What Top 10 Cryptocurrencies Will Explode in 2019?
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If you have any plans to invest in the crypto market this year, we have good news for you. According to many crypto enthusiasts, 2019 and 2020 would be the best years to invest in cryptocurrencies.
When it comes to deciding on what crypto to invest in, the choice can be somewhat overwhelming as there are over a thousand crypto coins available in the marketplace. It’s difficult and time-consuming to do your research and sort the ones that are worthy from the “unfruitful” ones.
That’s why we’re here to help you. The following is a list of cryptocurrencies that are expected to explode in 2019 and make an even bigger impact in the years to come.
Ultimately, there are no single cryptocurrencies we can point out as the best of the best. Many cryptocurrencies offer quite attractive opportunities for investment, depending on what you’re looking for and what your investment goals are.
One other thing to consider is the level of experience you have. For instance, some cryptocurrencies might be good to invest in for beginners, while others are suitable for more advanced crypto investors.
Also, you have to keep in mind that buying the best cryptocurrencies is not enough to be a successful crypto investor. Many investors have witnessed their crypto journey come to an end because they didn’t pay enough attention to security. If you are truly serious about investing in cryptocurrencies, you have to put effort into protecting your investment by reinforcing your security.
Most of the mistakes cryptocurrency investors make are related to security. For example, forgetting to enable 2FA, leaving your coins on an exchange, not owning a hardware wallet and more.
Let’s go back to our topic of discussion!
Watch out for the following top 10 and if you’re really interested in investing the crypto market, make sure you have all the information needed.
What top 10 cryptocurrencies will explode in 2019?
When talking about the top 10 cryptocurrencies to invest in right now, cryptocurrencies in general and smart crypto investments, all discussions should start with Bitcoin.
Why is that? Well, it’s because Bitcoin is the most used cryptocurrency to date, often referred to as “the king of cryptocurrencies”.
The main goal of Bitcoin is to become a global, peer-to-peer, digital cash, detached from any form of regulation and thus becoming fully decentralised.
Other than that, the reason why you should keep Bitcoin on your investment radar is that it has the highest liquidity in the crypto space, which also makes it the best cryptocurrency to buy if you are a beginner.
Ultimately, you will have absolutely no trouble buying/selling Bitcoin. There will always be someone on the other end ready to match your order. Not just that but Bitcoin is also known to be one of the most stable cryptocurrencies, despite its volatility.
Bitcoin’s influence, demand and mass adoption are expected to only go up in the years to come. As demand increases, the price is expected to rise substantially as there are only 21 million coins. This means that if you invest in Bitcoin now, in the years to come you may triple your investments in the near future. BTC at $200B market cap = 3x return!
Litecoin is one of the hottest cryptocurrencies of the decade, coming right after Bitcoin. Using Bitcoin’s source code, it’s actually a fork of Bitcoin, with technical changes to the code that makes Litecoin one of the fastest cryptocurrencies in town!
One of the main reasons to consider investing in Litecoin this year is its high liquidity and a large market cap. If you want to avoid risks, stay away from coins with smaller market caps and communities and go with cryptocurrencies like Litecoin.
Why do we think Litecoin will explode this year and in the years to come? Well, there’s a limited supply of 84 million (as compared to Bitcoin’s 21 million) and a block reward of 25 LTC. This is a higher block reward and faster block time, as compared to other cryptos. Also, the average mining time of a block on the LTC blockchain is approximately 2 minutes. This, along with the fact that Litecoin is one of the big four on Coinbase, many experts think that whatever happens in the future, Litecoin will surely remain one of the altcoins that keep standing strong.
In 2019, Litecoin is still considered as one of the most trusted and used cryptocurrencies, despite the strong competition.
You can’t go wrong with investing in Ethereum in 2019. Ethereum was the first major project to introduce smart contracts, allowing developers to launch desktop and mobile decentralised applications (dApps) on the back of blockchain technology and has remained one of the top ten cryptocurrencies in 2019.
Not just that but Ethereum is the second-highest liquid cryptocurrency, ranking right below Bitcoin. This means that you will have no issues with buying or selling Ethereum. One more reason to believe that Ethereum will remain a strong investment in the years to come is that it has a loyal team and community. This gives Ethereum a better chance of staying stable and only increasing in value in the long run.
In addition, much more Ether that can exist in comparison to Bitcoin or Litecoin. Ether fuels the dApp ecosystem, meaning that millions of developers and companies will need it to fuel their smart contracts and launch applications. This puts you in a favourable position to sell your Ethereum coins.
BAT - Basic Attention Token
The BAT has been one of the hottest cryptocurrencies in 2018 and 2019. Basic Attention Token (BAT) is another utility token, utilised in the Brave Browser. The BAT token is used to tip content creators, as well as virtually anyone you found helpful on the Internet. You can choose how to tip them for the insightful information or content you received from them. This has a lot of potential as the Internet browser industry is quite enormous.
With so many other coins collapsing, BAT remains surprising consistent. This is a good sign of healthy accumulation. The demand for the coin is expected to grow, which will lead to price valuation of the token.
NEM is actually quite different from other cryptocurrencies for two main reasons, which makes it quite attractive to young investors. First, instead of mining, you harvest; second, proof-of-importance is how to determine who will harvest the next block. NEM is a cryptocurrency, as well as a platform for building applications on top of.
