So, you are new at crytocurrencies? Wondering where to start? This week, we’ve rounded up 5 cryptocurrencies that we think look promising and may go up quite a bit. 

1: Cardano

Cardano is a PoS, perhaps even the founding father of PoS, cryptocurrency. PoS means that the currency cannot be mined and you can create more cardano by instead “staking” currency you already have. As of today, Cardano has a circulating supply of 31,112,484,646 ADA coins and a max. supply of 45,000,000,000 ADA coins. This means that the max has nearly been hit and when supply drops, demand increases. This already means that Cardano will go up, but on top of that, we can see a steady increase over the past month and a peak back in 2018 of 74p. At the moment, the currency is worth 15p so we can assume a x4 return at least. These reasons make Cardano a lucrative opportunity.

Cardano started the year on 4p and is now 15p.

2: TRON

Tron is another PoS crypto that is designed in order to create decentralised apps, or dapps. Their goal is to create a decentralised internet. Snazzy! Tron started the year on 1p and is now 2p. They peaked back in 2018 with a price of 14p. However, we can assume that Tron will go higher than that this year as cryptos are much more openly accepted this year than back in 2018, where Bitcoin peaked then fell massively.

3: Ripple

Ripple is a crypto unlike any other, it is impossible to stake or mine Ripple. It can only be bought. It is designed as a “green” cryptocurrency. If we look at 2018, we can see that ripple ended on a MASSIVE $2.78, up from a price of 59 cents right now. That’s a x6 investment possibly. Ripple also rose a sharp 20p just earlier this week, and this is once currency that you should definitely invest in.

4: Waves
Waves is a cryptocurrency which has shot up in the past year, with an incredible 1500% increase of price. You should 100% be investing in this crypto right now if you want a good profit, because this currency is shooting up and is going to be massive. It can also be staked, so that currency you buy can become higher!

5: Bitcoin

The granddaddy of cryptos, Bitcoin is a fabulous currency that seems to just keep going up. Bitcoin is pretty safe as an investment and can be mined if you have a nice little rig. As you’ve seen from this article, I personally prefer staking, but mining is also a great option.

Ranking 

I think that Waves is the most lucrative opportunity here, followed by Cardano, Ripple, Tron and finally Bitcoin.

Thanks for reading, cryptocurrency enthusiasts, and see you in the next edition of The Weekly Crypto Roundup