Investing in Top Cryptocurrencies ETH, XRP and LTC.

Investment in Crypto currency

Why should I Invest in the Currency Ethereum(ETH)?

In the ever-expanding world of digital currency, Ethereum is one of the most promising technologies on the market.

Since its birth in 2015, the digital currency has grown by over 45,836%:

Ethereum’s rapid growth has transformed paupers into millionaires. But despite its skyrocketing value, very few people actually understand what Ethereum is or why it’s a good investment.

For those of you who don’t know what Ethereum is, it’s important to understand that it’s much more than just a digital currency.

Ethereum is an open-source, public blockchain-based computing platform. What this means is Ethereum is often used as a platform to develop groundbreaking applications (called dapps). And the digital currency allowing those applications to operate is called Ether.

If you buy Ethereum, you’re actually buying Ether. But in the investing world of digital currency, the terms Ethereum and Ether tend to be used interchangeably.

To many, buying Ethereum means that you’re putting money into one of the most powerful blockchain platforms in existence. And the potential for that platform is limitless…

For investors who are still speculative, the Ethereum facts detailed in this exchange should help you in better understanding the technology and its potential. More importantly, it should help you in understanding the key differences between Ethereum and Bitcoin — one of the other leading digital currencies on the market…

Investing in Ethereum for Newbies

1. Ethereum Could Have More Application Than Bitcoin

As a whole, digital currencies have a lot of selling points. Many digital currencies use blockchain technology and finite market caps. These digital currencies are hyperinflation-proof, free from big banks, and open to the individual.

That being said, blockchain technology is certainly one of the key selling points behind digital currencies.

Bitcoin was the first coin to ever operate on a blockchain network. Every transaction that takes place on Bitcoin’s blockchain is recorded in a “block.” This block is then attached to a long chain of blocks.

In the case of Bitcoin, its blockchain is a public ledger. And what that means is anyone participating in the network can see the transactions taking place and the linked electronic signatures.

That being said, Bitcoin’s use of blockchain technology is fairly basic. Ethereum uses the technology differently, offering more promise to both developers and currency enthusiasts.

Ethereum is written in Turing-complete code language. For a computer to be Turing complete, it must be capable of running any algorithm. Because of Turning-complete language, any script can run on Ethereum. Ethereum’s blockchain records things far more rapidly than Bitcoin’s — processing transactions in 12 seconds, as opposed to Bitcoin’s 20 minutes.

This makes Ethereum’s blockchain the best network to support any business or program. Its ability to solve problems with accuracy and precision has no rival.

Ethereum’s speed and ability to act as a platform for dapps has attracted the attention of dozens of companies, all of which are vying to be the first to use and potentially profit from Ethereum’s blockchain.

This brings us to our next point: hundreds of major companies have Ethereum’s back.

And many of them are trying to incorporate this technology into their businesses as we speak…

2. Ethereum Is Backed by Multiple Fortune 500 Companies

One of the strongest pieces of evidence for Ethereum’s long-term prospects is the Enterprise Ethereum Alliance (EEA).

In February 2017, multiple major companies — including dozens of Fortune 500s — decided to collaborate on furthering the Ethereum network technology, with the goal of incorporating it into their businesses. This group includes companies like Intel, Microsoft, JPMorgan, BP, and Thomson Reuters. Now in 2018, the EEA is over 200 members strong.

These companies don’t take risks lightly. They have maneuvered their ways to the top through brilliant executive decisions and by continually developing business models.

Ethereum spiked sharply after the EEA became public, touting big names like lollipops for hungry investors.

These companies want Ethereum for dozens of reasons. They want the platform for its speed and efficiency, but they also want the Ethereum network for its ability to execute smart contracts.

For those of you who are unfamiliar with smart contracts, know it’s a contract in the code that dictates action.

Take this example: In the physical world, you have an agreement with your sibling that if you hit them, they get to hit you back. If you throw a punch, they may retaliate.

cryptocurrency investing

Now, say this interaction was happening in the code world. A smart contract receives the first transgression (you punching your sibling) and then executes the appropriate reaction (your sibling hitting you back). You need smart contracts to move things along efficiently. And for a blockchain network, they are invaluable.

Ethereum’s creator, 23-year-old developer Vitalik Buterin, developed Ethereum to work with smart contracts.

Before he created Ethereum, Buterin was heavily involved with Bitcoin and blockchain. He realized early on that Bitcoin’s inability to process smart contracts was a major shortcoming of the currency network.

Ethereum’s network possesses something called an Ethereum Virtual Machine (EVM), which processes smart contracts and makes charges or decisions accordingly.

