15 Best Crypto Currency investments in 2023 and Beyond to Retire Early

Cryptocurrency is the 4th Industrial Revolution. Created to transform the traditional payment system, cryptocurrency is now on its way to ruling the world. The fluctuating market can make you rich overnight or bankrupt you, depending on your selected coins.

Cryptocurrency is verified to be the most suitable investment plan for the future. This digital money is not controlled by the central system (banks and governments). The rapidly growing marketplace now has 20000+ options available. However, that number is anticipated to drop significantly once Government regulations are implemented.

So what are the 15 Best Crypto Currency Investments?

We have compiled a well-researched list of options in actual coins that have real-world applications and uses. We do not believe that investing long-term in meme coins (shib, doge, or others) will be in your best interest, especially when governmental regulation is finally passed by congress.

Every coin has its rewards and drawbacks. From Bitcoin to Ethereum, how do you find the best investment option that won’t wipe out your savings overnight?

In this detailed guide, you will explore the 15 best crypto currency investments with a thorough background of the coin, how to invest, and future expectations.

Here are the 15 Best Crypto Currencies Investments in 2023

Bitcoin (BTC)

Living in digital times, Satoshi Nakamoto wanted to introduce the need for an electronic payment system. A payment system that is accessible for all and would potentially eliminate the traditional banking payment systems. 

History:

Founded in 2009, Bitcoin was the first ever cryptocurrency that introduced the essence of digital currency. Not only the first one but also one of the best cryptocurrencies to invest in. 

 This decentralized platform lets you sell and buy crypto assets without third-party interference. Currently, it is leading the cryptocurrency marketplace. Bitcoin alone holds 39% of the marketplace (as of this writing), with a market cap value of $415.78B.

How does it work?

This open-source platform runs on the blockchain and stores the transaction on the blocks. The blockchain permanently stores the transaction data. The Bitcoin wallet provides you with two keys;

• Public Keys
• Private Keys

The keys hold your privilege and the public address of your wallet. The wallet lets you access your coins and execute dealings.

The Future?

Bitcoin is an intelligent investment as many enterprises accept Bitcoin as payment, such as Tesla. Invest in the coin if you understand the value of a wise long-term investment. If not, the fluctuating value can get on your nerves.

Experts predict the coin to hit $100,000 by the end of 2023. The five-year data chart indicates each currency will be around $500,000 in 2025, while $1M by 2030.

Key Features:

• The coin is secure against possible forges with cryptographic keys and blockchain.
• The hard cap value of 21 million coins is fixed and can’t be changed. This dynamic fixed supply is the reason for its advantageous position in the cryptocurrency market.
• This coin is a safe and secure investment- all thanks to the proof of work.
• What makes this coin unique are the decentralized financial assets.
• Every transaction you make is immutable. It means no data can be deleted blockchain network.

Risk Analysis:

Being the leading native coin, Bitcoin is at higher risk. Every month, the price goes up and down by thousands of dollars. Another consideration is the high price. One Bitcoin costs around $22,350; all can’t afford the high fee. It is a negative point for investors not interested in buying fractional shares.

 Chart:

The below chart shows the ten years’ price history of Bitcoin;

How to start investing?

To begin your trading journey, you need to open an exchange account on something like coinsmart or uphold, Create a wallet or open an IRA that allows crypto trading. Also you will need a secure internet connection, a payment method, and personal records if you use a KYC medium.

How you start is up to you. However, the least you should invest for Bitcoin is $30 (the more the investment, the higher will be your fractional shares). As aforementioned, one Bitcoin costs around $22,350.00

 Pros:

• Safe and secure investment
• Bitcoin is the Digital Gold
• Proof of work keeps the coin secure from fraudsters
• Immutable transactions on the blockchain
• 21 million coins hard cap

Cons:

• The market goes up and down continuously, which is challenging for a beginner. 

Ethereum (ETH)

Besides trading coins, creators Vitalik Buterin and Gavin Wood wanted to leverage cryptocurrency technology. A platform where users can go beyond trading cryptocurrency only. The creation of Ethereum brings a drastic change in the cryptocurrency concept. 

History:

Ethereum platform is a blockchain-based open-source, launched in 2015, with a current market cap value of $216.41B. Ethereum is the top-most Cryptocurrency after Bitcoin. Ethereum is a much more valuable altcoin than the other digital currencies.

Although Ethereum came out years later, it reached the leading position shortly in the cryptocurrency space- all thanks to the unique technology. 

 How does it work?

Despite the downfalls, Ethereum is the largest developer platform, leaving Cardano and Bitcoin behind. Ethereum has more than 42457 active developed Blockchain protocol commits. Ethereum has developed over 3,000 dapps (decentralized apps).

Ethereum works the same way as the major cryptocurrencies. This open-source platform secures the transaction history in blockchain in a unique coding pattern.

 Ethereum also allows innovative contracts with less permission. The private consortia secure the transactions from third parties and hackers. Depending on the network alignment, Ethereum gages up 100xs contacts and outstrips the public mainnet. 

The Future?

The ecosystem of Ethereum is updating every day. Despite Ethereum having a hard time at the start of 2022, the experts predict it will jump back to its position by the end of this year. In the last two weeks of July, the price of Ethereum increased by 50%.

 The platform is about to introduce the latest technology, “The Merge,” which will reduce energy consumption by half. The predicted value of ether by 2030 is somewhere around $33,386.89, while it will be $66,773.78 by 2040.

 Key Features:

• Ethereum offers underlying technology that comprehends contracts and lets you interact accordingly.
• The DeFi system of Ethereum never dozes. You can transfer funds with your internet connection anywhere.
• Besides digital currency, you can trade non-fungible tokens.
• The setup is free and effortless, with no personal info required. You only need a wallet to access the crypto assets.
• Implementing “The Merge” is predictable to cut the energy consumption rate.
• The mobile app is open on Android and iPhone to access your crypto assets anytime.

