The Best Cryptocurrency To Invest In For 2019
There have been some major changes to cryptocurrency in the last few years, from the crypto boom of 2017 to the volatile year of 2018. This year has also been an interesting one for cryptocurrency so far, with 2019 proving that cryptocurrency prices are on the rise again. Continued global adoption of cryptocurrency is also on the rise with many companies investing in cryptocurrency blockchain technology.
With all this change on the market, it can be hard to know which is the right cryptocurrency for investment for 2019. So let’s examine now the 3 cryptocurrencies that could be worth investing in this year.
Ripple’s XRP coin remains a popular cryptocurrency choice. In terms of Market Capitalisation, it remains the 3rd most popular crypto worldwide and has potential to get even bigger in the upcoming years. The exciting thing about Ripple is their blockchain technology based products, such as RippleNet and xRapid, both of which are being used by important banking authorities.
For example, RippleNet is a banking payment service, which allows banks to instantly send payments to other bank internationally and with near zero transaction fees. xRapid is considered to be more a settlement setup, where XRP coins can be used to settle payments either overseas or in the country of origin. These Ripple products are of great interest to financial companies who are looking to deal with transactions in a faster and more secure way. BankDhofar in Oman is the latest bank to use RippleNet technology so that cross-border payments can be sent to India.
But what does all of this mean for potential investors and the XRP coin? Well, with all the interest and investment from global companies in Ripple, further investment is likely to flow into the company in 2019, which will likely boost the value of the XRP coin. The fact that the XRP coin also has fairly affordable buying price, could be a great opportunity for investors looking to buy without paying too much.
Etherum’s Ether coins remain the 2nd most popular cryptocurrency worldwide, and has become popular pretty quickly since its launch in 2015.
The leading feature of Ethereum is its development of smart contracts through its blockchain technology, which like Ripple has also attracted a great deal of interest from businesses. To assist this development Ethereum founded in 2017 the EEA- (the Enterprise Ethereum Alliance).
Over 150 major businesses such as MasterCard and Microsoft are part of the EEA. The EEA members are able to customise and test their own versions of Ethereum’s smart contracts which could be used for managing supply chain tracking for example. The fact that Ethereum is well-known for offering personalised smart contracts as well cryptocurrency, is what makes it stand out from Bitcoin and other rival cryptocurrencies.
The future of Ethereum and the Ether coin price is looking encouraging, mainly because the EEA and blockchain developments are sure to attract further investment from more firms. This boost could lead to the value of Ether increasing. Further predicted global adoption of crypto by companies and traders is also likely to generally boost the crypto market. 2019 is the year that Ethereum can continue to establish its standing further globally and is likely to see a general upswing in value, making it a good option for investors.
For these reasons it is important to know how to invest in Ethereum.
Although it may not be as valuable as Bitcoin, and is still seen as lighter copy of Bitcoin by many, Litecoin could be worth investing in this year. Litecoin was launched in 2011 by Charlie Lee who wanted to create a ‘lighter’ and faster form of Bitcoin for traders.
It is currently the 4th most popular cryptocurrency by market capitalisation. Although it may not be known for smart contracts or blockchain development like Ripple or Ethereum, Litecoin has its own benefits that make it stand out in the crypto market. Whilst it may be similar to how Bitcoin functions, there are also differences, such as transaction speed. Litecoin is much faster in completing transactions compared to Bitcoin, it only takes 2.5 minutes for Litecoin compared to the 10 minutes it takes Bitcoin.
Another great feature of Litecoin that is good for traders is that it provides a near zero fee for transactions, ideal for traders looking to reduce trade costs. The core reason why Litecoin could be a good investment though, is that when compared to other cryptocurrencies, Litecoin still has a reasonably low market cap. This is interesting for investors as crypto coins with a lower market cap have potentially high chances of price growth. Could 2019 be the year for that?
It will be intriguing to see if the price of Litecoin can continue to increase for the remaining