What Are the Top Two Cryptocurrency Trading Systems Today?
Cryptocurrency investors are taking on a wild ride these days, and they might be headed for an even worse death. Despite growing mainstream acceptance, more traders should really be searching for the next big cryptocurrency to boom in twenty years. Here’s what you should know today. Even if you think that it might not work, you should still invest in it because it is the future of money. Whether you believe it will succeed or fail is up to you, but you should at least give it a chance.
The first big thing that came out in 2021 was bitcoin, which was heralded as the new internet currency. At the time, it was only known by a few people, but it surged in value in the weeks following. Now, a lot of people know about it, though some don’t understand how it works or why it is different from traditional money. But once you learn more, it makes sense. A couple trillion dollars changed hands in just one week due to this new alternative. This shows just how fast and radical the shift can be.
The next big cryptocurrency is thorium. etherium functions like a virtual currency. Like litecoin and monero, it isn’t issued by any central institution like the euro, dollar, or pound. It exists solely on the internet. While it started out costing just a few dollars per unit, thorium is expected to go above five dollars by the end of the year. In total, it could rise as high as ten dollars by the end of 2021!
Another big one is zcash. It isn’t as popular as bitcoin, but it also isn’t considered as the next big cryptocurrency either. Instead, it is being given a mainstream treatment by PayPal. If you don’t know much about this coin, it is nothing more than an enhanced version of cash that can be sent over the internet. While it would probably retain its value the most in comparison to other currencies, it isn’t going to gain anywhere near as much as thorium. Even if it does, it will probably be too late for most people.
One of the last major alternatives to the previous two would be cardio. Like zcash, it isn’t something that has been given a mainstream treatment by either PayPal or Google, and it isn’t even recognized by many people outside of the digital currency community. However, cardano has actually been growing in popularity. Some sources project it reaching six digits before the end of the year.
Despite the lack of mainstream recognition, these are the two that currently hold the most potential for becoming the next big cryptocurrency. In terms of usability, both offer their users enhanced security along with the ability to transact with ease. However, the ease with which altcoins are used may also limit their long term success.
The two top contenders for that title will be litecoin and dogecoin. Both have gained in popularity within a few months of each other, though litecoin has actually had a bit more luck. The reason for this turnaround? A new algorithm was released by a team of financial experts that work for the Waves platform. This algorithm combined the factors that make dogecoin a solid currency that can be used anywhere in the world.
Regardless of what kind of currency we eventually choose, we will be able to reap the benefits of using the same protocol. If you are interested in getting involved, there are a number of online brokers that will be willing to help you get started. They can also provide advice when it comes to choosing the best currencies to trade in. With the new additions to the block size and the increase in transaction fees, it makes sense to consider trading in something a little safer than we’ve been used to dealing with. For now, however, litecoin and dogecoin represent our best chances for the next big cryptocurrency.