Some of these are more suited for long-term investors than others, but no matter what - all digital currency investments are essentially speculation using a speculative investment vehicle. A cryptocurrency’s volatility makes it risky, like any other type of investment. The best course of action is to spread the risk around. Investing in diverse types of cryptocurrencies can help mitigate the risk of a total loss due to a bad investment in one currency.
What are the best digital currencies for investment?
Ethereum (ETH) - Market Capitalization: $24,228,275,114 USD - Trading Value: $250 USD / ETH - Symbol: ETH
Ethereum was first released in 2015 and made quite a splash as an alternative to bitcoin that wasn’t just a currency but also a platform for developers to build apps on top of. Just like bitcoin, it’s completely decentralized and not owned by any person or company.
The platform allows for the creation of new cryptocurrencies, smart contracts, apps for businesses, and other use cases that can easily be built using the Ethereum blockchain. Investors who see potential in Ethereum see it as a gateway to building decentralized applications which can connect with their own cryptocurrencies and tokens - another reason why investors are attracted to the currency.
Furthermore, the Ethereum platform allows for value transfers across borders much easier than bitcoin does – making it a much more attractive digital currency for countries with capital controls. Because of its flexibility and ease of creation, many people believe that Ethereum will soon become a major force in the digital currency.