Which Cryptocurrency Should I buy?
Which Cryptocurrency Should I buy? – is the question that is running in the mind of a beginner.
Cryptocurrency is one of the hot topics in the world nowadays. Bitcoin did not perform well last year. This has made the people look for the other cryptocurrencies in which they can invest in. So here are some of the altcoins which you can look for in the coming time:
Ripple (XRP) is one of the talked currencies in the market. It came into the limelight when one of the best cryptocurrency exchange in the world, Coinbase made the announcement. They said that they are looking forward to adding the Ripple (XRP) to their platform.
Though there is no improvement in the deal after that, there is a lot of speculation that it will be added to the Binance. If this deal happens then you can expect the price of the Ripple (XRP) to shoot high.
After the launch of the Bitcoin Cash in 2017, it has become one of the most traded currency in the world.
Bitcoin Cash is almost equally in circulation as bitcoin. It is faster in comparison to the bitcoin with the block size of 8MB. People have shown interest in this currency which should be considered as the good sign for the future of Bitcoin Cash.
Litecoin and Bitcoin has the similar code with some changes. “Bitcoin’s little brother” is the name because of this. It is faster and available with a higher quantity that is 84 million.
Litecoin’s mining process is more memory intensive and market cap is 1/20th the size of bitcoin.
Dogecoin is a cryptocurrency that features the Shiba Inu dog from the “Doge” internet meme. In the beginning, it was introduced as the “joke currency”. But the market in 2018 started taking it seriously as the capitalization reach $2bn.
BAT is a decentralized currency which is based on the similar principles of Ethereum.
BAT (Basic Attention Tokens) basically allows us to cut out the middleman and paying the internet users for their work. This type of service is gaining the popularity among the people and started investing it.
NEO is a cryptocurrency which designs a network of decentralized applications. It is the first open-source public blockchain. NEO is a platform to design smart contracts and assets. Its main aim is to be the platform of choice for the new smart economy.
Cardano (ADA) is another cryptocurrency that you should watch out for. This is because coinbase one of the best cryptocurrency exchanges in the world and they are looking to add up this currency to their platform.
If this happens then the price of the Cardano is definitely going to boost.
So the question Which Cryptocurrency Should I buy? can be answered from the above-mentioned cryptocurrencies. There is no guarantee that the above-mentioned coins will have a rise in the price. But these are the currencies you should look out for.