Cryptocurrencies are a word on a lot of people’s slips nowadays. They have grown a lot in both popularity and value lately, and a lot of people are interested to purchase and use cryptos.
One of the first steps to buying cryptocurrencies is knowing just what you should buy. There are thousands of cryptos out there, and it is up to you what you want to invest in. You also need to be well informed and know what cryptos are, and what the characteristics of the one you want to buy are. You could sign up for a Bitcoin Course, or read about the world’s biggest crypto online if this is the one you wish to invest in or simply learn more about. Here we will go through 5 of the biggest cryptocurrencies right now.
Bitcoin
First of all, we have Bitcoin, which is the world’s most popular and most valuable cryptocurrency. It is also the original cryptocurrency, created in 2009 by Satoshi Nakamoto. It runs on a blockchain or a ledger that logs transactions distributed across networks of thousands of computers. The market cap was $377 billion as of October 1, and as of September 30 this year, one single Bitcoin was priced at a whopping $19,531.
Ethereum
The other crypto that is ruling at the top of the list, is Ethereum. It has a market cap of $165 billion and it is both a cryptocurrency and a blockchain platform. One of the reasons why it is so popular is that a lot of people have high beliefs in its many potential applications, smart contracts, and non-fungible tokens. Ethereum has seen a huge value increase of 12,518% from April 2016 to the end of September this year, as the price went from about $11 to $1,388.
Investing in cryptos
If you are interested in some of these coins and wish to invest in them, this can be done in a few quick steps. While cryptos themselves are quite complex, investing in them is very easy, but you have to make sure that you know enough about the coins you want to buy, the market, and the buying process before you start.
There are many different cryptocurrencies out there, and the ones we have listed over are only a few of them. Before you can start investing in crypto, you need to figure out just which one you want to buy. In addition to this, you also need to pick a crypto exchange to buy it from and arrange a wallet setup afterward. Once you have found a site you can sign up and create your profile, to be able to get started.
Investing in cryptocurrencies can be both exciting and profitable, but it is important that you know enough about the process before you start. That includes figuring out what kind of crypto you can and should buy. The ones on this list could be an option for you, but it is important that you always make your own choices and do good research before buying.