Look for real value in your investments.
Much of the investmenting that folks are doing in the cryptocurrency space is motivated by speculation of future profits. Most users are not interested in the cryptocurrencies real world use and this is a potential disasterous mistake. Today hundreds of cryptocurrencies that were created last year are already defunct or on the way. This is hugely because most of them were created without any real plan to create a usable product which would crate REAL value for their intangible coins. Much of this years bloodletting is becaus the scammers and losers are exiting the market to take profit from their ICO's and token launches. Thankfully for the serious investor the cashing out has caused a buying opportunity which may present good gains in the near term. The key to not getting burned in this fledgling market is to choose coins that have ACTIVE platforms that you can actually use.
This List is by no means comprehensive but it will help you get a good idea for what to look for in a crypto.
Ripple (XRP)
Ripple is the most popular blockchain based Global settlement, remittance and currency exchange network. Its is one of the most popular cryptocurrencies and has the #3 largest marketcap. Ripple is usually a good buy because the system is reliable and you know the asset has huge growth potential thanks to the variety of institutional investors that use the platform. Right now ripple is trading around about $0.50 but has shown already it has the potential to reach $3 or more.
Stellar (XLM)
Stellar is also a promising platform that does remittances,exchanges and settlements. Its creator is one of the co founders of ripple so you know the leadership is in good hands. THe stellar blockchain is a great choice for new investors because it is affordable and has platform that grows daily. It is already being used by companies like IBM which intends to use the platform for various projects including a US Dollar backed token. Stellar is currently traing around $0.25 cents which is a great deal for one of the most promising cryptocurrencies.
EOS
EOS is the brainchild of Dan Larimer who is the mind behind Steemit and bitshares. Now that EOS has launched its main net it has become poised to challenge ethereum's dominance of the tokenizationgame. EOS is a favorite of many cryptoexperts and in some circles has been dubbed an Ethereum killer. It has also been reported that manyof the companies that use the Ethereum clockchain are choosing to swithc over to EOS. Some believe Ethereum is overhyped and EOS will prove to be a better smart contract platform. There is wuite a bit of value in EOS and with the price trading around $6 its a steal for the speculators.
Monero (XMR)
Bitcoin was the champion of the darknet, that is until vendors started geting tracked via thir bitcoins. Now the darknet masterminds are protecting themselves with the best cryptogtaphic software possible. Many sites have chosen to acept Monero so that users can remain anonymous while transacting. Monero is one of the oldest cryptocurrencies and has a proven trackrecord of being useful and not just speculative. Privacy coins like this are very attractive because of the anonymity that comes with transactions on these type of blockchains. this is a great buy if privacy is a concern of yours.
Crypto is part investing part financial management
becoming active in the crypto world means that your are going to have to take control of your financial life and become more rresponsible when it come to your data. save yourself alot of trouble and refrain from investing in ICO's until you have a firm grasp on the market. Choosing the stronger candidates that have been around long is the best bet. Having value in your assets is the main driver behind what will push prices up the next go around. Gone is the speculative frenzy that caused exponential gains last year, here is the time for investors to get serious and buy into blockchains that are going to last.
Posted from my blog with SteemPress : https://habarinetwork.com/354-2/
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