Although digital currency performance in 2018 was not as expected, it is still attracting new investors this year. However, most newcomers find it difficult to find the best digital currency for investing, which, of course, is not far-fetched with the multitude of currencies. So in this article we will introduce the best digital currency for investment.
In this regard, we are going to look at some of the important leading cryptocurrency and how to rank them according to Weiss rankings. Weiss rankings are based on objective computer models driven by sophisticated algorithms with large volumes of data, regardless of each analyst’s personal view of the process. Weiss Ratings rank the currencies based on four technology models, adaptability, risk and reward that are best digital currency for investment as follows:
A = excellent, B = good, C = fair, D = poor, E = very poor.
Here’s a look at the best digital currency for investing.
The top 5 currencies from the adoption aspect. In this section we examine the top 5 currencies from the adoption perspective.
1 Bitcoin (BTC)
Bitcoin has earned an overall “B” rating with an “A” for technology and adoption. Not surprisingly, Bitcoin is the best digital currency to invest in and BTC is by far the most prestigious and authoritative crypto. Companies like Microsoft, Expedia, Subway, Virgin Galactic and Lamborghini all accept bitcoin. Various exchanges also play a big role in providing bitcoin as a buy option for investors.
2 Ethereum (ETH)
Ethereum has earned an overall “B” rating for adoption and an “A” rating for adoption and technology. But it has a risk / reward of “D +” which is lower than the bitcoin “C-“. According to Weiss’s algorithms, bitcoin is a bit more secure in terms of risk and reward than Ethereum. According to DApp.com, Ethereum is the first and leading Decentralized Application Development Platform with 72,422 people using Ethereum-based DApps. Decentralized Exchange (DEX) accounts for more than half of Ethereum DApp volume. Then the gambling apps are in the second stage. Gamers are the most active Ethereum DApp users, accounting for over 40% of Ethereum DApp users daily.
XRP is rated “A” for adoption and “D +” for risk and reward. According to Weiss, the security of investing in XRP is as high as ethereum and a bit more risky than bitcoin. With over 35,000% growth in 2017, XRP has proven to be very profitable for early investors.
4 Litecoin (LTC)
Litecoin ranks fourth for technology and adoption with a “B +” rating and “C” for risk and reward. Litecoin comes from Bitcoin source code, which was created to provide faster transaction times and lower transaction costs.
Litecoin has partnered with Travala.com, which is a hotel reservation infrastructure in Blockchain. As part of the deal, users can reduce their hotel costs by up to 40% by paying with Litecoin. Given that Travala has a portfolio of nearly 600,000 properties, this partnership could have a significant impact on Litecoin adoption.
5 EOS (EOS)
EOS ranks 5th with “A-” for Technology / Acceptance and “C-” for Risk and Reward. EOS has about 281 DApps built on its platform, most of which are DApps gambling followed by DApps and DEX games. EOS is still in its infancy.
Top 5 digital currencies in technology
To know the best digital currency for investing, we need to know the top 5 digital currencies in technology.
1 Ethereum (ETH)
Ethereum has been rated “A” in the digital field. Ethereum has introduced smart contracts and DApps into the cryptographic world. Ethereum is moving to Ethereum 2.0, which uses Shading technology to fix the scalability issues that plagued Ethereum, especially in 2017.
2 stellar (XLM)
Stellar ranks second with “B +”. Stellar is technically the same interface as Ethereum and Ripple Stellar can be used to create DApps, issue smart contracts and create new Ethereum-like tokens and transaction costs less than a penny like XRP. This has led developers who are worried about Ethereum scalability issues to opt for one of the ICOs called Mobius instead of Ethereum on the Stellar network.
3 Cardano (ADA)
Cardano ranks third with “B +”. Cardano is a chain platform that is still in its infancy and all its progress is being investigated by a global team of scientists. At present, Cardano has just expanded its ADA RAMS, DApp smart contracts and development still have a lot to do. Cardano seems to be moving slowly and steadily to avoid the problem of scalability of cryptocurrencies such as Bitcoin & Ethereum.
