What are cryptocurrencies?
Cryptocurrencies are virtual currencies. They can be traded and traded like any other traditional currency, but are beyond the control of governments and financial institutions.
There are a large number of cryptocurrencies available, all with their own characteristics and applications. Those with the highest market capitalization are, at least for now, a minority that includes bitcoin, bitcoin cash, ether, litecoin and dash.
Should we invest in cryptocurrencies?
In the last decade, the emergence of cryptocurrencies has given much to talk about. In an increasingly digital world, many consider them the currency of the future, while others do not end up trusting the use of digital money. Few will be those who have never heard of Bitcoin, the rise of cryptocurrencies, the controversy created around them and whether we should invest in cryptocurrencies.
Investing in cryptocurrencies, yes or no?
The first cryptocurrency was Bitcoin, created in 2009 by Satoshi Nakamoto, although even today it is unknown who is behind that name, even if it could be the creation of a group of several people. Bitcoin was the beginning of new financial transactions without the control of governments or trusted entities, internationally and in anonymity. The value of the first bitcoin corresponded to $ 1 = 1,309.03 BTC and the first transaction was the purchase of a pizza with 10,000 bitcoins.
What are the most popular cryptocurrencies for traders?
One way to determine which are the most traded cryptocurrencies is to look at which ones are offered as CFDs on major trading platforms such as Plus500. Below you can see the cryptocurrencies that are most interesting to Plus500 users.
Screens of two iPhones with buying and selling cryptocurrencies in the WebTrader.
Illustrative prices.
A quick internet search suggests that the most popular cryptocurrencies on the market today are:
Bitcoin
Ethereum
Ripple XRP
Litecoin
NEO
IOTA
