London, UK, Binary News Network, Many investors have seen the explosive potential of cryptocurrency and are now trying to invest. Bitcoin, which started it all way back in 2009 with a market cap near $0 has grown into nearly 1 trillion dollars today! Some newer tokens like Shiba Inu (CRYPTO: COTI) or Solana CRYPTO:SOL), also introduced themselves onto this scene during times where everybody was losing their minds over cryptocurrencies; they put-up record-breaking numbers by soaring upwards 64000% last year alone while other coins were struggling between 0-20%. There is no doubt about it – investing early can give you an edge when markets finally turn around and rebound.
However, with the market being so volatile it can be hard to know when the right time to buy in is. FinancialCentre broker David Green says you could purchase at the peak of a bubble and lose everything, or you could wait until the market crashes and lose out on potential gains. So, what’s an investor to do?
Some people advocate for buying into altcoins – coins that aren’t as well known as Bitcoin but have the potential for growth – early on in their development. This way, if they do take off, you’re likely to see a much higher return on investment than if you had bought into Bitcoin when it was already popular. And if they don’t take off? Well, then you’ve only lost a small amount of money rather than buying in at the top of a bubble.
Of course, this is all easier said than done. It can be hard to know which altcoins will really take off and which ones are just scams. That’s why it’s important to do your research before investing in anything! There are plenty of resources out there – including online communities, articles like this one, and even podcasts – that can help you make an informed decision.
Some of the top cryptocurrencies for december 2021 are: Ethereum, Litecoin, and, IOTA.
Ethereum (ETH) Ethereum is a cryptocurrency that can be used for transactions, rather than just having value. The scripting language enables developers to create applications on the network and has become quite popular because of its utility in comparison with Bitcoin’s early days when it only served as an investment opportunity without much else going forward from there other than potential use cases such what David Shiliach proposed back then which we’ll get into next time!
Ethereum plans to switch from proof-of work (PoW), where mining computers verify blockchain integrity, for more energy efficient PoS validation. This move will be beneficial as it is predicted that there’s about 300% increase in the size of decentralized finance market by 2021 with rise non fungible tokens and other dApps pushing Ethereum into action.!
Ethereum 2.0, the shift to PoS scheduled for some time in the first half of 2022 has caused delays and as a result Ethereum justified its meteoric rise during last year’s bull run which led it becoming one with by far most dApps – nearly nine times greater than any other contender on State Of The Dapp Report.
On average over these past 365 days since January 1st, 2018, until this November 12th, 2019- we have seen little movement at about +416%. With such promising growth if you invested $100 today into an ET2 coin that had been trading for less than 5 years ago (based off historical prices), then your investment would be worth quite nicely around $5,500 (based off similar returns as it’s last all time high and first-time current market price) according to coinliker.com. It also seems like this upper price should not be too far away based on the following: 1-The next year should see a launch of Ethereum 2.0; 2-Rise of cross blockchain protocols work such as Polkadot; 3-Enterprise Ethereum Alliance is now over 500 members big! That is quite a significant increase from just three years ago when it was initially started out with 30 members only.
Litecoin (LTC) Litecoin is a fork of Bitcoin that was created by Charlie Lee with the goal of being the ‘silver’ to Bitcoin’s gold and to address some of the issues, such as slow transaction times and high transaction fees. As transactions start increasing on their network, we’ll see if they can keep up without having any major issues like what happened to Ethereum last year when CryptoKitties took over its network!
IOTA (MIOTA) Iota is an open-source distributed ledger used for managing data transfer between Internet of Things (IoT) devices. It has no fees and supports offline transactions which could pave way into it becoming something big especially in industries requiring micro-transactions; for example, a self-driving car paying electricity to charge itself based on consumption or even buying resources from other cars or machines. Such an industry would require a system that is not only fast and cheap but also one that could be peer-to-peer without any transaction fees. Having no transaction costs, Iota has been making its way into the mainstream as of late as it partnered with Microsoft, Volkswagen, Cisco Systems, and several others!
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.