Starting with the idea that investing in cryptocurrency has risks, they also have the potential to make impatient long-term investors wealthy. Here you will find a list of cryptocurrencies that are capable of converting 1000€ to 10000€.
Whether you are an experienced cryptocurrency trader or a newbie, there are thousands of digital currencies available to help investors Earning long-term profits. However, cryptocurrencies also have a high degree of volatility. There are no guarantees of future resultsHowever, by analyzing the previous behaviour, we have seen prices collapse several times and then bounce back and set new all-time highs.
Experienced cryptocurrency traders take advantage of low prices to buy high-potential coins, however, this is not without risks.
If you intend to make money by investing in the cryptocurrency market while partially reducing the risks, we have compiled a list The best cryptocurrencies that can convert 1000 to 10000 euros.
Before you continue reading and learn about the best cryptocurrencies that can make you richer, you need to know that you can buy, hold and sell digital currencies quickly and easily with our trading platform. XTB. Log in to the site to open a file Free demo account!
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Ethereum is a cryptocurrency platform that uses blockchain technology to facilitate the implementation of smart contracts. It was designed by Vitalik Buterin, who envisioned it as an alternative system to centralized systems in the age of the Internet.
Ethereum has had an impressive performance since it entered the market 8 years ago and is up by thousands of percentage points.
Currently, Ethereum is moving to Proof-of-Stake, a factor that aims to improve Ethereum’s scalability, lower transaction fees, and adopt a deflationary token model. The combination of these developments makes Ethereum a high-potential cryptocurrency that can easily convert 1,000 euros into 10,000 euros.
Terra is a blockchain used to launch computationally stable coins. The goal of Terra Stable Coins is to provide users with access to fiat money for everyday payments, but with the added advantage of resisting censorship.
The adoption of these stablecoins is increasing and today Terra USD (UST) is one of the largest cryptocurrencies by market cap. As the adoption of these stablecoins adds value to LUNA, there is no doubt that this token has the potential to turn an investment of €1,000 into €10,000 in the long run.
Solana is a cryptocurrency that became popular in 2021. Despite gaining more than 10,000% in the cryptocurrency rally in 2021, Solana has all the attributes to convert €1,000 into €10,000 in the long run.
It has built a name for itself as one of the fastest block chains on the platform. This makes it attractive to DeFi and NFT, two of the fastest growing aspects of the cryptocurrency market.
The Cardano blockchain was designed with security, scalability, and performance in mind. It can easily process more than 200 transactions per second at low rates. Cardano introduced smart contracts in 2021, and as adoption grows, so will the value of ADA.
This potential adoption makes Cardano one of the best cryptocurrencies that can convert 1,000 euros into 10,000 euros.
If you want to reach a capital of 10,000 euros by investing 1,000, Avalanche is one of the best cryptocurrencies you can bet today.
Avalanche is one of the proven Ethereum competitors in the market for its speed (4500 TPS), low fees, and high security. As it is getting approved quickly by many Dapps, AVAX is a cryptocurrency that can make you rich in the long run.
Binance Coin (BNB)
Binance Coin is the cryptocurrency that powers the Binance platform. In addition to supporting the massive Binance ecosystem, Binance Coin is also very deflationary. Every quarter, BNB tokens are burned, and as this continues, the value of BNB will grow even more. When looking at the laws of supply and demand, BNB is a cryptocurrency that can easily increase its value 10x in the long run.
Within a few years, Chainlink dominated the decentralized Oracle market. This makes it an indispensable part of all smart contracts. With smart contracts taking over many aspects of the business, Chainlink adoption will only grow, making LINK a cryptocurrency that can convert 10,000 from a 1k investment.
Read also: Best cryptocurrency for long term investment
How to invest in CFDs for Cryptocurrency
to Investing in cryptocurrency (Bitcoin, Ethereum, Stellar, Dogecoin, etc…) There are more possibilities, but certainly the simplest is through Trade CFDs on Cryptocurrencies.
Among the advantages of trading cryptocurrencies through CFDs is the ability to invest 24 hours a day, even during the weekend. Also with CFDs it is possible to “bet” Both upside down and downsideThus, the possibility of making a profit (or loss) during the stages of rise and fall.
Moreover, CFDs on cryptocurrencies are reliable Leverage 1: 2 for retail investors. This means that by investing 1,000 euros, the position in the market will be doubled, 2,000 euros. Leverage has the advantage of doubling your profits but exposes you to greater risk if prices go in the opposite direction to your chosen one.
If you want to take advantage of the opportunities offered by this type of hub, then investing in cryptocurrency CFDs is the best solution you can choose.
You can learn everything about cryptocurrency trading by downloading a fileFree XTB E-Book:
Where to invest in cryptocurrency using CFDs
Investing in cryptocurrencies is a favorite activity of many people who want to ride the enthusiastic opportunity of digital currencies. Thanks to CFDs, anyone can easily access the financial markets and buy cryptocurrencies (or other types of assets such as stocks, currencies, commodities, etc…), even with small capital.
If you want to start investing in cryptocurrency, we advise you to do so by opening a file Free demo account with XTB (See XTB review here).
The XTB broker offers investors, from beginners to experts, a complete cryptocurrency trading experience, on a powerful and easy to use platform.
With XTB you can Build your perfect crypto walletTrade a wide range of premium cryptocurrencies and cryptocurrency pairs, and follow the trend of each currency with advanced charting and analysis tools on the xStation 5 and xStation mobile trading platforms.
By registering on the XTB website, you can try out the best trading platforms for free as well as get the lowest spreads in the industry and a full suite of powerful risk management tools. It includes a number of basic, technical, and emotional tools to help you make the best decisions.
To see what XTB has to offer, visit the website https://www.xtb.com/it
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CFDs are complex instruments and come with a high risk of losing money quickly due to leverage. Between 62 and 89% of retail investor accounts lose money when trading CFDs. When trading CFDs, you should consider your understanding of how CFDs work and take into account the high risk of losing your money. Please read the full risk disclosure statement.
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