Cryptocurrency investment is currently one of the best ways to digitally make money online.
Do you want to know the next cryptocurrency to invest in?
You’re at the right place right now, so keep reading below to see some of the best cryptocurrencies to invest in this year.
Almost everybody is talking about it today, even investors are seriously looking for the best new cryptocurrency to buy right now, or invest in for long/short-term plan.
One of the major reasons it became popular, is because of the recent spike of bitcoin price today, as well as all best altcoins to buy.
If you are still a beginner in the cryptocurrency field, Altcoins are those alternate cryptocurrencies apart from Bitcoin or Ethereum. So individuals started looking for which crypto to buy.
Due to this fact that the price fluctuations of different can create huge income whenever it happens, it made lots of individuals to start trying to figure out what crypto to invest in, and ways to make real income out of it.
Before I proceed, I will like to let you know that cryptocurrency market is highly volatile, thus, the price actions do happens without any pattern, and the whole market itself is unregulated.
This you must have in mind before engaging in any kind of cryptocurrency trading, or investment.
In other words, cryptocurrency is totally different from all other kinds of currencies, including the FIAT bank money.
Fiat currencies are mostly approved, or issued as physical bank notes or coins by the central bank of the countries in which they originate, but crypto coin on the other hand, is not physically in existence.
It is completely digital in nature.
It only works only with an encrypted mechanism known as Blockchain, where transactions are recorded in a single ledger using different level of encryption.
Cryptocurrencies are not owned or controlled by any financial institution, authority, or any central bank. It’s not under any governmental influential control.
Since cryptocurrencies are not regulated or monitored, the HODLers (holders) are completely anonymous; this includes all the transactions made through the blockchain which makes every record of each transfer unidentifiable.
Next cryptocurrency to invest in
Bitcoin as well as Altcoins, are mostly used in the dark web these days, because it’s used as a tool to remain untraceable. Most payment activities including transactions these days, are done using cryptocurrencies like Bitcoin and Ethereum.
This is the fact that increased the value of cryptocurrencies. There are also many applications of these digital currencies; like many popular websites and online merchants who have started accepting them as legitimate form of payment.
However, many investors that wants to make good money out of these cryptocurrencies, always want to know which of the cryptocurrencies are the best for their investment strategies.
If you are interested in doing long or short-term cryptocurrency trading and investment, I’ve got you some cool number of cryptocurrencies you should consider checking out right away for investment.
Below are some of the top cryptocurrency (including best altcoins) to buy and invest in right now:
This is the very first cryptocurrency introduced by Satoshi Nakamoto since 2008. Bitcoin saw a huge spike in price in 2016, where it grew from $1,000 to $20,000+ in value making it a popular currency for most investors.
Bitcoin is currently known to be a very stable digital currency to the extent that many websites and business merchants are now accepting it as a secured mode of payment online.
Ether is proposed and created by a computer programmer, Vitalik Buterin. It was introduced in July 2015 with almost 12 million coins pre-mined before launching.
Early last year (2018), Ethereum saw a massive spike in price which made it to grow over 13,000% in value, hence making a good investment option for most enthusiasts.
According to the CoinMarketCap, Ethereum is the most capped crypto coin in the cryptocurrency market. This is what made it the best stable cryptocurrency in the market, just after Bitcoin.
Ethereum Classic is an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality.
It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine, which can execute scripts using an international network of public nodes.
Ethereum Classic being released in 2015 to correct the Ethereum blockchain hack, has since then, been growing in value due to the fact that it’s another form of Ether DApp.
Binance cryptocurrency exchange platform has its own crypto coin known as Binance Coin (BNB).
Binance platform has high liquidity, and BNB falls under the top 30 cryptocurrencies in the world market capitalization, as well as one of the superior coins for cryptocurrency trading.
BNB was launched in August 2017 with the launch of its exchange to facilitate trading fee waivers to Binance exchange users.
But Binance is expanding its reach rapidly, and it has already launched its own Chain, as well as Binance DEX where this BNB coin will find more utility.
The Chinese based cryptocurrency, VeChain is considered to be one of the most under-rated crypto-coins in the market. This fact has also made it the most attractive coin for many investors this year.
As an Upcoming cryptocurrency project, VeChain’s basic aim is to develop supply chain solutions for Chinese corporate, which will also help them in preventing counterfeiting.
