- Bitcoin and Ethereum Investments: Does It Make Sense?
- 1. EOS: Ethereum's Number One Rival
- 2. Ripple: 2nd Coin After BTC
- 3. Stellar Lumens: Makes the Perks of Ripple Available to a Wide Audience
- 4. Tron
- 5. Litecoin
- 6. IOTA
- 7. BAT
- 8. BNB Token
- 9. Golem
- 10. Peercoin
- The Strategy of Choosing a Cryptocurrency to Invest in
- Bottom Line
Just like 2018, the next year promises to be full of ups and downs for all cryptocurrencies. That means there's still an opportunity to get rich — you just need to make the right bets. Due to recent Bitcoin fluctuations, traders' stakes turn the tables in favor of the altcoins with a strong technical backup. What are the best cryptocurrencies to invest in 2019? Which are the best cryptocurrencies to buy? Here are the most promising blockchains and companies behind them.
Bitcoin and Ethereum Investments: Does It Make Sense?
The chances that Bitcoin will make its previous 1,000% rise are minor: the cryptocurrency community admits there are more technologically advanced alternatives. New altcoins pop up every day, and their developers keep surprising audiences with innovative features and the technological supremacy of their solutions. Although the bearish tendency of the market seems to subside a little, no one can guarantee that the Bitcoin price can break its previous records and hit $20,000 again.
What about Ethereum? It is still potent and promising, but there are many competitors coming up with more agile and sophisticated blockchains. Some companies are already shifting from Ethereum to Neo and platforms alike.
1. EOS: Ethereum's Number One Rival
Of all Ethereum's competitors, EOS seems to be the most technologically advanced platform. Why? First and foremost, it removes the main barrier for developers — the Solidity language (it's the only means of programming in Ethereum). Instead of it, EOS users have access to databases and instruments along with other numerous services, which means no knowledge of programming languages is required at all.
To top it off, EOS is more flexible than many other similar platforms: no gas fees are charged because 21 gatekeepers process the transactions. The coin isn't mined; it's produced by certain users elected by the community.
EOS has all the chances to become an advanced, popular blockchain platform, so don't miss your opportunity to buy it for $6.1.
2. Ripple: 2nd Coin After BTC
Slowly but steadily, Ripple has made its way to the second largest cryptocurrency by market cap after Bitcoin. However, it works with completely different principles. Ripple was created for large financial institutions rather than individual users: this cryptocurrency serves to facilitate cross-border payments, making them strikingly fast and cheap (a transaction costs a fraction of cent). Ripple Labs received huge support from corporate investors (such as Google), and now this cryptocurrency is being introduced by Asian banks and financial institutions around the world. We have already discussed that Ripple is unlikely to reach $100, but it is expected to reach the $1 threshold in the nearest future — its price is $0.42.
3. Stellar Lumens: Makes the Perks of Ripple Available to a Wide Audience
Unlike Ripple, Stellar is designed to facilitate cross-border payments for individual users. While such payment processing giants as PayPal charge 5% fees for transactions, Stellar has only a $0.01 fee for 600,000 transactions! The processing speed is 5 seconds per transaction, which is quite agreeable. Moreover, the platform solves the issue of energy consumption that plagues Bitcoin and a few other blockchains. The proprietary Stellar Consensus Protocol is used to process operations instead of Proof of Work. The Stellar team has already partnered up with a few tech top dogs, such as IBM, so it enjoys enormous support from corporate investors.
Why consider TRX? TRON recently acquired BitTorrent, which allows for developing safe decentralized torrenting methods in the future. For example, such innovations can help us to distribute files across a network and re-assemble them for user downloading.
Another one of TRON’s advantage is that it’s one of a few ERC20 tokens that have made it to MainNet. Although TRON’s growth isn’t as rapid as Ethereum’s, it has 300,000 accounts so far. At the moment, 1 TRX is worth $0.028, so it’s a good investment for traders with a shoestring budget.
