Published on June 13th, 2021 | by Bibhuranjan0
Best Cryptocurrencies To Buy In May 2021
Everyone out there is fond of money. Different countries have different Currencies. Rupees to Euros and Dollars. Do you know there is virtual money that can also help with the same? Yes, I am talking about Cryptocurrency, an increasingly popular form of currency where payment is exchanged online for goods and services. Cryptocurrency is currently the hot topic globally, especially on Twitter, as people like Elon Musk are spreading the word on this, and every day we hear news on becoming millionaires by investing in Cryptocurrency. I assume you already know that it’s more volatile than traditional stocks depending on their values. Still, if you are planning on investing, here are the highest-grossing Cryptocurrencies.
“If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry!”
~ Satoshi Nakamoto
Mysterious Creator of Bitcoin
The king of Cryptocurrency with the highest market capitalization of $727.7 billion. Bitcoin revolution becomes the golden standard within distributed funds, where it is used as collateral for strong currencies, loans, and more. “Bitcoin has seen its fair share of instability over the years, and prices have come back from recent rises, but being one big name in Crypto gives it global acceptance by some of the unknown competitors. Set your wallet, prepare for its risks, and then you can buy Bitcoin.
Ripple is another cryptocurrency and digital payment transaction network that was first launched in 2012. Ripple Labs created XRP as an internal payment symbol to be used in its separate payment system. XRP is used within vast networks of authentication sites rather than any blockchain, as the company started with its blockchain-based system. Over the years, XRP has acquired over $46.3 billion in market capitalization and proudly positions itself as the most stable Crypto.
Another valuable competitor of Cryptocurrency is Ethereum. However, we can’t really compete Bitcoin directly against Ethereum as it’s essential to know that most cryptocurrencies are not as straightforward currencies as Bitcoin. Others, like Ethereum, instead have different technology. In the case of Ethereum, its cost is called Ether and used in applications running on the Ethereum platform. Just under the shadow of Bitcoin, Ethereum has the 2nd highest market cap of $23.15B.
Remember when I said Bitcoin is the golden standard? Assume Litecoin as the silver! It’s one of the most trusted altcoins and one of the first, too. Although Litecoin has relatively minor market cap of just $2.59B, it still remains as the preferable form of Crypto for the majority with its fast transaction speed as compared to Bitcoin or Ethereum. Thus, it holds significant importance, which has the potential for future growth to be one of the cheapest cryptocurrencies that diversify our portfolio.
“As you know, the stocks go up and down, so also these crypto coins!”
Do not invest more than you can afford to lose. That’s another piece of advice if you are thinking of investing your money. And if you are someone with experience, then go ahead. Any form of Cryptocurrency can be bought from Binance, Kraken, CoinBase, and similar crypto exchanges. After approaching market capitalization and having looked in the Bull market to make the right decision of investing money. Make sure your credentials are safe. I hope this article helped you.
Cover Image by WorldSpectrum from Pixabay