Where are the virtual currencies to invest in? When the emergence of a series of coins makes the market more unpredictable than ever, even for longtime players.
The virtual currency market is becoming more exciting than ever with the appearance of a series of different coins. However, not all types of money bring profits to investors. Let's take a look at the top 6 virtual currencies with CashBerry to invest now!
Regardless of expectations, up to now, the craze for virtual currencies has not shown any signs of cooling down. However, there are still big questions about how countries will regulate cryptocurrencies. Because this will determine in the future they can replace the current currency or not.
The attraction from investing in virtual money is extremely large. However, not everyone has a lot of experience and accurately predicts the currency that brings them high profits. So which virtual currency should I invest in? Which virtual currency is the safest investment ? To find out the answer, you can refer to the virtual currencies to invest in below!
Virtual currency is a digital asset, which is exchanged through the internet. In order to perform financial transactions, virtual currencies must use cryptographic functions. And Blockchain technology is the core factor that creates immutable, decentralized and transparent values for virtual currencies.
Although this type of virtual currency investment has only entered the Vietnamese market in recent years. But not because of that, their attraction is reduced, when they are always assessed as having "huge" profit potential because virtual currency investment possesses the following advantages:
- Virtual currency can be exchanged directly through cyberspace without intermediaries, thus ensuring fairness.
- High liquidity, easy to make profits, trade anytime, anywhere.
- Because it exists in encrypted form, virtual currency cannot be counterfeited.
- Blockchain technology makes virtual money highly secure. Users can secure themselves without resorting to private keys.
- Transactions do not go through intermediaries, so they usually cost very little.
- Possesses great potential in e-commerce development.
Ripple coin (XRP) is a coin developed by the Ripple blockchain on an open system, making it easy for investors to access. Ripple has the same value as a regular currency, used in a money transfer network by financial institutions.
Ripple is not only exchangeable with cryptocurrencies like Bitcoin, fiat currencies but also with commodities like gold. With this coin, users can conveniently pay with Bitcoins without owning them.
The Ripple money supply is quite finite as only 100 billion tokens have been created. Even so, its market capitalization is still quite impressive, above $60 billion. Each Ripple coin will be valued at $1.21. Unlike other virtual currencies, Ripple does not run on a traditional blockchain platform but has its own data structure called HashTree.
Although it was only born in March 2020, Solana coin has rapidly grown and reached a market capitalization of nearly $74 billion. That is, within just one year, Solana price has increased by more than 10,000% from $ 2 to over $ 200, surpassing even older coins like Cardano or Ripple. And in the latest trading session, 1 Solana coin is being valued at $239.19. Investors rate Solana as one of the best virtual currencies to invest in right now.
Solana's blockchain network is quite similar to Bitcoin, Ethereum, and several other blockchain networks. But it has made many improvements as well as solved the "troubles" of its predecessors such as: transaction speed (50,000 transactions / second) and the cost of only 0.00001 USD. Solana's product and application ecosystems are increasingly diversified with the participation of many new projects, pushing the value of this coin to increase over time.
Ranked 4th in the top virtual currencies to invest in , Tether currently has a market capitalization of nearly $74 billion. According to the most recent transaction data, a Tether coin has a valuation of $1, the same value as when it was created in 2014. This is a prime example of a "stablecoin" form of virtual currency with value. anchored to a real asset. Usually will be paper money, specifically USD.
The purpose of Tether is to ensure the ease of national currency conversions. As a result, the value of Tether is relatively stable compared to other virtual currencies. With Tether, users can store and spend normally. From this support, the use of Bitcoin becomes more widespread and attracts more users.
If asked which virtual currency to invest in besides Bitcoin and Ethereum, the answer is definitely Binance Coin (BNB). The product comes from Binance Exchange, the world's largest virtual currency exchange in terms of trading volume.
So it is not difficult to understand when BNB is currently the third largest virtual currency and has a market capitalization of nearly 108 billion USD. Even so, this is still a pretty respectable number given the recent appearance of copper. One BNB coin is trading at $653 (in the latest trading session at the time of writing).
The amount of BNB is limited to 200 million VND, but it is also regularly "burned" to limit the total supply as well as stabilize the value. This means that BNB will be less volatile than other virtual currencies, ensuring a certain safety for investors. Especially speculators and day traders.
As one of the most investment-friendly virtual currencies today, Ethereum is considered to have the same potential as Bitcoin. Although launched in 2015 as an open source software based on blockchain, the market capitalization of Ethereum is now over $560 billion. The valuation for each Ethereum coin (last transaction time) is around $4,672.
In 2021 alone, the price of Ethereum has increased by more than 540%. This is the basis for investors to believe that this virtual currency will be the key to the decentralized finance sector (including smart contracts and NFTs) in the future.
The Ethereum system is considered an upgraded version of blockchain technology and this technology can be widely applied in daily life, instead of just a virtual currency. Similar to the Bitcoin mining process, Ethereum coins will be continuously created and priced according to market demand.
Since its inception, Bitcoin has always held the position of the largest coin in the virtual currency market. It was created in 2009 by an anonymous person and quickly attracted millions of investors. This is really the "King" of exchanges, when the current market capitalization has reached about 1.246 trillion USD, an average of 1 Bitcoin is valued at 65,148 USD (at the time of recent trading). Best).
Bitcoin is the first blockchain-based cryptocurrency and is exchanged through internet-connected devices without the need for any intermediaries.
The value of Bitcoin is determined by a limited amount. Currently only about 21 million Bitcoins have been mined and there is still a portion of Bitcoin that has not been put into circulation. So, if demand continues to grow in the coming years, the value of Bitcoin will also increase.
According to experts, although virtual currency is an attractive investment channel at the moment, it is not without risk:
- Although the value of virtual currency is large, it fluctuates erratically according to the trend of the market. If not caught, investors are likely to lose money, lose all their capital.
- The emergence of more and more different types of virtual currencies, while there is still no clear legal regulation, makes investors always bear the risk of fraudulent exchanges.
Besides, users cannot control all transaction objects. There are many cases where money has been stolen.
The virtual currency market fluctuates "up - down" every day. To invest effectively to avoid unnecessary risks, you need to study the market thoroughly before starting. At the same time, have your own list of virtual currencies to invest in , in accordance with your ability to optimize the existing capital flow.
And if you still need more capital to invest in virtual money, please leave your ID/CCCD information at website cashberry.vn. Within just a few minutes, you will be approved and immediately have a loan of up to 10,000,000 VND with an interest rate of only 10.95 - 14.6%/year.
Besides simple procedures, 100% online support, CashBerry always upholds prestige, safety and absolute confidentiality. For more information, visit CashBerry fanpage or hotline 1900638385 !