Most people investing in crypto coins at first look to Bitcoin. However, the reality is that Bitcoin is very expensive and for new investors can be very intimidating.
On the other hand, Bitcoin in some cases can be less profitable than other cryptos since they usually gain more value during bull markets.
So let’s discuss good coins to invest in for new investors.
- Cardano (ADA)
Cardano is a platform for running dapps and smart contracts with a large potential for growth.
Cardano was founded in 2015 and the coin was launched in 2017. It has the first blockchain that was created from a scientific philosophy and investors are rapidly adding ADA to their portfolios.
It is also known as the Ethereum of Japan, currently is the 11th largest crypto coin by market cap and is sitting at $0.09 today. However, the total supply of Cardano is very large (over 45 billion), which is why it won’t go up in price too much in the near future. Your Cardano holdings can be tracked on your coin tracker, so you don’t have to worry too much about your assets.
- Stellar (XLM)
Stellar is an open source technology for payments that aims to reduce the cost and time of international transactions.
Stellar was founded in 2014 by Jed McCaleb, co-founder of Ripple, and since then gained immense popularity in the crypto community.
As stated by the Global Coin Report, the Stellar network, compared to Ethereum, has functions such as multi-signature, atomicity, time-bound functions and has far safer smart contracts.
Stellar is now the 10th largest coin by market capitalization and is traded at $0.126. Stellar will only go up from here, just watch the XLM news and see.
- Icon (ICX)
Icon is trying to create a world with no central point by connecting multiple crypto coins and blockchains. It allows independent blockchains to transact with each other. Icon is a platform with a mission to hyperconnect the world.
Icon also runs its own DEX (decentralized exchange) and has a smart contracts feature that potentially allows implementing more features than Ethereum.
Icon is currently ranking 48th in CoinMarketCap.com with a value of $0.39.
Qtum, founded in 2016, is a blockchain platform for decentralized applications (dapps). The currency is a hybrid that utilizes Ether’s smart contracts feature and Bitcoin’s Blockchain.
It also is the first Proof-of-Stake smart contract platform incorporating decentralization and proficiency in one platform. Qtum is associated with large companies such as Amazon, Google, Starbucks and many more.
According to CoinMarketCap.com Qtum is ranking 32nd based on market capitalization and the price is sitting at $3.20.
- OmiseGO (OMG)
OmiseGO is doing what cryptocurrency was originally meant for: reforming the financial industry. The OMG network is accessible, secure, scalable and decentralized. OmiseGO is building a decentralized exchange, liquidity provider mechanism, clearinghouse messaging network and asset-backed blockchain gateway. It is a truly decentralized open distributed network that allows the exchange of currencies ranging from crypto-assets to fiat currencies.
The whitepaper of this unique and interesting cryptocurrency was published on June 17, 2017 and was initially priced at $0.5. As of June 2019 the OMG crypto-coin is ranked at 33rd spot based on market cap in CoinMarketCap.com. The price of the currency rose by 378% sitting at $2.02 now.
Certainly, there are more crypto coins to follow such as Tezos and many more. However these are the ones you should definitely look into as investment opportunities. If you want to make investing easier, look into the crypto portfolio tracker guide.