Best Cryptocurrency to Invest (2024 Update) – Our Top 4 Picks

With another “Crypto Winter” come and gone, and a new Crypto bull market ramping up, we decided to do an update to our Best Cryptocurrency to Invest Guide. Do you want to know what the best cryptocurrency to invest for 2024 is? Knowing which blockchain technology to invest in might prove to be a hard task. With hundreds of cryptocurrencies to invest in, where do you begin?

With more cryptocurrencies than ever on the marketplace, it can be overwhelming and confusing when you first start to look for the best cryptocurrency to buy right now, but we’re here to make it easier for you. Luckily for you, we have used several factors before picking the best cryptocurrency to invest in. First, before you start investing in crypto, it’s important to develop a successful crypto trading strategy.

So, are you looking for the next big thing and for a new cryptocurrency investment? Maybe you find yourself thinking “Should I invest in Bitcoin?” or “Should I invest in Ripple?”

Here is our guide for the most promising, best cryptocurrencies to invest in for 2024.

Best Cryptocurrency to Invest (2024 Update)

Just like there were the best penny cryptocurrencies to invest, there are tons of great opportunities in Large and Mid-cap crypto coins as well. That means there’s still a chance to make a ton of money, but you just need to know where to put it.

Last time we updated this article, based on Coinmarketcap stats there were over 2120 different cryptocurrencies. Today, there are over 9000!!! The market cap of all cryptocurrencies then was over $112 billion, now the total market cap of all coins is $2.59 Trillion.

That’s just five years and the landscape has drastically changed. There are now 4 times more cryptocurrencies to choose from, and the market cap has grown by over 21X! That means the average crypto trader needs to be even more selective when choosing the right cryptocurrencies.

Best Cryptocurrency To Invest In
Best cryptocurrency 1

The cryptocurrency market has many altcoins and there are other best cryptocurrencies to invest beside Bitcoin. Many people believe the blockchain technology is the next big thing.

While it’s hard to predict the future, the fact that we have a secure and decentralized technology gives us strong reasons to be positive.

Moving forward we’re going to share what the best cryptocurrencies to buy right now are.

The digital coins we picked have a good chance of significantly outperforming the markets in 2019.

Let’s get started!

Best Cryptocurrency to Invest In 2019 Recap

If you checked out this article in 2019, way to go you’ve been a long time supporter of Trading Strategy Guides, and we want to thank you. You also probably made a lot of money if you took our recommendations, so congratulations! So let’s check out where we were at 5 years ago.

These cryptocurrencies that we thought we can made a strong case for investing. They were among the safest investments in case of crypto market crashed. So, if we saw a bear market (which we did), we won’t lose too much (if any) money.

Trading or day trading cryptocurrency will requires you to take risks regardless. In order to reduce the risk of crypto trading, you should diversify your holdings and invest in multiple different types of currency. This way, if one currency begins to under-perform, your investment will still be protected.

Most cryptocurrencies have a strong connection to Bitcoin, meaning that Bitcoin should likely make up a significant portion of your portfolio (still our number one crypto choice). The coin does account for over 50 percent of the total market share, after all. In some ways, Bitcoin is similar to bonds in the sense that it is often the foundation of a portfolio with riskier investments (such as stock).

Studying historical price charts will make it easy to see whether or not a currency is strongly correlated with Bitcoin. We also recommend paying close attention to developing crypto news stories. By carefully balancing risk and reward, you can take advantage of the crypto industry’s natural growth.

Best Cryptocurrency to Invest 2019 Recap: Bitcoin (BTC)

Bitcoin is a very obvious choice for the best cryptocurrency to invest, we have already seen Bitcoin have an incredible 2019 so far. Between January 1st and May 1st of this year, the coin increased in value from $3,862 per coin to $5,412 per coin. If you had invested in Bitcoin on January 1st, your monthly rate of return would be nearly 10 percent. BTC is by far the biggest cryptocurrency and the oldest coin owning more than a 40% share of the total cryptocurrency market cap.

Bitcoin is simply currently the market leader!

You can find Bitcoin listed on every single cryptocurrency exchange!

