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Bitcoin or Cardano? Know the best cryptocurrencies to invest




SIf you are thinking of investing in cryptocurrencies, the first point to keep in mind is that not all these digital currencies have the same advantages and characteristics.

Knowing how to invest in cryptocurrency is not difficult as long as you follow some basic recommendations to do so. First of all, you should know that these products are digital financial assets, that is, it is intangible money. They are exchanged through an online ledger, in which all parties must give the go-ahead for the transaction to be completed. This technology is called “blockchain” and supports its operation.

This type of currencies are characterized by the fact that they work in a decentralized way and, therefore, they do not depend on any government or central bank. They are immune to inflation, just as if they were real assets (such as gold or real estate).

Blockchain boom predicts further consolidation of virtual currencies and also the arrival of more and more investors (even governments have already started buying these assets). These are the four cryptocurrencies with the most market capitalization:

Bitcoin

Without a doubt, Bitcoin could not be missing from the list of cryptocurrencies to invest in. Just a few years ago, this token was worth around $ 1,000 and in 2021 it surpassed the $ 50,000 barrier at a certain point.. Due to its evolution, everything indicates that Bitcoin will continue to be among the best cryptocurrencies to buy and keep in your product portfolio.

Also, you can find this digital currency on the platforms of trading most popular, so obtaining them will be relatively easy. It is a type of anonymous and offshoring investment that uses blockchain technology to guarantee its security.

Ethereum




It is another of the most prominent digital currencies and it would only be surpassed by Bitcoin if we look at its capitalization and prestige.

As with Bitcoin, Ethereum in 2021 marked its all-time high with a price close to $ 4,000 when just two years ago it barely reached $ US500. A very interesting progression that should not be overlooked if you are looking to invest in it. currency.

Cardano (ADA)

This ‘blockchain’ that maintains a cryptocurrency called ADA (although it is usually known by the name of the parent company) has in recent days become the third largest cryptocurrency in the world by market capitalization reaching close to 40,000 million. And its success does not stop there, since its growth rate is higher even than that of bitcoin.

The price of cardano has skyrocketed 2,500% in the last year. Of course, it is very far from the big rivals in the market, right now you can get an ADA for $ 1.30.

Ripple

This coin has achieved less profit in the last quarter of the year, but it has great potential, since it is based on a technology that allows faster transactions than Bitcoin.

To buy cryptocurrencies you can do it in several ways, on the one hand, you have the market peer-to-peer (peer-to-peer network), is the most common for the most experienced, and on the other hand there are national exchanges, which are secure platforms, but which will charge a commission, or you can do it on international platforms with any credit card.

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TAMMY SEWELL
Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: Tammy@oicanadian.com Phone: +1 513-209-1700

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