The rise in popularity of crypto has attracted several investors Worldwide. This is attributed to monetary value and high safety features that come with blockchain technology. As such, several cryptocurrencies have hit the crypto ecosystem, competing for a share in the ever-growing crypto market.
But which are the most profitable cryptocurrencies worth investing in? Here are the top cryptocurrencies that you can invest in. To know more about bitcoin trading you can visit bitqt.biz.
Bitcoin
Bitcoin has consolidated the biggest market share since the first bitcoin was mined in 2009.This has seen the price surge to $60,000 in April 2021. While the BTC market cap has hit a record $1 Trillion, the cryptocurrency commands over 45% of the entire crypto market in the World.
The acceptance of Bitcoin by most banks and merchants has made it appealing to most people in the World. Though BTC has had a fair share of price shifts, it has sustained high value for the longest time. As such, investing in Bitcoin is worth trying.
Bitcoin cash (BCH)
The less known Bitcoin cash has experienced a sharp increase in price and value since it was introduced into the world of crypto in 2017. Some of the notable features of Bitcoin cash are that it has a capacity of 8 MB, which facilitates fast and frequent transactions at low fees.
The scalability of Bitcoin cash makes it one of the most promising cryptocurrencies available in the crypto ecosystem. By 2021, BCH started trading at $ though it has currently surpassed $1500.An investor hoping to invest in a scalable and up-and-coming digital currency can try out BCH.
Cosmos
Commonly known as cosmos or Atom, the cosmos hub has earned considerable popularity over the last three years. Typically, the cosmos provides technological infrastructure which allows individuals to communicate with each other and transfer assets.
Some of the value-added features that come with the cosmos hub include a specific network for decentralized exchange.
However, cosmos technology provides enhanced security for Atom holders. Atom, the native coin produced by the cosmos hub and the decentralized exchange feature, has contributed to a sharp rise in digital assets at $120Billion.
Dogecoin
The price of Dogecoin has remained at less than a dollar due to high circulation. In 2021, the popularity has surged, making it the fourth-largest digital currency in market capitalization. While the circulation of Bitcoin is capped at 21 million, 129 Dogecoins are already in circulation. Meanwhile, the price of Dogecoin is projected to rise due to a sharp increase in demand of cryptocurrencies in the World.
Ethereum
Ethereum controls the second largest market segment after Bitcoin. This is attributed to ether and smart contracts technology that has become a darling for developers.
The blockchain-based open-source platform enables users to exchange crypto known as ether. Besides commanding $400 Billion in market capitalization, the value of ether has shot up by 500% in 2021.
The success is attributed to advanced ethereum’s blockchain technology like decentralized finance (DeFi), the Berlin hard fork, and non-fungible tokens. The launch of Berlin Hard Fork in 2021 aims to optimize transaction fees on blockchain networks. Additionally, the technology intends to boost network security and support various types of transactions.
With most merchants and developers accepting crypto as a mode of payment, it is in no doubt that the cryptocurrency is a force to reckon with. The advanced features make ethereum a worthwhile investment for any investor looking for a long-term investment.
Final thoughts
With thousands of digital currencies flooding the crypto ecosystem, choosing highly profitable crypto to invest in may be challenging. The digital currencies enlisted in this article are not only beneficial but have a promising future that you can leverage to make a profit.