There are so many virtual currencies available in the crypto-verse since the emergence of Bitcoin on the crypto scene. In this article, we will explore a very popular question asked by crypto investors around the world. Which are the best cryptocurrencies to invest in 2019?
So many people find it hard to figure out the ideal Blockchain technology to fully invest in as it is as tricky as picking the right stock winner. When there are more than 2000 different cryptocurrencies out there, how do you pick a winner?
Though it can be overwhelming, it is also confusing when you are in dire need to invest and lost on which coin to go for. However, we will make the whole process easy for you.
Nonetheless, before you begin your journey to investing in virtual currencies, it is vital to develop a successful trading strategy. Meanwhile, both day trading and trading cryptos will demand to take lots of risks.
In a bid to decrease the risks of crypto trading, you will have to try to diversify all of your holdings and invest in diverse types of coins. Like this, if one digital coin should underperform, your investment will end up being protected still with the second.
Also, you should pay close attention to all the crypto news and stories. When you balance all of the rewards and risks involved carefully, you can take full advantage of the cryptocurrency industry’s natural growth.
Now, we can take a glance at the best Cryptocurrencies to invest in now that you want to venture into the crypto-verse.
So, What Are Some Of The Best Cryptocurrencies To Invest In 2019?
With Cryptocurrencies, you will always find the opportunity to make some extra income; however, the key is knowing the exact coin to put your money in.
For the time being, there are about two thousand, one hundred and twenty virtual currencies available in the crypto ecosystem. Furthermore, the market cap of every crypto has been estimated to be more than one hundred and twelve billion dollars
This sum comes after Cryptocurrencies attained a peak of eight hundred and thirteen billion in the year 2018. So many people believe that Blockchain innovation is the next big thing on Earth.
Although it is quite difficult to predict the future, the fact remains that this secure and decentralized invention has given us powerful reasons to remain positive.
Moreover, the best Cryptocurrency we have picked have the best opportunities to significantly outperforming the crypto market this year. And, before we delve into the list, it is best that you know how we picked the best Cryptos.
Before compiling this list, we considered some things, and they include:
- Most promising technology
- Those traded in lots of exchanges
- Their recent trends and historical performance
Also, Weiss ratings have ranked these Cryptos based solely on four models which are:
- Risk and;
The best cryptocurrencies to invest in include:
Obviously, when looking at a list of the best cryptocurrencies to invest in you have to include Bitcoin on the list. Even though it suffered a crash last year, the periods between January and May 2019 saw the coin increasing in its value from $3862 for each coin to $5412.
You can always testify to the fact that Bitcoin has greatly expanded its utility over time. Currently, lots of e-commerce stores, restaurants, and retail outlets are accepting Bitcoin as a method of payment across the globe.
Furthermore, Bitcoin has managed to remain in a special position that makes it stand out from all other virtual currencies. When it comes down to its technology and adoption, Bitcoin is highly rated as it has been the most trusted crypto for a long while.
Judging from what Weiss rating algorithms had to state about Bitcoin, it is a fair investment when we talk in terms of its risk to its reward ratio. Weiss ratings take Bitcoin as a comparatively low-risk investment.
Before we begin, bear in mind that Ripple has continuously remained a low-risk investment. And, this aids in making it a very safe place, although, it gives room to make little profits if a bull market is hanging around the corner.
Nonetheless, if you plan on maximizing all of your profits, we think that ripple is the ideal coin to invest in. The coin has established itself as being rated among the most sense able coins in the industry.
Asides from Bitcoin, ripple has greatly enjoyed all of the highly predictable price shifts. Since the digital coin experiences over eight hundred million dollars in its daily trading volume, this has made it be rated among some of the most liquid digital coins.
Additionally, the company that is behind this virtual coin is creating a huge foreign network that has lots of members running into hundreds.
Ripple has gone further to develop a technology that is capable of revolutionizing how payments are carried out. Note that, Ripple can actually be an option for the popular SWIFT system that is being used for foreign money transfers.
The company is working very hard to get some more companies to make use of their technology, and this will result in its coin’s price rising significantly. Ripple’s XRP can be bought on exchanges like CoinBase, Binance, KuCoin, and so many others.
Meanwhile, Ripple has exceeded its twelve billion market cap, and it will amaze you to know that it is very affordable to buy a distinct XRP. Most people are still adopting the coin, and it has been rated as a safe investment by Weiss ratings.
Also, it is riskier than Bitcoin. But, overall, it is a Cryptocurrency you will enjoy investing in.
Basic Attention Token (BAT)
This is a virtual currency that has been structured to bring in newer ways of sponsorship to the web. We are all aware that the internet is most of the time based on advertisements that are paid for.
Whenever you open a website, you are sure to come across lots of ads. Differing from Ripple and Bitcoin, BAT is a virtual coin that is still trying to make a mark in the crypto-verse.
Its volatility level is above average. However, we can say that it has managed to generate some very impressive returns.
It is through the dependence on add revenues and monetization of contents via ads that makes BAT the ideal candidate for your investment. The coin’s value increased from January to April. This increase was from $0.14 to $0.44 for each coin.
It is imperative that you note that the people behind BAT greatly envision a world of sponsorship where we all make the sole decision to support all of our best creators. This was why the BAT coin was created and merged into its BRAVE browser.
As it stands, there are more than 1.3 billion BAT coins that are in circulation. Its daily trading volume is about $108.6 million, and its current market capitalization is four hundred and sixty-six million dollars.
Though all of these numbers are smaller when compared to that of Ripple and Bitcoin, bear in mind that BAT is still on the rise and has lots of prospects. It may as well be said to be ideal for risk-tolerant individuals and investors.