The EVM would rapidly speed up business processes and increase efficiency across the board.

Every action that happens would receive the correct response immediately. It doesn’t matter if it’s a payment, transaction, demand, etc.

And in the business world, efficiency is money.

That’s why you see so many trendsetters in the EEA. These companies have CEOs who have predicted trends time and time again.

They know that by being an early mover and incorporating this kind of technology, they have positioned their companies for potential monumental growth down the road.

And investors are taking note.

In fact, over the course of 2017, investors flocked to any company associated with the word blockchain. Many of these companies, of course, are probably not properly using blockchain technology. A good example would be a division of Hooters restaurants, which released a digital currency-based rewards program that operates on blockchain.

However, if you can find the right companies working with blockchain technology — particularly Ethereum and other advanced blockchains — then those companies could be a good bet while blockchain technology continues picking up speed.

Ethereum could eventually expand and be incorporated into every business. And that brings us to our final point: bank adoption and mainstream use…

3. Ethereum Is Being Incorporated by Financial Institutions

Currently, not many technologies are as well-positioned as Ethereum to be adopted by institutions.

And this adoption is starting with the institutions that digital currency could potentially destroy: banks.

Bitcoin is a bit of a villain in the banking community. It poses a threat to our current monetary system — a threat that gives it a lot of value in the eyes of many individuals.

But banks look kindly on the Ethereum network, which will allow them to thrive in our increasingly digital world.

Bank of America is the first financial institution to work with the Ethereum blockchain. The company premiered an Ethereum-based application that will help customers in securing their transactions.

This application was created with the help of Microsoft and with the goal of speeding up the mainstream adoption of Ethereum technology.

The application packages customer information into blockchain packets that can only be accessed by the private parties involved in the transaction. This prevents the information from being emailed out, which eliminates multiple privacy concerns.

But both Bank of America and Microsoft want the application to be more than a security resource. It has to be a pioneer, winning the trust of the public.

This will be one of the first Ethereum-based applications that everyday consumers will interact with.

Technology adoption happens slowly and often without consumers knowing it.

When consumers upgrade their MacBooks or buy new iPhones, they’re being guided by Apple to adopt new technologies. Many are expecting a similar thing to happen with Ethereum blockchain, which will be slowly incorporated by big companies and then trickle down to their clients and customers over time.

But big companies that push mass adoption will give Ethereum a leg up on other technologies.

And investors should take note that Ethereum is the only technology being incorporated by major institutions — even though these corporations have had more than 10 years to collaborate with Bitcoin. That alone speaks to Ethereum’s long-term profitability…

How to Buy

There’s no denying that Ethereum is a powerful technology with the potential to further not only businesses but also our global currency system.

Currently, the most popular digital currency exchange is Coinbase. Coinbase allows investors to buy Bitcoin, Ethereum, and Litecoin. In the future, there may be more promising digital currencies added.

When you sign up to Coinbase, you can pay with your bank account or credit card.

Now, if you choose to not use Coinbase, there are many other digital currency exchanges out there. Just be careful and do your research. With the digital currency gold rush has come digital currency crooks. And there are fake exchanges out there that will take your payment and never provide you with the promised coins.

The best way to check is to look at the website’s domain name. If it doesn’t have “https” in front of the name, do not invest. This website isn’t secure and encrypted. And more than likely, it’s a scam.

Why should I Invest in the Currency Ripple (XRP)?

Digital currencies were one of the most profitable investments of 2017.

You don’t have to take our word for it. Just take a look at the returns:

  • Ethereum is up 2,000%.
  • Bitcoin is up 744,233%.
  • Litecoin is up 750%.

With the digital currency floodgates open, early investors have become accustomed to four-digit returns.

But there’s a catch. Many of the currencies listed above have already achieved mainstream investors. They will continue generating profits (which makes them valid investments), but you’ll never be able to buy them for under $1.

For investors looking for a smart investment under $1, Ripple could be a good contender.

In 2017, Ripple’s price surged over 3,733%:

Ripple isn’t your traditional digital currency. Calling it one is the equivalent of calling a horse a mule — you vastly undersell the currency’s potential.

Today, Ripple is busy revolutionizing the ways in which we transfer money and receive payments. Soon, it will change the ways in which we bank and conduct business around the globe.

Over the course of this report, we educate you on Ripple’s potential and expose the top three reasons that you need to be investing now. By the end of this report, we hope you’ll be rushing to the exchanges…

Investing in Ripple Crypto

What Is Ripple?

