THECRYPTO.WATCH – Each type of cryptocurrency has its own characteristics and advantages. Make sure which coin will be your investment product. There are many types of cryptocurrencies. Cryptocurrency is a digital currency whose presence really attracts the attention of many people. However, not many potential investors knowthe variety, because the popularity of other digital assets is covered by the prima donna, which is Bitcoin. In fact, there are many other variants that can be used as an investment.
Popular Types of Cryptocurrencies
Types of cryptocurrencies that can be used as investments that you can have in the crypto market. However, you must first recognize the characteristics and advantages of each of these digital asset variants. This is, of course, to prevent a decline in the value of the investment.
Who doesn’t know Bitcoin? Yes, this digital currency was the first type to appear in cryptocurrencies and until now, it is still the prima donna and has not been defeated. Its value growth has continued to increase since its launch.
Since it first appeared, Bitcoin was directed to enter into global trade transactions, including peer to peer. This digital currency is indeed predicted to be digital cash in the future. This is why the demand for this digital asset is still relatively high.
This crypto asset also has a high liquidity value in the digital market. This coin has been circulating with a total of 84 million pieces and more, the advantage is that the ming process that needs to be done is only 2 minutes. Much shorter than other assets. This is why this coin is still the mainstay of investors.
This digital currency is widely traded on the crypto market. Compared to other coins, the disbursement of funds is relatively easy, ethereum is designed as a smart contact concept. This is what gives developers the opportunity to release apps on Ethereum-based smart phones.
Binance Coin (BNB)
Binance coin controls the market cap with a fairly large margin, which is around 4 percent. The growth in the price of this coin is increasingly moving up to beat its predecessors, Bitcoin and Ethereum.
Those are the types of cryptocurrencies that continue to thrive and are still widely traded on the marketcap. You can choose according to the risk factor of your investment.