Nowadays, people are making huge profits from cryptocurrencies. After a decade of its inception in 2009, cryptocurrencies have come a long way. People and businesses from all over the globe have started taking it seriously, giving rise to the crypto market. Since no one can say anything for sure about cryptocurrencies, there’re some techniques people are using to devise effective crypto trading strategies. People who are new to cryptocurrency trading should first brush up on their knowledge and skills about digital currencies. In this blog post, we are going to highlight top digital currencies that are worth investing in.
The Mother of All Cryptocurrencies
Like always, Bitcoin is dominating the crypto market. Some say it’s the mother of all cryptocurrencies, and it’s something we can’t deny. Bitcoin always has been playing a vital role in determining the situation of the crypto market. According to some crypto experts, Bitcoin has the potential to grow manifolds even after touching $60,000. Bitcoin has a history of touching the highest and going back to where it started going up. You can give it a go to earn huge profits. However, It’s super volatile, meaning you will either be a millionaire or pauper at the end of the day.
A Cryptocurrency Created as a Spinoff of Bitcoin
Digital currencies tend to seem complex and obscure to those who do not know about the underlying technology. However, Litecoin was designed to fix this problem. Actually, Charlie Lee, the founder wanted to design the lite version of bitcoin and create a digital currency that can serve as the silver to bitcoin (BTC)’s gold. In 2011, Lee launched Litecoin with many similarities to Bitcoin but with some twists. For example, BTC takes around 10 minutes to complete transactions, while LTC is far faster when it comes to transaction time. Like Bitcoin, Litecoin has a bright future. Investing in Litecoin can double your fortune.
As a writer, Ruben is an advocate of blockchain technology and cryptocurrency in general. He writes about all things from cryptography to economics, with a focus on how it applies to cryptocurrencies. He is also passionate about writing about topics such as decentralization, open-sourced software development, and copyright law.