What cryptocurrencies is good to invest in?

This year, the value of bitcoin has risen, even exceeding one gold ounce. There are also new cryptocurrencies on the market, which is even more surprising, which brings cryptocoins worth over one hundred billion. On the other hand, the long-term outlook for cryptocurrency is somewhat blurred. There is controversy among major developers about the lack of progress, which makes it less attractive as a long-term investment and as a payment system.


Still the most popular, Bitcoin is the cryptocurrency that started it all. It currently has the largest market capitalization of about $ 41 billion and has existed for the past eight years. Bitcoin is widely used around the world and so far it is not easy to exploit the weakness in the method it works. Both as a payment system and as a stored value, Bitcoin enables users to easily receive and send bitcoins. The blockchain concept is the foundation on which bitcoin is based. You need to understand the concept of blockchain to understand what cryptocurrencies are.

Simply put, a blockchain is a database distribution that stores each network transaction as part of a data called a “block.” Every user has copies of the blockchain, so when Alice sends 1 bitcoin to Mark, everyone on the web knows.


An alternative to bitcoin, lightcoin tries to solve many of the problems that hold bitcoin. It is not as sustainable as Ethereum with its value derived mostly from the acceptance of solid users. It is worth noting that Charlie Lee, a former Google employee, runs Litecoin. He also practices transparency with what he does with Litecoin and is quite active on Twitter.

Litecoin was Bitcoin’s second fiddle in a long time, but things started to change in early 2017. First, Litecoin was adopted by Coinbase along with Ethereum and Bitcoin. Litecoin then solved the Bitcoin problem by adopting Segregated Witness technology. This allowed him to reduce transaction fees and do more. The deciding factor, however, was when Charlie Lee decided to focus solely on Litecoin and even left Coinbase, where he was the engineering director, for Litecoin only. As a result, the price of Litecoin has risen in recent months, with the strongest factor being the fact that it could be a real alternative to Bitcoin.


Vitalik Buterin, a superstar programmer, invented Ethereum, which can do everything bitcoin can. However, its purpose is primarily to be a platform for building decentralized applications. The blockchain is where the differences between the two are hidden. In principle, the Bitcoin blockchain records a type of contract that specifies whether funds have been moved from one digital address to another. However, there is a significant extension with Ethereum, as it has a more advanced language script and has a more complex, wider range of applications.

Projects began to appear on top of Ethereum when developers began to notice its better qualities. Through symbolic public sales, some have even raised millions of dollars, and this continues to be the trend to this day. The fact that you can build wonderful things on the Ethereum platform makes it almost like the Internet itself. This caused a price jump, so if you buy Ethereum for $ 100 earlier this year, it won’t be valued at nearly $ 3,000.


Monero aims to solve the problem of anonymous transactions. Even if this currency is perceived as a method of money laundering, Monero aims to change that. In general, the difference between Monero and Bitcoin is that Bitcoin has a transparent blockchain with every public and recorded transaction. With bitcoin, everyone can see how and where the money was transferred. However, there is some somewhat imperfect anonymity in Bitcoin. In contrast, Monero has an opaque rather than transparent transaction method. No one is quite sold by this method, but since some people love privacy for all purposes, Monero is here to stay.


Unlike Monero, Zcash also aims to solve the problems that Bitcoin has. The difference is that instead of being completely transparent, Monero is only partially public in its blockchain style. Zcash also aims to solve the problem of anonymous transactions. After all, no one likes to show how much money they actually spent on Star Wars souvenirs. So, the bottom line is that this type of cryptocurrency really has an audience and demand, although it’s hard to pinpoint which cryptocurrency that focuses on privacy will end up at the top of the pile.


Also known as the “smart token”, Bancor is the standard generation of cryptocurrencies that can hold more than one token in reserve. In principle, Bancor seeks to facilitate the trading, management and creation of tokens by increasing their level of liquidity and allowing them to have a market price that is automated. Bancor currently has a front-end product that includes a wallet and the creation of a smart token. There are also features in the community such as statistics, profiles and discussions. In short, the Bancor protocol allows the discovery of a built-in price as well as a liquidity mechanism for smart contract tokens through an innovative reserve mechanism. With a smart contract, you can immediately liquidate or purchase any of the symbols in the Bancor reserve. With Bancor you can create new cryptocoins with ease. Now who wouldn’t want that?


Another competitor to Ethereum, EOS promises to solve the problem of scaling Ethereum by providing a set of tools that are more stable for launching and building applications on the platform.


As an alternative to Ethereum, Tezos can be upgraded by mutual consent without too much effort. This new blockchain is decentralized in the sense that it is self-governing by creating a true digital community. It facilitates a mathematical technique called formal verification and has features to increase the security of the most weighted financially sensitive smart contract. Definitely a great investment in the coming months.


It is incredibly difficult to predict which bitcoin on the list will become the next superstar. However, consumer acceptance has always been one of the key success factors when it comes to cryptocurrencies. Both Ethereum and Bitcoin have this, and even if there is a lot of support from the first adopters of each cryptocurrency on the list, some have yet to prove their enduring strength. Nevertheless, these are the ones to invest in and watch out for in the coming months.