Cryptocurrency has gone from a niche tech product to mainstream adoption in a short time. Although not everyone uses cryptocurrency, there are now an estimated 45 million Americans who do. That’s why it’s no surprise you’re interested in buying and looking for the best cryptocurrency types.
Do you want to learn more about the best crypto to invest in? Read the guide below to learn the types of crypto that make sense to buy today.
Binance Coin (BNB)
BNB is the cryptocurrency coin for the Binance exchange. It helps pay fees on the BNB network and is now tradable globally.
You can also use BNB to find other cryptocurrencies on the BNB network. Decentralized exchanges allow you to trade on the network to find new products. Of course, BNB has risen in value a lot over the years, so it’s a safe bet to hold on to for an extended period.
One of the problems with more popular smart contract networks is the price. Ethereum, for instance, can cost dollars to send a single transaction. It’s even worse when you’re making trades on the network.
Polygon changes the game with its transaction fees. It only costs pennies to make a trade, so you can save a lot of money if you take action on the network. It has also seen a lot of growth over the years and is one of the biggest cryptocurrencies on the market.
Sometimes you don’t want to deal with the volatility of the crypto market. You’re worried that it may crash in the future, so you want to safeguard your funds. However, you also don’t want to wait for your funds to clear in the bank.
This is why the USDC coin is so important. It’s a stablecoin that holds value relative to the dollar. Over time, it’s retained the same value, which means you can trade your current holdings for USDC and have confidence that you won’t lose money.
Ethereum is the second largest cryptocurrency out there. It’s the first smart contract coin, allowing developers to create blockchain applications using Ethereum as the base.
That makes Ethereum a wise and safe investment. Be sure to investigate it when investing in crypto to see what it can do and the value it brings to the market.
Bitcoin was the first cryptocurrency available. It started as a tech project but eventually became the largest cryptocurrency on the market. It’s regularly held the number one spot and has the most value.
That’s why there are so many options for investing in Bitcoin. You can use a crypto hedge fund to buy or sign up for a cryptocurrency exchange to buy there.
Stick With the Best Crypto to Invest In
Although crypto has been around for a while now, it’s still a risky bet to make. Markets constantly shift, so your crypto investments can lose value and lead to a lot of loss if you aren’t careful.
But you can play things safer when you find the best crypto to invest in. Now that you understand the crypto types above, include them in your cryptocurrency investing strategy to grow your holdings in the future.
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