It’s important to recognize which trends are affecting the crypto market so that traders can invest wisely. It can also help you to identify which is the best cryptocurrency to invest in for 2019.
Last year the cryptocurrency market fluctuated with prices dropping. However, it appears that 2019 is the year when the market may turn from a bear to a bull market, making it a great investment opportunity.
To help you see what are the best cryptocurrency to invest in for 2019. We have looked at the top digital currencies and the trends affecting them this year. Let’s get started.
BITCOIN – Cryptocurrency Invest Outlook for 2019
It goes without saying that Bitcoin remains the number one cryptocurrency in the world. It also remains the most valuable crypto coin.
Amongst investors, it remains the most traded cryptocurrency and is accepted as a payment method by a growing number of retailers.
In 2018, it reached its 10th anniversary, quite an achievement for the first ever digital currency.
Yet, 2018 did see fluctuations in the Bitcoin price due to market volatility. Many traders were worried that the price would continue to drop below $2000. So many people were relieved to see the Bitcoin price recover in 2019.
In fact at the start of 2019 one Bitcoin was worth $3,923, now in May one costs $7,924,69. A very impressive price growth.
The main reasons for this price recovery can be credited to a few ongoing trends. The main one being that investors are continuing to embrace blockchain technology & cryptocurrency.
Another possible reason was retail investors believing it to be a great time to invest and buy Bitcoin. With the amount of retailers accepting Bitcoin as a payment method increasing, it’s clear that partnerships are forming.
Many large global retailers such as Amazon, Walmart and British Airways all plan to have Bitcoin payment systems online by the end of 2019. This is a very exciting move forward for crypto adoption in retail.
One person who has great confidence in the growth of Bitcoin is John McAfee. He is the founder of the McAfee anti-virus software, and also a crypto maestro. He has stated his belief that Bitcoin will reach “$1 million by the end of 2020.”
It’ll be interesting to see if McAfee’s prediction becomes reality, but Bitcoin’s future does look promising. Especially combined with the predicted mass adoption of blockchain technology around the world, plus the increase in the coin’s price.
2019 is likely to be a good year for Bitcoin and still a good option for traders to invest in.
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ETHEREUM – Cryptocurrency Invest Outlook for 2019
Although not as old as Bitcoin, having been only founded five years ago in 2015, Ethereum is still a leading crypto.
That’s why Ethereum in terms of market cap it remains the second most popular cryptocurrency. Traders can invest in its crypto coins which are known as Ether.
The main attraction of Ethereum is that it’s not just a crypto, its also known for its blockchain technology. Their ongoing blockchain development has attracted a lot of interest from major companies.
To support the development, the Enterprise Ethereum Alliance (EEA) was launched in 2017. This alliance includes over 150 important companies such as Samsung, Deloitte and MasterCard. They are all testing out forms of Ethereum’s blockchain technology within their companies.
For example, EEA participants are able to customise their own exclusive form of Ethereum blockchain. This could be used to improve payment methods or supply tracking via smart contracts.
However, what does this mean for investors? Is Ethereum still the best cryptocurrency to invest in for 2019?
It appears that like Bitcoin, Ethereum should also experience an increase in the Ether coin price. This is mainly due to the increasing use of crypto by traders and companies.
The fact that Ethereum is better known for offering smart contracts besides just cryptocurrency is an advantage. Bitcoin cannot offer smart contracts, so companies are likely to use Ethereum for development. This company investment is likely to cause a rise in price.
2019 will be a year of continued growth for Ethereum. It’ll also be able to solidify further its position as the second most valued cryptocurrency globally.
EOS – Cryptocurrency Invest Outlook for 2019
Since the first EOS crypto coins launched in June 2017, EOS has been noticed by traders more.
EOS has become known for its technologically advanced blockchain and super fast transactions. Like Ethereum, EOS is also a blockchain and a cryptocurrency. So in order to use the EOS blockchain, a trader must own EOS crypto coins first.
As of May 2019, one EOS coin is trading for $6,30. This is an increase from the low price of $2,57 at the start of January 2019.
However, it’s important to look at some of the main events that are affecting EOS currently. This will help us to see if the coins value will continue to grow.
Generally, EOS has shown great potential in both its cryptocurrency and blockchain. Its main strength is that the EOS blockchain is able to process millions of transactions per second, which is faster and more technologically advanced than either Bitcoin or Ethereum.
