Cryptocurrencies have become even more accepted in our daily lives and is the most trending currency in the world as of today. About a year or two ago, people were still skeptical of purchasing or investing in cryptocurrencies, in fact, Bitcoins were the only recognizable coins but how things have changed! Not only do we have new coins, but people have also now bought into the culture of investing in cryptocurrencies.
Investing in cryptocurrencies is a very cool way to make money online in Nigeria.
With the right guidance and a little start-up cash, you can become a millionaire within months! No bluff! I have personally made millions from investing little cash in some coins. The highlight of my cryptocurrency trading career was when I made fourteen million naira from an investment of just three hundred thousand naira!
Yes! And guess what? It took just six months! Unknown to many, there are lots of coins that get launched every day and appreciate well enough to make you reasonable income.
The above example which I talked about was the eBtc. In this post, I’d be giving you a list of altcoins that you should invest in.
At the time of writing this post, I’ve made over 20 million naira from trading cryptocurrencies. It’s quite noteworthy that I let you know that I started my cryptocurrency journey with just under five hundred thousand naira. For you to be reading this, I’d expect that you know what Cryptocurrencies are. For the benefit of those who don’t know what cryptocurrencies are, I’d be giving a brief introduction.
Also Read: Bitcoin and Blockchain: The Basics
Meaning of Altcoins
“Altcoin” is a mixture of two words which are: “alt” and “coin”; alt is short for alternative and coin signifies currency. Thus together they indicate a category of cryptocurrency that is alternative to the digital currency Bitcoin.
According to Wikipedia, a cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. In simpler terms, a cryptocurrency is a virtual currency without any Government or conventional financial institution interference that can be traded and can appreciate or depreciate. Some Cryptocurrencies that have appreciated in the past include:
These are a few coins that I’ve personally profited from in the past. The next list will consist of my top 5 cryptocurrencies to invest in 2017. Currently, I have made reasonable investments in each, and I’d be recommending you go hard on one of them.
Top 5 Altcoins to Invest in Nigeria 2018
This has been the trending currency for some months now, due to the massive publicity is done by their team, their well-known personnel and their quite impressive plan to take over the cryptocurrency industry. Electroneum is the UK’s first cryptocurrency, which has received massive investment from Blue-chip firms like Uber.
It looks like their plan is working out so well because as at this moment, they have closed their ICO(Initial Coin Offer) way earlier than planned. I’d advise you invest some cash in this and thank me later.