With Bitcoin hitting mainstream, people are looking to diversify and adding more cryptocurrencies to their portfolios. Crypto Wealth offers you the chance to do just and to boost your investment along the way!
Your chance to become the next millionaire!
What is cryptocurrency?
Everybody is talking about Bitcoin and its meteoric rise but did you know that Bitcoin is only the first of many cryptocurrencies? What is a cryptocurrency you ask? We’ll tell you. A cryptocurrency is a digital currency that can be exchanged for goods and services online. It can also be bought as an investment like any other commodity such as gold or platinum. Much like gold and platinum, the value of a cryptocurrency is determined by supply and demand. The more people that want to buy them and the fewer of them there are, the more valuable they become.
Why is that?
Cryptocurrencies are completely decentralized, meaning that they operate without a central repository or single administrator. Simply put, they are not given value by a government treasury like the fiat currencies we are used to. This also means that unlike other currencies , hey are not regulated by banks and treasuries. Instead they are regulated by the users using a synchronised digital ledger called a blockchain.
How do transactions work?
When a cryptocurrency transaction occurs an equation is created using the unique ID of the coin and the seller, coupled with the seller’s secret passcode. The equations are solved by miners and then added permanently to a ledger stored on millions of personal computers all over the world. The first miner to solve an equation receives a coin as a reward. This is how new coins are introduced to the market. The complexity of the equations changes depending on how many people are trying to solve it. This prevents the market from becoming oversaturated.
Why should I invest now?
Since it was created and introduced into the market, the value of Bitcoin has skyrocketed. Many people who bought them when they were worth virtually nothing have made millions of dollars! Investing in one of the newer cryptocurrencies could be your chance to get in on the ground floor of the new Bitcoin!
Create your account with Crypto Wealth App today and get ready to invest in the future!
Top 5 Cryptocurrencies to invest in now!
Looking to find out which cryptocurrencies to invest in? We can give the ABCs of crypto coins so you can start investing now!
The original and still the best if you’re looking to see almost guaranteed growth and steady market returns. This coin has already completely changed the way we view and relate to currency and is the model the other cryptocurrencies are based on.
2. Ethereum (ETH)
Ethereum is changing the digital currency game. Even though it is not as valuable or well known as Bitcoin there is already a lot of buzz surrounding it. Ethereum uses Blockchain not only to support a digital currency but to create an entire decentralized software platform. The possibilities are endless!
3. Ripple (XRP)
There is a lot of hype around Ripple even though it is relatively low value. Ripple works on a platform called RippleNet which they claim is the most advanced Blockchain to date. It connects banks, payment providers, digital asset exchanges and corporates via RippleNet to provide a fast, seamless online payment system.
4. Litecoin (LTC)
Litecoin is often referred to as the little brother of Bitcoin. What makes it different is the speed of transactions, the number of coins and the market cap. Litecoin processes transactions faster than Bitcoin, has more coins available and ranks among the top 5 cryptocurrencies in terms of market cap.
5. Zcash (ZEC)
Zcash markets itself as more secure than Bitcoin. While all transactions are recorded on a Blockchain, details like the sender, recipient and amount stays private. It also gives the user the option of shielded transactions which encrypt content using the latest cryptographic technique. Perfect for those who want a bit more privacy.
You have the opportunity to participate in the cryptocurrency trend!