Cryptocurrency or crypto is a digital currency. It is a decentralized currency. This means that this system does not involve any kind of centralized system or third party like a bank, credit card, debit card, etc.
If you are worried about which crypto coin to invest now, then read this article till the end and start your investment journey. But personally, I’ll prefer our second listed cryptocurrency to invest in.
So let’s talk about which cryptocurrency is best to invest now. If you want to know about the best crypto coin to invest in a short-term period then read this article.
Cryptocurrency is not available in a physical state, which means that digital currency does not exist in paper form. Crypto is a digital asset, which is the medium of exchange between two parties.
If you want to invest your money in Cryptocurrency then you need to download any crypto wallet. This platform is easily stored on your smartphone or computer.
Important Key features of cryptocurrency
Blockchain is a collection of different types of groups of information, which are stored electronically in digital format. In this Blockchain, each group of digital information is known as a block.
Blockchain systems play a vital role in the field of cryptocurrency. A ledger or database is circulated among the node of a computer network.
In this technology, each and every transaction detail is recorded and distributed. No block information can be edited, deleted, or altered in this system. Therefore there is no need for any kind of trusted third party. So this is a decentralized system. Due to this reason, this is secure.
2)Easy transaction:
The transaction of cryptocurrency is made easier due to low-cost .fund transfer between two parties. funds transfer between two parties will be easy because there is no need for a third party like a bank. For cryptocurrency, transactions can be done through smartphone apps, exchange wallets, laptops, or PC.
3) Always market open:
In the crypto market, there is no restriction on the opening of the market. This market is open every 24 hours. There is no Sunday or any type of holiday.
Which Cryptocurrency is Best to Invest Now
1. Bitcoin(BTC):
Bitcoin is a virtual currency. Elon Musk has told users that he thinks the virtual currency, Bitcoin, is a “good thing.” This crypto coin has the potential to grow your portfolio in a positive way so it can be your valuable investment.
Now bitcoins are valuable because people are willing to exchange them for real goods and services, and even cash. Bitcoin is stored in one type of software which is known as a cryptocurrency wallet. People can send their Bitcoin through their Crypto wallet.
Bitcoin gained an all-time high price of $67,566.83 on Nov. 8, 2021, and an all-time low price is $.09 in July 2010.
2. Ethereum(ETH):
It is the crypto of the Ethereum network, metaphorically speaking, it is more accurate to refer to it as the “fuel” of the network. world’s second-largest virtual currency is Ether by market capitalization; it is second only to Bitcoin (BTC) according to market value.
It was created to remove the centralized system from global financial systems and transfer monetary control to the people instead of governments and businesses.
Bitcoin was created as a secure peer-to-peer decentralized payment system but Ether was created to facilitate contracts and applications, and ether is the medium through which these transactions are made possible.
The purposes of Ether on the Ethereum network. First, it is used to pay transaction fees, and second, it is staked—held as collateral—for the benefit of being a network validator. Ethereum’s price has gone as high as $4,811 (which is ETH’s all-time high). All-Time Low cost of Ethereum $0.432979 on Oct 20, 2015.
3. Binance coin(BNB):
One of the world’s most popular utility tokens.BNB was launched in July 2017 with an ICO.
BNB supports smart contracts and It is also support s compatible with the Ethereum virtual machine (EVM).maximum price that Binance Coin reached was $663.35 in May 2021 and its all-time lowest price was $0.0996863 in Aug 2017.
One of the important key features of BNB Coin is that it can be used to pay transaction fees on the Binance exchange. Which is a popular cryptocurrency exchange platform. When users use Binance Coin to pay transaction fees, they receive a discount.
4. Cardano(ADA):
Our other best investment crypto coin is Cardano and the short form of this crypto is ADA. Now Cardano’s price on the Binance exchange platform is ₹30. So it’s a good time to invest some amount in ADA coin.
5.Dogecoin(DOGE):
Dogecoin was generally considered to be an amusing “meme-coin” beloved by its community. But with relatively little value. Dogecoin is based on litecoin. Dogecoin had an all-time high is $0.688708 on May 6, 2015, and its all-time lowest price is $0.0000869.
If you are looking for a long-term investment in cryptocurrency then the DOGE coin will be the best choice for you.
6. USD coin (USDC):
USDC is a digital dollar, also known as a stablecoin, that’s available 24/7 and moves at internet speed. The USD coin is not issued by the government of the U.S. and USD is an open market that investors can also see and buy this code. USDC is a type of fiat-collateralized stablecoin. Investing in USDC is a risky investment.USDC reached an all-time high of 164.72 in February of 1985.
What is the future of cryptocurrency in India?
Cryptocurrency becomes popular in India. People are interested in investing in crypto. India’s financial minister Nirmala Sitharaman has announced that India’s government will levy a 30% tax on crypto profits and the second story is that she declared to introduce digital currency in the financial year 2022-23.
This indicates that virtual currency or digital currency or cryptocurrency is not illegal in India. Cryptocurrency has played a huge part in improving the economic condition of India. Since 2009 cryptocurrency play a vital role all over the world and it becomes popular in the financial year 2009.”Economic Times “has researched that more than 20 million people have invested in crypto.
From several studies, India has more than 60% of the world’s crypto owners. As per a new study, India is the quickest-developing cryptocurrency market in the world. Experts predict that India will play a major role in the future of cryptocurrency.
According to United Nations Trade and Development, India ranked in the sixth position in terms of crypto adoption alongside Singapore and the United States.
Why should anyone want to invest in crypto?
In cryptocurrency, you should control your assets. For a decentralized system, no trusted third party and no centralized system can control it.
The investor is the owner of his own assets. This is a part-time or full-time job in which a person can earn a lot of money in some time period if his strategy and prediction are correct.
There is some cryptocurrency like Bitcoin, but the supply of bitcoin is limited, due to which the value of this coin can increase very much in a few periods.
Conclusion: Which Cryptocurrency is Best to Invest Now
Due to the absence of a centralized system, many people are involved in it. The cryptosystem keeps a record of the slightest thing.
The fund transfer between two parties will be easy due to the absence of a third party. Payments are safe and secured due to the use of Blockchain technology. The transfer of funds is completed with minimal processing fees.
