Bitcoin is by far one of the most popular cryptocurrencies today. Aside from this, there are a lot of altcoins available for long-term investment that will surely give you massive profit.
? Cryptocurrency is a digital currency with encryption technique to regulate its generation of units and verify the transfer of funds. Due to the success of Bitcoins, there are now a number of types of cryptocurrency in the market.
Most of them are profitable, but it doesn’t work the same. So, you have to be careful when it comes to choosing what cryptocurrency to invest in. If you are planning to invest in cryptocurrency, you can do so. Here’s a list of the best cryptocurrency to invest in.
1. Bitcoin (BTC)
It’s impossible to create a great digital currency list without BTC because it top digital currencies. Bitcoin is the first cryptocurrency and it is very popular due to its value. If you are interested in purchasing bitcoin to earn from it, you have to see it as a long-term investment.
Bitcoin is volatile, you can’t predict its price. Today, you might be grinning from ear to ear due to its high price and tomorrow you might find yourself shock at how sudden its value drops. Although this is a great investment, do not expect that things will just go fine all the way.
In fact, the price of bitcoins has plunged several times, but it has managed to remain as one of the forces to reckon in the crypto world because it’s the best cryptocurrency. Many people believe that the first remains the best and this seems to be true with BTC. This cryptocurrency is expected to be relevant for a long time.
A number of The good thing with Bitcoins is that it has been recognized by different retailers and services. In fact, hundreds of businesses accept BTC as payment. Among the major retailers that accept bitcoins are Overstock.com, Expedia, eGifter, Newegg, Shopify stores, Dish, Roadway Moving company, PizzaForCoins, Intuit PaybyCoin Services, and Microsoft to name a few.
However, you should take note that you need heavy backing in terms of funds in order to appreciate the gains when you trade Bitcoins.
As of this writing, bitcoin is equal to $7,601, according to Wallet Investor. However, after a year, it is expected to be $42, 190. 30. If you will keep this as a long-term investment, you will gain more. A 5-year investment promises you a +455.05%. revenue. If you make a $100 investment for BTC today, it will be $555.05 in 2023.
2. Ripple (XRP)
Ripple is on to great things. In fact, those who invested in this in 2017 are definitely smiling as of this writing. That is why Ripple is among the best cryptocurrencies that you can invest in.
Others might find this digital currency unattractive due to its low price. However, the same reason makes it appealing to long-term investors.
Ripple has a total market capitalization of about $35 bln, so it has a lot of potentials. Ripple is one of the best cryptocurrency to invest in 2018.
? For this year, Ripple is expected to hit the range of $5-$7. If banks will start to adopt Ripple, its price can hit up to $20.
According to Cryptocomes, if the total crypto coin market cap reaches to $1.5 trillion, there won’t be room to develop for Ripple. Blockchain can still be risky. If something goes wrong with the transactions, the value of the coin will fall. Therefore the Ripple 2018 price prediction is relatively humble.
3. Ethereum (ETH)
Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. This is generated by Ethereum platform and it provides a decentralized Turing-complete virtual machine.
Ether is a fundamental cryptocurrency for operation and is used to pay for gas, a unit of computation used in transactions and other state transitions. This is cryptocurrency is listed under the code ETH. This is used to pay for transactions and computational services on the Ethereum network.
Ether is a promising cryptocurrency. In fact, its price skyrocketed by almost 3,000 percent in 2017 as it hovered around $720 with a market capitalization at $70 bln. At the time, its price in the market has almost doubled, so is its crypto coin market cap. So, this is definitely calling you to invest in it.
“I just got back from the Bitcoin Miami conference and Ethereum is worth close to a $1,000. When I went to the same conference the year before it was $8 to $12,” said Matthew Gertler senior analyst at Digital Asset Research told International Business Times.
“If anyone had said to me at the time that the high would be a $1,000 or more, I would have thought that they were crazy. I’ve been incredibly surprised over the past year. So I don’t have a high price expectation [for ether]. In terms of a low [price], I don’t have a bottom either.”
4. Litecoin (LTC)
Litecoinoffers a Bitcoin-like experience as it is also a peer-to-peer cryptocurrency except for the high fees. Just like Bitcoin, this also experiences an increase from $4 to $358 in 2017. However, this year, it crash to almost 100 earlier this year, but the coin persists.
The good thing with Litecoin is that it constantly improves the technology of Bitcoin. For instance, if Bitcoin completes your transaction in 10 minutes, Litecoins will do it faster in 2 minutes and 30 seconds. Also, while the cap of Bitcoin is fixed at 21 mln, Litecoin takes it higher at 84 mln. In 2017, it completed a Lighting Network transaction by transferring a fraction of a Litecoin in one second.
LTC is a great long-term investment. According to Walletinvestor.com, this cryptocurrency is a profitable investment option. As of this writing (2018-07-31), Litecoin is worth $77.465. If you buy Litecoin for $100 today, you will get 1.291 LTC. Based on its forecast, there will be a long-term increase.
By 2023, the LTC projected price (on 2023-07-27) is $680.910. With a 5-year investment, the revenue is expected to be around +778.99%. So, your $100 investment may end up to $878.99 in five years.
5. ZCash (ZEC)
ZCash is the first open, permissionless currency that fully protects the privacy of transactions using zero-knowledge cryptography. This is a decentralized and open-source cryptocurrency that provides strong privacy protections.
It features shielded transactions that hide the sender, recipient and value on the blockchain. If Bitcoin is like http for money, ZCash is https – a secure transport layer.
ZCash brings fungibility to cryptocurrency by unlinking shielded coins from their history on the blockchain. Is pioneers the use of zero-knowledge proofs by applying cutting-edge cryptography to blockchain technology.
