Best Cryptocurrencies to Invest in 2019
February 11, 2019
Best Cryptocurrency to Invest 2019: Bitcoin (BTC)
If anyhow, you’ve only heard of one cryptocurrency, it’s perhaps Bitcoin. It is the biggest cryptocurrency —it at present has a 40%i share in the total cryptocurrency market cap! It is the eldest cryptocurrency and it still dominates in the market.
Then, if Bitcoin carries on with to increase as it did in 2017, then investing in Bitcoin might be a good idea for 2019.
The price of Bitcoin changes significantly every day and has seen many corrections over the last few years.
If you’re really wants to invest in Bitcoin then you need to stay up to date with the recent news and trends around Bitcoin. When news is released for a new technical improvement, you might want to think about buying Bitcoin.
If there is a huge fall in price of Bitcoin, then that too might be a good time to buy Bitcoin because you can purchase it a low price.
If you have already make up your mind to invest in cryptocurrencies, then it might be a good idea to start by investing in Bitcoin. Even though you have missed the first main opportunity to invest, investing in Bitcoin could still be a better idea.
It all depends on whether you’re believing in the future of Bitcoin. If you believe in it, than you should think about investing in it. If you don’t, then I advise that you stay away from it. It’s the same like with any investment!
Best Cryptocurrency to Invest 2019: Litecoin (LTC)
Our list for the best cryptocurrency to invest 2019 cannot be complete without Litecoin. Just like Ripple, Litecoin shown up with a great performance in 2017 with a growth of almost 8000%.
The price of Litecoin high from around $4 at the beginning of 2017 to a high of $358 in December 2017. Eventhough , same like most cryptocurrencies, Litecoin also followed the price trend and dropped to $110 on February 2018.
The price of both Litecoin and Bitcoin have followed a similar trend over the past year.
Litecoin is been the 5th largest cryptocurrency with a market cap of around $11 billion. Litecoin continues to attracts investors because of its close connection to Bitcoin. Giving a good reason for Exchanging Litecoin to be on our list for the next cryptocurrency to invest in 2019.
Litecoin was invented in 2011 to improve upon Bitcoin’s technology. Litecoin completes a transaction 4 times faster and more quicker than Bitcoin.
However, not like Bitcoin, the maximum number of Litecoin is capped at 84 million — 4 times more than the coin supply of Bitcoin (21 million).
Best Cryptocurrency to Invest 2019: Dogecoin
Dogecoin’s future investors should not take this the wrong way, though. The coin is not dead, and it still has a quite strong presence. The community is there alive and still using and supporting the coin.
The decision whether to or not to invest in it is up to the investors themselves. They do anyways, need to have all the facts & figures before doing it. The coin is easy to use and has potential. What it missing is strong leadership and a project that would make its development team busy.
Best Cryptocurrency to Invest 2019: Ethereum
Much later in 2019, Ethereum plans to have an upgrade which will includes an implementation of the Casper protocol and sharding.
Casper will turn Ethereum from a Proof-of-Work (PoW) protocol to a Proof-of-Stake (PoS). PoS solves the difficulty of large mining operations having too much power over the course of the blockchain.
Sharding permits the Ethereum blockchain to attain higher transaction speeds by partitioning network resources in such that a single node doesn’t have to convert every transaction in the blockchain history to make a new transaction. Trading and Exchanging Ethereum has never been so easy.
While cryptocurrencies can gain you with huge profits, you must be ready for one more thing — ie to lose money. Remember, your predictions won’t all time be right! Nobody really don’t knows what is going to happen to the price of a cryptocurrency, or any other investment.