One of the most popular cryptocurrency exchanges is Coinbase. However, it offers a confusing selection of cryptocurrencies to purchase. Let’s take a look together at the best Coinbase crypto to buy for the best performance.
The post lists and shortlists the best cryptocurrency to purchase based on several factors. It lists the pros and cons for each coin regarding accessibility, and longevity in market-cap ranking. It also highlights other relevant details such as volatility and recent accomplishments within its blockchain project.
Ethereum – One of the Best Coinbase Crypto to buy
Ethereum is the second most popular cryptocurrency in the world behind Bitcoin. It has a market capitalization of $31.6 billion, far less than its competitor with a market capitalization of $138 billion. The long-term potential of Ethereum makes it our pick for the best Coinbase Crypto to Buy!
The coin had huge gains in 2017 and reached a high of $1442. Which is more than four times higher than its current price of $285. It has a current market cap of $11.3 billion, which is more than the market capitalization of three other coins listed above it.
Its popularity is largely due to the high number of ICOs that have been launched on its blockchain. And the fact that it has high liquidity. However, compared to bitcoin, it is not as popular in terms of investment Moreover investors favor bitcoin for trading volumes as well as its technology.
Ethereum has established itself as an e-commerce coin among other cryptocurrencies by offering an easy way to start building smart contracts on its blockchain platform. Its blockchain is private and secure, however, the amount of coins held by the company has been questioned. In July 2018 it transpired that the holdings of several companies were inflated by 20-30% – this created a lot of controversy in the market as many investors and traders believed that the company was holding back around 80% to enable them to run as many large ICOs as possible using their platform.
Litecoin – Second best Coinbase crypto to buy
Litecoin is the third largest cryptocurrency, with a market capitalization of $3.3 billion.Far behind its competitor Bitcoin which has a market capitalization of $138 billion.
it has achieved several milestones in 2017 and it is currently the third most popular cryptocurrency by market capitalization. It surpassed both Bitcoin Cash, which has a market capitalization of $3.7 billion, and Ripple which has a market capitalization of $8.7 billion.
Litecoin is considered to be superior to bitcoin in several ways, such as its faster transaction speed, low fee transactions, and that it can handle larger volume transactions than bitcoin. Litecoin has been at the forefront of promoting altcoins, and its market capitalization increased by over 150% in 2017. It was one of the first altcoins that adopted SegWit and it has a larger maximum supply of 84 million coins as opposed to bitcoin’s 21 million coins.
Litecoin is an extremely popular cryptocurrency, proving its usability and ease to use, even those who are new to cryptocurrency jumping on board.
Tether is one of the oldest cryptocurrencies in the market and is not only very popular but also widely used. More than half of the Tether money supply is in the hands of a single entity, which raises many questions as to whether or not it is being used as a tool in market manipulation.
Tether has been accused of being used to propel altcoins to manipulate prices, through speculation and large-volume trading on their platform. Because Tether is the most liquid USDT/USDT pair, it can be turned into USD and back at any time. So by selling altcoins for Tether, you are also simultaneously shorting that same amount of USD.
It functions as a sort of safety net in a way/because you can always exchange them into USD at any time.
The other problem with Tether is that they haven’t released any audits, and there are no official bank accounts. Additionally, because it is pegged to fiat currency most of its users believe it to be a proxy for more traditional currencies like US Dollars or Euros.
However, one of the main competitors of Tether, Bitfinex claims that it does not allow you to short with their platform. Bitfinex is owned by Tether.
Even though it is still relatively new, Binance’s Crypto-to-Crypto exchange has shown tremendous potential and has shown no signs of slowing down.
Binance offers a large number of trading pairs including ETH/USDT, XRP/USDT, NEO/USDT, and many more. Their main focus is providing fast transaction times for their users. Binance is known for its low trading fees and its simple-to-use interface.
As an extra perk, if you want to withdraw fiat currency from your account, you can do that through their system as well. One of their recent launches is the Binance market. Which is a sort of hybrid exchange capable of fiat to crypto conversions and vice versa. Binance has a huge user base and is one of the top exchanges by volume. Much like Tether, it has no third-party audits and has not released official information about its reserves or business plans.
It is the first stable coin built on the Ethereum network. The idea behind it is very simple but very effective at the same time.
The USDT Coin is a stable currency designed to reduce volatility and increase speed in transactions. With its relatively low supply of coins, the USDT coin has gained popularity. Moreover, it is expected to gain even more in time. It functions like any other cryptocurrency with trades, exchanges, and a wallet. This makes ita better option that can be used to send or receive USDT.
Ripple is a protocol that enables banks, payment providers, and digital asset exchanges to send money globally over RippleNet in real-time. It also Acts as an open payment network that uses blockchain technology. Ripple exists independently of any bank or government. It is based on a shared global infrastructure, which is powered by a unique open-source consensus ledger, called the Ripple Consensus Ledger (RCL).
The objective of the XRP currency is not just to be used as a cryptocurrency, but to facilitate global payments. It is the third most traded cryptocurrency after bitcoin and Ethereum. Ripple is a blockchain platform that allows users to make fast and cheap international transactions.
The majority of its transactions are done in USD, but it is possible to exchange most any coin for XRP as well. It is anticipated that with its low fluctuations and speed, XRP would be a good addition to the Coinbase crypto platform.
Dogecoin is a great cryptocurrency for the more novice traders who want to get into the market. Its value is relatively low, but it allows users to learn about cryptocurrency trading in general. It also gives a great platform to test various strategies.
It has been called a meme currency due to its viral image of Shiba Inu. Shiba was a dog from the Doge Internet meme. However, DOGE is still listed on most exchanges and remains in the top 50 cryptocurrencies by market cap.
The coin has demonstrated stability over the years and has fallen out of the top 20. But it still makes for a good addition to the Coinbase crypto platform.
Stellar is a fast and free platform built on top of the Stellar Consensus Protocol (SCP). SCP is a distributed database that is maintained by validators. These validators are chosen by the Stellar consensus protocol. Stellar decides the order in which these validators converge on an agreement. The only thing that you have to do to start using Stellar is to download the official app.
Stellar has also been called an “exciting star of the future” and is focused on global financial inclusion. It has a strong community and is considered one of the most stable cryptocurrencies in the market.
Another cryptocurrency that has gained a lot of traction and even increased in value over the past years is Litecoin. It is a peer-to-peer cryptocurrency that offers very fast transaction times at low fees. It is an open-source, global payment network that offers users to send money to anyone in the world in just under 2 minutes. Litcoin’s fees are extremely low as well.
Litecoin’s objective is to improve upon Bitcoin’s blockchain and offer its users faster, cheaper transactions. While at the same time maintaining Bitcoin’s original vision of decentralization.
This was a brief overview of the top ten cryptocurrencies that offer the best possibility for inclusion into Coinbase. I hope I have provided some basic insight into the best Coinbase crypto to buy and their value.
Let me know in the comments below which altcoin you decided to invest in.