by TradingStrategyGuides | April 1, 2020| All Strategies, Cryptocurrency Strategies | 2 comments
Do you want to know what are the best cryptocurrencies to invest in in 2019? Knowing which blockchain technology to invest in is challenging. Where do you start when hundreds of cryptocurrencies are invested? It can be overwhelming and confusing when you start looking for the best cryptocurrencies to buy right now, but we can make it easier. Luckily, we took a few factors into consideration before picking the best cryptocurrencies to invest in. First, it is important to develop a successful trading strategy before investing in cryptocurrencies. So, are you looking for the next big thing and a new cryptocurrency investment? “Should I invest in Bitcoin?” or “should I invest in Ripple?” Here is our list of the most promising and best cryptocurrencies to invest in in 2019.
Best cryptocurrencies to invest in 2020
Just as 2020 has been the best cryptocurrency to invest in, this year is also full of great opportunities. That means you still have a chance to get rich, but you need to know where to put your money. According to Coinmarketcap statistics at the time of writing this article, there are 2120 different cryptocurrencies. The market cap of all cryptocurrencies is over $111 billion after reaching $818 million in January 2020.
There are many altcoins in the cryptocurrency market, and besides Bitcoin, there are other best cryptocurrencies to invest in. Many people believe that blockchain technology is the next big thing. It is difficult to predict the future, but the fact that we have a secure and decentralized technology gives reason to be positive. Going forward, we will share what are the best cryptocurrencies to buy right now. Our selection of digital coins is likely to significantly outperform the market in 2019. Let’s begin!
Best cryptocurrency to invest in
It is very likely that we will reach a bull market in 2019 for a variety of reasons that we will mention throughout this guide. In case of a bull market, we will see significant increases in the price of almost all major cryptocurrencies. However, there are several cryptocurrencies that we believe can make a strong case for. It is one of the safest investments in case the price drops further. So if we don’t see a bull market, we won’t lose money. Trading or weekly trading cryptocurrencies requires risk. To reduce the risk of crypto trading, you need to diversify your holdings and invest in different types of currencies. This way, even if one currency underperforms, your investment remains protected. Most cryptocurrencies are strongly linked to Bitcoin, so Bitcoin should make up a significant portion of your portfolio. After all, these coins account for 40% of the total market share. In some ways, Bitcoin is similar to bonds in that it is the basis for a portfolio with risky investments such as stocks. By studying historical price charts, it is easy to see if the currency has a strong correlation with Bitcoin. We also recommend that you pay attention to developing a crypto news story. By carefully balancing risk and reward, you can capitalize on the natural growth of the crypto industry.
Best Cryptocurrency to Invest in 2020: Bitcoin (BTC)
Bitcoin is a very solid choice for a top cryptocurrency investment. Already, Bitcoin has had some amazing numbers in 2019. Between January 1 and May 1 this year, the coin increased in value from $3,862 per coin to $5,412 per coin. If you invested in Bitcoin on January 1, your monthly return is almost 10%. BTC is by far the largest cryptocurrency and the oldest coin accounting for more than 40% of the total cryptocurrency market cap. Bitcoin is the current market leader! You can find Bitcoin on every single cryptocurrency exchange! Bitcoin makes mainstream news every day and is recognized by almost everyone. With the steady rise of Bitcoin, the price has remained stable. This suggests to traders that the increase in value was real and likely to continue. Over the past few years, Bitcoin has greatly increased its utility. Many e-commerce stores, retail stores, and even restaurants around the world now use Bitcoin as a form of currency. Bitcoin is in an absolutely unique position, which we cannot say about other cryptocurrencies, and continues to be seen as representing the image of the cryptocurrency and the entire cryptocurrency market. Bitcoin is also considered a store of value by many in the crypto world. Whether you agree or not, that’s how some people view BTC. It is highly unlikely that Bitcoin will lose state too quickly. This is why BTC is one of the safest and best cryptocurrencies to buy right now. An industry leader, Bitcoin is often a “gateway coin” that helps crypto firms expand their reach. In other words, if Bitcoin is doing well, the entire cryptocurrency industry is doing well (and vice versa). Find more bitcoin resources. Considering everything about the 2019 cryptocurrency predictions, we can assume that Bitcoin price will continue to rise.
Best Investment Cryptocurrency of 2020: Ripple (XRP)
Ripple is still a low-risk investment. When the bull market starts in 2019, there is room for small profits. However, if you want something to maximize your returns, we think the Ripple cryptocurrency is the best cryptocurrency for your investment. Ripple has established itself as one of the most stable cryptocurrencies in the industry. Non-Bitcoin Ripple is enjoying one of the most predictable price movements. Additionally, Ripple is one of the most liquid cryptocurrencies as it has a daily trading volume of over $800 million. The company behind Ripple is building a large international network with hundreds of members. These are banks, payment processors and liquidity providers. Ripple has developed technology that could revolutionize the way payments are made. The Ripple blockchain remains the closest and to some extent achievable. Ripple has been around for 45 years and could be an alternative to the current SWIFT system for international money transfers used by all major banks in the world. Ripple is working hard to get more companies to use the technology to cause the price of XRP to rise significantly. With growth of around 36,000%, Ripple was the best cryptocurrency to invest in in 2017. It went from just a few cents in early 2017 to $2.4 by the end of 2017. See chart below.
