What are the top three cryptocurrencies currently?
It is safe to say that cryptocurrencies rule the financial industry today. They became a futuristic payment method and reports now state that there are around 7 million people that use them. As for the number of cryptocurrencies on the market, there is no exact number, but it is well-known that there are hundreds of them.
Not only can you make a profit with them, but they are also superior to regular payment methods as they are fully optimized for mobile use. Speaking of the number of cryptocurrencies, we wanted to name the current top three cryptocurrencies on the market and also share a few words on where can you trade with them. Let’s start breaking down the details.
Where can you trade with them?
Currently, the best option for trading cryptocurrencies is trading sites, especially if you are planning to make a profit from them. Here’s why. Not only do trading sites connect you with thousands of buyers from all over the planet, but they also have one additional service that will help you increase your profits.
They use advanced AI systems that are scanning the market and use the collected data to make accurate predictions on their future fluctuations. These predictions have proven to be very effective, which is why the profitability rate is high.
One of the most popular and most profitable trading sites is the Immediate Edge app, which will allow you to gain access to all of its services once you register. The best part about this trading site is that it supports numerous cryptocurrencies and you will have no problem investing in the one that you think has the greatest potential.
Now, let’s take a look at the top three cryptocurrencies on the market today.
The main feature that makes Tether special and different from other cryptocurrencies is its volatility. Most cryptocurrencies on the market have a very high volatility rate, which means that their value changes frequently. In most cases, they experience ups and downs daily. That is not the case with Tether.
Tether is currently the biggest stablecoin on the market as for every Tether unit on the market, there is one dollar that sits in reserve. Its stability is the reason why it is attractive to so many traders. As for its value, Tether is currently valued at $1.
Next up, we have the only cryptocurrency that can parry to an extent with the number one digital asset, which we are going to talk about later on. Ethereum was invented in 2015 and managed to rise up the ranks quite fast. One of the things that makes Ethereum stand out from the crowd is the fact that it supports the creation and exchange of Non-Fungible Tokens (NFTs).
Not only that, but Ethereum does have a solid price tag as it is valued at around $2,500.
Finally, we have the first cryptocurrency that was ever invented and the top-ranked asset on our list. No other cryptocurrency comes even close to Bitcoin. Bitcoin is superior in almost every aspect to the competition. For starters, a majority of crypto users on the market are Bitcoin users, the institutional interest in Bitcoin is massive, Bitcoin has greater liquidity, and most importantly – its value is second to none.
Currently, Bitcoin’s value is $40,000, but research shows that it can rise as high as $100,000 by the end of the year. Not only that, but Bitcoin has massive future potential as it is likely to hit $500,000 in 2030 and even reach the $1 million mark in 2037. Finally, it is worth noting that there are around 5 million Bitcoin users in the world.