The cryptocurrency market is one of the most exciting markets for traders today. Until now, trading in the crypto market has been characterized by high volatility and a lack of regulation. However, with the entry of institutional investors in 2018, traders are looking forward to a more stable environment for trading cryptocurrency markets.
In this article, we will look at the top seven cryptocurrencies that can be considered for investment in 2019.
The 7 Best Cryptocurrencies To Invest In 2019
1. Bitcoin (BTC)
2. Ethereum (ETH)
3. Litecoin (LTC)
4. Ripple (XRP)
5. Bitcoin Cash (BCH)
6. EOS (EOS)
7. Stellar Lumens (XLM)
Cryptocurrency is a popular programmable currency, which is based on blockchain technology. There are over 2000 cryptocurrencies in the market and more than 50 exchanges to trade them. It has been observed that, with the growth of cryptocurrency, all the users have not just started trading, but also investing in this domain.
The reason for this popularity is its growing usage as a means of exchange and its increasing market capitalization. The value of top 10 cryptocurrencies is increasing day by day. If you are planning to invest in cryptocurrency, then you should also know about top 7 cryptocurrencies to invest in 2019.
Hence, let us first understand about cryptocurrency for better understanding about it:
What is Cryptocurrency?
Cryptocurrency is a digital currency which is programmed to function as a medium of exchange using cryptography techniques. It uses blockchain technology to secure and verify transactions as well as create new units or coins of cryptocurrency.
While Bitcoin is not a viable investment option, there are many other cryptocurrencies that are worth investing in. Here’s our list of the top 7 cryptocurrencies to invest your cash in this year.
A lot of people are asking me what coins I think will be good to invest in in 2019, so here is my list.
This list is based on my own research and opinion only. Do your own research before investing!
I have excluded currencies that I don’t personally believe are worth investing in and have no plans to ever invest in myself. I have a very specific investment strategy for crypto currencies, so this list will not include things like Bitcoin, Ripple, EOS and Tron etc.
Please note that I am not a financial advisor. All investments you make are of your own.
There are more than 7 cryptocurrencies to invest in. However, if you want to make money off of your investment and hold it long-term, these are the coins you should invest in.
Bitcoin was released as open-source software in 2009. Since then, it has reached an all time high price of $20,000 USD per BTC in December 2017, and many companies have started accepting Bitcoin as a form of payment. It’s safe to say that Bitcoin is the most popular cryptocurrency out there.
Ethereum was created by Vitalik Buterin in 2013 and is a decentralized software platform that allows Smart Contracts and Distributed Applications (DApps) to be built and run without any downtime, fraud, control or interference from a third party. The applications on Ethereum are run on its platform-specific cryptographic token, Ether. Ether is like a vehicle for moving around on the Ethereum platform and is sought by mostly developers looking to develop and run applications inside Ethereum. There are currently over 100,000 distinct DApps running on Ethereum.
Investing in cryptocurrency seems profitable and replete with fast profits. After all, during the past six months, bitcoin (BTC-USD) bottomed out in mid-February near $6,000, only to rebound to over $11,000 by early April.
It gets even better when you consider the fact that the prices of most cryptocurrencies are less correlated with stocks and bonds, adding an element of diversification to your investment portfolio.
And before you even ask: yes, it’s too late to get into Bitcoin. If you don’t have a huge amount of money to invest in the first place—or you’d prefer to gradually build up your holdings—bitcoin isn’t for you right now. You know that already.
However, I’m not here to talk about bitcoin today. Instead, I’m talking about lesser-known cryptocurrencies that could potentially deliver equally strong returns over time.
I’m talking about cryptocurrencies like NEO (NEO), Stellar Lumens (XLM), and Cardano (ADA), among others. These alternative digital coins promise to disrupt their respective industries by creating a decentralized sharing economy via blockchain technology—the digital ledger that records transactions without the need for a financial intermediary like a bank or government.
There are more than 2,000 new coins in the cryptocurrency space. At least one of them will be a mega hit, and a few might be worth your attention. It is hard to predict which one it will be but we can make an educated guess by looking at the underlying technology, team, and community support.
If you didn’t know Bitcoin was the first cryptocurrency that started the blockchain movement in 2009. Bitcoin is currently priced at $3,641.61 at the time of writing this article. In 2017 Bitcoin price rose from $900 to over $19,000 before dropping again during 2018.
The reason many people hold on to Bitcoin is its limited supply of 21 million coins and its wild price swings. They believe that Bitcoin has the potential to reach $100K or even $1 Million per coin. Right now there are 17 million Bitcoins in circulation with a total market capitalization of over $60 billion dollars. Bitcoin is still the king of cryptocurrencies and it will likely remain so for a long time.