The cryptocurrency boom attracted a huge amount of speculative investment towards the end of 2017. The falls that have been seen across most of the market since then have driven many short-term investors away. However, there are still a number of fantastic opportunities for investors who are happy to stick around for a little longer. In this article, we’ll take a look at some currencies that long-term investors should hold until 2020.
Stop us if you’ve heard this one before. The underlying fundamentals of Bitcoin are basically unchanged from the days when it was hitting valuations of $20,000 or more. This means that there is every chance that it could hit these levels again and some investors with a little more confidence (and patience) than the market as a whole could make very tidy profits.
This is another of the big players in the cryptocurrency world that has had a fairly difficult time of late. Litecoin has struggled to gain backing from the kind of financial big players that have given Ripple its boost in recent months. There are, however, some signs that this type of backing is on the way, meaning that Litecoin could have a fairly bright future.
Smart contracts are the key here. Unlike many other cryptocurrencies, Ethereum allows users to automatically send payments when certain conditions are met. This feature, combined with its relatively high profile, should assure a bright future.
As well as all the interest that Ripple has seen from major players in the financial sector, there are now rumours that Coinbase is planning to add Ripple to its list of tradable coins. This would open up new markets to Ripple and significantly increase the number of people who can easily trade it.
Stellar, built on the same protocol as Ripple is an alternative currency that targets smaller transactions. This means that it enjoys the same robust features as Ripple but with lower barriers to entry for day-to-day users. This could well be a coin that enters into mainstream use.
Source: https://www.youtube.com/watch?v=zXbDOMl13EU - Great Video By Crypto Ryan