Cryptocurrency has completely revolutionized the financial industry. A quarter of millionaires from the millennial generation admit to having a good chunk of their wealth invested in some form of cryptocurrency. Not only that, but hundreds of thousands of people from all around the world have started investing in digital currency, and furthermore, many investors are beginning to incorporate their bitcoin investments in future plans.
For those still not in the know, cryptocurrency is a digital asset, which is cryptographically encrypted, making counterfeiting a near impossibility. Most cryptocurrencies are decentralized assets, which means they do not fall under any central authority, like banks or governments, for example. This means that transactions made with cryptocurrencies are often not affected by fees or taxes. Cryptocurrencies also allow for a greater degree of anonymity and user autonomy, as transactions using cryptocurrencies are very difficult to trace.
Bitcoin is the most famous cryptocurrency on the current market, but it isn’t the only one. There are a number of cryptocurrencies that prospective investors can look into, and we will take a look at some of them and discuss their future.
Trading Sites
Crypto trading sites have played an important role in popularizing cryptocurrencies. These sites provide easy access to, user-friendly interface and place the utmost importance on the safety and security of users. Most trading sites are very simple and easy to use. All anyone needs to use these sites is to create an account. On top of that, these sites are able to be used on most electronic devices, such as phones, PCs, or tablets.
A website like the Immediate Edge app has proven its success, with hundreds of user reviews that express their satisfaction with the auto-trading platform. The success of the websites comes from its beginner-friendly interface and its use of artificial intelligence technology, which reads and predicts the crypto market’s fluctuations.
Now that we’ve looked at how people can trade and profit from cryptocurrencies, let’s take a look at a few of the popular cryptocurrencies on the market and discuss their future.
Litecoin (LTC)
Litecoin is a peer-to-peer cryptocurrency, which got its start in 2011 as a spinoff of bitcoin. It was created by former Google employee Charlie Lee, who later went on to become the Engineer Director of Coinbase, the biggest cryptocurrency exchange company in the world right now.
Litecoin’s blockchain is currently the biggest global network, which has been operating at 100% since 2011. From a technical perspective, Litecoin is virtually identical to Bitcoin. The current price of Litecoin sits at $261.69, with prospects for that number to grow in the coming decade
Ethereum (ETH)
Ethereum is an open-source blockchain that hosts the Ether cryptocurrency. Ethereum was conceived up in 2013 by a programmer named Vitalik Buterin. In 2014, the development of Ethereum was crowdfunded, and the next year Ethereum was officially released, with seventy-two million coins as its initial supply.
Ethereum is currently second only to Bitcoin, both in value and in popularity. As of 2021, the price of Ethereum is valued at over $4,250.58, with experts suspecting the price will only increase in the coming years. Some claim Ethereum will reach a record-breaking value of $10.000 by the end of the next decade.
It is worth noting that the Ethereum network supports non-fungible tokens, or NFTs, which is the main attraction of this cryptocurrency. NFTs offer greater security, as it provides ETH owners proof of their ownership of Ethereum.
Bitcoin (BTC)
We would be remised not to mention the most popular and profitable cryptocurrency on the current market. With an astonishingly high value of over $60 000, Bitcoin is definitely the king of cryptocurrency. Experts predict that Bitcoin will see a huge rise in market value by the decade’s end, as 99% of all Bitcoin will be mined, and a single token might possibly be worth half a million dollars.
