Cryptocurrencies are becoming more and more popular every day. Many experts believe that they will completely replace traditional currency in the future. If you’re interested in getting into the cryptocurrency market, choosing the right coin to invest in is important. This blog post will discuss the top 8 cryptocurrencies for the future!
Let’s take a look at these cryptos.
Bitcoin is the most popular cryptocurrency, with a market capitalization of $186 billion as of April 2021. BTC is also the oldest and most established crypto, which gives it an edge over newer assets in terms of both adoption and security. While Bitcoin’s price is notoriously volatile, its long-term trend has been positive. Therefore, you mustbuy Bitcoin today.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third-party interference. Ethereum is the second-largest cryptocurrency by market cap, and it has been growing steadily in popularity since its launch in 2015. You should invest some amount in Ethereum.
Litecoin is a decentralized cryptocurrency that can be used to purchase goods and services. However, Litecoin has faster transaction times and a larger number of coins that can be produced. For these reasons, some believe that Litecoin may have more potential for growth in the future than Bitcoin.
Ripple is a digital payment network for financial institutions that allows fast, secure, and low-cost transactions. The native cryptocurrency of the Ripple network is XRP, which is used to facilitate these payments. Ripple has been designed to work with the existing financial infrastructure, making it a relatively easy way for banks and other institutions to adopt blockchain technology.
5. Bitcoin Cash
Bitcoin Cash was created due to a fork in the Bitcoin codebase. It is designed to be a more lightweight and fast version of Bitcoin, with improved transaction speed and scalability. While it has not yet reached the level of adoption of its predecessor, Bitcoin Cash is still a widely-used and respected cryptocurrency.
While it may not be one of the top cryptocurrencies right now, Dash has a lot of potential for growth in the future. One of the key features that sets it apart from other digital currencies is its focus on privacy and anonymity. With Dash, users can make transactions without revealing their identity. This makes it an attractive option for those looking to keep their financial activity private.
Cardano is a cryptocurrency similar to Ethereum, but it uses a different proof-of-stake algorithm. Cardano is also working on adding smart contracts and dapps to its platform. The team behind Cardano is very experienced and has been working on blockchain projects for years. You should consider Cardano in your investing list.
Monero is a cryptocurrency that focuses on privacy and decentralization. It is one of the few coins that have been around since 2014 and is still relevant today. Monero has a strong community behind it and is constantly innovating to make sure it stays ahead of the curve. Monero is a good investment for those who want to diversify their portfolio and are looking for a coin with long-term potential.
The Bottom Line
Cryptocurrencies are still in their infancy, but that doesn’t mean there isn’t great potential for them in the future. Keep an eye on these eight cryptocurrencies, as they have the potential to take off in the years to come. And also, to purchase cryptos you must use a reliable crypto exchange with a reasonable service charge, here is a recommendation of KuCoin Crypto Exchange, all the features and interface are perfect for newbies.
- Known as People’s Exchange, KuCoin is a top five crypto trading platform and is named as the best crypto exchange in 2021 by Forbes Advisor
- KuCoin offers high security, low fee with a friendly interface, KYC policy and customer support
- KuCoin is the biggest altcoin exchange, with 540+ assets and 960+ trading pairs.
- KuCoin is built for all classes of investors, offering trading bot, crypto lending services to beginners and margin & futures trading to advanced traders
- KuCoin is transforming into the first and biggest social trading platform in crypto. It launched social trading features such as copy trading, news feed, in-app community on KuCoin App to further boost the mass adoption of cryptocurrency
History & Background
Launched in September 2017, KuCoin is a Seychelles-based global crypto exchange. The platform’s technical architecture was created in 2013, yet it took years of polishing to make it a seamless experience KuCoin is today.
In November 2018, KuCoin announced $20 million (USD) round A funding from IDG Capital and Matrix Partners.
Known as “People’s Exchange”, it currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 8 million users in 207 countries and regions around the world.
According to CoinMarketCap, KuCoin is a top 5 crypto exchange. In 2021, Forbes Advisor named KuCoin as one of the Best Crypto Exchanges.
KuCoin offers a competitive fee structure starting from 0.1%. And it also offers multiple way to enjoy a lower fee. One way is to pay fee with KuCoin Token (KCS), which offers a 20% fee discount. Also, by holding KCS or increasing the trading volume, your VIP level will grow which gives you a lower fee.
For instance, a user with 2000 BTC monthly spot volume can enjoy 0% for maker and 0.07% for taker.
KuCoin Fiat Services
KuCoin now supports over 50 fiats such as USD and EUR from services like KuCoin Fiat Account, P2P market and third-party fiat onramps like Simplex and Banxa.
For European countries, KuCoin Fiat Account is the best choice as it offers a hassle-free experience with a fee lower than the industry average. And for countries like India and Vietnam, the P2P market is ideal as it offers 0 fee for buying and selling.