Five (5) Popular and Promising Cryptocurrencies To Invest In Today

Five (5) Popular and Promising Cryptocurrencies To Invest In Today

Unless you're a crypto newbie, you already know that there are thousands of cryptocurrencies out there that you can buy. So, how do you figure out which ones have the potential to succeed in the long-term?

Well, the truth is that no magical wand reveals which cryptocurrency will become successful in the future.

However, you can place your bets based on factors such as - a coin’s market performance within the last couple of years, the potential solution the project team hopes to provide, as well as other structures such as regulatory compliance.

To this end, we have compiled a list of the top five popular and promising cryptocurrencies to invest it. Take note that you should not take the content of this piece as a replacement for doing your research before putting money into any project. Also, you can buy these cryptocurrencies here on www.addisonchurchill.io or decide to do so elsewhere.

Now you got that, here is a list of 5 top cryptocurrencies to purchase today.

1.Bitcoin (BTC)

Without a doubt, Bitcoin remains the go-to cryptocurrency for many traders and investors plying their trade in the industry.

Bitcoin was the first cryptocurrency (created in 2008) and currently boasts over 50% of the total cryptocurrencies market cap ($68 billion at the time of writing this report). For this reason, a movement in its prices usually affects most if not all the altcoins.

Bitcoin's long term potential is never in doubt because many cryptocurrency derivatives that currently exist in the market are created for the top coin while it has also been the focal point of regulations established in different regions for the crypto industry.

In 2017, Bitcoin prices grew to an all-time high of $20,000, and even though a price correction followed that memorable bull run, the future's still bright for what has been the best-performing asset class in the last ten years.

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2. Ethereum (ETH)

Just behind Bitcoin, Ethereum was launched in 2014 by Vitalik Buterin and other programming experts as the preferred platform for startups who want to create blockchain based solutions without going through the stress of building from scratch.

Over time, thousands of Decentralized Applications (DApps) now exist on the Ethereum blockchain, and the performance of these separate projects often influences the coin's prices.

Ethereum peaked to a value of above $1000 during the 2017 crypto market period before dropping off with the rest of the altcoins. However, the increase in demand for decentralized applications as well as Ether's popularity as the first DApp platform means that the project has enough potential to survive in the long-term.

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3.Ripple (XRP)

Through the years the issue of sending payment across borders, especially by banks and other financial institutions is a dominant challenge. The barriers to smooth cross-border payments included high transaction fees, a pile of paperwork and waiting several days for large volumes of money to be moved securely.

In 2012, Ripple Lab Technologies was set out with the mission of solving these problems through the use of the XRP cryptocurrency and a suite of blockchain-based products that facilitate faster transactions.

Currently, the Ripple blockchain can process 1,500 transactions per second (to) which is a considerable achievement when compared to bitcoins 3-6 tps.

So, as Ripple Lab continue to get more institutions around the world to use their payment solution, it is expected that the value of their cryptocurrency XRP will witness massive growth.

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4.Litecoin (LTC)

Just two years after Bitcoin went live, Charlie Lee, a former Google employee released the Litecoin blockchain and cryptocurrency on GitHub. Lee proposed that Litecoin was going to be faster than Bitcoin in terms of processing transactions and also charging lower fees on the network.

Since then, the project has lived up to its promise, and even though it is not within the top five cryptocurrencies at the moment, it is the second most used cryptocurrency for payments and should continue the upward trajectory in the future.

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5.Tron (TRX)

Of all the cryptocurrencies on this list, TRON (TRX) was the last to be launched but also one of the top performing coins within the previous year. In September 2017, computer programmer Justin Sun and his team started the TRON Foundation with the objective of removing the middlemen in the entertainment industry by connecting content creators directly with consumers.

The project has seen a lot of success since it came unto the scene and currently boast a $1.7 billion market cap after it’s first 18 months. There is little or no doubt that if the TRON project continues to meet up with its road map as it has in the past, then the value of the TRX will increase in the long-term.

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Final Words

The fact that cryptocurrency prices are highly volatile means that the value of these popular and promising coins can appreciate or depreciate in the short term and even as we write this. For this reason, it is worth recalling that the predictions in this piece were made based on their long-term performance and we have provided no timeline for them to succeed. Invest wisely.

Unless you're a crypto newbie, you already know that there are thousands of cryptocurrencies out there that you can buy. So, how do you figure out which ones have the potential to succeed in the long-term?