Bitcoin makes mainstream news on a daily basis and it’s recognized by almost everyone.

Following Bitcoin’s steady rise, prices have remained remarkably stable. This suggests to traders that the value increase was genuine and will likely be sustained. Over the past few years, Bitcoin has significantly increased its utility. Currently, many eCommerce stores, retail outlets, and even restaurants around the world accept Bitcoin as a form of currency. Bitcoin remains in an absolutely unique position that we can’t say about other cryptocurrencies and continues to be seen as the image of cryptocurrency as a whole and as representative of the cryptocurrency market.

Bitcoin is also regarded as a store of value for a lot of people in the crypto world. Wherever you agree- with it or not, it’s how BTC is seen by some people.

It’s very unlikely that Bitcoin will lose its status too quickly which is the reason why BTC remains one of the safest and the best cryptocurrencies to buy right now. As an industry leader, Bitcoin is often the “gateway coin” that helps crypto companies extend their reach. In other words, if Bitcoin is doing well, the entire cryptocurrency industry is also doing well (and vice versa). Find more bitcoin resources here.

Taking everything into consideration for our 2019 cryptocurrency forecast we can pretty safely assume that Bitcoin price will remain elevated.

Best Cryptocurrency to Invest 2019 Recap: Ripple (XRP)

Best Cryptocurrency To Invest 2019
Best cryptocurrency 3

Ripple remains a low-risk investment. This makes it a safer play, but with room to make small profits if a bull market is on the corner for 2019. However, if you want something to maximize your profits, we think Ripple cryptocurrency is the best cryptocurrency to invest in.

Ripple has established itself as one of the most stable cryptocurrencies in the industry. Other than Bitcoin, Ripple has enjoyed among the most predictable price movements. Additionally, because Ripple experiences more than $800 million in daily trading volume, it is among the most liquid cryptocurrencies available. The company behind Ripple is building a massive international network, with hundreds of members. Those are banks, payment processors and liquidity providers.

Ripple has developed a technology that can revolutionize the way payments are done. The Ripple blockchain remains the closest and the most likely to achieve that to any real degree.

Ripple can become an alternative for the SWIFT system currently used for international money transfers that have been used for 45 years and every major bank in the world uses.

Ripple is working hard to get more companies using their technology which ultimately should result in the XRP price going up significantly.

With a growth of around 36,000%, Ripple was the best cryptocurrency to invest in for 2017. It grew from just a couple of cents at the beginning of 2017 and reach $2.4 by the end of 2017.

See the chart below:

Best Cryptocurrency To Invest In
Best cryptocurrency 4

Since we’re in a bear market, like all the other cryptocurrencies, Ripple’s price has decreased in the previous year and at the moment of writing this article is trading around $0.30.

Ripple is currently the second-best cryptocurrency after Bitcoin with a total market cap of around $12.6 billion.

It might be a good time to buy Ripple, which is down almost 70% from its all-time high of $3.4 reached in January 2018. As of 2019, the market cap for Ripple has exceeded $12 billion. Purchasing one individual coin is surprisingly affordable. During the course of 2019, Ripple has mostly floated between $0.28 and $0.38 per coin. As the company behind Ripple continues to build valuable connections in the business world, Ripple may be on the verge of breaking out of its current price channel.

Let’s see what’s the third pick for the best cryptocurrency to buy right now.

Best Cryptocurrency to Invest 2019: Basic Attention Token (BAT)

Basic Attention Token is a cryptocurrency token designed to bring a new way of sponsorship on the internet. The internet is mostly based on paid advertisements. When you open a website there are always a bunch of ads. Contrary to Bitcoin and Ripple, BAT is a coin that is still on the “outside” looking in. The coin has experienced above-average levels of volatility, but it has also produced some impressive returns.

That reliance on add revenue and monetizing the content through ads is what makes BAT a good candidate for the best crypto of 2019. So far the coin has already more than tripled in value. Between January 1st and April 20th, the coin increased in value from $0.13 to $0.44 per coin. Though the coin has experienced a slight dip since then—dropping to around $0.37 per coin—its rise has still been very impressive.

