List of Popular Cryptocurrency – Top 10 in China
In the middle of financial frustration, there are people who still choose to take risks and grab the chance of having an affluent source of income. The list of popular cryptocurrency goes on and on. But what could be the best option for someone who is just starting his journey with digital coins? Of course, the profit potential is the major reason why many aspirants get involved with cryptocurrencies. Do you even know where to start?
As a newbie in this industry, you must begin by identifying the trending coins in the market. Then, search a bit about their history before you can finally strategize your move. You are lucky we do the initial research for you!
Below are the Chinese crypto rankings you should not miss. Most of them move from one position to another. However, rest assured that all of them are still valuable up to this date.
Quick Overview of Bitcoin
Bitcoin is the father of all digital coins. It was created in 2009 by a mysterious man named Satoshi Nakamoto. It was offered for $1 to the public in February 2011. Right now, it is currently priced at $48,000 per Bitcoin. How crazy is that? The idea of cryptocurrency started here. There is no physical wealth, and blockchain technology is used for every transaction. Experts believe that Digital Yuan will be Bitcoin’s most excellent counterpart in a centralized environment. So everyone is advised to watch out and consider this booming coin.
Etherum owns a blockchain platform where you can trade Ethereum itself. A small group of blockchain developers started it in July 2015. The coin was offered at $2.77 per Ethereum at that time. Today, its value rises up to $3,700 per Ethereum. Look at that result! Only a few years have passed, and it continuously kicks in.
XRP is the coin of the Ripple network. It is allowed to be used by financial institutions to source liquidity in real-time transactions. It aims to expand the movement into new markets and provide faster settlements that can ultimately lower the cost of foreign exchange. Its current value is $1.12. Yes, not that huge, but if you use it for the right purpose, you will surely appreciate its benefits.
The world knows USDT as a stable coin. Think of it as a US Dollar trying to keep the cryptocurrency prices steady. Therefore, it is considered a safe place for everyone who wants to avoid extreme market volatility.
Bitcoin Cash is simply another Bitcoin that allows the larger size blocks. It was created in 2017 to accommodate all the transactions of Bitcoin traders. The professionals expect this to avoid bigger problems in the coming years.
Bitcoin Satoshi’s Vision or BSV is a splinter currency of Bitcoin Cash. It was designed to offer a block size that is highly influenced by the market forces instead of a fixed system. Hence, it creates a more profitable ecosystem for the general public.
Litecoin was created in October 2011 by a genius named Charlie Lee. This clever man was a former Google engineer. No doubt that he was able to design a very potent cryptocurrency. Would you like to know how powerful is Litecoin today? Well, think of it as the silver where Bitcoin is the gold. The structure is the same with Bitcoin, but there are still areas for significant improvements.
EOS also operates in a blockchain-based platform. Its main competitor is Etherium. Both are still profitable at present, but Ethereum is more established in terms of network and management.
USD Coin is the meaning of USDC. What is on your mind at this point? Whatever it is, you are absolutely right! It is another stable coin comparable to USDT. The price stability is made possible by reserved assets. The safety and benefits of cryptocurrencies and the stable value of fiat money are both on point. You are merely playing in the middle. No huge and sudden profits are available, but you can start building your confidence to take more risks and experience your most remarkable financial breakthrough.
Tron or TRX was created in 2017 by a Singaporean non-profit organization. If you are familiar with BitTorrent, the file-sharing app boomed in 2010; one person is behind these two awesome inventions. Justin Sun, a 31-year-old genius, is the mastermind of BitTorrent and the CEO of Tron.
What are the basic strategies that you can apply?
Whether you like it or not, cryptocurrencies make the world go round at present. But, with the top Chinese cryptocurrency listed above, are you going to settle with these coins just like what others did?
The problem is that people usually settle with what is trending and with what is currently giving results. There are, however, a number of basic strategies that can push your capabilities if you want to try and earn inside the crypto industry. Some often forget about them, which is why only a few people are able to stretch their sources of income.
It is time to dive in!
Manage Your Money
The first step in this process is to evaluate your current financial status. The same is true in terms of your spending habits. It’s important to look at where your money is going. Each expense has to be well identified and then itemized, whether it is a need or want. This process will help reset your financial approach and give you more abundance in terms of capital that you can use for investment opportunities, including cryptocurrency.
Next is to manage your money formally. Usually, we allow our money to influence our lives rather than using it to actually achieve the bigger financial goals and desires that we have. One way to accomplish profound money management is to create a budget. You must include the amount of money you are saving for a trip, business, or investment. It is also crucial that you have an emergency fund, no matter how small you begin each month.
This money management may seem overwhelming, but you can easily monitor your spending and let your money work for you in the long run.
Diversify Your Investments
A more creative safety net is by having multiple streams of income. Multiple streams of income give you the benefits of additional revenue outside your primary source of income. For example, if you plan to invest in cryptocurrency, it doesn’t mean that you have to settle for the popular coins. The list above might be the most famous currencies for Chinese people and across the globe today, but don’t forget to have a greater view of the future. What about Digital Yuan and CryptoRubble? These coins are foreseen to give the ultimate shock in the new future. You must attain balance. Invest in Bitcoin or Litecoin but also consider these young blooming coins as early as possible. Time is your most incredible booster in terms of investment. Remember that.
Not every side hustle will work for your schedule or needs. So it’s essential to look for other sources that suit your desires and necessities.
The list of popular cryptocurrency above should serve as a basic guide. Do your research as a responsible investor and never settle for less. You can always start small to experience what other pioneers have already accomplished. Check out this page for amazing financial growth.