There are over 1700 cryptocurrencies has been created at the time of writing. But, most of the cruptocurrencies will collapse in near future.
But, there are still some cryptocurrency which are the future of digital currency.
Bitcoin is the largest blockchain network followed by Ethereum, Ripple, Bitcoin Cash, Litecoin and EOS.
In 2019, investing in Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, Zcash, IOTA and EOS Coin will be profitable in future.
The exchange rate of Bitcoin never fails to surprise us like anything. In fact, the price of Bitcoin itself becomes news headlines every other day.
On 8th December 2017, BTC surpassed the exchange rate of 18,000 US Dollars. Let us take a glance at the history of Bitcoin. It took around 1800 days for Bitcoin to reach $1000 from 0, while it took a total of 600 seconds to reach 18000 US Dollars from 17000 US Dollars.
These figures are proving the point that Bitcoins work on the philosophy of “Big Risk Big Gain.” While direct investment in Bitcoin is profitable, many people may not like to invest in Bitcoins considering the affordability or the risk associated with it.
The current price of Bitcoin is around $7,600 and it will increased up to $14,000 at the end of 2019. By t 2023 Bitcoin increase up to around $50,000.
Mining of Bitcoin is not profitable anymore, however investing will be highly profitable in near future.
IOTA has witnessed a growth of nearly 1000% in a single month. The currency was valued at a mere rate of 0.3735 cents on November 4th, and it jumped to a peak price of 5.01 US Dollars on December 22nd, 2017.
Even though the growth of cryptocurrencies is non-predictable, it cannot be denied that IOTA had shown symptoms of this growth early this month. Bitfinex and Binance are two popular platforms for purchasing IOTA.
In case, you are unable to purchase IOTA directly from your country; you can buy Ethereum or Bitcoin and then convert them into IOTA.
Litecoin has always maintained its growth. While it jumped to 38% in very few hours, the total growth in last year was 3000%. Litecoin’s current market cap is $4,460,960,516 USD.
In 2018, the price of Litecoin is dropped massively, however its price will grow up soon.
Litecoin can be purchased (or traded) by almost all those methods that support Bitcoin trade. The current rate of Litecoin is around $77. The storage systems are also readily available for Litecoins like Bitcoin.
Ethereum is an open source cryptocurrency that has managed to reach 1389 US Dollars from 10 US Dollars within a year. The current market cap of Ethereum is $42,320,329,306 USD, and there are about 101 Million Ethereum coins(ETC), circulating in the market.
After Bitcoin, Ethereum(ETH) is the third most expensive coin on the market. The Ethereum project released the Ethereum cryptocurrency(ETH) on July 30th, 2015, and it has been profitable to the investors most of the time.
Ripple is one of the best cryptocurrencies to invest in right now. The coin (XRP) is inexpensive, yet it turns out to be a profitable investment.
As of 5th January 2018, the value of XRP went up to 3.32 US Dollars.
Even though XRP is valued at half of a US Dollar, the total market cap is no less, more than, $17,267,388,816 USD.
Ripple, governed by RippleNet aims to be a global enterprise blockchain solution. XRPs can be purchased on the platforms like Bitstamp, Korbit, Bitso, Coinone, Coincheck, etc.
Ripple is the best choice for anyone who is looking for an inexpensive investment in cryptocurrency.
ZCash, priced at around $186 is a form of payment that guarantees more security and privacy. Also an open source cryptocurrency, it is decentralized and has a better blockchain technology.
While the currency is yet not widespread, the market cap of ZCash is around $837,593,445 USD.
One of the main reasons people are not considering ZCash a possible investment in its history. The price of one ZEC was more than 4000 US Dollars in October 2016 which fell to 36 Dollars on December 21, 2016.
However, ZCash is not so much unstable in the recent few months as compared to other crytocurrency.
EOS coin is most talked cryptocurrency in 2018. The current price of EOS coin is $7 with $6,516,628,977 USD market cap.
The price of EOS coin is expected to increased up to $20 in 2019 and up to $73 by 2023. So, its right time to invest in EOS coin.
Bitcoin Cash is second expensive cryptocurrency available right now.
The price of Bitcoin Cash was increased up to $4,091 on 21th December in 2017.
The current price of BCH is 726 USD with $12,549,184,010 USD market cap.
BCH is one of the most stable cryptocurrency, its price will increase up to $842 in 2019 and $1300 in 2023.
While most of the times investment in cryptocurrencies are profitable, yet it requires an excellent study of their previous graphs to ensure a substantial gain. Most of the currencies show up with a massive growth in their valuation, while some of them brutally fall.
Bitcoin, though expensive, is currently the most trusted form of cryptocurrency. It always has had a history of overall growth throughout its journey. Hence, Bitcoin is the most apparent cryptocurrency that should be considered for making a significant investment.
Meanwhile, Litecoin and Ethereum are also two cryptocurrencies that are performing right and becoming more stable in the market.
While BTC was recently valued at 18000 US Dollars, it can not be said that investment in cryptocurrencies takes a significant sum of money.
There are coins like Ripple out there in the market, which can be purchased at as low as 0.25 US Dollars. In a nutshell, an excellent way to ensure profitability is investments are multiple cryptocurrencies. Some of the investments can be long-term, while some of them can be traded for immediate gain.