Posted on: November 20, 2020 Posted by: Aaron_George Comments: 0

Are you looking into the possibility of investing in cryptocurrency? If this is the case, you have likely seen all of those success stories flying around about people that have turned massive profits with minimal investment.

While these stories are true, and you can earn a significant return on investment in a relatively short period of time, you should temper your expectations to a certain degree. Investing is never an easy game, and this applies to those that buy into cryptocurrency.

The cryptocurrency confusion sets in when you realize just how many variations are available. At present, there are close to 8,000 different cryptocurrencies in circulation. This poses a big question: Which cryptocurrencies are the best to invest in, and which should be avoided?

Fortunately, this article is here with a few answers – five in fact. Below are some of the different cryptocurrencies that are worth investing in today.

Before you dive in headfirst…

You’re about to receive a list of five recommended cryptocurrencies, so there’s no need to wait, right? Well, if you haven’t explored the crypto trading market before, it makes sense to get in some practice.

Now you might believe this can only be done by learning ‘on the job’ with crypto investments. However, there is a platform available which essentially allows you to test the market without having to spend a dime.

Traders of Crypto offers a crypto trading game, which is a free to play platform where you make virtual investments in the cryptocurrency market. Along with being a great educational tool where you can test out different investment strategies, there are also monthly prizes available where the reward is real cryptocurrency.

You can even test out the following cryptocurrencies in the game and see just how good they are!

1. Bitcoin

There’s no other place to start than with Bitcoin. Dubbed the “king of cryptocurrencies,” Bitcoin is by far the most documented currency of its kind and is responsible for the current cryptocurrency landscape as the world knows it.

When it was originally created a decade ago, a single Bitcoin only sold for a few pennies. As of writing, it is worth over $18,000 – and this figure shows no sign of slowing down over time due to the high demand for this crypto. Respected Bitcoin derivatives trader Tony Vays expects it to hit around $45,000 and for it to “happen quickly.”

2. Litecoin

When looking for safe cryptocurrency investments, you want options with large market caps and communities. This is why many beginners opt to invest in Litecoin.

Its limited supply of 84 million coins means its value should, at the very least, hold, while an increased demand will only push its value up further in time. Considering it is currently outranking Bitcoin at a 9-month high, the future looks bright for Litecoin.

3. Ethereum

If there is any cryptocurrency that can mount a challenge against Bitcoin’s dominance, it is currently Ethereum. It sits right behind the ‘king’ on CoinMarketCap, and is recognized as the second most liquid crypto around.

Ethereum features not just a loyal team behind the scenes but also a strong community that believes in its success. These signs point to Ethereum remaining stable and climbing in value on a long-term basis.

4. BAT

Basic Attention Token (BAT) has been one of the best performing cryptocurrencies for the past three years. Utilized on the Brave Browser, BAT is a utility token that can be used to tip everyone from content creators to simply helpful strangers on the internet. Users who stick around and watch ads are also rewarded with their own BAT.

Due to these approaches, BAT is one of the most unique and appealing cryptocurrencies on the market right now. Factor in that the BAT/Brave Browser concept is headed by Brendan Eich, Mozilla Firefox co-founder, and there’s plenty of reasons to be optimistic about the future of this particular crypto.

5. NEO

Remember that #3 option, Ethereum? Well, NEO is considered the China-based variant of it, due in part to its smart contract platform. It also gives developers the opportunity to launch decentralized applications right onto the blockchain.

Due to already featuring in CoinMarketCap’s top 25 list, NEO is already a highly liquid asset. Add into the fact that the founders behind this crypto are vastly experienced and have the backing of the crypto community, and you have a currency that looks set to grow even more in the future.  

All five of these cryptocurrencies offer something unique for the investor, so what will you choose?

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