Risk Analysis:

Being a blockchain crypto exchange, Ethereum uses only one lane for transactions. It often causes prolonged transactions when the network is jam-packed. Moreover, the high fees are second to none.

Security is also an issue on Ethereum. In 2016, cyberpunks took benefit of security shortcomings and yielded around $50M cost of ethers.

 However, to deal with all this, Ethereum is about to introduce new technology, “The Merge.” According to the team, this technology will solve all issues. Yet, the delay is also getting on users’ nerves now.

Chart:

Here is the price history of Ethereum over the years;

How to start investing?

You can start investing in Ethereum with $25. The typical transaction methods are Wire Transfer or Debit Card. However, the current rate of one ether is $1,617.47. You may also open a crypto IRA to start your investment trading in.

First, you need to select the best cryptocurrency exchange platform. The top options available include Coinsmart, Uphold, Crypto.com, and Kucoin. 

 After that, create an account, deposit the amount, and begin trading. Ensure to have a secure crypto wallet to withdraw your coins.

 Pros:

• Allows you to trade non-fungible tokens
• Digital app to access assets anytime
• Permission-less smart contracts
• No centralized control over the transactions
• Decentralized managed architecture 

Cons:

• Time-consuming transactions
• Gas fees are the highest in all coins

Cardano (ADA)

Cardano is an advanced open-source blockchain program. The primary objective of this coin was the need for improvement in innovative agreement and scalability issues of Bitcoin by introducing a third-generation program.

History:

Recently, Co-Founder of Ethereum Charles Hoskinson wanted to introduce the need for an utmost feasible and steady network of cryptocurrencies. For this, he co-inaugurated a company well known as IOHK, which now supplies Cardano.

Launched in 2017 by the co-founder of Ethereum, Cardano was the first ever cryptocurrency that brought peer-retrospect coins into the cryptocurrency marketplace. Not only this, it greatly facilitates the global interlinked decentralized ecosystem.

Currently, Cardano has a limited supply of 45 billion digital currency ADA. Six years ago, it debuted at a market value of $600 million. In one year, it reached up to $10 billion. According to the latest survey, Cardano has a market cap value of $16.3B with its $0.48 ADA token value.

How does it work?

Cardano works on an innovative two-layered mechanism. The first one helps in managing transactions with minimum cost, while the other featured tool facilitates operating contracts on decentralized apps.

 As a PoS cryptographic ledger, it is more eco-friendly as it doesn’t need immense power. However, this algorithm differs from the Ouroboros pact. It is made of fixed sub-units called slots which collectively form an epoch.

 Blocks are enumerated in the epoch by slot holders. Multi-dimensional computational programs are used to assure the fairness and validity of the transactions. These work as virtual coin flippers.

The Future?

Over the recent years since its launch, Cardano has proved itself to be the fastest expanding cryptocurrency by the facts and figures of market cap. Cardano is reviewed as an excellent short and long-term profitable investment.

By the end of 2023, Cardano is expected to hit USD 3.10. The five-year data chart predicts each coin will be around USD 10.46. Experts in cryptocurrency trading and investment are confident that by 2025, the maximum level of the currency will be 8.96B USD, while the minimum can be 6.062B USD.

 Key Features:

• Cardano lately included an innovative agreement facility and dApp potentiality into its advanced third-generation blockchain.
• Cardano has been rumored to be ISO 20022 Compliant with its most recent upgrade.
• It features an innovative two-layered mechanism helping in managing transactions with minimum cost.
• It facilitates operating contracts on decentralized apps.
• Cardano ADA is reviewed as an excellent short and long-term profitable investment.
• It is the utmost feasible and steady network of cryptocurrency coins with an ever-increasing demand.

Risk Analysis:

Being the first peer-reviewed coin in the market, Cardano is at higher risk of being volatile. It has been categorized as worryingly risky in a critical analysis done by the Macro axis.

It is agreed that fluctuations in the crypto market happen very often and at more significant stakes. Cardano ADA’s price is at a risk of decline, which is more prevalent than ever from its profit. However, Cardano is still a good investment with significant demand for its limited inflation risk.

Chart:

The below chart shows the 5-year price history of Cardano;

How to start investing?

To begin trading, you must choose an exchange like uphold, crypto.com and kraken or open an IRA Investment account per your preference. Then, you can sign up, provide verification for your identity and strategize your investment plan. Buying a wallet is an optional feature here.  How you start is up to you. However, the starting price of one Cardano is around $0.48, so load up with coinsmart.

 Pros:

• Scalable investment than second-generation coins
• High standard developed blockchain
• Evaluated and approved for the prevention of fraud
• Open source platform with operative Haskell language
• Fully Decentralized coin investment
• ISO 20022 Compliant

 Cons:

• An increasing number of fixed token stakes results in a misconception of demand.

Avalanche (AVAX)

Avalanche is the popular rivalrous competitor of Ethereum. This blockchain program is needed to secure the payment system of transaction fees while also making it efficient and fast for users’ convenience.

History:

 It was launched in September 2021 by the collective team effort of Emin Gun Sirer, a software engineer, Ted Yin, creator of the HotStuff contract, and Kevin Sekniqi. However, the development of Avalanche has been in process by Ava Labs company since May 2019. 

 Currently, Avalanche has a restricted collection of AVAX digital coins. According to the latest survey, Avalanche has a market cap value of USD 5.702B, with its circulating supply at a discount of 295.67M.

How does it work?

Avalanche works on an innovative three-layered blockchain-supported mechanism. Interactivity, Exchange Blockchain, Contract Blockchain, and Platform blockchain quickly assess connectivity. 

These previous three work with their specific utility, none is conflicting with Ethereum Digital Machine.

 With the creation of avalanches, the team aimed for a universal trading scalable blockchain platform. Thus, as a PoS cryptographic ledger, it facilitates feasibility, fast speed, and interconnectivity.

The Future?