4 NEO (NEO)
NEO ranks fourth with “B +”. NEO was originally known as “China Ethereum” because its price as a smart contract development platform represents a dramatic increase from 14 cents to more than $ 100 a year (January 2017 – January 2018).
5 ONTlogy (ONT)
The ONT is rated “C +” in the pinnacle. This digital currency allows businesses to install private and public blockchains for their businesses. For example, a company can store sensitive information on an ontology blockchain that is private and store other information in the NEO public blockchain. This allows organizations to manage different types of data effectively.
Top 5 currencies with investment reward criterion
Next, identifying the best digital currency for investing will examine the top 5 currencies with an investment reward criterion.
1 Litecoin (LTC)
Litecoin is the best digital currency for investment based on the “C” rating component of the investment reward criterion. According to Weiss’s audit algorithms, it is quite reasonable to invest in a risk-to-reward ratio.
2 Bitcoin (BTC)
Bitcoin ranks second with “C-“. This could be due to the bitcoin’s sharp volatility and its long-term downside. According to Weiss’s bitcoin algorithms, it is a fair investment-in-risk ratio.
EOS ranks third with “C-“, another “fair” rating by Weiss. It has risen about 7 times its ICO price, which will reach 21 times its highest peak, with EOS tending to fluctuate and giving investors ample opportunity to buy and cash.
4 Binance Coin (BNB)
BNB ranks # 4 with a “C” rating. BNB 375 is $ 0.10 above the original price, BNB has increased further since Binance’s Initial Exchange (IEO), which requires BNB to engage users. BNB is also used in Binance DEX (decentralized currency exchange) to exchange less prominent cryptocurrencies. The BNB has a “fair” rating according to Weiss Ratings algorithms.
5 Cardano (ADA)
The ADA ranks 5th with a “C-” rating. Cardano has a “fair” rating, with ADA growing more than 100 times shortly after release, but prices have since fallen and are looking to move to the accumulation stage.
Top 5 currencies based on investment risk
The last component of the best digital currency for investment is identifying the top 5 currencies based on investment risk.
1 Bitcoin (BTC)
Bitcoin is the best digital currency for investment with a “C-” rating. He sees Whispering’s rating as a relatively low risk investment.
2 Binance (BNB)
Binance ranks second with a “C” rating. According to Weiss’s algorithms, BNB is a little bit more dangerous than bitcoin but is still relatively low risk.
3 Bitcoin SV (BSV)
Bitcoin SV ranks third with “D”. Bitcoin SV gets a “poor” rating by Weiss because of its investment risk and as a general rating and sees it as a risky investment.
4 Ethereum (ETH)
The atrium is in the 4th position with a rating of “D +” and an overall rating of “B”. According to Weiss algorithms it is dangerous but still better than other top 10 non-coders.
5 Ripple (XRP)
XRP ranks # 5 with a “D +” rating. Weiss sees it as relatively risky, but still in the top 5 with a “B” rating.
This paper examines the comparison of currency codes from the Weiss standard view with the components of adaptability, technology, return on investment and risk taking. In this section of the best digital currency for investing, we present the top 10 digital currencies by overall rating:
- Bitcoin (BTC) – The first decentralized currency code, the most valid and accepted digital currency, which is recognized as a valuable asset.
- Ethereum (ETH) – first blockchain development platform, less expensive than bitcoin and faster transactions.
- Ripple (XRP) – 3-second transactions, costs less than 1 cent, with more than 100 banks worldwide transferring money.
- EOS (EOS) – Full development of blockchain, fast and low cost transactions.
- Litecoin (LTC) – Deals faster and cheaper than Bitcoin.
- Binance (BNB) – Binance coin is used in Binance DEX, which is recognized as a valuable asset.
- Cardano (ADA) – Scalable development of the blockchain, each update is reviewed by a team of global scientists.
- Stellar (XLM) – 2-3 seconds trading, cost less than 1%, also acts as a blockchain Development Platform. Like the interface between XRP and Ethereum.
- TRON (TRX) – blockchain based entertainment content sharing platform.
- Monero (XMR) – Privacy-centric allows users to anonymously send and use money.