It is often challenging to execute a standard strategy because no one knows how the crypto market will behave.
Furthermore, most investors become wary when the markets are falling and stay away. With rising popularity globally, an increasing number of crypto assets are becoming available now. There are over 10,000 crypto assets available for investment or trading, ranging from Bitcoin and Ethereum to Tether and Binance Coin. This makes selecting the best crypto asset daunting, especially if you are a beginner.
Amidst the market mayhem surrounding the collapse of Terra, let’s take a look at some high-quality names in the world of crypto industry. To help you out, we’ll briefly examine 5 of the top crypto assets which we believe can be a good starting point for you.
1) Bitcoin (BTC):
Bitcoin, often known as Digital Gold, is the most widely-used crypto asset. Bitcoin is the first crypto in the world. Bitcoin’s story has evolved from a speculative asset to a long-term, inflation-proof investment and store of value.
2) Ethereum (ETH):
Ethereum is the second-largest digital currency by market capitalisation, after Bitcoin. Ethereum operates on a blockchain, protected by miners executing a Proof of Work consensus process with the intention of transitioning to a Proof of Stake consensus method. Ethereum extends Bitcoin’s blockchain technology, making it more appealing to developers and currency aficionados. Ethereum was created by Vitalik Buterin to deal with smart contracts. ETH is anticipated to appreciate in value with the advent of Ethereum 2.0.
3) Tether (USDC):
Cryptos can be a good resource of income after retirement or a much-needed financial buffer in the case of unforeseen circumstances. Crypto trading is popular among investors due to its flexibility as it is available 24×7, enabling traders to trade freely at any time of day.If you want to explore the crypto world, ZebPay is an excellent place to start. At ZebPay, we make it easy to purchase and sell multiple crypto assets on a single platform. Our interface is user-friendly and enables you to monitor real-time crypto market price variations, offering a seamless crypto trading experience.
Tether is a stablecoin that is pegged to the US dollar. Tether is always 100% backed by reserves, including traditional cash and cash equivalents. Every Tether is likewise tied to the US dollar one-to-one; thus, 1 USDT is always valued at 1 USD by Tether. The value of Tether reserves is disclosed on its website every day. The value of these reserves equals or exceeds the value of all Tethers in circulation. This makes the stable coin highly secure and transparent.
4) Binance Coin (BNB):
BNB is a crypto asset backed by Binance, the world’s largest crypto exchange. BNB, designed initially to pay fees on the Binance exchange, has grown into a widely-used utility token. Binance DEX is likewise powered by BNB (decentralised exchange). BNB has also shifted from Ethereum onto its own blockchain, the Binance Chain. The home chain of BNB is optimised for ultra-fast transaction, but has programmability constraints. The Binance Smart Chain seeks to ramp up the speed while also increasing its functionality.
5) Ripple (XRP):
Ripple is pretty scalable and accessible, so much so that it is currently being examined as a digital currency by global banks. Because of its global links with key financial institutions and banks, as well as investment from major corporations like Google, its widespread adoption will get easier over the long run. The XRP Ledger can handle 1,500 transactions/second compared to Ethereum’s 15/sec and Bitcoin’s 7/sec, and is a much more secure and efficient way of performing worldwide transactions.
Closing thoughts
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