Cryptocurrency investing can be an extremely lucrative and easy way to generate passive income streams, but it’s also risky due to its highly volatile nature. It’s not uncommon to see some cryptocurrencies rise by 1000% in one month, only to crash down by over 50% the next month. Plus, governments across the world have been cracking down on these virtual currencies, making them less accessible than they once were. For these reasons, you should use caution when choosing which cryptocurrencies you invest in and only invest what you can afford to lose. If you want to know the biggest BTC network, read on.
Bitcoin
As of now, Bitcoin is an investment but soon it will be more than that. It will be a currency, as well as an asset. The value of bitcoin has been skyrocketing and we predict it will continue to do so. Bitcoin is a borderless currency that can’t be manipulated by any one entity and has no central authority or bank. This makes bitcoin appealing to those who are distrustful of the current banking system, but bitcoin isn’t for everyone. The price is volatile and if you’re investing in something you don’t know anything about then chances are you’ll lose your money. If you want to invest in bitcoin as an asset then keep your eye on the market and pay attention to what’s happening with the cryptocurrency.
Ethereum
Ethereum is one of the most popular cryptocurrencies, and for good reason in the current bear market. It has a strong development team, a large community, and a wide range of applications. If you’re thinking about investing in Ethereum, now is the time when you can earn a good return in 2022. Prices are projected to continue to rise as more and more people adopt Ethereum. Here are 5 reasons to buy Ethereum today: Ethereum is one of the most popular cryptocurrencies. Ethereum has a strong development team. Ethereum has a large community. Ethereum has a wide range of applications. Prices are projected to continue to rise.
Bitcoin Cash
The Bitcoin Cash protocol is forked from the Bitcoin blockchain ledger, with a key difference being that the blocksize limit has been increased to eight megabytes. The Bitcoin Cash fork occurred as a result of disagreements among members over how best to address scaling issues, and it was originally called Bitcoin ABC – or Adjustable Blocksize Cap. However, on November 13th 2017 the name of the digital currency was officially changed from Bitcoin ABC to Bitcoin Cash.
Litecoin
The Litecoin network is a secure, fast and inexpensive way of transferring money. Litecoin has many similarities to Bitcoin, but it is often seen as the silver to Bitcoin’s gold. It can be cheaper and faster than bitcoin for international transfers due to the fact that litecoin blocks are generated much faster than bitcoins. The total amount of litecoins in circulation is four times as many as that of bitcoins.
Ripple
XRP has been doing amazingly well and is predicted by many to be the coin that goes to the moon. It has been making headlines recently as it broke $2.00 for the first time in a long time, with some predicting it could reach $3.00 soon. The problem with Ripple is that unlike other currencies, the majority of XRP trading takes place on centralized exchanges such as Bithumb and Coinone (which are Korean). That means if something happens in Korea, or if Korean traders decide they don’t like Ripple, then it will have a large impact on its price. Luckily, there are many decentralized exchanges available where Ripple can be traded against other cryptocurrencies which may help avoid this problem.
Conclusion
I know it’s hard not to get excited when you hear about the next big crypto coin, but the truth is that most of them are just in a bubbling phase and will eventually crash. That’s why I’ve narrowed down my list of coins worth investing in this month.
If you’re looking for a safe investment, then Ethereum, Litecoin, and Bitcoin Cash are your best bets. They’re all established in their own ways and have had plenty of time to grow since their inception. If you want an explosive growth for your money over the course of a few years then Cardano is the way to go. Finally, if you’re feeling extra risky then Ripple might be a good choice for you!