Discover the 2017 Top 10 Cryptocurrency to Invest In
Cryptocurrencies have taken the global financial world by storm in recent years, and it’s not difficult to see why. The decentralization of these digital currencies has made them highly secure and more resistant to hacks and other breaches, thus attracting more investors to this market. However, with so many options available, it can be challenging to determine which ones are worth investing in. In this article, we have compiled the top 10 cryptocurrencies to invest in 2017.
#1 – Bitcoin (BTC)
Bitcoin is the most widely known and used cryptocurrency in the world. It is secure, transparent, decentralized, and is the most valuable cryptocurrency by market capitalization. Bitcoin has seen dramatic price increases in recent years, making it an attractive investment option.
#2 – Ethereum (ETH)
Ethereum is a decentralized platform that allows the creation of smart contracts and decentralized applications (dapps). It has a market capitalization of over $19 billion and is the second most valuable cryptocurrency. Ethereum has shown tremendous potential and is a great investment option.
#3 – Ripple (XRP)
Ripple’s technology allows the transfer of money across borders instantly, cheaply, and securely. Unlike Bitcoin and Ethereum, which prioritize decentralization, Ripple aims to work with existing financial institutions and regulators while at the same time creating a standard for frictionless, fast, and inexpensive global transactions.
#4 – Litecoin (LTC)
Litecoin is a peer-to-peer cryptocurrency based on blockchain technology. It is faster than Bitcoin and has the ability to process more transactions. Litecoin is also referred to as the digital silver, while Bitcoin is known as digital gold. Litecoin’s market capitalization is currently over $8 billion.
#5 – Dash (DASH)
Dash is a digital currency that puts emphasis on privacy and security. It was created as an effort to improve upon Bitcoin’s code and address its shortcomings. Dash has the potential to become a significant player among cryptocurrencies.
#6 – Monero (XMR)
Monero is a decentralized, private cryptocurrency that places a strong emphasis on privacy and anonymity. Monero transactions are virtually untraceable, and special attention is placed on the privacy of users. Its market capitalization has been showing consistent growth and is currently over $3 billion.
#7 – NEM (XEM)
NEM is a peer-to-peer cryptocurrency and blockchain platform that was launched in 2015. Its transaction speeds are faster than Bitcoin and Ethereum, and its blockchain architecture is incredibly secure. NEM has an impressive market capitalization of over $1 billion.
#8 – Stratis (STRAT)
Stratis is a blockchain platform that allows developers to create decentralized applications and custom blockchain solutions. This platform also offers features that enable businesses to create their own blockchain solutions easily. Stratis has a market capitalization of over $1 billion.
#9 – Zcash (ZEC)
Zcash is a privacy-focused cryptocurrency that is built on top of the Bitcoin protocol. It employs zero-knowledge proof cryptography to ensure that transactions are completely private and untraceable. Zcash has a market capitalization of over $800 million.
#10 – Bytecoin (BCN)
Bytecoin is a private and untraceable cryptocurrency that was first introduced in 2012. Bytecoin transactions are fast, cheap, and secure. Its market capitalization is currently over $500 million.
In conclusion, cryptocurrencies have become a legitimate investment option, and investing in them can be highly profitable if done right. While this list highlights the top 10 cryptocurrencies to invest in 2017, it’s important to do your own research, understand the risks involved, and invest wisely. Cryptocurrencies remain highly volatile and can easily experience sudden and dramatic price changes. However, with the right knowledge and investment strategy, investing in cryptocurrencies can be a highly lucrative venture.
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