12 Best Cryptocurrencies to Invest in According to Reddit

1) Bitcoin (BTC)

Market capitalization as of August 29: $1.2 trillion

Bitcoin is the world’s first cryptocurrency, which is stored and exchanged securely on the internet via a digital ledger called blockchain. Developed in January 2009, Bitcoin is a peer-to-peer online currency, enabling transactions to take place directly between equal and independent network participants. These transactions take place without any intermediary. This digital money cannot be inflated or manipulated by any person, company, or central bank.

Bitcoin’s most important innovation was blockchain, which acts like a ledger, recording every transaction ever made using this digital currency. It is different from a bank’s ledger, in the sense that the Bitcoin blockchain is distributed and verified throughout a network of computers. This means that no company, country, or third party can control it, and anyone can become its part.

The Bitcoin network saw the introduction of Ordinals NFTs and BRC-20 tokens recently. This diversification led to significant community enthusiasm and has expanded the scope.

While we acknowledge the potential of cryptocurrencies as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a deeply undervalued AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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