It’s hard to ignore the true power of cryptocurrencies. Over the last year, so many new crypto millionaires were born from this incredible investment strategy. And like any normal human being, you realize it’s time to get involved with this lucrative investment.
Here’s the problem:
With the market so hot, you might be afraid to buy anything right now. And even worse, you might not know about the best cryptocurrency to buy now.
Well, everybody has heard of Bitcoin at this point. And it’s definitely the big winner in this industry. But it isn’t the only solid investment by any means.
Today, I’d like to tell you more about Bitcoin and some lesser-known but incredibly lucrative cryptos including Ethereum, Litecoin, Ripple, and some more of my favorites.
I’ll dive into greater detail about each one of these digital currencies. So, by the time you’re through reading this, you’ll have a complete education about the top cryptos in this market.
Buying cryptocurrency is one thing. Opening a cryptocurrency IRA is taking your investment strategy to another level.
Why is it so powerful?
You’ll receive tax benefits and other advantages that you don’t get with other investment strategies. Buying stocks, real estate, and even cryptos outside of an IRA can make you a lot of money. But you’ll end up paying heavy taxes in the end. I’d like to help you avoid being overtaxed as much as possible.
Click here to read about the top 3 cryptocurrency IRA companies in business right now.
The Big Daddy of Them All – Bitcoin
At this stage of the game, everybody has heard of BTC. Bitcoin is the top cryptocurrency on the market right now. And in the past year, it has gained tremendous value.
To make things very clear, in the past 365 days Bitcoin has gained 111% more value. This is an astronomical amount that doesn’t seem to want to slow down anytime soon.
Cathie Wood of ARK Invest and the guys at Motley Fool believe that Bitcoin has the potential to reach $250,000. To give you some perspective, it’s currently trading for $61,886, which is about a quarter of the projection.
Will it get there?
Only time will tell. But Bitcoin has grown tremendously since it first hit the market in 2011. Its overall market cap is currently $1.16 trillion. And it’s all time high is $64,829 per digital coin.
I don’t know about you, but I definitely like these numbers. It proves that this investment is growing continuously. And it proves that many rich investors and massive financial institutions are beginning to get involved.
Believe it or not, investors had an opportunity to practically get in on the ground floor of Bitcoin recently. During the pandemic when it first hit, the price of Bitcoin fell below $5000 per coin. This was only a little more than a year ago.
Right now, it’s trading for more than $60,000 per coin! That is an incredible return on investment to say the least.
To get started as a Bitcoin investor, I highly recommend opening a cryptocurrency IRA. Bitcoin is one of the top cryptocurrencies to buy now. And you can begin investing in a tax-free or tax-deferred account as soon as you complete your IRA rollover.
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A Powerhouse Cryptocurrency Investment – Ethereum
Everybody is always talking about Bitcoin, Bitcoin, Bitcoin!
But they forget that there are a number of other amazing cryptocurrencies gaining tremendous value right now.
Do you want to know a secret? Oddly enough, it’s one of those secrets that most people fail to grasp because they get distracted by huge Bitcoin numbers.
The secret is this… Ethereum has also had a tremendous year. As a matter of fact, the value of Ethereum has risen by 225%!
Read it again so it really sinks in:
Ethereum has gained 225% in value over the past year. And it’s a lot less expensive than Bitcoin, so you could’ve bought tons more and made massive returns.
Why is Ethereum so hot right now?
Many new cryptocurrency investors fail to realize that it was first founded in 2014. So, it’s not like it’s some brand-new cryptocurrency that just popped up out of nowhere.
In fact, it’s one of the darlings of institutional investors and big funds.
And as we all know…
Once big money gets involved, investments tend to skyrocket to the moon. And now that companies like PayPal and Tesla are involved, this freight train isn’t going to slow down anytime soon.
Should you begin investing in Ethereum for the long-term?
Absolutely! The potential upside is likely greater than Bitcoin at this point. You’d likely benefit more by investing more in Ethereum and other smaller cryptocurrencies since they have more room to grow.
