By investing in cryptocurrencies, you gain access to digital tokens that can be traded and exchanged with the possibility of gaining considerable profits. Cryptos are unique digital currencies built on secure blockchain technology that provides transparency and security without needing a third party such as banks.
Bitcoin, the most renowned cryptocurrency, made its debut in 2009. Subsequently, thousands of alternative digital currencies have been created with their own exclusive attributes and investment opportunities.
In this article, we will discuss, what’s the best digital currency to buy and talk about the promising token released by WhiteBIT, the WBT to USDT price, and where to trade it.
Top 10 cryptocurrencies to buy now:
- BTC
- ETH
- BNB
- XRP
- ADA
- MATIC
- DOGE
- SOL
- DOT
- TRX.
These are the best cryptos to invest in based on the coins’ market cap. Let’s see what is the role of capitalization and how are coins divided.
What is the Effect of Market Cap?
With crypto assets, the market cap is key in distinguishing between them. The market cap represents all of the coins or tokens circulating and it reflects their total value. Assets with a higher market cap appear to be more reliable and secure, whilst those with lower are seen as riskier investments due to their speculative nature.
Cryptos with a market capitalization of $10 billion or more are referred to as “large-cap” assets. Bitcoin, Ethereum, and Binance Coin all fall into this category and tend to be the most reliable when it comes to price stability and liquidity (we put these assets at the top of the list). With an established history of success, these tokens have become widely accepted by investors around the world.
Crypto assets with a cap between $1 billion and $10 billion are commonly labeled as “mid-cap” assets. Chainlink, Polkadot, and Solana are just a few of these digital currencies. Although mid-caps tend to be more speculative than large-cap cryptos when it comes to price performance, they still boast a significant user base and noteworthy track record in the industry.
Small-cap cryptos, or those with a market cap below $1 billion, can be very lucrative investments but also carry high risks. Examples of such assets are WhiteBIT token, Sandbox, and NEO tokens. These types of cryptos usually have less liquidity which makes them more susceptible to volatile price swings. However, when the market moves up, these assets easily skyrocket and show good results in a shorter time.
So the best option is to diversify your investment portfolio, adding coins from the mentioned categories. We recommend buying the WBT token as a part of your investment, for this is a promising asset with a lot of benefits. The token is traded at $4.76 (March 2023) and listed on large platforms such as Huobi, Gate.io, Hotbit, etc.
