In this article, we are going to discuss the predicted top three cryptocurrencies to invest in for 2019, based on their year-end performance in 2018 and when compared to what current cryptocurrency users are investing in now. The three best performing cryptocurrencies for 2019 are Ethereum, followed by Ripple, with Litecoin coming in a close third and in that order.
Secondly, Ethereum is currently the most valuable application developer platform in the world right now. Out of the 1 600 different cryptocurrencies, around 500 of them are built on Ethereum.
Thirdly, from its usability to its application as a cryptocurrency, it offers value return based on decentralised processing power with the adoption process and use cases of Ethereum’s protocol growing rapidly.
By 2019 end, Ethereum is expected to reach around $ 500 and to triple again to $2 000 by 2020. Investment potential in Ethereum is high due to the popularity of Ethereum’s proof of concept among institutional investors and the fact that the network has the largest developer community and nearly all large organisations are testing on this platform.
Following its recent losses, it is expected to rally strongly for the year ahead, and Ethereum is well-positioned for a recovery, which may eventually lead to it becoming a ‘mothership’ type currency for all future digital currencies. Like Bitcoin, there is little stopping Ethereum from being an alternative currency to fiat and commodity currencies.
Ripple’s far-reaching impact in transforming the banking industry through strategic partnerships as a fast and reliable cryptocurrency is unprecedented in the market. Its XRP is touted to be 1000 times faster than Bitcoin, the original cryptocurrency, and predictions see 2019 as the year for its virtual coming out.
As a fast and cheap method of transacting monetary value, Ripple has a great chance to stand up amongst competitors. Instead of focusing on price, investors must look at the myriad ways it uses the blockchain in solving issues around the digital payment industry. Likely to be used for designing a decentralised open source product, Ripple, with the release of xRapid is able to build robust relationships based on trust.
Trust and honour should be in front of every social interaction involving human beings, including financial transactions. Ripple offers this together with a more efficient payment system, which is both faster and safer. This, together with the fact that is it solidly backed up by banking and financial institutions, offers opportunities across multiple industries and will ensure it continues to offer opportunities to see it maintain in the business and survive.
Ripple functions in a decentralised platform that fosters money transfers in any form. It is open source and peer to peer, and can work with several exchanges and currencies, physical or crypto, such as US dollars, Yen, Litecoin, and Bitcoin.
One of the first alt-coins to be released, Litecoin LTC took key features of Bitcoin and improved upon the technology. Currently, it’s one of the largest alternative crypto-currencies on the market.
There are some differences between Bitcoin and Litecoin in the total supply, which is 84 million compared to Bitcoin’s 21 million. Also, the average mining time of a block on the LTC blockchain is 2.5 minutes while it is 10 minutes for BTC.
Like its name, it is a light-weight, easily spendable version of Bitcoin which offers low-value transactions for future capabilities of smaller purchases such as coffee and shopping, which offers its population the chance to grow exponentially. It also allows crypto communities to own a large and distributed share of the pie.
While Bitcoin tries to resolve scalability issues, the price of Litecoin will continue to rise in 2019, making it an excellent year to build on opportunities and make money. Investors are saying to invest in tokens, which have a low market capitalisation, because they have the highest potential for growth, with 2019 seeing it highly possible and very likely, that it can grow up to $200, and may even surge up to $400 in value. Thus, Litecoin will be one of the best cryptocurrencies to invest in 2019.
Before investing in cryptocurrencies in 2019, understand the leadership and development team behind a crypto company since this plays a significant role in the growth and success of a cryptocurrency. Track the top-level management of a particular cryptocurrency, before investing. Also, watch for regular updates and technological changes which can make a big difference in a cryptocurrency’s value. It’s essential to observe the community sentiment, on a regular basis at the same time.
Look for cryptocurrencies that are transparent, well-established and clear about their vision and goals.
2018 has been a tough year for returns on investments, however, those willing to sit it out have high hopes for increased cryptocurrency trading in 2019.
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