What is the Best Cryptocurrency to Invest in for 2017? This Cryptocurrency not only made 2017 a good year for gains but also 16x since its debut.
So what’s the best cryptocurrency to invest in for 2017?
Between the start of 2017 and early September, the aggregate value of all cryptocurrencies blasted from $17.7 billion to $143 billion, a sevenfold increase.
As I write this, bitcoin is trading at $4,600, meaning the leading crypto is up 700 percent since January. Ethereum is up 2,900 percent year-to-date and litecoin has gained more than 5,000 percent over the same period.
Suffice it to say that if you had invested $1 on Jan. 1 in each of these cryptocurrencies, your portfolio would look like this:
Cryptocurrency Market Cap Change YTD (Through Sunday)
bitcoin $78 billion +700%
ethereum $32 billion +2,900%
litecoin $2.3 billion +5,100%
ripple* $7.8 billion* +850%
The world of cryptocurrency is still in its infancy. While Bitcoin may be the most well-known and popular digital currency, there are many others that are rapidly increasing in value. Some are even trying to surpass Bitcoin and become the go-to cryptocurrency of the future. While it’s likely that only one or two cryptocurrencies will become universally accepted, there are several digital currencies that could be worth investing in 2017.
There has been much speculation on what the best cryptocurrency to invest in for 2017 is. Many people have weighed in using their own metrics for determining which coin is “the best”. The reality, however, is that there is no single best cryptocurrency to invest in. If you’re looking for the best cryptocurrency to invest in, then it will depend on your own personal preference and goals.
When choosing a currency to invest in, you should look at several key factors when determining if a coin is a good investment:
Is the currency currently being used?
Is it accepted by merchants?
Does it have a strong development team?
Is there enough volume?
What Is The Best Cryptocurrency To Invest In For 2017?
The best cryptocurrency to invest in today is Bitcoin, followed by Ethereum. But of the 1,000 other cryptocurrencies, these are the 10 best.
Bitcoin has proven a store of value over the past few years and it is currently trading at 410$ today. The price varies a lot but it outperformed all the other investment vehicle by a lot.
Bitcoin is the most secure and robust cryptocurrency in the world, currently finding its way across the world of business and finance. Bitcoin was thought of as Internet money in its early beginnings. Unlike fiat currencies Bitcoin is a decentralized currency. That means that a network of users control and verify transactions instead of a central authority like a bank or a government.
Today you can use bitcoin to book flights, utilize transfer services, buy Apple products, use bitcoin ATMs, shop at supermarkets, pay salaries to employees and even pay your utility bills!
You can find more details about bitcoin here: https://bitcoin.org/en/you-need-to-know
Here are some facts about Bitcoin:
Supply cap: 21,000,000 BTC
Current supply: 16,685,612 BTC
Current market capitalization: $6 billion USD [
However, as I mentioned, these have been the most impressive gainers in 2017 and since their debut. There is a lot of room for growth and as always, there will be a correction. However, with all these factors that are being considered, it may be best to avoid the hype and ride out any corrections.
Here is a list of the top 100 cryptocurrencies:
1 Bitcoin (BTC)
2 Ethereum (ETH)
3 Ripple (XRP)
4 Bitcoin Cash (BCH)
5 Litecoin (LTC)
6 NEM (XEM)
7 IOTA (MIOTA)
8 Dash (DASH)
9 Monero (XMR)
10 Ethereum Classic (ETC)
Just a month ago Bitcoin was trading for about $4,000, but it’s already getting close to the $5,000 mark (at the time of writing this). A prediction of $6,000 per bitcoin by the end of 2017 certainly doesn’t seem unreasonable at this point.
But, is Bitcoin the best cryptocurrency to invest in? Should we even be investing in cryptocurrency at all? Well, there’s only one way to find out.
The second-biggest cryptocurrency out there is Ethereum. But while BTC is limited to 21 million coins, ETH actually has no limit at all. In fact, it’s probably more accurate to say that Ethereum isn’t a cryptocurrency at all!
We will go into more detail on Ethereum below. However, we wanted to give you a taste of some of the other cryptocurrencies out there as well. Below are some other top coins and their current market capitalization:
The most popular cryptocurrency, Bitcoin has become the de facto standard for digital currency since its introduction in 2009.
Growth of Ethereum (ETH) is so explosive that it may outpace Bitcoin and become THE dominant cryptocurrency.
Ripple (XRP) is also a very popular cryptocurrency with banks, which is why it’s one of the fastest growing cryptocurrencies by market cap.
Charlie Lee created Litecoin in 2011 to be a more efficient and faster version of Bitcoin, but without the volatility.