Top 8 Cryptocurrency To Invest

Cryptocurrency To Invest

Hey guys!. In this post, I’ll be discussing a list of Top 8 Cryptocurrency To Invest. Whenever we pick a stock for investment So we check that it is the stock that is holding the value of the company and how is the performance of that company. We check the balance sheet of the company, such as how much profit is increasing how much revenue is being generated, along with sales, we also check their intrinsic value. We do proper fundamental analysis before investing in any stock What to check before investing in cryptocurrency and How to know which crypto is fundamentally strong or not, this is what I am going to tell you in this post. So let’s get started.

1. Bitcoin

Now what was our first system of payment i.e. currency had many flaws in it as its control which is in the hands of the bank and in the hands of the government. So it does not remain in the hands of the control bank or any third party, so this cryptocurrency was created on decentralization which is called bitcoin. In one country, it has also been considered legal tender. Now it is being said that Brazil is also coming up with law through which it will be able to consider bitcoin as a legal tender. Apart from this, friends, because its market cap is very high, it is the number one cryptocurrency, if bitcoin increases then another cryptocurrency also increases, if bitcoin decreases then another cryptocurrency also decreases. It was started after the financial crisis of 2008 to decentralize the finance world so that its control is not in the hands of banks or the government.

2. Ethereum

Ethereum is the second-largest cryptocurrency with a market cap of $399 billion. Ethereum provides a platform where you can build your own blockchain and build your own decentralized application. Using Ethereum's technology, more than 280,000 coins have been created, many cryptocurrencies are made using Ethereum's platform. The aim of Ethereum is to decentralize the Internet. By using Ethereum's blockchain you can create your own application, finance, NEFT, gaming, you can decentralize all industries. Ethereum also has some issues viz. Ethereum is very slow, 15 transactions a second, bitcoin 7 transactions a second and there are too many alternatives to Ethereum coming. Gas fees on Ethereum are also very high. Because of this, developers are shifting to alternatives to Ethereum. Ethereum also has some scalability issues.

3. Solana

Solana is a new cryptocurrency that was launched in 2020 only to solve the issues of scalability, slow speed, high fees of Ethereum And it is growing very fast, its transaction speed is very fast 65000 transactions per second. It's also cheap and solving its scalability issues 

4. Polkadot

Polkadot is a multichain protocol working on the cross-chain transfer of data. Polkadot is also working on the possibility of transfer between public and private change. The polka dot is started only by the founders of Ethereum, you can create applications. Also solves Ethereum's scalability issue 

5. Chainlink

Chainlink, it is also solving the real-world problem. That's why I picked it up and it has also created a monopoly in its industry. Friends, this is the cryptocurrency which is the blockchain, and the system which is providing the real-world data to the rest of the coins. More than half of blockchain cryptocurrencies are using outdated technology for data storage. Old information that is real-world information has to be brought on the blockchain. So it is working Chainlink and how does that information come, so only coders like you and us bring that right information, then they get Chainlink in reward. Who can provide information to those who have a stake in Chainlink Those stakeholders who have taken a stake in the chain link can become the validator. And the same validators provide the right information. Then Chainlink provides the same right information to all the rest of the cryptocurrencies in the real world. Chainlink is providing service to most of all cryptocurrencies in the world, providing real-world data And I have picked Chainlink because the job they do is unique. Not many other cryptocurrencies are doing this and they have created a monopoly in their industry to connect the blockchain to the real world. 

6. Cardano

Cardano is on my list of top ten cryptocurrencies. And this is also the Ethereum killer and it is a long-term coin And all the stakeholders they have means 70% stakeholder which they have held means they are long term.

7. Vechain

The seventh cryptocurrency is Vechain working in the supply industry and it is the number one cryptocurrency in this industry It wants to decentralize the supply industry using Blockchain i.e. it has a monopoly in this industry. 

8. Matic Polygon

Matic Polygon which is an Indian startup. And he has also done projects for big companies and the Indian government. This is also an Ethereum killer. Its speed is fast, cheap and it solves the scalability issue of Ethereum.

That is it from today’s post on Top 8 Cryptocurrency To Invest. If you do not agree with the points in the post and have some of your own opinions, share them with us in the comments section down below.

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Chandan is the writer of “Top 8 Cryptocurrency To Invest”. Also, Connect with me on youtube.

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