Cryptocurrency day trading is one of the most high-paying trading strategies in the market. Investors are taking advantage of the constant swinging prices of cryptocurrencies. Here are a few top cryptocurrencies we think you can invest in today.
- Bitcoin (BTC)
Bitcoin is the world’s largest and most popular cryptocurrency. BTC is the closest thing to a blue-chip cryptocurrency and liquidity makes it a great investment for short- and long-term profits. It is reliable and has a long-term value. Although it is always a risk, it is also potentially profitable.
- Ether (ETH)
Ethereum is the second-best choice of any investor. It is believed that blockchain will play a significant role in the future of finance and other manufacturers, which makes Ethereum tech a potentially profitable investment to make. It has an excessive cost of transaction, but developers are working to bring a cheaper and more energy efficient Ethereum 2.0 network to fruition in the coming year or so.
SolarCoin is a decentralised and global cryptocurrency and has earned a name by being trust-worthy and sustainable. Solar energy producers will have the opportunity to earn 1 solar coin for every megawatt of energy they produce. This decision will directly tie the value of the coin to the energy produced. Investors will still be able to earn money by participating in the proof-of-work phase of the program.
- Tether (USDT)
Tether is stable and used by investors to be a stable store of value, and not looking for huge profits with the same risk as profit. It lowers the risk of a loss because it is not as volatile as other cryptocurrencies. It is backed by fiat currencies like U.S. dollars and keeps a value equal to one of those denominations. It also removes the transaction cost and delays the trade execution within the crypto market.
- Binance Coin (BNB)
The Binance coin is making rapid progress as soon as it entered the market in 2017, when its price was only $0.10. By the beginning of March 2022, its price had risen to around $413, a gain of approximately 410,000%. Investing in a Binance coin means that you will be an owner of a utility token along with using it for making transactions on the Binance exchange. It is also one of the largest cryptocurrencies with the largest crypto exchanges in the world.
- U.S. Dollar Coin (USDC)
The U.S dollar coin is considered a stable coin as its price has less volatility than other cryptocurrencies. In short, the USD coin is used to tokenize dollars and clear their use over the internet and other public blockchains. It also facilitates change in US dollars anytime you would like. USDC is powered by Ethereum, and you can use USD Coin to complete global transactions.
- XRP (XRP)
XRP is considered a promising investment as it gave 110% return to its investors. XRP has a high possibility of surpassing its highest value that it attained in 2018. XRP has a better inherent value as compared to other cryptocurrencies as transactions are happening every three to six seconds.
Investing in cryptocurrencies is a terrific way for you to optimise your earnings. Want to learn more about how cryptocurrencies work? Click here (link to another blog)