Cryptocurrencies have performed debatably in 2018, yet are continuing to attract new investors in 2019. The basis for this undertaking is the idea that the cryptocurrency market as a whole has been severely undervalued. As a result, numerous crypto investors and analysts believe that now is an excellent time to invest in cryptocurrencies, as most of them are at their lowest prices in months.
There are many prospective cryptocurrencies to invest in 2019. In fact, many experts believe that the general cryptocurrency market has hit its bottom and will begin an upward trend very soon.
Below, we’ll rank five of the best cryptocurrencies to invest in 2019 and beyond:
Are you interested in the best cryptocurrency to invest?
With more than 4,000 cryptocurrencies, and additional ones being created every day, it is difficult for cryptocurrency investors to discern which cryptocurrencies are worth investing in. However, there are still some gems out there that have the potential to become the next Bitcoin or Ethereum. In this guide, we identify the best cryptocurrencies to invest in 2019 and beyond.
Best Cryptocurrency to Invest in 2019
Let’s look at what factors should be considered when looking for the next investment opportunity.
Cryptocurrency Market Capitalization
You’ll find a lot of people using market cap as a metric for determining what the best cryptocurrency to invest in is. It’s a good indicator of how established a cryptocurrency is and if it has a chance of growing into a bigger coin. It can be misleading though. A large market cap doesn’t guarantee that a cryptocurrency is good or bad – just as a small market cap doesn’t mean it will automatically go up in value.
The cryptocurrency market is one of the fastest growing markets in the world today. In fact, the market has grown exponentially more than investors predicted. As a result, many investors have made enormous profits investing in cryptocurrencies.
However, this also means that there are many fraudulent players in the industry. It makes it difficult for investors to determine which cryptocurrency is worth investing in. Fortunately, there are a few methods that you can use to determine which cryptocurrency is best for you to invest in.
In this article, we discuss the factors that you should consider before taking the plunge and investing in any given cryptocurrency. We chose to write about these 5 cryptocurrencies because they have proven popular with investors in 2019: Bitcoin/Litecoin/Ethereum/Dash/Monero.
Now that we are in 2019, it is safe to say that a lot of people have made money by investing in cryptocurrencies. However, there are also many who lost money by investing in what turned out to be a bubble. While it is possible for anyone to make money by investing in Bitcoin, the risk of losing your investment is high.
As a result, you may be wondering if there’s a way to invest in cryptocurrency without taking on such a high level of risk. Fortunately, there are several other cryptocurrencies that are cheaper and less volatile than Bitcoin. Here are five of the best cryptocurrencies to invest in today.
1. Litecoin (LTC)
2. Ethereum (ETH)
3. Ripple (XRP)
4. Monero (XMR)
5. Cardano (ADA)
The best cryptocurrency to invest in today is Bitcoin, followed by Ethereum. But of the 1,000 other cryptocurrencies, these are the 10 best.
1. Bitcoin (BTC)
2. Ethereum (ETH)
3. Litecoin (LTC)
4. Zcash (ZEC)
6. Ripple (XRP)
7. Monero (XMR)
8. Stellar Lumens (XLM)
10. Cardano (ADA)
The cryptocurrency market has been on a roller-coaster ride this year. After an incredibly promising 2017, Bitcoin crashed spectacularly this year, dropping as much as 80 percent from its December highs. Despite the massive crash, many cryptocurrencies are still up multiples from where they were a year ago.
As we move forward into 2018, there are a number of Bitcoin developments worth monitoring, not all of them having to do with just its price.
Both of these proposed changes would require adoption by nearly all of the network’s users and would be incompatible with the current version of the software. But if even a minority of miners and developers decides to adopt the new rules when they go live, it could cause disruption within the network.
If both Segregated Witness and the Lightning Network are activated without issue, it may bode well for Bitcoin’s long-term health in terms of scaling and transaction fees. This is one reason why you may see Bitcoin referred to as BTC (or XBT) in many places online and in newspapers.
The cryptocurrency market is insanely volatile in 2018. You can make a fortune in a moment and lose it in the next whether you trade Bitcoin, another coin, or the GBTC Bitcoin trust. Consider mitigating risks, hedging, and not “going long” with all your investable funds. TIP: If you trade only the top coins by market cap (that is coins like Bitcoin Ethereum), or GBTC, then the chances of losing everything overnight are slim (not impossible, but slim). Other cryptocurrencies are riskier (but can offer quick gains on a good day).
In this article, we’ll take a quick look at the top three most popular cryptocurrency investment apps to help you decide whether they can help make your life easier.
Note: Now might be a good time to invest in Ripple, as its price has dropped 70% lower than it’s an all-time high of $3.4 in January 2017.