As we are in a bear market like all other cryptocurrencies, Ripple’s price has declined over the previous year and is trading around $0.30 at the time of writing this article.
Ripple is currently the second largest cryptocurrency after Bitcoin with a total market cap of about $12.4 billion.
It might be a good time to buy Ripple, which is down nearly 70% from its all-time high of $3.4 in January 2018. As of 2019, Ripple’s market cap has exceeded $12 billion. Buying single individual coins is surprisingly cheap. During 2019, Ripple mostly fluctuated between $0.28 and $0.38 per coin. As the company behind Ripple continues to forge valuable connections in the business world, Ripple may break out of its current price channel.
Let’s see what our third choice is for buying the best cryptocurrency right now.
Best Cryptocurrency to Invest in 2020: Basic Attention Token (BAT)
Fundamental Attention Token is a cryptocurrency token designed to provide a new way of sponsorship on the internet. The internet is largely based on paid advertising. When you open a website, there are always lots of ads. Unlike Bitcoin and Ripple, BAT is still a coin that is being sought “outside”. The coin has experienced above-average volatility but has generated impressive returns.
This reliance on ad-driven revenue growth and content monetization makes BAT a good candidate for the best cryptocurrency of 2019. So far, the coin’s value has already more than tripled. Between January 1 and April 20, the coin increased in value from $0.13 to $0.44 per coin. Since then, the coin has experienced a bit of a pullback, dropping to around $0.37, but it’s still impressive.
The BAT team envisions a sponsored world determined to support our favorite creators. To this end, we created the BAT coin and integrated it into the BRAVE browser.
About 1.3 billion BAT coins are currently in circulation. It has a 24 hour trading volume of $186 million and a current market cap of $464 million. While this number is much smaller than Bitcoin and Ripple, BAT is a growing coin. It may be one of the best coins for tolerance investors in 2019.
Now let’s make our final pick for 2019.
Best investing cryptocurrency of 2020: Ethereum (ETH)
In the strongest cryptocurrency bull market, Ethereum price surged slightly close to $1600 on January 13, 2018. At the time, Ethereum’s market cap was around $130 billion. ETH is up almost 3000%, making it one of the best cryptocurrencies to invest in in 2017. By 2019, Ethereum had gradually begun to reverse its losses from late last year. The coin is garnering interest from crypto developers and has been able to retain most of its positive gains.
It’s up to you to decide whether buying Ethereum is a good thing or not.
ETH is not just a cryptocurrency, it is a more advanced blockchain technology than Bitcoin. This technology will allow other blockchain projects to be launched on the Ethereum platform. Ethereum traded at $140 per coin at the beginning of the year, but is currently priced at nearly $200 ($196.48 as of May 11th). Ethereum charts generally move in tandem with Bitcoin, falling around the end of 2018 and making positive gains so far this year.
At around $200 USD, Ethereum is an excellent “middle” coin that is much cheaper than Bitcoin but much more expensive than BAT and Ripple. Purchasing coins at multiple price points can make your portfolio more diverse and dynamic. Ethereum is also a great alternative for hedging the risk of buying new coins.
Conclusion – Best Cryptocurrency Invest
Not mentioning your favorite coins in our Best Cryptocurrencies for Investing in 2019 doesn’t mean the coins will increase in value. That just means that it is currently not listed as the best cryptocurrency to buy.
As we said earlier, diversification can improve your crypto trading strategy. By investing in a larger number of coins, you can protect yourself from unexpected events.
The 4 coins featured in this article are your best bets, but we recommend that you take a look at these as well.
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- dash
- Monero (XMR)
- Peer Coin
- EOS
- Binance Coin (BNB)
- Tron (TRX)
- S Tela (XLM)
- Tezos (XTZ)
Many of these coins have high market caps. This ensures long-term stability and makes trading coins a bit more predictable. To further reap the benefits of diversification, we recommend investing in crypto index funds.
Predictions are not 100% accurate, so always be prepared for fluctuations.
Which of the cryptocurrencies listed above is your favorite? Let us know if you have another great candidate for the best cryptocurrency of 2019.
There is always some degree of risk when trading cryptocurrencies. However, these currencies are becoming more secure and are being accepted in more places. The crypto industry is clearly moving in a positive direction. Be sure to check out our article on Best Crypto Trading Signals.
Thanks for reading!
