Crypto Coin Tips on The Best Coins to Invest
There are different approaches to the investment of cryptocurrencies, however investors believe that the best alternative is still long-term investments. It is hard to choose the best coin to invest in since there are so many options, thus some cryptocurrency investors communicate their thoughts on their three go-to coins.
The managing partner at General Crypto, Logan Kugler, gives his preference to Ripple (XRP), Factom (FCT) and Monero (XMR). He believes Ripple has the potential to change the way people send money internationally. Currently, sending money requires many days and fees and Kugler foresees that Ripple aims to cause a big change on the banking industry.
He advocates for the Factom because it can provide unchangeable records which would exist forever. This quality is a key factor for big retail companies, banks and the mortgage industry. The third coin, is Monero which provides users with the most privacy. It has been becoming more known as it facilitates anonymous transactions.
The investor Spencer Bogart is a managing director and Head of Research at Blockchain Capital, the coins he prefers are; bitcoin, Monero and Litecoin. He believes Bitcoin has a lot of potential and it represents big market surges. Monero offers more privacy than in comparison to Bitcoin and therefore it has an advantage. His preference for Litecoin is given due to its ability to absorb Bitcoin’s improvements and network. Bogart believes that if Bitcoin was out of the picture, a large percentage of investors would opt for Litecoin.
Chief Officer of The Crypto Company picks Dash (DASH), Ethereum (ETH) and Steem (STEEM) as his top three coins. He likes Dash because it is focused on a customer-friendly behavior and it does not have a strict governance. He claims that it was easier to get a proposed blocksize increase approved from the Dash community, while the Bitcoin community took three years to approach the cause. He deems Steem important because of its potential to make people earn money in response to their social media popularity. The creators of content have total rights for what they have created therefore, Facebook and other platforms should be threatened by what Steem can cause.
Brad Mills on the other hand suggests Bitcoin (BTC), Metal (MTL) and Waves (WAVES) as the best investments. He has owned Bitcoin for several years now and he claims that it has potential to grow since a Bitcoin ETF is approved. Metal is important due to its FDIC-insured fiat on-ramp bank, which makes it easier for anyone to use cryptocurrency. Waves is a popular project in Russia, it’s a created token fundraising platform. A new partnership between Waves and Gazprombank promise to hold ICOs for Russian mining and metal companies, which is a important matter to the country.
The other well known cryptocurrency trader CryptoYoda, claims to prefer Litecoin (LTC), Ethereum Classic (ETC) and Zcash (ZEC). Just like Monero, Zcash is well known for offering anonymity to its users.