There are several cryptocurrencies in the market that are attracting a large number of investors from all over the world. The entire market has been expanding in recent years and investors have been searching for different options in order to increase their profits over time.
As Bitcoin (BTC) offered a great opportunity for investors and traders a few years ago, many other investors are now trying to catch the top 5 most attractive cryptocurrencies in the market. In this guide, we will be sharing with you which are the top 5 most attractive cryptocurrencies available right now.
Disclaimer: All the information provided in this article shouldn’t be considered investment advice and by any mean you should make any decision following this guide. Cryptocurrencies are very volatile. You should never invest more than what you are able to lose. Before investing in cryptocurrencies contact a professional financial advisor.
Top 5 Most Attractive Cryptocurrencies
Litecoin (LTC) is one of the most popular and attractive cryptocurrencies you could acquire in the market. This virtual currency has been operating in the space since 2011 and it has attracted a large number of investors over time.
This cryptocurrency is great for making transactions due to the low fees and high liquidity it has. At the same time, it allows for faster transfers than using Bitcoin or Ethereum (ETH). The team behind this cryptocurrency is also working in order to make it more private with a unique implementation of MimbleWimble.
In this way, Litecoin will be the largest cryptocurrency in the world with privacy features to protect users from being traced. Furthermore, Litecoin is being accepted in a wide range of shops and places all over the world and the coin can be certainly used as a testnet for Bitcoin’s implementations.
While Ethereum is also a recognized and established cryptocurrency, there are many things about it that could push it into new highs in the future. For example, the expansion of the Initial Coin Offering (ICO) market in 2017 helped ETH to reach all-time highs in January 2020.
Now, the Decentralized Finance (DeFi) market is moving forward and it could help the virtual currency to continue growing. Ethereum is now the second-largest cryptocurrency in the world, showing that it became very important for the entire market and the cryptocurrency industry.
As the DeFi market grows and attracts new users and investors, Ethereum could be certainly benefited. However, there is also a risk if the industry is not mature enough. It could become a new bubble or it can still be flawed due to bugs and lack of standardization, which could result in unwanted losses.
Cardano (ADA) is also one of the largest and most popular cryptocurrencies in the market. Created and launched in 2017 by a group of experts and led by Charles Hoskinson, this virtual currency is now one of the top 5 most attractive cryptocurrencies in the world.
There are many things about this digital currency that are pushing investors towards acquiring this coin. One of the most important things is the Shelley development and release, which will make Cardano one of the most decentralized digital assets in the world.
Moreover, with the Shelley implementation, it will be possible for users to stake ADA tokens and get rewarded for their stake in the network. This is going to be very positive for ADA, which is already pushing its price higher – it has recently surpassed Binance Coin (BNB) and it could soon grow above Litecoin.
Although this is not one of the most popular digital assets it is certainly a revolutionary virtual currency. Currently, Decentraland (MANA) is the 100th largest cryptocurrency in the world offering users the possibility to acquire blockchain-protected and secured land.
The land you acquire in the Decentraland world is backed on the Ethereum network and it makes you the owner of a piece of virtual land, as no other project has ever developed.
Several companies in the cryptocurrency market such as Binance and Tron have invested in virtual land using Decentraland. Thus, in the future, it can become a great place to buy and sell blockchain-based virtual land.
This cryptocurrency is used in the Crypto.com ecosystem and it has been growing over the last months reaching new highs. Crypto.com is currently offering a large number of solutions in order to expand the usage of virtual currencies around the world.
In the future, the CRO virtual currency could continue growing as the Crypto.com ecosystem expands. This is why we consider that this is one of the top 5 most attractive cryptocurrencies currently available in the market.
At the time of writing this post, CRO is the 11th largest virtual currency with a valuation of $2.25 billion.