There are several discussions around the future of cryptocurrencies in the market. For some people, the crypto market is not a long-lasting phase. But, for others, it is going to be around here forever.
After Bitcoin, there followed a legion of other popular cryptocurrencies that have several excellent features. With all varieties of cryptos available in the market, it is hard for investors to decide which is the best crypto that is good for the long haul. Not to worry, here are the best 3 cryptos to invest in that could help you secure a millionaire future.
3 Great Cryptos That Could Make You a Millionaire
The big question, as always, what are the best cryptos to buy?
The answer just might be the following three great cryptos. Not only do these digital assets have the potential to make investors money, but they have the innovation needed to make millionaires out of long-term crypto investors.
#1: Bitcoin (BTC)
If you are new to the crypto world, Bitcoin will probably be the first and maybe the only name you would have heard of.
Bitcoin is indeed the first cryptocurrency and still has high liquidity in the crypto space.
Bitcoin, known as the 'king of cryptocurrency,' is still one of the most popular and in-demand cryptos among investors. With almost a 40% share in the total crypto market cap, It flourishes as the most prominent cryptocurrency available today.
If you are planning to invest in cryptocurrency in 2021, Bitcoin is a feasible option for you to kickstart your investment journey.
The price of Bitcoin, like any other cryptocurrency, is not stable and changes every day. In December 2017, the Bitcoin price hit a high of around $20,000, which was remarkable. But 2018 witnessed a complete collapse, and it fell to a price of around $3,234 by the end of the year. Since then, Bitcoin's price has rallied, and by January 2021, it surged to over $40,000 with a market cap of more than $1 trillion. It accounted for more than 69% of the whole cryptocurrency market.
It is always important to be aware of technical improvements in the market before investing in any cryptocurrency. The use of the Lightning Network has brought some major changes in the BTC system.
It is now seamlessly enabling Bitcoin's implementation in decentralized applications and e-commerce platforms, which arguably makes it one of the best cryptos for new asset class investors. With institutions like Tesla and MicroStrategy buying billions of dollars worth of BTC, the future looks very bright for the premier cryptocurrency.
It's not a stretch of the imagination that Bitcoin's price could soar even higher this year, bringing exciting growth to investors' portfolios.
#2: Ethereum (ETH)
The first Bitcoin alternative, Ethereum, is not merely a digital currency but an advanced blockchain-based decentralized platform. Taking a step ahead from decentralizing currency, which is the main theory behind cryptocurrency.
Ethereum aims to decentralize the internet by replacing servers with a worldwide system of nodes. Precisely, creating 'one computer for the entire world.' Ether, the Ethereum coin, has a market cap of around $199,826,863,309 and has become the most popular cryptocurrency in the blockchain world.
If you plan to invest in cryptocurrency for the long haul, then Ethereum should be on your list. The number of transactions that happens in a single day for Ether is almost around 659,000. Along with the increase in currency value, Ethereum will change its consensus algorithm from Proof-of-Work to Proof-of-Stake in 2021. This will allow faster transaction speed with zero forkings.
Ethereum shows a bright market for investors and can be leveraged to secure a millionaire future. The market cap of Ethereum Is roughly around 19% of Bitcoin's size and is expected to soar higher in the coming future with further developments in blockchain technology.
Investors looking for a top-notch cryptos to buy should consider Ethereum.
#3: Cardano (ADA)
Cardano, an "Ouroboros proof-of-stake" cryptocurrency, was created as an alternative to Ethereum.
It takes a step aside from the usual cryptos in the market as it was created by a scientific approach by a group of mathematicians, engineers, and cryptographic experts. After a detailed-research based method, Cardano came up as the first peer-reviewed decentralized blockchain protocol using a scientific approach. Created to process more transactions at a lower cost, it aims to be the world's financial operating system.
By integrating distributed ledger technology and the smart contract infrastructure, Cardano ensures complete protection of users and lower transactions. Building smart contracts, creating decentralized applications and protocols, and instant transactions with minimal fees are the Cardano blockchain's main features The Cardano utility token ADA differs from other cryptocurrencies with their interesting functionalities. Apart from a transfer of value, ADA is used by stake pool operators in the staking system to ensure the protocol's security.
As of January 2021, one ADA has a market capitalization of $9.8 billion, which is indeed a remarkable count to note. For those who want to invest in cryptocurrencies to secure a millionaire future, then Cardano is indeed the third entry to your list.
Best 3 Cryptos To Invest In: Conclusion
If you wish to secure a wealthy future, probably the best option today is to invest in cryptocurrencies. For this, it is important to keep a note of all changing trends and developments in the blockchain world. It is a fast-growing volatile space where you can reap a fruitful future if invested in the right way.
The three cryptocurrencies mentioned above show considerable growth over the next few decades and can be the token for your millionaire's future.