Top 5 cryptocurrencies to invest in right now

You’ve heard of cryptocurrency and maybe even of bitcoin, but what are the other cryptocurrencies? 

And more importantly, which ones are worth investing in? Here’s a list of 5 that you should consider investing in right now. 

We will look at their growth potential, the underlying technology, and why they may be good investments. 

To make things easier, we have divided the list into two parts; the first three are worth looking at if you want to invest and see short-term gains (1 year or less), and the second two are more long-term-oriented investments with 5+ years outlooks.

1) Solana (SOL)

Solana’s main goal is to be a high-performance blockchain that can handle thousands of transactions per second. It has launched its testnet, which allows developers to start building DApps on top of Solana. 

While many projects aim for mass adoption, Solana stands out as a promising project due to its focus on scalability and performance. 

These qualities will help it compete with other major blockchains like Ethereum and Bitcoin. If you want to learn How to buy Sol, check out the guide.

2) Ethereum (ETH)

Ethereum is much more than a digital currency. It’s an open-source blockchain platform with smart contract functionality. 

It’s also a programming language (Turing complete) running on a blockchain ledger for decentralized applications. 

The Ethereum network has its own cryptocurrency called Ether, which can be transferred between accounts and used to compensate participant nodes for computations performed. 

ETH uses a proof of work algorithm and can be mined as others like bitcoin. Therefore, if demand grows, so does the value of Ether!

3) Dash (DASH)

Dash is an altcoin offering a number of improvements on Bitcoin. Dash transactions confirm in less than a second, and each transaction costs just a few cents. 

Dash’s decentralized governance structure allows it to fund its own development while remaining stable and secure enough for everyday use by average consumers.

With clear leadership and a highly active community, Dash has many of the attributes that will make it one of cryptocurrency’s long-term survivors.

4) Monero (XMR)

Monero is one of my favorite coins. Monero aims to be completely anonymous and untraceable. 

It uses a unique algorithm called CryptoNote that makes it very difficult for anyone to trace transactions and balances. 

The system also relies on ring signatures, which allow each user of Monero’s blockchain technology to mix their funds with others, making it extremely difficult for them (or anyone else) to decipher where they spend their funds. 

Not only that, but its community is incredibly active.

5) Bitcoin (BTC)

Bitcoin is a cryptocurrency that was introduced as open-source software in 2009 by pseudonymous developer Satoshi Nakamoto. 

Bitcoin can be sent from user to user on the peer-to-peer bitcoin network directly, without the need for intermediaries. 

Transactions are verified by network nodes through cryptography and recorded in public distributed ledger called a blockchain.

Why invest in cryptocurrency?

With cryptocurrency becoming more and more popular, it’s easy to be overwhelmed. 

There are a lot of factors that go into deciding whether or not it’s a good idea to put your money into cryptocurrency, such as whether you can afford to lose it all and how you feel about potentially getting involved with crypto-mining operations. 

But one thing is certain: When you look at investing in cryptocurrency compared with investing in traditional stocks, or even real estate, the cryptocurrency looks pretty appealing.