Cryptocurrencies offer a much-needed solution to one of the biggest exasperation in today’s money market – security of transaction in a digital world. It is a defining and unruly innovation in the fast-moving world of financial technology, a germane response to the need for a secure medium of exchange in the days of virtual transactions.
Whether it’s the idea of cryptocurrency’s itself and different cryptocurrencies variety portfolio, people from all walks of life are investing in digital currencies. You will be well familiar with the fact that there are many top cryptocurrencies exist in the market from the past few years. In such situations, the plurality of investors has great turmoil which is the best cryptocurrency to invest in!
If you are new to this concept or want help in cryptocurrency investments, here is the list of the most popular cryptocurrencies of 2019.
Known as the very first decentralized digital currency, Bitcoin has led the crypto world for so long and so dominantly that the term cryptocurrency & Bitcoin are often used correspondently. Still the most popular one, it is currently the biggest market cap of $175.10 B around the world. It has been widely used around the globe with both as a payment system and as a stored value enabling users to easily receive & send Bitcoin.
Why Bitcoin is on the top?
This is because Bitcoin transactions are made directly from person to person through the internet. There is no requirement of any bank or clearinghouse to act as a middle man. Due to this, the transaction fee is very less and can be used by any country around the world. Bitcoin can be used to buy any kind of commodity. Additionally, international payments are extremely easy and cheap in this cryptocurrency. Preferred by small to large businesses due to no credit card fee, it does not subject to any kind of regulation. Bitcoin supports 2 types of wallets – wallet in the cloud (no need to install any software on the system) & wallet on a computer (people keep their Bitcoin secured from the whole internet). Surely one of the top cryptocurrency to invest in 2019!
An alternative to Bitcoin, Litecoin was launched in 2011 and have marked its place in one of the best cryptocurrency of the world. Similar to Bitcoin, it is also a decentralized, open-source payment network that functions without a central jurisdiction. People may think that as both are similar, then why use Litecoin? Being faster than Bitcoin, Litecoin attempts to resolve many of the issues that hold Bitcoin down.
Is Litecoin best cryptocurrency to invest in?
Indeed. It can be used worldwide, simply by anyone. You can buy internet services like website development or goods, such as jewelry or other accessories. The great thing about Litecoin is that it provides merchants with a safe and easy way to accept money, as there is no fee when sending or receiving funds. You can also find that all payments are recorded via an online system and this currency works much like standard world currencies. The market cap of Litecoin is around $4.25 B and has a faster block generation rate which means it offers a faster transaction confirmation. This virtual currency is only used online and can be traded or can be mined. The main difference between Bitcoin & Litecoin is that Litecoin can be purchased much faster than Bitcoin.
This cryptocurrency was launched in 2015 and has successfully marked its name in the best cryptocurrency list with a market cap of $21.37 B. It is a decentralized software platform that enables distributed applications and smart contracts to built & run without downtime, fraud, control or third party interference. There exists a component called ether which acts as a vehicle within the ethereum platform.
What makes it stand apart from other different cryptocurrencies?
Ethereum has a more advanced language script and has a more complex, broader scope of applications. The fact that you can build incredible things on the Ethereum platform makes it almost like the internet itself. The token of ethereum can be used to trade, secure and decentralize just about anything. Also, ethereum allows users to run a code of complexity, making it suitable for any decentralized application, including cryptocurrencies. It is gaining huge popularity in the cryptocurrency area and you can surely invest it in 2019.
Have you heard of this term? It is also one of the most popular cryptocurrencies which aim to solve issues of anonymous transactions. Monero has an opaque rather than transparent transaction method. For those who love privacy for whatever purpose, Monero is here for them. An open-source cryptocurrency project with better security and privacy than other virtual currencies!
Why it is in the cryptocurrency list?
Designed to give everyone the power to control their finances without any government or financial agency oversight, the cryptographical techniques adopted by this is ensuring that a spy does not have any knowledge of your transactions. Considering its security features, it is considered one of the safest places to transact from. Its cryptographical techniques baffle the user’s data making it impossible for data sniffers to get anything. From completely secure & untraceable to scalability with no blockchain limits, this cryptocurrency is widely adopted by the people. Investors are soon going to demand more private-oriented cryptos; Monero will surely be on the list.
Ripple was started in 2013 and offers instant, secure and low-cost payments, and makes it a good choice to invest in 2019. The consent ledger of Ripple does not require mining, a feature that makes it different from other cryptocurrencies. Moreover, the lack of mining reduces the computing power which ultimately minimizes the latency and makes transactions faster.
Is it safe to invest?
Yes, of course. Ripple, similar to Bitcoin uses block-chain technology but can’t be mined. The currency is not set up as a mineable currency and its use is fixed to the Ripple network. Ripple uses validating nodes for validating ledgers which are controlled by ripple itself. Ripple has been successful in gaining banks as customers for its other products. It is a rising cryptocurrency for sure!
All the above-mentioned cryptocurrencies are picking up the pace and can be considered for investment in 2019.