Best altcoins for 2019 – The future of money surely is in the hands of cryptocurrency. It is still in the beginning phase, and besides the lack of regulatory networks and systems, it embraces the shared agreement of new technological assets. This means that the controlling and regulating paper currency financial systems like EURO, USD, etc. will not have a monopoly over monetary and financial markets as well as human affairs.
It has been known well to make a lot of people rich through good strategies. The financial incentive to go for the right coins by the investors is an important task.
With that said, let’s talk about the recent growth of cryptocurrencies that have the best prospects to appreciate in the year 2019 and the most influential cases to determine the best cryptocurrencies to invest in right now. Below are the top 5 cryptocurrency to invest in 2019.
Bitcoin is indeed the biggest cryptocurrency having a current share of almost 40% in the cryptocurrency market cap which is why you might’ve only heard of it.
Perhaps investing in it is a good idea if it continues to increase just like in 2017. However, over the past few years, there have been many highs and lows in it.
Bitcoin was split into two cryptocurrencies in 1st August that were Bitcoin cash and just Bitcoin. Investors who were already aware of this made great profits (nearly double) as they invested before it was split.
Read Also: Bitcoin Price Prediction and Forecast 2019
The key feature of Bitcoin being the most-known brand with its robust network and scarcity has made it now a store of value just like gold. However, lightning and other technologies will make sure that Bitcoin becomes viable for daily transactions. Businesses should also revisit the network owing to the unmatched security that plan to use blockchain technology.
Investing in bitcoin means it is necessary that you stay up to date with all the latest trends and news. You might want to buy Bitcoin when you get to hear about some new technical improvement. But buying it at a low price too can be a good time. In the end, it’s all about believing in the future of Bitcoin!
It is important to note that other than being a digital currency, it is also an advanced blockchain project unlike Bitcoin because developers can build cryptocurrencies by using the platform of Ethereum.
If one seeks to manage the supply chain of his business and want a blockchain-based solution for it, this is the one to go for! Using Ethereum’s blockchain, an application can be built so there is no need to start over from the beginning making the launch of new blockchain projects much easier.
Functioning as a giant global computer, it can run distributed applications. It is also the foundation of many cryptos that have launched through ICOs.
Should Ethereum be the best crypto to invest in 2019? Well, definitely! ETH is the best cryptocurrency to invest in now. This crypto has more plans to improve this year. With new, better protocols and technology coming up, one must look out for it.
Read Also: ETH Price Prediction & Forecast 2019
With the growth of 36,000% in 2017; Ripple is known to be one of the best performing cryptocurrencies in 2017. It reached $2.4 in December 2017 from $0 at the beginning. However, it has decreased its price rapidly. One should consider it as the next cryptocurrency to invest in compared to one Bitcoin, the price of one XRP is very low but it still is the third largest cryptocurrency according to market cap and with a total of $35 billion at the moment.
You can call it “best cheap cryptocurrency“. The main reason for Ripple being so much popular is that other than being a digital currency, it is also a payment system. It makes international payments fast and secure through blockchain technology. The transaction process takes around 2 to 10 days after an international bank payment is made. With Ripple, the transaction is only a matter of seconds.
Offering banks a way out for cross-border payments in real time; it saves time and appeals money to large institutions as well. The number of banks is increasing who are willing to go ahead with Ripple cryptocurrency to see if integrating technology really is a better way of money transfer operations.
Ripple has a good chance of reaching that high again in 2019 but without any arguments, it will remain the best low cost cryptocurrency for a long time.
Read Also: XRP Price Prediction & Forecast 2019
The next cryptocurrency to invest in 2019 is without any doubt is Litecoin. With a market cap of nearly $11 billion, it is the 5th largest cryptocurrency. The price of Bitcoin and Litecoin follows a similar trend and being in close connection to Bitcoin, and it still attracts many investors due to which it made its way in this year’s list easily.
Litecoin adapted the code base of Bitcoin but has higher transaction capacity with zero fees and faster payments. Such features make it extremely ideal for everyday use. Litecoin can also be spent with a Visa-compatible pre-paid card through LitePay. Due to the successful Litecoin Cash hard fork, the price of Litecoin had a boost recently. LTC will be strengthened even more by other developments like Litepay.
The last one in the list of best cryptocurrencies to buy right now includes Monero also known as XMR. Launched in 2014, it is not an old one. It has a market cap of $4.5 billion with a monthly volume of about $2.33 billion. The key feature of this currency is to help find genuinely anonymous and untraceable transactions. Because of this, XMR might be considered as best cryptocurrency to buy right now. The hackers demanded Monero and not Bitcoin in recent ransomware attacks. Other than this, XMR there are legitimate applications for its anonymity, for example, a business who wants to hide its transactions from its competitors.
Which is better; short-term investment or long-term investment?
Long-term investments are more rewarding compared to short-term investments. You don’t have to watch the market and its trends all the time so it makes life easier. Also, some cryptocurrencies in the long-term have a better return.
Short-Term Cryptocurrency Investment
As for short-term investments, they are to make quick profits in a small time frame taking seconds, minutes, days and months as well. When looking for short term, a cryptocurrency that has a high trading volume (many people are buying and selling it), low market cap, has an ICO and is trending on social media and news are the best ones.
Ethereum and Bitcoin in this are good options as they can be traded in short-term but an even better one is to invest in new cryptos. With short-term, investors make a considerable profit overall, and the recent cryptocurrency investments include Stellar, NEO, NEM and IOTA.
Long-term Cryptocurrency Investment
If you are planning a cryptocurrency stock to buy, you should go for a long term plan. For long-term investment, the minimum time is 6 to 12 months and this is the type where one would expect cryptocurrency to have good performance over time. Some people also plan to hold their investments for 5 to 10 or even more years, so it varies from individual to individual whether he wants to invest at different times or in one go. If you plan to go for a long-term one after choosing your crypto to buy right now, some strategies must be looked into.
Before investing the amount in crypto, your goals should include
Stepping into the game of cryptocurrency don’t be so sure about huge profits, but one should always be prepared to lose money since the predictions are not right all the time. Nobody knows what will happen to the investment. Sometimes, to influence the market, fake news is also created.
Once you have picked one of these best cryptos to invest in, future community and potential and essential aspects should be considered to estimate the currency’s future value when looking to invest. Don’t spread out your investments initially but focus on a few coins instead. By the cryptos at a low price and keep them. You can also reinvest the initial gains back in currencies. It is wise to diversify the holdings of crypto as to avoid suffering from an epic collapse.