Which Altcoins Should I Invest in if I Have $100?

Every crypto investor’s strategy is different and depends on what their endgame is. Are you looking for a short-term gain or are you in it for the long haul? Either way, there are many altcoins which have the potential to earn you the returns — some quickly and others over time. Holding a variety of Altcoins will ultimately bolster your portfolio and allow you to circulate your gains back to the top.

THIS IS NOT INVESTMENT ADVICE
Rather, this article will outline key aspects of several crypto projects which make them potentially very valuable.

The following price charts are from CoinMarketCap.com on 6/14/18

Always do your own research and feel comfortable in your decision before investing.

If you have $100 to invest, and you can afford to lose it in the market, you might try your hand at these digital assets:

Cardano (ADA)

Current Price = $0.17

Market Cap = $4.4B

Known as the “Ethereum Killer,” Cardano is a platform that launched in September of 2017. Considered to be a third generation blockchain platform, it solves issues in scalability and sustainability which have hindered many altcoins in the past. Led by CEO Charles Hoskinson; an Ethereum co-founder, along with a team of cryptocurrency experts, launched a platform which has gained plenty of news and respect from the cryptocurrency world. ADA isin position for a potential bull run this year.

Currently trading around $0.17, Cardano has seen an all-time high of $1.22 but hasn’t been trading at prices close to that for a while. With over a $4B market cap, it still has a lot of room for growth and development. Home to the ADA coin, Cardano is more than just a cryptocurrency, it utilizes its tech to send and receive digital funds.

This is a technological masterpiece unlike anything ever seen and has the potential to surge to several dollars per coin. Despite how you decide to move forward, Cardano may be a good idea to hold as a portion of your portfolio for the long run as it continues to make headlines. Keep an eye on it throughout the year as it updates and launches its platform while the price is under $0.25.

Wanchain (WAN)

Current Price = $3.07

Market Cap = $325.9M

Ranked among the top 4 on coinmarketcap.com, Wanchain is a privacy-focused coin which is also a fork of Ethereum that is currently trading at around $3.00 with an ATH of just under $10. Wanchain presents a compelling investment thesis based on its application scenarios.

It can be used as a platform for the decentralized exchange of the world’s digital assets as well as ICOs. Wanchain uses its asset management tools to minimize the risk of exchange counterparties, providing many with a heightened sense of security and privacy. Led by a large team of experienced crypto players and veterans of the Ethereum development space, the coin has gained tons of news coverage over its potential to become the future of the digital economy. What makes Wanchain special is its utilization of cross-chain smart contracts which allows it to bridge decentralized ledgers in the blockchain space — something we haven’t seen from other prominent platforms.

The roadmap highlights several projects it will execute over the next year, including Wanchain 3.0. Although there is ample room for other players to emerge in this space, Wanchain has the fuel to explode given its relatively stable prices compared to its competitors.

Nucleus Vision (NCASH)

Current Price = $0.0155

Market Cap = $66.3M

Nucleus Vision is one of the most exciting altcoins in the current market. Similar to VeChain, Nucleus Vision has a goal of creating better information platforms for businesses like resorts and hotels. With working prototypes and products, this platform allows business owners to gain a better understanding of what their consumers want. They can get a wide breadth of information using an ion sensor and can use the collected data to make better business decisions based on customer trends and interests. Unlike Wanchain, this is straying away from a high-privacy platform and parallels a “big brother” type of system.

Backed by Tim Draper, this technology has raised money from high-profile investors and has planned to expand over the next few years. Not only is there an incentive for business owners to use it, but consumers can also earn NCASH by consenting to the use of their data by the technology for business owners to make better decisions based on what consumers purchase in their stores. This is an amazing product which will soon be integrated into more shops worldwide over the next few years.

Currently trading at just a few cents, this is one of those cheaper altcoins which could see long-term growth, but probably won’t be spiking anytime soon. With a current market cap of $66M, Nucleus Vision still has a tremendous amount of room to grow and will increase in price as more businesses adopt its tech. Look for the price to snowball once Bitcoin passes its next spike, as altcoins tend to follow in Bitcoin’s shadow.

Ethos (ETHOS)

Current Price = $1.75

Market Cap = $134.5M

Many cryptocurrencies serve as platforms to exchange or bridge other digital assets in an increasingly efficient manner. Ethos — formerly known as Bitquence — does that and more. It is capable of becoming the main cryptocurrency mechanism which allows beginners to enter the space in the most seamlessly smooth manner. Its headline feature is a universal wallet that allows all altcoins to be exchanged and traded through its platform. Currently, many people have to keep track of different passcodes and keys to access their different altcoins, which are stored in multiple wallets. What Ethos is trying to do is get rid of this tedious process by having one wallet to rule them all.

Currently, it’s in alpha stage and you can pre-register for their wallet on their website. An incentive to registering is the possibility of coin drops which will give free tokens to people who own this wallet. It would be a great way to gain free coins while keeping your funds organized. Additionally, you will receive one year of free Gold Membership, which gives you access to premium features like phone support and priority registration for wallet names. Until the alpha stage ends, this seems like a great opportunity to gain access to early opportunities if Ethos can deliver on its promises.

While it’s currently trading at just under $2.00 and an ATH of just under $11.00, there is plenty of room to grow given its plan to launch its program over the next year. The platform will be very similar to a social network which is run by users and powered by people, indicating that this could quickly be the future of all things crypto-related from news and exchanges to contests and communication.

Qtum (QTUM)

Current Price = $11.04

Market Cap = $978.9M

China-based Qtum (pronounced Quantum) has come a long way in terms of creating a transparent platform for users to develop their decentralized apps. Many call it the hybrid of Bitcoin and Ethereum and it has managed to rise over 200% since its ICO released last year. For a while, it stayed on the edge of the radar as a coin to watch since many believed that it would diminish and ultimately no longer function. However, it is now trading at about $11.00 with an ATH of just over $100! This is one of the more significant gaps between an altcoin’s trading price and ATH, indicating that it’s a perfect time to introduce cash positions before it spikes again.

Qtum is “the blockchain made ready for business” and works to change the way smart contracts are viewed worldwide. Currently, you need a lot of miners to manage and run the network of a blockchain like Ethereum. Qtum’s unique system supports a proof of stakeholder (POS) system that gets rid of the need for active miners to keep the blockchain running. All you need to do is keep the wallet running and everything else is handled through its POS system. This means that the cost per transaction is less, posing a real threat to Ethereum. Users can distribute and operate business applications much faster than most — if not all — other platforms and is currently at an extremely low price given its potential to spike. As it continues to innovate and update its own technology, everyone should keep an eye on Qtum, especially since it has shown its ability to spike in the past and can most definitely do so again in the future.

Although these coins show huge potential to either spike or grow in the future, this is neither indicative of, nor guarantees relative success. Be sure to conduct your own research before investing in any assets. As the top coins continue to bounce back following a large market retraction, it looks like altcoins may soon be on the rise and now is the time to invest in the ones which have the highest potential to grow. Be smart, be patient, and be confident in your investments in altcoins.

Good luck and happy investing!