Over the recent years since its launch, Avalanche has been creating a stir in the expanding cryptocurrency industry. By 2022, Avalanche is expected to hit trade at $45.85. By 2025, experts predicted the maximum level of the coin would be at $128.39, while the minimum can be a trading value of $107.08

 Key Features:

• The architecture allows the launch of Applications on Avalanche by Ethereum Developers themselves.
• It features an innovative three-layered blockchain mechanism helping in increasing scalable interconnected approach.
• It facilitates the transaction procession with an accelerating speed of 4500 transactions in under one second.   
• Its contract chain permits the reliability and feasibility of both public and business-oriented apps.
• Avalanche marks out its significant character in terms of Defi technology.

Risk Analysis:

With its fast transactions and high efficiency, Avalanche is at unusual minimum risk for elusiveness. In the long game, it is seen as a profitable investment. It is agreed that elusiveness in the crypto market often happens at more significant financial stakes. Avalanche is none different than that!

Chart:

The below chart shows the ten years’ price history of Avalanche;

How to start investing?

To start your crypto trading journey, sign up for an account on any crypto exchange like uphold, coinsmart or crypto.com or self-directed crypto IRA that supports Avalanche. By verifying your identity, you can start the trading process.

 Another feasible option here is trading Avalanche via cryptocurrency wallets. It ensures secure and reliable storage of your digital assets. Then, you need to place a market-oriented or limited order to sell AVAX at a particular price level.

 Pros:

• Open source efficient trading platform
• Easily customizable advanced blockchain
• Highly reliable and secure
• Increased efficiency with fast speed
• Accessible with PoS protocol

 Cons:

• Delay of transactions if not approved by validators
• No guarantee of assurance in contradictory deals

Steller Lumen (XLM)

With ever-increasing automation and the need for privacy, Stellar is a native, open source, an individualistic transaction blockchain platform with low cost.

 History:

 Launched in 2014 by the co-founder of Ripple, Stellar was the brainchild of Jed McCaleb. It also greatly facilitates the global interlinked open source blockchain ecosystem. According to the latest survey, Stellar has a market cap value of $2.67B with a circulating supply value of 25.33 B.

 How does it work?

 Like XRP, Stellar works on a decentralized cryptocurrency mechanism that integrates a consensus program to manage transactions with minimum costs. It facilitates crypto exchange with fiat currencies.

 When trading with Stellar, you don’t have to worry about the authenticity approval delay, as Stellar is well-known for processing transactions quickly and efficiently.

The Future?

Stellar has been notable among investors for its individualistic dispersed cryptocurrency. Stellar is expected to drop no lower than $0.13 by 2022, with potential RIO at 50%.

By 2025, experts predicted the maximum level of the coin would be at $0.51 while the minimum can be at $0.42.

 Key Features:

• Stellar includes an innovative agreement facility and ICOs potential blockchain mechanism.
• ISO 20022 Compliant to the new international banking standards
• It features an innovative open source mechanism and helps manage transactions with minimum cost
• It facilitates maintaining a high standard of an exchange program with transparency.
• It is the utmost feasible and steady network of cryptocurrency coins with ever-increasing demand.
• It is reviewed as a profitable investment by its strong potential partners

Risk Analysis:

Stellar is among the top 100 profitable cryptocurrencies in the virtual world of cryptocurrency. According to the efficiency ratio of 0.0276, Stellar is categorized as unreasonably risky by potential investors. 

Chart:

The below chart shows the ten years’ price history of Stellar;

How to start investing?

If you have ever thought of investing in cryptocurrency, Stellar is a perfect fit to start from. You will need to open up a trading account with one of the exchanges like Coinbase.com, crypto.com or Kucoin.

Now, it is time to transfer funds to your account. These can only be deposited in your wallet as a previous cryptocurrency. You can also sell and buy stellar through the Limit order option.

 Pros:

• Scalable investment for extensive processing
• The efficient and fast service platform
• Compatible with the smart contract and ICOs
• Minimum transaction cost
• Long-term high profit

Cons:

• A limited supply of circulation

XDC

The trend to maintain anonymity while having complete power over your invested money has witnessed a more proficient upsurge with the cryptocurrency launch. XDC is a third-generation blockchain powered by the Xin Fin network.

 History:

Founded in 2019, the XDC network was the outstanding work of three geniuses, i.e., Atul Khekade and Ritesh Kakkad. In the early years, the XDC demonstrated underperformance regarding its potentiality. 

 Since then, the efficient ERC20 XDCe has turned the tables bringing XDC a high-profit gain. According to the latest survey, XDC has a market cap value of USD 328.182M with a circulating supply of 12.31B.

 How does it work?

 XDC provides various solutions to facilitate the process of feasible crypto transactions. It is an open-source platform offering peer-to-peer financial services protocol.

 Through minor pacts, it generates a sense of transparency between the buyer and the user with greater efficiency. It eliminates intermediary networks, thus improving accountability.

The Future?

 Over the recent years since its launch, XDP has been notable among potential investors for its dApp and POS mechanism. By the end of 2022, XDC is expected to drop no lower than an average of $0.038084.

 By 2025, experts predicted the maximum level of the coin would be at $0.152412 while the minimum can be at $0.108811. The digital coin price is expected to remain steady for at least five years.

 Key Features:

• It features Proof-of-Stake Delegated Consensus Mechanism (XDPOS) for greater efficiency.
• ISO 20022 Compliant to the new international banking standards
• It facilitates operating transactions fast and efficiently with a user-friendly interface.
• XRP is reviewed as a valid short and long-term profitable investment
• It features an intelligent contract facility with the assistance of Oracle
• It is the utmost feasible and steady network of cryptocurrency coins with the ever-increasing demand

Risk Analysis:

 The digital coin price is expected to remain steady for at least five years. Thus, investing in XDC with a higher profit return is a low-risk option.

Chart:

The below chart shows the ten years’ price history of XDC;

How to start investing?

All you need to begin your trading journey is a crypto exchange account. Then, you can sign up, provide verification for your identity and strategize your investment plan.

Choosing a reputable exchange is the key here like uphold, coinbase or crypto.com. Compare and correlate to see what suits best for you. Once you are verified on the platform, you can start trading.

