Students are mostly referred to invest in top cryptocurrencies like Bitcoin and Ethereum.
Saving up at a young age or trying a disruptive investment model is an amazing thing. However, it comes with some risk factors that you need to be aware of. Today, technology is becoming a part of every educational institution. Students are learning about artificial intelligence, data science, and very importantly, blockchain technology in schools and colleges. As an aftermath of this, they also come to know about how cryptocurrencies function. Since digital tokens are evolving to become the epicenter of decentralized finance, students are also showing a big interest in investing in them. However, investing in cryptocurrencies is not an easy task. Starting from opening a cryptocurrency account to depositing money and monitoring the changes, everything requires a good knowledge of blockchain and finance. On the other hand, cryptocurrencies can also be risky at times. Therefore, students are mostly referred to invest in top cryptocurrencies like Bitcoin and Ethereum to keep their initial amount afloat. In this article, IndustryWired has listed top cryptocurrencies that better suit students who are willing to invest in the futuristic model.
Top Cryptocurrencies for Students
For the past eleven years, Bitcoin has been synonymous with cryptocurrency itself. Although BTC is extremely volatile, many first-time investors choose it as the best investment since the cryptocurrency is on an upward path for many years now. Bitcoin was created by an anonymous person or a group of people called ‘Satoshi Nakamoto’ in 2009. Since then, the cryptocurrency has broke many records and stood at the top.
Ethereum is the direct rival of Bitcoin. Being the second-largest and most-adopted cryptocurrency, ETHER has outperformed BTC in growth last year. Experts predict that Ethereum will continue to do so in the coming years and might overtake Bitcoin in the future. Besides, Ethereum is well-known for its advanced features like decentralized applications, smart contracts, NFTs, etc.
Cardano is the newest cryptocurrency that is doing extremely well in the market. Although there is not much info or history about the cryptocurrency to call it safe, it is a great source for young investors to explore the decentralized model. It’s connections with countries across the globe including Africa makes Cardano a safe investment. Besides, Cardano also has a deal with the Ministry of Education in Ethiopia to record students’ academic records on the blockchain.
For those funky kids who love memes and jokes and are engaged in online stuff for the most part of the day, Dogecoin could be their best cryptocurrency choice. Originated from Shiba Inu-based jokes and dogs that went viral over the internet, DOGE has shaken up the virtual sphere for two years straight now. Dogecoin’s unlimited capability for mining and extensive circulation paves more users to opt for the memecoin.
Tether is considered the safest cryptocurrency investment since its price is pegged to US$1. It oscillates based on the value of the dollar, which is remarkably stable. Students can even use it as a medium to switch from one cryptocurrency to another whenever needed. Although Tether’s reliance on the US dollar is often questioned, it has maintained a moderate value and never disappointed investors.