There are many different cryptocurrencies, known as altcoins, available to you as an investor in 2018. Each of these altcoins has its own strengths and weaknesses, which means that there isn’t one perfect option when it comes to investing in cryptocurrency. So which cryptocurrency should you invest in? It depends on your personal preferences and financial situation—let’s dive in!
However, Bitcoin may not be the best option when it comes to long-term investing. Cryptocurrencies are so new that it is difficult to determine their value and how they will fare in the future. It can be difficult for investors to determine what will happen in six months or a year from now, and this can make crypto investing risky.
A cryptocurrency’s longevity should be considered before deciding on a coin to invest in. The more time has passed since its launch and the more coins are mined, the better an idea investors will have about its value.
In a nutshell, Ethereum is a platform that lets developers build decentralized applications (Dapps). Many people are drawn to Ethereum because it’s better than Bitcoin at running smart contracts – programs that run themselves automatically when certain conditions are met. But what makes Ethereum different from Bitcoin in these regards? One major difference is that Ethereum trades on its own blockchain while Bitcoin trades on someone else’s blockchain.
One of the most popular and oldest altcoins, Litecoin was launched in 2011 with the goal of creating a faster and more lightweight peer-to-peer version of Bitcoin. It has a current market cap of $2 billion USD, with a price of around $58 USD per coin. While it’s not as widely accepted as Bitcoin or Ethereum, it does have increased traction in recent years.
The BCH development team’s goal is to keep the original features of Bitcoin, including being a decentralized peer-to-peer currency system with low fees, fast confirmations, and reliable security. They want their token to be used as an everyday form of electronic payment that’s as liquid as the fiat currencies we are all familiar with today.
The Ethereum platform allows developers to build Dapps and other projects on top of it. It’s considered one of the most promising cryptocurrencies due its potential use cases, including voting systems, smart contracts, financial exchanges, intellectual property management (IPM), content rights management (CRM), etc., while still being compatible with existing standards.
Many believe that Ripple will soon surpass Bitcoin in value because it has many advantages over Bitcoin, such as faster transactions and more security. One of the main reasons why Bitcoin may not be seen as a good investment in the future is its transaction speed. It takes an average of 10 minutes to verify a single transaction on the blockchain network, whereas this same process only takes 4 seconds with Ripple. In addition, there are 100 billion XRP coins (Ripple’s token) versus just 21 million BTC coins available today.
There are many different cryptocurrency coins to choose from, and each coin has its own pros and cons. Monero offers a way to transfer money anonymously and securely, with the sender’s identity hidden from view. The total number of coins in circulation is set at 18 million, so the Monero supply will never increase beyond this point. This means that as demand goes up, the price of Monero will go up too.
You may have heard of Bitcoin, the first decentralized cryptocurrency. Many cryptocurrencies have been created since then, but Dash is among the most popular. In fact, it has nearly 3 times as much trade volume as Litecoin and Ethereum combined!
I’m not a fan of investing in all-or-nothing currencies like Bitcoin. I recommend considering an altcoin if you’re going to invest in any. Ethereum, Litecoin and Dash are all fairly reliable and stablecoins that are worthy investments in my opinion.
But if there’s one rule I think applies to any investor: buy low, sell high. In other words, don’t just buy when the price is high; wait until the price goes down before buying more.
The IOTA Coin isn’t just faster than Bitcoin – it’s also more efficient. IOTA uses the Tangle instead of blockchain, so every transaction on this network requires no miners and no fees. In other words, it’s a perfect cryptocurrency for any and all transaction types, including micropayments and data transmissions. It may not be as popular as bitcoin or Ethereum, but the IOTA coin still has great potential to grow in value in the coming years.
1 – Invest in Cardano if you’re interested in using your cryptocurrency as a form of digital currency.
2 – If you’re looking for an investment opportunity with less volatility than Bitcoin, then consider investing in Cardano.
Cardano was created as an open-source project by Input Output Hong Kong (IOHK) and is now maintained by a global community of developers. Input Output Hong Kong is a technology company committed to using peer-to-peer innovations to provide financial services to three billion people that don’t have them. They’re responsible for some of the first Proof of Stake systems, and the first blockchain protocol without any hard forks, or alternatively a system that updates itself through soft forks. The team behind Cardano includes three research fellows from the University of Edinburgh and one from the Tokyo Institute of Technology who’s been involved in cryptocurrency since 2011.
Cardano’s approach to smart contracts has three layers – a language-level contract, a virtual machine-level contract, and an interface-level contract.