For starters, it’s important to be able to differentiate between Ripple Labs — the company that produces the Ripple Transaction Protocol (RTXP) — and XRP — the digital currency that operates within the RTXP.

The Ripple Transaction Protocol, in the simplest sense, is a real-time payment system. It allows money to be exchanged between individuals regardless of their locations or banks.

The digital asset that runs the Ripple network is XRP. When you buy Ripple, you’re also purchasing XRP. If you’re new to digital currency investing, the best way to think of XRP is as a currency (or fuel) that powers Ripple.

And while preferable, XRP is not necessary in order for the RTXP to function.

Ripple was developed by an experienced team with deep roots in the digital currency world. Many members of this development team worked with Bitcoin. This includes Ripple’s cofounders, OpenCoin CEO Chris Larsen and CTO Jed McCaleb.

Investors who are considering Ripple need to understand the relationship between OpenCoin and currency. OpenCoin handles many of our digital currency transactions around the world.

OpenCoin, and subsequently Ripple, has received backing from dozens of venture capitalists, which includes Andreessen Horowitz, FF Angel IV, Lightspeed Venture Partners, Vast Ventures, and Bitcoin Opportunity Fund.

But how does Ripple function? How exactly is it unique in the digital currency world?

Those questions transition us to the first reason that you should be investing in Ripple…

1. The Ripple Transaction Protocol

Everyone is in agreement that our current financial system is flawed.

Transferring money to individuals outside of your bank is a grueling process. And you might as well forget about exchanging money overseas unless you love having a headache.

And that’s where Ripple comes in.

XRP can be used in the Ripple Transaction Protocol, which can be used to ferry not just digital currency but also money and information.

The idea is actually thousands of years old, dating back to medieval Arabia.

Years ago, individuals would exchange money through an agent.

You, as an individual, would walk up to your agent and give them money with instructions to send it to your friend. This agent would then send it to the agent of your friend.

Even though money didn’t exchange hands on either end, a record of the money being moved was put into place. The receiving person’s agent would be responsible for moving the money along to the intended recipient.

Ripple simplifies that process, issuing a monetary payment through a digital channel. Similar to the medieval method, the money never actually changes hands.

Both people have access to a secure channel, which boxes out any potential threat. This makes Ripple an incredibly effective, secure monetary exchange that empowers individuals.

And Ripple’s developers have more in mind for Ripple’s exchange potential than just money. Ripple could be used to exchange anything — simply through the creation of a secure pathway.

This unique function makes it a powerhouse in the digital currency world. And even though this method directly empowers the individual, it’s also a profit generator for large corporations.

This brings us to the second reason for thinking about Ripple as an investment…

2. Ripple Is a Best Friend to Banks

It would be foolish to think that our banking systems will disappear overnight.

This belief is popular in the Bitcoin crowd, with many devoted Bitcoin believers asserting that the world’s first digital currency has the power to rebuild our financial system within mere years.

The reality is different. There’s no doubt that digital currency is here to stay. But we’re more likely to see it incorporated into our everyday financial lives through the large players in the financial world: big banks.

This is good news for Ripple and is a strong case for investing in it. Ripple has already been adopted by dozens of banks, including:

  • MUFG
  • BBVA
  • SEB
  • Akbank
  • Axis Bank
  • Yes Bank
  • SBI Remit
  • Cambridge Global Payments
  • Star One Credit Union
  • eZforex

This makes Ripple the first digital currency to be adopted by mainstream financial institutions. And it’s only picking up momentum.

So, why do the banks want Ripple? It goes back to the financial tools that Ripple Labs, the company behind RTXP, provides.

Let’s be honest: Major financial institutions don’t adopt a technology for the ease of their customers. Instead, they do it to make money — that’s the nature of the beast.

Currently, if a bank uses Ripple, it saves $3.76 per payment. That’s a cumulative saving of $564,000 a year.

But the greed of financial institutions pays off for customers who’ll be able to exchange money across borders and with individuals who use different banks.

We’ll likely see the value of the Ripple company (or the value of XRP) increasing while more of these tools are adopted by mainstream banking customers.

This will simplify our financial system. You’ll be able to send money to anyone, regardless of what bank they have, through the same simple channels.

However, there are a few things to keep in mind about this topic, which we address at the bottom of this report. Before we get to concerns, let’s comment on Ripple’s investors and team…

3. The Investors and the Team

We touched briefly on Ripple’s talented development team in the introduction. Now, it’s time to expand on what that extensive talent network means for the digital currency in the long term.

