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Are you worried about inflation and want to ensure that you’ve got financial freedom?
If so, you might want to consider looking into the cryptocurrency market. Cryptocurrencies are a great way to build wealth and hedge against inflation.
But what are the different types of cryptocurrencies that you should consider today? With so many on the market, it’s tough to figure out what’s the best cryptocurrency.
Here’s what you need to know:
This is a relatively new option on the cryptocurrency market and one that you might wish to consider.
At the moment, it’s one of the most affordable options on this list. You can look at the EOS price CAD to see how low it currently is for the average investor.
This is a great cryptocurrency to use for executing smart contracts. As such, you might want to consider investing in it as a digital asset for building wealth.
Since it’s an affordable option, you might want to consider buying if you can’t afford other cryptocurrencies. You can also look into converting EOS into other cryptocurrencies at a later stage.
This is the original cryptocurrency and it remains the most popular option for newcomers and veterans alike.
While Bitcoin is the most expensive cryptocurrency, it’s likely the best option for protecting against inflation.
It’s also a great option to use a form of currency. Already numerous digital and physical businesses accept Bitcoin as a form of payment.
As a general rule, most cryptocurrency investors on Bitcoin up consider owning at least some Bitcoin in their portfolio. Its high price is what puts many newcomers off. But you might want to consider slowly building your Bitcoin portfolio as you invest in other cryptocurrencies as well.
This has become a popular alternative to owning Bitcoin. It’s much more affordable and has faster transaction speeds than Bitcoin.
It’s been adopted by many businesses so it works as an alternative form of currency. There are even services that pay wages and freelance income with Bitcoin Cash. However, its low price doesn’t make it ideal as an investment asset.
One advantage of Bitcoin Cash is that it can get converted to Bitcoin if needed. As such, many investors like to hold both Bitcoin and Bitcoin Cash together.
Many investors consider Bitcoin Cash to be the superior form of Bitcoin. As such, they’ll focus on stacking Bitcoin Cash while avoiding Bitcoin altogether.
Those Are The Types Of Cryptocurrencies To Focus On
Now you know the types of cryptocurrencies that exist today and are among the most popular options for investors.
EOS is a relatively new player on the scene that’s affordable for most investors. It offers a low barrier to entry and is a great option to use for executing smart contracts.
Bitcoin remains the most popular option for building wealth and using it as an alternative form of currency. Bitcoin Cash is popular among some crypto investors because of its faster transaction speed and low cost.
You can find more cryptocurrency tips on our website!