We explain how to invest in cryptocurrency for beginners. The first thing you need to decide is if you want to invest directly in cryptocurrency or invest indirectly (for example through a stock).
Ripple (XRP) is the “cryptocurrency token” native to “the Ripple Network.” The Ripple network (also called “Ripple”) is an open source, peer-to-peer, real-time payment system (like Bitcoin’s blockchain or Ethereum’s network) that can be used to transfer both fiat currencies and the Ripple cryptocurrency XRP.
Ether (ETH) hit an all time high on January 9th due to a series of events explained below. Unfortunately, most of the rest of the market suffered a correction.
In general, when Bitcoin stagnates it gives altcoins a chance to run. The Bitcoin stagnation that started in December 2017 set the stage for an altcoin boom like few before it.
To buy Ripple you’ll either need to use an exchange that trades Ripple for dollars, or you’ll need to buy Bitcoin or Ethereum first and trade it for Ripple on an exchange that allows that.
Ripple surpassed Ether to become the #2 cryptocurrency by market cap in the last week of December reaching a market cap of more than $90 billion.
Sometimes the cryptocurrency market corrects by 25% or more. Dec. 21 – 22, was one such time. From a positive frame, crypto just went on sale for the Holidays.
Ripple (XRP) is a popular cryptocurrency token native to the Ripple network (RippleNet). The token has been around since 2012 and has one of the top market caps in crypto.
Coinbase plans to add new coins in 2018. This was confirmed by Coinbase’s CEO on CNBC. However, they haven’t announced which coins will be added.
Bitcoin can cost upwards of $20k, but many cryptocurrencies cost only a fraction of a dollar (or a few satoshis). These are “penny cryptos” (like penny stocks).
Below is a list of important cryptocurrencies and additional resources you can use to learn more about all the different cryptocurrency types.