10 Cryptocurrencies With High Growth Potentials For Investment
Since the evolution of blockchain as one of the most feasible technology, we now have countless options in the cryptocurrency list put our investment. Some of them are proving beyond expectation while some are just so disappointing.
Before you start thinking of investing, it is crucial first to understand their features and potential in the long run, following their move is also very much important.
Just like an investment in the real estate and other investments, you just can not rush into a decision in the crypto business.
For instance, let us consider Bitcoin, which is the most popular cryptocurrency. Even a layman have heard of Bitcoin, because of its impact in the limelight for quite some time now.
In 2017, Bitcoin surged upward, after which it fell so much low, totally beyond all imagination.
Now, it is struggling hard to raise even more. You should understand how to invest in cryptocurrencies.
Before you start taking crypto investment decisions, the questions below are necessary to be answered first.
- Are you planning to sell once the price reaches its peak?
- If your first answer is yes, do you want to sell it gradually or all at once?
- Is there any factor you think may affect your decision and you sell it off abruptly?
- What is the maximum amount of calculated loss which you can bear?
- How optimistic are you about really making good profits?
- Do you follow up the market news regularly? If you don’t, then you mustn’t invest.
Based on your answers, you should then figure out the kind of investment you want – whether a long-term investment or a short-term investment in cryptocurrencies.
Knowing which of the cryptocurrency to invest is also a challenging task for you, especially if you are not up to date on the flow and performance of the cryptos.
You can never be right if you make investment decisions based on just emotional judgments or intelligent guess.
There are several metrics out there that can be used to calculate the most potential currency to invest in.
Bitcoin and Ethereum are indeed the best cryptocurrencies to invest. But let us have a look at the ten new and emerging cryptocurrencies which seems to have outstanding potentials in them.
Top cryptocurrencies to invest in this year
Please note that the price of each of the crypto coin you find here are the trading price at the date this post was last updated.
1. Zcash (ZEC)
Though Zcash is predominantly new to the crypto market, it has already covered several grounds within such a short time.
The CEO, Zcash, is forward-thinking and ever planing towards the growth and expansion strategies.
As at now, Zcash has about 21 million coins in transactions.
Investment in Zcash is very much easy as you can enjoy the right level of anonymity and can quickly get the detailed report of all transactions you are carried out. Hence, this makes it one of the best cryptocurrencies to invest.
Zcash Price is Currently trading at $50.74
2. Dash (DASH)
Digital Dash is supposed to be included in the list of top cryptocurrency, especially when it comes to excellent investment opportunities.
Dash was created in 2015, the market capitalization hit $2,036,525,273 within this short period, it has consistently handled about $100 million worth of transactions daily, and they were all safe and secure.
Dash Price for today is about $90.15
3. Neo (NEO)
Two names come to our minds whenever we talk about blockchain – Vitalik Buterin and Da Hongei.
Vitalik Buterin is the creator of Ethereum, while Da Hongei is the creator of NEO coin.
NEO tech is underpinned by a Delegated Byzantine Fault Tolerant system, that adds sophistication to the entire system.
Its advanced proof of stake tech puts it among the best cryptocurrencies to invest in.
By now, I am sure you must have gotten a good idea of the cryptocurrencies which will be suitable for investment.
Just as I stated earlier, crypto investment is a risky process. Therefore, it should not be rushed.
Try to take your investment decisions logically.
NEO Price currently is $9.74
4. Cardano (ADA)
Cardano is the distributed computing platform that implements blockchain for the ADA coin.
As a decentralized platform, Cardano is an open-source cryptocurrency project.
Cardano is the first cryptocurrency platform, based on Haskell code, an industrial product which is used for mission-critical systems.
Cardano Price is currently at $0.049
5. Steem (STEEM)
Am sure you know of Steemit, the social media and blogging platforms. They have decided to venture into cryptocurrencies.
Activities like writing blog posts and comments will award some tokens to the writers.
The token can be used to pay for things on the platform. The platform is booming as more budding writers are showing interest in the platform.
Steam is currently sold at $0.18
6. Nem (NEM)
Nem seems so different from other cryptocurrencies because of two significant reasons.
First, you harvest instead of the mining as it is in other cryptocurrencies.
Second, The concept is proof-of-importance to determine who will harvest the next block.
NEM transactions will take about 6 seconds to show up and another 20 seconds to confirm.
NEM is highly scalable that it takes about 3000 tx/s where BTC is down at 4 tx/s.
Another great thing about the NEM is that the transaction cost is ultra-low, it’s around .01% fee.
Finally, NEM uses just 100x less power than BTC to run a harvest or node.
NEM Price is currently $0.06
7. Tron (TRX)
In spite of its periodical increase, Tron is still attracting more investors. The reason for this is that most of the investors have observed its future potential.
Buying when it is low is the holy grail in cryptocurrency bible.
Tron is set on a decentralized platform, which is very fast, secured transactions can be made using this currency.
The main objective is to promote and support the entertainment industry, which will enable all the users to upload and download different types of media without the intervention of any third parties such as; Google Play Store and other middlemen parties.
TRON Price is currently at $0.018
8. Binance Coin (BNB)
Binance is not just the world’s largest cryptocurrency exchange only – it’s also the name of a coin.
BNB falls among the top 30 cryptocurrencies in the world base on market capitalization.
Binance liquidity is high, and it is one of the assets which is superior trading of cryptocurrency.
BNB gives amazing prospects in the long run as it increases at times of turmoil.
Binance Coin Price currently is $26.19
9. 0x (ZRX)
Ox is one of the most trending cryptocurrencies that is getting lots of attention from traders and investors.
The Ox is a decentralized exchange of ERC20 tokens, and the users directly place their orders easily from their Ethereum wallets.
The platform allows much more liquidity as compared to most other cryptos. Therefore, anyone using the protocol can access orders from anyone else.
ZRX was in the news then when Coinbase announced to list its first ERC-20 token on their platform.
Ox Price is currently $0.19
10. Ontology (ONT)
ONT is a high-performance multi-chain that is focused on the creation of interoperable blockchain network.
Ontology looks forward to a successful road-map for the rest of this year.
It’s meteoric which rise the market capital makes it more interesting to watch their net launch and every other development play out in the third quarter.
Ontology current Price is $0.79