Note: I am not a financial advisor nor I am asking anybody to invest. This is just for information purposes, so invest on your own.
Before you put your money into any cryptocurrency or any type of investment, make sure you know exactly what you are getting into. Please make sure to do your own research, you would not go out and buy a house without check the walls, the floors, electricity or the plumbing and the same thing goes for cryptocurrencies, don't just dump your money into something because you heard someone else say it on the internet.
The cryptocurrency market has grown dramatically, there are a lot of new people who are looking to get into cryptocurrencies and a lot of times because we do have 1584 currencies right now, it can be a bit daunting to know exactly where to put your money.
A year ago this may have been a bit easier because prices were a lot lower than they are now and for the same reason you putting $100 into Bitcoin when it's about $8,869 doesn't really make much sense because you won't make as much profit as it would be if you put it into a coin that has a smaller dollar value at the moment.
I'm gonna be going over five coins that I think are safe bets when it comes to putting your money into cryptocurrencies. Cryptocurrencies, if you do not know is a very high risk, extremely high-risk investment, it's more so than the stock market or anything else but because there's such a high risk there's also a high chance for a high reward.
There are a lot of coins out there but I believe many of them are extremely undervalued because of what is happening in the market and exactly where the market is heading as we move closer to the summer and as we move closer to the end of 2018, this is a year regulation and as regulations start getting passed through the entire market, I believe certain coins will exceed more than other.
I believe there is a lot of room in this market for growth and there are a lot of different coins that show the promise of huge growth going into the future.
Ripple (XRP)
I like Ripple because the entire point of Ripple was to be the coin or the network for banks because if you're trying to send money overseas it takes days, when you send the text message it takes second, so their point is it should be taking you seconds as well to send value across borders or to your friends and family whoever you are trying to send it to.
EOS
The entire point of this project is they claim to be an upgraded version of Etherium, they call themselves the Etherium Killer. The entire idea behind this is that they want to build gaps or decentralized applications so it's kind of like what you have on your phone but on top of this entire platform and they want to have thousands of them running through their network in the exact same time not trying to spend too much time talking about each individual project but there's a lot of hype and enthusiasm around the EOS project for what they say that they can do and at the moment they say that they are able to process more transactions than Etherium and Bitcon and many other coins combined. If this is true there is a very big upside to exactly where EOS will be by the end of 2018.
IOTA
There are a lot of people who have come out against IOTA but the IOTA project in the IOTA team is very strong regardless of what is happening in the project right now regardless or what may or may not be a fault in their project, these things can be fixed is all on code and technological things that can be ironed out.
Golem (GNT)
Golem aims to be the world supercomputer as daunting as that may sound. They say that if you have leftover computer processing power that you were simply not using because you're on Facebook and you know the rest of it is not being used, you can give this power to other people who are working on major projects, people who are whether they are editing something online, people who are trying to figure out something out some type of mathematical problem.
A lot of scientists are talking about using Golem as a world supercomputer to try and find cures for diseases a lot quicker.
Basic Attention Token (BAT)
I believe that the coins that are going to make it are things that become integrated into social media that people will be able to use on a daily basis and this is exactly what BAT aims to do.
They want to be the coin that people are using on social media platforms they want to be able to if you are watching someone's video on YouTube or anywhere if you like their blog if you like their live steam you go I like this instead of you sending them throwing pennies at the screen, you can just send BAT instead.
Do let me know what you think about these coins.
Thanks
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