Today, with the fact that millions of people have invested in it, and a wealth of billions of dollars the cryptocurrency market is a very good place to invest in. Bitcoin, the most widely recognized cryptocurrency in the world, has seized more than $ 112 billion of market cap alone which is more than one year’s budget for many countries! But among hundreds of different cryptocurrencies, it’s not just Bitcoin, which has a large volume of market share, and there are other currencies that, like Bitcoin, are reliable and can be invested in. Come along with us to find out more about the best cryptocurrency for investment and review some of them.
Best cryptocurrency for investment (long-term)
In the world of cryptocurrencies, we can increase our capital in two ways. In the first method, which is known as long-term investment, we buy a certain number of one or several cryptocurrencies and we keep them in our own cryptocurrency wallet. When we need that capital or its value reaches the desired value, we withdraw them from wallet and exchange them for fiat money. In the second method, which is known as short-term investment that most traders use, investors buy and sell coins daily and instantly, which may result in losses or profits.
In long-term investment, most people are looking for a coin that is more stable and most profitable. Of course, by stable we do not mean stable coins such as Tether or TrueUSD. Buying these coins will only keep your capital steady. We are looking to find the best cryptocurrency for investment that has the least chance of capital loss and we can be sure that its value will increase in the future.
Of course, you should bear in mind that in cryptocurrency market, nothing is 100% and we cannot be completely confident about what will happen in the future. So we will only introduce a few more reliable coins available according to what experts say. There may be events in the future that none of the proposed coins can resist and therefore your capital will be lost. Always keep in mind that entering the stock market has its own risks, and the cryptocurrency market is no exception.
Bitcoin is one of the best choices among all digital currencies if you want to try a viable yet profitable investment. It is of course the best cryptocurrency for investment. Bitcoin has the largest share of the cryptocurrency market, yet it is also the most valuable currency in the cryptocurrency world. As noted, Bitcoin’s market cap is now over $100 billion, which is five times more than the second-largest cryptocurrency which is Ethereum!
Bitcoin experienced a rise in its price in December 2017 to $19,000, but could not maintain that value and gradually returned to lower prices. But it has long been able to keep its price up to $6,000. This resistance lasted for about 5 months, and it seems Bitcoin is no longer in decline. Given that we are on the brink of the new year, the price of the currency seems to rise again and could increase the value of its investors’ assets.
Many experts believe that after bitcoin, this is Ethereum that is the best cryptocurrency for investment. But the charts do not say so, and since May 2018, its price has been steadily declining. However, this coin has managed to get more than $ 20 billion market cap and take the second-largest market cap. Considering that many people have invested in this coin, it seems that we should an increase in its price in the future.
However, at current prices, Ethereum purchase seems unlikely to be a risk, and given that it is the end of the year, it could be a profitable investment.
Undoubtedly, ripple is one of the bests if it’s not the best cryptocurrency for investment. This cryptocurrency is accepted by many stores and banks and is considered to be a currency that Bitcoin fluctuations do not have much impact on. Of course, with the decline in the value of the bitcoin, the value of the ripple will also decrease, but the graphs show that this cryptocurrency has a good stability and can be a good choice for investment.
Of course, you should also keep in mind that if you invest on ripple, you may not get a lot of profits, but you will certainly not lose much if the price drops. However, as noted, in the world of cryptocurrency, nothing is 100% dependable.
Litecoin, which has been introduced since 2011 and is one of the oldest cryptographic currencies, currently holds $3 billion of market cap. Of course, the value of Litecoin has been declining for a long time, but this is not an ever-lasting trend, and soon this currency will also make a huge difference to investors. If we look at the value of Litecoin, we find that it is more stable than other currencies and has less fluctuations. In this way, this currency is also listed on the list of the best cryptocurrency for investment.
Binance Coin (BNB)
Binance Coin, which is the coin for Binance exchange, is one of the most stable cryptocurrencies, and currently holds more than $1 billion in market share. Since this currency belongs to one of the world’s largest online digital currency exchanges, and is supported by this company, as long as the Binance Stock Exchange continues to operate, it will also continue to be a popular cryptocurrency.
By no means can Binance Coin be ignored in choosing the best cryptocurrency for investment. The currency chart shows that, in some circumstances, even though bitcoin behaved in a shrinking manner, this coin had an incremental value, and as the market demand increases as other currencies experience a decreasing trend, it can be considered a good investment option.