Investing Cryptocurrency
Which Cryptocurrency Should I Invest In?
A cryptocurrency is a medium of exchange, such as the US dollar, but it has no physical form and only exists digitally. Cryptocurrencies are classified as either being mined or pre-mined. Mined cryptocurrencies include Bitcoin, Ethereum, Tether, Binance Coin and pre-mined cryptocurrencies include Litecoin and Monero. Investing in cryptocurrency comes with many risks including the risk of hacking, the risk of fraud and the risk of losing your investment because you can’t access your crypto wallet (e.g., due to loss of password). To help you get your bearings, these are the top 10 cryptocurrencies based on their market capitalization or the total value of all of the coins currently in circulation.
- Bitcoin
- Cardano
- Ethereum
- TRON
- Solana
- Binance
- AVAX
- XRP
- Dogecoin
- Polkadot