Although we are still in the first quarter of 2019, yet trends of most cryptocurrencies have already been bright enough to be optimistic about the cryptocurrency market this year. Many believe 2019 will be a year the cryptocurrency market will see a transformation from a bearish to a bullish one.
People used to study the market trends and happenings to influence their investment choices but have now made a turn to consider only long term cryptocurrencies in the market. Therefore, let’s take a look at the top 5 cryptocurrencies to hold for 2019 and beyond.
January this year marked 10 years since Bitcoin was created and it is the leading cryptocurrency to consider investing for the long-term in 2019. Bitcoin has held the 1st spot as the larger cryptocurrency till now and currently has a market cap of $68,746,469,497 and priced at about $3909 at press time.
A lot of cryptocurrency analysts and experts have predicted good fortune ahead of Bitcoin, however, looking at the cryptocurrency’s potential as major institutions adopt it, and as it is planning new development with a halving in mind in 2020, Bitcoin surely is one of the top coins to invest and hold in 2019 and beyond.
Ethereum is one of the most promising cryptocurrencies among this list. Ethereum now holds the 2nd spot as the larger cryptocurrency and currently has a market cap of $14,046,595,198 and presently priced at about $134.
Initially Released On 30th Of July 2015, Ethereum has a lot of large blockchain companies investing in it with over 200 institutions in different industries that are testing out a version of the cryptocurrency’s blockchain. Among enterprise clients, Ethereum seems to be the best choice when it comes to integrating smart contract protocol into its blockchain.
XRP recently lost the 2nd position it took from the Ethereum, yet now holds the 3rd spot as the larger cryptocurrency and currently has a market cap of $12,867,720,805 and priced at about $0.31.
Ripple’s XRP is a personal favorite, and it is the hottest choices for banks and financial institutions going into blockchain. XRP is helping as a future mediator to make transaction-processing times and global partnership faster. This and many more features in place make XRP a good investment for the long term.
LTC is the most interesting coin among this list, and it is one of the best cryptocurrency to invest for the long term. Litecoin now holds the 4th spot as the larger cryptocurrency and currently has a market cap of $3,456,943,850 and priced at about $56 at press time. Litecoin is aimed to become the next shared payment facilitator, and with a captivating faster block-processing rate for miners, the coin has a more decentralized proof-of-work algorithm than Bitcoin. In general, many are optimistic about Litecoin as the price keeps rising and as there are many developments to be seen in 2019. Therefore Litecoin should be a coin to consider for a long-term.
As the official coin for one of the best trading sites, Binance Coin (BNB) is being watched and followed by many investors. With Binance Coin, an investor doesn’t only gain from the rise in trading volumes but also from transaction fees on Binance making it possible to receive a massive discount of about 50% in an annual use, which are paid in Binance Coin as contrasted with Bitcoin.
Binance is set to launch a decentralized exchange called Binance DEX, and it would be found on all platforms. Binance Coin is an excellent coin, and it has the potential of being one the best for a long term investment.