One of Bitcoin’s main alternatives, Litecoin has made it to the Top-10 cryptocurrencies by market cap: it has reached a $1.45 bln capitalization and now is the 9th coin on the list. LTC has the average block mining time of 2.5 minutes against Bitcoin’s 10 minutes. Besides, it’s one of the big four on Coinbase.
While Bitcoin requires 95% of miners to signal that they support SegWit for activation, Litecoin requires only 75%. The lowering of the consensus threshold makes it easier for Litecoin to attract active investors. At the moment, Litecoin costs $91.97 — it’s been through ups and downs, but the cryptocurrency community believes in its potential.
IOTA cryptocurrency was designed for the Internet of Things. It has four key advantages over other coins:
It’s fully decentralized.
Users aren’t charged fees.
The technological secret underlying IOTA’s success is the Tangle. While Bitcoin uses a blockchain environment to maintain the ledger, IOTA’s Tangle is a directed acyclic graph (DAG). Such a system solves the problems of scalability and transaction fees. The sender performs some kind of proof of work and approves two transactions. Thus, the higher the number of users is, the faster transaction speed they can enjoy. To top it off, IOTA has a lot of applications.
Considering the fact that the number of Internet-driven devices is expected to reach 30 bln gadgets by 2020, and the market cap will be around $7.1 trillion, IOTA has a lot of potential, even though there’s a serious competitor – the IOTW startup.
Basic Attention Token (BAT) was founded by tech specialists from all over the world. This token is designed for content creators, publishers, their audience, and advertisers. For example, users can donate to content creators in BAT currency, or get BAT rewards for watching advertisements. BAT is supposed to be used in the Brave browser, which repels malware and protects users’ privacy while surfing the web. With this browser, users will enjoy the content they like without annoying ads and ISPs selling their personal information.
At the moment, BAT is worth $0.37. The cryptocurrency is expected to start growing in a year or so.
8. BNB Token
The universe of cryptographic money is blasting in 2019 and keeps attracting new traders in 2019. Thanks to that, the Binance platform is developing step by step. It’s not surprising that BNB token is becoming so popular – this token is among the most traded and best performing on the market.
Golem is a global decentralized supercomputer that unites the power of each machine on its system. Referred to as Airbnb for computers, Golem network empowers customers to rent their unused CPU/GPU resources via distributed systems.
The PPC coin is a P2P crypto asset that utilizes both proof of and work mechanisms. The concept of the coin was invented in 2012. Peercoin was made to be the most secure crypto coin for a minimal cost, repaying all of its customers 1% yearly PPC interest while printing.
The Strategy of Choosing a Cryptocurrency to Invest in
How to choose reliable and promising coins for investment? Here are a few recommendations for making smart investments:
Opt for ICOs. This is one of the easiest ways to multiply your riches. For example, had you invested in Neo’s crowdsale, your return would currently be 160,000%, or 5,000% for Populous, or 4,000% for OmiseGo — well, you see that ROI may be astronomic. However, the majority of ICOs fail, so you should research thoroughly.
Check out less popular exchanges. If you missed your chance to invest in an ICO, you can invest once the coin hits the market. During this time, there’s usually a short spike followed by a dump once investors seek short-term gains. This is a great opportunity to buy coins you’re interested in for a low price. Cryptopia and IDEX are perfect places to search for such types of coins.
Track and time important events. This is a short-term strategy and should mostly be used by experienced traders. It’s not a secret that the price of a cryptocurrency rises after some partnership announcements or tech introductions. You can buy cryptocurrency cheaper and sell it for a higher price.
Be in the know. There are thousands of cryptocurrencies that have already hit the market and thousands coming soon. You never know which gems you can stumble upon. Keep tabs on cryptocurrency news, research new projects, follow cryptocurrency Twitter accounts – knowledge is power.
There’s still a myriad of opportunities to invest in cryptocurrencies that can potentially make you 10-100x returns. However, as you know, cryptocurrencies are very volatile. So before making a move, do your homework: research the cryptocurrency, blockchain, and development team behind it. If you really believe in the fundamentals of the token, the timeframe doesn’t matter. Once you buy the cryptocurrency, get all your patience and wait for when it gets listed on a major exchange.