 Pros:

• Introduction of E-Coin against online fraud
• Secure and reliable stake
• User-friendly to trade, sell and buy
• A decline in GAS cost
• Steady market value

 Cons:

• Relatively new to the market as an altcoin

Ripple Labs (XRP)

XRP is a peer-to-peer computing blockchain program that ensures reliable payments by encrypting algorithmic and cryptographic technologies within the blockchain.

History:

Launched in 2012 by Ripple Labs Inc., a U-S native enterprise, it was co-founded by two enthusiastic computer programmers, Jed McCaleb and Chris Larsen.

The processing systems for cryptocurrency in finance were intricate for a native man aiming to invest. The main objective of XRP was to make the international money transfer of funds transaction process easier, faster (seconds, not days), and less expensive. It also has plans to integrate into the derivatives market to reduce the number of funds on hand needed.

According to the latest survey, XRP has a market cap value of $35 Billion, ranking it the eighth-top cryptocurrency in the world.

How does it work?             

XRP utilizes disseminated ledger technology, not blockchain, to facilitate the transfer of tokens. These tokens can be in the form of any cryptocurrency. Since it’s an open source, anyone can enable it without needing approval from its manufacturer.  

The Future?

Over the recent years since its launch, XRP has placed itself in second and third place with Ethereum after bitcoin in terms of cryptocurrency capitalization.

Upon the completion of the SEC’s Lawsuit in 2023, where it is predicted that Ripple Labs will prevail, you could easily see this coin do a 10X from where it is now and continue up as it adds additional financial institutions to its ledger.

By 2022, XRP is expected to hit no lower than $0.41, with potential RIO at 35%. By 2025, experts predicted the maximum level of the coin would be at $12.53 while the minimum can be $9.31.

 Key Features:

• It is ranked as an eighth-top cryptocurrency with a market cap value of 35 Billion.
• ISO 20022 Compliant to the new international banking standards
• It is a peer-to-peer computing blockchain program with reliable security.
• XRP is a minimum-risk digital coin investment with a high probability of huge rewards.
• It has a high and diverse range of support and partnership with potential investors.
• It is marked as an affordable digital coin with an ever-increasing demand.

Risk Analysis:

Keeping in mind the high standard risk toleration with 90 days margin of trading, XRP is recommended as a potential sell. With high elusiveness, its current valuation is overestimated due only to the SEC lawsuit.

In a long-term game, investing in XRP is a solid profitable asset for potential investors for excellent diversification of the crypto investment profile.

Chart:

The below chart shows the ten years’ price history of XRP;

How to start investing?

If you have done a thorough risk analysis, proceed further to start your XRP trading journey. Investment through Non-US Platforms like Uphold or kucoin is also an accessible feature here. Once the SEC suit is completed, you will see this coin be relisted on US exchanges like Crypto.com and Coinbase.

 You can purchase XRP by accessing a wallet, making your account on an exchange platform, and verifying your identity; you can sell and buy your virtual coins with reliable security.

 Pros:

• Affordable with an ever-increasing demand
• All-time low price with high profit
• Excellent solution for an extensive finance
• Immense market cap at $35B
• Full-fledged support and security

Cons:

• Deficit of tax directives
• High rate exchange obscurity

Polkadot (DOT)

You can think of Polkadot as a building block that nurtures another cryptocurrency. It resembles Ethereum, but it operates at a deeper level than Ethereum or other major cryptocurrencies, other cryptos are considered Layer 1 blockchains, but Polkadot is considered Layer 0 blockchain.

History:

Polkadot was launched in May 2020 by the co-founder of Ethereum, Gavin Wood. He designed this platform to overcome the shortcomings of Ethereum. 

Web3 Foundation is currently running Polkadot, a venture by Wood. The native token of Polkadot is DOT.

How Does It Work?

Gavin Wood has developed Polkadot with the vision to provide interactions between different blockchain networks. Thus Polkadot offers the opportunity to have chains within chains, also known as “Shading.”

It also enables interoperability, meaning that one independent blockchain can speak to another. This innovative approach is the primary reason behind Polkadot’s rapid popularity.

The Future?

The starting price of Polkadot in 2022 was $27.26, but now it has decreased by 74%. Now you can have Polkadot at $7.18. It is expected that by the end of 2022, the price will increase by 32%, becoming $9.45, and in the next five years, it will touch $55 again.

Key Features:

• Provides interoperability by enabling cross-blockchain transactions.
• The substrate framework feature enables users to create a custom blockchain and provides extra security.
• Promotes transaction scalability by enabling users to take part in multiple blockchains.
• There is no need to fork a chain during an upgrade.
• PoS technology enables users to earn interest.

Risk Analysis:

The risk factor is higher when we talk about Polkadot, as it is a new cryptocurrency with less record history. If you are not scared of risks, then Polkadot seems like a good investment because it has the latest developments incorporated into its system, but if any other competitor also starts providing these upgrades in the future, then there are chances of Polkadot’s demise.

Chart:

The price chart of Polkadot is below;

How To Start Investing?

If you want to invest in Polkadot, you must open a trading account. After that, buy a crypto wallet & purchase as much as you want through a trading platform or invest through an IRA fund.

Pros:

• Secure platform
• Offers scalability
• Interoperability
• Renowned developers
• Customized blockchain development

Cons:

• High risk because there is no record of past performance.

Polygon (Matic)

Matic is a user-friendly platform that enables infrastructure development of Ethereum by making it a multi-chain system. Matic provides users to obtain the benefits of Ethereum while developing side chains. Through Matic, it is possible to do global partnerships, and its scalability is also remarkable as its network can perform 7,200 transactions per second.

History:

In October 2017, Jayanti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic developed Matic as a platform that facilitates the expansion of Ethereum. Now, Matic is known as Polygon, and it is a great and cost-effective support in the ecosystem of Ethereum.

How Does It Work?

