What can be the future of cryptocurrencies?
The cryptocurrency market maintains the bearish trend of 2018, and thebig question arises, What can be the future of cryptocurrencies?
Although in the short term everything seems to be adverse for the cryptomarket, and there really are reasons to justify it, the future may not be sobad, and even with some optimism, it may be promising. The crypto market is in”debugging” mode, after the number of forks in 2018, and the number of nonsense projects that came out in the 2017 boom. Reviewing the list of CoinMarketCap, more than 2100 cryptos are observed, clearly they can notsurvive all. Hopefully if 10% of all those go afloat.
Whenever you invest in a cryptocurrency you should ask yourself: What does this project offer? If you can not answer that question, it sure is as hitcoin.
If you enter the cryptocurrency market at this time, you must”bet” if or if for medium and long term projects. If you are as hort-term speculator, it is best to invest in crypto through CFD, since you can benefit both in the rise and fall of the digital asset.
The main objective of the CFDs is to reflect the evolution of individual cryptocurrencies in the main cryptographic exchanges. Therefore, they are analternative to the cryptocurrencies listed in the exchanges.
In the long term, there will be very few projects that survive in the ecosystem of digital assets. A few days ago I published a post of which are the cryptos that I think may have a future. Some of them are BTC, BNB and XRP.
What I have no doubt is that Bitcoin will continue to be the great leader in this market of digital assets, its main function being a reserve of value, and then for sending remittances.
Another interesting cryptocurrency to bet in the medium term is Ripple, since it is entering fully into the remittance sector, a market that moves billions year after year. In addition, it has the support of important financial institutions, such as Santander.
To conclude, I think that the cryptocurrency market offers interestin ginvestment options for the future, but we must be cautious when investing, since it is a high risk market. I think that in no case should the investmentin digital assets exceed 20% of the portfolio of personal assets.
Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.