These are my top picks for cryptocurrencies to invest in right now!
Highly undervalued altcoin. It will soon partner Minecraft which will surely increase the price. It is also 5x more secure than bitcoin due to its use of 5 different hashing algorithms as opposed to one. Transaction speeds are also a lot faster. I expect Digibyte to reach $0.1-$0.2 by the end of the year.
The Steemit platform has great potential. This new-generation blockchain based social media platform rewards content creators and audiences by paying them. Reddit type layout combined with monetary incentives is sure to become successful, driving up the price of Steemit's coin, Steem.
Ripple is the technology enabling banks to perform worldwide transaction in a fraction of the time and cost using blockchain technology. XRP is the cryptocurrency behind this platform. Everytime a new bank adopts Ripple, XRP experiences an increase in price. I personally bought €200 worth of XRP in March and received 35000XRP which was worth around €14K last week. This is a 70x increase in a matter of weeks. I still believe this platform has great potential as more and more banks are starting to adopt it. This will increase the value of XRP in the long term. Another thing about Ripple is the fact that it is the only centralised crypto.
The key to large gains with cryptocurrencies is to keep them for long term. Try not to look at day to day or even week to week fluctuations but focus on keeping them and perhaps selling them long into the future.
Hope you guys get great profits!
Please share your own opinions/views and tell me which coins you're personally investing in!