The crypto market has made many people millions, however, many have also lost money. Often the difference between making money and losing it is down to having enough information. In this article, we aim to provide you with relevant insights, listing all the information needed to make good investment decisions. After thorough market research, we have come up with 4 of the best cryptocurrencies you might want to buy for investment as a student.
Top 4 Cryptocurrencies that Students can Buy as Investment in 2022
If you decide to invest in cryptocurrencies, the best way would be to look for long-term investment options, as crypto prices can rise and drop in an instant. After doing some online learning, below are 4 of the best coins you might want to consider investing in, especially if you’re a student:
- Ethereum (ETH)
- Bitcoin (BTC)
- Binance Coin (BNB)
1. Ethereum (ETH)
Released in 2015, Ethereum is a runner-up to Bitcoin in market valuation. Its ability to hold this position over time is truly remarkable and has been the subject of much interest. This is definitely a coin to watch, but if your college classes are getting in the way of learning about Ethereum, perhaps you could decide to hire an essay writer online at an affordable rate to handle your writing assignments. This way, you can both study well and make an early investment in your future. When you consider that Ethereum is only worth around $1,000 today, you might still be able to cash in on the second-best thing to Bitcoin.
2. Bitcoin (BTC)
This is one coin that likely needs little to no introduction, but for those of us who are new to the world of cryptocurrencies, Bitcoin is considered the most valuable coin in the world, with a market cap of $370 million. Over the years, the price of Bitcoin has been steadily increasing. And while it has had its ups and down, the upward trajectory looks set to continue. As a student, you can buy a small amount of this coin and let it sit for the next couple of years.
3. Binance Coin (BNB)
Binance, which was founded in 2017, is one of the world’s largest cryptocurrency exchange platforms on the internet. This is further established by the platform’s ability to sign Cristiano Ronaldo as an NFT partner. Aside from allowing the trading of trusted cryptocurrencies on its platform, Binance also has its coin, the Binance Coin (BNB). Traders can use the coin to pay for their transactions on the platform at lower rates, so it’s popular and likely to increase its value over time.
Of all the coins on this list, Dogecoin is probably the most undervalued. It was created by software engineers Billy Markus and Jackson Palmer in December 2013 as part of a “joke,” but since then, it has become one of the most popular coins on the market. Elon Musk has mentioned that the coin is one of his favorites, and he has been responsible for raising the coin’s price in the past. For a few dollars, specifically about $6, you can buy about 100 DOGE coins and store them in your wallet for the future
The Bottom Line
In order to succeed in investing, you need to have self-control and think long-term. Also, you need to avoid using the money you can’t afford to lose. As a student, making investment decisions can help set you up for success, so it’s something you should consider doing. Hopefully, this article has provided you with some information about cryptocurrencies that can help you start your investment journey.
Joanne Elliot is a financial advisor and writer. Her job requires her to identify trends that can lead to a profit. Joanne strongly believes in the future of the crypto market, which is why she feels confident sharing her insights with her audience.