The future of the financial market is never entirely certain, but the signs are strongly pointing towards cryptos leading the ranks in the years to come. Before 2018, the performance of cryptocurrencies was debatable and, besides the trendsetting Bitcoin, not much was known, and, frankly, little was expected from any other digital currency.
Despite that, the opportunities offered by the best cryptocurrencies are endless. The guarantee of security, safety, and speed means it offers something that the standard fiat networks have consistently failed to do – a complete package. As an investor, such information is enough to get your hands itching to make the next best investment. But, in which crypto should you invest? Below are some of the coins that are slowly building up to become the top valued cryptos.
Ethereum takes the number one spot as the most likely to break the crypto ranks in the future. Prominent features of this coin are the ability to enable Smart Contracts and Decentralized Applications (Dapps), which are built to operate without third-party interference. There is an increasing demand for its blockchain and functions, following the successful response to the network’s pre-sale for Ether back in 2014. With the ability to codify, decentralize, secure and trade practically anything, Ethereum is looking to surpass Bitcoin very soon.
Since its launch in 2011, Litecoin has remained subpar to Bitcoin, and it is commonly tagged the “silver to Bitcoin’s gold.” However, Litecoin is quickly gaining ground as a top coin because it offers one of the fastest cryptocurrency processing times among similar blockchain networks. Speedier block generation and optimized transaction confirmation make it the perfect payment method for goods and services online.
With a growing market capitalization and a circulating supply of 43 billion coins, Ripple has gained favor among banks and financial institutions. Since 2012, it has enabled banks to facilitate international payments, and this strong backing could help it become the payment standard it aims to be. The main appeal of XRP is that it offers instant and low-cost cross border transactions.
There couldn’t be a more worthy potential investment. Chainlink was first developed in 2017 to become a virtual bridge between the blockchain and real-world applications. It can create a “link” between all data providers employing smart technology. There are currently over 350 million LINKs circulating in the US, with a total value of almost one billion dollars.
As the blockchain technology evolves, so does the potential for the most advanced crypto features like the Dapps offered by Ethereum. The world’s first Dapps infrastructure appeared on the Apollo blockchain, which hosts both APL and GSX coins. Apollo currency was also the first of its kind to implement database level sharding for indefinite stability. Not to mention, it is the fastest cryptocurrency at sub-seconds to 2 seconds for each transaction. Gold Secured Currency is hosted on the same blockchain and is equally as high-tech as its sister crypto. Backed by gold and gold-rich lands which fund yearly dividends paid out to investors, GSX can be redeemed for its gold value. APL is available at one of the best crypto exchange platforms, BitMart.com, and GSX is currently on a pre-sale offer at a 50% bonus for early investors.
One thing is sure—digital assets are a potentially significant investment. Some factors regarding these digital assets are out of your control, like the volatility of cryptocurrencies. However, making a successful investment depends very much on having good knowledge and a bit of foresight, and cryptos are especially beneficial as long term investments.