Matic works by solving the problems faced in the Ethereum blockchain. It resolves the issues of slow transactions, unfriendly interface, and high fees. It’s a layer two scaling solution that provides a decentralized platform to perform millions of transactions.

It has the Plasma framework that helps in scalability by offering sidechains. Side chains help in decreasing transaction costs and also increase the speed of the whole process. UI/UX further strengthens the entire ecosystem of Matic.

The Future?

The future of Matic looks promising. The reason behind this success will be the growing ecosystem of Polygon and the decentralized applications available on the network. So, we can say that the Matic token has the power to overgrow in the future.

Key Features:

• Provides speedy and low-cost sidechains that go to the Ethereum mainchain.
• It is smooth and offers quick transactions.
• It allows multi-chain transactions.
• It provides a security layer to the chains.
• Sidechains are open to the public that can support various protocols.

Risk Analysis:

Since the launch of the Matic token, it has seen many ups and downs till now. Initially, it struggled, but from April 2021 – May 2021, its price increased by 602%.

But this success didn’t last very long and depreciated after May 2021. After some time, it again started to rise. In 2022, its value kept on changing. The journey of the Matic token has been quite volatile, so the risk factor is also high. 

Chart:

The price chart of Matic is below;

How To Start Investing?

If you want to invest in Matic, you can purchase it through decentralized exchanges. You can use U.S. dollars or any other fiat currency to get Matic tokens. Some deals also permit to buy of Matic in exchange for Tether or USDC.

Pros:

• User-friendly
• Scalable transactions
• Interaction with multiple chains
• Very high transaction speed
• Low-cost sidechains

Cons:

• Higher-risk factors than some others listed here

Cronos (CRO)

The Cronos coin is also known as CRO; it is the native token of the Crypto.com blockchain and the Cronos EVM chain. It enables users to take multiple benefits from the Crypto.com ecosystem.

History:

Kris Marszalek, Bobby Bao, Gary Or, and Rafael Melo are the founders of Crypto.com, which was launched in 2016. It is a platform that enables users to purchase and sell digital assets; now, it has more than 50 million users. The first token at Crypto.com was MCO, but in December 2018, CRO was launched.

After the launch of the cypto.com exchange, CRO became more open to the public. In 2020 Crypto.com stopped using MCO and asked MCO holders to swap it with CRO tokens. You can have all the features and perks of Crypto.com by having Cronos tokens.

How Does It Work?

As we have already discussed, Cronos is the currency of Crypto.com. The main goal of Cronos was to shift worldwide transactions into cryptocurrencies. It is used within the blockchains of Crypto.com to power its applications. This cryptocurrency is not minable because of its protocols and design. It is developed to meet the decentralized finances of investors, consumers, traders, and business people.

The Future?

The future of Cronos (CRO) looks progressive. There are chances that the coin will reach up to $1.80 by 2025. The performance of Cronos till now doesn’t make it one of the most promising cryptocurrencies. But the world of cryptocurrencies is very unpredictable; anything can happen in the future.

Key Features:

• It can be used to pay fees at Cypto.com.
• Allows users to earn passive income by helping the blockchain.
• It can be used to get trading fee discounts.
• It is smart-contract crypto.
• Users get rewards by using it and staking it.

Risk Analysis:

The volatility of Cronos depicts that it is not a stable token. Fluctuation in its price over time is relatively high. So investing in Cronos carries a high-risk factor.

Chart:

The price chart of Cronos is below;

How To Start Investing?

If you decide to buy Cronos, you will have to do it through a crypto exchange like crypto.com. Crypto exchange is a platform that enables you to sell and buy different cryptocurrencies.

Once you have decided on the exchange you want to use, you must navigate to Cronos’ page and choose how much you want to invest in it. After the purchase, your Cronos will be stored in an integrated wallet.

Pros:

• High-interest staking
• Availability of Crypto.com features and perks
• Discounts at exchange fees
• Source of passive income and rewards
• Promotes transactions in cryptocurrency

 Cons:

• Limited to the Crpto.com ecosystem

Algorand (ALGO)

Algorand is a network that is considered to be a layer one blockchain. It is designed to support multiple decentralized applications and smart contracts. This platform is autonomous, and its extraordinary growth is grabbing attention worldwide.

History:

Computer science professor Silvio Micali designed Algorand to provide quick, safe, and efficient transactions. It went active in 2019, and within months, it could handle more than 1 million daily transactions. Although it’s a new network, its DeFi, NFT, and Web3 ecosystem looks promising.

How Does It Work?

Algorand is designed to overcome the problems of slow transactions in Bitcoin and other blockchains. It is unique because it cannot be mined as it is a proof-of-stake blockchain. It is designed to act as a payment processor. The native coin of Algorand is ALGO which is used to protect the platform and reward users.

The Future?

If we consider WalletInvestor’s prediction about Algorand, there are high chances that it will be profitable. Its price may rise to $6.740 by the end of 2025. DigitalCoinPrice claimed that Algo’s average price could be $4.36 by the end of 2025. Both predictions indicate a rise in the price of Algorand.

Key Features:

• It offers various rewards to users.
• ISO 20022 Compliant to the new international banking standards
• It supports the concept of democratic user participation.
• It uses the Proof-of-Stake feature for transactions.
• Algorand is an open-door platform that welcomes every individual equally.
• Users need to create and register participation keys.

Risk Analysis:

Algorand is a trustable platform as a talented MIT professor designed it. It has shown good performance, based on which it falls into the top 50 cryptocurrencies in the world. Its future potential shows that investing in Algorand is not a bad idea.

Chart:

The price chart of Algorand is below;

How To Start Investing?

To invest in Algorand, you must first open an account with any brokerage service you like. Your online broker will make you buy a wallet if you don’t have one. Once your brokerage account and wallet are set, you can easily purchase Algorand as much as you want.

Pros:

• Developed by a world-class team
• Token supply of 10 billion
• Exceptional transactional speed
• Strong partners
• Minimal bugs

Cons:

• The transaction fee is a bit higher than competitors.

