Cryptocurrency for those of us who aren’t familiar with the word is merely a Digital currency or like some of us like to call it, Internet money. The question on everybody’s lip is how does it work? These Cryptocurrencies are usually kept in the form of a coin with the value of each coin subject to price fluctuation on a regular basis. For example, you may have in your possession ten coins of a particular Cryptocurrency at a specific point in time. The value of those ten coins might increase or decrease over time depending on the demand for such coins.
These days the value of specific Cryptocurrency continue to increase at a steady rate with some peaking at a rate of about 555%. The trick to investing in Cryptocurrency is to pick the right one to invest in at the right time. It should be pointed out at this juncture that no Cryptocurrency has been able to obtain a legal certificate from any country of the world, as a matter of fact, it is illegal to trade in Bitcoins in China. Having said that, if you are still interested in investing in Cryptocurrency, you should be prepared to wait for at least six months before you can start reaping the dividend of your investment, this is because some Cryptocurrencies take time before they begin to appreciate in value.
Now that you have an idea of what Cryptocurrency is all about, let’s take a look at investment opportunities.
Best Cryptocurrencies investment opportunities for 2018.
IOTA: This is considered to be one of the best cryptocurrency with regards to the Technology on which it is built. It is a lot better than Ethereum Blockchain or Blockchain as its working principle is based on Tangle technology, which involves a directed graph connecting two transactions to each other at an excellent speed. Another advantage of IOTA is that there is no need for transaction fees. As a result, investors who are looking to avoid paying huge transaction fees would go for IOTA as their preferred Cryptocurrency. The prediction is that IOTA can increase in value by over 555% in future. So from an investor standpoint investing in IOTA seems like a wise long-term investment option.
Ripple: This is a low priced Cryptocurrency that has shown a steady increase in value over the last three months with a peak rate of about 408%. In December when the price of other top-rated Cryptocurrencies crashed at an average rate of about 22%, Ripple was the only one that continued to appreciate in value as indicated on coinmartketcap.com this has made Ripple an investor’s delight. In addition to being amongst the most trusted cryptocurrencies in the world, it also charges transaction fees a lot less than Bitcoin, Litecoin, Etherum and Bitcoin cash which makes it suitable for long-term investments.
Litecoin: Litecoin is amongst the oldest Cryptocurrencies available on the market today. It was launched in 2013 and consists of several advanced security features. In addition to security, Litecoin is also advanced in terms of its transaction time and its ability to store data. In 2017, the value of Litecoin appreciated by over 6520% with its prices increasing from $5 at the start of the year to about $331 at the end of 2017. This represents huge profits for those who have invested in Litecoin within a year.
Cardano: Cardano is new to the family of Cryptocurrencies, it launched in October 2017 at a starting price of $0.012 and appreciated in value to about $0.41 in less than three months. Cardano continues to grow at a steady daily growth rate of about 50% making it an investor’s heaven. Apparently, the owner of Cardano happens to be a co-owner in Ethereum. Cardano boasts of a more advanced technology that Ethereum, and thus, the signs are looking positive for Cardano, making it an excellent choice for both short and long-term investment. This is because it looks like holding an excellent market cap value in future.
Bitcoin Cash: The story of Bitcoin cash is impressive because it just launched as recently as July 2017. It has appreciated in value by over 901.6%, with prices rising from a starting value of $411 in July to about $2400 today. This figure is huge compared with other Cryptocurrencies like Ethereum and Litecoin. It is currently amongst the top Cryptocurrencies with the highest market cap. The signs show that in no time it would overtake all other Cryptocurrencies to become number one in the world. Some people attribute this to the fact that it comes from the Bitcoin family as they share the same name but investor rarely care about such things. What matters most is if the technology on which it operates is advanced enough and if you are bound to get a profit on your investment and in both cases, the answer is a resounding yes. So in summary Bitcoin cash is a wise investment option.
Now that we know which are the best cryptocurrencies investments, we need to know where exactly we should trade them. It is very important to choose regulated with high score broker to maximize and secure your investment, below are the top rated brokers to choose from:
|2% management fee and 100% spread rebate
|ASIC, CySEC, CFTC, FCA, MiFID
|Bitcoin, Ripple, Ethereum, Litecoin, Dash, Bitcoin cash
|CySEC, Financial Conduct Authority (FCA), ASIC
|Bitcoin, Ethereum, Bitcoin cash, Ripple
|up to 50%, up to $20,000
|MiFID, Central Bank of Ireland, ASIC, FSC, BVIFSC
|Bitcoin, Bitcoin cash, Etereum, Litecoin