Top 5 Types of Digital Currency for First-Time Investors

As of 2019, over 50 million Americans had cryptocurrencies in their investment portfolios. And investment experts believe that investors wil...

As of 2019, over 50 million Americans had cryptocurrencies in their investment portfolios. And investment experts believe that investors will continue to grow significantly as more companies and countries adopt popular cryptocurrencies as payment. But is it too late to jump into the cryptocurrency market?

It's never too late to enter the world of cryptocurrency. But, with so many types of digital currency, it can be difficult to know where to start. That's why today, we'll help you pick the best type of cryptocurrency to invest in as a beginner.

Top 5 Best Cryptocurrencies to Invest In Now as a Beginner

1. Cardano (ADA)

Out of all the digital currency types, ADA stands out since a community of crypto enthusiasts created it. A group of engineers, mathematicians, and cryptography experts created Cardano after seeing what Ethereum (ETH) was accomplishing. Once they laid the foundation, one of the founding members of ETH stepped in to help finish the project.

Many experts believe that Cardano will usurp Etherium as the second-largest cryptocurrency. Currently, ADA is still accessible for most investors, so now is a good time to start investing in it.

2. Polkadot (DOT)

Polkadot is another digital currency that follows the steps of Ethereum. But, something that makes DOT different is that developers can use its blockchain, something ETH doesn't allow. And once again, a founding member of ETH created Polkadot in an effort to improve ETH's blockchain technology.

Polkadot price is steadily increasing, so be sure to invest in it now before it's too late.

3. Ethereum (ETH)

Since there are so many different types of cryptocurrency imitating ETH, we need to mention it in today's post. Ethereum has greatly improved the world of crypto since it changed the way blockchain technology works. And as of today, hundreds of corporations have invested heavily into it.

Of course, that means that investing in ETH is a lot more expensive than other cryptocurrency types, but if you invest in it, you can feel secure that you'll make a huge return.

4. Stellar (XLM)

Even though the people behind Stellar are less numerous than the other cryptocurrencies mentioned, it's worth mentioning since they are slowly gaining a following. One reason you should invest in XLM is that all cross-border transactions are instant and cost you little to nothing. Additionally, Stellar is working hard to help people who live in countries with bad economies recover financially.

5. Monero (XMR)

Out of all the cryptocurrency types, Monero is the most secure and private one. Every transaction you do with XMR is anonymous and cannot be traced. If that interests you, you should consider investing in Monero while the price is still low.

Invest in One of These Types of Digital Currency:

Hopefully, with this post, you can decide what cryptocurrency to invest in. Of course, try to choose at least three to invest in, so you can get the most bang for your buck. So, don't wait any longer, and start investing today!

Which types of digital currency do you have? Let us know in the comment section. And if you wish to read more posts related to digital currencies, be sure to bookmark our page!