The crypto community has been abuzz over the recent happenings. This week alone, the top cryptocurrency exchange, Binance was hacked and the hackers made away with 7,000 worth of bitcoins. This news didn’t seem to affect the recent bull market. Many top analysts believe that the rally is not stopping any time soon. In fact, they believe that alt season is upon us. From data gathered from Q1, it is clear that several altcoins have doubled in valued and it is a clear indication that alt season is upon us indeed. What are some top performing altcoins with excellent track records? One of them could be the best cryptocurrency to invest in 2019.
Best Crypto 2019 – Best Cryptocurrency to Invest 2019
As bitcoin price surges, it takes many altcoins with it. However, too much volatility or excess price surges may not affect the altcoins positively. One cryptoanalyst, the famous Crypto Dog, has predicted that the bull market is here to stay.
Several other analysts follow his line of thought and since he predicted, bitcoin price has spiked. The recent hack of Binance was not strong enough to stop its bullish momentum as well.
Top performing altcoins – What is the Best Crypto 2019?
When considering the best cryptocurrency to invest in 2019, it is best to look at the coin’s potential for growth as well as its working product. These factors can ensure that it is always relevant and would grow steadily until it gains adoption by the masses.
Stellar can be considered as the best crypto 2019 because it offers quick and affordable cross border payment services. It is often compared to Ripple in this regard. However, the difference is that Ripple focuses on institutions while Stellar targets unbanked individuals. Users can avoid paying high fees and the network doesn’t use proof of work verification. This prevents energy consumption problems that Bitcoin suffers. The network has partnered with top tech companies such as IBM and this gives it a strong hold in the industry. It is one of the best cryptocurrency to invest in 2019.
Cardano is the next consideration for the best crypto 2019. This is because it is a smart contract platform. It has a different goal from most other networks. This goal is to balance the demands of regulators with the needs of the users of the network. It has a strong community and a history of partnerships that can solidify its position in the industry. Recently, it entered an agreement with the government of Ethiopian to bring crypto payments to the people.
Litecoin comes to mind when picking the best crypto 2019. This bitcoin alternative was founded to fix the shortcomings of bitcoin. One notable factor that makes it attractive is the fact that the total supply of Litecoin is 81 million while Bitcoin is only 21 million. The mining time as well is significantly faster than bitcoins at 2.5 minutes. It has seen considerable growth during this first quarter even if there were a few setbacks. It seems to be on an onward path and is definitely one of the best cryptocurrencies to invest in 2019.
XRP is one of the promising cryptos of 2019. It has the third largest market cap and has seen a lot of growth in recent times. Its parent company, Ripple, caters to large institutions and offers financial services for banks. It holds a record for partnering with several institutions and more people are planning to adopt its protocol. The XRP SEC saga is still on, but it hasn’t stopped the token from thriving. It is surely one to look out for in this second quarter of the year.
These coins have proven to be the top performing tokens of the first quarter. As alt season commences, they may be excellent coins to invest in. Follow price trends of these coins to determine the best cryptocurrency to invest in 2019.