Cryptocurrencies have reached record amounts over the past year, as well as a very turbulent period more recently.
It is now a more mature market and includes many private and institutional investors.
When wanting to invest, it may be more appropriate to approach this market with a long-term perspective.
Considering that there are more than 7000 different cryptocurrencies, you’ll understand the importance of understanding the market as thoroughly as possible.
And if you wish to invest in cryptocurrencies, taking into account the inherent volatility of the market, it is also necessary to do research.
To help you, we have compiled a small guide that includes the 5 most promising cryptocurrencies for the times to come, in our opinion.
Bitcoin
It is difficult to talk about cryptocurrencies without thinking of Bitcoin (BTC). It is considered by many as the standard, and rightly so.
Bitcoin was created in 2009 and has changed the financial industry.
You have most likely heard about its incredible price gains, whether in 2013, the period from 2015 to 2017, or last year.
Its highest price (for now) is 62,000 US dollars.
Taking into account its initial price of 0.001 dollar, the gain is hard to believe.
However, its price dropped shortly after its peak, partly due to numerous restrictions established by countries such as China, and some are worried about its future.
Our opinion, and that of many financial institutions, is that Bitcoin still has a bright future ahead and could very well exceed 100,000 dollars within a year.
If you are interested in buying Bitcoin, you can trade here.
Cardano
Cardano (ADA) aims to be an ethical cryptocurrency that would enable “solution creators, innovators, and visionaries to bring positive change to the world.”
All of its holders decide the future of this currency by having the right to vote on every decision made at each of its changes.
Cardano was created in 2017 by a man named Charles Hoskinson, who has been involved in the industry since 2011.
Today, it is the fifth most valuable cryptocurrency and has grown by over 1200% in the past year.
Its ever-growing popularity, its stable future, and its low energy consumption mean that analysts estimate its price could multiply by almost a factor of 10 in the coming times.
Ethereum
Right after Bitcoin, Ethereum (ETH) is the second most valuable cryptocurrency, with a market capitalization of nearly 270 billion dollars.
Last year, the value of Ethereum increased by 850%.
It is also a platform for trading many other cryptocurrencies, which continues to evolve since its creation in 2015.
Major announcements will be made regarding its future in August this year, promising more stability, efficiency, and reliability.
For these reasons, we believe that Ethereum is one of the best possible investments in the industry at present.
Litecoin
Litecoin (LTC) is one of the oldest cryptocurrencies on the market, with a market capitalization of over 9 billion dollars.
It has experienced an increase of over 210% in the past year.
Like Bitcoin, from which it is derived (through a modified version of the code in 2011), it is open source and decentralized.
It is also almost three times faster for transfers than Bitcoin and offers transaction fees that are 40% less.
We believe that thanks to these attributes and its popularity, it will continue to grow in value.
Binance Coin
Binance Coin (BNB) is the platform for trading a vast number of cryptocurrencies and is directly integrated into Binance, which had an extremely successful period last year.
The coin itself has increased by over 700% in recent months before stabilizing at a lower price.
It holds a market capitalization of 49 billion dollars and a daily trading volume of over a billion.
Considering the number of holders, as well as the multitude of services offered by the Binance platform, we have every reason to believe that Binance Coin is one of the best investments to make and will continue to provide high returns in the future.
In Summary
If you have a high-risk tolerance, it is possible to use the market’s high volatility to your advantage, and the gains can be very high.
Here are once again our top 5 picks when it comes to cryptocurrencies:
• Bitcoin (BTC)
• Cardano (ADA)
• Ethereum (ETH)
• Litecoin (LTC)
• Binance Coin (BNB).
