Guide to Participating in the Growing Cryptocurrency Investment Market

Digital currencies, often called cryptocurrencies, are emerging as the future of money. Built on blockchain cryptography, these currencies have disrupted traditional finance. Most governments do not recognize cryptocurrencies as legal tender, keeping them outside centralized financial regulations. Transactions are recorded on blockchain ledgers, which are transparent and publicly accessible systems.

Since Bitcoin's inception in January 2009 by the pseudonymous Satoshi Nakamoto, blockchain technology has become the foundation of cryptocurrencies. Over time, numerous other digital currencies have been developed, with nearly 3,500 in existence today, and the number continues to grow rapidly.

Initially, cryptocurrency investment was reserved for tech-savvy individuals. Recently, however, more investors, especially millennials, are attracted to digital currencies for their profit potential. To learn about the best cryptocurrencies to consider now, how to invest wisely, and optimal timing, keep reading.

When Is the Right Time to Invest in Cryptocurrency?
As interest in digital currencies grows, now appears to be an excellent moment to enter the market. Since 2017, cryptocurrencies have gained significant attention among investors. Early on, Bitcoin was the only prominent coin, with initial investments dating back to 2010. Early adopters who invested in Bitcoin have often seen substantial returns, transforming them into millionaires. Yet, investing in cryptocurrencies involves risk, including potential hacking threats.

Despite these risks, investments are rising, and since 2017, cryptocurrencies like Aeternity, Bytom, and EOS have yielded profits between $1,000 and $2,500 on $1,000 investments as of early 2018.

How to Invest in Cryptocurrency
Understanding blockchain basics is crucial before investing. Recognize that the market can be highly volatile, and gains are not guaranteed overnight. Start with small investments. Create accounts on reputable digital exchanges or install their apps. Many exchanges require identity verification through government-issued IDs. Link your bank account or credit/debit cards, and use buy/sell features to trade cryptocurrencies. Funds transferred into your exchange account will be used for purchasing assets and withdrawing profits.

Top Cryptocurrencies to Consider Buying Now
Despite the explosion of digital currencies, only a select few have shown consistent profitability. Here are the top five cryptocurrencies to consider today:

• Aeternity: Currently the leading choice with a price of $1.30 as of January 1, 2018. An investment of $1,000 could potentially grow to around $3,496.
• Bytom: Priced at $0.37 on the same date. Investing $1,000 could yield roughly $1,849 in profits.
• EOS: Valued at $8.84 initially. A $1,000 investment might earn about $2,081.
• TRON: An affordable option at approximately $0.052. With $1,000 invested, gains could be around $917.
• VeChain: Started at $2.43, with potential returns of about $908 on a $1,000 investment.

Beyond these, Binance Coin and NEO are also popular options known for high returns among the top 10 cryptocurrencies.

Emerging Digital Currencies to Watch
The rapid growth of the crypto sector means new projects are constantly emerging. Some promising new cryptocurrencies include:

• Callisto: Asset owners of Ethereum Classic have access to Callisto, which introduces cold staking—earning interest by holding coins.
• GiraCoin: Developed by Swiss company Gira Financial Group, GiraCoin operates independently of the Swiss banking system.
• Royal Coin: Sponsored by the British Monarchist Society, proceeds from Royal Coin sales support various charities, commemorating royal events.