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For investing in cryptocurrencies, diversity is the key. There's no one fixed reason to invest in just one cryptocurrency. There are more than a hundred cryptocurrencies in the market and each has its own reason to invest in them. But just like the stock market, the crypto market is volatile too. So, to make smart investments, here are the top affordable and trusted cryptocurrencies that you can invest in to minimize the risk.
If Bitcoin is the gold equivalent of cryptocurrency, Litecoin is silver. It's one of the most trusted altcoins, and one of the first too. It has a market cap of US$2.59B which holds potential and Litecoin has faster transactions compared to Bitcoin.
Litecoin price today: US$185
In the volatile crypto market, BAT is usually consistent, making it one among the top 40. In 2018 and 2019, the price of one BAT was in the stable range, symbolic of its future potential. For the most part. Basic Attention Token is used as a utility token on the Brave browser, which saw a rise in adoption since 2019. All this makes BAT one of the most trending cryptos.
BAT price today: US$0.8313
If private transactions are your concern, then check out Monero. Monero is a highly liquid cryptocurrency that enhances the privacy of users. The technology behind Monero ensures that your crypto waller address never appears on the public blockchain and the source of funds for every transaction is hidden using cryptic techniques. To geeks, the technology might seem a bit old-fashioned, but its focus on privacy and liquidity makes this a good cryptocurrency to diversify your investments.
Monero price today: US$247
Founded in China, this digital coin is also known as Chinese Ethereum. But unlike Ether, NEO is more centralized and doesn't rely on as many nodes as Ether to make decisions. NEO supports smart contracts that have a wide target audience. It's also highly liquid and one of the most promising cryptocurrencies out there.
NEO price today: US$58
This is also a privacy-focused crypto coin, but unlike Monero, Beam uses a new blockchain known as Mimblewimble. This technology ensures high transaction speeds while keeping privacy intact. With a fairly smaller market cap of 4.99B USD, it is liquid and pretty consistent with well-managed crypto-economics.
Beam price today: US$0.6786
Nexo has a unique business model, so unique that it offers credit cards to its users. It's one of the first security tokens to be offered in the market and it has proven to be very stable. While this cryptocurrency is new, Nexo is a functional product which many other cryptos are not. All the above features are green flags for you to invest in Nexo.
Nexo price today: US$2.30
Cardano ranks among the top five cryptocurrencies and says volumes about its popularity. When it comes to being liquid, Cardano trades in high volumes every day. Of course, it has its ups and downs, but it's an investor-favorite that makes this a potential cryptocurrency.
Cardano price today: US$1.67
The purpose of Enjin is to bring gaming to the blockchain. Basically, gamers can own the assets they collect in games and trade them with other players. This creates usability across various gaming multiverses that will, in turn, increase the crypto's value. As the first company to lead cryptocurrency into the gaming industry, Enjin has a stronghold on the market.
Enjin price today: US$1.96
One of the oldest and most popular cryptocurrencies, BitTorrent has more than 100 million users to date. The technology behind BitTorrent allows content developers to interact with their audience, allowing them to earn and spend this cryptocurrency without third-party involvement. There talks going around that BitTorrent and Tron will start a new venture, which is hyping the value of this digital coin.
BitTorrent price today: US$0.425
The launch of IOTA's Data Marketplace has been a major driving force for this cryptocurrency. The marketplace is set up that enables companies to sell data to promote data sharing. Moreover, the marketplace is blockless, which means all transactions on the network are free. Owing to these reasons, IOTA has been touted as one of the best cryptocurrencies on the $1 mark.
IOTA price today: US$1.18
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
