Gone are the days when Bitcoin took all the glory for Cryptocurrency investments. 2017 was cool – Bitcoin rose by 1000%. 2018 was awesome – there were loads of ups and downs. Some people made money while others lost money.
2019 can be better, only if you know the best cryptocurrency to invest in. Bitcoin might never make another 1000% jump in 2019, but with the right information, you sure can make up to 1000% profit if you know the best cryptocurrencies to invest in.
Bitcoin is the father of all cryptocurrencies. It also still remains a sure bet when it comes to the best cryptocurrency to invest in, as it has a market cap of $92.9 Billion. Ethereum too cannot be left out of the list of cryptocurrencies to invest in 2019 since it has proved its value with a market cap of $18.9 Billion.
The purpose of highlighting the best cryptocurrency to invest in will be defeated if Bitcoin and Ethereum top the list.
The crypto market is large enough and the list of cryptocurrencies is always on the rise. As many as 1,000 cryptocurrencies have failed already, with more currencies sure to follow. With that in mind, what are the top 3 cryptocurrencies to invest in?
Grab a seat, let's go on a ride!
- Ripple (XRP): (market cap $14.9Billion)
Ripple was designed as a faster and more reliable way for banks to transfer money. Simply put, Ripple is revolutionizing how payments are done. It is poised as a replacement for SWIFT. It has become a subject of discussion following its adoption by several big organizations. Reputable institutions like MIT now accept Ripple as a means of payment. But that’s not all. Did you know that Omni Prime (a company that provides lending as a service solution to retailers) raised a total of $87 million while accepting Ripple only?
2. Litecoin (LTC): (market cap $5.4Billion)
Popularly referred to as the Bitcoin’s little brother. Litecoin is also often referred to as silver since bitcoin is gold. Litecoin was hard forked in 2011 by Charlie Lee and has since maintained the top 5 flight in terms of market cap. Litecoin trades on many digital exchanges and wallets and has a coin limit of 84 million (larger than Bitcoin’s 21million limit). In 2017, just like its brother, Litecoin hit an all-time high of $360 (from $4, that is a whopping 8200%) before dropping due to regulatory pressure from many countries. Since then, Litecoin has positioned itself as one of the most reliable cryptocurrencies when it comes to trading volume and price stability.
3. Binance coin(BNB): (market cap $2.5Billion)
The new, yet strong kid on the block. Binance coin outperformed 2018. It had a 75% rise between January and April of 2018. It is an investment every crypto investor in the market should look out for. BNB was conceived as a tender for trading different cryptocurrencies trading on Binance. Experts have referred to the Binance coin as the ‘lucky’ coin since it is a product of crypto exchange giant, Binance. Taking a good look at the list of cryptocurrencies, Binance coin sure qualifies as one of the best cryptocurrency to invest in. The growth of the coin is mind-blowing. Though new, BNB is ranked 7 on coinmarketcap and ranks as one of the most traded cryptocurrencies in the world. As an investor in BNB, your benefits start from an increase in trading volume. You also get up to 50% discount on transaction fees per year on Binance.
The crypto market is not feasible for short term gains. Most cryptocurrencies exhibit resilience before bouncing back in the long run. As an investor, take time to study the trend. It is not about your favourite cryptocurrency, it is about the cryptocurrency that is worth investing in. Also, the fact that your favourite cryptocurrency didn’t make the list, doesn’t mean you have a wrong coin/decision, it just means the coin hasn’t met the criteria to be considered ‘best investment’. If you want something to maximize your profits in the crypto market, you now have 3 options plus Bitcoin and Ethereum.