What is the Best Cryptocurrency To Invest in Right Know?steemCreated with Sketch.

in #bitcoin7 years ago

It is actually very difficult to say which cryptocurrency is the best for an investment.

There are different strategies that you can use for a long term investment and the first one is to invest on the top 10 cryptocurrencies by Market Cap.

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It is wise not to only invest in one cryptocurrency, but to diversify so your winnings can make up for your loses.

A second strategy is to invest in cryptocurrencies that are still under $1 per coin, in the hope that they will gain in value in the future.

Here too, you need to diversify and do your homework researching the team behind the cryptocurrency and what is special about it. You certainly don’t want to invest in something that is just there to speculate and don’t offer something different like technical improvements over another coin.

In Another Perspective, you may consider this as:
This is the question everyone wants the answer to, what is the best cryptocurrency to invest in right now.

There is a multitude of cryptocurrencies and alternative coins or “alt-coins” to invest in. There are over 1,300 alt-coins and tokens at the moment, all having their own unique features and promises. Market cap is a big indication of predicting future prices and valuations, as well as a couple of other things. Lets take a look.

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So what should you be looking for before purchasing and investing into cryptocurrencies? The main things to consider and look at are market cap, daily trading volume, retailer acceptance, and their verification methods.

Happy Investing, i found litcoin and ripple as a growing market cap in the business of Digital Currency.

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