Keeping up with the cryptocurrency market is exciting and challenging all at the same time. Almost instantly, a new cryptocurrency is introduced, While this provides us with more opportunities to invest, it can be quite a headache if you’re new to the cryptocurrency market.
If you’re a new trader, you’ve probably asked yourself: which cryptocurrency should I trade? Let’s breakdown the cryptocurrencies to look out for in 2019.
Bitcoin is still the king when it comes to cryptocurrency. As of today, Bitcoin is worth over R116 000. With this value, it’s quite an attractive opportunity and currently, there are 21 million (and counting) coins available. Bitcoin is quite a stable cryptocurrency and it will take A LOT to completely manipulate the price.
Litecoin is a Bitcoin fork – Bitcoin software with a change in the code. Launched in 2011, the cryptocurrency block generation is fast and currently, there 84 million coins in circulation. It’s worth over R1200.
Ranked as the second most popular cryptocurrency, Ethereum is both a cryptocurrency and a decentralized computing platform. It’s used to create decentralized applications for mobile and desktop applications. It’s currently worth over R2900 and because of a loyal community, the value with always be stable.
How to start trading cryptocurrency?
There are many things you need to do before you start trading. First, you need to look at which cryptocurrency to trade. Then, it’s doing more research into your trading style and strategy. If this seems daunting to you, then looking at how experts have done it will be a good start.
The next step is looking at trading platforms and finding one that suits your trading style and is secure.
To find out more about cryptocurrency trading, book your FREE seat at our financial education trader seminars!