Which coins are best for investment?

skrimon

Well-known member
"Do you mean cryptocurrency? then here are some best options for you to invest in:

Bitcoin (BTC)
Market cap: $723 billion


Created in 2009 by Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers.

Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters.

Ethereum (ETH)
Market cap: $333 billion


Both a cryptocurrency and a blockchain platform, Ethereum is a favorite of program developers because of its potential applications, like so-called smart contracts that automatically execute when conditions are met and non-fungible tokens (NFTs).

Ethereum has also experienced tremendous growth. From April 2016 to the beginning of May 2022, its price went from about $11 to over $2,700, increasing by almost 25,000%.

Tether (USDT)
Market cap: $83 billion


Unlike some other forms of cryptocurrency, Tether is a stable coin, meaning it’s backed by fiat currencies like U.S. dollars and the Euro and hypothetically keeps a value equal to one of those denominations.

In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies, and it’s favored by investors who are wary of the extreme volatility of other coins.

Binance Coin (BNB)
Market cap: $62 billion


Binance Coin is a form of cryptocurrency that you can use to trade and pay fees on Binance, one of the largest crypto exchanges in the world.

Since its launch in 2017, Binance Coin has expanded past merely facilitating trades on Binance’s exchange platform.

Now, it can be used for trading, payment processing, or even booking travel arrangements. It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin.

BNB’s price in 2017 was just $0.10. By the beginning of May 2022, its price had risen to around $383, a gain of approximately 350,000%.

Thanks!"
 
You have truly pointed out the best ones. However, you have to admit that these are the best coins to invest in, only if you are already a millionaire. I have a feeling like Binance Coin might actually become even better in the upcoming months. Besides that, have you heard about a coin called Qmall? Man, that little thing is progressing insanely. I started monitoring the crypto world not so long ago, but I already know about an insane amount of projects with great potential, just like Crypto Launchpad BHero - Connect with Maiar on Elrond. This marketplace is going to be a dream for all freelancers.
 
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Now some broker forex already reach the crypto market to offer CFD crypto, with the trading concept using leverage, CFD crypto trading can boost more profit, but also has high risk, FXOpen included one company that offers crypto trading with leverage 1:3, however, the trader needs to understand about CFD trading,
 
There are different investing physical gold and CFD trading on gold where for security physical gold is more secure than CFD trading gold, but trading gold in CFD can boost investment gain a hundred percent, in a short time, but the risk is also involved, good trader allows to trading gold with FXOpen global broker.
 
Bitcoin price still hard to break 32k level price, the price still in a trading range between 27k - 32k price level. today BTC price
$27,081 low price in the trading range.
 
At present BTC is still dropping, now price is $20,343.91, if we can get the lowest price around 10k may be a good time to buy.
 
I like your recommendations mostly, however, since Tether has been involved in some controversy, I prefer other stablecoins such as BUSD. I also recommend stablecoins not for investing necessarily, but more for holding your cryptos in between trades.
 
No cryptocurrencies are worth the trust as much as bitcoin and ethereum are. The current market conditions can make survival of the new currencies difficult.
 
El Salvador now reported increased loan due to this country as the first legalized Bitcoin, in downturn Bitcoin price, make countries increasing debt, BTC crypto still wavy, now faced many difficulties, green energy, recession, geopolitics, etc.
 
I would like to invest in matic, dot and algo. Are these cryptocurrencies good? And, which wallet? I’ve identified a few like capital wallet, kraken, exodus and mycelium.
 
It is best to only invest in something you know about. If you're asking whether DOT, MATIC, ALGO are any "good", then it seem you may not ready to invest in these assets.

"Good" is a very subjective and generic term. Each of these cryptocurrency projects serves a different purpose, so I would suggest doing your due diligence before investing in any of them. I'm sure they each have their merits and pitfalls.

Do you believe in the project, does it solve real world problems in the financial industry / blockchain?

Ask yourself, "why do I want to invest in these cryptocurrency projects?". If you think some of them are going to change the world and be utilised in the future of the financial industry, then go ahead and back them. But if you're just looking to make financial gains without any knowledge of what you're invested in, then crypto is probably not the market for you.

Bottom line, only invest in what you know well.

I got your point mate, I have been reading about these cryptocurrencies for some time, and they look good to me in terms of the technology used behind each of them and their past performance (I've been closely monitoring the charts), but I just wanted to be doubly sure.
 
Back when I was studying at the Bhero Website, this third-generation blockchain project, created as an alternative to Ethereum, was also very popular for investing. Cardano supports smart contracts, has high throughput and scalability, and even today can be used in the real sector of the economy. This year, the ADA coin has come close to Ethereum in terms of capitalization and ranks 4th in the Coinmarketcap rating. There are many highly qualified specialists in the development team.
 
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I think it's definitely not Bitcoin
On the top list, Bitcoin still ranks 1, the second one is Ethereum. USDT transaction also increase on recent years. There are so many Dapps projects using the Ethereum blockchain.
 
With cryptocurrency prices falling rapidly since late November and bitcoin sliding below $20,000 for the first time in 18 months, the crypto market is undergoing a contraction phase, better known as ‘crypto winter.’ During this time of volatility, where everyone remains clueless and chaos takes over the market, a bold player will always find an opportunity even in an uncertain market, and that is what crypto trading is all about.
 
There are thousands of coins to invest in, and picking a one or two for investing is not an easy task. You can go with the popular ones, like Etherum, Dogecoin, etc. But I wouldn’t recommend you pick these. Do your research. In the end, it’s you who have to take the risk.
 
There are thousands of coins to invest in, and picking a one or two for investing is not an easy task. You can go with the popular ones, like Etherum, Dogecoin, etc. But I wouldn’t recommend you pick these. Do your research. In the end, it’s you who have to take the risk.

I think this important point to prepare for the risk. Trading CFD crypto, or buying a coin has risk, but indeed both have different levels of risk, CFD crypto maybe boosts investment in the short term, but the risk is higher, buying coin risk is lower but the return is also low, because of no leverage.
 
Start with the popular ones to be on the safer side. As you gain experience, you will find out that there are many other options too that you can consider buying.
 
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