There are many benefits and attributes for each available cryptocurrency in the market today, but which are the best cryptocurrencies? This question is quite subjective, depending on what an investor is looking for in ROI and other portfolio features. Sadly, it isn’t black and white, but that doesn’t mean that it’s a hard question to find an answer for.
Bitcoin (BTC) Tops the List
Even individuals who are not diverse in the cryptocurrency market can usually identify the infamous Bitcoin as a cryptocurrency when asked. This shows us how Bitcoin has successfully made its way to the top of the popularity scale throughout the years. Many of the best cryptocurrencies in circulation have utilized parts of the same model as Bitcoin.
Bitcoin is a decentralized digital currency that is not regulated by a financial institution or administrator. Because of this, investors find it an appealing digital asset, as it sits at approximately $128 billion in market capitalization. Although it has been known to have some vulnerabilities, Bitcoin remains as one of the best cryptocurrencies to date.
Ethereum (ETH) Has Taken the Digital Finance World by Storm
Dominating 2nd place in market capitalization of $19.4 billion, Ethereum holds steady as one of the best cryptocurrencies available. This decentralized open-source blockchain platform of Ethereum features smart contract capabilities. Ether is the digital asset that miners receive as a reward for performing transactions within the blockchain.
Ethereum currently contains 2 separate blockchains, Ethereum and Ethereum Classic, and are presently developing upgrades for Ethereum 2.0. Ethereum operates as an open, distributed ledger, unlike its counterpart Bitcoin, by using state transitions with accounts and balances. Ethereum gives worldwide investors the diversity that they are looking for in their portfolios today.
Ripple (XRP) Holds Fast to 3rd Place
Even though this digital asset sits in 3rd place, its popularity of being one of the best cryptocurrencies holds steady. Based on a distributed open-source protocol, the Ripple network supports fiat, cryptocurrencies, and commodities on their platform. At present, Ripple XRP holds fast at approximately $8.22 billion in market cap.
This stable and supported digital asset is an attractive choice for many investors around the world. Numerous financial institutions support the Ripple asset, making it quite a popular choice. Even though the price of Ripple isn’t as inflated as its market competition, that doesn’t mean it isn’t as valuable. It is an extremely affordable digital asset which makes it one of the best cryptocurrencies to acquire today.
The Best Cryptocurrencies Are Not Limited To A List
You can research for the best cryptocurrencies to obtain in the market today, but there are deciding factors for each. What digital token may work best for your neighbor’s portfolio may not be your best choice.</p<
With such distinctive attributes to each of the over 5,500 different cryptocurrencies available, some will inevitably fit well for you. The best cryptocurrencies for investing are the ones that will work best for your portfolio and give results you want.