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What Cryptocurrency To Invest In 2019?

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What are the best cryptocurrencies to invest in 2019? We compare BTC, ETH, XRP, LTC, BNB, and others to know who is the best for investment in 2019.

BTC remains the King of Cryptos, followed by ETH & XRP

BTC is by far the largest cryptocurrency and the oldest currency, which has more than 52.1 percent of the total market cap for the cryptocurrency.
Bitcoin is still considered to be the image of cryptocurrency as a whole and representative of the cryptocurrency market.

Ripple is now the third best cryptocurrency after Bitcoin with a total market cap of around 13 billion dollars.
ETH is not only a cryptocurrency, but it is also a more advanced blockchain technology than bitcoin.

Many cryptocurrencies are based on open source code, which makes it relatively easy to clone an existing cryptocurrency, which can only be created by minor changes to the code or cryptocurrency functions.

‘ Bitcoin is the king when it comes to retail adoption, leading all other cryptocurrencies in terms of acceptance as a payment medium.’

Currently, Ethereum is one of the most debated cryptocurrency projects in the world, which is presently based on Bitcoin.
With the momentum and enthusiasm of the market behind the Ethereum project, there is no reason to think that Ethereum has been operating and investors should consider Ethereum as part of the cryptocurrency portfolio.

 

Litecoin, ZCash & Dash

Litecoin boasts faster transaction times than Bitcoin, mainly due to the use of another type of algorithm to add transactions to the blockchain.

People have made a lot of money by investing in cryptocurrency, and they want to keep doing so by making the right decision about cryptocurrency.
Today, ZCash is one of the latest cryptocurrencies in the cryptocurrency market, but it has grown very well in a brief period compared to other new cryptocurrencies.
Digital Cash ( Dash ) is one of the best cryptocurrencies to invest in, that’s why.

 

Many cryptocurrencies are designed with privacy in mind and obscure the identity of the sender and recipient of the cryptocurrency fund.
The introduction of cryptocurrencies has been slow, and the possibilities are still limited, but the cryptocurrency market may change rapidly.
In many ways, the market cap for a particular cryptocurrency goes hand in hand with liquidity.

 

Zilliqa & Polymath

Zilliqa was one of the pioneers in scalability, adding shading technologies to its blockchain to increase the scale of the blockchain itself.
Polymath is one of the first cryptocurrency coins to determine the difference between ICO and STO ( Offering Security chips ).
Overstock has a roadmap to focus on the blockchain business in 2019; They have plans to use Ravencoin as a protocol for issuing securities on the blockchain.

 

BNB Token

The world of cryptocurrency is booming in 2019 and continues to attract new investors in 2019.
Most people will invest in cryptocurrency, which means that the Binance base is growing day by day.
Undoubtedly, Binance is so well established that it is the first port of call for cryptocurrency traders and because of the reliance of people on Binance, BNB token is one of the most traded coins on the market.
There are many competitors in the world of cryptocurrency, and most of them will soon start their currency.

Cryptocurrency investors have gone through an incredibly tumultuous year in 2018, but despite the poor performance of the markets, there are still some strategies that investors can use to earn money in a down market.
Investors expected to make massive profits from the flood of airdrops, which would rise after the transfer of various altcoins to their main network, and while the airdrops were taking place, the frequency and expected price result did not meet investor expectations.

Investment firms and large corporations are starting to use cryptocurrency and other altcoins, which can only mean more opportunities for the experienced investor.
Cryptocurrency hackers will also try to break into your phone to gain access to your altcoin and wallet exchange accounts.
Coinmarketcap, if probably the best site to find information about various cryptocurrencies and altcoins, as well as exchange markets and other information related to cryptocurrency investments.

And unlike Litecoin, Bitcoin remains the most popular cryptocurrency with a value of more than 3,858 dollars ( although it has recently fallen from about 6, 000 dollars ).
In contrast to Litecoin, Ethereum is both a cryptocurrency and a block chain – with Ether as a real currency ( although it is usually synonymous with Ethereum for investors ).
While Litecoin is a cryptocurrency, Ethereum is a digital blockchain platform that creates and executes decentralized applications called “dapps.”

Many industry stakeholders also believe that the bearish cryptocurrency market is a positive thing because it rinses out the weak hands and helps to ripen the market.

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#Bitcoin

Cryptocurrency Price Analysis: Great Week for the top 10

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The current week has proved to be quite amazing for the cryptocurrency market as all major coins are holding green. The total cryptocurrency market rose by around $1.5 billion yesterday night with the price of bitcoin reaching $4100.

