During the market instabilities many investors are looking for an asset that could store the value of their portfolio for a short period of time, while prices on other cryptos are calibrating - cashing out is not always the best choice because of the high fees so the option to stay in the "save cryptocurrency" sounds like the smartest solution. Today I am going to introduce you TOP 5 rock solid cryptocurrencies that in my opinion could save your party during market bloodbaths.
#5 - Litecoin (LTC)
(+): availabe almost everywhere, smartphone wallet storage possible
(-): very popular, high volume, Bitcoin alternative, mineable coin
Litecoin - a "dead crypto" that has been "resurrected" in April 2017. Since then it has earned it's place among TOP 5 cryptocurrencies with highest market cap and "stabilized" it's price. Even though the price is usually between 35 and 50 dollars many investors use it as a "save haven" when Bitcoin is bleeding. it might be the easiest way to dodge the bearish trend on market, but surely not the savest one. The big support on different exchanges and markets makes it extremely available but also gives it a high daily volume. Because of it's wide adoption you can also store your portfolio in LTC smartphone wallet, if that makes you calm. There is literally no scenario in which Litecoin goes down. Still though the price can tremble a bit from time to time.
#4 - Ethereum Classic (ETC)
(+): low attention, widely availabe
(-): mineable coin, high volume
Since Ethereum's fork in 2016 Ethereum Classic has recieved a lot of attention and support from miners which still believed that one day ETC would surpass ETH by market cap. These days have never come, but ETC still made itself comfortable among the other top 10 cryptocurrencies, it's still mined (thanks to it's low global hashrate), but the overall attention to ETC has decreased since ETH got over 1000% of rise this year. That makes ETC a good cryptocurrency to store value in, because it's prize is not looking like moving anywhere anytime soon - it's probably going to bounce around 15-16 dollars. When there are major bearish trends in cryptocurrency market ETC takes a hit too, but significantly smaller one than other cryptos.
#3 - NEM (XEM)
(+): not mineable coin, good ecosystem, high coin supply, low attention
(-) can be affected by overall market trends
New Economy Movement is a very genuine coin in many ways. The most spectacular thing about it is it's PoI (Proof of Importance) system which offers a good concept for a decentralized ecosystem. It is 100% new code and it's different from the other cryptos out there. After it's big pump in April 2017 the price of NEM has been decreasing slowly, but it did not encounter any major price drops which is a good sign of the coin's support and correction that will stabilize it's price in the near future. A big marketcap secures the price to stay around 0.15$.
#2 - Monero (XMR
(+): no major price spikes since May 2017, little to no affect during majot bearish trends, widely availabe
(-): mineable coin, low total coin supply
Monero probably has surprised many people involved into cryptocurrency as it's promising security and top notch anonymity features haven't brought any huge success for the coin. While other cryptos were skyrocketing at the end of April 2017 Monero has reached a humble all time high of 56$ per coin. Good thing is - even though it did not reach "the moon", it hasn't crashed either. It looks like in upcoming years Monero can serve as a good keeper of the value even during major events like Bitcoin's August the 1st.
#1 - Tether (USDT)
(+): Binded to the prize of US dollar, big total coin supply, huge market/exchange support, almost no prize volatility (all time high - 5%)
(-): none - it's perfect for storing the value
Many people hate on Tether because it's not "a real cryptocurrency". The fact is - it's stil a great tool for cryptocurrency trading once you know how to use it for your advantage. It's binding to the prize of US dollar makes it a digital crypto copy of the fiat currency which means you can literally buy "dollars" and at the same time stay in the game without making any comlicated moves to save your money. Most of the major markets (Bittrex, Poloniex, Bitfinex, Kraken, Cryptopia etc...) have different USDT pairs that you are able to use in order to move your savings into Tether. If there is a bearish trend coming up on market - Tether is your ticket out of the hell - the best way how to dodge the upcoming prize drops, save your portfolio, your nerves and some cash that you would normally use for cashing out-and-in transactions. That's why Tether is #1 on the list.
Now you know where to store your portfolio (Tether!!! Nowhere else!!!) while market's bleedin'! I hope you've enjoyed reading this article. Happy trading and as always - have a nice day :)