Bitcoin was launched as the first decentralized cryptocurrency in 2009. The advent of Bitcoin witnessed an exponential increase in its popularity, user base, and market capitalization. The colossal success of Bitcoin paved the way for the launch of many alternative cryptocurrencies called as Altcoins; post the Bitcoin boom. Ethereum, Ripple, Litecoin, etc, are some Altcoin examples.
Generally, these altcoins project themselves as a better substitute to Bitcoin. The Altcoins try to improvise upon the original Bitcoin design, by offering faster speed, anonymity or some other advantages.
Presently, there are about one thousand cryptocurrencies in circulation, with new ones frequently being launched. It must be noted that all these cryptocurrencies, including Bitcoins and Altcoins, are based on Blockchain Technology.
Consequently, the concept of encrypted and decentralized cryptocurrencies gained a massive momentum and worldwide acceptance. Thus, the year 2009 heralded the era of Cryptocurrencies and Blockchain technology.
Top 5 Cryptocurrencies to invest in 2019 :
In spite of facing much competition in the Cryptocurrency industry, the total market capitalization of Ethereum is higher than its competitors. Ethereum is among the top cryptocurrencies, along with Ripple, Bitcoin, and Litecoin. Currently, at the time of writing this article, the price of an ETH coin is around $219.
Ethereum was introduced by Vitalik Buterin, and it currently secures the second position for the largest market capitalization. As a platform, it enables many cryptocurrencies to exist, without having to build their own blockchain technology.
Also, it enables the developers to build smart contracts, that automatically executes the tasks, when certain stated conditions are fulfilled.
In 2019, the prices of Ethereum may boost hugely. There is a high probability that there will be a mass adoption and acceptance of this cryptocurrency, in the upcoming months. At the beginning of 2019, Ethereum will have a stronger market capitalization and consequently, a substantial increase in the concrete value per coin.
Also, it may experience frequent ups and downs of price fluctuations, in the first and second quarter. However, from the third quarter, it may start growing at a steady pace from $484 in July 2019 to around $1449.89 at the end of 2019.
Bitcoin is the biggest and most dominating cryptocurrency, in terms of market capitalization, user base, and popularity. It has become the leading trading pair for almost every altcoin. For example, if you want to trade OmiseGo, then you require Bitcoin to buy it.
If the price of Bitcoin goes up, then the prices of rest of the cryptocurrencies also go high. Similarly, if Bitcoin prices go down, then it affects other altcoins too. Thus, it tends to be the determining factor for the rest of the market’s value.
In this way, Bitcoin acts a store of value, that means you can measure the rest of the market’s value by comparing the price of Bitcoin.
However, the downside of bitcoin is that it doesn’t have a considerable number of use cases, as compared to other cryptocurrencies. Also, the Bitcoin is more like a store of value, rather than a practical cryptocurrency.
Furthermore, there are other faster and more practical cryptocurrencies, such as Litecoin and Etherium, which are available in the crypto market. Moreover, the bitcoin is not very scalable for real-life transactions yet.
Talking about the performance of Bitcoin in 2019, there have been many speculations and predictions, by experts around the world. For instance, here’s what Luke Lombe, Head of Blockchain at PlayChip, has to say about Bitcoin in 2019 :
“ We’ve been in a strong bearish trend for all of 2018. Institutional money has been accumulating during the lows, and I expect some positive developments on the ETF front within the next 6–9 months. If we can break the back of this bear run and push past US$8500, by January 2019 Bitcoin should be around double where we are now = US$12600.”
However, as of now, Bitcoin has the world’s biggest cryptocurrency community and the largest user base; so it is one of the best cryptocurrencies to invest in 2019.
Although, the total market capitalization of Bitcoin is gradually falling, and this trend may continue throughout 2019. Nevertheless, it is still the king of the cryptocurrency world, and perhaps it will continue to be the same, for a substantial period.
Also Read : How To Buy Bitcoins Anonymously
NEO is the Chinese version of Ethereum. However, it gives enormous flexibility over the Ethereum platform. In Ethereum, the programming of smart contracts is done by using a language known as Solidity.
However, by using NEO, the smart contracts can be coded with Python, Java or any other prominent programming language. Moreover, Solidity is not that popular as Python & Java, and it isn’t used anywhere else.
NEO is already quite popular among the crypto community. It has two currencies, namely NEO and Gas. Unlike Gwei, which is a part of Ether (ETH) itself; NEO and Gas are two different cryptocurrencies. In fact, Gas is used to pay the fees on the NEO platform. Presently, both NEO and Gas are equally reliable choices in the cryptocurrency market.
It is predicted that in January 2019, the price of NEO will begin at 17 Dollars. The maximum price should be $17, and the minimum price could be around $13. The average NEO price for the month can be $15 and NEO price forecast at the end of January month should be $14.
