Cryptocurrencies to consider for investing
If you really want to know which cryptocurrency to invest in for the long term, you are best off doing your own research. That way you will be more likely to find overlooked opportunities with more upside. By the time an asset is being discussed in the media, most of the gains have already been made.
Some of the very large and liquid cryptocurrencies are suitable for both investing and trading.
Bitcoin is the most established cryptocurrency and is used as both a store of value and as a medium of exchange. It has a fast-mover advantage and is the most widely traded and used crypto asset and may, therefore, have the best chance of retaining and growing in value.
The team behind Bitcoin Cash is working hard to establish the coin as the best digital coin to be used for smaller everyday transactions. It’s also the 4th most valuable crypto asset which gives it a head start versus other coins trying to compete in the same space.
EOS is a platform token used to power an ecosystem of decentralised applications. What sets this token apart is that the team raised $5 billion when it was launched, and this cash is being used to build out the ecosystem.
Smaller cryptocurrencies worth considering as investments are those building very unique solutions to real-world problems. Augur is a protocol used to build prediction markets that can operate without a centralised authority. Anyone verifying results needs to stake Reputation tokens, which they also earn as a reward. Civic is an identity management and verification service which makes it easier to verify the identity of a person. Finally, VeChain is a blockchain system designed to improve supply chains by allowing IoT devices to be connected to a blockchain.