With so many cryptocurrencies out there, it can be challenging to know which ones are worth buying. According to SoFi Invest, “There are a number of different types of cryptocurrencies available today – all with different attributes and designs.”
If you want to make cryptocurrency investments that will lead to higher returns than most people could ever hope to get with stocks and bonds, then this blog post is for you. Here are seven cryptocurrencies that are all relatively new but have already shown a lot of promise. Read More one dollar deposit casinos.
1. Bitcoin
Bitcoin is the original cryptocurrency. It was created in 2009 by a group of developers trying to find an alternative way to exchange money without paying high fees and let anyone from any country participate in transactions.
The returns from bitcoin have been astronomical. In 2010, a bitcoin was worth just a couple of pennies, and in 2017 it reached close to $20,000 at its highest point.
2. Dogecoin
Dogecoin is a cryptocurrency that was created as a parody but turned into something much bigger. It was initially introduced to mock the hype around cryptocurrencies, stating “doge” is an internet meme with funny pictures of Shiba Inus dogs.
Since its creation in 2013, it’s had explosive growth, with the value of 100 Dogecoins being just 17 cents back then and now worth almost $0.02.
3. Binance coin
Binance coin is the cryptocurrency of one of the biggest exchanges in the world. It’s also relatively new, introduced just this year. Since then, it has already tripled its value, which is pretty unheard of for such a short period. Binance Coin allows users to save on trading fees.
4. Ethereum
Ethereum is another cryptocurrency that’s worth a lot and has had impressive returns. It was introduced in 2015, and it quickly became the second biggest alternative to bitcoin, following its meteoric rise of more than 13,000% since then.
5. Solana
Solana is a new type of blockchain that’s very fast, scalable, and environmentally friendly. It can process more than 70,000 transactions per second, making it faster than almost any other cryptocurrency.
If you’re looking to buy crypto with the highest returns possible, then this one might be worth checking out. It started just two months ago and has already risen over 200%.
6. XRP coin
Ripple is another cryptocurrency that’s fast and scalable. This one has been around since 2012. However, it was only in 2017 when it made its mark, rising more than 35,000% by the end of the year. Ripple allows banks to process transactions that normally take days or even weeks in just seconds, making them much cheaper for everyone.
7. FTX Token
FTX is a new exchange that will allow users to trade cryptocurrencies without going through complex and expensive transactions. It’s built on the blockchain, which means it has all the benefits of being decentralized, secure and transparent, with no need for sending your money to some central server.
If you’re ready for something different but still want significant returns, you might want to check out FTX. It hasn’t even started yet, but it’s already soared in value by over 200%.
Cryptocurrencies are volatile investments, so above all, remember not to invest anything you can’t afford to lose.
