Cryptocurrency has witnessed multiple ups and downs over its short lifespan so far. The Bitcoin remains the most popular cryptocurrency despite experiencing some hard knocks, and Ethereum is a close contender to it. 2019 promises to be another exciting year for this market, with hundreds of varieties of cryptocurrency to invest in now. While you should evaluate each cryptocurrency carefully before putting your money into it, here is our take on some of the best new cryptocurrency to invest in for 2019.
This is an offshoot of Bitcoin and has risen from its introduction in 2011 to one of the best cheap cryptocurrencies to invest in. It can be used in both regular blockchain projects and also in place of fiat money. It is thus a highly versatile cryptocurrency and well worth your money in 2019.
Tron is another exciting new option that is one of the best cryptocurrency to invest in 2019. Despite the fact that it only entered the market in 2017, it has already gone up considerably in value. Justin Sun, the founder of Tron, recently purchased the BitTorrent network and announced plans of developing a new cryptocurrency that operates on both networks. This could lead to significant growth and profits and is likely a risk worth betting in 2019.
Stellar lumen (XLM)
This cryptocurrency recently grabbed the attention of the market with the announcement that Greyscale Investments, a digital assets company has set up a Stellar Lumens trust. The cryptocurrency was made in-house by Stellar Development Fund and is already witnessing high demand and possible application in industries such as banking. Given this, XLM is likely a solid new cryptocurrency to invest in if you’re looking to make some money in 2019.
This is a brand-new cryptocurrency and one of the best digital currencies to invest in now. Apart from an asset managing platform, Caspian allows you to set up and exercise control over your new fund through a designated dashboard. They have also announced a partnership with Coinbase in order to reach out to a larger audience, making them a good choice for investment in 2019.
Zcash is a cryptocurrency focused on privacy, and you can shield your transactions or keep them transparent subject to certain institutional standards and laws that require disclosure. It is thus the ideal cryptocurrency for traders concerned about privacy.