The best crypto coin to invest in for the long term
Today, cryptocurrencies are not speculative investments. Individual and institutional investors take digital assets very seriously. With so many digital currencies in circulation, investors believe that digital currencies are useful not only for short-term profits but also for long-term investments. But which one is worth investing in?
Dogecoin (DOGE)
Since its inception, this coin has been heavily mined. It is still in the speculative stage and has not crossed the dollar mark. But it has good circulation and an infinite ability to extract more.
Currency Binance (BNB)
Similar to Bitcoin, the number of tokens in circulation is limited to 200 million coins. We also run a quarterly program that destroys or "burns" most coins throughout the year. These are the main reasons for the price increase.
Tether (USDT)
One of the first cryptocurrencies pegged to the US dollar. It is a blockchain-based cryptocurrency. The currency is backed by the bank's fiat currency.
XRP (XRP): The Best
XRP validates transactions via a consensus protocol. In this case, a majority of validators must accept the transaction in order for the validators to successfully approve the transaction.
• Work Efficiency (Work Efficiency)
XRP: XRP uses a consensus protocol that can process transactions within seconds at a very low cost and consumes very little energy. For this reason, XRP is considered an eco-friendly cryptocurrency.
Bitcoin: Bitcoin takes an average of about 10 minutes to process a transaction, has higher processing fees than XRP, and mining Bitcoin requires a lot of energy.
• Number of Coins
XRP: The maximum supply of XRP is 100 billion tokens or coins.
Bitcoin: The maximum supply of Bitcoin is 21 million. This is why the price of Bitcoin is much higher than the price of XRP.
• Using Different Distribution Methods
Bitcoin: Bitcoin distributes Bitcoin using the method of “Bitcoin mining”. Mining adds new coins to the Bitcoin supply chain until the 21 million mark is reached.
XRP: It's completely different from XRP. In this case, the coin has already been mined.
Ripple creates a smart contract that locks 55 billion XRP in escrow (escrow), monthly Ripple 1 billion funds are raised through the sale of these XRP, and unsold XRP is re-stored in new escrow I made an account
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