Since the advent of investment in digital financial sectors, cryptocurrencies have made headlines. For more than a decade now, the rapid growth in tech-based investment sectors has opened a new dimension for traders who are literally awe-struck by the innovation. Cryptocurrencies have gone hand in hand with traditional assets and have gained worldwide popularity.
These currencies have also marked their presence in sectors beyond investment. They are being used for personal entertainment purposes also. They do not include the rigidity of banks and have made trading easier and faster. Volatility was a major concern since the market is still in its infancy owing to the years active. However, they themselves have come up with solutions that will reduce the chances of volatility. The Bitsoft 360 app gives you an easy access to explore the best cryptos and invest in it hassle-free.
TOP FIVE CRYPTO COINS TO INVEST IN –
Beneath lies the list of top five cryptocurrencies that have proved themselves to be money spinners and are attracting traders from all over the world –
1. BITCOIN
The oldest as well as the largest cryptocurrency in the world. Bitcoin holds a market cap of 447 billion US dollars. Bitcoin is also one of the safest to invest in a bear market. It has witnessed several ups and downs since its inception and has come up with a bang each time. There are certain investors who leave the majority of their job in the hands of time. They go for long-term investments. Bitcoin is the only feasible solution. It becomes a potential asset to add up to their portfolios.
2. ETHEREUM
Ethereum is competing strongly with Bitcoin. It is also the second largest cryptocurrency, only after Bitcoin. This is also a long-term investment cryptocurrency. The best returns can be experienced if the tokens are invested for more than a substantial amount of time.
3. TAMADOGE
The year 2021 has witnessed a bear market in tech-based investment. The tamadoge currency is the latest addition in the sector pertaining to meme coins. But, this currency has emerged to change the perceptions related to the working of meme coins. It has been able to do so by providing services of actual utility for its holders. There are also certain other services available for the players. They can also buy toys and food items for their pets from the store.
The Tamadoge store also brings its players a wide range of customized items for their pets. The revenue collected from the store’s sales portion is split. Around five per cent of the total revenue generated from the sales segment is used to burn the $TAMA. This makes it a deflationary meme coin. Out of the remaining amount, a big share of around sixty-five per cent is sent for the monthly prizes at the Dogepool. Then remains thirty percent is used in marketing and processes related to development. Tamadoge pallowsits users to enter at discounted prices and make big profits
4. BATTLE INFINITY
For people who are etched to a fantasy sports league, Battle Infinity is the best place to invest in. This platform is a decentralized platform. Battel Infinity offers its holders an ecosystem that is virtually created for play-to-earn (P2E) characteristics. It also provides for monetary awards in the form of Crypto Tokens. The IBAT tokens are being used as in-game awards and for advertising on the Battle Infinity platform with this digital asset. IBAT is a multi-utility token that can be exchanged with other cryptos on the arena of battle swap. This currency is attracting game addicts as well as traders.
5. LUCKY BLOCK
Lucky Block is also a decentralized network. This functions as competition on NFT platforms. NFT collections tend to be minted out on the platforms. Users are able to participate in the weekly draws by having hold of NFT collections. There have been instances where the investors have potentially won up to 50,000 US dollars. The advent of the new ERC20 token and the rewards generated by NFT makes Lucky Block one of the top cryptocurrencies to invest in the market today.
CONCLUSION
This was an overall view of the top 5 cryptos that can be invested in at the present market. However, following market conditions and the leaders’ strategies are a must to avoid volatility and earn maximum benefit. Also, diversification is important while selecting the right genuine platform to avoid scams.