 

Bitcoin:

BTCUSD Price Chart

BTC/USD Weekly Price Chart

Bitcoin broke the $4000 resistance level on 17th March and has been over this range since then. Bitcoin has turned the previous resistance into strong support now and has moved upwards slowly currently trading around $4120 (according to Bitfinex chart) with around 1% increase in the last 24 hours. If bitcoin is able to maintain its position above $4100 range for long, it might soon move ahead towards the major long term resistances such as $4500 and $4600.

 

Altcoins:

ETHUSD Weekly Chart

ETH/USD Weekly Chart

Ethereum also saw a nice bullish momentum this week after reaching the highest point of $143. Currently, Ethereum is trading nicely around $140 and is experiencing a few dips while trying to move upwards.

Unlike other top 10 coins, Ripple market is experiencing volatility from the last week but the momentum is still quite bullish.

LTCUSD Weekly Chart

LTCUSD Weekly Chart

Litecoin has been following trends and is steadily trading around $60 from the start of the week. Litecoin has increased more than 1.67% in the last 24 hours which makes it the best performing crypto of the day (in comparison with the top 10 cryptos according to market capitalization). LTC is currently trading around $61 (according to Bitfinex chart).

 

The overall cryptocurrency market is in a bullish momentum with sings of further gains. After a long bearish trend, cryptocurrency analysts are now believing that the bull market might be coming soon.

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Tom Lee: Bitcoin Bull Market Coming Soon

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Tom Lee, the co-founder of Fundstrat Global has predicted that the price of bitcoin will likely experience a bullish run in the next 5 to 6 months.

Tom Lee, the co-founder of Fundstrat Global also known as the bitcoin bull has predicted that the price of bitcoin will likely experience a bullish run in the next 5 to 6 months. Lee predicted this during an interview with the CNBC. According to Lee, the 200 daily moving average is the number to keep in mind. If bitcoin is able to stay above $4000 till August this year, it will cross the 200 daily moving average and thus technically the overall chart would start to look bullish.

During the interview, he also mentioned that the future of bitcoin and other cryptocurrencies lies on the fact of whether it becomes an asset class and bitcoin is still in the early days of becoming one. Although Tom Lee has been quite bullish about the price of bitcoin, Fundstrat had recently posted a warning that the cryptocurrency market might crash to a new bottom before actually starting a bull run.

 

Tom Lee on JP Morgan Coin:

In the interview, Lee also expressed his concerns regarding the recently launched JP Morgan Coin which is a stablecoin launched by the banking giant JP Morgan Chase. He said that things such as the JP Morgan Coin and Facebook Coin create use cases for cryptocurrencies and according to him, the JPM Coin is surely not a competitor to bitcoin as it is a stablecoin in nature.

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Alert: Bitcoin Breaks Record, Highest Hash Rate Since November 2018.

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The hash rate of bitcoin which is the power that secures the bitcoin network has recorded the highest level yesterday (19th March) since last year November.  The Bitcoin hash rate passed over fifty-two quintillion hash per second in accordance with the data feed on Blockchain.com.

 

Bitcoin Hash Rate:

Bitcoin hash rate is the computation of the performance of bitcoin miners. In simpler terms, as the hash rate goes higher, the bitcoin network becomes more secure. It becomes more difficult to attack the bitcoin network as an attacker would need increased resources in order to attack the network. The increasing hash rate also depicts the increase in the number of bitcoin miners. As the BTC mining difficulty level is quite stable now, more and more miners are joining the bitcoin network. Although, the increasing hash rate would eventually result in an increase in the overall difficulty level.

bitcoin hash rate 19th march

Bitcoin hash rate 19th March 2019

 

The bitcoin network security is at its peak since November last year. The highest hash rate ever recorded has been around 62 quintillion hash per second in August last year. Looking at the current chart, it depicts that the hash rate might even cross this level in the coming time.

 

The increased hash rate also builds up confidence in the minds of the miners as it shows the overall security of the bitcoin network and thus predicting a secure future of the investment of the miners. Thus, overall, more and more miners are now joining the bitcoin mining network after a subsequent decrease last year which led to a lot of miners moving out of the mining business. Bitcoin price analysts believe that the hash rate of the network follows the price of bitcoin as it helps them in speculating the future price of BTC.

 

During last year’s bear market, the hash rate also fell drastically which led to a lot of miners shutting down and the mining equipment were being sold at waste prices. Now as the hash rate is rising, miners are again turning on their mining rigs and moving back to business. It is also worth examining that the current hash rate of the network is even more than the recorded hash rate in December 2017 when the price of BTC went up to $20,000.

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