Top Cryptocurrencies That Are Worth Investing In

As an investor entering the cryptocurrency market, you have a lot of options to choose from. In the last 11 years, the rate of growth in the industry has been explosive.

Which is why there are more than 5000 different cryptocurrencies available today. Shocked right?

The crypto space is all about solving problems through blockchain-based applications. So, every project fills a specific need gap in the real world, and every digital asset is a tokenized representation of the project's purpose.

This means that you have to do your due diligence in selecting the cryptocurrency(s) in which you want to invest. You can do that or you can check out the carefully curated list below:

Bitcoin (BTC):

Bitcoin is the cryptocurrency that started it all. Invented by the anonymous Satoshi Nakamoto in 2009, bitcoin was a response to the then surging Great Recession. It's objective is to democratize finance and let people take control of their own money.

The above narrative slowly started taking shape with an increasing number of investors buying bitcoin. So, much so that the cryptocurrency accrued a $20,000 price in December 2017.

According to data from CoinGecko, bitcoin has generated an ROI of 137% for investors from 2013 to date. Talk about handsome profits, and here's a clear winner.

Apart from this, major Wall Street firms like the Chicago Mercantile Exchange, Chicago Board Options Exchange started offering bitcoin futures trading to institutional investors.

Last year New York Stock Exchange's parent firm, the Intercontinental Exchange also started offering it's bitcoin futures products to investors. Earlier this year billionaire hedge fund manager, Paul Tudor Jones announced his decision to invest in bitcoin.

Ethereum (ETH):

Ethereum came 6 years after Bitcoin in 2015. Vitalik Buterin originally conceptualized and developed Ethereum as the world's first open-source programmable blockchain.
Programmable means that anyone can create applications on the network. It is exactly similar to creating software for Windows, Mac, Linux, or the web.

This is the feature that spurred 2017's ICO boom. Also, it made Solidity, Ethereum's native programming language the most popular choice for developing blockchain-based applications.

Ethereum's native cryptocurrency, ETH is a very popular investment choice amongst crypto investors. So much so that it is now the second-largest digital asset in the market. Also, due to the project's numerous corporate partnerships, the crypto token is considered pretty valuable.

ETH investors reaped an ROI of 3400% from their investments made in 2015 till the mega cryptocurrency rally in 2017. Even after 5 years since its inception, ETH remains a pretty robust and rewarding crypto asset. It is a must-have in your cryptocurrency portfolio.

Ripple (XRP):

Ripple started in 2012 as a San Francisco based fintech company. The company's proprietary offering, RippleNet is a currency exchange system for banks and other financial institutions.

RippleNet's ecosystem of financial firms and payment processors runs on a decentralized ledger/network called the XRP Ledger. The cryptocurrency XRP powers all transactions on this network.

To facilitate a large exchange of monetary value, RippleNet participants can access an additional service called On-Demand Liquidity. Due to the novel nature of this arrangement, over 200 banks across the world have signed up for RippleNet.

XRP too is a popular cryptocurrency as far as investment is considered because of three reasons. First, is the crypto token's price. Because of it's nominal value, XRP has found a lot of takers, who hold it for long periods.
Secondly, RippleNet's growing list of financial customers automatically imparts value to the crypto asset, as XRP is the protocol's primary medium of exchange.

The final reason is XRP's transaction speed. Amongst all cryptocurrencies, it is one of the fastest and can serve as a great alternative for peer-to-peer payments. Transactions usually happen in 3-5 seconds.

Ripple's token is currently the 4th largest digital asset by market size, and has a maximum supply of 100 billion, out of which 44 billion are in circulation.

WazirX Token (WRX):

Just like all other cryptocurrencies, WRX too is a crypto asset. It is WazirX's native digital asset and will have a maximum supply of 1 billion coins.

The leading Indian crypto exchange which was recently acquired by Binance has a plethora of benefits lined up for holders of WRX. Especially early holders.

WazirX is already the most popular exchange amongst Indian crypto traders and investors. Over time as it gains more prominence, WRX token's value will rise substantially, along with its utility and liquidity.

These were some of the top cryptocurrencies that you can consider investing in. But for investing you need to start by deciding to buy a cryptocurrency first.

Now, you must be wondering where to buy your cryptocurrency from? WazirX, mentioned earlier is a holistic platform with scores of crypto purchasing options. To get started check out the link below: https://www.youtube.com/watch?v=UjpVeDhEwoU

Also, you can download app and Start Trading Now!

WazirX Android App - Buy Bitcoin & Cryptocurrency Exchange