In today’s modern world, everything is digital. Most of the works that you do are online. There are very few things in this world today that are not dependent on computers and the internet every day. No matter what the task at hand is, we look up to the internet to find easy and efficient ways to do it. In other words, the internet has changed and revolutionized the way we work. One more thing that is changing the world is cryptocurrency. If you are planning to invest in the digital economy, you have reached the right place. It is because today, we shall be talking about the best cryptocurrencies to invest in 2019.
When we are talking about digital currencies, many alternatives have different market shares and values. But, which is the right one for you and which is the one that you should go after? Let us help you decide that with our comparison of cryptocurrencies. Read on to know more.
Best Cryptocurrencies To Invest – How’s The Market?
Before you invest in any form of digital currency, you must know how the market is trending and what the chances of you making any profit are. So, let us have a look at the market first. The Bitcoin was first introduced in the year 2009, around a decade back. However, the actual growth of the currency began only after 2013, when people came to know about its existence.
Ever since then, the world of cryptocurrencies has grown exponentially. In the year 2017 alone, the value increased by as much as 4000%. That’s massive by any consideration. In March 2017, the cryptocurrency had a market of US$21 billion. As compared to that, now, it is valued at over US$450 billion! So, if you are looking at it this way, there is no wrong time to invest in cryptocurrencies because they are here to stay! Now, let us discuss some of the best digital currencies.
Best Cryptocurrencies To Invest – Bitcoin (BTC)
If you know about cryptocurrency today, most probably, the reason is Bitcoin. It is the one that gave identity to cryptocurrencies and also the basis for its existence. It is the first and oldest cryptocurrency in the world. Among the several digital currencies, this particular one dominates the market undisputedly with over 40% market share.
Its value rose exponentially in the year 2013 and more than that, in the year 2017. Though it might have had its highs and lows, you cannot deny that it is one of the best currencies to invest in. If you are looking to invest in Bitcoin, you cannot go wrong. Go ahead!
If Bitcoin is too mainstream for you, you have another option in terms of Ethereum. It has a market cap of over US$70 billion and is the second most popular cryptocurrency after Bitcoin. It had its highest market cap on January 4, 2019, when it peaked at US$138 billion. If you are looking at an alternative to Bitcoin, you can safely invest in Ethereum.
Ripple has been creating ripples in the market. It was among the best performing cryptocurrencies in the year 2017, when it witnessed a growth of a massive 36000%. As compared to the other two currencies, it might be smaller but has enormous potential to grow as well. This reason is enough to serve as an alternative to Bitcoin and Ethereum.