Best Cryptocurrencies to Invest in 2019
If you’re an optimistic investor venturing into the unknown crypto territory, chances are that your research might have led you to Bitcoin. But it is not the only cryptocurrency out there. There are many other cryptocurrencies that can fetch you good returns with lesser investments.
If you are looking for the best cryptocurrencies to invest in 2019, then you are in the right place. Below is a list of cryptocurrencies that you can look forward to in 2019.
Launched with 12 million pre-mined coins, Ethereum saw a growth spike in 2017, making it one of the most lucrative investment options. The true potential of Ethereum is in its adoption. Unlike Bitcoin, which is just for financial exchange, Ethereum is a complete ecosystem where decentralized apps (DApps) and other tokens (coins that are usually distributed via ICO) can be developed. Its team is working on its scalability issue and it is can be a profitable long term investment.
At the time of writing this blog, the price of Ethereum was USD 132, which is almost 10 times lower than its record high price of USD 1,431. It will be wise to buy Ethereum now since it is the most popular cryptocurrency after Bitcoin and is surely here to stay. So many projects are using Ethereum Blockchain that the chances it will vanish in the thin air are almost nil.
One of the most popular emerging token. PlatonCoin is the heart of Platon Finance’s crypto education and investment platform, which is the first to offer insurance coverage of up to EUR 500,000 for its wallet against any theft/fraud. Being focused on solving problems with Blockchain technology, the company launched its own trustworthy ecosystem to help people learn about and trade cryptocurrency. Protected with the Symantec’s security, the platform facilitates people to buy properties by spending PlatonCoin.
The project looks strong and has already won 2 recognition: ‘The Best Fintech Product’ at Zug Summit 2019 and ‘Company of the Year’ by CIO Applications Europe magazine. At the time of writing this blog, the token was in the top 20 spots in the list of ‘Top Gainers in last 24 hours.’
A Bitcoin alternative in the true sense, Litecoin was developed on the same principles as that of Bitcoin. Having made it to of the top cryptocurrencies, Litecoin showed huge potential in the year 2017: between January and December, its price rose from $4 to $350. The main feature of Litecoin that makes it a lucrative investment option is its performance. Litecoin has the power to process blocks in just 2.5 minutes, making it four times faster than Bitcoin.
Litecoin is one of the few cryptocurrencies that has shown growth in 2019 despite all odds. An analyst on Forbes recently proposed that there will be a flipping toward the end of the year that will put LTC ahead of XRP.
4. Ripple (XRP)
Ripple worked its way up to become one of the popular cryptocurrencies when it comes to payments and other banking/financial use cases. Developed with an independent set of principles, it grew by an astonishing 36000% in 2017. Ripple has been adopted by numerous corporate investors due to its ability to facilitate easy and secure cross-border payments. Apart from this, it is also popular due to the fact that it has already been adopted as a payment system by numerous financial institutions such as American Express, JP Morgan, and Santander.
From the above information, it is evident Ripple is an established currency and its adoption is only going to increase in the future. It might be a good idea to invest in this cryptocurrency when the market is down.
Stellar is another cryptocurrency focusing on cross border payments. It has been successful in making developmental improvements, as well as partnerships, during bear market. Stellar is similar to Ripple in a few ways, but one of the most prominent similarities is its success in building partnerships with massive corporations.
At the time of writing this, the prices of Stellar was $0.101817 USD. It is a cheap investment option for an early investor.
Conclusion
The cryptocurrencies mentioned above are not the only options out there. There are other cryptocurrencies you can invest in such as Bitcoin Cash, Zcash, Dash, Neo, Steem, etc. that have the potential to provide sound returns on your investments. However, when it comes to safe investments in the bearish market, the above-mentioned cryptocurrencies are your best bet since they are backed by corporates.
In the end, it all comes down on your research. And most importantly, your patience. Don’t do panic selling if the price goes down and hold on to the coins like any other traditional investment instrument for a longer period of time to get the desired gains.
