Cryptocurrency trading represents one of the most popular business trends of the decade. The whole process started quite slowly until the price of Bitcoin suddenly rose over 2,000% last year to reach as much as $20 thousand per coin.
This inspired a real avalanche of reactions, so now everybody wants to find the next big thing and invest before the prices skyrocket. However, with thousands of digital currencies available online, it is extremely difficult to notice the most promising option and invest in it without the fear of losing your money.
It takes a thorough planning and analysis to choose the best investment opportunity, so we want to give you a hand here. In this post, we will show you the five most promising cryptocurrencies to invest in. Let’s take a look!
Cryptocurrency Trading: Where to Invest
Before we start discussing the most prosperous digital currencies, we want to remind you once again why it’s good to invest in this business. There are four major reasons to do it:
- Simplicity: Cryptocurrencies are easy to handle and you don’t need years of education to figure out the industry basics since all information is available online.
- Not just a trend: According to term paper writers who created several cryptocurrency studies, digital money used to look like a one-hit wonder at first: “However, it soon proved to be a highly profitable business, so you don’t have to worry about the failure of the cryptocurrency market.”
- Improved regulations: The market used to struggle with scams and uncertainties, but now regulations are much more precise and they enable safe investing.
- ROI: The last reason to invest in digital coins is probably the most important. Namely, Bitcoin showed everyone how lucrative cryptocurrency business could become, and there is no reason not to expect similar cases in the near future.
Now that you’ve seen the introduction, it is time to switch to the main part of our post. You want to know about the most promising cryptocurrencies currently available, so here they are:
If you want to play it safe and stick to the well-known cryptocurrency, then Bitcoin is the perfect solution for you. Following the 2017 Bitcoin frenzy, it seemed like this cryptocurrency went under the radar, but that’s definitely not the case here. As a matter of fact, Bitcoin recently breached the all-time high $4 thousand mark on Bitcoin exchanges, a market where you can trade this cryptocurrency for US dollars.
Besides that, Bitcoin is already established as the leading digital currency globally. This means Bitcoin is not going anywhere anytime soon, so you can invest in it without the fear of losing your personal savings.
Ethereum is also a popular choice among cryptocurrency investors. It’s basically an improved version of Bitcoin that enables users to trade and complete transactions within seconds (in case you don’t know, Bitcoin transactions usually take several minutes).
Many serious stakeholders instantly backed Ethereum, including the likes of Samsung, Toyota, and Deloitte. In such circumstances, Ethereum quickly became the second most wanted investment solution. The cryptocurrency is projected to grow even further, so we recommend you give it a try.
Litecoin attracts investors because it requires less computational power than Bitcoin and reduces transaction fees to the bare minimum. The whole idea behind this cryptocurrency is to develop a lighter version of the most popular digital coin, which is exactly why Litecoin keeps growing steadily over years.
It experienced a strong start in 2013 reaching $1 billion of market capitalization value, slowed down in the next few years, and returned to the historical maximum once again this year. Litecoin is now one of the most prominent cryptocurrencies and you definitely won’t lose money investing in this project.
XRP is not the novelty in the cryptocurrency universe (launched in 2012), but now it’s definitely trying to get the foot in the door with its consensus ledger that demands no mining efforts at all. What makes XRP so special is the fact that it allows faster and simpler cross-border transactions, which is mostly why traditional banks are interested in this technology. This cryptocurrency shows the biggest potential to balance between real-world financial institutions and digital processes, so we expect it to grow significantly in the years to come.
NEO is the youngest cryptocurrency on our list and the only one with Chinese origins. This digital currency is highly practical because it supports numerous programming languages, while it also gets a fair share of support from the Chinese authorities.
This is why the coin experienced a huge increase over the course of the last 18 months, reaching a $187 market value in 2018. With the capacity of 10 thousand transactions per second and unprecedented stability, we expect NEO to become even more influential in the world of cryptocurrency investments.
Cryptocurrencies are a popular business trend because they allow investors to earn a lot within a short period of time. However, it’s not easy to figure out the cryptocurrency market and find the next big thing.
Thousands of digital coins have emerged in the last couple of years, so you have to think about each solution very carefully. In this post, we presented you five cryptocurrencies that are most likely to skyrocket in the future. Keep an eye on these coins and don’t hesitate to make your move if you notice a good opportunity – it might as well make you rich someday!