August 2019 - Top Cryptocurrency Projects to Invest In
We've selected 5 projects this month that we think are worth investing in today to bring you potential profits in the future. These are based on our own analysis - always make sure to do your own research before investing!
- Bitcoin (BTC) - The Bitcoin halvening will occur within the next 300 days. Bitcoin dominance is currently at an all time high. We recommend buying Bitcoin before the end of the year and either holding for the forseeable future, or taking some profits by the end of 2020. The price of Bitcoin could be upwards of $1M by the time we reach 2030, while we estimate the price of Bitcoin could be between 20-40K by the end of 2020.
- Cardano (ADA) - The Cardano project is one of the most highly anticipated "not yet released" cryptocurrency projects on the market today. Cardano is backed by scientific research and is planning a massive infrastructure to support world-wide adoption in the blockchain space. Cardano is currently at an all time low, around 20 times lower in price than it was in February of 2018. The release of "Shelly", phase 2 of Cardano's project is anticipated to release soon, which may cause the price of ADA to jump. We see Cardano as a long term hold and don't expect to see Cardano's full potential unleashed until at least 2025.
TRON (TRX) - TRON is currently the most widely use cryptocurrency and DAPPs platform. Although most of TRON's current DAPPs are centered around gambling, TRON has made a name for itself through its CEO Justin Sun, who is known for his marketing tactics and also building a blockchain that is fairly easy to adopt, utilizing technologies like Node.js for developers.
TRON also seems to have a lot of support in the Eastern Asian countries and can be currently picked up for 0.017 cents. Recent rumors and Bitcoin dominance has caused the price of TRON to plummet, but we expect a recovery will occur soon enough.
- NEO - NEO is China's first open-source blockchain platform designed to facilitate creation of assets, contracts, and payments. It is sometimes called the "Chinese Ethereum" with its all time high being around $200 back in January of 2018. The price of NEO has been on a decline since its recovery to $20 and can be bought at just under $10 at this time of writing. With a multitude of projects based on NEO and prices at all time lows, we think its a great time to pick some up.
- Dropil (DROP) - Dropil is a project based on the ERC20 protocol and has services you can use today. The price of DROPs are currently at an all time low hovering around $0.0003. There are also rumors that Dropil will be releasing its own cryptocurrency exchange by the end of the year. We expect the price to move upwards in the coming months due to the efforts of the team at Dropil and the fact that the price has seemed to stabilize as of late.
Well there you have it! Five cryptocurrencies that we think you should be investing in. We will try and bring you guys an analysis of potential coins to invest in more frequently in the coming months. Feel free to let us know your picks in our discussion forum.