The Cryptocurrency market has not been stable for the past few weeks, we’ve seen uprise and downfalls in the crypto market yet some of them proved steadiness, stability and solidity. Top crypto investors have been given long and short-term predictions for cryptos such as Bitcoin, Ethereum, Ethereum Classic and the rest of them, however, their predictions might be incredibly disappointing thereby posing questions like; ‘Should I invest in cryptocurrency?.
This is a guide on how to invest in digital currency and it will show you which cryptocurrency to invest in. However, before we get to that, it is important to understand the concept of investing in cryptocurrency.
Before you invest you need to understand and outline your plans, Talk to an expert about it and then begin work on achieving it. Like Stocks, Gold and other investable assets, the decision of investing in cryptocurrency should be well-evaluated and not rushed into, because you are responsible for your losses and you also get to enjoy your profit.
Cryptocurrency Market Review
Starting with Bitcoin in 2009, followed by Litecoin and Ethereum in 2011 and 2015 respectively, the latter intensely challenged Bitcoin for a share in the crypto market. We have also had about 3,000 new crypto coins in the market with each of them claiming that they’re the next best thing after Bitcoin. Unfortunately, many of these coins go extinct before they even launch.
1 Monero (XMR)
This currency is tipped to become one of the best cryptocurrencies to invest in by 2018. It is one of those currencies with immense potential which is yet to materialize. What makes it so ideal is that it is very private and secure. Unlike conventional forms of completing transactions, Monero uses a ring signature. If you like unique, this should be a great cryptocurrency to invest in.
2 Dash (DASH)
Digital Cash Alias ‘Dash’ is one of the top five cryptocurrencies to invest in, here’s why. The market capitalization is at $2.1 bln even though they just kicked off in 2015. Within this short while, they have consistently handled about $100 million worth of transactions daily. Why do they enjoy such volume? They are trustworthy, secure, and safe to use.