Cryptocurrencies have been all over the news lately and for a good reason! They are a fantastic investment opportunity. However, not all cryptocurrencies are created equal, and some are more profitable than others. This blog post will discuss the most profitable cryptocurrency to invest in right now. We will also provide tips on investing in this cryptocurrency and maximizing your profits.
Let’s take a look at these cryptos.
Bitcoin (BTC) is the obvious choice as a big-hitter in crypto. As we’ve all seen, it’s taken on astronomical gains over the past few years and has reached heights of over $19,000 per one BTC at its peak. However, now that it’s coming down from those heights, is it a good time to invest in it? Bitcoin (BTC) is trading in the $9,000 range, and there is no telling how long it’ll take to make its way back up again.
BTC has such a high starting price point compared to other cryptos such as Litecoin or Ethereum; if you invest in them, then your profits will likely not yield enough ROI, so by simply investing in Bitcoin at this current moment in time, your net worth should grow exponentially. Bitcoin Trader is among the top trading platforms you should choose for trading.
Ethereum, launched in 2015, is a decentralized software platform that enables Smart Contracts and Distributed Applications (ĐApps) to be built and run without any downtime, fraud, control, or interference from a third party. Ethereum is a platform and a programming language (Turing complete) running on a blockchain, helping developers build and publish distributed applications.
The potential applications of Ethereum are wide-ranging. From finance industries like banks & insurance companies to online services such as web hosting & cloud storage providers; so many exciting projects are being developed on the Ethereum platform.
According to the roadmap, Solana has plans to release its test net in Q3 2018. They are currently running a private sale before their public ICO on May 6th. Solana is building off of Holochain’s technology. It utilizes Proof-of-History to achieve consensus between nodes with different views of the blockchain, making it scalable while keeping data immutable using Merkle trees.
This will allow for fast transactions with high throughput at ~7000/sec per shard (instead of Ethereum’s 10–13 transactions per second).
Ripple has made an excellent case for itself as a leader in blockchain-based international payments and settlement with its low transaction fees (which vary depending on network load but typically cost fractions of a penny) and impressive speed; transfers take place within 4 seconds or less with end-to-end visibility over the journey of your payment.
The Bottom Line
Many cryptocurrencies and blockchain technologies emerged over the last few years (e.g., Bitcoin, Nxt, Crypti), but only a handful of these coins were widely adopted and swapped for other coins or fiat currencies by the masses. Bytecoin is one of those cryptocurrencies that has surpassed all others in market capitalization.
The Most Profitable Cryptocurrency to Invest in is a feature post