The Best Cryptocurrencies to Invest in: A Guide

The cryptocurrency market is growing rapidly, and new virtual currencies are coming up every day. If you want to invest in this market, you need to understand which one is the best cryptocurrency to invest in right now. This list contains the most trusted and profitable virtual currencies that you can invest in right now. It is important to note that this article is not tailored towards short-term investments but long-term investments. Each of these has potential to grow further as the adoption of blockchain technology increases.

Bitcoin

Bitcoin is the first decentralized digital currency that was released in 2009 by a person or a group of people named Satoshi Nakamoto. It was created as an alternative to fiat currencies. It is the first decentralized peer-to-peer cash system that allows payments between two people without a third party (like banks). Bitcoin is the most popular virtual currency that investors have been flocking to. It has a very high volatility and goes through cycles of increasing and decreasing in value. But in spite of that, it has generated high returns for investors and traders. The market cap of Bitcoin is $95 billion, and the daily trading volume is $5 billion. The price of Bitcoin has remained above $8,000 since the beginning of the year. If you want to invest in Bitcoin, you can buy it on any cryptocurrency exchange like Coinbase, Binance, Bitstamp, and others.

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Ethereum

Ethereum is a decentralized platform that runs smart contracts. It was created by Vitalik Buterin in 2014 and is a very popular virtual currency. It is the second-largest cryptocurrency in terms of market cap. The Ethereum blockchain is used to run decentralized applications that are not controlled by any central authority. The decentralized applications run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. The market cap of Ethereum is $60 billion, and the daily trading volume is $5 billion. The price of Ethereum has dropped from $1,500 in January 2018 to $200 in December 2018. But it has started to stabilize and has grown from $200 to $400 in April 2019. If you want to invest in Ethereum, you can buy it on any cryptocurrency exchange like Coinbase, Binance, Bitstamp, and others.

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Ripple

Ripple is a real-time gross settlement system, currency exchange, and remittance network. It was created by Brad Garlinghouse, Arthur Britto, and David Schwartz in 2012. Ripple is the third-largest cryptocurrency in terms of market cap. The market cap of Ripple is $29 billion, and the daily trading volume is $2 billion. The price of Ripple dropped from $0.38 in January 2018 to $0.10 in December 2018. But it has started to rise again from $0.10 in April 2019. If you want to invest in Ripple, you can buy it on any cryptocurrency exchange like Coinbase, Binance, Bitstamp, and others.

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Litecoin

Litecoin is a decentralized peer-to-peer virtual currency that was created by Charles Lee in 2011. Litecoin was created as an alternative to bitcoin. The market cap of Litecoin is $5 billion, and the daily trading volume is $407 million. The price of Litecoin dropped from $300 in January 2018 to $30 in December 2018. But it has also started to rise again from $30 in April 2019. If you want to invest in Litecoin, you can buy it on any cryptocurrency exchange like Coinbase, Binance, Bitstamp, and others.

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Dash

Dash is a virtual peer-to-peer payment system. It was created by Evan Duffield in 2014. Dash is often referred to as digital cash that aims to be an alternative to Bitcoin. The market cap of Dash is $4 billion, and the daily trading volume is $290 million. The price of Dash dropped from $3,800 in January 2018 to $200 in December 2018. It has started to rise again from $200 in April 2019. If you want to invest in Dash, you can buy it on any cryptocurrency exchange like Coinbase, Binance, Bitstamp, and others.

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NEO

NEO is a decentralized open-source blockchain platform. It was created by Da Hongfei and Erik Zhang in 2014. NEO was designed to digitize real-world assets using smart contracts. The market cap of NEO is $3 billion, and the daily trading volume is $125 million. NEO is currently traded at a price of $15. The price of NEO dropped from $35 in January 2018 to $7 in December 2018. But it has started to rise again from $7 in April 2019. If you want to invest in NEO, you can buy it on any cryptocurrency exchange like Coinbase, Binance, Bitstamp, and others.

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Ethereum Classic

Ethereum Classic is a decentralized open-source blockchain platform that runs smart contracts. It was created by a Vermont programmer named Charles Hoskinson in 2015. Ethereum Classic was created after a dispute in the Ethereum community over a DAO hack. Ethereum Classic is the fifth-largest cryptocurrency with a market cap of $2 billion and a trading volume of $100 million. The price of Ethereum Classic has dropped from $30 in January 2018 to $5 in December 2018. But it has also started to rise again from $5 in April 2019. If you want to invest in Ethereum Classic, you can buy it on any cryptocurrency exchange like Coinbase, Binance, Bitstamp, and others.

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Zcash

Zcash is a decentralized open-source blockchain platform. It was created by Zooko Wilcox in 2016. Zcash uses advanced cryptographic methods such as zero-knowledge proofs. Zcash is the sixth-largest virtual currency with a market cap of $1.9 billion and a trading volume of $25 million. The price of Zcash has dropped from $600 in January 2018 to $80 in December 2018. But it has started to rise again from $80 in April 2019. If you want to invest in Zcash, you can buy it on any cryptocurrency exchange like Coinbase, Binance, Bitstamp, and others.

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Bitcoin Cash

Bitcoin Cash is a decentralized open-source blockchain platform. It was created by a group of developers in 2017 as a result of a Bitcoin hard fork. The market cap of Bitcoin Cash is $1.2 billion, and the daily trading volume is $280 million. The price of Bitcoin Cash dropped from $4,000 in January 2018 to $100 in December 2018. But it has also started to rise again from $100 in April 2019. If you want to invest in Bitcoin Cash, you can buy it on any cryptocurrency exchange like Coinbase, Binance, Bitstamp, and others.

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Ripple: Should you invest?

Ripple is a real-time gross settlement system, currency exchange, and remittance network. The XRP token is the third-largest cryptocurrency by market cap after Bitcoin and Ethereum. It has great potential for growth due to the partnerships that Ripple has established. One of the major partnerships is with American Express, which aims to use Ripple's X-Rapid to process payments. Similarly, Santander and other banks are also using Ripple's blockchain to process payments. The adoption of blockchain technology by financial institutions and payment service providers will push the price of Ripple to new heights. If you want to invest in Ripple, you can buy it on any cryptocurrency exchange like Coinbase, Binance, Bitstamp, and others.

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