For those involved in the altcoin space, it must feel like a lifetime since the golden days of 2017. In fact, if you failed to commit to an alt-coin investment until the turn of 2018, then you’ll potentially sitting on a sizeable loss.
However, this isn’t to say that the altcoin arena is dead. On the contrary, there is a range of notable altcoin projects operating in the blockchain asset sphere that still have significant levels of potential. While some of these projects are more established, others are still at the very start of their cryptocurrency journey.
Here we discuss 10 of the top altcoins to invest in 2019. Before we delve into the list, just remember that altcoins, as well as the wider cryptocurrency industry, is a highly speculative marketplace. As such, only invest what you can afford to lose and always perform your own research.
Anyway, in no particular order, here’s our list of the 9 top altcoins to invest in 2019.
1. Ripple (XRP)
Ripple and its XRP token has to make our list for the simple reason that the organization are still forming significant partnerships in the financial institutional space. This includes some of the most established banks in the financial services industry, across multiple jurisdictions. One of the key reasons that the price of XRP has yet to explode is primarily due to the fact that the xCurrent protocol does not actually require the token to fulfill its needs.
On the other hand, the xRapid protocol does require the XRP token and thus, if and when financial institutions begin to utilize the technology to facilitate cross-border payments, demand for Ripple could go northwards. At a current price level that seems to hover below the $0.40 mark, you can potentially still buy ripple cheaply.
2. Binance Coin (BNB)
It might come as a surprise to see the Binance Coin make our list, especially when once considers its somewhat limited use. For those unaware, the Binance Coin provides users of the Binance exchange with a 50% discount in fees when they trade Bitcoin and hundreds of other digital coins. Other than that, its intrinsic value doesn’t really offer anything else.
However, it’s important to remember just how big Binance have become, and how much bigger they are likely to get. Not only are crypto exchanges such as Binance accustomed to trading volumes that often surpasses the billion dollar threshold, but the platform has since expanded into the European market. With all that being said, demand for the BNB altcoin should remain strong for as long as the platform continues its dominance. If you’re interested in buying Binance Coin , you can try our recommended partner eToro which also offers a free Binance Coin wallet too!
3. Stellar Lumens (XLM)
Although Stellar and its Lumens token is slightly down in 2019 thus far, the project has some great potential. The technology itself has the capacity to facilitate cross-border payments in rapid speed, and at ultra-low cost. The team at Stellar have illustrated that they’re capable of forming significant relationships with some of the world’s biggest companies.
For example, the likes of IBM are already trailing the technology to assist with their internal cross-border payment settlements. Moreover, Stellar Lumens is one of the few chosen tokens to list on Coinbase, so it also has substantial exposure to one of the largest exchanges in the industry.
Ultimately, if Stellar can partner with additional blue-chip companies over the course of the next few quarters, then demand for the token could follow suit. Interested in buying Stellar? Check out our guide to buying Stellar Lumens now or visit the link below to get started.
4. UnikoinGold (UKG)
You might not have heard of UnikoinGold (UKG), not least because the value of its token is worth just a fraction in comparison to its 2017 all-time high. Nevertheless, the project is looking to revolutionize the ever-growing e-sports industry by allowing users to gamble on the outcome of competitive gaming titles such as Dota 2, CS:GO and Fortnite. Nothing like this exists in the gaming world, other than a range of unlicensed third parties that have no affiliation with any of the titles in question.
On the contrary, not only are UKG currently in receipt of gaming licenses from the likes of Malta and the Isle of Man, but the underlying technology has the capacity to verify, validate and subsequently distribute winning bets directly to the player, without needing an intermediary.
5. XYO Network (XYO)
There can be no denying how useful the likes of Google Maps is in the modern world. However, the underlying capabilities of current GPS technologies are often highly inaccurate. Moreover, proof-of-location is yet to be achieved on a mass scale, meaning a huge gap in the market still exists. This where the team at XYO come into place.