Another main aim of EOS is to enable simple usage of decentralized applications. They also want to remove and reduce user fees for crypto transactions. These benefits are all attractive to potential investors, but EOS still faces challenges.
Mainly the challenge of competing against Bitcoin and Ethereum in terms of the total trading users. It is currently the fifth most traded cryptocurrency in terms of market capitalization and it’ll be interesting to see if it can move up a place this year.
As for 2019, the price prediction for EOS is generally difficult to guess. Yet with the overall trend of continued global crypto adoption, the coin value should increase.
However, the increase is likely to be gradual and steady rather than a fast one.
RIPPLE – Cryptocurrency Invest Outlook for 2019
Ripple and their XRP crypto coin is the third most traded cryptocurrency globally. It also has great potential to becoming one of the leading cryptocurrencies in the next few years.
Besides crypto, Ripple also offers other blockchain products such as RippleNet and xRapid.
RippleNet is a bank to bank payment service which allows instant international payments to be made with very low transaction fees. It’s currently active in 40 countries worldwide.
Product wise, xRapid is more of a general settlement system. It uses XRP coins to settle payments either abroad or in the same country.
These blockchain products have made Ripple a popular cryptocurrency choice for investment from banking institutions. Especially as the XRP coin can be used in the neaer future by traders to complete fast, international payments.
For example, let’s say that a trader is making a payment in Euros and needs to send the payment to Canada. With Ripple’s blockchain, the Euros will be converted into XRP, and then from XRP to Canadian Dollars.
These blockchain products have made Ripple a popular choice for investment from banks. But what does this all mean in relation to XRP as a coin? Is it the best cryptocurrency to invest in?
Well, with all the global investment from financial companies, Ripple is the main cryptocurrency company to have many leading banks as clients. This means that investment money will flow into Ripple’s XRP coin.
This investment flow and company growth is a positive sign for traders to invest in XRP. As it’s all likely to boost the coins value in the future.
Plus the fact that the XRP cryptocurrency has a low price point currently is also interesting. Mainly because it could be the best crypto for investment as it allows the chance of a high investment return. Especially with such a low purchase price for investors.
Ripple could be an exciting opportunity for traders looking to invest without spending too much capital.
LITECOIN – Cryptocurrency Invest Outlook for 2019
The last in our list of the best cryptocurrency to invest in for 2019, is Litecoin.
It’s widely known as being ‘Bitcoin-Lite‘ due to its founder Charlie Lee wanting to create a ‘lighter form’ of Bitcoin.
So after development was completed, Litecoin was finally launched in 2011.
Whilst it helps to remember that Litecoin can be similar to Bitcoin, it also has many differences. The main difference is that it’s much faster than Bitcoin. Litecoin can complete transactions in about 2.5 minutes compared to the 10 minutes it takes with Bitcoin.
This makes Litecoin a popular cryptocurrency choice for traders who want to make speedy transactions.
The current price of one Litecoin is $90,22* which is an increase from the $31 price at the start of January 2019. This is a positive increase for the cryptocurrency, but is it still worth investing in Litecoin for 2019?
There are a few factors that might appeal to potential traders, the main one being that it has very low fees. It’s a good option for traders wanting to make cheaper transactions as there is a near zero transaction fee.
One other reason why it might be the best cryptocurrency to invest in is that compared to many other crypto coins, it has a fairly low market cap.
This is always a plus for investors, as tokens with a low market cap have high prospects for value growth.
It will be interesting to see if the Litecoin price increases to $100 towards the second half of 2019, but we believe that there’s still a lot of potential in this cryptocurrency.
It’s interesting to see that after all the market volatility of 2018, generally 2019 is faring a lot better for cryptocurrency prices.
Cryptocurrency coin prices have appeared to stabilise for 2019 which should be a positive sign for any potential investors. Although they may not have reached their peak of 2017, it’s a good outlook that the market appears to be turning to a bull one.
We’d always recommend that research is completed before you decide which is the best cryptocurrency to invest in for 2019. Traders should always carry out further research themselves on the cryptocurrency market before investing.
By conducting further research on the market & cryptocurrency trends you can make an educated guess on a coin’s performance. This also includes researching updates on blockchain technology and coin price movements.
Research can always assist you and other traders in feeling more secure about any potential investment.
It’ll be interesting to see what happens to the cryptocurrency market for the 2nd half of 2019. Keep yourself updated.
Note: *all coin prices were from the
date 22.05.19 and referenced on coinmarketcap