Spanning all the way from Ethereum to Dogecoin to Bitcoin to Tether, there are thousands of different cryptocurrencies now. That can sometimes make it overwhelming when you are trying to decide which one you should invest in first. It’s like Hicks Law, which states that the more choice we have the harder a decision is to make, throw into that the constant fluctuation of the value of cryptocurrencies as well as information from the individuals who can have an influence on the market, and you have yourself a really tough decision to make. 

How to Check the Value of Cryptocurrencies 

Before purchasing or investing in any kind of crypto, it is important that to begin with you are checking how much different types of crypto are worth. There are a few ways to do this, but one of the most effective and accessible has to be looking at the crypto live price index at OKX. Here, you will be getting real time updates on the value on different pieces of cryptocurrency, which means that it has never been easier to get a speedy valuation about your currency. 

Most Popular Currencies at the Moment? 

If you want to invest, then it might be worth having an understanding as to what some of the most popular cryptocurrencies at the moment are. These include the following: 

• Bitcoin 

Considered by many as one of the founding fathers of crypto, Bitcoin has and most likely will remain to be extremely popular. It runs on blockchain (as does the majority of crypto) across a network of thousands of different computers. Bitcoin is considered by many as a good investment due to the fact it is kept secure from fraudsters in an efficient way. The price has skyrocketed since it was initially created, and this trajectory has continued. 

• Ethereum 

Ethereum is popular due to the fact it is both a type of crypto and a blockchain platform. There are a number of potential applications that come with it, hence why it is favored by developers. It has been responsible for the likes of smart contracts that are executed automatically following the conditions being met of a non-fungible token (NFT). 

• Tether 

Tether is a stable coin which means that unlike a lot of other forms of crypto, it is backed up by fiat currencies such as the Euro, the US Dollar and the UK pound. This makes it a popular option because it is viewed by many as being a safer pair of hands. Hypothetically it should be more consistent with its value and as such, it is favored by a number of different investors. 

• Binance Coin 

You can use this coin to trade and pay fees on Binance, which is one of the largest crypto exchanges in the entire world. It has expanded a lot since it was first launched in 2017 and as such is solidifying itself as one of the more popular options amongst crypto investors. To give an idea of this increased value, in 2017 it was priced at just under 10p whereas in August this year that price has risen to £232.