Cryptocurrencies have emerged as one of the best and high-quality investment options in recent years, more so in the last couple of years. There has been a huge growth in the number of crypto users everywhere in the world, but the demand has been truly unprecedented in developing countries like India, where small retail investors are using crypto as a way to earn extra money or income through trading.
And why not? Cryptocurrencies have made many people millionaires who chose to trust this digital asset to earn an income through trading and investing. There are many ways to earn with crypto. Some choose to trade digital currencies to earn quick profits while others want to invest and hold for the long term.
No matter which kind of crypto investor you are, here we are going to tell you about 5 cryptocurrencies that can make you rich this year.
1. Libra Coin
Did you know Libra was one of the fastest-growing cryptocurrencies last year? Despite being a new cryptocurrency, the Libra Coin has outstanding demand and value in the market. This is because it is backed by great value and a high potential blockchain-based ecosystem called the Libra ecosystem. This year, more people are likely to adopt Libra as a way to streamline e-commerce and make digital payments accessible & affordable for everyone.
This one needs no introduction. Bitcoin is a legendary coin, and now you can buy it at a bargain price because it has come down to less than half from all-time high. Yes, you heard it right. I know people who purchased bitcoin at above $60,000. And this is a golden opportunity for anyone to buy the token at nearly half the price. So, what are you waiting for?
The native token of the Ethereum blockchain also needs no introduction. Ethereum was the first blockchain to introduce smart contracts and enable the development of DAPPs. It is also the blockchain behind very popular NFTs. That means ETH is one of the best tokens you can invest in today. And now that the coin price is lower than the average, buy it before it’s too late.
Tether or USDT is a stable coin that was created to give users a less risky alternative to bitcoin. Tether coin’s price is linked with the US dollar and is always stable with the USD price. So, you can buy and store this coin as a hedge against your investment in high volatility coins such as bitcoin and ETH. Also, most exchanges use USDT for trading with other op cryptocurrencies, so it is easy to find an exchange to buy-sell USDT.
Created as a meme coin, DOGE is now one of the top-rated coins on the CoinMarketCap website. Nobody knows why the coin price is rising, but it is. And many people have made millions by investing in it. If you also want to become rich and are ready to take some risk for it, do invest in DOGE. But remember, invest only what you can afford to lose.