Best cryptocurrencies to invest in profitable & cheap

The criptomonedas today are fashionable. What seemed to be a product for technology fans has now enveloped the entire world. However, this meteoric rise in popularity has led to a large number of imitators and the market is now flooded with numerous cryptocurrencies.

This has made it very difficult for regular investors like you and I to invest in cryptocurrencies since people are not sure which cryptocurrency will be the right investment for them.

While it is impossible to predict the future of a specific cryptocurrency, we can see its underlying infrastructure to see which ones are worthwhile and which ones are just pirates. In this article, we are going to list 6 cryptocurrencies that you should consider before investing your money:

The best cryptocurrencies to buy and invest

Even if you've never tried to learn about cryptocurrencies, you've probably heard of Bitcoin. While Bitcoin is the largest and most valuable cryptocurrency in the world, we do not include it in our list, as Bitcoin has become too expensive to generate substantial profits without having to take too much risk.

Ethereum - Best block chain platform

Then Bitcoin Ethereum is the most popular and established cryptocurrency in the world. Some people now prefer Ethereum over Bitcoin, since the technology behind their cryptocurrency is more advanced with too many applications. It is a block chain platform that can execute smart contracts. What it means is that basically any contract that we use today to form mutual agreements, such as investments, debts and contracts, can be structured using Ethereum technology.

The block chain platform of Ethereum allows us to avoid all intermediaries, since the entire contract can be encoded on the platform. While Bitcoin is just a cryptocurrency, Ethereum is a platform that has commercial applications. The cryptocurrency of Ethereum, which is called ether, is only a part of it.

That's why Ethereum is becoming popular, since not only is it a way to send money, but it is a platform that has a serious commercial application.

Unlike Bitcoin, which was born with the aim of creating a decentralized economy, without banks or regulatory agencies, Ripple wants to work with them.The underlying technology of Ripple's block chain will allow banks to make international transfers quickly at a fraction of the cost.

Stellar - 2nd block chain platform

Stellar is another block chain platform that wants to facilitate international payments to people and companies by collaborating with banks.

While its underlying core technology may be different from Ripple, its application and premise are the same. The Ripple increase has also helped Stellar grow exponentially in recent months, making it one of the largest cryptocurrencies in the world.

Currently, a lumen is quoted at $ 0.75, making it one of the cheapest cryptocurrencies to invest.

IOTA - futuristic cryptocurrency

IOTA is a cryptocurrency that is truly futuristic in its approach. It's one of the coolest concepts I've heard in a long time and that has helped the currency grow more than 1000% in recent months.

It is a block chain platform focused on the future of IoT (Internet of Things) devices, hence the name IOTA. According to its website, what differentiates IOTA from other cryptocurrencies is its underlying block chain technology, which the company calls Tangle.

IOTA allows a scalable payment system without restrictions, which can transfer funds without charges. This means that companies and individuals will be able to perform micro and nano transactions, since there are no costs involved.

The company believes that the world is moving towards a completely autonomous and connected future where machines will talk to each other. IOTA will help these smart machines to exchange resources such as electricity and Wi-Fi for money, which will be transferred using their Tangle technology.

Lite coin - best alternative for Bitcoin

Lite coin was created by a Google engineer, Charles Lee, in 2011 as a better alternative for Bitcoin.

While Bitcoin is good for point-to-point payment service, the resources needed to mine Bitcoin are too expensive and the currency also has a slower transfer speed compared to other new cryptocurrencies. Charles Lee founded lite coin to solve these problems that consumers and miners face with Bitcoin with the litecoinPrice.

Unlike cryptocurrencies like Ethereum and Stellar, which aim to provide a platform for commercial application, lite coin follows the Bitcoin principle and wants to create a decentralized economy in which consumers and money are not regulated by any bank or regulatory body central. Lite coin has certainly seen a lot of enthusiasm on the part of people, since the currency has experienced growth of over 1000% in the past year.

It is a solid investment for someone looking to invest in Bitcoin but cannot afford to do it. Currently, Lite coin is quoted at $ 299.95 with a total market capitalization of more than 16 billion dollars.

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