For decades, the humankind has been looking for investment opportunities. At one time, the most desirable asset was land. Money, businesses, gold, and other things have been, and are right now, extremely valuable. However, as the world shifts to the digital platform, cryptocurrencies are the most necessary resources of our era.
People are continually assessing the market and examining the latest trends and developments within the industry to try and identify the best cryptocurrency to invest. Of course, the risk remains high depending on the option you choose, but the opportunities for profit are considerably higher if you know how to handle yourself.
Understanding the risks of short and long-term investments and preparing for them are critical aspects of successfully venturing into the cryptocurrency trading and mining world. Just like the corporate environment, digital assets exchange requires patience, intelligence, and also some boldness to pounce at the most opportunistic times.
Bitcoin, Ethereum, Dash, Monero, Ripple, Bitcoin Cash, EOS, NEO, ZCash, and Litecoin are, as of right now, the top cryptocurrencies to invest in 2019 and beyond.
How to invest in cryptocurrency
People can acquire cryptocurrencies as quickly as using their credit or debit cards on a centralized exchange. Numerous platforms offer digital tokens in exchange for fiat currency. In most cases, users need to create a free account and then proceed with the transaction.
In life and all of its endeavors, the most recommended approach involves having a strategy to cope with possible obstacles in a better way. The same goes for investments in cryptocurrency: savvy people don’t usually make decisions in a heartbeat without analyzing potential risks and rewards.
The first thing is understanding your goals and what is the path you need to cover to accomplish them. There are two types of investment: short-term and long-term. Each one has its challenges.
Short Investment Strategy
Short-term investment strategies involve acquiring some shares of your chosen cryptocurrency with the intention of taking advantage of growing trends and selling them when their value is high.
The lifespan of a short-term investment can vary from a few seconds to a maximum of six months. Any superior amount of time would represent a long-term investment.
Determining your short-term investment goals:
- Establish how much are you looking to make, which will tell you a) the price in which you are going to sell, and b) the moment in which you are going to sell.
- Determine how much are you willing to lose. Remember, you may be dealing with price drops, and they can be especially hurtful in short-term investments.
- Determine how much time you will be able to invest on a daily basis to study the token’s behavior and watch for price fluctuations.
- Determine whether you can perform a technical crypto market analysis.
- Most importantly, determine why your short-term investment is a better strategy than a long-term one. It is crucial that you find a viable answer to this particular question.
How to decide the best cryptocurrency to invest short-term
Evaluate these variables:
- Look for a low market cap.
- Search one with a high trading volume.
- Find a token that is trending on social media and news hubs.
- Look for recently finished ICOs or ongoing ICOs to find cheap tokens.
Why would people prefer short-term investments?
- They represent an opportunity to make quick money.
- Investments are, generally, smaller and more palatable in the case of a loss.
However, short-term investments can be very stressful and emotional, as they may involve severe price fluctuations that may take away your inner peace. They consume a lot of your time, and they require more effort than usual.
Long Investment Strategy
Long-term investment strategies represent any cryptocurrency trading venture in which the person plans to hold on to their assets for more than six months. Any amount of time that surpasses that mark should stop being considered short-term.
Usually, users take part in long-term investments when they think that a specific token will behave better over an extended period, with continued growth and a few significant drop-offs in value.
Long-term investors need to understand that there will be price drops, and they should be able to hang on to their assets even in moments of panic. Otherwise, they may sell quickly and regret their decision in the future when their selected token goes off in value.
Determining your long-term investment goals:
- The moment in which you will sell your token: Will you sell after reaching a specific price or after a determinate period?
- The sale distribution: It can be done all at once, or you can sell small parts at different moments.
- Exceptions to your rule: You need to set notable exceptions that would make you abandon your long-term investment in favor of selling your assets in the short-term. For example, new regulations, or family emergencies.
How to decide the best cryptocurrency to invest long-term
- Evaluate its technology and platform.
- Evaluate the founders and advisors. Are they unknown or are they experts in the blockchain world?
- Evaluate the quality and plausibility of the roadmap.
- Assess whether they are useful in solving everyday issues or problems.
Why would people prefer long-term investments?
- They are sold on their chosen token’s future and success.
- They are comparably less stressful than short-term investments since they don’t require every-day price and behavior monitoring.
- They think that the crypto in question will behave better in the long-term than in the immediate future.
Best Cryptocurrency to Invest in 2019
Bitcoin is the most prominent digital assets in the market, plain and simple. It has the advantage of the name value: it provides excellent opportunities for profit and is the preferred payment option for numerous services around the web. It is useful, and people are always looking to trade. It is, still, the top cryptocurrency to invest in.
