While there are a few ways in which to work cryptocurrencies, from day-trading to holding, it is still widely recognised that a long-term investment is best. However, making the right call on one of the many coins out there is difficult.
Rafe Furst, Chief Investment Officer at The Crypto Company, give a top three pick of the coins he is holding because have a good prospect
1. Dash (DASH)
“Bitcoin’s reign as the gateway cryptocurrency is coming to an end. The question is, what will replace it? Arguments can be made for Litecoin, Zcash, Ripple, or Monero. I like Dash because of its focus on consumer-friendliness and its flexible, decentralized governance protocol. For example, it took just 24 hours for the Dash community to approve a proposed blocksize increase back in 2016, while the Bitcoin community took three years to address its scalability problems, and the debate ended in a hard fork.”
2. etherum (ETH)
“While Ethereum won’t replace the function of Bitcoin, it will continue to play the important role it currently does as a smart-contract engine, and as a master Blockchain to spawn new application tokens.”
3. Steem (STEEM)
“Imagine if your social media posts could earn you money based on how popular they were. Imagine if you could get paid as tastemaker and curator of content published by others. Now what if the content creators kept 100 percent of the ownership rights to their content, and there were no advertisers or special interests getting between creators and fans? Steem is the first utility token that is truly being used for this function. Platforms like Reddit, Medium, and even Facebook should be nervous.”