NEM is also quite fast with transactions; it takes 6 seconds to appear and 20 seconds to confirm. Transaction costs are also very low. Another benefit of NEM is that it uses 100x less power than BTC, for instance, to run a node or harvest.
NEM is an ambitious project with some really large goals. It’s definitely more than a cryptocurrency. The team behind the platform believe that it can revolutionise many areas, including loans, game data, royalties, smart contracts, ownership records, and the launching of ICOs, etc.
It’s definitely a venture worth keeping up with!
NEO is known as the China-based Ethereum. NEO is another smart contract platform with a lot of potential, allowing developers to launch decentralised applications on the blockchain. The technology behind NEO, underpinned by a Delegated Byzantine Fault Tolerant system, is considered quite sophisticated, utilising improved proof of stake tech.
NEO is in the top 20 at CoinMarketCap, which means that it’s a highly liquid asset. The founders are also very experienced and trusted among the crypto community, further boosting the credibility and value of NEO.
The value of the NEO coin is slowly gaining momentum and starting to rise upwards. The most appealing aspect of NEO to investors is the obvious similarities between NEO and Ethereum. Both platforms are more than just cryptocoins. They allow the creation of digital assets, smart contracts and applications on their blockchains. On the NEO platform, however, tokens are distributed to prove ownership of an asset, instead of the asset itself. This makes it more straightforward to transfer shares, equity and assets.
BNB - Binance Coin
This is one of the best cryptocurrencies to buy if you want to diversify your portfolio and already own major coins like BTC or ETH. The company has a solid business history and an experienced team behind its main concept, which is to be a utility token. The value of Binance Coin comes from how useful it is, along with the level of demand for its utility.
The success of Binance is proof to a lot of investors that they have the skills and resources to make this coin a success.
Binance Coin is also one of the most liquid cryptocurrencies right now, ranked within the top 10 on CoinMarketCap. Its volume shows constant growth as well. Despite volatility, the price of a Binance Coin has multiplied x3 earlier this year.
Binance is also one of the world’s fastest-growing exchanges. Any transactions on the exchange are done using Binance Coin, making BNB one of the fastest-growing cryptocurrencies this year, in terms of trade volume.
Think about all that when you decide where to invest your money in this year.
The reason why we’re adding Tron to the list is that it recently acquired BitTorrent. In the long term, this could mean big things for the company and their value if they manage to develop more secure and decentralised torrenting methods. Some expect innovations such as distributing file parts across a network and recombining them for users to download. Ultimately, Tron is considered an ambitious initiative with a lot lined up in the years to come.
Another reason why TRON is on our list is that TRX/Tronix (the name of the cryptocurrency used in the Tron network) is one of the few ERC20 tokens that made it to MainNet. Its chain is also up and running! TRON has over 300,000 accounts. It’s still a lot less than other cryptocurrencies’ networks, however, the growth is quite impressive. Last year, TRX was ranked 15th on the list of the largest cryptocurrencies by market capitalisation. Tronix can be used by content consumers to pay to content creators if they want to access their original material. The coins would then go to the producers’ accounts and can be exchanged to other cryptos or used to pay for various blockchain services.
For these reasons we believe TRX is an altcoin with a future and you should consider investing in it this year.
A lot of people who have addressed the shortcomings of the Ethereum Network are already shifting their investments to EOS. EOS is overcoming barriers such as the requirement to know how to write in Solidity to develop a dApp by providing services to developers, including account management services and database that do not require programming knowledge.
Investors are also praising the many technological advantages of EOS, including the fact that the platform performs much faster than Ethereum and Bitcoin and is more scalable. There is no need for users to pay gas to use the network; there’s a centralised group of 21 gatekeepers, approving transactions.
Another reason why EOS might attract your attention this year is the huge and very enthusiastic community. Also, EOS completed a successful token sale and it has the capital to develop its full potential in the years to come. That’s why many experts are confident that EOS will be a highly profitable investment in 2019.
When it comes to market capitalisation, Ripple comes in 3rd place, after Bitcoin and Ethereum. The concept and goals of Ripple are a little bit different than the rest of the cryptocurrencies on this list. Ripple is a venture-backed startup, offering financial settlement services for banks that allow them to make transactions directly and instantly across national borders.
Ripple is oriented to large institutions, rather than to individual users. It partnered with large banks around the world and even more financial institutions are adopting the Ripple protocol. The reason why we think Ripple will definitely explode this year and in the years to come is the fact that due to that institutional support and being safe from SEC regulation, XRP will surely remain a powerhouse among the cryptocurrency community.
We hope that by now, you got a good idea of some of the top 10 cryptocurrencies that stand out in 2019 and might end up bringing you profit if you consider investing in them.
Keep in mind that investment is always a risky process and it’s not something to be rushed. You should always take investment decisions after spending a significant amount of time doing research and keeping logic as your best friend.
Which cryptocurrency should I invest in 2019?
All of the above-mentioned cryptocurrencies are considered as safe investments by many experts and investors. They impress with solid teams behind them, strong communities, ambitions and proven history. Some of those are great for beginners as well. Whether you are just about to enter the world of cryptocurrencies or want to diversify your existing portfolio with some of the top cryptocurrencies, Trading Education believes that investing in any of these cryptocurrencies has a potential to turn into a great success story for you.
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