Most cryptocurrencies have a pre-defined highest quantity. When that peak is attained, typically through mining endeavors, no new tokens will be generated. If business controls while the quantity is settled, the price could go up. Be assured to view the total supply and the current flow of any cryptocurrency before you invest. Let’s take a look at the best cryptocurrencies to invest in the year 2019.
The value of Bitcoin fluctuates a lot every day and has witnessed many highs and lows over the last few years. Moreover, Bitcoin’s technical capability with Segwit, Schnorr signatures, MAST, MimbleWimble, Bulletproofs, Confidential Transactions, Sidechains, Drivechains, Lightning Network is increasing each day delivering it further difficult for any other cryptocurrency to catch up. If you have now chosen to invest in cryptocurrencies, then it might be an excellent plan to begin by investing in Bitcoin. According to coinmarketcap, the current BTC market cap is $186,774,337,959 and circulating supply is 17,883,175 BTC. Bitcoin is one of the best cryptocurrencies.
At the start of 2018, Ethereum touched its highest price of $1420 on January 4. There are many new developments in ETH such as Proof-of-Stake, Plasma, Sharding, and Raiden. All in all, the Ethereum blockchain is a very beneficial project that will advance to dominate the smart contract area. The future of Ethereum using Proof-of-Stake will also decrease the uncertainties of centralization. This makes ETH as one of the best cryptocurrencies.
Julian Hosp, a blockchain specialist, stated that the market cap of Ethereum could climb to $200 billion by the end of 2019. If Hosp’s forecast is accurate, the value of Ethereum will touch $2000. Hosp’s rationale behind the forecast is based mostly on the ICOs (Initial Coin Offerings) that chose to utilize the Ethereum blockchain in 2018 & 2019. The current market cap is $20,939,575,596 and the circulating supply is 107,371,939 ETH.
The vision of Lambda is to provide decentralized storage space and thus an alternative to Dropbox, OneDrive or Google Drive. Lambda, for example, can be traded on Huobi. The lambda price has been increased by almost 7.2%. The price increase is due to a wealth of good news for Lambda. On the one hand, Lambda showed a considerable number of projects and on the other hand, the project managed to be tradable on HitBTC in the near future. The current market cap is $117,014,626 and the circulating supply is 617,981,612 LAMB.
Binance Coin is the cryptocurrency of the world’s largest cryptocurrency exchange, Binance. The use of Binance Coin has always been actively promoted by Binance. For example, traders can reduce their trading fees by using the Binance Coin (BNB). In addition, Binance repeatedly encourages traders to hold Binance tokens to participate in Launchpad IEOs. The price of BNB is also supported, as Binance regularly buys back part of the profit BNB and permanently withdrawn from circulation, thus steadily tightening supply.
Disclaimer: This information should not be interpreted as an endorsement of any cryptocurrency. It is not a recommendation to trade. The crypto market is full of surprises and overhyped assets. Do your research before buying anything. Do not invest more than you can afford to lose.