Are you looking to grow your money in cryptocurrency? You’re not alone! Millions of people are investing in cryptocurrency as a result of its recent success and its promising potential.
Though there can a learning curve, understanding cryptocurrency isn’t as complicated as it may seem. But, the first thing you need to learn about is the types of cryptocurrency available to see what’s right for you.
To help you, this a breakdown of the best types of cryptocurrency and their values.
Ethereum
Ehtereum will be on almost any cryptocurrency list you look at. It’s a decentralized software platform for financial products that people can access for free. It’s especially appealing for people living in countries where the government and state infrastructure limit their access to these services.
It’s currently the second biggest form of cryptocurrency on almost every chart, with a market cap of around $288,148,453,051.
You can view this ethereum price page for more information.
Litecoin
Litecoin is a cryptocurrency that launched in 2011. It’s like Bitcoin and based on the idea of open-source global payments. Litecoin is a decentralized payment method that isn’t run through a government.
Compared to Bitcoin, Litecoin has a faster block generation rate and offers faster transaction time. But, it’s similar to Bitcoin in many other ways.
The market cap is around $11,140,703,310.
Cardano
Created by a group of engineers, Cardano aims to be the world’s financial operating system by also establishing a decentralized system for financial products to pass through. It works similarly to Ethereum.
The goals are to increase chain interoperability and provide solutions for legal contract tracing.
The market cap is around $48,365,523,305.
Bitcoin
Bitcoin is one of the most well-known types of cryptocurrencies. It’s a form of decentralized global payment that has been nicknamed “the cash for the internet.” It’s been around since 2009 and has become the most recognizable cryptocurrency.
Many companies currently accept Bitcoin as a payment method, and it’s growing every day.
Bitcoin’s market cap is around $732,995,910,474.
Bitcoin Cash
Bitcoin cash is the newest cryptocurrency on this list. Established in 2017, Bitcoin Cash serves as a Bitcoin alternative with a bigger block size of 8MB. This is compared to Bitcoin’s block size of 1MB.
Because of the bigger block size, Bitcoin Cash can provide faster processing speeds for users and it can hold more transactions.
The Bitcoin Cash market cap is around $11,285,901,195.
Now You Know the Best Types of Cryptocurrency
These are all the different types of cryptocurrency that you’ll want to know about. These are some of the more popular cryptocurrencies in the world. Before venturing into cryptocurrency investments, be sure to do your research and find resources you trust.
There are a ton of cryptocurrencies available to invest in, so you’ll want to make sure you pick the right ones. Taking extra time to research the background will help you make a more informed decision, which leads to more money in your pocket!
If you want to learn about other ways to invest, be sure to check out the rest of our blog. We have a ton of other articles that you’re sure to love!
