Top Cryptocurrencies to Invest in and Trade With NitroEX
The core intent of cryptocurrency is rather elementary- leverage technology to wipe out the middle-man in the course of financial transactions and make buying and selling commodities more efficient and less costly.
Powered by the blockchain technology, cryptocurrencies are being used to conduct and verify financial transactions without any requirement of central oversights. Owing to their unparalleled benefits, major industries, and public sectors across the globe have started acknowledging the bright future of cryptocurrencies.
However, to avail stupendous benefits from digital currencies and cash out unimagined profits, it is extremely crucial to start investing in cryptos. And deciding which digital asset to trade and invest in can be tedious. With more than 5000 cryptocurrencies to choose from, it can be difficult to analyze the explosive rally of altcoins and the possibilities of their big gains in the year 2020. In this guide, we, at NitroEx, are unveiling the most promising cryptocurrencies that you can seamlessly invest in.
Why should you invest in digital assets?
As compared to the fiat currencies, crypto assets are offering multiple advantages such as transparency, transaction speed, and lower fees. Being reckoned as the future of finance, these digital currencies have spiked monumental disruptive waves in the crypto world. While you might be considering investing in the digital market, here are some factual points as to why crypto trading is a good idea.
- No minimum investment barrier
- High liquidity support
- Crypto markets are functional 24x7
- Optimum transparency levels
- Crypto availability and diversification
- Lower transaction fees
Now that you’ve evaluated the benefits of crypto trading and investments, here are our top preferences to get started with it.
Bitcoin (BTC)
Without a doubt, Bitcoin is the most obvious and preferred cryptocurrency to trade and invest in. In the coming months, BTC is expected to become the direct beneficiary for accelerating the demand growth in the realm of digital assets.
Furthermore, the third Bitcoin Halving in May has created a direct impact on the supply influx and the number of new BTCs hitting the market. This has led to an upsurge of Bitcoin’s demand and interest while drawing public attention and media coverage. As long as this crypto asset continues to dominate the digital economy, institutions and investors will always gain from the high liquidity levels.
Bitcoin Price: 9,751.07 USD
Market Capitalization: 179,421,317,726 USD
Also Read: Bitcoin Halving: Optimizing Mining Efficiency With NitroEX
Ethereum (ETH)
Bitcoin might be the most sought-after cryptocurrency but Ethereum, by far, is the exceedingly influential digital asset in the market today.
To begin with, many cryptocurrencies might exude attractive opportunities but if we, at NitroEx crypto exchange, were to suggest one- we would definitely pick ETH. And the reason is evident: the Ethereum blockchain has facilitated countless projects to develop on top of it and is backed by a myriad of Fortune 500 companies such as Microsoft, Intel, JP Morgan, and many others.
While it’s improbable that Ethereum matches BTC rates, crypto analysts foresee a huge potential for this cryptocurrency network.
Ethereum Price: 243.82 USD
Market Capitalization: 27,146,070,675 USD
Ripple (XRP)
Ripple’s solid network and plausible technology are swiftly opening new doors in the sectors of international banking, commerce, and payment models. It is the primary infrastructure behind multiple cross-border cryptocurrency transactions and payments.
It is important to note that Ripple directly deals with the world’s top and biggest banks. Massive adoption of the digital asset by the banks positively impacts the XRP rates in the long run. With Ripple XRP, you can easily make payments to any part of the world in less than 4 seconds. It can handle 1500 transactions per second, making it a perfect candidate for major crypto investments.
As cryptocurrency awareness increases, more and more banks will partner with Ripple in the near future- ultimately leading to the XRP price surge.
Ripple Price: 0.202315 USD
Market Capitalization: 8,924,689,403 USD
Litecoin (LTC)
Litecoin is another major cryptocurrency that you should consider investing in. When it comes to payments, LTC is one of the most affordable and fastest-growing digital assets in the digital world.
Compared to other market-rich cryptocurrencies, Litecoin furnishes huge potential at a lesser price. With each currency trading for less than $100, it gives a wider number of crypto investors with an opportunity to jump in the digital market trading.
Because of its technology-forward profile, LTC is being adopted by the world’s high-yielding industry sectors, thus, giving it a broad path for trading and investments.
Litecoin Price: 45.95 USD
Market Capitalization: 2,980,080,956 USD
Cryptocurrency trading with NitroEx
Cryptocurrencies are unlike any other trends that the world has ever witnessed before. It devises an opportunity where crypto traders and investors can transform a fistful of dollars into thousands and millions of dollars.
At NitroEx crypto exchange, we leverage a highly-secure and reliable trading platform where digital enthusiasts can easily buy and sell cryptocurrencies. Embedded with live market insights and professional support, we enable you to trade with a wide range of cryptocurrencies that are available on our platform.
If you put confidence in the blockchain technology and have made your cryptocurrency preference, feel free to share your feedback with us or reach out to us at support@nitroex.io
