Cryptocurrency is a digital currency that can be used to buy goods and services. So no physical coin or bill and everything is done online. Cryptocurrency can be bought through a credit card or a process called mining. Different brokerage accounts such as Robinhood and Webull allows you to buy and sell Cryptocurrency but not all coins are available. Investors can find everything on Coin Base and Binance trading platforms. Your bank is buying millions worth of cryptocurrency so please join.
What about Bitcoin (BTC-USD)?
Bitcoin is the leading cryptocurrency in the world as it reached $63,542 as of the 13th of April in 2021. Last year, Bitcoin was about $5,000 in March of 2020 that's over 1,000%! But I'm here to talk about other cheaper opportunities that can payoff in the future. Here's 5 of my picks that can potentially skyrocket soon...
**You can purchase a Tesla with Bitcoin.
ETHEREUM (ETH-USD)
The chart will speak for itself. Just look at March 25, 2021 the price per coin was $1,589 and as of April 13, 2021 it's $2291. October of 2020, while you were shopping for online clothing it was between $300-$400 per coin. According to CryptoPotato, economist predict $20,000 by the end of the year. I say $10,000 but whatever it is you wont regret the investment.
Litecoin (LTC-USD)
As of March 25, 2021 the price of Litecoin or LTC was about $173 and is currently $273 per coin as of April 13, 2021. Litecoin is much cheaper than both BTC and ETH. So cryptocurrency being too expensive is an excuse because there's cheaper options.
Binance (BNB-USD)
Binance is both a crypto coin that you can trade and a platform to buy and sell other cryptocurrencies. So you can download this app or buy & sell cryptocurrency on it that isn't available everywhere. March 25, 2021 Binance was $231.93 and on April 12, 2021 Binance reached $630. Once again, the chart speaks for itself.
Ripple (XRP-USD)
This is one of the cheapest cryptocurrency that's hot right now and the only one I'll do a quick math scenario with. Ripple or XRP reached $1.84 on April 13, 2021. March 25, 2021 it was $0.48. Yes cents. Let's say you wanted to buy $5,000 worth of XRP when it was $0.48 which would've resulted in 10,416 coins. April 13, 2021 you would've pocketed $19,165.44. It's on the move!
Cardona (ADA-USD)
Another cheap stock is currently valued at $1.41 as of April 13, 2021. January 2, 2021 Cardona or ADA was worth $0.17. You can do your own math scenarios for this.
Dogecoin (DOGE-USD)
Dogecoin reached $0.42 on the 20th of April in 2021. On March 25, 2021 it was worth less than a nickel. Remember dollar coin/token conversion is a huge difference.
Solana (SOL1-USD)
This is a huge sleeper! January 6, 2021 this Cryptocurrency was $1.91 and as of April 28, 2021 it's $45. As you can see there's investments out there that's not being talked about and they are skyrocketing.
If you notice I mentioned March 25, 2021 a few times and that's because all cryptocurrencies move together just like stocks do. That day the Crypto space took a dip. Invest with caution and speak to a professional before you make any decisions. But bust a move!
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