Best cryptocurrencies for investment

Cryptocurrency is the most hidden way to save and invest money. Cryptocurrencies are decentralized and not controlled by a central system, government or banks. The digital currency is based on blockchain technology.

This system allows you to hide your finances but puts them at risk due to the lack of a supervisory authority. As a result, Bitcoin and other currencies are gaining popularity. There are hundreds of different cryptocurrencies on the market, which you should understand to increase your savings and minimize risks.

What to consider when choosing

It would help if you chose a cryptocurrency for investment according to several criteria:

• Time of existence. Digital currencies that have existed for a long time are distinguished by reliability. The new money may at any time fall in price or depreciate completely;
• Price volatility. It is necessary to look at how volatile the tokens are. The price should be stable, rise, or make minor jumps in price. It is a sign of the stability of the cryptocurrency. It is not worth buying tokens that change significantly or fall in price over long periods.
• Number of exchanges on which it is traded. A reliable currency is bought and sold on a large number of platforms. Businesses that trade tokens will help preserve the value of the cryptocurrency. The more exchanges work on the safety of the token, the more reliable it becomes.
• How many people invest in cryptocurrency? Naturally, if the number of investors grows, the price rises. It is the law of any market. In addition, many investors create a safety cushion to maintain prices in times of crisis.

TOP 3 cryptocurrencies for investment

Bitcoin (BTC)

BTC is the very first cryptocurrency. The price of Bitcoin has risen tens of thousands of times since its inception on the market. Recently, the cost of Bitcoin showed a continuous downward movement. It scared many investors, but people continued to invest in Bitcoin confidently during this time. The most patient investors waited for the price to increase and made money on it.

Bitcoin has a lot of volatility, but its price always returns to its highs.

Ethereum (ETH)

Ethereum is inferior to Bitcoin in price but is ideal for investment. The main advantage of Ethereum is that developers can create another cryptocurrency based on its network.

There have been network hacks and theft of large sums of money. Ethereum security systems are evolving and becoming more reliable. Ethereum is less prone to depreciation than others due to the support of cryptocurrencies created on its basis.

Binance coin (BNB)

BNB are tokens created by the Binance crypto exchange. The price is stable enough not to worry about the money invested. The reliability of BNB is supported by the Binance exchange, where it trades at the best price. Binance is the most significant and widespread exchange in the world. The products created by the Binance platform are as trustworthy as the exchange itself.

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