By statistics, there are more than 6,000 cryptocurrencies worldwide. So, crypto traders have vast opportunities for making deals. But on the other hand, such an abundance of various coins complicates the choice of the most profitable cryptocurrency for trading. This is particularly true for beginners in the crypto investment field.
Experts advise dealers to select cryptocurrency based on the thematic platforms’ news, statistics, and blockchain market analysis. Also, specialists recommend traders choose reputable ones (such as https://cryptotracker.com/). That’s because only trustworthy sites offer their visitors reliable information about numerous cryptocurrencies.
Why Do Traders Use Crypto for Making Investments?
Initially, it’s worth noting that cryptocurrencies are completely decentralized assets. This is due to blockchain technology at the heart of crypto. That’s why only holders may influence cryptocurrency. So, such assets aren’t affected by external factors, unlike fiat money. Nay, crypto stands out for:
- No inflation risks. This is due to cryptocurrencies’ emission limitations. So, it’s impossible to issue more coins than the set limit.
- Utter confidentiality. That’s because crypto holders need only the cryptocurrency wallet address when making transactions.
- No risk of forgery. It’s impossible to fake crypto. That’s thanks to the specific blockchain technologies features.
Moreover, cryptocurrency has proven itself well within the current geopolitical crisis. Some experts even say that crypto is the most secure investment option nowadays.
What Are Cryptocurrencies Worth Investing Today?
The rating below has been made considering the opinions of skilled traders, respectable crypto field experts, and actual stats. Moreover, cryptocurrency statistics of the last few years were taken into account here too.
List of Most Popular Crypto
The rating below may not match the information of some cryptocurrency exchanges. That’s because each exchange platform considers its own stats. And here, general analysis was fulfilled. So, the next cryptocurrencies are presently in high demand:
- Bitcoin. It’s listed on all exchanges. However, this isn’t the best cryptocurrency from a technical point of view. But it’s superior for trading. The thing is, almost everyone wants to buy this crypto. That’s due to the constant growth of the Bitcoin exchange rate over a long period.
- Litecoin. It uses the script developed by FreeBSD security officer Colin Percival. Furthermore, LTC excels in increased block generation frequency. In the Litecoin network, a new block appears every 2.5 min. To compare, in the Bitcoin blockchain, this procedure lasts 10 minutes.
- Ripple. There’s no possibility of mining it. So, developers simply gradually release a certain number of these coins to the market. In total, XRP includes about 10 billion coins. Now about 35% of this amount is in turnover. Ripple is much cheaper than BTC. However, analytics expect an increase in its price soon.
In addition, Dogecoin, ETH, Tether, Zcash, Tron, and EOS should be noted. Traders may find more information about these cryptocurrencies, e.g., on CryptoTracker.com.
What Lies Ahead for Сrypto?
Experts suggest that the price of the most popular cryptocurrencies will grow. For example, Ethereum is expected to be worth over $27,500 in 2030. And Bitcoin may cost about $80,000 by the end of 2025.
