{"id":1981,"date":"2021-01-22T20:31:25","date_gmt":"2021-01-22T17:31:25","guid":{"rendered":"https:\/\/evercodelab.com\/blog\/?p=1981"},"modified":"2025-09-11T13:15:16","modified_gmt":"2025-09-11T10:15:16","slug":"investing-in-cryptocurrency","status":"publish","type":"post","link":"https:\/\/evercodelab.com\/blog\/investing-in-cryptocurrency\/","title":{"rendered":"Investing in cryptocurrency"},"content":{"rendered":"

Cryptocurrency has captured investors\u2019 imaginations. While the world is moving towards the digital realm because of COVID-19, buying cryptocurrency can be more profitable than ever. More and more companies such as Microsoft and Overstock use cryptocurrencies for business. However, until recently, cryptocurrency was not widely considered as an investment tool or payment method for international transactions, but times are changing. Cryptocurrency wallets and exchanges allow people to invest easily, but the process is still more complex than acquiring a traditional currency. The crypto market remains highly volatile. Here are the smartest ways to invest in cryptocurrency. However, if you want to learn more comprehensively how to use cryptocurrency for business, Evercode Lab can offer you a consultation.<\/p>\n

What cryptocurrencies are worth investing in?<\/h2>\n

There are more than 2,000 cryptocurrencies on the market today. According to Capital<\/a>.com here are three of the most promising cryptocurrencies to buy in 2021 that are making headlines around the globe. However, please note that this is not\u00a0 advice.<\/p>\n

1. Bitcoin<\/strong><\/p>\n

Not surprisingly,Bitcoin is the first in this guide, being one of the most expensive and mass-adopted cryptocurrencies that has ever existed. Despite suffering a major crisis in March as well as\u00a0 other crises, Bitcoin has always quickly recovered, and the current price is about $38k with a market capitalization of $711.30B. Experts <\/a>claim that it could rise in price up to $100,000 mark by the end of 2021. Bitcoin is the largest cryptocurrency measured by market capitalization.<\/p>\n

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2. Ethereum<\/strong><\/p>\n

At the moment, Ethereum is the second most decentralized cryptocurrency after Bitcoin. Ethereum is the second most liquid cryptocurrency in the world with smart contracts that guarantee security. The current ETH price is about $1100 with a market capitalization $133.48B. It is also worth remembering that Ethereum is still the largest blockchain.<\/p>\n

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3. Litecoin (LTC)<\/strong><\/p>\n

Litecoin is usually referred to as the silver of cryptocurrency. One of the most affordable cryptocurrencies that has great potential, Litecoin is faster with transactions than Bitcoin. The current price is about $145 with a market capitalization of $9.81B. However, taking into account given that the coin started at the price of $81 on December 15, and it almost doubled the price in a month, it is understandable that LTC is among the top five cryptocurrencies to trade with.<\/p>\n

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Advantages and disadvantages of investing in cryptocurrency<\/h2>\n

Ensure you carry out thorough research before making any investments. Entering the market without proper groundwork can result in serious losses. One of the reasons why so many investors are still in doubt about cryptocurrencies is because the worst thing is investing without sufficient knowledge. It is necessary to analyze all potential risks, opportunities and market prior to investing. Here are the main pros and cons of making profit on cryptocurrency.<\/p>\n