Altcoins are currencies that are not related to the main stream of currencies. By definition, altcoins are any currency that is not bitcoin, meaning there are lots of them: up to 8,500, according to CoinGecko. And considering that bitcoin makes up about 44 percent of the whole, total market, nearly half of all the market’s value is floating around in altcoins right now. But like many coins, they have their own pros and cons. You want to learn how to pick the best altcoins to trade.
One of the most important things to look at is the future profitability of trading. Many traders and investors are trading altcoins because they can make money through speculation or prediction. altcoins such as Litecoin or Dogecoin have a short history, but they are experiencing high growth. So if you’re trading altcoins based on its future potential, you may get into trouble very quickly. If the speculators start dumping their altcoins after the hype dies down, you could lose a lot of money in short order.
But the best altcoins to trade are the ones that have a long and solid track record. There are several solidICO firms out there with well established business plans and profitable investment models. Even though there is currently quite a bit of hype surrounding some lesser-known currencies, I wouldn’t go so far as to say they are worthless. In fact, I see great potential in these lesser-known currencies as long as their fundamentals support a strong increase in their value. Here are the best altcoins to trade in the next five years.
One of the altcoins worth watching right now is Vitalikus. Vitalikus is the best altcoins to trade because it has a very nice market cap. What does this mean? It means that this currency has a market cap equal to roughly twice the value of United States dollars. This means that it is one of the few coins on the market with a high intrinsic value and a high market cap which give it excellent value at any given time.
Another coin that is gaining in value is Litecoin. It has a great market cap and is currently the fifth largest cryptosystem behind Namecoin, Darkcoin, Quark, and Doacoin. Litecoin’s price is increasing on a steady basis, which makes it one of the top altcoins to buy right now. It will most likely continue to rise in price as developers continue to optimize its use as a transactional protocol.
I would recommend that you pick up a couple of these best altcoins to trade right now and put them up on an auto-pilot trading system so that you can profit from them automatically for decades to come. The auto-pilot feature involves a robot specifically designed to analyze and determine which cryptosystems are going to be profitable in the long term. With the Binance auto trading system you can set it up so that it automatically gets added to more profitable altcoins in the future and then trade those with your profitable pairs like ether and ltc. Using an auto trading system like Binance makes it easy to profit from altcoins because you have a very good insight into the future market trends.