History of the Best Efficient and Popular Cryptocurrencies

In a world of crypto where efficiency is critical, we must consider the periods of our assets. Some cryptos are more efficient short term and others take a bit longer to develop a nice average efficiency. No matter the coin, we must consider many timeframes before passing judgment. This is a new series where we will be going into depth about assets and their efficiencies.

Today we will be going over some reliable and popular coins:

1. Bitcoin
2. Ethereum
3. Solana
4. Litecoin

Bitcoin is the father of all blockchain technology being the first ever invented. This revolutionary innovation was only the beginning of decentralization as it was back in 2008. After its creation, more cryptocurrencies came into action, however, Bitcoin is just different. It has this unmatched feeling to it and no matter who tried to beat the legendary coin, they all have fallen short. Many of its long-time competitors have already failed as well and are no longer in the markets to see.

Bitcoin has the highest market capitalization out of all cryptocurrencies making it an amazing option for you if you’re looking for the most popular cryptocurrency to invest in and just hold on to for a long time. There has never been a time when Bitcoin has had a crash and not fully recovered as well as reaching all-new highs. For investors, this means that you do not have to worry about your Bitcoin losing its value in the long run as statistically, it will end up reaching all-time highs above previous ones. Out of all of the cryptos, Bitcoin is the most likely to be accepted at restaurants and stores, as it is the biggest crypto and gets the most attention.

Ethereum has been around since 2013 and with a solid 10 years of history backing it, Ethereum has held its powerful position in the world of decentralization. With this decentralization dominance, we can see Ethereum in areas like NFTs, smart contracts, and decentralized applications. There is no doubt about it that when it comes to versatility, Ethereum is the best option for decentralized finance, also known as DeFi. Ethereum is a crypto that has a purpose outside of the currency itself. The blockchain associated with it has helped applications become more secure and transfer data without central power. Being a driving force in its uses, Ethereum is paving its way with popularity from multiple different professional fields by making contracts without a middleman possible using smart contracts.

Ethereum still has an extremely high market cap and a large number of investors allowing it to come second in terms of decentralized assets. Even though Bitcoin beats it in terms of assets, Ethereum is an amazing option as it is backed by technology and a very large community. Ethereum is also able to maintain a very efficient market movement from the consistent support of crypto investors and those looking for efficient and popular cryptocurrencies. Ethereum is a great asset for creating investing systems due to its efficiency and predictability.

Solana has had a relatively good price history. For a coin second to Ethereum and Bitcoin, many investors are not sure whether it should be considered a main coin or just an altcoin. The biggest hiccup for Solana was a giant fall of 66%, completely ruining its efficiency for the time being, until things balance out. Before the incident, Solana was one of my favorite cryptos as it moved around quite efficiently and was predictable. The polygon network is not as secure as the Ethereum blockchain and the technology supporting polygon is not as popular or advanced as Ethereum.

Even though Solana is not the king of blockchain transactions and technology, this does not mean that it isn't a close second. Solana still has community support for its decentralization. Applications enjoy the Solana blockchain because it is not as crowded as the Ethereum one can seem, making the polygon network a more unique solution. Solana also has a powerful NFT community that is a good rival for Ethereum as they are both considered the top blockchains for this digital art.

Litecoin was created in the hopes of making a better Bitcoin. It is built using Bitcoin's blockchain as well and started just 3 years after Bitcoins creation. Even though Litecoin does not have the market capitalization or amount of investors as Bitcoin does not mean that it isn’t a good alternative. Being one of the top altcoins, it can hold extra market volatility, providing investors with an opportunity when main coins like Bitcoin are slow.

This extra volatility may come at a price as when market crashes happen, altcoins tend to fall more than main coins. Bitcoin is great at resistinting the falls of the market. When Other altcoin fall rapidly, Litecoin is still able to do smoother movements where price does not make these rapid drops to 0. While other altcoins end up falling over 50% at times, Litecoin might only fall half that, while main coins fall even less. This shows the reliability of Litecoin and puts trust back into investors hands. Litecoin is a very efficient cryptocurrency that can even pass Bitcoin and Ethereum in long-term efficiency if conditions are right. It is a great option to have in your back pocket.

What is the Best Cryptocurrency?

There is no best cryptocurrency, as there are many great options that have their specialties. Ultimately it is up to the investor and their style to determine their choice. Some good options are Bitcoin, Ethereum, Solana, and Litecoin.

What Influenced the Decision of These Coins?

These cryptos were picked based on reliability, history, and efficiency to set themselves apart from the other cryptocurrencies as the top 4 options.

Should I Buy One Now?

I am unsure if the time of reading is a good time to buy these cryptos, your best bet is to build an investing system that can help guide you through the markets. These signals along with research can help you decide if now is a good time to buy these cryptos.