As given Bitcoin is on this list of the best cryptocurrencies to invest in 2019, so is Ethereum or Ether.
As in January 2018, Ethereum’s price was said to have skyrocketed a little bit closes to one thousand six hundred dollars in the course of the most powerful crypto bull market.
Also, the Ethereum market capitalization was about one hundred and thirty-eight million dollars. Additionally, Ethereum is not just a virtual coin; it is referred to as a much more developed Blockchain technology than the popular Bitcoin.
The Ethereum technology enables all other Blockchain projects to be debuted on its platform. Although Ethereum began trading for a fee of one hundred and forty dollars per coin at the starting of 2019, its price now is nearly two hundred dollars.
Note that Ethereum is more affordable than the popular Bitcoin, but it is much more expensive than Ripple and BAT. You can always purchase Ethereum from diverse exchanges like Binance, KuCoin, CoinBase, and so many others.
It is the second coin to be highly adopted right after Bitcoin, and judging from Weiss’s algorithm, Bitcoin is a bit safer to invest in than Ethereum when it comes down to the risks and even rewards ratio.
In the case of its adoption, Ethereum is the most preferred decentralized application creation platform with over seventy-two thousand, four hundreds and twenty-two individuals making use of its dApps.
Also, Ethereum is responsible for the emergence of smart contracts into the crypto-verse. Shortly, the platform will be transitioning into Ethereum 2.0 and will make use of the sharding technology to fix all of its scalability problems
This is another virtual currency that has smart contracts like Ethereum, and it is steadily gaining prominence. It has been credited as the first blockchain operating network that offers dApps that live on the Blockchain.
Its transaction speed is fast, and it has much better scalability when compared to its competitors. Note that the transactions on this network are actually free.
Furthermore, EOS’ ICO was completed in May 2019, and it raised a total of four billion dollars.
It has about two hundred and eighty-one dApps creates on its platform. Most of it is gambling dApps, which are being keenly followed by the gaming DApps and decentralized exchanges.
The coin has been noted to rise and fall quite steadily and this gives investors ample time to purchase and ultimately cash out.
This is a fork of the original Bitcoin and it is actually one to look out for. It is the fourth biggest Cryptocurrency according to market capitalization.
However, if it is forced to level up its criticism against the original Bitcoin, its major challenge is slow transaction speed.
It was created with the aid of modified encryptions from the Bitcoin project that enables bigger block sizes, boosts quicker transaction times, and much better scalability.
Although it is not vastly approved like Bitcoin, the bitcoin cash is quite promising and still a good alternative to the original Bitcoin. It is sold on all the prominent exchanges, including Huobi.
This digital coin is now being approved as a means of payment at diverse retail outlets, and it has been stated severally to have a really bright future. Its long term investors have been rewarded with about twenty times their returns.
For now, it trades at about eighty-four dollars, and it has continuously remained one of the best cryptocurrencies to invest in. The digital coin boats of a swift transaction time when compared to Bitcoin.
Its transaction time is mostly attributed to its usage of diverse types of algorithms to join transactions to the Blockchain — furthermore, its growing transaction speed aids in enhancing its scalability.
If you never knew, Litecoin was forked out from the source code of Bitcoin, and it was created simply to provide quicker transaction time and reduced transaction fees than Bitcoin.
With regard to its acceptance, the digital coin has partnered with a Blockchain-based hotel booking platform known as Travala.com. In its deal, users can actually reduce their booking costs by forty percent if they are paying with Litecoin.
So as a strong Bitcoin alternative Litecoin was a sure thing on this list of the best cryptocurrencies to invest in maybe 2-3 years ago. Now it is still a very good bet in the short term. But questions can be asked about where Litecoin will be in 5+ years?
The first thing to know is that Cardano is a project that is named after the polymath and mathematician of the 16thcentury known as Gerolamo Cardano.
ADA or Cardano has quickly become a favourite coin of many. With serial crypto-entrepreneur Charles Hoskinson behind it. ADA has definitely grabbed the attention since its release in 2017. And a cryptocurrency that also deserves to be on this list of the best cryptocurrencies to invest in.
At its crux, Cardano is, first of all, a smart contract platform that is very much like Ethereum. The popular ADA coin is responsible for primarily driving this decentralized system based on the Blockchain.
Furthermore, Cardano is the globe’s first peer-reviewed Blockchain. The non-profit organization that is responsible for Cardano actively assembles a wide variety of scientists and academics from diverse universities.
Cardano is a third-generation virtual currency and platform that claims to enhance the scaling issues bitcoin, a first-generation virtual coin, and Ethereum, a second-generation virtual coin.
Cardano is often referred to as the Ethereum of Japan. This is a result of the fact that ninety-five percent of the participants in its cryptocurrency’s ICO, i.e., ADA, were all Japanese.
As of December 2015, ADA was being sold for $0.20636 according to coin market capitalization. Later on, the price doubled to $0.447912 and swiftly moved once more to $0.40251.
Also, there are some ATMs situated in Japan that will soon be established to purchase ADA. Users can make use of these ATMs when it starts.
To Wrap It Up
If you were confused about the ideal Cryptocurrency to invest in earlier, now you do not have to be as you can easily read through this article and select from our compilation.
Although Cryptos are still very much in their formative era, newbies to the crypto-verse can invest only their risk capital and proceed to create their portfolio of vastly traded digital coins.
These are the best cryptocurrencies to invest in currently. Do not miss out on it.
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Per Englund – Founder of Go CryptoWise a cryptocurrency and tech fan that want to see better and smarter products and services that make our lives better and easier