21 Nov What is the best cryptocurrency to invest in right now?
Today we’ll talk about profitable investments that can bring a substantial income. Recently, there has been an active debate about the prospects of electronic money. It is difficult to imagine the modern world without computers, cards, and new technological progress. Therefore, the question of popular Cryptocurrencies to invest to earn money becomes urgent. Many experts are actively debating the prospects of these investments. We will consider different opinions on this issue and decide whether it is promising to invest in a crypt.
TOP-5 Cryptocurrency to Invest in 2019
Most likely, there will be a second wave of fall of Bitcoin’s prices due to the following reasons:
- Tightening the attitude towards the Bitcoin from large countries. The larger amount of pressure comes from the United States and Russia.
- Unscalable system. The block size still remains 1 MB, which is categorically not enough for a large number of transactions.
Most likely, soon, the rate will fall until a new wave of buying begins. Now it’s hard to predict some movement for the whole year.
The Bitcoin market always suffers a correction. Similar changes occur every year. The last was in the summer of 2017 and is repeated at the beginning of 2018. Now the owners of the assets are selling their coins, and the price is going down. However, a new wave of speculators is growing in the market. People are slowly buying tokens and will gradually increase the price and create a new trend. Therefore, in 2019, bitcoin can still grow to previous indicators and even surpass them.
Serious changes are occurring on the market, but they can be compared with June-August 2017. If we superimpose charts on each other, we can get a clear picture. In 2017, there were the same fluctuations, with the exception that at the beginning of 2018, the price difference reached almost two times. This indicates a positive development of the course and a possible re-increase in prices.
Ethereum is initially a complete blockchain platform for creating decentralized technologies. An asset in the form of Etherium coins is only an internal means of the settlement.
The platform has created a universal language for creating decentralized systems. The whole system works based on smart contracts. Thanks to them, you can use blockchain technology in many areas. Many large companies like Microsoft, Acronis, UNICEF, and others became interested in these developments. Therefore, there is at least some security on the part of large companies. But still, this cannot be called a 100% guarantee of demand for services. At one point, large enterprises may abandon technology and introduce their own.
In any case, prices are constantly rising, and after the adjustment in early 2018, a price growth trend begins. In addition to this, Ethereum has a more accurate and competent assessment of the price by the audience. Therefore, the course is not so prone to sharp drops and adjustments. Therefore, the market will gradually grow with the advent of new projects based on the Ethereum network.
The main idea of Ripple is not to fight the banking system but to improve it due to new technologies. They do not oppose their coins against generally recognized money but offer to use them when converting to other currencies. Thanks to this process, it is possible to reduce interest, increase the reliability of payments, and speed up the transfer process in different currencies many times.
Various banks invested in the company itself. Ripple complements the banking system, so there will be demand from bankers soon.
Litecoin is one of the varieties of altcoins. In general, it is not different from BTC, except for the caching function. The company has prospects for development because Bitrefill has officially announced a partnership with LTC. Other mobile phone companies will surely follow this example.
As expected, the year began with adjustments. But since the course does not depend on any indicators, it will be difficult to predict its movement. We can assume that many of the investors will invest in LTC because of high BTC prices.
5. BTC cash
It is one of the forks of bitcoin. The separation from the main currency occurred on August 1, 2017. The main reason for the emergence of a new branch was the block restriction of 1 MB in the bitcoin network. This restriction stops the network at high loads, and a queue on transactions appears. The peak of this situation was May 2017. During this period, some users had to expect a transfer for several days.
Many miners suggested removing restrictions because this would increase the profitability of crypto miners without raising taxes. But Bitcoin developers rejected the idea because small players would leave the network because of it. Also, the centralization would appear, which contradicts the original idea.
On July 20, 2017, more than 95% of miners voted to increase the block size. On August 1, the SegWit2x protocol was introduced. Opponents of this innovation decided to abandon the new protocol, and they created BTC Cash. 8 MB blocks are used here. Innovations had a positive effect on user confidence, and miners started mining them.
It is problematic to predict something about this cryptocurrency. There was an adjustment after a sharp jump, but it occurs on all cryptocurrencies at about the same time. Now, an uptrend seems to be appearing, but there is no guarantee that it will last long.
Now you know popular Cryptocurrencies to Invest. In terms of reliability, we will place the cryptocurrency list in the following order:
- BTC cash;
We recommend dividing the fixed capital for investments into several parts. The largest of them should be invested in ETH and Ripple, and the rest can be divided according to other options. Do not hold long positions on LTC, BCP, and BTC.