REASONS TO INVEST INTO CRYPTOCURRENCIES THIS YEAR

Its my first post of the year and am very excited to wish us all a Happy New. I have been so excited about the opportunities that presents themselves to everyone who is into the cryptocurrency world like me.

Statistics have shown that in 2017 the crypto world gained advances in all ramifications. For example in January 2017 1BTC was equivalent to about $1,000 but rose to about $18,000 by December 2017. Same goes for other cryptocurrencies like,

ethereum,
ripple,
neo,
litecoin,
dash coin,
monero,
steem dollar and STEEM etc

Studies have shown that if you invested at least $1,000 in any of these by January 2017, you would have been at least $14,000 richer depending on which one you invested in.

THE RIPPLE

The Ripple coin has a great perspective this year as its gradually gaining ground in the crypto market as well as in our day to day activities. The money gram has officially adopted it as one of her pay out currencies due to its notorious nature of fast transactions. Some major banks have also done thesame.

Now of what good is it to investors?

The fact is that if you bought a commensurate amount of the ripple before it becomes superbly notorious for transactions which will give it more value in the market, then you are sure of becoming a fortune sooner.

How does that apply?

The higher and greater the market cap of a cryptocurrency which shows the amount per unit in circulation, the higher the price of the particular cryptocurrency. Thus ripples centralization effect soon will put it at a higher pedestal than any other says experts.

THE ETHEREUM

Many have said in the past that it may surpass the bitcoin in the crypto market. This has so far proven itself. I remember when 1Ethereum was about $150. Today 1Ethereum is about $1,115. So far, it has shown so much increment and still is. But worthy of note is that even if it surpasses the bitcoin today or not, it will not stop appreciating. Therefore an investment in the Ethereum holds a bright tomorrow for its investors.

THE BITCOIN

It's one cryptocurrency that has made many millionaires in the past year and is still making many even now. No doubt, whereas the price of 1Bitcoin to the USD is far more higher than that of any of the above crypto, the chances of making more profits from it is not as high as the Ripple for example. This is because the Btc has made so much name for itself that you will need a fortune to invest in it if you want to gain big time from trading on it.

In the above chart which is self explanatory you will notice however that the position of the Btc isn't at the top hence it's chances of making you a whale except like i said before you are investing a fortune into it.