There are a lot of different projects that are trying to attract newcomers to their ranks on the modern crypto-market. Despite last year’s recessions, today, the crypto industry hasn’t lost its popularity, and it still attracts the attention of both large investors and completely new customers who have recently learned about it. In this article, we are going to list the most relevant cryptocurrencies which, according to analysts, will retain their investment attractiveness in 2019.
What currencies are still relevant in 2019?
Ripple. This currency was founded in 2012, and it still retains its relevance. The value of the coin can increase due to the emergence of an increasing number of partner banks, allowing you to make even more transactions.
Stellar. This cryptocurrency is a platform for real-time currency transactions. A kind of offshoot from Ripple. By the end of this year, the projected price for one coin will be around $30.
Cardano. It is a blockchain-based platform that works with smart contracts and is completely open-source. Analysts believe that a single Cardano coin is going to be worth around $20 at the end of the year.
LISK. This platform allows its users to run their own blockchains. There are no smart contracts, and the main focus is on developing client applications. The estimated price is up to $150 by the end of 2019.
Waves. This is yet another platform that allows you to issue your own tokens. The estimated cost is about $90.
Iota. By using this cryptocurrency, you can combine devices into a single network and rent physical equipment or receive data from it. The estimated cost of the coin is about $40.
Monero. This currency is focused on maximum confidentiality and anonymous transactions using the built-in “mixers.” In 2019, the value of this currency may exceed $800.
Ethereum. Ethereum still retains its relevance. This year, this cryptocurrency can grow to the level of $3,000 per coin.
Status. This is a new cryptocurrency which combines the functionality of a messenger and a mobile browser. Using this functionality, you can interact with a number of Ethereum platform applications. Its price ranges from 3 to 5 dollars per coin.
NEO. This is a Chinese alternative to Ethereum which also works with smart contracts. The potential cost is about $300.
Siacoin. This is a platform that allows you to rent a place on a hard drive or get it from other users of the system. Approximate price is up to $25.
Is there a chance for a young currency to become the market leader?
Of course, there is. It is worth remembering that Bitcoin also cost a penny at the beginning of its journey, and now its capitalization is millions of dollars. The cryptocurrency market is still quite an unknown territory. This makes it impossible to analyze using standard economic tools, which gives chances for almost any cryptocurrency to soar in price rapidly.
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Many traders today prefer to invest in obscure currencies and hope that their deposits will pay off in the future. Some prefer to invest in ICO. However, in this case, you should beware of fraudulent schemes and carefully study the information provided by the developers of a particular currency. Even the presence of serious legal documentation, a list of staff members of a development team, and a roadmap do not guarantee complete security.
New coins often have low mining difficulty, and therefore, it makes sense to reserve them. Since the complexity of mining is constantly growing, the value of the coin itself grows. Usually, there are two approaches to mining. In the first case, you need to go to a site that provides a calculator of potential income, choose the most suitable coin for computer hardware, and start mining. The second approach involves independent market analysis and selection of the most promising cryptocurrencies. Unique mining algorithms are further developed for them, which requires deep knowledge in programming and finance.
In any case, do not forget about the basic rules of a safe investment. This means that you do not need to invest your last money in cryptocurrencies or all of your money into one currency. It is always necessary to diversify your investment portfolio in order to protect yourself and increase your potential income.