Which is the best cryptoccurrency to invest?

There are quite a lot of cryptocurrencies that are available out there. And as an investor, you should never put all your money in a single cryptocurrency. Why? Because the price of the crypto coins fluctuates a lot. As a result, any coin can down anytime, and you would face a huge loss.

And in case if you think which is the best cryptocurrency to invest, then let me just talk about a few coins that you can invest in for the future returns.

So here we go:

Which is the best cryptoccurrency to invest?

1. Bitcoin

First of all, I have the Bitcoin, and it is one of the most promising cryptocurrencies that you can invest in. Even, according to experts, Bitcoin is the only cryptocurrency which will be profitable in the long run. Of course, over time, the coin has a lot of drawbacks and jumps. But the truth is that the coin is growing continuously and it will grow further in the future.

2. Ethereum      

You can also think of investing in Ethereum. It is the second most popular cryptocurrency available out there. Ethereum is based on a popular dApp processing platform. According to the live price tracker, the coin currently costs about 147.49 USD. And according to experts, the price will go even higher than what it is today. Also, there are a lot of developments happening around Ethereum, so yes, there is a high chance that the price will go up.

3. Litecoin

Next, there is the Litecoin. This one is way cheaper compared to Bitcoin and Ethereum. And it does not reflect the market potential of Bitcoin and Ethereum. And this is the reason why some experts believe that it is a great coin to invest it. Along with that, it has the potential to become a global transaction network.

4. Ripple

You can also think of investing in Ripple. Ripple has a high potential for growth in the future. As well as the coin is pretty cheaper. As you probably know that Ripple is trying its best to become the official solution for the banking infrastructure. And if Ripple completes their goal, the price for Ripple would skyrocket. Even, Ripple has already started to work with some of the major banks worldwide.

5. NEO

In the end, I have the NEO. This one is also pretty cheap, and as of now it is priced at $8.94 USD. Talking about the coin, well, it has a huge potential for future growth. As well as the Chinese government is thinking of adopting the NEO infrastructure. And if that happens, the price may go higher.

Final Words:

So that was the answer to your which is the best cryptocurrency to invest. Also, before you invest in any cryptocurrency, make sure to read about the price prediction. So you can have a clear idea. Also, if there is anything you would like to ask, then do feel free to comment below.

Why bitcoin is the future of money?

Wondering if bitcoin is the future of money or not? If yes, then read on. There are quite a lot of experts who believe that Bitcoin is the future of money only. And there are quite a lot of reasons behind this.

The idea of bitcoin is really something that needs to be applied to the banking system. As well as it can work as a universal payment system. Hence, people are hopeful about it. However, in this article, I will be answering the Why bitcoin is the future of money question.

So let’s just head into the topic without wasting much of the time:

Why bitcoin is the future of money?

First of all, if you are not sure what Bitcoin is. There is a high chance that you are only one of the few persons in this world who does not know about Bitcoin.

However, let me break it down for you. Back in 2009, Bitcoin was first introduced, and it works as an online payment system. In other words, you can say that Bitcoin is a peer to peer digital or cryptocurrency that does not operate with a central repository. It is also the largest cryptocurrency in terms of market value. And as of now, the coin has a value of $7,546.6700 for each coin.

And over time, Bitcoin has emerged as economies across the world. And as a result, people have started to lose their trust in the current banking model. Institutions which existed for a long time have changed very little throughout the lifetime.

And because of the lack of trust and the similar way of running, the banking system allowed Bitcoin to survive. Bitcoin found the opportunity to take power out of the institutions and provide a better service. And the people have responded.

And the best part of Bitcoin is that it operates universally. It means that for the first time, there is a possibility of a global currency. And with a truly international currency possibility for global economic growth, and social equality are endless.

However, as of now, New York is currently debating how they should regulate Bitcoin. The decision that New York comes to maybe influential globally because of the financial power that New York has. And so far, the decision is to require a license for Bitcoin mining.

And this would limit the amount of Bitcoin activity almost immediately. On the other hand, Russia’s bitcoin movement is a little more intense. Russia has outwardly opposed the use of Bitcoin since the beginning of this year.  And the country also has warned its citizens that anyone who is going to use Bitcoin maybe promoting illegal activities. Also, Russia is in the middle of drafting a bill that would not only ban Bitcoin. But it will also ban any activity related to bitcoin.

So overall, the future seems bright for Bitcoin. However, it also depends on the government and how they are going to regulate it.