Crypto investments are trending nowadays. You will find several people looking to make a massive investment in cryptocurrencies. It is a common strategy followed by investors to invest in top-performing assets. In the case of cryptocurrencies, most people are interested in investing in top cryptocurrencies.
Bitcoin is the number one cryptocurrency, priced at around 61,589 AUD. However, Bitcoin is out of range for many investors due to its high price. In such a scenario, people can invest in Altcoins. Altcoins are also cryptocurrencies. They are priced lower but can give high returns.
If you are looking for altcoins for investment, here are the best altcoins to buy.
The top altcoins you can buy are Ethereum, Avalanche, Terra, Solana, Cardano, Polkadot, and Dogecoin. Here is some vital information about the most popular ones.
- Ethereum – Ethereum is the second most popular cryptocurrency. One Ethereum costs around 4,553.53AUD. Experts are hopeful of a price rise in Eth, and its price is expected to cross $9800 by 2024. you could see Ethereum’s price cross the $10,000 mark by 2025. Hence, Ethereum could be an excellent altcoin to invest in.
- Dogecoin – Dogecoin is ranked 12th in the cryptocurrencies list. It is priced at around 0.21AUD. However, experts predict that Dogecoin has a promising future, and you could see its price rise to $25.38 by 2030.
- Solana – Solana is ranked 6th in the cryptocurrency list, and it is priced at around 181.99 AUD. As per price predictions on different crypto platforms, Solana’s price will reach $523 by 2025. Hence, it could be a good investment for you.
How to buy altcoins safely?
Now that you know the best altcoins to buy, the next question is where to buy them. Remember, cryptocurrencies are high-value assets, and there is a great demand for them. Hence, crypto thieves and hackers are looking for opportunities to steal them from you.
You need to choose a secure exchange. The best place to buy altcoins is a crypto exchange. Several platforms allow you to trade altcoins. However, not all crypto platforms are safe, and some are scams that are specifically designed to rob your hard-earned money.
Here are the things you need to consider when selecting a crypto exchange.
Wide variety of altcoins
As per the market report, more than 5000 altcoins exist, but none are suitable for investment. Hence, you need to select stable and popular altcoins for investing. Remember, the exchange may not offer all altcoins for the investment you are interested in buying. Hence, you need to check the different altcoins supported by the exchange before registering. It will allow you to diversify your investments in various altcoins that will help reduce risks and help you reach your financial goals.
Good security features
The security of the platform is as important as the variety of altcoins. Unfortunately, cryptocurrency thefts are a reality that you have to deal with. As per the recent market report, hackers exploited the vulnerability to rob cryptocurrency worth $1.1 billion in 2018. Hence, it would be best to look for a crypto exchange with good security features like advanced two-factor authentication and fast biometric logins to keep your altcoins safe.
Investing in altcoins is a good option because they are available at lower prices and have tremendous growth potential.