There are currently more than 190 million people worldwide that use Bitcoin.
Cryptocurrencies have exploded in popularity in recent years, with many people all over the world making cryptocurrency investments. If you’re thinking about doing this, it’s important to make smart investments so that you can make profits and avoid losses.
For 5 of the best crypto investments you can make, keep reading.
1. Bitcoin (BTC)
Bitcoin was the first cryptocurrency and has remained the most popular since it was invented in 2009. If you’re going to invest in crypto, this is the place to start. While it may not have as much room for growth as some smaller coins, it’s the most secure crypto you can invest in.
Bitcoin adoption is growing, with many companies now accepting it as payment. There are various retail stores that accept it, and you can have a look at these Bitcoin ATMs that are available throughout Atlanta. Byte Federal has over 1,000 Bitcoin ATMs across the US.
2. Ethereum (ETH)
To start with, you can invest in Bitcoin, but as with all investment opportunities, you should diversify your portfolio. After Bitcoin, Ethereum is the next most popular option. The Ethereum platform was created to allow other developers to build dapps (decentralized apps) and has become incredibly popular for many developers.
Ethereum recently went through “The Merge”, which changed it from proof-of-work to proof-of-stake. This means it now uses much less energy, and the network is more scalable, secure, and sustainable.
3. Cardano (ADA)
Cardano has an advantage over networks like Bitcoin as it has a smaller footprint, and therefore can complete transactions using much less energy. Cardano went through a “hard fork” in 2021, giving it more functionality as it enabled smart contract deployment.
Another hard fork happened in September 2022 to improve the scalability of Cardano. It also has the third largest NFT (non-fungible token) protocol in the world.
4. Binance Coin (BNC)
Binance is the world’s largest cryptocurrency exchange. If you decide to invest in crypto, you may well use this platform to do it. Binance Coin is their native token, and its value exploded in early 2021.
Binance burns some of these coins every quarter, meaning the overall number of coins available is slowly reducing. As such, each coin becomes rarer, and (theoretically) more valuable. This makes it ideal as a long-term investment.
5. Polygon (MATIC)
Polygon is designed for transaction fees, payment services, and as a settlement currency. It’s a “layer two” solution built on the Ethereum blockchain. It currently has more than 37,000 dapps from a range of developers.
Instagram recently announced that it will soon support NFT trading on Polygon. This kind of adoption will help bring it to the mainstream, further helping the coin to grow.
Making Cryptocurrency Investments
Cryptocurrency investments present a lot of potential to make money moving forward. It’s important to remember, however, that all investments come with risks, and this article is not financial advice. Be sure to thoroughly research any cryptocurrency before investing so that you fully understand what you’re paying for.
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