BitcoinPlay Publishes a New Infographic on Cryptocurrency
Meet The Top Cryptocurrencies
If you are one of those people who believe that Bitcoin is the only cryptocurrency worth investing in, you need to think twice. With more than 2,000 cryptocurrencies available at the moment, the crypto industry has grown into a giant. Offering many different investment opportunities. It is crucial, therefore, to conduct a throughout research and decide for yourself which crypto coin might be a good opportunity for you, apart from Bitcoin. But how can you do that? It’s not really possible to investigate all of the 2,000+ digital currencies, is it? Luckily, you don’t have to undertake such an investigation.
Stick to BitcoinPlay’s WHAT THE CRYPTO (INFOGRAPHIC) while taking into consideration the following two questions:
1. Which Crypto Project Seems Promising?
First things first, you need to be aware that not all cryptocurrencies were built for the same purpose. Some of them (such as Bitcoin, for example) are used primarily as a means of the old-fashion trading between two or more parties. That said, its value is determined by the market demand, not by an underlying asset or project. On the other hand, plenty of digital coins are connected with particular digital projects. If you think that such a project is set to grow and produce some items or services that will become highly sought after in the future, then its crypto coin will only rise in value. In that case, buying these coins now while they are cheap will give you a spectacular ROI in the future. For example, if things go as predicted and the Internet of Things industry becomes a thing, crypto startups (VeChain and IOTA, for example) that operate within this niche could expect significant profits.
2. Could I Make Some Quick Cash?
Unless you’re a trading genius, the answer is simply – No. Cryptocurrencies are all about the future, which means that you have to be patient and wait until the value of your coins increases. Sometimes, this means waiting for several years. Meanwhile, take a look at the infographic and get acquainted with the top 25 cryptocurrencies and the possibilities they offer.