86% of American adults have heard about cryptocurrency before. Feeling left out now, especially since it seems like people are profiting massively off of these digital currencies?
The good news is, it’s never too late to hop into this world!
If you’d like to learn about the types of crypto available before you invest, then you’re in the right place. Keep reading to find out more about cryptocurrency options!
Of course, we’ve got to start off with Bitcoin (BTC), as it’s the biggest cryptocurrency around!
It was first created in 2009 and is actually the first crypto to hit the market. Its value heavily impacts the value of other cryptos, so it’s wise to invest in Bitcoin first before you dabble in other cryptos. It’s also recommended you put most of your money in Bitcoin and spread out the rest across other cryptocurrencies you find interesting.
There’s a cap of 21 million BTC and currently, over 18 million have been mined.
Ethereum (ETH) is considered an altcoin. It’s the second most popular and largest crypto after Bitcoin, so this is a solid choice for any crypto investor.
ETH was first created to offer decentralized financial products. Today, many people prefer to invest in ETH because transactions are a lot quicker than with BTC.
Also, what’s great is there’s no hard cap to ETH like with BTC. Instead, there’s an annual cap of 18 million ETH to keep things more under control.
Litecoin (LTC) does exactly what it sounds like it would: process transactions at lightning speed!
LTC first appeared on the scene in 2011 and was meant to be a better version of BTC. It produces new blocks quicker than BTC, which means they’re mined quicker as well. As a result, transactions are 4 times faster.
There’s a cap of 84 million TLC, which makes sense when compared to BTC (this is 4 times the amount of BTC available).
Dogecoin (DOGE) was first started in 2013 as a joke crypto based on the doge meme. However, this altcoin skyrocketed in value in 2021 when Elon Musk made allusions to it.
DOGE doesn’t have a cap, so you won’t have to worry about the market running out.
If you’re looking for a wildcard, then consider Sandbox (SAND). This is the native token for The Sandbox, a platform that allows you to play around with and monetize virtual experiences.
This crypto is based on the Ethereum blockchain and there’s a cap of 3 billion SAND.
Looking for where to buy SAND and other cryptos? There are many online exchanges, so do a little bit of research to see which ones offer the best benefits for you.
Which Types of Crypto Will You Invest In?
Now that you know about the types of crypto around, which ones will you invest in?
The key to cryptocurrency investing is not to put all your eggs in one basket. By diversifying, you’ll stand a better chance at profiting off cryptos!
To learn more about selling and buying crypto, keep browsing our blog page now.