The Top 3 Cryptocurrencies to Own in 2019
2017 was the greatest year on record for cryptocurrencies.
What appeared to be the “can’t lose trade of the decade” lead folks to mortgage their homes, as Bitcoin ran to nearly $20,000.
2018 was the year reality hit home – hard. Riches to rags stories became prevalent.
However, it’s not time to bid adieu to cryptocurrencies just yet. There are several catalysts.
Goldman Sachs, Citigroup and Morgan Stanley are all developing ways to allow their investors to securely invest in crypto coin. "Banks in 2019 will likely invest much more money into cryptocurrency projects," said Samantha Albright, FXM Capital, as quoted by Newsweek.
Big retailers are partnering with the ICE to allow customers to pay for products with cryptocurrencies, such as Microsoft and Starbucks.
We also expect another shot at a Bitcoin ETF, especially with Commissioner Hester Peirce as supportive as she has been. One fund to watch will be an offering from VanEck, which will be approved or rejected in February 2019.
Even the experts are still very much bullish.
Fundstrat's Tom Lee for example believes we'll see upside with near-term institutional adoption. He notes that a lot of growth will be digital. Therefore, digital assets will be under a good amount of demand. Chief Economic Advisor at Allianz, Mohammed El-Erian believes Bitcoin would go through several phases, first being overconsumption and the second being an adjustment, as noted by Blokt. "He said that then Bitcoin would have to find a floor and it's worth monitoring the charts, noting that distributed ledger technology will find a stronger footing in both the public and the private sector."
However, not all coins are worthy of your investment. Here are 3 standouts, in our opinion.
Learn How to Spot Unique and Predictable Patterns in Cryptos
Ripple launched in 2012 and is a guaranteed way of payment settlement. It offers an affordable and instant means of international payments to its users. It enables banks to conduct transactions across international borders. Its transparency and low-cost operation makes it one of the top crypto payment methods for its users.
The fact that it doesn’t require mining confirmation, makes its consensus ledger genuinely unique. Therefore, it significantly reduces the use of computing power. It is one of the top digital currencies among traditional commercial institutions which are trying to revolutionize the trend of cross-border payments.
Its xRapid will help businesses and financial institutions transact without friction.
It will also address the issue of “minimizing liquidity costs and making cross-border payment transactions faster. xRapid claims to significantly reduce the capital requirements for liquidity,” as reported by CNBC.
In addition, SBI Holdings CEO Yoshitaka Kitao is bullish on $10 targets for the coin. Even Brad Garlinghouse says banks will be utilizing the XRP products by 2019. The more xRapid is utilized, the higher the value of the digital currency.
Monero offers its users a private, secure, and untraceable way of crypto exchange. It is an open-source crypto coin, launched in April 2014. The funding for the development of this crypto came entirely from donations and was driven solely by the community. The use of the “ring signatures” technique helps Monero to maintain complete privacy in its operations and makes it one of the top candidates to watch.
With this method, multiple group signatures appear with at least one genuine participant. As all these signatures look the same, identification of the real participant is impossible. However, such exceptional security mechanisms give Monero a dubious reputation. Criminal operations often plague this crypto coin with fraudulent activities.
“MGO will accelerate transformative opportunities for our community,” says Aleksandr Agapitov, founder and CEO of Xsolla.
“Game developers will now receive their royalty payouts much faster, and owners of MGO will soon be able to engage in peer-to-peer match play and organize decentralized gaming tournaments in a way never before possible. MGO is essentially the Bitcoin of the gaming industry, the most trusted cryptocurrency that Xsolla is making available to more than half a billion gamers today.”
That alone is a significant game-changer for MobileGo.
Bonus Report: There are several patterns that can pintpoint the likely price movement of cryptos. Click Here to get the full report on how to spot these patterns.