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While Bitcoin is the headline digital currency for many crypto enthusiasts, the thriving crypto market for all sorts of other digital currencies is much bigger. In addition to Bitcoin, there are many other blockchain technology-based cryptocurrencies such as Ethereum whose price doubled in thirteen months from December last year to January this year. In addition to Bitcoin and Ethereum that rule the crypto market, Litecoin, Ripple, NEO, Polkadot, and Cardano also fall into the category of the most important, most traded cryptocurrencies.

All cryptocurrencies and all crypto markets are fully decentralized so they are not governed by any kind of central authority such as fiat currencies. Instead, cryptocurrencies are stored in a digital form on a blockchain and there is only a digital trail and record of their ownership. Just like cryptocurrencies, crypto markets are also decentralized so everything that happens on the market happens digitally with cryptocurrencies being bought and sold across different cryptocurrency exchange platforms.

Crypto Market Continues to Grow

According to several new reports, the global crypto market is expected to grow at a CAGR rate of over 7%. In this case, its market value will increase from USD 1.6 billion worth today in 2021 to over USD 2 billion in the five following years. To learn more about the crypto market, explore the best crypto trading sites, online brokers, crypto wallets, the best crypto mining operators, and cryptocurrency-friendly casinos, head to https://www.bitreviews.com that has got you covered.

What is the Best Digital Currency to Invest?

Investing in cryptocurrencies that have the best growth potential is the smartest decision to make. Today, there are over four thousand digital currencies in the crypto market so everyone interested in investing is more than spoilt for choice. However, not all cryptocurrencies traded today have the same growth potential so not every one of them deserves your attention. The very best digital currencies to invest in today are:

• Bitcoin
• Ethereum
• Litecoin
• Ripple
• Dogecoin

Over a decade since its introduction, Bitcoin remains the most traded digital currencies with the highest value when compared to other cryptos. Even though the crypto market is one of the most volatile, investing in Bitcoin is always a good investment especially as Bitcoin’s value is expected to massively grow in the following years. Ethereum was the very first digital currency to introduce crypto enthusiasts with smart contracts which have allowed developers to bring decentralized desktop and mobile apps that rely on blockchain technology”, says Jeff Adams, data center operations and crypto mining strategic consultant at MineHog.

Alongside Bitcoin, Ethereum remains one of the top digital currencies thanks to loyal investors who always vouch for Ethereum. Ethereum’s value is expected to grow so investing in Ethereum is a wise decision to make considering its stability. Thanks to its liquidity and market capital, Litecoin is another digital currency worth investing in. While Ripple is more suitable for institutional investors, it also deserves a mention here just like Dogecoin whose popularity has skyrocketed following SpaceX’s announcement that the company accepts this digital currency as one of its payment modes. Investing in these five digital currencies could have made you very rich.

The Best Way to Make Profits with Cryptocurrencies

With more and more institutional entities and investors getting interested in cryptocurrencies and jumping on the crypto bandwagon, smaller investors have greater opportunities to make serious money from crypto market investing. Investing in crypto stocks of prominent businesses such as PayPal, Square, and Tesla can make you a huge profit which is exactly what happened to early investors in Bitcoin and Ethereum.

Thanks to the increasing participation from big companies, the global crypto market has never been as lucrative and profitable to small investors as it is today. With their market value growing rapidly, investing in Bitcoin, Cardano, Ripple, Ethereum, and Litecoin could and still can make you a rich man despite their highly volatile nature.