Cryptocurrency investors would love a crystal ball. With all the positive and negative news, it is difficult to decide what the future will hold. Will Ethereum or EOS or any other project follow the steps of Amazon and Facebook or Friendster and AOL?
When investing in anything, it is essential to do extensive research. Investors should understand the team, the roadmap, and the problem the coin is trying to fix. Some cryptocurrencies are basically just copying Bitcoin with a few tweaks here and there. Others are flat out scams.
One project to look closely at is Stellar Lumens. They are trying to promote global financial access to everybody around the world. OK, sounds like other projects, so why should it be taken as a serious investment?
As Bitcoin struggles to scale, some companies have switched to Stellar. In other words, Bitcoin is not doing the job and companies have searched for a company that can; some are choosing Stellar. Just recently, the payment platform Stripe announced they would no longer support Bitcoin due to price volatility and transaction problems (i.e. slow speeds and high fees). Though they have not chosen a replacement, Stripe is considering Stellar as a replacement. It should be noted that Stripe has a stake in Stellar; nonetheless, as some of these companies like Valve Steam, Stripe, and more leave Bitcoin, it is worth noting which currency they move to. Additionally, Stellar announced last year that it was partnering up with IBM to launch blockchain banking across numerous countries.
Next time a company drops Bitcoin, see which cryptocurrency they go to. It is not as good a crystal ball, but it could be a hint at which coin (or coins) will be the future.
For me personally, I have not invested in Stellar Lumens. I concentrate on top twenty market cap, but I never put money into Stellar. Though January has been a sea of red for most crypto assets, Stellar has not been hit as hard. Therefore, my next investment during this dip will be Stellar Lumens.
Greta post, but focusing on top 20 mc restricts your profit. Just research the coin, see if they got a good product, the team and you can make some good money. Look into TEL for example.
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I agree; a lot of money can be made trading some currencies lower down the list can be profitable. I leave a little money to invest in projects that are cheap, have potential, and are down the list, hoping to make a profit in the short term (or long term). For me though, I'm in this for the long run, and I hope to be invested in the coin(s) that becomes an integral part of our future. Of course, that coin might be number 100 right now, or might be on the drawing table right now. Thanks for your reply.
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