There are many different options to choose from when it comes to cryptocurrency. Cryptocurrencies are all the rage right now, and for a good reason. They offer investors a way to make huge profits in a short amount of time. However, not all cryptocurrencies are created equal. Some are better investments than others. This blog post will discuss the best cryptocurrency to invest in in the short term. So, if you’re looking for some new investment opportunities, read on!
1. Bitcoin
Bitcoin was the first cryptocurrency ever to exist, and it’s still currently the number one player in the cryptocurrency market. Many other cryptocurrencies have been created since, but none matches Bitcoin’s value or stability.
Bitcoin is often described as “digital gold” since its limited cap of 21 million coins means that its price will likely increase over time, and it can be a stable and profitable investment.
The price of Bitcoin fluctuates wildly, but we’re expecting that to settle down in the future as more countries recognize its potential, which is why it has remained top crypto exchange than other cryptocurrencies that have less credibility or use cases.
2. Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. It’s one of the biggest and most well-known blockchain networks in the world market.
Ethereum’s blockchain is used by many companies and organizations like Overstock, Toyota, Merck, ING, and BCV to implement and test out cryptocurrencies and innovative contract applications. Ethereum also has support from large companies such as Microsoft and JP Morgan Chase.
The Ethereum main net launched in July 2015, with many expecting it to become the de-facto platform for new blockchain-related apps and ICOs. Ethereum has also inspired the creation of over 50 new smart contract blockchains.
3. Dogecoin
Dogecoin was created as a joke in 2013, but it’s still one of the most popular cryptocurrencies today, and it has maintained its value remarkably well.
Its primary use cases are for memes and tipping online, making it an excellent investment if you like to support content creators – or make some money from investing with a low-risk factor.
4. Binance Coin
Binance coin is an Ethereum-based token created by cryptocurrency exchange Binance in 2017. One of the main reasons why we ranked Binance Coin so high, other than that its value has grown phenomenally over the last few years, is because you can use it on their platform to pay for fees at a significant discount. As more people begin to use Binance, the demand for their currency – Binance Coin will also rise.
5. Polkadot
Polkadot is a project that aims to help solve the main problems that blockchains currently face, like scalability and interoperability.It’s also designed to bridge together chains that use different consensus algorithms, representing many new blockchain technologies globally.
6. NEO
NEO is an open-source blockchain in China. It has positioned itself as the Chinese Ethereum, aiming to build an innovative economy on its platform by digitizing assets with smart contracts. NEO uses two native tokens called NEO and GAS (formerly known as ANC or Altcoins). NEO token holders get paid to secure the network, distributed equally to all NEO token holders. GAS is used for running smart contracts and can also be exchanged for other cryptocurrencies such as Bitcoin or Ethereum on exchanges.
NEO has a strong support network from Chinese governmental authorities and large companies within China, including Alibaba and Microsoft. This means that it could likely become the dominant platform in the future among businesses in China. Its main net is built to be highly scalable, which will enable NEO to attract more developers, companies, and users in the future.
7. Waves Crypto
Russian physicist and entrepreneur Sasha Ivanov created waves in 2016 to become the ultimate crowdfunding platform. Waves enable anyone to issue their token directly on its blockchain, providing support for almost any fiat or cryptocurrency, which means it has a wide range of use cases.
It’s also easy to operate your business on Waves since the platform has many additional features like compliance, crowdfunding, and messaging – all of which are built into an easy-to-use interface.
8. Monero
Monero is a secure, private, and untraceable currency. Monero was created in April 2014 and has since risen to become one of the biggest cryptocurrencies in the market. Its mining algorithm works slightly differently than Bitcoin’s, which gives it long-term sustainability vs. many other popular cryptocurrencies today.
Monero is also great for ordinary people who want to protect their money because it’s private and fungible (can be used as currency). You can’t trace Monero transactions or see how much money was transferred, which makes it one of the most popular cryptocurrencies on the market today.
9. Lite coin
Litecoin was one of the first cryptocurrencies to appear after Bitcoin, created in 2011 by Charlie Lee, an MIT graduate, and former Google engineer. Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. It’s a fork from Bitcoin, so it’s nearly identical, but with a faster block generation time, allowing it to confirm the legitimacy of transactions much faster than Bitcoin.
Litecoin has one of the largest networks and market caps in the cryptocurrency world. Litecoin has always been considered silver to Bitcoin’s gold, meaning that it’s seen as a less valuable cryptocurrency but still has value and enables people to transfer funds at a low cost.
Conclusion
Investing in cryptocurrency is a great way to make extra money or even consider it an investment option. There are many cryptocurrencies out there and most of them won’t last long. We hope this list helps you choose which cryptocurrency to invest in by highlighting the essential features that each coin provides.
