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The cryptocurrency market is expanding at an incredible rate, and there are many different cryptocurrencies to choose from. This can make it difficult for investors to determine which ones they should keep their eye on and invest in. With so much investment potential out there, here are some of the best cryptocurrencies that people may want to consider buying into:
Bitcoin
Image via Flickr by Sally Gilson
One of the most well-known cryptocurrencies on the market, Bitcoin is a great option for investors who are just getting into cryptocurrency. It has been around since 2009 and continues to be one of the main currencies out there today. There are many reasons for this. First, it is the most well-known and popular cryptocurrency on the market today. It also has a large following of dedicated investors who believe in its potential as an investment opportunity. Additionally, Bitcoin was one of the original cryptocurrencies in the industry and has had time to establish a strong foothold in the market. Finally, Bitcoin also has a large network of users and transaction volume which makes it easy for investors to use this cryptocurrency when they want to buy or sell on exchanges.
Ripple
This cryptocurrency was designed for people who need low transaction fees when transferring money around the world. The transactions are completed in seconds and the fees are minimal. Ripple has been working to get banks on board with the currency, which will only help it grow and make it even more appealing to investors. The great thing about Ripple is that transactions can be processed in any fiat currency, cryptocurrency, or commodity.
Ethereum
This cryptocurrency is a great investment for people who are interested in the future of technology. It was created as an improvement on Bitcoin and has become extremely popular with programmers. This is because it allows them to create self-enforcing contracts and to do business easily without having to hire expensive third parties or lawyers.
Litecoin
Designed as an improvement on the original Bitcoin currency, Litecoin has very low fees and is able to be mined easily using consumer-grade hardware that can run on almost any computer. This makes it an appealing option to investors who want a cryptocurrency that can be mined at home and easily transferred using simple software. It is also appealing because of its creator, Charlie Lee, who has worked hard to build trust in Litecoin as a currency by working with the community rather than being anonymous like some other cryptocurrencies out there today.
Stratis
This cryptocurrency has quite a bit of potential for growth in the future. It is designed as an improvement on Bitcoin and it offers many features that make financial transactions easier, especially when they involve complicated things like smart contracts or multi-signature accounts. This currency’s low cost makes it appealing to people who want to create these kinds of accounts without having to pay a lot of money for them.
The cryptocurrencies listed above are just a few of the many that you may want to keep an eye on. There is no one-size-fits-all answer, but if you would like more information about any particular cryptocurrency or how they work, it is advisable to learn more about cryptocurrency before investing.
