Everyone is eager to find out which is the best cryptocurrency to invest in 2019, to solve this problem I have listed the following cryptocurrency in this article on the basis of news, historical price, product performance, team and return on investment generated from the start till now.
Before Investing please remember that Investing in cryptocurrency is risky, always diversify your portfolio, do your own research before investing and never believe in what others recommend.
I am not a financial advisor and the article represents my personal opinion about the following cryptocurrency. I have selected the most risk-free 4 best cryptocurrencies to invest from my list.
You can diversify your investments into each one of them equally or you can use the 1:3 ratio, where 1 means the major and 3 means minor. For example, if you invest $100 in a 1:3 ratio it will be $50×1 and $16.6×3.
Best Cryptocurrency to invest:
Bitcoin is the first cryptocurrency(digital currency) that was invented by Satoshi Nakamoto in the year 2009. The idea was to create a peer-to-peer payment network removing a centralized authority.
Sadly, from 2011 till now it is known more as an asset than a payment network. Bitcoin became popular in 2017 when it reached an all-time high price of 17k.
In 2020 Bitcoin is again predicted to set a new all-time high(if history repeats) because of Halving.
I do not think I need to explain the team members for Bitcoin.
The first halving happened in 2012 and then every 4 years. In 2012 after the first halving at every 10 minutes 50 new Bitcoins were issued. In 2016 it went down to 25 and in 2020 it will be 12.5.
Thus, halving in simple terms means a reduction in the supply of Bitcoin but, demand increases. This results in a price increase as indicated below.
- Bitcoin Price first halving – $12
- Bitcoin price second halving – $658 (Which is 58 times increase in the price)
- Bitcoin price as of now – $9293
- Bitcoin price predicted before/after third halving – $538994 (Which is 58 times the current price)
The return on investment from day 1 till date is 6,770.23%
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Ethereum went live in July of 2015 and after that date, there is no turning back. Co-founded by Vitalik Buterin it is a ledger technology that is being used by many big companies to build other programs also known as dApps.
Some of the most commonly used ethereum based dApps are Idex.market, MakerDAO, My Crypto Heros and etc.
- Vitalik Buterin. Founder and Inventor.
- Mihai Alisie. Founder.
Post-2017 Ethereum lost more than 84% of its price value. While writing this article the price of 1ETH is $189.00. Both Bitcoin and Ethereum have got the highest market cap.
Therefore if the price of Bitcoin rises then the price of Ethereum will also rise. Assuming Bitcoin reaches a new all-time high before 2020 halving then you can expect Ehtereum to do the same.
The return on investment from day 1 till date is 6,644.43%
Binance coin is a utility token of the world’s biggest cryptocurrency exchange Binance. It is used for paying service charges and fees on the exchange.
- Changpeng Zhao – Founder
As Binance coin is a utility token of Binance exchange, its performance depends on the performance of the Binance exchange. Which I think has been on the upwards after the successful launch of Binance Blockchain, Binance Launchpad, and Binance Dex.
Ranked within the top 10 cryptocurrencies on CMC the price of 1 BNB is at $20.00 while writing this article. It is predicted to reach $100 when the next Bull run comes.
The return on investment from day 1 till date is more than 9000%
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Using the Ethereum Blockchain until there own mainnet is launched, Chainlink is a blockchain project that will act as a bridge between Financial services as well as the institution and blockchains like Bitcoin, Ethereum and others.
- Sergey Nazarov – CEO
- Steve Ellis – CTO
Ranked as 16th on CMC, It has partnered with some of the big names in the Industry like Oracle, SWIFT, Binance and others. While writing this article 1 LINK is at $2.69 and it is predicted to go beyond $10.00 before the launch of its mainnet.
The return on investment from day 1 till date is 1,619.88%.
In the end, I would like to that Investing in cryptocurrency is always beneficial when invested in the long term. Always invest what you can spare to lose.
Invest every month rather than investing in all in one go, this will help you to take a position at a different price level.
I hope you enjoyed reading this article and have decided which is the best cryptocurrency to invest before this year ends. Thanks for reading.