Bitcoin turned out to become of the most unprofitable investments for 2018 comparing to other financial instruments. However, a vast number of various cryptocurrencies lost up to 95% of their maximum value throughout the year. The situation on the digital assets market looks quite deplorable. Nevertheless, lots of investors see positive sides and are looking for an opportunity to find what to invest money in 2019 to get a good profit.
In recent months, the highest ranked coins list has faced some changes. The investment attractiveness of some of the coins severely diminished, while others succeeded. A number of projects that looked attractive at the peak of a crypto hype in early 2018 went down during the next months, and some new players entered the market to take their place. How to understand the market trends? What to invest in 2019? Bitnewstoday asked the crypto market experts for advice.
Which cryptocurrency to buy in 2019: the big trio
The first cryptocurrency is still in the highlights: it seems that everyone urges to give a prediction for the price of Bitcoin in 2019, some persons create hype around this. Despite the long-lasting decline in 2018, Bitcoin still holds a share of 52.5% of the total cryptocurrency market value.
“If SEC approves the Bakkt futures and, perhaps, SolidX and VanEck — this will be the first signal for the bull run start. Bitcoin is mostly the epicenter of all events, not any other cryptocurrency, so I assume it would be logical to work with this asset,” says Tachat IGITYAN from DeStream.io. He is also an active Ethereum advocate: “Following the bitcoin futures, we can see the similar ones for Ethereum, but this is a matter of several years. Taking this into account, then, the investment in BTC and ETH is a good step.”
Ethereum is pretty controversial. It still remains the most popular platform for ICOs, but there's some turmoil in this field: ICOs compromised themselves in 2018, becoming a probable reason for a decline in ETH price and the consequent loss of the second place in the rating. However, the market is waiting for a new round of development, this time it’s all about STO, so Ethereum may well get back into the race. ICOadm.in specialists predict a positive trend regarding the growth of Bitcoin and Ethereum. According to Vladislav PETROV from ICOadm.in, the bifurcation point is passed and a negative trend reversal is soon: “Ethereum looks like a promising option for investment, because it has a great potential for growth from the technical point of view. It is well-known and a lot of technologies are based on it.”
Max UPERYAKA from SWIDOM agency also places his bet on Ethereum: “I would recommend keeping investing in the ETH. Last year was the year when the competitors appeared, but now we see that nothing but ETH works. Serious projects, in any case, are built on Ethereum. All the improvements which are scheduled for 2019, show that it will only get better for the tasks for which it was originally invented.”
Naeem ASLAM, market analyst and Forbes columnist, believes in the success of Ripple, because “of their continuous integration in the industry and the ability to approach people from different parts of the industry.” According to the analyst, the agenda of Ripple is to check all the boxes from the regulatory perspective and "if it works out, XRP could really explode going into 2019." His opinion is supported by Leonid MATVEEV, the head of the analytics department at Waves: “There is some sense in investing in the projects that tend to unite crypto and traditional industries. Ripple is a blockchain-based payment system, not just a cryptocurrency. It is supported by international banks and financial institutions, including the UniCredit group.” Meanwhile, the Waves cryptocurrency showed solid growth in the last months of 2018. The company released platform updates and attracted international investments in the amount of $120 mln to develop the private blockchain called Vostok.
Both Ripple and Ethereum have their advantages, so when thinking what to invest your money in 2019, one should remember that the struggle for the second place in the rating is far from over. Probably, the upcoming months would be a real test for both projects.
What cryptocurrency to invest in 2019: are the altcoins worth it?
Speaking about altcoins it's necessary to note that only those based on a real project and a working team will continue to live and develop. Moreover, a project should be demanded by the market, says Dmitry NIKIFOROV, CEO of Quppy. He believes that the hype around altcoins will reduce: “There are about 90% based on hype projects and their time is running out. During 2019, the great number of altcoins will leave.The market will be cleared of unnecessary projects and altcoins abundance and the real projects which are clear to market will develop much faster. As for the remained altcoins, their price will repeat bitcoin dynamics.”
“It is a good move to invest in other cryptocurrencies to diversify — there is a chance that at least one of them would rise, and much faster than the general trend develops. To answer the question, what crypto to invest in 2019, I would recommend Amoveo. This is a prediction project, just like Augur, but in far more promising and developing,” comments Victor ARGONOV, an analyst at EXANTE.
Crypto investor Oleg CHEBOTAREV recommends investing in those altcoins which already have a distinctive model and a goal, which are time-tested and enter a certain niche: “DCT is an infrastructure currency, and there is another token, like AMP, which s the native currency of a popular WildSpark app, where the video content creators are paid by users with the mentioned tokens. These cryptocurrencies are little known, but will not disappear, since they do a specific function and are accepted by users. A nice pick if you’re choosing which crypto coin to buy in 2019.”
Tachat IGITYAN also recommends paying attention to Monero, the cryptocurrency which provides people with the opportunity to conduct completely anonymous transactions. According to Tachat, Monero, unlike other anonymous cryptocurrencies (Verge, Dash, Zcash), is more technologically advanced and provides the best level of anonymity by now. Maxim UPERYAKA is positive about the MakerDAO project, calling it "fundamental."
When summarizing what cryptocurrency to buy in 2019, several conclusions can be made:
Disclaimer: the article is for informational purposes only and does not guarantee a return on investment. Readers invest at their own risk. Bitnewstoday authors and editors are not responsible for the readers’ actions.
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