21 Nov Which cryptocurrency should I invest in 2019?
2019 is full of ups and downs for all cryptocurrencies. This means that there is still the opportunity to get rich. You just need to make the right investment. In recent years, the dominance of bitcoin has decreased from 90% to 50%. And in some places, it reached 33%. All this suggests that traders are gradually switching to other cryptocurrencies. New promising cryptocurrencies with powerful technical support are emerging. It can be used in such fields of activity as economics, medicine, scientific research, etc. Today we will consider which cryptocurrencies are best to invest in 2019.
Learn The Truth About Cryptocurrency In The Next 60 Seconds
The chances that Bitcoin will reach its previous growth of 1000% are very small. The cryptocurrency community recognizes that there are more technologically advanced alternatives. New altcoins appear every day, and their developers surprise the public with innovative features and technological superiority of their solutions. Although the trend of the market seems to be dropping slightly, no one can guarantee that the Bitcoin exchange rate can break its previous records and again reach $ 20,000.
What about Ethereum? This is still a powerful and promising project, but many competitors offer more flexible and sophisticated technologies. Some companies are already moving from Ethereum to Neo and other platforms.
TOP Cryptocurrencies For Investing in 2019
Here is a list of the most promising cryptocurrencies that you should consider for investing in 2019.
EOS is a platform for creating decentralized applications. It works on the principle of Ethereum, but with one important difference. To work with EOS, you do not need to know programming languages, as is the case with Ethereum, which runs on Solidity. EOS can be compared to an operating system in which users can create any open-source application without special knowledge.
In addition to everything, transaction fees are not charged in EOS. Blocks in the chain are created every 3 seconds, which ensures high transaction processing speed. EOS has every chance to become the most advanced and popular cryptocurrency, so do not miss the opportunity to buy it for $ 4.3.
Ripple is the third cryptocurrency by market capitalization after Bitcoin and Ethereum. However, if Bitcoin is intended for money transfers between individuals, then Ripple was created for large financial institutions. This cryptocurrency serves to facilitate cross-border payments, making them amazingly fast and cheap. Ripple has received tremendous support from such corporate investors as Google, and now this cryptocurrency is being implemented by Asian banks and financial institutions around the world.
Ripple is unlikely to cost $ 100 soon, but it is expected that it will reach the threshold of $ 1. Now its price is $ 0.33.
Unlike Ripple, Stellar is designed to facilitate cross-border payments for individual users. While payment processing giants like PayPal charge a 5% transaction fee, Stellar charges a fee of just $ 0.01. The processing speed is 5 seconds per transaction, which is quite acceptable.
The Stellar team works with such large companies as IBM, so it enjoys tremendous support from corporate investors. Stellar is currently ranked 8th on the market cap. It can be bought for only $ 0.09, but in the future, the price could rise.
Litecoin, one of the main alternatives to bitcoin, has entered the TOP 10 cryptocurrencies by market capitalization. It has reached a capitalization of $ 3.1 billion and is now ranked 5th on the list. LTC has an average block mining time of 2.5 minutes versus 10 minutes of bitcoin. The Litecoin price is $ 52.49. It survived the ups and downs, but the cryptocurrency community believes in its potential.
The IOTA cryptocurrency was developed as a means of payment for the so-called Internet of Things (IoT). Using this technology, you can control the air conditioning using a smartphone, etc. This is a very promising area of activity. IOTA is already actively cooperating with such companies as Bosch and Cisco, which has caused a sharp increase in the coin rate.
IOTA is not only a unique development but also a promising cryptocurrency that is very different from other coins. Thanks to Tangle technology, it has the following advantages:
- Full scalability. The more users on the blockchain network, the longer the requests are processed. With Tangle technology, the more users on the network, the higher the speed of transaction processing;
- No transaction fees. IOTA cannot be mined. All three quadrillion coins are already online. Since there are no miners, there is no one to pay remuneration, so there are no commissions.
- The absence of limits on the amount and restrictions on the number of transactions.
Given the fact that by 2020, the number of Internet devices will reach 30 billion gadgets, and the market capitalization will be about $ 7.1 trillion, IOTA has great potential, although it has a serious competitor, which is the IOTW startup. Now IOTA is in 14th place in terms of market capitalization, and its rate is $ 0.32.
Technicians from around the world founded the Basic Attention Token (BAT). This token is intended for content creators, publishers, their audience, and advertisers. For example, users can donate to creators of content in BAT currency or receive BAT rewards for watching ads. It is assumed that BAT will be used in the Brave browser, which protects against malware and preserves user privacy while surfing the web. Thanks to this browser, users will enjoy their favorite content without annoying ads.
At the moment, BAT is in 32nd place in the ranking and costs $ 0.14. This cryptocurrency is expected to start growing in about a year.
We reviewed the most promising cryptocurrencies in 2019 for investment. Regardless of which cryptocurrency you decide to invest your money in, carefully study all the information about the coin and its developers before buying. Also, visit the forum of its community. Having bought a cryptocurrency, be patient, and wait until it grows in value.