One thing that every new crypto investor needs to understand is that the crypto market is complex, alive, and very unpredictable. As a result, theoretical knowledge can only take them so far. It takes time to truly understand the crypto market, and learn how to take risks “properly”.
For this reason, diving into lesser-known altcoins is much more uncertain than investing in largest cryptos. While many would say that not even Bitcoin is a safe investment, it is still safer than giving your money to a project that is not even among the top 100 coins. Because of that, we will now take a look at some of the projects among the top digital currencies per market cap and see which ones are the best to own these days.
Luckily, the top coins are quite diverse, and there will surely be something for everyone.
5) Monero (XMR)
Monero is a pretty quiet crypto that usually doesn’t attract a lot of attention, or makes a lot of noise. It is also surprisingly stable, sitting at the ninth position of the top 10 cryptos by market cap, and providing its services as the most popular privacy coin.
Monero offers privacy and fungibility, it is easy to mine, it has quite a strong and supportive community, and an excellent development team. It is secure enough that even online criminals prefer this coin over other privacy coins. While this is still a bad thing, it is an undeniable proof that Monero actually works.
Privacy coins have always been frowned upon as currencies used by criminals, but they can be so much more. They can provide anonymity, protect user privacy and freedom of speech, and they will always be needed for private transactions. This is why owning Monero is a pretty good choice.
4) Cardano (ADA)
Cardano is a coin that likes to take its time, but even so, it made a lot of progress in 2018. In only a few months, it managed to climb up to top 10 cryptos, where it remained ever since. Many consider it to be an excellent long-term investment, as its price will likely go up as Cardano brings out more and more features.
This is a coin that is dedicated to developing its technology and features, which is why it will take time in order to become truly great. It is also skilled at learning from the mistakes made by others, especially Bitcoin and Ethereum, which is why it is very scalable, unlike them.
In addition, Cardano is sustainable, it can receive upgrades via soft forks, it is big on cross-chain integration, and it has shown a lot of potential for being one of the largest cryptos in the future. Investing in it while its price is only a fraction of a dollar is probably a very smart decision.
3) Stellar (XLM)
Stellar is a coin that aims to allow individual users to send instant transactions to anyone in the world. Instead of having to wait for days for banks to complete such processes, all that XLM would need are a few seconds. Stellar recently became the new record holder for fastest transactions, and it is definitely a coin worthy of having.
It is the main competition to Ripple, which is trying to provide the same service, just not to individual users, but to banks and financial institutions. Stellar is a much more open than XRP, it is decentralized, it supports thousands of transactions per second, and all validation is done by the Stellar Consensus Protocol.
2) Ethereum (ETH)
Ethereum is the second largest digital currency per market cap, and it has held this place for a long time. It is a coin that has revolutionized the use and purpose of cryptocurrencies and blockchain. Despite the fact that it is the second largest coin, Ethereum’s focus is not on payments and transactions. Instead, this is a coin that supports creation and creativity.
Since its creation, Ethereum has introduced us to smart contracts and the ability to create dApps. It allowed the crypto community to view this technology from a completely new angle, and it placed blockchain technology in the center of the attention. While many would argue that using NEO or EOS blockchains for the same purpose is better, a lot of developers prefer Ethereum due to the fact that it is cheaper. In any case, Ethereum managed to keep its popularity, and while it still has its issues, it is a top choice for would-be developers.
1) Bitcoin (BTC)
It is not surprising that Bitcoin is being included on this list. After all, this is the first, and still the largest coin by far. Its market cap is over $90 billion larger than the second largest coin, which is Ethereum. While its supply is not that big, this only makes the coin more valuable, and its value will likely continue to increase as it attracts more attention and users.
Bitcoin is the first cryptocurrency, and whether or not it remains number one, it is a crypto that has already made history. Many influential people that still remain opposed to crypto call it a bubble, but its supporters believe that this is the coin that will dominate the entire world someday. Bitcoin is the driving force of the crypto world, and it was created to take the power away from financial institutions, and give it back to consumers themselves.
It is decentralized, transparent, and well-known. It might be the perfect candidate for leading digital currencies to mainstream usage and mass adoption. For now, this is still in the future, and BTC price is still much lower than what is estimated to be its true potential. This is why buying and owning BTC now, when it is at its bottom, might still make you rich once it truly starts going up again.
For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Pexels
Read more at https://globalcoinreport.com/coins-the-top-10-invest/
Globalcoinreport.com/ is author of this content, TheBitcoinNews.com is is not responsible for the content of external sites.
TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network Tippin.me tool!