Which are the best Cryptocurrencies to invest in during Cryptopia? The question of course is answered by how one measures up to the competition and decides if they have what it takes to be called the Best Cryptocurrency. But of course, how one measures up is also influenced by their research and assessment as well as their own personal taste and perception. Let us then take a look at some of the top Cryptocurrencies that have been voted as the Best Cryptocurrency by most of the professional analysts and investors.
Namely, we will look at Dash, Monero, Doge, and NEM. Of these, Dash is by far the most popular and fastest growing Cryptocurrency in the world today. It has achieved this status because of its low transaction fees and its ability to work in different platforms such as Windows, Linux, and Mac.
Dash has an average daily trading volume of 5 million dollars and is traded almost entirely on the Githop trade platform. They use the old school method of “Dining on the Market” and do not rely on any particular market for their trading. They believe that the best way to invest is to have a healthy awareness of what’s going on in the market around the clock and react accordingly.
As for Monero, it too was voted as the Best Cryptocurrency to Buy in the last year’s poll. This time, the choice was for NEM which is rapidly gaining in popularity. It was judged by the panel of experts as being relatively safe as well as having good potential. Its market value is based on the Euro and the Japanese Yen. It trades very modestly compared to other leading cryptocoins.
Doge, on the other hand, was chosen as the Best Cryptocurrency to Buy. It trades very little and is valued mainly on its social media presence. It was rated a strong Buy. The reason for its strength lies in its low market price, a factor that is hard to measure. However, Doge does have an active and vibrant community on the Internet and therefore is one of the few to have truly mainstream appeal.
One other cryptocoin to feature very highly in this poll is Dash. It was judged by the panel of experts as being well priced and easy to understand. Its market value is based largely on Dash’s revenue model – a sort of peer-to-peer lending done in the form of an investment program. It trades a lot like Litecoin.
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So, there you have it. I hope you learned something. In time I will post another part in which I will discuss the different ways people can use these cryptocoins to make money. Until then, please consider all the possibilities above and decide which ones you think are the best. Now go get them and start using them!
If you would like to learn how to invest in cryptocoins, please follow the link below. It will take you through the process step by step. And remember, the best ways to make money are always the simplest!
Note: There is no software program that will automatically turn you into an expert in this field overnight. Be patient and educate yourself with the best methods. The goal of this article is simply to give you the basic foundation knowledge and hopefully you will find it useful in the future.
One thing that you should know if you want to get involved in this business is how to protect yourself. This is critical because in this industry anyone can make false claims. So, if you see a website that claims you can double your money in a week, don’t listen to it. This is not possible.
Another thing you should know is where to find good information on any topic. The web is filled with sites claiming to give you the holy grail, but I have yet to find one. The best way to make informed decisions is to do a lot of research and read books.
Lastly, you should be open to change. Don’t be afraid to try something new if it works. Cryptocurrencies are changing rapidly. If something doesn’t work for you, don’t be afraid to give up and move on.
Hopefully you now know the basics and how to spot the scams from a legitimate opportunity. Now it is time to go out and start learning how to make money. It really is as simple as that. Good luck!