Solana (SOL)

Solana gives so many cryptocurrencies like Bitcoin a run for their money regarding speed and efficiency. Solana’s speed leaves no doubt compared with Ethereum, which has a block time of 10 seconds compared to Solana’s Blockchain unbeatable timing of 400 milliseconds.

History:

After getting established in 2017, Solana became one of the largest cryptocurrencies. This speedster blockchain platform is named after the favorite ‘Solana Beach’ of the person behind the emergence of technology, Anatoly Yakavenko.

How does It work?

Solana uses proof of history to integrate time into the blockchain data by using ‘timestamps’ to place the specific date and time on the blocks. 

This mechanism allows a high-speed sequencing of validators faster than PoS, which other cryptocurrencies like Ethereum use.

The Future?

Solana uses technology considered ahead of its time and has become a popular platform. After achieving its height in 2021, it dipped in 2022 and hasn’t risen much since. There is some concern regarding its Fibonacci retracement percentage, which may make investors question its potential.  

In terms of total supply, they initially started with around 500 million tokens which will only increase with time. In 2025 the minimum price of Solana can drop to $140.98, while its maximum can rise to $164.96.

Key Features:

• It’s swift and can handle 710,000 transactions per second (30 times the amount VISA can take).
• Solana’s validators use SeaLevel to run intelligent contract code similarly in the crypto space workstation.
• Solana is the fastest growing ecosystem, including thousands of projects spanning Web3, NFTs, DeFi, and more.
• It offers a higher processing rate and lower fees.

Risk Analysis:

Solana is both- inflationary because their inflation schedule pays 8% staking awards and deflationary. 100% of their fees were burned, and now 50% are burned. 

It’s important to mention that Solana went down for around six hours in December 2020, but surprisingly a decentralized protocol going down did nothing to its price. It’s still in the beta stage, so if you’re an investor or developer looking to develop a dap for them, you should keep that in mind.

Chart:

The below chart shows the price history of Solana;

How to Start Investing?

Currently priced at $34.18, the Solana market price is updated every 3 minutes. Since it’s now at its lows, now might be a good time to invest.  

Solana’s token called SOL needs to be purchased by opening an account using a crypto exchange

Pros:

• Low cryptocurrency prices with transaction fees 100th of a penny
• No requirements to be a validator
• Uses powerful RUST programming language
• Best cryptocurrency exchange processes
• Improving ecosystem

Cons:

• Due to RUST, developers can’t copy and paste their daps and projects

Chainlink (LINK)

Consider Chainlink as a decentralized backbone of intelligent financial contracts. Chainlink acts as a bridge between the newly blooming Blockchain industry and the traditional financial institutions that drive economies to build more secure and transparent processes.

History:

In June of 2017, it was launched by a company called smartcontract.com, co-founded by Sergey Nazarov and Steve Ellis. Interestingly, their innovation arrived when the crypto industry was booming with new projects.

How does it work?

Chainlink strives to create a network where data providers known as oracles are given monetary incentives to provide accurate and reliable data to a blockchain. 

If you’re confused about what an oracle is, it’s software that acts as an intermediary which helps two-way data transfer between smart contracts.

The Future?

The Chainlink blockchain has a token called link, and this token is used to fund the project’s growth. During the link’s ICO in September 2017, the developers stated that there would be a maximum supply of 1 billion tokens. 

When the tokens were sold at launch, Chainlink’s price was 11 cents, but today, it trades around 8.00, representing a 10,000% increase from the launch price, and according to crypto analysts, Chainlink’s price will be about $76 in 2025.

Key Features:

• It is an Ethereum-based network that is secured by a PoS consensus algorithm.
• It can validate data from both single and multiple sources using aggregating contracts.
• Collects and supports data from multiple sources and processes them for hybrid intelligent contracts.
• It integrates intelligent contracts into the global economy.
• High potential ROI

Risk Analysis:

It’s important to note that since the token link supply is limited, it could be considered non-inflationary since an increase in demand will likely increase demand as well. 

Investment advice is tricky and prone to self-fulfilling prophecies, so whenever you evaluate the risk, keep a highly holistic approach.

Chart:

The below chart shows the price history of Chainlink;

How to start investing?

You can start by opening a trading account and buying Chainlink with a credit card or bank account.

Pros:

• Link tokens are a great investment tool in crypto markets
• A reliable bridge between transactions through Oracle
• Cooperates with big names like Google Cloud
• Real-world applications
• Network of decentralized oracles and more reliable

Cons:

• Lower development speed and no roadmap for platform guidance
• Chainlink’s Oracle network is limited and could afford to be more decentralized

Vechain (VET)

If you’re a company that wants to keep track of your products and counterfeits, Vechain is the supply chain solution. Many big businesses, like Walmart, use Vechain to track their food supply and benefit greatly, but there’s more to it.

History:

It was launched in 2015 by the former CIO of Louis Vuitton in China, Sunny Lu, and back then, it simply used the Ethereum blockchain. It was initially a token represented by VEN and transitioned into its blockchain in June 2018, and is now represented by VET.

How does it work?

It tracks items that go from one place to the other and replaces old methods like RFID, and instead uses IoT (internet of things) to scan the product data and upload it into the Vechain blockchain so that anyone can verify it.

It’s a solution for businesses rather than people. It solves supply chain issues and ensures the data cannot be manipulated.

The Future?

Critics point out that due to the world changing and rising inflation, instead of companies opting for supply chain solutions, they’re choosing traditional methods instead, which makes Vechain’s future unsteady. 

Key Features:

• Uses VTHO to ensure Vechain doesn’t suffer from extreme volatility like many other cryptocurrencies.
• Use proof of authority consensus system.
• It tracks enormous data and helps businesses keep track of their products.
• It checks product authenticity, temperature, quality, and transport status.
• VET tokens are used to store and transfer value.

Risk Analysis:

Vechain has inked deals with major corporations like PWC and even the Chinese government, which may leave investors at a disadvantage because the Chinese government does not offer partnerships but instead seeks to take control. 

