Unless you are a day trader, looking to make quick daily gains, then you need to ensure that you are holding the right coin. The last thing you want is to HODL a coin that may not amount to much in the long run. So many opportunities would pass you by, opportunities that would have made you wealthy if the money you put in the wrong coin was invested elsewhere.
While it is difficult to determine, which coins will outperform in the long-run, some coins do hold a higher than average probability of doing well. For instance, going into 2019, Litecoin (LTC) stands a good chance of performing well. The reason behind this is the block halving coming in August 2019. As this date approaches, there will be lots of FOMO around LTC and it will lead to a massive increase in price. This FOMO will be pushed by the fact that previous block halving for both Bitcoin (BTC) and Litecoin (LTC) have led to massive price increases in the past. This expectation makes Litecoin (LTC) a solid buy at current prices, given that it is trading at its lowest point in a year. At the moment, even if drops down further, it would most likely test $39, along the weekly 200-day moving average, which is a long-term support level. Such a drop would be negligible percentage-wise, relative to its potential upside going into 2019.
However, for an investor looking to make solid gains for years to come, IOTA (MIOTA) is without a doubt one of the best cryptos to bet on. To understand why; you just need to look at tech trends at the moment. Current trends are pointing to a future where everything will be automated. Machine-to-machine communication is becoming the norm as AI gets better. By the year 2020, it is predicted that over 30 billion devices will be smart, and connected. As this interconnectivity grows, so will the value of IOTA (MIOTA).
IOTA is already making major in-roads in the mobility industry, with partnerships with companies like Volkswagen. IOTA is also developing partnerships in the energy industry, with companies like Engie Lab Crigen. The Engie partnership is a strategic one, as it gives IOTA (MIOTA) a foothold in the future of energy, and that’s eco-friendly energy. Besides, the infrastructure necessary to take IOTA (MIOTA) mainstream is growing. Telecom companies all across the world are implementing 5G, which will make machine-to-machine communication possible at a global scale.
This gives IOTA (MIOTA) the potential to keep expanding going into the future, and makes it one of the highest potential cryptos at current prices. IOTA (MIOTA) hit $5 at a time when most people didn’t even understand the scope of what it could achieve. It also didn’t have any of the strategic partnerships it has today. By the 2020s when the true value of IoT is unlocked, IOTA (MIOTA) could hit a market cap of a trillion dollars. This will undoubtedly make those who can see the vision now, extremely wealthy.