Since its creation in 2009, Bitcoin has revolutionized the digital financial markets. By enabling peer-to-peer payments through the blockchain technology, without any interference from intermediaries, it set into motion a unique way for people to transact.
The popularity of Bitcoin led to the launch of several other digital currencies. Their numbers are in thousands now, each with a different purpose, innovations, and capacities.
While it is difficult to choose ‘one’ best crypto, here is an overview of some of the most popular cryptocurrencies that you can invest in.
The original cryptocurrency has surpassed everyone’s imagination. The first digital asset ever to be launched is almost a household name now with several Fortune-500 companies adopting it. In fact, it has outpaced the growth rate of the Internet and is owned by millions of investors. Countries like El Salvador and Paraguay have even adopted it as their legal tender.
It is one of the most liquid investments and is not affected by inflation risk. Before investing in Bitcoin, check the BTC to INR prices.
- Ethereum (ETH)
Ethereum goes much beyond just a cryptocurrency. It is a world computer that runs decentralized applications. Ether (ETH) is the network’s native currency that is used to make payments for using the platform’s applications and processing the transactions. Ethereum also supports smart contracts, something which Bitcoin doesn’t. These smart contracts host several innovative gaming, financial tools, and music applications, making it one of the best cryptocurrency to invest in.
Ether is the second-largest crypto in the world, outranked only by Bitcoin. It hosts the most valuable NFTs (non-fungible tokens). Ethereum is also one of the most liquid digital currencies in the world and has ridden over some of the most volatile phases of the crypto markets.
- Lucky Block (LBLOCK)
The global lottery industry is valued at almost $330 billion. Lucky Block is a new platform that aims to simplify this industry and make it more transparent. It helps do away with the interference of lottery operators through the power of blockchain technology.
It allows for the winners to be randomly generated and offers low-cost transactions. It is soon launching its desktop application that will enable better global penetration.
- Sandbox (SAND)
Sandbox is an exciting ecosystem that allows gamers to not just create new games but also connect directly with their users to monetize their content. All this is done with the help of NFTs (non-fungible tokens). Sandbox also provides a specialized tool known as Game Maker. This allows players to engage with one another and build communities.
Over the last year, Sandbox’s valuation increased by more than 11,600% and is expected to increase even more as gaming gets more popular. It has attracted partnerships from the topmost names in the gaming industry such as Atari, Galaxy Interactive, and Adidas.
- Tron (TRX)
Tron is one of the largest and most popular open-source blockchain platforms. It employs smart contracts to create decentralized applications. It was created primarily to restore the ethos of the Internet- that of being a free and open network. It allows content producers to interact directly with the people who consume their content without the interference of media platforms.
Tron, in the coming year, is all set to become a global entertainment system that is open and free for all, transparent, and secure.
After close analysis of these digital currencies, we believe all of them are worth keeping an eye on. However, you should know that the crypto market is fraught with swinging sentiments and price volatility. To help ride over these, you can trust platforms like Coinswitch to offer unbiased and updated information.