With the world becoming more and more technologically advanced, money systems are following suit. Soon we will be saying goodbye to physical cash and hello to everything virtual. One virtual finance aspect that has been gaining more and more popularity is cryptocurrency. Starting with BitCoin years ago, cryptocurrency has evolved into an investment goldmine and a cash competitor for the future. Below, we will look at some of the best cryptocurrencies to invest in now while still gaining massive value.
Bitcoin is the apparent first currency on our list. The first bitcoin hit the market in January of 2009 and has dominated ever since. In April 2021, prices skyrocketed to over $60,000 per coin. At the beginning of the year, bitcoins took up 70% of the cryptocurrency market. Finance experts note bitcoin as being the “gold standard” for decentralized finance. Bitcoin can be used for loans, stablecoins, and more. It is becoming easier to invest in and can be bought on apps such as Robinhood and Cashapp.
Over the past four years, Cosmos is noted as having achieved the most ambitious road map in the space of crypto. The Cosmos Hub uses independent blockchain to transfer assets and create a level of communication with each other on the Inter Blockchain Communication. Currently, the Cosmos Hub secures a significant amount of $120 billion in digital assets. The native coin for the Cosmos hub is called Atom, and they are constantly evolving with the market.
Dogecoin is going to be the most exciting option on our list. The name is based on a viral internet meme called “Doge,” which is a mock of a Shiba Inu dog. The creators of Dogecoin first visualized it as a lighthearted currency. In 2021 we have seen a massive surge in the coin price, and it has been publicly endorsed by celebrities such as Elon Musk. The price point peaked at over 70 cents this May. There are 129 dogecoins currently circulating, which is a stark contrast to Bitcoins 21 coins.