Finding a cryptocurrency that gives a trader an edge in the competitive international market is a challenging task.
When one thinks of investing or trading crypto, Bitcoin is the first name that comes to mind. Even though it is highly popular among people, Bitcoin is not the only cryptocurrency.
There are many spinoffs and look-alikes of Bitcoin that have been created over the past couple of years. An estimation shows that currently there are more 7000 cryptocurrencies in the global market.
The increasing impact of Bitcoin and other such cryptocurrencies can be analysed from the fact that major international brands, organizations, and companies are investing in this form of digital currency.
The recent support of Elon Musk has resulted in an exceptional increase in the worth of Bitcoin. Many renowned analysts have stated that cryptocurrency is the next big thing in the financial world in the coming years, which will completely transform the concept of currency throughout the world.
Understanding today‘s Crypto Market
Before diving into the depths of crypto trading or investment, it is imperative to learn about the current circumstances of the crypto market.
Initially, it was believed that cryptocurrency provides a gateway for money launders and criminals, but as time has passed by, it has started to build a reputation for itself among the business and investment sector.
Today, many analysts refer to crypto as a 'digital gold', and quote it as a mind-blowing technology with a worldwide impact.
There is no doubt that the crypto market has experienced great success and growth in terms of popularity and the increasing number of potential users.
In 2019, the crypto market value was $754 million, and it is predicted that it will increase to $1.7 billion by 2027. The limited number of available Bitcoin increases the mining competition in the market, which eventually increases its value.
Best Cryptocurrencies to Set your foot in
Even though there are so many different and accessible cryptocurrencies to choose from, finding the perfect one is still a complex task. It is not a very time-efficient method of weighing down all the profitable and non-profitable coins, this can take up a lot of valuable time.
To make this easy for investors and traders, here are a few of the cryptocurrencies that one should consider investing in.
Bitcoin
It goes for a fact that it is impossible to not mention Bitcoin when listing down all the best currencies to invest in. Bitcoin is the most popular cryptocurrency in the world and has the most users on it as well. People refer to bitcoin as the king of all cryptocurrencies.
Ethereum
After Bitcoin, Ethereum is considered to be the best cryptocurrency that investors and traders can spend their money on. Ethereum has a market cap of $30.5 billion, along with tons of profitable opportunities. It is primarily used because of less fraud and interruption of a third party.
EOS
Although this is a type of currency that you cannot get anything from, it is still considered to be one of the best digital assets.
With the growing scope of investing and trading in different cryptocurrencies, along with the inclusion of crypto in mainstream economic structure, trading platforms like the Bitcoin loophole are playing a significant role in assisting new traders in the field.
These traders can check out the bitcoin loophole scam and review it to have a better idea of how these trading platforms function.