Are you ready to get started investing in a cryptocurrency IRA? Check out my review article of the top 3 cryptocurrency companies currently dominating this business.
The 10-Year-Old Underdog – Litecoin
Charlie Lee, of Google and Coinbase fame, launched Litecoin in 2011. It doesn’t seem like this crypto has been around for 10 years, but it’s been making the rounds for a while now.
What is so appealing about Litecoin?
For starters, many investors love it for a few poignant reasons that include:
- It’s lightning quick and creates new blocks every 2.5 minutes. This is actually 4x faster than Bitcoin if you can believe it.
- The maximum cut off is 84 million Litecoins. This is four times the size of the 21 million that Bitcoin will produce.
- Usability is off the charts with this cryptocurrency.
- The fees are incredibly low, which save you money if you intend to use it as a form of currency.
- Credit card companies charge higher fees than Litecoin. There’s finally an alternative way to pay for things that doesn’t cost a small fortune.
And even better…
Within the past year, Litecoin has gained 143% in value, which is also more than Bitcoin.
Even crazier, this investment has seen a 24-hour low of $266 and a 24-hour high of $317. Clearly, this is a volatile investment and one that you should hold for the long-term.
Trying to day trade this investment would drive you crazy. If you buy it at the wrong time, you could end up losing a ton of money. You have to be willing to hold on and wait for it to recover or you might get burned.
I hope you see that Litecoin is definitely the cryptocurrency to buy now. Take a moment to read my review of the 3 top cryptocurrency companies making waves in this business.
The 3rd Largest Cryptocurrency in the World – Ripple (XRP)
In truth, so many people fail to grasp the ultimate value of Ripple. They look at the price and see that it only trades for $1.62 per coin and they think it’s valueless.
These people are crazy! Believe it or not, this cryptocurrency has a total market cap of $162.22 billion, which is tremendous.
What makes Ripple so special?
For starters, over the past year it’s risen higher than any other cryptocurrency by a tremendous margin. Are you ready to get blown away?
In the past year, Ripple has gained 636% in value! I don’t know about you, but it’s this kind of insane returns that make cryptocurrency investing so outstanding.
Why else is it so powerful?
Well, big financial institutions are starting to jump on board. And that should surprise no one since it’s risen to the heights that it’s achieved.
But the big dogs currently buying Ripple include:
- J.P. Morgan Chase bank
- PNC Bank
- Mitsubishi UFG
- Standard Chartered Bank
- Santander Bank
- and many other major financial institutions
Some of the important highlights about XRP include:
- You can exchange it for most other cryptocurrencies
- It isn’t actually made up of blockchain, it’s made up of Hash Tree
- It can’t be mined
- Only 100 billion coins will ever exist
- Banks and other financial institutions seem to love it
Other Altcoins Worth Looking Into
I’ve shared all the big dogs with you so far, and they are definitely the best cryptocurrencies to buy now. But there are other smaller cryptos to consider as well.
A few of the less popular but potentially lucrative cryptocurrencies to invest in include:
- Chainlink – ticker symbol: LINK
- Tron – ticker symbol: TRX
- Zcash – ticker symbol: ZEC
- Steller – ticker symbol XLM
- Tether – ticker symbol: USDT
- Cardano – ticker symbol: ADA
- Bitcoin Cash – ticker symbol: BCH
- USD Coin – ticker symbol: USDC
- Algorand – ticker symbol: ALGO
- EOS – ticker symbol: EOS
I’ll periodically update this list with newer cryptocurrencies as they become more popular over time.
It shouldn’t surprise anyone to learn that Bitcoin is the cryptocurrency on everyone’s radar. But after reading the information that I shared today, it isn’t even close to the best investment.
XRP would have made you a ton of money if you invested in it this year.
It’s time to start investing in cryptocurrencies right away. And the best way to do it is through a cryptocurrency IRA.
Take 30 minutes of your time and spend it reading my review of the top 3 cryptocurrency IRA brokers. This invaluable information will help you find the perfect company to lead you toward a healthy and wealthy retirement future.