Cryptocurrencies appeared out of nowhere, and their growing popularity took many by surprise. The early believers made and lost fortunes then made and lost them again, due to the extreme volatility governing the industry.
Lately, the cryptocurrency market calmed a bit, signaling a more mature approach by both investors and traders. Every cryptocurrency trader keeps thinking on the late 2017 rally when virtually all cryptocurrencies advanced in parabolic moves. Bitcoin, the leading cryptocurrency, almost reached $20000, making a lot of traders wealthy beyond their wild imagination.
Obviously, the parabolic advance brought attention to the media, and the FOMO (Fear Of Missing Out) made people buying right before the peak. The market corrected ever since, but investors still believe crypto is the future of money.
If that’s the case, what is the best cryptocurrency to invest in? At the end of last year, there were over 1600 cryptocurrencies, and the number rose to 2322 in late July 2019.
One can’t trade them all. It’s impossible to spread an investment having so many options. However, picking the right ones to build a crypto portfolio might just be the appropriate way to invest.
Here’s a guide for choosing the best crypto to invest in 2019.
Read more: https://blog.fxopen.com/best-cryptocurrency-to-invest-2019-edition/
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