Ask for any expert advice and they will tell you that the best cryptocurrency to buy right now is the one that suits your needs. This is partly true. However, when you are planning on buying crypto, especially as a beginner, you should know more than that. In fact, having a general perspective over most types of crypto can help a lot.
Your familiarity level with a digital asset matters a lot. Your risk tolerance and experience level should play an important role in your decision too. This is why, in this article, we will talk about the best cryptocurrency to buy right now from a general point of view. Remember that your choice is your own and should favor your goals and not a top that you find online. Here we go!
As expected, since its creation back in 2009, Bitcoin (BTC) has been a dominant power in the cryptocurrency industry. Of course, things have not always been so good for it but recently, BTC has gained even more popularity. In fact, most established cryptocurrencies have, partly due to the ongoing global pandemic.
Back in January, Bitcoin reached a peak price of $40,000 and a market cap of over $1 trillion. This means that more than 69% of all crypto coins in existence are BTC. This cryptocurrency is also volatile, like all the others (except stablecoins) but it has an advantage that others don’t have. Its name and fame push it higher and higher every time. This is why it’s still probably the best cryptocurrency to buy right now.
For those people who are yet to understand the technology behind them, cryptocurrencies can seem strange. This is where Litecoin (LTC) came in to change the perception. According to its founder, Charlie Lee, LTC was created as the “silver” to Bitcoin’s “gold”. In short, this is a lite version of the most popular cryptocurrency that is meant to reach more people.
Some of the differences between the two include Litecoin’s faster transactions and much lower system requirements for mining. In fact, any ordinary computer is able to mine LTC without problems. At the time of writing, the price of Litecoin stands at $364 per unit with a market cap of $24,64 billion.
The famous Ethereum network took the concept of decentralization and turned it into something even greater. The basic idea around it is to decentralize the internet. There will be no servers, just nodes that will create a universal computer for the entire globe. The cryptocurrency that people use within Ethereum is called Ether Token (ETH). Right now, it is one of the most popular crypto types in the world.
With the Ethereum network acting as a host for many other cryptocurrencies, the Ether Token is clearly worth taking a look at. At the moment of writing, it has a price of $3,445 with a market cap of $399,07 billion.
One of the most recently-created networks, Tron is very special. With the recent storm that has engulfed the entire entertainment industry, its creators found something to take advantage of. This is a blockchain-based and decentralized sharing content platform. Tronix (TRX) is the cryptocurrency that people can use on this platform.
What’s even more interesting is that Tron protects its users because it leaves no traces behind. Also, it allows anyone to monetize their content. It may not be as popular as Netflix for now but it’s surely worth taking into account at the moment. Even if its founder has been involved in some sketchy situations, Tron is clearly a smart idea that rose from the ashes that this pandemic left behind.
When it comes to the best cryptocurrency to buy right now, it’s clearly your choice. However, we can recommend you an online broker that can help you in your endeavors. AlphaFXC Trading is a leading brokerage group that uses an innovative social network for smoother and smarter trading activities.
The goal is to be the world’s main provider of brokerage services and trading platforms. AlphaFXC strives to offer a customized customer experience with a clean, user-oriented interface. AlphaFXC Trading provides traders of all types, from beginners to experienced, with a wide variety of diverse trading platforms. Those have been specially designed to fulfill the individual needs of the consumer.