Vechain’s tokens aren’t like the original Bitcoin cryptocurrency; future endeavors will require a more versatile use token.

Chart:

The below chart shows the price history of Vechain;

How to start investing?

Trading cryptocurrencies has never gotten easier. Make an account to get a wallet to hold your VET tokens and start purchasing.

Pros:

• Many partnerships with reputable corporations
• Versatile application of Vechain solutions
• Experienced team
• Performed exceptionally in 2021
• A practical use for solving business supply issues

Cons:

• High withdrawal fees
• Some links to the Chinese government

Aave

Aave is a decentralized finance application that allows people to lend and borrow cryptocurrencies. Unlike most cryptocurrencies, Aave is the cryptocurrency version of a bank that lends loans at a high-interest rate.

History:

Aave emerged from a platform called ETHlend, but due to liquidity issues, it was overhauled at the start of 2020 and created Aave. 

“Aave” is a Finnish word that means “ghost,” which is on-brand because it is entirely anonymous when you borrow or lend money on the platform.

How does it work?

Aave uses an algorithm to calculate lending rates to match the lenders to borrowers and uses over-collateral loans to ensure financial runnings. 

Leveraged lending is also possible to make the most of trading, and unlike traditional loans, you can pay it back at any time and in any amount.

The Future?

This year, the price of Aave tokens can rise to $98.05 by the end of the 4th quarter, but if you’re looking for long-term plans, you should know that Aave is expected to trade around the $400,000 range by 2025.

Key Features:

• Aave token powers the governance on their platform, so token holders can vote on changes to the application.
• It utilizes intelligent contracts for borrowing and lending.
• You can borrow up to millions of dollars using flash loans without collateral.
• It enables the borrowing of digital assets.
• It unlocks capital using smart contracts.

Risk Analysis:

Aave is number 45 in the DeFi list of top tokens in market capitalization. However, the ticket has not increased much in the past week. Whether or not it is a good fit for investment depends on many factors, like your risk tolerance.

Chart:

The below chart shows the price history of Aave;

How to start investing?

First, you need an online crypto exchange account that supports an Aave exchange, or you could just buy a wallet which would be a great way to store your tokens securely. Lastly, just purchase away!

Pros:

• Many features for digital borrowing and lending
• Flexible rates
• Diverse collateral
• Quick assignment of lending pools
• Flash loans are a unique feature

Cons:

• Less user-friendly interface

What Does The Future Hold For Cryptocurrency?

Cryptocurrency is a digital credit that uses technology to speed up and promote global transactions without needing a central bank or government entity. Bitcoin was the first Cryptocurrency that came into being in 2009, and it remains the most used and known today.

Cryptocurrencies have integrated and come a long way in the past decade, skyrocketing in both number and popularity to the point that it’s difficult to imagine a future without them. With over 20,000 different cryptocurrencies being used and adopted by investors today, it’s clear that they’re here to stay.

However, the future success of cryptocurrencies hinges on four main factors: the technology must continue to develop and advance, there needs to be an increase in consumer demand, more large corporations need to adopt cryptocurrencies, and finally, the cryptocurrency market must become more regulated. 

When we look at different segments of the global market, it’s uncomplicated to presume that the retail, trading, and eCommerce divisions have the most potent capacity to play a vital role in digital transactions. The progress of cryptocurrencies, like Bitcoin and Ethereum, is already starting to affect how international transfers are made.  

These payments are powered by blockchain technology, which makes them exceptionally secure. In the future, cryptocurrencies could become the top choice for electronic payments, and they can potentially disrupt the eCommerce sector on a global level.

Real fiat currencies still run the world and will be around for a long time, but crypto is quickly gaining ground. Some people are trying to fully commit to using digital currency, but virtual money’s future is still uncertain for now.  

Will crypto coins become the primary payment method, pushing traditional currencies like dollars, euros, and pounds? Or will Bitcoin remain the most popular digital money? It remains to be seen. Ripple Labs (XRP) has created a platform where all countries can develop their own CBCs for their country and exchange them on the platform between other countries.

How Does Cryptocurrency Affect Global Society? 

Cryptocurrencies like Bitcoin have surged in popularity due to decentralization capabilities. They also give investors the possibility of high returns, which come with extreme volatility. The volatility makes cryptocurrencies the most unpredictable global asset because they fluctuate more than traditional investments. Despite the inherent risks that cryptocurrencies carry, people are drawn to them because of the possibility of high rewards. Here is an insight as to how Cryptocurrency is impacting global affairs.   

Investors:

Bitcoin has been providing significant profits for investors and has become increasingly popular with multiple crypto investment options. New investors are eager to start with Bitcoin but are also interested in Ethereum, which has many real-world applications. But with unpredictable fluctuations, crypto can make or break an investor. 

No Middlemen:

Cryptocurrencies are virtual currencies that use cryptography as their immunity. Cryptocurrencies are decentralized – they are not under any supervision of the government or any such financial institution. It also raises questions regarding the government and citizen relationship. 

Low Transaction Fees:

Unlike regular transactions that go through a bank or other similar institution, cryptocurrency transactions don’t require any central verification from a third party. This lack of central governance is one of the reasons that cryptocurrencies can boast quicker transaction times and often lower trading fees. It is also making progress in the Remittance department. Cryptocurrencies offer a more transparent and low-cost way to send money, which is why many immigrant workers prefer them over foreign currency exchange services. 

What Is The Economic Impact Of Cryptocurrency?

In its eleven years of existence, Cryptocurrency has profoundly impacted the economy – both in terms of its overt effects and more subtle ones. As a possible currency and form of investment, digital or virtual money have established itself in several different areas, from national communities to the global economy. The economic impact is evident in both positive and negative ways. 

Economic Benefits Of Cryptocurrency

One of the best advantages of digital currencies is that they have a global reach. Cryptocurrencies have recently been a hot topic for investment as various companies around the globe are considering them.

You may be surprised that many businesses and companies have benefited greatly from using cryptocurrencies not only for investment but also for conducting transactions and paying employees. 

