Who doesn’t dream of becoming a millionaire, or even a billionaire? We get you, becoming this rich is definitely hard and sometimes unattainable, but luckily, investing in Cryptocurrency is one of those investments that could suddenly make someone a millionaire.
This is because Cryptocurrency has a volatile nature that may cause their prices to skyrocket at any time.
While there are many different types of Cryptocurrency that you can invest in, not every type is worth your investment. In fact, you could possibly lose some money when you invest in the wrong Crypto.
So, What are the best digital coins to invest in?
Today, we’re delving into the world of Crypto to find out the top 5 Cryptocurrencies that can make you a millionaire.
With that being said, let’s get down to business!
1. Bitcoin (BTC)
You already expected Bitcoin to be on the top of our list. Bitcoin can be described as the mother of all digital coins. Since it came to light back in 2009, Bitcoin has been serving as an inspiration for creating all types of Cryptocurrency that we see now. And it’s not a secret that investing in Bitcoin can be more profitable than investing in other types of Crypto, especially that this coin is the most well-known one among other coins and receives the most attention from online exchanges and financial institutions.
Bitcoin gains its value from the fact that it has a limited supply of only 21 million coins, which makes it even more attractive for investors to own, since there won’t be more BTC in the future, ever.
BTC seems promising and less risky when compared to other altcoins, this is why we recommend beginners to invest in Bitcoin as it has a higher chance of generating profits. Moreover, the market of Cryptocurrency is dependent on BTC—when its price goes up, the rest of digital coins’ prices follow, and when the price of BTC drops, the prices of altcoins follow. Bitcoin is truly the master of all Cryptocurrencies!
And we don’t even say that investing in BTC ‘might’ make you millions, because many investors have already made millions from investing in BTC. So, unlike other newly-introduced coins, Bitcoin has proved with time that it’s worth investing in. So yeah, Bitcoin can pretty much make you a millionaire, or even a billionaire if you’re a super smart investor!
2. Ethereum (ETH)
Ethereum is definitely one of those coins that could possibly make you rich. BTC has long been the most well-known coin in the industry, with ETH continuously coming in second. This makes ETH a strong competitor in the Crypto market that is definitely worth your investment.
Thanks to ETH’s huge climb up to $4k in 2021, this digital coin has been making big money to many investors and doesn’t appear to be slowing down. Some even argue that ETH may eventually supplant BTC since the utility of Bitcoin is less than Ethereum’s.
All of these reasons can make investing in Ethereum generate high profits that may even exceed what the profits from investing in Bitcoin.
3. Dogecoin (DOGE)
Since it was introduced on December 6, 2013, Dogecoin has been attracting much attention due to its fun nature and potential high gains. This fluffy coin is considered as a good investment that could possibly generate you millions of dollars while setting down.
But let’s go back in time to know the exact reasons behind the popularity of DOGE. Dogecoin was launched in 2013 by software programmers Jackson Palmer and Billy Marcus. The icon of Dogecoin was inspired by the popular meme that people always misspell ‘doge’. DOGE gained popularity as a fun Crypto thanks to the assistance of its committed fans, the majority of whom have high levels of activity on Reddit. The involvement of Elon Musk also boosted DOGE’s popularity after declaring himself a Dogecoin supporter.
Dogecoin investors have a good chance of generating high profits—investing in DOGE has actually made some people big money so far. You should also join the fun and invest in this meme coin as it seems promising so far!
4. Binance Coin (BNB)
Binance is a well-known online exchange that is used to trade Cryptocurrencies. Binance exchange is the world’s largest Crypto exchange as of Q2 2022, boasting a large volume of $7.6 billion. Binance Coin, or BNB, is a Cryptocurrency that was introduced by Binance for the purpose of paying fees on the exchange.
More people are now investing in Binance Coin because of the numerous benefits it has over other coins. You can use BNB to do other things outside Binance, such as making a credit card payment, buying a virtual gift, paying for a travel arrangement, donating to a charitable organization, making a loan, or making an investment. All of these uses add more value to Binance Coin, since you’re not limited to use it only on Binance exchange; but for many other important transactions.
However, Binance has been banned in countries like the United Kingdom due to security concerns, so this might be a issue that prevents some people from investing in BNB.
5. Cardano (ADA)
Cardano may also be a winning investment to help you get rich fast. In 2021, ADA was strongly competing with ETH, sometimes being referred to as ‘Ethereum-killer’. Some argue that Cardano is superior to Ethereum in a variety of respects. The value of ADA is largely anticipated to rise with time, so you may want to consider getting some Cardano coins to earn big bucks while setting down!
While all of the Cryptocurrencies we mentioned above can be great investments, it’s important to be aware of the risk involved in investing in digital coins. Trading in Cryptocurrency is not for everyone—you have to be prepared to lose your money at any time since this market is not risk-free whatsoever. So, before making a rushed decision and deciding to invest in BTC, ETH, DOGE, BNB, or ADA, we highly recommend that you weigh up the pros and cons of investing in any of these coins first. Other than that, these were the top 5 Cryptocurrencies that can make you a millionaire with minimal risk!