Are you planning on building your fortune using cryptocurrencies?
If so, you’re probably wondering which crypto should I buy? With so many different choices available it’s hard to figure out which crypto types are worth your investments and which ones will break your bank!
This quick guide will help you decide which crypto is the best for different goals. This will help you prepare your crypto portfolio for a future financial crisis.
This is what you should know:
Decentraland
You may not have expected this unique altcoin to be on this list but there’s never been a better time to buy Decentraland. Decentraland allows you to make transactions in the metaverse to buy digital land.
Just as NFTs took off in the crypto space, we’ll soon find the same enthusiasm in the digital world. Digital real estate will soon bring about the same level of opportunities found in the physical world.
Ethereum
Speaking of NFTs, they’re still as popular as ever and Ethereum is the perfect crypto for investment. While you don’t strictly need Ethereum for NFTs it remains the preferred currency.
Consider buying Ethereum as a complement to other cryptocurrencies. As you accumulate more Ethereum, you might want to consider looking at different NFTs.
In the long run, buying NFTs might prove to be a worthwhile investment. It’ll all start with you buying your first Ethereum tokens.
Consider buying Ethereum gradually as there’s still concerns of whether the NFT craze will continue to be successful or will be a mere fad.
Bitcoin
Bitcoin is still the best cryptocurrency to buy for beginners and seasoned investors. Bitcoin serves three main purposes:
First, it’s a great investment asset. It remains the priciest cryptocurrency which means that you can sell it at a later stage for a huge profit. Don’t worry if the price is high as it’s likely to go even higher in the future!
Bitcoin is also a great hedge against inflation. It’s the equivalent to gold bullion in the digital world. If you want to protect your purchasing power, you might wish to convert some of your fiat into Bitcoin.
Bitcoin is also great as a form of currency. It offers a greater efficiency and security than other digital forms of payments such as bank transfers and credit cards.
As some societies are moving away from using cash, there’s a huge fear toward the possibility of Central Bank Digital Currencies. Bitcoin is considered to be a more favorable form of digital money away from the control of governments and central banks.
Which Crypto Should I Buy?
Now you know the answers to which crypto should I buy? and can work toward preparing yourself for a more prosperous financial future.
Decentraland is a great option for buying digital real estate as the metaverse becomes more popular. This might be a great option for investing in a new trend for the future.
Ethereum is a great crypto for buying NFTs which are another great investment asset at present. Bitcoin remains the best crypto solution for investing, hedging against inflation, and using as a money.
You can find more great crypto tips on our blog!