It’s no secret that success in the corporate world depends on one thing: clout. For any technology to advance, it has to establish its value for both investors and corporations. Many digital currencies fail to do this because their leaderships don’t know the right people or methods.

For Ripple, becoming established was as easy as pie. With two well-connected founders who used their complex networks, Ripple quickly attracted venture capital and major investors.

In 2015, Ripple raked in $55 million in venture capital in just one funding round. And this money is continuing to pour in with more big investors backing the company weekly.

One particular investor is worth taking note of. It’s a tech giant that hasn’t shown a lot of interest in the bulk of digital currencies: Google.

Google was one of Ripple’s early backers. Both the mega-giant and its peer Apple prefer the blockchain method of payment to existing credit cards.

In Ripple, Google saw an opportunity to simplify and secure payments. It knows a good investment when it sees one.

And so do the other venture capitalists that are pouring money into Ripple. The names backing Ripple — Andreessen Horowitz, FF Angel IV, and Lightspeed Venture — have stood behind dozens of lucrative startups, including Airbnb, Asana, BuzzFeed, Coinbase, Facebook, Twitter, and Snap…

Some Lingering Concerns

It’s obvious that Ripple Labs, and its financial tools, is valuable. It increases efficiency and saves time and money for both consumers and banks.

That being said, Ripple is an anomaly in the digital currency world.

Very few people realize that not all of the banks using the RTXP are using the associated digital currency XRP. Beyond that, there’s also the quandary presented by Ripple’s low price. The low price doesn’t necessarily mean that there’s room for the currency to grow.

In January 2017, the digital currency reached an all-time high of above $3, giving it a market cap that was nearly half the market cap of Bitcoin.

Of course, in the cryptocurrency world, arguing about market caps is largely subjective. After all, how do you value a potential global currency like Bitcoin or a vastly valuable tool like Ethereum?

So, Ripple’s market cap at the time of its $3 price was outlandish compared to that of other companies providing financial tools.

These are things for investors to consider while thinking about Ripple as an investment. There’s no doubt that it’s a valuable technology, but with limited banks actually using XRP, investors should think about the tools that the company provides and whether they’re worth the value…

How to Start Investing

I’m going to level with you: Ripple is a bit harder to invest in than its peers. But because you’re serious about making money, this is a good thing.

Ripple’s exclusivity means that not everyone is in on it yet.

At Wealth Daily, we use Coinbase for the bulk of our digital currency investments. Coinbase allows users to buy litecoins, bitcoins, and ether with the hopes of expanding to other digital currencies in the future. And Ripple could be on the horizon.

But we don’t want you to have to wait until then. So, we’ll walk you through buying Ripple on smaller exchanges. That way, you can get the currency while it’s under $1.

The two most popular currency exchanges for investing in Ripple are Poloniex and Kraken. On both platforms, you can exchange bitcoins for XRP. Many people choose to set up a Coinbase account and then transfer bitcoin to Kraken or Poloniex.

Best of luck with your investments!

Why should I Invest in the Currency LiteCoin(LTC)?

We’ve entered the age of digital currency. Bitcoin has gone from relative obscurity to being a household name. In December 2017, the coin smashed its way through the $19,000 barrier like an angry bull in a china shop.

Bitcoin’s dominating presence tends to drown out its contenders. But there are actually quite a few other digital currencies that investors should pay attention to, too.

Of these, a handful is poised for dynamic growth. And we published this report to talk about one of the most promising: Litecoin.

In 2017, Litecoin skyrocketed alongside many of its digital currency peers, hitting highs near $400 before retreating because of regulatory pressure from many countries.

Litecoin was the third currency that investors could purchase on popular digital currency exchange Coinbase. And now, a hyped-up digital currency public has some questions:

  • What is Litecoin?
  • How is it better than Bitcoin?
  • How do you invest?

Over the course of this report, we answer those questions. And we start at Litecoin’s humble beginnings…

What Is Litecoin?

Litecoin investing

In October 2013, former Google engineer Charles Lee introduced the world to a new altcoin: Litecoin.

The coin was introduced as the silver to Bitcoin’s gold, and Lee promised that the digital currency would fix many of Bitcoin’s problems.

At the time that this report was written, Litecoin has a market cap of over $9.67 billion. And Litecoin’s technology makes it one of Bitcoin’s most aggressive competitors. If you evaluate the two currencies from the surface, they could be twins because they share dozens of valuable characteristics.

Like Bitcoin, Litecoin was created to provide a peer-to-peer transaction system. It allows individuals to make payments or transactions anywhere in the world with relatively low fees.