Hence, NEO seems to be one of the most promising cryptocurrencies in 2019. Currently, it is competing with other altcoins like Ethereum, EOS and a few others. In addition to that, NEO is creating its own ‘Smart Economy,’ slowly but certainly.
In the long run, NEO is striving its best to eliminate the dominance of Bitcoin. Most probably, it will soon compete as a trading pair; in the same manner, as ETH is accepted as a trading pair, in most of the exchanges.
After Bitcoin and Ethereum, Ripple is the third-largest cryptocurrency in the world, regarding market capitalization. It’s a venture-supported startup that never held an ICO. Moreover, it’s the main reason why the SEC will never declare it as a security.
Furthermore, Ripple provides global financial settlement services for banks, which lets them transact instantly and directly, across the globe. Because of its Real Time Gross Settlement System, it is the most widely adopted cryptocurrency by most of the banks and other financial agencies.
Hence, Ripple is considerably oriented towards large organizations. It provides a secure and reliable solution for cross-border payments, to all financial institutions. Currently, Ripple has partnered with big and eminent banks worldwide. Also, more and more financial institutions are looking forward to adopting the Ripple protocol.
This significant support by large institutions, combined with the fact that it is safe from SEC regulations; these are some of the main reasons why Ripple would be one of the best cryptocurrencies in 2019. Moreover, it is one of the few cryptocurrencies, which has the potential to give a tough competition to Bitcoin.
It is important to note that the supply of cryptocurrency coins is not finite. As a result, the key people in the company can add many coins to fluctuate the Ripple price, according to their wants. Using this power, the owners can fluctuate the market prices of Ripple up to $10 or even $100.
Currently, the price of Ripple is around $0.5; so, reaching the $1000 mark may take much longer than 2019. Although, reaching the $10 or even the $100 mark in 2019, is easy for Ripple.
Litecoin was one of the first alt-coins to be launched, and currently, it’s one of the largest alternative crypto-currencies. It was created in 2011 and has become a Bitcoin alternative since then. It comes under the top 10 cryptocurrencies, with a market capitalization of over 3 billion USD. Litecoin has the key features of Bitcoin, and it is based upon the same source code as Bitcoin, with some minor alterations.
The Total supply of Litecoins is around 84 million, as compared to the Bitcoin’s 21 million, in market circulation. 2.5 minutes is the average mining time of a block on the LTC blockchain, while it is 10 minutes for the BTC. Moreover, Litecoin is one of the big four on Coinbase.
The basic idea behind light coin was to make a light-weight, easily-spendable version of Bitcoin, which can be used for low-value transactions like coffee, shopping, etc. The popularity of Litecoin is likely to grow massively, because of its fair launch process, which allows the crypto community to own a large and distributed share of the pie.
If Bitcoin is not able to resolve its scalability issues soon, then the price of Litecoin will continue to rise in 2019. Thus, 2019 can be an excellent year to make money with Litecoin. Additionally, it is suggested to invest in tokens, which have a low market capitalization, because they have the highest potential for growth.
Although litecoin cannot be compared to the growth of other significant coins, such as Bitcoin and Etherium; but, it still stands out as a prominent altcoin. Therefore, it holds a high value in the world of altcoins, and cryptocurrencies in general.
Most importantly, it’s not possible for Litecoin to reach $100 in value, by the end of this current year (2018). But in 2019, perhaps it’s highly possible and very likely, that it can grow up to $200, and may even surge up to $400 in value. Thus, the Litecoin can be one of the best cryptocurrencies to invest in 2019.
What are the things to look out for, before making a crypto investment in 2019?
In 2019, there are many factors to be considered before investing in cryptocurrencies. For example, the leadership and development team behind a crypto company plays a significant role in the growth and success of a cryptocurrency. Hence, it is imperative to look out for the top level management of a particular cryptocurrency, before investing.
Along with that, the regular updates and technological changes can make a big difference in a cryptocurrency’s value. Also, it’s essential to observe the community sentiment, on a regular basis.
If you are thinking of buying ICO’s, then look for cryptocurrencies that are transparent, well-established and clear about their vision and goals.
More often than not, the investors are very likely to invest in new cryptocurrencies which carry a lot of hype along with it. Needless to say, if a cryptocurrency can instill more confidence among its investors, then there is a great chance that its value will increase significantly in the future.
Also Read : What is Initial Coin Offering (ICO)?
The current year, i.e., 2018 has been an unfortunate year, regarding returns on investment. However, a majority of the crypto community has high hopes and aspirations for cryptocurrency trading in 2019.
Last but never the least, if you are looking for the best cryptocurrencies in 2019, then you need to analyze all the factors, as mentioned earlier in this article, before making an informed decision.
Apart from the cryptocurrencies mentioned in this post, if you think there are other coins too, which can be considered for investment in 2019; then please leave your valuable suggestions in the comment section below. Finally, your feedback means everything to us.