In 2017, Bitcoin experienced marked growth, so it is not out of the question that 2018 brings another surge like last year’s. People should be looking for starting trends and then pounce by making a sizable investment.
However, be aware that the price fluctuates quite a bit: it reached $20,000 in December, only to hover around $6,000 in a matter of two months. Just like investors can make a pile of money, they can lose it, too.
The critical thing is to pay attention to facts and developments within the industry that can affect Bitcoin’s price. The August split into Bitcoin and Bitcoin Cash opened the gates for sizable investments.
After the price fell from $20,000 to $10,000, numerous token holders sold their Bitcoin, which caused the fall to $6,000 levels. That’s when savvy investors recognized the opportunity and trusted Bitcoin’s track record of price fluctuations, acquiring tokens and soon making a profit when the cryptocurrency started to increase its value again.
Bitcoin has another advantage: it continually endures technical improvements that make buying a smart choice. It is clear that the first significant investment opportunity in Bitcoin is now water under the bridge, but there are tons of other chances to make a profit.
There are a couple of cryptocurrencies vying for the top altcoin spot. For reference, altcoins are “alternative coins,” as in those crypto tokens that are not Bitcoin. Ethereum is one of them and is firmly entrenched as one of the top investments opportunities for 2018.
Ethereum represents a fantastic investment chance in 2019 because it is backed by excellent infrastructure and name value (being one of the market leaders for quite some time now,) and yet it holds untapped potential, as seen by the events of last year: in 2017, this token grew by 3000%.
Of course, many people within the industry think that Ethereum has already peaked. They don’t own the truth, and reality indicates that it may not be too late to acquire your share.
As it happens with Bitcoin, events related to the token or its environment may affect its price. A substantial investment caused the price to go from $1 to almost $15 in 2016, but later that same year, a hacking scandal took a hit on the token’s cost.
And Ethereum has another advantage going on: it isn’t just a cryptocurrency: it is one of the preferred platforms in which other crypto ventures are being built. Experts such as Julian Hosp are predicting that its value could rise to $2000 because of all the projects that will use the Ethereum blockchain this year.
Litecoin has been recently competing with Ethereum and Ripple to determine which one is the most prominent altcoin. Litecoin is one of the oldest digital currencies existing in the market, having been created by Charlie Lee in 2011, just two years later than Bitcoin.
It also represents an excellent investment opportunity. It is seven years old, and it is still up and running, so it has proven to be remarkably resilient by having survived the rigors of time and significant trends changes within the industry.
Litecoin may not be the subject of an extraordinary surge, like Bitcoin or Ethereum in recent times. Instead, it has experienced slow, but stable growth: it is the epitome of stability, and that alone attracts investors like bees to the honeypot.
The fact that more online stores and services are starting to accept Litecoin as a payment method bodes well for its short and long-term future. Right now may be the time to invest in Litecoin: its price is more than affordable, and it is projected to increase its value by 50% in the next six months.
In five years, the value increase may be close to 400%. It would be a great idea to acquire Litecoin tokens now and not pay “full price” when its value reaches the current projections.
XRP is one of the household names when it comes to financial activities. However, the name has been recently associated with digital currencies as well, even surpassing Ethereum as the second cryptocurrency by market cap.
Although it no longer holds that spot, XRP remains a safe investment. It fosters banking activity, to the contrary of most crypto ventures. That is why it has endless applications, and each week, the Ripple platform is being used by more financial networks and systems to perform their activities.
Among Ripple platform’s users are financial giants such as Money Gram and Western Union. The network’s client list is growing, and because of that connections and relationships, the XRP value is bound to increase.
Ripple is incentivizing startups and businesses to develop their projects through its platform, and it is expanding its applications to more than just financial services. Ripple is reinforcing its brand and name inside the community, and that represents another advantage. The currency was one of the fastest-growing in 2017, with a 36,000% rate.
Right now is the perfect moment to invest in XRP, as it costs less than half a dollar. However, in five years, it will, most likely, surpass the $2 mark with the potential for much more. A sizable investment is in the cards here.
Bitcoin Cash (BCH)
Bitcoin Cash was originated last year because of a fork from Bitcoin. However, that doesn’t mean that BCH should be dismissed as people look for investment chances in 2019. Quite the opposite.
Bitcoin Cash holds an advantage over Bitcoin and other peers: it is a lighter and faster alternative. Numerous Bitcoin holders have complained that the platform is overloaded and transaction times are prolonged. That is not the case with BCH.
Also, Bitcoin Cash has experienced quite the growth spurt itself. That is a result of many variables and situations, one of them being that BCH is being accepted in various online stores and service providers. The currency has been listed by the majority of the significant crypto exchanges. On top of that, all Bitcoin users were considered Bitcoin Cash holders from the first day.
