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What is the best cryptocurrency to invest in right now?

Discussion in 'General Discussion' started by rroxkiss, Jul 16, 2018.

  1. rroxkiss

    rroxkiss Beginner

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    The world of cryptocurrency has always revolved around Bitcoin until recently,
    when virtual currencies has served a very important purpose in the investment
    realm and people start flocking to cryptocurrencies as compared to fiat
    currencies.

    Believe it or not, aside from Bitcoin, there are over 800 cryptocurrencies!

    The 5 cryptocurrencies in my opinon are:

    1. Bitcoin

    2. Ethereum

    3. Litecoin

    4. Monero

    5. Ripple

    Firstly, is Bitcoin.

    This is the first ever cryptocurrency invented and remains by far the most
    sought after cryptocurrency to date.

    One major advantage that it has over other crypotcurrencies is bitcoins are
    impossible to counterfeit or inflate. The reason being there are only 21 million
    bitcoins created for mining, no more no less.

    The second most popular currency is Ethereum.

    This digital currency launched in 2015 is predicted to surpass Bitcoin and may be the cryptocurrency of the future.

    What are the most obvious benefits of Ethereum?

    Firstly, a third party cannot make any changes to the data. The system is also
    tamper and corruption proof.

    Secondly, just like Bitcoin, Ethereum is backed up by secure cryptography.
    Therefore, the applications are well protected against any form of hacking.

    Third in the list is Litecoin.

    The main reason of Litecoin’s creation is to make up what Bitcoin lacked. The
    main difference between Litecoin and Bitcoin is the 2.5 minute time to
    generate a block for Litecoin, as opposed to Bitcoin’s 10 minutes.

    One of the biggest advantages that Litecoin possesses is it can handle a higher
    volume of transactions thanks to its algorithm. The faster block time also
    prevents double spending attacks.

    The fourth currency is Monero.

    This digital currency was launched in 2014 and it’s main goal was to create an
    algorithm to add the privacy features that is missing in Bitcoin. Monero
    invented a system known as the “ring signatures” to conceal the identity of its
    senders and recipients.

    Apart from ring signatures, Monero also improved its privacy settings by using
    “Stealth Addresses”, which are randomly generated, one time addresses.

    Monero has received the acceptance of multiple dark web marketplaces and
    has generated its own fan base due to its privacy settings. Therefore, it is less
    speculative as compared to other digital currencies and traders purchase
    Monero as a hedge for other cryptocurrencies

    Last but not least is Ripple.

    Ripple is actually a technology that has a dual function; as a digital currency as
    well as a digital payment network for financial transactions.

    The nature of Ripple’s network and its systems exposes its users to certain
    risks. But Ripple does improve some features of traditional banks. Namely,
    transactions are completed within seconds on a Ripple network even though
    the system handles millions of transactions frequently.

    Conclusion:

    Like most things tech, the realm of cryptocurrency can be a bit complex to master and is still new to many. But the advantage of purchasing this currency is surely worth your investment in both time and money.
     
  2. adamsdavid

    adamsdavid Contributor

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    I think it is pretty much understood that Bitcoin is amongst the most popular choice. But we must be extremely careful with our choice and try to have things divided in multiple options.

    I like multiple options and in order to work right, I follow the latest news and updates which is must to follow. Mostly, the situation is running around China with ever increasing rules and regulation related to Crypto trading, so a lot to look forward to things in coming days!
     
  3. cryptodemystified

    cryptodemystified Contributor

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    My views are different.
    Low volume altcoins are better than top10 CMC.

    1. ELA
    Cap: 100m
    Daily Volume: 6m on Huobi

    2. POA
    Cap: 45m
    Daily Volume: 1.8m on Binance

    3. BLZ
    Cap: 65m
    Daily Volume: 10m on Binance

    4. RCN
    Cap: 25m
    Daily Volume: 1m on Huobi

    5. MAN
    Cap: 70m
    Daily Volume: 16m on Huobi.

    #DOYR
     
    Last edited: Jul 19, 2018
  4. arousha

    arousha Contributor

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    Best Cryptocurrency to Invest 2018: Bitcoin (BTC)
    If somehow, you’ve only heard of one cryptocurrency, it’s probably Bitcoin. It is the biggest cryptocurrency — it currently has a 40%i share in the total cryptocurrency market cap! It is the oldest cryptocurrency and it still dominates in the market. So, if Bitcoin continues to increase like it did in 2017, then investing in Bitcoin might be a good idea for 2018.
     
  5. Cryptocurrency UK

    Cryptocurrency UK Contributor

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    interesting list - *goes to do some investigation*
     
  6. Gabilan88

    Gabilan88 Contributor

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    I think this question has been asked many times. You can invest in any projects which you think better and know better. It's your turn and you know better what to do. But there have some good referable coin like- litcoin, bitcoin, BTC, PTC, altcoin, SciDex. Those are good and has durability.
     
  7. yocoin1

    yocoin1 Beginner

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    Yocoin is listed in four exchanges such as Livecoin , OOOBTC, Stocks.Exchange , BTC-Alpha.

    Maximum supply is 336,000,000 YOC , its circulating supply is 112,194,700 YOC , Total supply comes to 171,704,700 YOC.

    Yocoins volume in 24h is $100,644 USD and 13.70 BTC.


    We invite all traders to come & trade Yocoin on all the above exchanges.
     
  8. Gabilan88

    Gabilan88 Contributor

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    That's great info so far. Glad to know about it. Anyways don't forget to take a look at SciDex.
     
  9. barbara54

    barbara54 Contributor

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    i guess LIZA. but everyone can invest and get profit by using manual bots which help to trade. i use Bibitbot and its greatly helps me on dum and pump even with LIZA
     
  10. MoonWalk

    MoonWalk Scholar

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    CasinoCoin- CSC is a good project that is up and coming..
     

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