Cryptocurrencies are an exciting and rapidly developing sector in which investors can make handsome profits.
But with so many to choose between, what is the best cryptocurrency to invest in?
That can be a difficult question to answer as there are many cryptocurrencies out there which have great potential.
A much better way to approach the issue is to compile a list of cryptocurrencies which have solid fundamentals and belong to the top 20 in the crypto market in terms of total market capitalization.
It’s a good idea to diversify your holdings between a mix of transaction payment coins, blockchain service coins, and utility coins.
So here’s a top ten list of cryptocurrencies to invest in. All these coins are represented in the top 20 cryptocurrency coins by total market cap.
1. Bitcoin (BTC)
Bitcoin is the cryptocurrency everyone has heard of and it still occupies a prime position in terms of trading volume and total value. Everyone who invests in the cryptocurrency sector should hold at least some of their capital in BTC.
Bitcoin also serves as an entry and exit currency for trading in most other cryptocurrencies or altcoins as they're sometimes called, so BTC is a currency you’ll definitely want to hold.
2. Ethereum [ETH]
Next to Bitcoin, Ethereum is the world's second-biggest cryptocurrency. Although there are up-coming competitor currencies, it's still the leader in the distributed applications and smart contracts sector and so it’s a currency you will want to include in your portfolio.
3. Litecoin (LTC)
Often known as "the silver to Bitcoin's gold" Litecoin is a long-established altcoin. LTC has the advantage of very fast transaction speeds and low payment fees.
4. Monero [XMR]
Monero is the leading "privacy coin" which is designed to protect the anonymity and privacy of transaction parties.
5. Ripple [XRP]
The Ripple coin XRP serves as an intermediary token to facilitate inter-bank and financial services provider transactions. Interest and take-up of this coin among the financial services sector continue to increase which means this coin has a promising future.
6. Basic Attention Token (BAT)
BAT or Basic Attention Token is a so-called "utility token" used with the Brave Web browser. The idea is for BAT to be used to pay browser users for viewing ads and content.
7. Binance Coin [BNB]
BNB or Binance Coin is the official token of the highly successful Binance cryptocurrency exchange. BNB is widely tipped to see enormous growth in value in the future.
8. Tron [TRX]
Tron is designed to facilitate content sharing via the blockchain and provide a system for content providers to be paid. The aim is to help enable the spread of data without restrictions or limits.
9. IOTA (IOTA)
IOTA is another utility coin but is focused on serving the needs of the rapidly developing Internet of Things or IoT. IOTA transactions are zero-fee and its blockchain network has the potential to process a very large volume of transactions.
EOS is a blockchain-based decentralized operating system designed to run decentralized applications. It's currently the fifth biggest cryptocurrency in terms of total market capitalization.
Good luck with your cryptocurrency trading!