The team behind BAT envisions a world of sponsorship where we decide to support our favorite creators. For this purpose, they created the BAT coin and integrated it into the BRAVE browser.

Currently, there are about 1.3 billion BAT coins in circulations. The 24-hour trading volume is $108.6 million and the current market cap is $466 million. While these numbers are much smaller than Bitcoin and Ripple’s, BAT is a coin on the rise. This may be one of the best coins for risk-tolerant investors in 2019.

Let’s now get to our last pick for 2019…

Best Cryptocurrency to Invest 2019: Ethereum (ETH)

During the strongest cryptocurrency bull market, Ethereum price skyrocketed slightly closer to $1600 reached on 13 January 2018. At that time, the Ethereum market cap was around $138 billion. ETH grew by almost 3000% making one of the best cryptocurrencies to invest in for 2017. So far in 2019, Ethereum has begun to gradually reverse its losses from the end of last year. The coin is getting increased attention from crypto developers and has been able to maintain most of its positive gains.

Whether it’s a good idea to buy Ethereum or not, it’s up to you to decide that.

ETH is not just a cryptocurrency, it’s a more advanced blockchain technology than bitcoin. This technology allows other blockchain projects to be launched on the Ethereum platform. While Ethereum was trading for around $140 per coin at the beginning of the year, its current price is nearly $200 ($196.48 as of May 11). The Ethereum chart typically moves in lockstep with Bitcoin, dropping off around the end of 2018 and experiencing positive gains thus far this year.

With a price point around $200, Ethereum is an excellent “intermediate” coin that is much more affordable than Bitcoin, but much more expensive than BAT and Ripple. Purchasing coins at multiple different price points can help make your portfolio more diverse and dynamic. Ethereum is also an excellent alternative for hedging the risks of purchasing newer coins.

We encourage you to give Ethereum a chance, as it has the potential to be the best cryptocurrency to invest in 2019.

Conclusion – Best Cryptocurrency to Invest In

If we didn’t mention your favorite coin in our best cryptocurrency to invest 2019 guide, it doesn’t mean that your coin will not rise in value. It simply means it hasn’t made the cut to be listed as the best cryptocurrency to buy right now.

As we were saying earlier, diversification can enhance your crypto trading strategy. By investing in a larger number of coins, you can protect yourself from unexpected events.

While the four coins featured in this article are our top choices, we also recommend giving these coins a look.

  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Dash
  • Monero (XMR)
  • Peercoin
  • EOS
  • Binance Coin (BNB)
  • Tron (TRX)
  • Stellar (XLM)
  • Tezos (XTZ)

Many of these coins have high market caps. This helps assure long-term stability and will also make trading coins a bit more predictable. In order to access the benefits of diversification even further, you may want to consider investing in a crypto index fund.

Remember, your forecasts won’t have 100% accuracy so always be prepared for fluctuations.

Which of the cryptocurrency listed above is your favorite? Let us know if you have another good candidate for the best cryptocurrency to invest in 2019. Also, be sure to read the updated guide for the best cryptocurrency to invest in 2020.

There will always be some degree of risk present when trading cryptocurrency. However, these currencies are becoming more secure and are also becoming accepted at more places… the crypto industry is clearly moving in a positive direction. Don’t forget to check out our article on the Best Crypto Trading Signals.

Thank you for reading!

Feel free to leave any comments below, we do read them all and will respond.

Also, please give this strategy a 5 star if you enjoyed it!

Please Share this cryptocurrency infographic Trading Strategy Below and keep it for your own personal use! Thanks, Traders!

Best Cryptocurrency Infographic
Best cryptocurrency

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

As you found this post useful...

Follow us on social media!

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

6 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

  1. Are You Thinking About Joining Spreadco? If You Are Then Read The Review On Aximtrade Review In This Article. We, Will, Tell You About The Company, The Brokers, The Platform, And All The Information You Need To Know. Read More Here.

  2. Im no longer certain the place you are getting your info, but good topic. I needs to spend a while learning more or working out more. Thanks for excellent information I used to be in search of this info for my mission.

Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance.

x  Powerful Protection for WordPress, from Shield Security
This Site Is Protected By
Shield Security