Moreover, the introduction of ISO 20022 (electronic data interchange between financial institutions) has standardized the payment system. ISO 20022 now accepts XRP, ALGO, XLM, ADA, and XDC for banking transactions. It will empower the coins and level up the electronic payment system.

Developing countries that have been poorly banked in the past can now use digital currencies to improve their economies. Cryptocurrencies offer opportunities for investments and loans, which can help people in these countries become economically well-off. The more developing countries start using cryptocurrencies, the better they enhance their economies.

Cryptocurrency’s Negative Impact On The Economy 

The value of Bitcoin and Ethereum, and other cryptocurrencies can be very volatile, meaning that it can change a lot in a short time. It makes investing in cryptocurrencies an insecure approach. Yet investors are ready to go ahead because of the decentralized aspect.  

Decentralized transactions that don’t use the US dollar as a currency are becoming more popular and commonplace. Cryptocurrencies provide a viable means for achieving this goal of “de-dollarization” of the global economy. This shift has far-reaching implications for international trade, foreign relations, diplomacy, and economic sanctions. 

However, it becomes much harder with cryptocurrencies to trace transactions and identify the people involved because of their anonymity feature. This lack of control could be concerning for global financing institutions. 

How Does Crypto Trading Work?

Cryptocurrency trading is a process where people use cryptography to buy and sell digital currencies, such as Bitcoin and Ethereum. They use this currency to make digital transactions such as buying or selling. For the process to work, you need a digital wallet and knowledge of cryptocurrency exchanges. It is a trade when you purchase or sell Cryptocurrency on an exchange. 

To further define cryptocurrency trading, you also need to understand Blockchain Technology. Cryptocurrency and blockchain technology go hand-in-hand. Blockchain is like a digital record-keeping book that allows organizations to keep track of the transactions and track data in the most secure way possible.  

By adding new blocks to the front of the ledger, blockchain ensures transparency and immutability of data. Cryptocurrency mining is the procedure of verifying and adding these new blocks, and it can be highly time-consuming and energy-intensive. 

There are two ways to do crypto trading. You can sell and buy cryptocurrencies via an exchange or trade a Contract for Difference (CFD) by speculating on price movements. The assets solely belong to you when you purchase cryptos through an exchange. Your assets are stored in a crypto wallet once you have opened an account.  

When trading assets, use only enough capital to cover the cost of your help. It will minimize your risk in the event of an unsuccessful trade. Also, educate yourself on how to place risk-free buy and sell orders. It will ensure you can take advantage of market conditions and make trades that are more likely to be profitable. 

When you trade cryptocurrencies using a CFD account, you make predictions about price movements through secondary contracts. You never actually own the cryptocurrencies you’re dealing with. It’s important to note that CFDs are considered leverage instruments, which means that both your potential wins and losses are magnified.

Understanding your incentives is necessary while trading cryptocurrencies. Some people do it to increase their wealth, while others do it to expand their portfolios. It’s crucial to figure out what your goals are so that you can develop a strategy that will help you reach them. Knowing why you’re trading can help you make better decisions and ultimately be more successful.  

So, what’s your motivation for trading cryptos? Are you looking to get rich overnight, or are you more interested in diversifying your investments? Once you know the answer to this question, you’ll be one step closer to becoming a successful crypto trader

FAQs

What will Cryptocurrency be like in the coming ten years?

The coming next 10 years are expected to be ruled by Cryptocurrency. The world’s leading enterprises now accept cryptocurrencies as a payment method. The best advantage of crypto as the digital payment method is the anytime accessibility. The Crypto market is expected hit a 10 Trillion market capitalization by 2030, thats 10 times where it is currently.

What is ISO 20022 Compliance?

The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, is the primary financial messaging network used by banks worldwide. ISO 20022 is an international standard for electronic message exchange between financial institutions using SWIFT. By enhancing interoperability and expanding the quantity of information that can be shared, ISO 20022 will fundamentally alter how banks interact with one another.

The switch from conventional SWIFT messaging (also known as MT messaging) to ISO 20022 might have a significant influence on the crypto business in addition to altering the regular banking and financial services sector. More specifically, the existing financial sector may more quickly absorb coins that adhere to the standard. Additionally, the way the crypto and fiat currency ecosystems coexist may be drastically altered if large-cap cryptocurrencies like Bitcoin or ETH are included in the SWIFT system and given official ISO numbers

 Is Cryptocurrency a good investment?

Yes, it is. Since the marketplace is fluctuating, the journey will be challenging for a newbie. You can start with as little as you want and make your ultimate income source with the right tactics.

 Can you purchase a place with Cryptocurrency?

Yes, not only a house, but you can buy almost everything with your digital assets. Remember, crypto is created to transform the traditional payment system into an innovative electronic method accessible to all anywhere, anytime.

 My Conclusion

Crypto is the 4th Industrial (financial) Revolution; It is hard to track just how many US citizens own. According to Pew Research, approximately 16% of Americans use cryptocurrency in some form or fashion. How many people use cryptocurrency in the U.S., then? About 53 million people. The average daily cryptocurrency trade volume has risen dramatically to over $62 BILLION dollars a day. There are a little over 70 MILLION private wallets holding crypto currencies of some sort. So as you can see, only a small fraction of the almost 8 BILLION people in the world are using crypto currencies. This leaves a humongous amount of room for growth over the next decade.

Think of the internet when it first came on the market in the early 80s; no one knew or understood its true potential. Now we cannot live without it, and it’s on every handheld device in the world with vast amounts of knowledge at your fingertips. Well, now think about our archaic financial system overinflated in costs and fees. Cryptocurrencies were designed to rewrite how we do business in real-world applications to the financial system. Wouldn’t you love to go back and buy google, apple, or Microsoft when they first went public? 

Consider cryptocurrency as a long-term investment plan by selecting any one of the coins. This writer has invested in many of the coins above, but my most extensive holdings are XRP, XLM, XDC, Matic, and AVAX.

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