If you are feeling bullish about the crypto sphere this year, then you have probably been looking for new cryptocurrencies to buy. With that in mind, here are the five best ones to purchase next year that will stand out from the rest.
- Saltcoin (SALT) – Launched this week at $0.80 per coin; SALT aims to redefine crypto-backed loans with fiat currency collateralization and an option for users to store their collateral outside of a centralized platform like Coinbase or Gemini if they want (a first).
- Verge (XVG) – Verge is a privacy coin with the Wraith Protocol upgrade. It combines the best features of Monero, Dash and Litecoin.
- Cryptonity (XNY) – Cryptonity claims to predict the value of any cryptocurrency based on its market cap and recent trading patterns after processing data from several crypto exchanges.
- Polymath (POLY) – The Polymath blockchain platform is designed for businesses that want to launch their token sales (ICOs). Polymath aims to enable companies to launch their tokens and become a one-stop shop for legal services.
- Decent (DCT) – Decent is an open-source blockchain designed solely to allow users to create their cryptocurrencies. Decent will enable users to treat crypto coins as if they were real currency tied to a more complex monetary system, with full access to the benefits of being a legal tender asset-backed by real-world assets.
- What are the most popular cryptocurrencies today?
Wondering how many people are buying and trading Bitcoin and Ethereum? Here’s a look at the most popular coins by market capitalization this week:
Altcoins Sorted By Market Cap
Bitcoin (BTC) – $72.6 billion; Ethereum (ETH) – $32.9 billion; Ripple (XRP) – $14.I’ve been interested in cryptocurrency for quite a while, and I’ve seen a plethora of great opportunities that have passed by because not everyone can find them. This is my top 5 list of coins to buy in the next two years if you’re looking to get rich quick!
- When is the right time to buy cryptocurrencies?
Follow these steps to make sure you buy in when they are undervalued!
Step #1: Don’t just randomly pick a price, and you need to calculate how much the price will go up before it goes down. The rule of thumb is that the price needs to see at least a 25% increase in 2 years to be a good buy.
- Buy coins when there is blood in the streets. As the market is red and the currency is dropping quickly, it’s an excellent time to buy.
- Hold on for a few days, and you’ll see that you got yourself a low price coin.
- Remember to set a sell order for 50% more than you bought it for so that if it goes back up, you can make some profit!
This will be more like those “crypto trading tips” because I want this to be informative and helpful from both sides of the situation.
FOMO(Fear Of Missing Out) – “Don’t buy because you are worried about missing out on gains. Buy when you see a dip. Hold for long term gains.”
Losses – “Don’t buy because you are afraid of the price dropping. Buy when it’s close to its all-time high, and don’t buy if the price is currently moving up or down quickly.”
Market Cap – “Don’t buy because you’re looking for growth in 1 year. If you do, you’ll probably lose money in the short term. Look at the market cap for both coins, and buy what has the largest market cap.”
- Which coin should I invest in?
This depends solely on whether it’s a mid-term investment to make money or a long-term investment to make more money. Coins such as Bitcoin, Litecoin and Ethereum have strong fundamentals, and when these coins hit their golden years, they can surge in price and still be very profitable. Therefore, if you’re a trader looking to put money aside for the long-term, a coin like Litecoin is probably your best choice. If you’re looking to make money in the short term, then I recommend looking at currencies such as Ripple and Tron with their extensive market caps so that you can earn significant gains from the short-term!
- Where do I buy cryptocurrency?
There are two main places to buy cryptocurrencies: exchanges and direct purchases.
Exchanges like Coinbase, Kraken, Gemini or Mt. Gox are the most commonplace to purchase cryptocurrencies for fiat currency (USD, EUR, GBP). They act as a third-party service provider and charge trade fees. The downside is that they may take time before you make the transaction go through because of security reasons like identity verification or account funding limits.
Direct purchases are transactions made with cryptocurrency directly transferred from one person to another without an exchange intermediary. This type of purchase is not possible on Coinbase because it only deals in BTC, LTC, ETH and BCH but can be done on other wallets like Exodus instead. This method is fast, convenient and secure. Select the cryptocurrency you wish to buy (BTC, LTC or ETH) and enter the money you want to purchase. Depending on the merchant and your location, they may also require identification to complete the transaction.
Other familiar places to trade cryptocurrency are WooCommerce, Changelly, Mycelium Wallet, Trezor Hardware Wallet, Online Bank Transfer or Local Bank Transfer. One thing to note is that most exchanges will not allow direct purchasing if the business does not know you.
- What are the most popular cryptocurrencies?
Bitcoin is by far the most popular cryptocurrency and has been since its creation. In 2017, it was the only cryptocurrency used for online payments and allowed for fast, direct purchases without any third-party services. Bitcoin also has a market cap of over $170 Billion, making it one of the largest cryptocurrencies in existence.
Ethereum is another popular cryptocurrency used with blockchain applications. In 2017, over 80 different projects used Ethereum’s public blockchain database as their data source or infrastructure layer. It is a network of computers that works as a decentralized entity to implement and administer intelligent contracts and distributed applications. Ethereum has a market cap of USD 50 billion and was the 2nd most popular cryptocurrency in 2017.
Litecoin is similar to Bitcoin but with faster transaction speeds and lower fees. It was created in 2011 to be like Bitcoin but with faster transaction speeds. The Litecoin network has been used for quick transactions, so its price skyrocketed in 2017. In 2017 year, Litecoin had the 3rd highest market cap out of all cryptocurrencies at over USD 4 billion.