The main current cryptocurrency, due to capitalization and presence in the headlines is Bitcoin, offering an appreciation of 2.064 percent in the last twelve months with a price on the spot market of 10,000 dollars.
However, maybe it’s not the best investment in cryptocurrencies for its trail and the price it sets, both cash and futures that jump-started last Sunday. So, George Tung, co-founder of Cryptos R Us says that we will see other virtual currencies that exceed the capitalization of Bitcoin in the next three to five years.
And Hitesh Malviya of ItsBlockchain.com reminds people that the increase that we have recently seen in Bitcoin can be seen long term in any other cryptocurrency. “The industry is new and it will take at least a few years to become a main trend. I see ten times earnings of the investment, as the ones of Bitcoin from this year, in many cryptocurrencies.”
The problem is that investors barely know Bitcoin when there are already over 1,300 cryptocurrencies in the market. Only in the coninmarketcap.com screens offer the one hundred largest by capitalization. Yes, Bitcoin leads the list with $285,000 billion, but number 100, Chainlink, already capitalizes 87 million dollars.
Although it is not easy, experts explain there are four key factors to choose a good virtual option in the unknown world of cryptocurrencies.