Cryptocurrency is revolutionizing the financial system around the world for the better through decentralized peer-to-peer payment operations and algorithms.
Many experts suggest holding around 10% of your investment portfolio in cryptocurrency assets primarily because the benefits of being involved in crypto outweigh the risks and downside if you’re safe about it.
So what crypto’s should you invest in? Well, it’s ultimately up to you; however, here are a few ideas.
Bitcoin (BTC) is the biggest cryptocurrency by market capitalization value. It uses peer-to-peer technology and can exist without the need for central authority or banks. A network powers transaction verifications and the issuing of Bitcoins.
Bitcoin’s value proposition is digital gold since transactions are slower than other cryptos. The available supply is capped at 21 million Bitcoins, creating a sense of limited supply, creating demand.
Ether (ETH) is a cryptocurrency that runs on the Ethereum blockchain network. This Ether currency acts like a fuel that allows smart contracts to flow seamlessly across the mining network.
Unlike Bitcoin, there is no max supply, so Ether’s value proposition is more of a global computer since most decentralized applications are hosted on the network. These applications have created an early digital economy, and the pace of development doesn’t seem to be slowing anytime soon.
Cardano (ADA) has been developed to offer a unique solution to the standard scaling and securing blockchain network problems that some cryptocurrency technologies face. The developers are building a sustainable future by bridging the gap between global solutions and global issues.
As of right now, what can use Cardano’s cryptocurrency for direct value transfer; however, the network is anticipated to begin using smart contracts in the near future. Their value proposition is also a digital computer with a max supply of 45 billion ADA.
Having exposure to your favorite crypto projects and developments not only makes you an early adopter in the financial ecosystem of tomorrow but may also benefit your net worth over the long term.