Cryptocurrency has become an innovation that was once thought to be impossible.
This digital payment method is free from the rule of any governing body and has its own independent value and identity. Thus, it could be thought of as a universal currency that can be used to instantly conduct international transactions without the need for currency conversion.
It also provides consumers with an increased amount of anonymity, which is something that more people are beginning to appreciate as concerns about privacy rise.
Using cryptocurrency is straightforward, but what investing in it is a little trickier.
Not sure where to start? Don’t worry, we’ve got you covered. We’ll explore the best cryptocurrency to invest in.
Let’s take a look at what to keep an eye out for.
This cryptocurrency has experienced explosive growth since it came into the market in 2015. This is mainly due to its lightning-fast transaction speed and the fact that it’s a viable alternative to Bitcoin.
But, it’s not only independent investors who have seen the value in Ethereum. A large handful of Fortune 500 companies see potential in the cryptocurrency and have a long-term plan of incorporating it into their companies.
Some of these include heavy-hitting names like JPMorgan, Intel, and software colossus Microsoft. They have so much confidence, in fact, that they formed a partnership called the Enterprise Ethereum Alliance (EEA).
Cryptocurrency is often seen as an enemy of the banking industry due to its focus on independence and decentralization. But, some banks are already beginning to incorporate it.
Thus, the future looks bright for both Ethereum and its investors.
A cryptocurrency whose name is a combination of “digital” and “cash,” Dash incorporates the two values commonly sought after by cryptocurrency users: privacy and transaction speed.
As a result, many people have caught wind of Dash’s potential value as an investment. Some analysts even expect it to eventually surpass crypto giant Bitcoin in value, which is something most currencies couldn’t even hope for.
Due to its speed (which in many cases is instant), Dash has the potential to ascend to the same tier as credit cards when it comes to payment methods. Slower cryptocurrencies are not viable options for point of sale purchases due to the amount of time it takes to process the transaction.
Thus, it’s not unlikely that we could one day see a mass integration of Dash across the majority of consumer businesses. When something is that widespread in use, it’s hard for it to not be a successful investment decision.
Here we are. The heavyweight of the cryptocurrency realm.
Bitcoin has become so representative of cryptocurrency that some people use the names interchangeably. This kind of power behind the brand name alone is enough to convince many people to invest in it.
But, for those looking a little deeper, Bitcoin seems like an interesting choice at first. Since it’s essentially the face of the cryptocurrency movement, Bitcoin is in the spotlight, waiting to be dissected and splayed out for the world to see.
And, it has. Bitcoin is notorious for having substantial transaction times, which is something a world full of people who are used to using Google for instant results can’t have in their lives.
Aside from transaction times, people may find issues with fees, the small block size, etc.
But, Bitcoin is the current market leader and thus will attract the most cryptocurrency investment for the foreseeable future. When looking to diversify your investment portfolio (and you should be), Bitcoin is a solid choice.
Yes, we know the name may be confusing to some.
You can think of Bitcoin Cash as Bitcoin’s little brother. It’s not quite as big as Bitcoin. It also has minor differences but is more or less the same.
One difference is (ironically for a “little brother” ) a bigger block size, which is something that many people complain about when it comes to traditional Bitcoin.
Other than that, it functions more or less the same.
But, the major benefit stems from two sources: the Bitcoin name and the fact that it exists as its own cryptocurrency independent from Bitcoin.
People invest in Bitcoin despite its flaws due to the weight behind its name. When more and more investors research the higher block size of Bitcoin Cash, its value will increase as more money is pumped into it.
Therefore, it’s a worthy addition in your investment portfolio for 2019.
When it comes to privacy, Zcash is virtually a ghost when making transactions. While cryptocurrency was founded on privacy as one of its major tenants, Zcash takes things to the extreme.
It offers users the capability to conceal the transaction amount, the sender, and the receiver, allowing you to transfer money in complete anonymity.
With the widespread use of social media, location services, and the Internet, privacy is something that can be difficult to find these days. Thus, there are plenty of people out there who will appreciate Zcash’s ability to conceal payments.
Its price is currently far lower than Bitcoin and can be a promising investment decision over the next year due to its potential to skyrocket in value.
Finding The Best Cryptocurrency to Invest in Can Seem Difficult
But it doesn’t have to be.
With the above information in mind, you’ll be well on your way to getting the most out of your cryptocurrency investment in 2019.
Want to learn more crucial facts about cryptocurrency, and the best cryptocurrency to invest in, that you need to keep in mind? Check out the rest of our blog!