TOP Crypto Coins for Investments

by Brian Wallace Affiliate Marketing

The process of investing in cryptocurrencies is slightly different from traditional investment strategies. For example, when you buy shares, you own them and get certain rights regarding that company: voting, compensation in case of bankruptcy, etc. But cryptocurrencies are decentralized as much as possible, and investors earn in a completely different way: they analyze the market and follow charts and trading signals, news, and trends. When a crypto trader notices an opportunity for the price of one cryptocurrency to rise or the value of another to fall, they react accordingly.

Cryptocurrency markets also differ in that they do not depend on the opening hours of the stock exchange and, therefore, never close. This opens up great opportunities for traders to make more profits.

Top 5 Crypto Coins

There are hundreds of different cryptocurrencies, and it is not always clear which ones are worth considering. The ranking of the most promising cryptocurrencies is right in front of you.

1. Bitcoin

BTC has had the largest market capitalization for years due to its high liquidity and undeniable popularity. BTC should be in every investor's portfolio to achieve long-term goals. The BTCUSD exchange rate may fluctuate depending on various factors. For example, in 2021, the coin rose in price thanks to the news that Tesla cars will be paid for with Bitcoin. Most corporations in the US are moving to the same practice: directly or indirectly accepting cryptocurrency payments. All this has a positive effect on the income received by BTC holders.

2. Ethereum

(ETH) has been on the heels of Bitcoin since the blockchain protocol stopped being used exclusively for smart contracts but also turned out to be a convenient token.

The exchange rate of ETHUSD is just as dependent on external and internal events as in the case of Bitcoin. For example, the price of the token decreased slightly in the first days after the global update and transition to the proof-of-stake protocol, but currently, the token shows stable and confident growth.

3. XRP

XRP is another token with a strong market capitalization: of $23.0 billion. Initially, the token was intended to facilitate the process of exchanging cryptocurrencies and fiat currencies. Now, you should be interested in the XRPUSD pair because of the possibility of a profitable investment: in 5 years, the price of XRP has increased by 7561%. This is a significant increase, even considering that XRP was worth $0.006 in 2017.

4. Tether

USDT at one time broke into the category of stablecoins — those tokens that tie their value to external assets or factors to reduce volatility. In the case of Tether, the price is tied to the value of the US dollar. The token creators emphasized that the platform was created to “make friends” with the blockchain and fiat currencies. Although the value of the token remains relatively stable, it can still be earned, and it is also a good asset for the reliability of a cryptocurrency investment portfolio.

5. Solana

SOL was created to support decentralized applications, just like Ethereum. But Solana has many more advantages: lower transaction fees, and instant execution of transactions. For this, the token is called the Ethereum killer, and Solana is predicted to have a successful future. From its inception to 2022, the token's market capitalization has almost doubled.

Bonus: meme coin Dogecoin (DOGE), despite its appearance's originality, can also bring profits to crypto investors. In 2021, the original coin with the image of a Shiba Inu dog caused a stir and rose sharply in price. This does not mean that all assets should now be kept in ridiculous tokens, but this is another opportunity for profitable investment.