Fast Growing And Stable Cryptocurrencies For Student Investment

In 2009, people faced a financial crisis, and in response to this problem, bankers offered Bitcoins. Many people considered the replacement ineffective because it is a digital currency – no one could have imagined that Bitcoins were a new and powerful asset. Today, Bitcoins are considered the most profitable and best cryptocurrency to invest in. However, there are other valuable cryptocurrencies, making cryptocurrency investment for students an increasingly popular choice.

The cryptocurrency market is the most extensive and is worth over $ 1.3 trillion. If you can’t choose the coolest coins for investing, you can use our review and advice. Why is it essential to invest in the right cryptocurrency? So that your income does not exceed expenses! We have collected seven of the most convenient and profitable crypto coins for student investment.

Litecoin

Charles Lee developed the Litecoin cryptocurrency in 2011. In his project, the developer tried to preserve all the advantages of the Bitcoin cryptocurrency and strengthen them, eliminating the existing errors. Already two years after its inception, Litecoin was rightfully considered the central reserve digital currency after Bitcoin. In 2016, it became the second most expensive and fastest-growing cryptocurrency, making it a popular choice for cryptocurrency investment for students.

The creators of Litecoin set a goal to surpass Bitcoin in all respects and make LTC the leading cryptocurrency in the digital market. Many have already noted that Litecoin has grown significantly – Litecoin is among the top 7 cryptocurrencies with the highest market capitalization. Therefore, the version about the replacement of Bitcoin no longer seems so fabulous. Litecoin has higher throughput and lower transaction fees, making it a strong alternative for Bitcoin investment.

On Litecoin, all known world cryptocurrency systems are guided today, which speaks of its strong positions. Moreover, online stores and online paper writing service are planning to introduce payment with this cryptocurrency. Litecoin currently has a market cap of $ 4 billion and costs $ 190 per token. If your priority is the speed of trading operations, guaranteed confidentiality of transactions, the security of your accounts, and protection from hacker hacks, then you can safely invest in Litecoin.

Bitcoin Cash

The history of Bitcoin began in 2008 with the posting on the network of a message by Satoshi Nakamoto. He announced the creation of a new cryptocurrency. The purpose of Bitcoin was to create a means of payment that allows you to pay anonymously online without intermediaries, making it an attractive option for Bitcoin investment.

This is the first decentralized currency, which differs from monetary units and payment systems created before it. Bitcoin is not tied to assets, national currencies, and the cost of coins regulates the supply and demand of the market. Today Bitcoin is the most popular cryptocurrency in the world. Along with this, the value of the currency is also growing and will increase.

Etheruem

A young developer, Vitaly Buterin, became passionate about blockchain technologies. In 2012, he founded Bitcoin Magazine, a specialized publication for cryptocurrency enthusiasts. Between 2013 and 2015, Buterin developed a decentralized platform for working with smart contracts using blockchain technology. This platform gave birth to a new cryptocurrency called Ethereum. It turned out to be highly successful and promising. As a result, Buterin formed business partnerships with world-famous companies, including IBM, Microsoft, and JPMorgan Chase.

Ethereum, created on software code with a higher level of reliability, allows users to pay for homework help, clothing, food, or other services and develop different decentralized applications. It takes only about 15 seconds to form a new block of Ethereum, which is several times faster than for Bitcoin. Ethereum is today the leader in implementing the Smart contract concept in the field of financial relations. That is why it is considered a promising digital currency and the future of the digital economy.

Cardano

Cardano is a blockchain platform that developed a cryptocurrency known as ADA. For the first time, the idea of the project was provided by the co-founder of Ethereum Charles Hoskinson in 2015. It took two years to implement the project – in 2017, people began to use the ADA cryptocurrency actively. The creator of Cardano named the cryptocurrency after Ada Lovelace, better known for her work on a computing machine in the 19th century.

The main advantages of Cardano are environmental friendliness, which is essential for many countries. For example, China and Iran banned mining a few years ago, arguing that the computers used in the process consumed too much power and caused power outages. With the advent of Cardano, this problem disappeared, and countries re-opened access to mining. Moreover, Cardano’s strong market capitalization reflects its growing influence in the cryptocurrency sector, further supporting its widespread adoption.

If we compare Cardano with Bitcoin, this cryptocurrency consumes ten times less energy – only 0.006 terawatts per hour. Thanks to Cardano, the annual emissions from bitcoin mining have decreased. Therefore, if you want to conserve nature and save on energy consumption, Cardano is a great choice. Cardano currently has a market cap of $ 71 billion – one ADA equals $ 2.50.

Dogecoin

Dogecoin is a cryptocurrency based on the popular Shiba Inu dog meme. It was created by Billy Markus and Jackson Palmer in 2013 based on the Litecoin code. They hoped to launch a digital asset that is more interesting and more attractive to new users than Bitcoin without adding any technical delights, making it a viable option for cryptocurrency investment for students.

The creators compared Dogecoin to “a little change that you throw in a piggy bank when you come home.” The cryptocurrency gained fame among the general public thanks to the attention of Tesla CEO Elon Musk, who repeatedly wrote about it on Twitter, which subsequently resulted in a rapid rise in its rate.

Dogecoin was created so that anyone could mine it on a CPU or GPU by following the summary guide. The Dogecoin blockchain can process about 30 transactions per second – transaction processing fees are usually around a cent. Today, Dogecoin has 130 billion coins in circulation and is growing every year.

Polkadot

Polkadot is a segmented bridging protocol that supports communication between other cryptocurrencies, enhances value transfer, and improves blockchain security. The idea was introduced by Gavin Wood, co-founder of Ethereum and founder of Parity Technologies, at the end of 2016. The project was released at the end of 2020, offering a promising opportunity for cryptocurrency investment for students looking for diverse options in the digital currency space.

The main idea behind Polkadot is to connect private and consortium networks, public and permissionless networks, oracles, and other technologies. Polkadot provides secure Internet access for cryptocurrency holders and makes it easy to access platforms. Independent blockchains can exchange information and transactions without trust using the Polkadot relay chain.

Polkadot is rapidly gaining traction in the Defi space and the broader crypto community. With easy integrations, available grants, and a general layout, Polkadot projects are gaining value, and the Polkadot Association seems to have a positive impact on the project’s token value.

Binance Coin

Binance Coin is a currency created by the developers of one of the largest cryptocurrency exchanges in the world – Binance. Launched in July 2017, the coin quickly became a key part of the Binance ecosystem. It offers a range of benefits, such as reduced fees on trades and a wide variety of uses within the platform.

The main difference between Binance Coin and other cryptocurrencies is that it serves as a token within the ecosystem of the largest exchange. This provides ample opportunities for its use. For example, you can use BNB tokens to pay commission fees when trading on the Binance exchange. By doing so, you receive a discount on those fees. This makes Binance Coin an attractive option for cryptocurrency investment for students, offering both utility and value within the Binance ecosystem.

You can also use BNB tokens to pay commission fees for transfers and withdrawals. Additionally, you can participate in IEOs, buy digital currencies available on the exchange, store tokens, and receive additional dividends. The extensive use of this token indicates its high demand among platform users. It also provides excellent potential for further development and distribution. Binance has consistently ranked first in trading volume among all cryptocurrency exchanges in 2018, 2019, 2020, and 2021.