5 Best Crypto Currencies to Invest in 2019
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Many of today’s digital cryptocurrency currencies are attractive opportunities for investment.
So, if you are looking for the best big cryptocurrency, or which altcoin to buy read on.
You may also wish to Download the FREE Crypto Investor Kit 2019
In this article, I will share with you the 5 best cryptocurrencies to invest this 2019.
To be honest with you, there is no best cryptocurrency to buy; investing in cryptocurrency is risky, but investing is even riskier.
Many cryptocurrencies have various use cases and promise to disrupt various industries.
This is a great way to protect your risk and increase your chances of getting involved in the next cryptocurrency that performs better.
It’s always a good idea to diversify your portfolio.
The hottest cryptocurrency list to invest for beginners includes coins that follow certain traits;
- Landing in various categories of coins that exist
- Are some coins less stable in each category
- It is relatively easy to store and trade
- Which makes it a coin combination that is right for beginners
Going forward, I shall explain each coin, and in the end, you shall have a strong understanding, so you decide which cryptocurrency is best for your investment.
1. Bitcoin (BTC)
Bitcoin or as we know as BTC is the best widely used cryptocurrency to date.
This is often referred to as the king of cryptocurrency, and its main purpose is to act as global, peer-to-peer digital money.
To cap it all, Bitcoin is still the best cryptocurrency to invest in today, if not the best, I would not recommend anyone investing in cryptocurrency without first investing in Bitcoin.
Many businesses worldwide are now already accepting BTC as a form of payment and this number is increasing exponentially.
Bitcoins are not printed, like traditional counterparts dollars or euros – they are “mined” by users who put their computers to work verifying transactions in the peer-to-peer network forming the blockchain.
These users are rewarded with new bitcoins proportional to the amount of computing power they donate to the network.
Bitcoin is unique in that only 21 million bitcoins will ever be mined which is one of the reasons for its popularity among investors worldwide.
At the present moment, the price of 1 BTC = $10,505.80
2. Litecoin (LTC)
This is the next on my list.
Litecoin (LTC) is one of the first cryptocurrency to come after Bitcoin and of the hottest cryptocurrency of the decade.
LTC is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license.
Creation and transfer of coins are based on an open-source cryptographic protocol and is not managed by any certain authority.
Using the Bitcoin source code, this is a Bitcoin fork with some technical changes to the code, making it one of the fastest cryptocurrencies in the crypto market.
Its mission is to become a global currency, currency-to-currency.
Despite having a rival, Litecoin is still one of the most trusted and used cryptocurrency projects in 2019.
Litecoin was originally inspired by and in technical details is nearly identical to, Bitcoin (BTC).
3. Ethereum (ETH)
Ethereum (ETH) is the first major project to introduce smart contracts, which allows developers to launch decentralized cellular and desktop applications (dApps) on the blockchain.
It’s an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality.
Ethereum provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.
Ethereum also provides a cryptocurrency token called “ether”, which can be transferred between account.
1,000 tokens work on the Ethereum network, and this token drives the initial coin-giving movement (ICO – Initial Coin Offering).
Ethereum is the leader of today’s smart contract platform and is still of the hottest cryptocurrency purchased in 2019 for the innovations to bring to the world and potential applications throughout the world.
You shall find below the comparison between Bitcoin and Ethereum with respect to its mining applications, blockchain, the volume of its trading market cap, etc.
Note: While Bitcoin and Ethereum are the two most popular cryptos by market cap at the moment, other currencies like Litecoin and Ripple are showing promising signs and could be interesting to include in your portfolio if you truly believe in their growth.
4. Binance Coin (BNB)
Unlike Bitcoin and Litecoin which are intended to be used as currencies, Binance coins are utility tokens.
Which means the value comes from how useful (and how much demand for its utilities) is in the Binance ecosystem.
Binance is the fastest growing exchanges in the world, and because Binance coin is used to pay for transactions on the exchange – it makes BNB one of the fastest-growing cryptocurrencies in 2019 in terms of the trading volume.
If you want to diversify your cryptocurrency portfolio by adding utility tokens issued by companies with solid business history and experience teams, think of the Binance coin.
This is for me is one of the best cryptocurrency to buy to consolidate your portfolio if you already have major coins such as BTC and ETH.
5. Basic Attention Token (BAT)
Basic Attention Token is the most used another utility token in Brave Browser.
BAT tokens are used to tip content creators or anyone whom you think is very helpful on the internet.
You can tip the creator every month, or choose to send one-time payments to certain people.
In addition, users who watch advertisement can get prizes at BAT.
Using smart contracts, advertisers can lock BAT, and when their ad is viewed, their funds are released into the Brave Browser and the final viewer.
BAT has become a hot cryptocurrency in 2018 and 2019.
This has outperformed most other cryptocurrencies during this time period, and the potential of the internet browser industry is very large.
Overall, I consider these 5 coins to be a safe investment, with a solid team behind them, who should serve the beginners well.
Which makes it the best cryptocurrency to invest in 2019, whether you are a beginner who wants to start investing or if you want to diversify your existing portfolio with some of the top cryptocurrency and look at it as a long-term investment plan.
You can definitely explore with new crypto investments which are trending well in the crypto market index.
However, I encourage you to do due diligence and do your research when it comes to investing in new and less popular cryptos.
This is a highly speculative field so it is much safer to stick to cryptos with a proven track record.
Let me know your thoughts or suggestions in the comments below.
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