The zero-knowledge proof allows fully encrypted transactions to be confirmed as valid. This new property will enable the entire new classes of blockchain applications to be built.
With this cryptocurrency, users can enjoy the advantages of using a public blockchain while still being sure that you are protected and your information is private.
ZCash’s price was fluctuating heavily from $220-$330. For 2018, the most realistic forecasts suggest that this can reach between $554 or $2,100 and higher.
If ZCash doesn’t get that high it will still likely reach $200 in 2019. Wallet Investor gave a more positive forecast in 2020, with a price range from $370-$2,222. In 2025, its cost can grow to a minimum of $2,037 and in the best case between $2,500-$8,800. Some investors claim that it can even reach the threshold of $60,000.
6. Dash (DASH)
Digital Cash is formerly known as Darkcoin and XCoin. This revolutionary digital money system is an open source peer-to-peer cryptocurrency and decentralized autonomous organization (DAO). It features instant transactions, private transactions and a self-funded, self-governed organizational structure.
Dash is one of the top five cryptocurrencies that you should invest in. This cryptocurrency just kicked off in 2015 and it already has $4.8 bln market capitalization. Within a short while, they have consistently handled about $100 million worth of transactions daily.
As of this writing, Dash is priced at $216.599. If you invest $100 in it, you will get a total of 0.462 DASH. Based on WalletInvestor’s forecast, by 2023, Dash is worth $2,238.680. With a 5-year investment, you will experience a revenue of around +933.56%. In 2023, your $100 investment will be $1,033.56.
7. Monero (XMR)
Monero is another great altcoin. Unlike most digital coins, this uses a special technology called “ring signatures” that shuffles users’ public keys to eliminate the possibility of identifying a particular user.
Monero employs a specific protocol that generates multiple unique one-time addresses that can only be linked by the payment receiver and are unfeasible from blockchain analysis making it analysis resistant. Since Monero is untraceable and unlikable, it is more secure and private compared to bitcoins.
XMR is another great long-term investment. At the time Monero is $123.6. Based on Wallet Investor’s forecast, in a year the price of XRM will go up to $1044.190 and in five years the revenue is expected to be over 744.82%.
8. IOTA (MIOTA)
The IOTA token was created to service the “Internet of things.“ IOTA is a permissionless distributed ledger for a new economy. It’s free and open-source and safer than blockchain.
IOTA’s distributed ledger’s transactions are not grouped into blocks and stored in a sequential chain. In contrast, the stream of individual transactions in IOTA is entangled together. This structure enables for high scalability. The more activity in “The Tangle” the faster the transactions can be confirmed.
With IOTA distributed ledger, every connected machine can maintain its own virtual wallet and transact with other connection machines without fess. In 2025, over 75 billion devices will be connected to the internet of things.
At the time, IOTA is worth $0.931m but a longer-term increase is expected. After a year, WalletInvestor predicted that it will cost $5.900. In five years, IOTA will be worth $633.64.
9. NEO
Neo is a blockchain platform and cryptocurrency that is designed to build a scalable network of decentralized applications. NEO token generates GAS tokens that can be used to pay for transaction fees generated by applications on the network.
Neo is often called the “Chinese Ethereum,” but this is different from Ethereum. Neo is expected to eventually operate with its sister company OnChain. Working together will allow them with unprecedented reach and usage.
At the time, NEO’s price is equal to $30.053. Based on the forecast, this coin will be $169.193 after a year. With a 5-year investment, your revenue is expected to reach +462.98%. So, if you invest $100 for this coin today, it will be $569.98 in 2023.
Meanwhile, Smartereum gave a higher value for this coin in its forecast. The site predicted that Neo’s price will be around $355 by the end of the calendar year 2018. Furthermore, its five-year forecast is around $1,275.
10. Nash
Nash or Nash Exchange (NEX) is a platform for high-performance decentralized exchange and payment. The crypto is originally known as Neon Exchange. It leverages an off-chain matching engine to enable faster and more complex trade across multiple blockchains such as NEO and Ethereum. It also handles complex order types that are not currently available on other decentralized exchanges such as market and limit orders.
This cryptocurrency handles high trade volume with its unique publicly verifiable off-chain matching engine. Its payment service enables third-party smart contracts on NEO to send and receive global assets such as NEO and GAS as part of their computation. So, investing in Neo is a good decision.
The Nash wallet extension underpins the NEX ecosystem and allows for quick and seamless coordination between NEX, dApps and websites. To make things better, this cryptocurrency allows for cross-chain trading by giving you the opportunity to trade tokens based on the NEO and Ethereum networks.
According to Price Prediction, the price of NEX will double in the second quarter of 2019 and will quadruple in the fourth quarter of 2019. By 2020, its value will be five times its price today and will increase up to eight times in the fourth quarter of 2020. That prediction is only within 2 years. The publication noted that your revenue will be 10 times if you invest in this token in 5 years.
Conclusion
Investing in cryptocurrency is just like investing in stocks, real estate, and gold. It promises gain but there is no assurance. You are solely responsible for your losses, so you have to keep yourself informed as much as possible before joining the cryptocurrency wagon.
There are a number of cryptocurrencies in the market that you can invest in. Bitcoin is one, but there are other alternatives that you might not be aware of. The list above aims to help you discover the altcoins that are as good as BTC.
References
cryptocomes.com/10-best-cryptocurrencies-to-invest-in-2018
bitdegree.org/tutorials/best-cryptocurrency-to-invest/
quora.com/Whats-the-best-cryptocurrency-to-invest-in-long-term-Why
cryptowisser.com