Since 2011, Google employee, Charlie Lee modeled Litecoin on the Bitcoin framework. The main aim of LTC is to process a block every two and a half minute, thus making it very much faster in processing transactions.
Just between November and December 2017, this cryptocurrency made a great in value, and has also stood out as one of the top cryptocurrencies for altcoin trader investment.
Mid 2018, Ripple saw a huge jump in price and value. This has made this cryptocurrency to be in the news, and also caused a widespread adoption by several companies as legitimate form of payment.
Many startups now use Ripple to accept initial funding instead of the traditional currencies. This fact has made it yet another stable cryptocurrency to buy right now, even though it’s still a new project.
If you’re looking for the cheap cryptocurrency to invest in, Ripple coin is one of the best cryptocurrency to buy right now.
Digital Cash known in the crypto market as Dash is an independent Next Big Altcoin platform that started in 2015 with a market cap of $4.8 billion.
Dash handles up to $100 million worth of transactions per day which made it one of the world’s top crypto coin in the market cryptocurrency list.
ZCash started in 2016, and is headed by the CEO and founder, Zooko Wilcox. Zcash cryptocurrency is one of the promising cryptocurrencies in the market today, due to its recent price spike.
ZCash has over 21 million coins in circulation, and their payments are listed on a public blockchain.
ZCash encourages complete user anonymity by masking transaction details, including names of both the sender and receiver in every transaction.
This has enabled individuals and companies to effectively comply with money laundering and taxation laws, while still transacting with cryptocurrency.
MIOTA is introduced in 2015, with unique blockchain architecture. Transactions made on IOTA are completely free-of-charge not minding the size of the payment ticket.
This feature of free transaction fees has made IOTA to be considered to meet with the aim of becoming the most adopted mode of payment for startups and tech cooperatives.
SteemIt is a blogging platform cryptocurrency, as well as social media platform that has its own cryptocurrency integrated into itself.
Right on the SteemIt platform, users are rewarded with the Steem tokens when they write comments, and blog contents.
This process of mining cryptocurrency by producing online web contents has been known to be one of the smartest ideas in the cryptocurrency world.
The Steem dollars and tokens are only used as form of payment within the platform for now. But as time goes on, Steem token is expected to gain wider traction for payments made on the Internet using blockchain technology.
Monero launched in 2014, is an open-sourced cryptocurrency which uses a combination of stealth addresses and signatures to mask transaction details on the blockchain.
The fact shows that, Monero is a completely anonymous and untraceable cryptocurrency in the world.
Since its inception, XMR has seen over 1300% upward climb in value, making it very interesting for many cryptocurrency investors and altcoin traders.
Best cryptocurrency to invest in
As stated earlier, the volatility of cryptocurrencies are something you need to be aware of, and take with a pinch of salt.
Currently, there exist no concrete models to predict the price trends of cryptocurrencies, so investors should realize that this is an extremely speculative proposition.
Anyhow, ii you are want to know the best cryptocurrency to invest in long term, i would personally suggest you invest in Ethereum and Ethereum Classic, as these projects are still in their earliest stages respectively.
The both strive to solve real life problems using their blockchains.
Most of the best new cryptocurrency to invest in are available on Binance cryptocurrency exchange, which happens to be one of the most popularly known fast growing crypto trading exchange platform.
Binance own cryptocurrency, BNB helps you to slash all the transaction fees on the platform by 50%, as long as you have it in your investment portfolio, during the time of buying Bitcoins, or any Altcoin on the trading platform.
Make sure you don’t always leave your crypto investment in an online platform, as you will not have total control of your investment, and that may result into loss of your crypto-coins in a case of hack, or theft.
I will suggest you get one of the best cryptocurrency wallets like to store most of your cryptocurrency assets, as they are mostly secured with offline HD (Heuristic Deterministic) feature.
Get a Ledger Nano S wallet directly from the official website, and at the manufacturer’s price. Ledger is the most popular crypto-coin hardware manufacturing company in the world of crypto.
If you’re always conscious of loosing the investment saved in your investment wallet portfolio, i’ll suggest you read how to secure your cryptocurrency wallet.
I hope you get to make profit from using this guide, while investing in the cryptocurrency assets. Goodluck.