Ah you want to invest money in the cryptocurrency! And looking for the best cryptocurrency to invest in. You are at the right spot. Today we will tell you that what are some of the best cryptocurrency to invest in 2017.
What is a cryptocurrency?
Let me give a small intro about what a cryptocurrency is. A cryptocurrency is a digital thing designed to function as the medium of exchange using the method of cryptography to make the transactions secure and to control the creation of additional units of the currency. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.
Some of The bestcrypto currencies to invest in 2017
Really I would say that any major cryptocurrency is good to invest in for long term. And for me the best 5 major cryptocurrencies are:
The investment in cryptocurrencies has tremendously grown over the last few years and it would be increasing in the coming years. So it would be good if you chose in which cryptocurrency to invest in. So in which cryptocurrency to invest? Are you still confused? Let me make it simple by telling you which is the best cryptocurrencies to invest in.
In my opinion the good cryptocurrency to invest today is Ethereum.
Why am I saying this?? Am i mad??? No i am not… So read the reasons why should i invest in Ethereum.
Ethereum has the best long-term potential of any cryptocurrency. I know that right now bitcoin is still the King but its price is very high. Also now the price is getting low. And Ethereum is getting good leads and probably it will uncrown the BTC.
We can compare Ethereum to Bitcoin in the following charts:
In July 2017 Ethereum Blockchain got 163k transactions. This number is already almost half of the transaction of Bitcoin Blockchain. Ethereum is growing very rapidly. And it will in a very short order become the best cryptocurrency to buy. As the adoption of Ethereum continues to grow, its utility and value will grow exponentially
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Why Ethereum cryptocurrency Is a Good Cryptocurrency to Invest in?
The Ethereum cryptocurrency launched in 2015 is not just younger than Bitcoin but most of all the cryptocurrencies which gave it many advantages over other good and best cryptocurrencies.
That is the reason behind it getting to the NO.2 position after Bitcoin in that much less time. Which gives the idea how much potential Ethereum has and how much profit we can get.
The potential of Ethereum we can get by the huge gains we are getting this time. Its price has increased to 2300% this year which is a great success. It just has reached to 200$ but will give us great leads if we invest in this.
While the general public is just getting to know of Ethereumit has got the support of many good public giants. The recently formed Enterprise Ethereum Alliance has members like Intel, Microsoft, J.P. Morgan. Since their launch they hove got many applications for getting the membership.
There will likely be some growing pains along the way, but Ethereum wallet has a great team of developers. Ethereum’s founder, Vitalik Buterin is believed by everyone in his team. Also Ethereum is a new cryptocurrency, its developer have the extra advantage. That is learning from the mistakes that other currencies like Bitcoin did.
Here are some of the plans and upgrades that Ethereum wallet is working on:
- Scalability improvements– Raiden Network makes 1,000,000+ transfers per second possible. Ethereum wallet can currently handle about 15 transactions per second, while Bitcoin is limited to around 7 transactions.
- Unknown transactions– Zk-SNARKs will improve the privacy where the users transaction is made anonymous.
The Ethereum security is also very much evolving this time. Also they are doing there best so that the users can get the maximum benefit making it the best cryptocurrency to invest in 2107, 2018