Cryptocurrency is the next big thing. Indeed, many people have not grasped the idea of cryptocurrency. But still, it continues to find a way into our hearts. Digital currency comes with a lot of benefits. Aside from listing out the benefits, we want you to make money from this opportunity.
Let’s admit: We are Nigerians. We are known for sniffing out opportunities in ‘unseen’ places. We are very good at this. There are different ways to make money with cryptocurrency. One of these includes buying and selling cryptocurrency. It involves doing research about a particular coin and investing in that coin.
For this article, we would be looking at some of the best cryptocurrencies to invest in. These currencies are still volatile. However, they are currently the best coins topping the crypto market. Before we begin, here’s why we want you to invest in cryptocurrency.
Why should I invest in cryptocurrency?
We are Nigerians, and most of us have already fallen for some scams like this. There are a lot of good reviews about this coin. But, many people still feel it’s another improved version of MMM. You’re wrong. Here are a few reasons to change your mind.
1. It’s the future
If you see it as an experiment, it’s okay. A friend of mine told me about a man who was present when creating the blueprint of victoria island(as an experiment). He wasn’t interested. The idea was unbelievable. Well, you know how the story ends- In tears.
Bitcoin is here to stay. Currently, according to research, the current market cap for this coin is over $120 billion. But guess what? It’s still counting! Please stop sitting on the fence. You have to decide before it’s too late.
2. Easy investment
You don’t need to start from scratch. There are lots of information concerning cryptocurrency. Equipping yourself with this knowledge would guide you in making the right decisions about this coin.
You can join social media groups or forums to keep you updated. There are a lot of reliable platforms that would help you in your investment process. If you’re still having second thoughts about these platforms, you could start with coinbase. To get started trading, check out this detailed articles on How to trade Bitcoin – A Guide for beginners to help you get started.
3. Blockchain technology
With the latest breakthroughs in technology, blockchain has found a way to make cryptocurrency more reliable. For instance, with blockchain, you can consider your transactions safe and secure compared to banks.
4. Easy withdrawals
It’s challenging for Nigerians to receive money from outside the country. Even Paypal did not accept us. With crypto, it’s easier. All you need to have is a crypto wallet from a reliable platform. With your crypto address, you’ll be able to receive money and also withdraw. Within 24-48 hours.
5. Still a young market
Some of the major investors in the world today have not considered cryptocurrency as an option. It seems stocks, bonds, and other traditional forms of investment are taking their time. Either way, it’s for your advantage. The earlier, the better, if you’re able to start now, you would reap the benefits.
Best cryptocurrencies in the market
With lots of things happening, the virus, lockdown, and others. Crypto has become one of the best investments. However, there are a lot of cryptocurrencies in the market. With over 5000 altcoins, you might find it challenging to choose. Here are some of the best options:
5. Neo (NEO)
With lots of coins in the market, only a few names can be remembered. Making our top 5 on the list, we have the neo coin. Da Hongei created this coin. This coin depends on blockchain to enhance its digital economy.
Since last year, the price of this coin has increased from $7 to $11. This community releases 15 million tokens every year. This is one of the best open-source communities. If you don’t want to invest huge amounts, then you could add this coin to your portfolio.
4. Ethereum (ETH)
This coin does not need to be introduced. Although bitcoin is popular, you can’t deny the recognition this coin receives. You might say it has more influence than bitcoin. Why? A lot of projects could be done on their blockchain.
If you missed the arrival of bitcoin, you could still jump on this train. The strength of this coin is dependent on the network it creates. In order words, the more people rely on ethereum, the more market value it has.
3. Litecoin (LTC)
Please. Don’t ignore his coin. Yes, it’s affordable. But, it’s still one of the fastest-growing cryptocurrency in the market. It’s one of the best in market capitalization because of the technology behind this coin.
The price of this coin is very low, and it is said to be “the investor’s coin.” This coin depends on acceptance, and by the looks of it, it’s doing great. Litecoin supporters have made this coin to stand firm over these years. With different collaborations, the price of this coin would keep on increasing.
2. Ripple (XRP)
As of the time of this writing, the price of bitcoin is $0.1. Don’t be deceived by the price; there’s a reason why this coin is part of the list. The network this coin has is mind-blowing!. With a lot of collaborations with the traditional markets, it’s a promising investment.
Moneygram is currently collaborating with ripple because of its blockchain technology. Other companies like Azimo and other companies are making plans to work with ripple. Besides the technology behind this coin, it attracts investors because of their on-Demand Liquidity.
1. Bitcoin
Let’s be honest; this may be the only currency you’re very familiar with. It’s the most popular digital currency in the world. This should be the first coin you should ever think of investing in. Why? Because it’s popular.
It has high Liquidity. Hence, lots of investors are banking on this coin. While this coin is still volatile, its growth is consistent. As a result of the bitcoin halving that happened a few months ago, bitcoin is gaining more grounds. It’s one of the best coins to invest in.
So, there you have it: The best investment opportunities in the crypto market. There’s no limit when you decide to invest in those coins. One of the best options we would suggest for you is bitcoin. These mentioned above were all derived from bitcoin.
Bitcoin has more chances of success compared to the rest. It’s more recognized. With fast payment options, we would recommend this coin for starters. Its time for you to start investing, check out this detailed aricle on how to get started trading bitcoin. Take action now!
