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The cryptocurrency market has been on a stagnant rise with several alternate coins giving handsome profits. In this article we would be recommending you 3 such coins which are a must have in your portfolio. For any of our new investors, we would also be helping you purchase your first cryptocurrency with a small guide on how to buy Bitcoin in Canada.
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Top 3 cryptocurrencies to watch out for in the current rullrun
The cryptocurrency market has been on a stagnant rise with several alternate coins giving handsome profits. In this article we would be recommending you 3 such coins which are a must have in your portfolio. For any of our new investors, we would also be helping you purchase your first cryptocurrency with a small guide on how to buy Bitcoin in Canada.Let’s get started.
1) Bitcoin: Bitcoin is the alpha coin which determines the movements of all the other coins. In the current times Bitcoin is treated to the equivalent of gold and that itself is a very big confidence booster for any investor. Bitcoin’s most unique advantage comes from the fact that it was the very first cryptocurrency to appear on the market. It has managed to create a global community and give birth to an entirely new industry of millions of enthusiasts who create, invest in, trade and use Bitcoin and other cryptocurrencies in their everyday lives. The emergence of the first cryptocurrency has created a conceptual and technological basis that subsequently inspired the development of thousands of competing projects. A key point to note here is that there are only 21 million Bitcoins in circulation in the entire market and this scarcity will always inflate its prices.
2) Ethereum: Only second to Bitcoin, Ethereum has managed to turn several heads since its inception in 2015. Ethereum has pioneered the concept of a blockchain smart contract platform. Smart contracts are computer programs that automatically execute the actions necessary to fulfill an agreement between several parties on the internet. They were designed to reduce the need for trusted intermediates between contractors, thus reducing transaction costs while also increasing transaction reliability. Ethereum is all set to have a bright future and according to several analysts it has the potential to overtake Bitcoin in terms of market capitalisation. This is a great opportunity to accumulate Ethereum at current prices.
3) Bitcoin Cash: Bitcoin Cash was introduced as an alternative to Bitcoin to perform transactions. As Bitcoin users increased, the transaction time while using the platform also increased which caused several inconveniences to its users. This is where Bitcoin Cash takes over, it is a currency solely developed for executing transactions and similar to Bitcoin it has only 21 million tokens in circulation through the entire market.
How do I get started?To get started it is first very crucial to find the right exchange to trade in, if you are looking to buy Bitcoin Cash in Canada or any of the cryptocurrencies mentioned above then you should definitely visit the Netcoins website. Netcoins is one of the top rated brokers for cryptocurrency trading in Canada, their seamless platform ensures that you have an elite experience by maintaining the best level of security. All you need to do to get started is log onto the Netcoins website, create an account, fill in the necessary details and then you just need to transfer money into your wallet and begin trading.SOURCE CREDIT: https://howtobuylitecoinincanada.blogspot.com/2021/08/top-3-cryptocurrencies-to-watch-out-for.html
