Best Cryptocurrencies To Invest

Cryptocurrencies are the hottest investment commodity of the year. If you haven’t already taken the plunge, you’ve most likely considered getting your feet wet in that great cyber-money ocean. Whether you are a veteran or a newbie, CryptoTraderPros.com recommends five great crypto investment opportunities this year.

The world has seemingly gone cryptocurrency mad. When Bitcoin first appeared, the idea of a cryptocurrency, a monetary system, is working completely independently from the shackles of a nation and its banks. Fast forward a decade, and there are hundreds of cryptocurrencies all vying for market attention. Choosing just a handful is not an easy task, but CryptoTraderPros.com is determined to give it a shot.

The Top 5 Best Cryptocurrencies To Invest In

Here are five significant cryptos to put money into this year. Some are for practical reasons; others make sense purely from an investment perspective.

 Ripple 

Ripple is the safest option for cryptocurrencies, and while it might not reap the most rewards right now, it’s a solid investment for years to come because its particular skill set is guaranteed to make it mainstream.

Ripple is a “distributed open-source internet protocol”. Its primary function is as a platform that supports real-time gross settlements, fast remittance, and currency exchanges.

The Ripple network supports traditional fiat currencies (dollars, pounds, euros, yen, etc.) and cryptocurrencies. Still, it can process and perform transactions with these currencies faster than any other current platform and at zero cost to any involved party.

Because of this, banks are falling over themselves to work with Ripple. CNBC reported earlier this year that Ripple now has more than 100 clients from the mainstream banking industry using its XRP token. So it’s not hard to imagine a future where Ripple is used by all central banks worldwide.

 Ethereum

Like Bitcoin, Ethereum is an excellent investment option. Still, while Bitcoin is garnering plenty of negative press regarding how comparatively slow and ponderous it is in transactions compared to newer cryptocurrencies, Ethereum gets no negative press.

Add to that the fact that Bitcoin is a cliché and was created by a (fictional?) Japanese person, while Ethereum sounded cool (like the ultimate antidepressant, “forget Prozac, I use Ethereum”) and was developed by a 19-year old Russian-born Canadian named Vitalik Buterin. What’s more, big business like Ethereum; Ether coins are now accepted as currency by Accenture, Amis, BBVA, British Petroleum, Credit Suisse, J.P. Morgan, Microsoft, Santander, UBS, BNY Mellon, CME Group, Expedia, Save the Children, MasterCard, Toyota and Samsung, and the roster grows larger every month.

In an industry where a crypto’s value can increase by 1,000% in a matter of days and fall just as dramatically, it’s not farfetched to see Ethereum ride this current wave of individual and institutional goodwill to the no.1 spot.

 EOS 

EOS is already a success story and features consistently in the crypto top rankings. However, regardless of its fantastic start, EOS is a well-structured cryptocurrency built to last and could eventually challenge Ripple for mainstream acceptance.

EOS has already achieved exceptional growth in less than three months of its lifetime; the natural presumption is that it isn’t done yet, and it still has a lot of growing to do. After all, most cryptos don’t peak until their fourth or fifth year of existence.

EOS is the latest cryptocurrency from Dan Larimer, the brains behind Bitshares and Steemit. Both of those concepts – while ingenious – are yet to set the crypto world on fire. However, Larimer and Block.one has hit pay dirt with EOS, which is guaranteed to be one of the five best performing and most valuable cryptocurrencies of 2018.

 Litecoin 

There are several reasons why Litecoin will do well in 2018 (transaction speed, transaction capacity etc), but the one that will send this cryptocurrency into the stratosphere is the rumored upcoming tie-in with PayPal. PayPal is the no.1 online payment system, involving almost 200 transactions per second and more than six billion each year. That’s a lot of transactions.

PayPal faces competition from crypto-company Coinbase, which recently announced its intention to launch Coinbase Commerce, basically a PayPal for cryptocurrencies. As a result, PayPal is suddenly in the market for a crypto partner that offers high security, fast transaction speeds at low costs, and can handle high trading volumes. Step forward, Litecoin!

PayPal has been eyeing the crypto market for a while now, and looking for a way of getting in on the action, and Litecoin offers them just that. Expect to hear about a PayPal Litecoin alliance within six months.

 Bitcoin

Yes, Bitcoin! Even though it is so well known, it is almost a cliché; BTC still represents the best investment option in cryptocurrency, both long term and short term. Its price may have dropped a little during the first quarter of 2018, but those in the know claim that Bitcoin won’t just regain its lost value; it will soar to heights previously unchartered.

Blockchain Capital is a major venture capital company that focuses on purchasing – and investing in – blockchain-related companies. Blockchain Capital senior partner and head of research Spencer Bogart who also works as an analyst on CNBC claimed that Bitcoin’s individual value could rise to $50,000 per coin in 2018, largely because of the impending massive investment that is predicted from institutional rather than individual investors. In other words, big business looks set to jump into the crypto market in 2018.

How To Purchase Cryptocurrency

If you want to purchase cryptocurrency, either as a short or long-term investment opportunity or as a currency to trade for goods, use a cryptocurrency exchanger.