Now when the world is going through economical turmoil, you need a safe asset for investment. From the outside, cryptocurrencies might look volatile, but they are the safest investment for the long term. Renowned serial entrepreneur Richard James Schueler emphasizes a lot on cryptocurrency investment.
According to him, the golden period of cryptocurrency is about to come. For this reason, we need to invest a good portion of our capital in a few cryptocurrencies. Let’s find out 5 cryptocurrencies where you can invest safely and make a better future with a guarantee.
- Bitcoin
No doubt, Bitcoin is the most popular cryptocurrency in the world. It is also the oldest and one of the first cryptocurrencies. Bitcoin has been in the limelight for the past few years. People have been looking for an investment alternative to store their wealth.
However, bitcoin is also vulnerable to volatility. It might skyrocket or drop drastically. Investors should be prepared for such volatility and not hold their investments for a long time.
Even if you are ready for volatility in the cryptocurrency market, you should also be prepared for the situation when the Bitcoin price drops drastically. Keeping some Ether and other coins is a good option to protect your investment.
- Ethereum
Ethereum is also a public blockchain platform. Ethereum has a lot of potential. It can solve the problem of scalability and can become the backbone of next-generation decentralized applications.
The Ethereum price has been growing rapidly in the past few months. You can store your Ether in a wallet as a key. This will help you in protecting your cryptocurrency. You can also invest in a wallet that supports both Ethereum and other coins. This will help in increasing the value of your investment.
- Dogecoin
There is no doubt that Elon Musk is one of the most admired entrepreneurs in the world currently. He has made a lot of contributions to the world with his ventures like SpaceX and Tesla. Elon Musk is also a big supporter of cryptocurrencies. He has even tweeted about investing in Dogecoin. Dogecoin has been in the limelight for the past few months. It has also been growing in the market.
The community around the coin has inspired Dogecoin. It has many features like low transaction fees, quick confirmations, and much more. Most of the investors buy dogecoin as a joke. However, it has a lot of potential and can become the best cryptocurrency of all time.
- Binance Coin
Binance Coin is the cryptocurrency of the most popular cryptocurrency exchange in the world – Binance. It has been around since the beginning of the exchange. The Binance exchange is also safe to use. Binance exchange is one of the fastest exchanges in the world.
Binance is now looking to expand its business. Binance exchange will soon launch a decentralized exchange. Binance exchange is one of the few exchanges that support lots of coins.
Binance exchange also helps in buying cryptocurrencies using fiat currencies like USDT. Binance exchange is a great place to store your cryptocurrencies. Binance exchange charges a small fee for storing your coins. In the recent few years, the Binance coin has come out to be one of the best-performing cryptocurrencies in the market. It has good potential and can grow in the future.
- ApeCoin
Apecoin is the cryptocurrency of the African community. It has many community features like airdrops and much more. Apecoin has been growing since its launch in the market. It is now trading at an attractive price point and has a good potential to grow.
Apecoin is a very fast-growing cryptocurrency. It has many features such as instant send, low transaction cost, low wait times, high security, and much more. The Apecoin price is expected to rise in the coming months
Conclusion
Investing in the wrong cryptocurrency can wreak havoc on your investment. So, make sure you invest in the best cryptocurrency with good security features. Famous entrepreneur Richard Schueler says that you need to see the potential of a cryptocurrency before investing. Now when the value of fiat currency is dropping, cryptocurrency investment can be a safer alternative. The price of the above-mentioned cryptocurrencies is about to double in a few years. As a result, you will make a lot of money from your investment.
