We all want to make money because money is what you use to do the things you want to in life. A lack of money can cause someone to be stuck in a funk that they cannot get out of, and it is the only way to go out and travel. We all care about money and we want to protect the money that we make.
We all work hard for the money that we have, and we should make sure we are putting it in safe places. But did you know that storing money in the bank is becoming a thing of the past? Did you know that millions of people are starting to walk away from cash and currencies of countries, and turning to things online? We are talking about cryptocurrency: the future of making money.
Cryptocurrency is a form of currency that is entirely virtual and is fully based online. It started to really take steam in 2009 and ever since then has been very influential in the current global market. The real appeal of cryptocurrency is that it can be used worldwide without worrying about exchange rates as globally it is the same. Remember all the times you have had to exchange your money while traveling? If all countries used cryptocurrency that would never happen and you could use the same one around the world. This is why so many people are beginning to recognize the importance of cryptocurrencies.
The various types of cryptocurrencies
There isn’t just one type of cryptocurrency; there are many to choose from and they are not all equal. Some have been built with secure blockchain technology that ensures they are of the highest quality, while others were created as a joke. There are plenty out there which are part of pyramid schemes that will eventually cause you to lose your money. There are also cryptocurrencies that are deemed worthless, invented by scammers so you invest your real money into something that cannot be used.
How do they even decide the value of a cryptocurrency? It depends what the people using it think. Just like any stock or currency, cryptocurrency has the potential to rise and fall, depending on how many people are buying it and what they are saying about it. This is why cryptocurrency can be a very risky market to invest in if you do not know what you are doing.
This is where we come in. We have put together a list of some of the best cryptocurrencies on the market and have ranked them so you can see which you should be investing your money in. This is a very difficult market, so we want you to step with caution into this world, so you can feel confident about what you are about to do. We have taken our research mostly from CoinGecko, which is a great resource that ranks the cryptocurrencies daily. This is just an average list.
The first cryptocurrency was Bitcoin, the most popular one. This is the cryptocurrency that started it all in 2009 and has the biggest market cap on it of over $10 billion. It definitely overshadows any cryptocurrency, and is obviously number one.
Ether was developed by the company Ethereum, which has the ability to be sold from peer to peer. It is one of the most looked up to cryptocurrencies right now and is slowly on the rise to be one of the best.
This was a cryptocurrency that was created in 2011 and has a market cap of around $180 billion right now. However, it peaked at $1.2 billion, which makes it is sad to see how much it has dropped.
Monero is one that we look up to because they focus on privacy. They want to create a cryptocurrency that is fully secure and untraceable by anyone online. This is why it is used by people who want to be discrete on the web.
If you are a beginner when it comes to cryptocurrencies, we recommend choosing from the four above because they have been the highest ranked in terms of security and all-around value around the world.