Which Cryptocurrency Should You Invest In? A Beginner’s Look

Cryptocurrencies are a relative newcomer to the financing scene, but they are already making massive waves in the industry. Since their humble beginnings in 2009, they have managed to become a major player, and are likely to change the way we handle money virtually from the ground up.

From then till now, their worth has increased by almost ridiculous amounts. As they show no signs of getting any less lucrative, more and more people are looking to get in on the action. However, knowing which crypto to put your money in isn’t exactly a cake walk.

Today, there is a vast array of cryptocurrencies out there. Well over a thousand, in fact. From the massive ones worth thousands of US dollars to the ones worth only a few cents, many of them are also specialized and serve very specific functions.

Which Cryptocurrency Should You Invest In?

This makes investing in them a daunting prospect for any would-be investor, especially in the eyes of a newcomer. So, a question arises in those looking to entrust their hard earned cash to a cryptocurrency: which one should you go for?

As mentioned above, there are a lot of cryptos to choose from, and zeroing in on the one that suits you can be quite the task. A lot of them seem really similar or, to further compound the issue, they all seem to have both good and bad aspects to them.

In such cases it’s a wise idea to turn to this old adage: knowledge is power. Being as informed as you can is key to making a good call, especially when dabbling in a risky enterprise like investing.

Knowledge is Power

There’s something to every crypto that makes it special, so it’s a good idea to see what they are about and if they seem like a sound decision to put your eggs in that basket, depending on what you’re looking for.

With all this in mind, the following infographic presents some of the major cryptocurrencies right now. Below you can see the basic yet crucial information regarding each crypto.

These include details like their market cap, the amount of them in circulation, the year they were made, and so on. It’s an excellent starting point from which to gauge whether or not a crypto feels right for you to put the money in. Giving it a read will be a prudent first step towards making a safe investment.