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Cryptocurrency trading has become quite popular. Crypto currency has gained the fascination of the normal people after their astronomical rise. These days, people are often searching for top 5 cryptocurrencies to trade. If you look at the options among crypto currencies, there are quite a few of them. The problem is that most of the people do not have the technical knowledge required to understand crypto currencies. If you are blindly investing in any crypto currency thinking that all of them would appreciate, you would lose your money. That is where you have to be very selective when it comes to cryptocurrency trading.
We would today solve this problem for you. We would highlight top 5 crypto currencies to trade. Thus, instead of going through all the crypto currency options available, you would have a ready-made choice of crypto currencies in which you can invest.
Bitcoin is the most popular cryptocurrency. If you want to start with crypto currency trading, you should definitely look at the option of Bitcoin. Also, it is highly liquid as well. Normally, on a usual day, there are at least $ 3.8 billion which are traded in Bitcoins on a daily basis. This ensures that you would not have any problem with liquidity. Also, since quite a few months, the value of Bitcoins has been rising consistently.
Also Read: Bitcoin for Beginners and Dummies
Ethereum has also become famous after its astronomical rise from $ 12 a coin to more than $ 300 per coin.
Owing to this very reason, many people are opting for trading in this particular crypto currency.
The market cap of litecoin is currently is 230 million. Owing to this very reason, it is one of the largest crypto currency in which you can trade in.
Also, the trading volumes are pretty high as well.
Owing to the lower price as compared to some of the other cryptocurrency options, it is one of the best choices which you have.
Monero is an altcoin which is specifically designed to increase the security as well as the anonymity while sending and receiving payments.
The market cap of Monero is around $ 100 million. This ensures that the potential to appreciate is immense.
Ripple is a protocol having the currency XRP. Owing to the Ripple technology being used by banks as well as other financial institutions in order to send and receive money, the price of XRP is expected to increase significantly. Currently, it is the 3rd most valued cryptocurrency. That is why, if you’re looking for the crypto currency with most potential to appreciate, this one would be it.
So, when you’re looking at top 5 cryptocurrencies to trade, these are the 5 options which you should always be looking at.