Luis Pazos 
Thinking about investing in cryptocurrency? Maybe you’ve dabbled in Bitcoin or got interested when Dogecoin spiked. The first thing to know is there’s a massive variety of options—4,833 to be exact, according to CoinMarketCap. Most of them aren’t worth your time, but if you’re smart about it, you might find a rising star that could pay off big.
The Best Cryptocurrencies to Invest In
Don’t invest more than you can afford to lose, especially with risky cryptocurrencies. But if you’re looking to explore, here are the top 10 cryptocurrencies to invest in based on market value.
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Bitcoin (BTC)
Bitcoin is everywhere these days and it’s the first cryptocurrency that started it all. There are only 21 million Bitcoins that can exist, and about 18 million are already out there. This limited supply drives its market value, and it’s so well-known that even your grandma might’ve heard of it. Plus, it’s caught the eye of big investors. -
Ethereum (ETH)
Unlike Bitcoin, Ethereum doesn’t have a limit on supply. You can trade ETH or use it for decentralized applications like certain apps. It’s more secure for payments because transactions only complete when both parties are satisfied. Ethereum has grown rapidly since late 2020 but has also had huge spikes and drops, so invest wisely. -
Binance Coin (BNB)
Binance Coin is the currency of the Binance platform. You can trade it or use it to pay on the Binance system. Recently, its value has soared, and Binance keeps it scarce by burning some coins every quarter. -
Tether (USDT)
If wild value swings in crypto make you nervous, Tether could be a safer bet. It’s backed by bank reserves and tied to the US Dollar or Euro, keeping its value stable. It’s a digital way to invest in traditional currency without hefty fees. -
XRP (XRP)
Created for fast and cheap international payments, XRP transactions complete in just a few seconds and can handle different currencies without conversion. It’s had big value swings but is currently on the rise again. -
Cardano (ADA)
Cardano aims to be an eco-friendly cryptocurrency by using less energy than older cryptos like Bitcoin. It’s similar to Ethereum in tech use but can also be bought and sold normally. -
Dogecoin (DOGE)
Dogecoin started as an "internet currency" for online creators. Lately, Dogecoin has gained a lot of attention for its skyrocketing value, but it’s still seen more as a playful investment rather than serious financial material. Only invest what you can afford to lose. -
Polkadot (DOT)
Polkadot lets you create and control your own blockchain. It was made to decentralize control, making it harder for individuals and companies to monopolize. -
Uniswap (UNI)
Uniswap decentralizes financial systems using the Ethereum network. It made headlines when 400 UNI tokens unexpectedly appeared in people’s wallets in September 2020. Supporting decentralized cryptos could make this a good investment. -
Litecoin (LTC)
Launched in 2011, Litecoin offers fast and cheap transactions like newer cryptos. Despite its creator divesting from it, Litecoin is experiencing a resurgence.
Final Thoughts
Investing wisely in cryptocurrency could help grow your wealth. Store your investments in a secure wallet to potentially increase your returns further.
