.242436
6.Dash: Formerly known as Darkcoin and XCoin was launched in 2014. Dash is a blend of the words ‘Digital’ and ‘Cash’.
It has similar structure as Bitcoin, as it’s a peer-to-peer virtual currency.
Market Capitalization of Dash is: $5,888,731,321.
7.Litecoin: It was launched in 2011 by Charlie Lee, a former Google Employee. It has almost zero payment costs.
“A coin that is silver to Bitcoin’s gold” is one of the ways it is known.
Its Market Capitalization is at: $5,602,847,703.
Price of LTC: $103.47.
8.Bitcoin Gold: Another hard fork of Bitcoin formed in 2017 on 491407th It also became a separate cryptocurrency.
It has Market Capitalization of: $4,988,217,790.
Price of BTG: $298.86.
9.Monero: Also an open-source cryptocurrency created in 2014.
It focuses more on privacy and hides the sender, recipient and the amount of the transaction.
Market Capitalization of Monero: $4,426,622,047.
Price of XMR: $286.65.
10.Cardano: A decentralized public Blockchain that is fully open source.
It’s the first Blockchain to evolve out of a scientific philosophy and a research-first driven approach.
It has Market Capitalization value at: $3,149,905,727.
Price of ADA: $0.121431.
Those were ten cryptocurrencies or Altcoins you can invest in right now. Do take precautions before investing in any value.
As investing and risk generally go hand in hand, you should be wary of risks of investing in the cryptocurrencies even more than the regular investments. The virtual currencies aren’t governed by any authority or they are not even legal in few countries.
Even though it’s booming marketplace as of now, you should be aware of the volatility of these virtual currencies. Keeping all of this in mind and doing a bit of your own research, you can invest in what you like the most.