It all started with a few cryptocurrencies like Bitcoin and today there is a vast list of such currencies that people are keen to invest in. With differing degrees of utility, adoption and promise, the cryptocurrency market has managed to garner attention from every corner of the globe. The attention and popularity that the digital currencies enjoy has surely made investors decipher as to which are the best cryptocurrencies to invest in. On that note, we present to you our find of the top cryptocurrencies to buy this weekend. Keep reading.
Bitcoin
Ever since this cryptocurrency came into existence, no wonder, it has been a dominant player. Not just the retail investors but institutional investors are also making their way into Bitcoin investment. Additionally, Bitcoin is considered to be a medium for countries to guard against currency depreciation as well as faster and cheaper fund transfer across borders. Being the one with the largest market capitalization, Bitcoin, undoubtedly holds huge potential for positive returns, just like it has strived to do to date.
Ethereum
After Bitcoin, undoubtedly, all eyes turn to Ethereum – the second-largest cryptocurrency in terms of market capitalization. Ethereum has already made the headlines by being the leading platform for decentralized finance, or DeFi. With this platform, the users can now create smart contracts that get executed automatically when the conditions are met. Yet another aspect that makes Ethereum stand apart from the rest is its potential to cut out third parties like banks, clearing houses, banks, etc. As the investors have gained quite a good return as a result of their investment in Ethereum, the same trend is likely to continue for the years ahead.
Cardano
Just like Ethereum, Cardano is also a decentralized blockchain platform that enables peer-to-peer transactions. A point that is worth noting is that these transactions are extremely secure. What has paved the way for the wide acceptance of Cardano across the globe is its extremely low level of energy consumption when compared to Ethereum and Bitcoin. Cardano is on its way to enabling smart contracts, thereby leaving us with no doubts pertaining to how valuable investing in this digital currency would turn out to be.
Dogecoin
The exponential surge in the value of Dogecoin over a period of time speaks volumes as to how good of an investment this meme coin is. Its larger circulation as well as the unlimited capacity to mine more has always been the prime reason for all the attention that Dogecoin enjoys. Yet another point to note is that Dogecoin has a much faster mining/hash rate as compared to Bitcoin, thus making sense to the kind of attention it enjoys.
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