As more companies and businesses accept BCH in 2019, future growth is assured, opening up a present opportunity for investment. As a bonus, Bitcoin Cash has enormous community support, with thousands and even millions of active users and with influencers’ backing.
The digital token has already demonstrated its star power, even surpassing the $4,000 mark at one point. Its value is now significantly lower, which means this may be your shot.
Outside of the five most widely known cryptocurrencies, there are other projects worth your time and your money. One of them is EOS, which is a decentralized system that implements the blockchain technology to remove transaction fees.
The fact that EOS can take away the transaction fees makes it a desirable option for investors all over the world. Additionally, it offers a platform for decentralized applications (dApps.)
Right now, EOS tokens are hovering around $5. However, historical trends have shown significant peaks and valleys, and the former are noteworthy: the token was once valued at more than $21.
Eager investors are looking to pounce right now and acquire numerous tokens before the price goes up again. The current predictions have EOS reaching $9.5 in the next semester and experiencing a +300% growth in the coming five years.
ZCash is an excellent coin for investors in 2019. It is a very enticing alternative to Bitcoin, and there is an argument to be made that it is better in some aspects. For example, whereas the latter’s platform keeps a record of the entities involved in a transaction as well as the amount, the former only stores that a deal has been performed. The identities of the parties involved are kept anonymous.
The added security and anonymity are creating a proper environment for thousands of new users every day, making ZCash cementing its place as one of the top 10 best cryptocurrencies to invest in 2019.
One month ago, ZCash was worth $159, but right now, it has plummeted to $133.76. Taking into account that it has a projected growth of nearly 50% in the next six months, and the number goes to 940% for the next five years, your investment window may be now or never.
Dash is a very appropriate name. It indicates a concept usually associated with “rush” or “speed,” which is convenient because it provides a much faster transaction time than other alternatives in the crypto market. However, it is a contraction of its actual name: Digital Cash.
Dash is a peer to peer decentralized digital cash trading platform. It is, as a consequence, different from ESO, Ethereum, and other similar projects.
Despite most projections having Dash at $341 in the next six months and $1,347 in the coming five years, its value fell from $218 last month to the $140 that it is now worth. However, that should be seen as a golden opportunity rather than as a disappointing development.
The fact remains that Dash has the community, platform, and concept to experience sustained growth in the mentioned timeframes, and the current price may not stay this enticing for long.
Monero may not be a household name like Bitcoin, but it has quite the fan base for an altcoin. The platform is well respected in the crypto community and represents a good investment opportunity in 2019 and beyond.
It has the advantage of privacy. With the number of identity thefts, data breaches, hacking scandals, and other related events, privacy has surged as a prime need for Internet users, especially those performing financial operations.
With that in mind, Monero provides endless solutions to the lack of privacy issues. It is also similar to ZCash in numerous aspects and is sure to keep its growth in the medium and long-term.
After being valued at $125 last month, Monero is now worth $90.83. However, keep in mind that the platform is still growing, and as more users understand the value of online and data privacy, they will begin migrating to Monero in bunches.
The projections have Monero approaching $180 in the coming six-month period. The expected growth rate for the next five years is 386.25%, a number that would take Monero’s value to more than $600. Patience is recommended, but the prospect for dividends is evident.
NEO is best known as one of the fastest-growing projects in recent memory. It started with an ICO price of $0.03, and at one point, it surpassed $53. That alone represents a more than 160,000% Return on Investment (ROI) and makes NEO an excellent option for people looking to choose a cryptocurrency to invest in.
However, that is not its current value. Right now, NEO can be acquired on the cheap, precisely at $17.20, creating cryptocurrency investment opportunities for eager users. The platform is also known for its associations with the Chinese government.
It has two significant advantages: one, it is entering a huge market, and two, it has the backing of Ethereum smart contracts. Levels of trust among the community are very high.
The cryptocurrency world is a fascinating experience. It provides an opportunity to mine, but also, to trade. And trading is both exciting and wise, although you need to perform your operations thoughtfully and responsibly.
It is straightforward to buy cryptocurrencies. There are several platforms (like the one you are currently reading!) that offer users the chance to acquire tokens. However, before you do anything, you need to come up with a strategy.
Do you want your earnings in the short-term or are you willing to wait a few months – or even years – to reap the benefits of your investment? Both strategies have their advantages and disadvantages.
If you believe in a project and consider that it has all the tools for success, the long-term investment approach comes recommended. Meanwhile, for new ventures and projects, or if you want to make quick money, then you should opt for a short-term one.
After determining your goals and approach, you need to choose the best cryptocurrency for investments in 2019. The ten options listed here have risks, but the possible rewards outweigh them.
We’ll keep you updated about the latest news, tips, and guides.