The company behind the project — XY Findables, already have more a 1 million location beacon devices circulating in the real-world, illustrating that they know this marketplace well. The project is essentially looking to put location data on to the blockchain through the use of powerful location protocols.
In terms of the XYO token, this will eventually act as the proprietary currency for those looking to utilize the proof-of-location services that the XYO Network platform provides.
6. Blockport (BPT)
Although it could be argued that the cryptocurrency exchange sector is very quickly becoming over-saturated, there is most definitely room for a platform that focuses primarily on beginners. Not only is Blockport building their exchange to appeal to newbie traders, but they are also working on a copy trading feature that looks highly innovative.
The process will follow the same principle as copy trading platforms such as eToro, subsequently allowing investors to follow the cryptocurrency trades of top performing traders. The idea behind it was to give support to inexperienced traders, like auto trading robots such as Bitcoin Profit do. The sensible thing about the Blockport model is that in order to access the copy trading feature, users need to pay their fees with the BPT token.
As such, although this particular section of the exchange platform is yet to be launched, if it is a success, it could result in demand for the project’s native BPT token.
7. Basic Attention Token (BAT)
When it comes to making investors money, Basic Attention Token (BAT) is one of the few cryptocurrencies that has actually made a profit in 2019. In fact, with the BAT token costing $0.13 at the start of the year, and taking its value of $0.26 at the close of March, holders have practically doubled their investment.
One of the key reasons for the continued growth of BAT is that it is openly tradable on leading cryptocurrency exchange Coinbase. This gives the project great exposure to the wider cryptocurrency community, not least because Coinbase are very selective with the blockchain assets they list on their platform, and they allow you to buy crypto with a debit/credit card.
For those unaware, the team at Basic Attention Token are looking to revolutionize the online advertising space through its native web browser Brave. In return for viewing advertisements via the Brave ad network, users are rewarded with BAT tokens.
8. Tezos (XTZ)
An additional altcoin that has bucked the trend in 2019 is that of Tezos. The project is a direct competitor to Ethereum, insofar that it aims to target the smart contract space. The Tezos platform takes things one step further by utilizing an on-chain governance system.
Nevertheless, at the start of 2019 the Tezos token was valued at around $0.46. At the time of writing on March 29th, the token is now trading at $0.81. This illustrates a 76% growth for Tezos holders in a marketplace that has otherwise been very unkind to cryptocurrency investors.
Moreover, with a group of advisers that includes the likes of Zcash founder Zooko Wilcox, Tezos has the backing of some highly experienced stakeholders.
9. Kucoin Shares (KCS)
An additional exchange-backed altcoin that we feel should make our top 10 list for 2019 is that of KuCoin Share (KCS). The altcoin performs a slightly different function to the Binance Coin, insofar that token holders get a share of trading fee revenues.
Kucoin Shares has outperformed the wider cryptocurrency marketplace quite considerably so far in 2019. At the start of the year the altcoin was priced at $0.62. Almost four months later it is now priced at around $1.50, illustrating growth of more than 140%.
10. Zcash (ZEC)
Consumer appetite for privacy coins appears to be getting stronger. At the forefront of this is Zcash. Not only does the project have the backing of a notable team of developers, but price-wise, the project has performed reasonably well since the turn of 2019.
At the start of the year, Zcash could have been purchased on the cheap at just over $56. However, just five months later in May 2019, the price hit $76, subsequently illustrating an increase of approximately 36%.
Best Altcoin Investments for 2019 – The Verdict?
While altcoin investments are super high-risk, there is still the potential that certain projects will make it big. If you do have an appetite for an altcoin portfolio, then you’re best bet is to diversify by holding multiple tokens.
Ultimately, it might only take one of your investments to take off to see some considerable gains. Just remember that there is never any guarantee that any of the altcoins listed in our top 10 list will ever recover to their previous all-time highs, so just make sure that you understand the risks, and that you perform your own research.
To start investing in altcoins, you can check out eToro, which is now available to US customers where you can buy over 15 coins.