Question

whchi is the most potential cryptocurrency to invest in?

Answer 1

You shouldn’t focus on the price of a cryptocurrency, but rather at the (potential) market cap. The market cap is simply the total supply of the coins multiplied by the price of the coin.

Let’s take Ripple as an example. Currently 1 XRP is valued at $0.16. So, it looks like a cheap coin, but the market cap exceeds 6.4 billion dollars. If you want to double your investment this means that Ripple must grow their market cap to over 12 billion…

Your first check for a potential investment should always be the market cap. You should also consider what the potential market cap might be in the near future. Personally, I don’t invest in coins that are in the top 20 market cap anyways. Except Ethereum!