And like Bitcoin, Litecoin is decentralized. There’s no centralized authority, building, or headquarters for it. The currency flows freely on the internet.

What this means is it’s far more secure than paper currency. Because no government can regulate or overproduce it, Litecoin’s value rests in the hands of the people.

Like almost all digital currencies, litecoins are produced through a process called “mining.”

Miners use computers to process Litecoin transactions, which are presented as algorithms that the computers must solve.

When the computers solve the problems, more litecoins are added to the network and the miners are rewarded with their shares.

There is a fixed amount of litecoins in the world — the volume of litecoins can never exceed $84 million. After we reach that point, the currency has the ability to be broken down into minute payments.

The mining process and the currency’s finite cap shield Litecoin against hyperinflation.

Bitcoin, like Litecoin, also has a finite supply, is produced by mining, and is a money for the people. That being said, there are some ways in which Litecoin is different from Bitcoin…

And it’s from those differences that Litecoin gleans its value as a digital currency…

Why Litecoin Is Unique

Bitcoin was the first digital currency in the world, and that has given it a leg up on the competition. But Bitcoin’s early arrival is also the source of many of its shortcomings.

Today, the developers behind major digital currencies have identified Bitcoin’s weaknesses and have altered their currencies to fix the issues.

This means that even though Bitcoin was the first one to use certain technologies — specifically a groundbreaking technology called blockchain — the currencies that followed might use the technology more efficiently…

1. The Better Blockchain Currency

Blockchain technology is the foundation of all digital currencies. Envision it like this…

Every time a transaction or exchange happens in a digital currency network, the information involved with that transaction is recorded in a “block.” Each of these blocks is added to the continuously growing blockchain.

Anyone on the network has access to the information in the blockchain. This means that transactions are public knowledge, even if the users remain anonymous. Users are only tied to the transactions taking place on the blockchain through an electronic signature that offers a fair degree of anonymity. This framework also makes digital currency very secure.

Even though both Litecoin and Bitcoin use blockchain technology, Litecoin has a far faster transaction speed with a transaction being confirmed every 2.5 minutes, compared to the 10 minutes it takes to confirm a Bitcoin transaction.

This appeals to both users and merchants who want faster transactions.

With Litecoin, you get both security and speed.

And this speed just kicked up a notch.

On May 10, 2017, Segregated Witness (SegWit) was activated in the Litecoin blockchain. SegWit is the process in which blocks in the blockchain are made smaller by the extraction of signature data from transactions.

This process allows Litecoin to process lightning fast payments.

The first of these payments happened on May 11, 2017. Money was sent from Zurich to San Francisco in under a second.

But Litecoin is valuable because of more than just its speed. It also has widespread consumer appeal…

2. A Love of Rounded Numbers

In the world of digital currency, the number of coins that can exist is finite. There can never be more than a certain amount of bitcoins in the world, and the same applies to litecoins. But the total amount of coins that can exist varies by digital currency.

This actually works in Litecoin’s favor. Litecoin will eventually have more coins on the market than Bitcoin. And that appeals to consumers who want a simple, effective digital currency.

A study by Dr. Judith Holdershaw, a senior lecturer at Massey University, concluded that 57% of retail shoppers opt for a product with a rounded price. Even more telling, 4% of those customers paid more just to round up the price. The proof is in the pudding: People like to pay with full numbers.

This could explain our aversions to pocket change and loose bills.

Because there will be fewer bitcoins in circulation, they will have to be broken down into decimals. That means you will end up paying 0.002 BTC for a cup of coffee.

Since more litecoins can be on the market than bitcoins, it’s more likely that people will be able to buy commodities with whole numbers…

3. Simpler Algorithm

Outside transaction speed and volume, there’s another key difference between the two currencies: the algorithms.

For those of you who are completely new to digital currency, digital currencies are composed of codes.

In the case of Bitcoin and Litecoin, those codes use two different algorithms.

Bitcoin uses the SHA-256 hashing algorithm, and Litecoin uses a scrypt-hashing algorithm.

Now, both of these algorithms are powerful. But over the years, the SHA-256 has made it more and more complex to get bitcoins through the mining process. Bitcoin miners have to employ increasingly complex technology to extract a relatively small amount of bitcoins.

Litecoin’s scrypt-hashing algorithm makes it easier for miners to access the system.

And the simplicity of Litecoin mining could actually steal Bitcoin miners. It’s true that Bitcoin is worth significantly more than Litecoin, but most Bitcoin mining is carried out by supercomputers. The algorithms have become too hard for everyday miners to crack.

This means that many miners who are tired of struggling over Bitcoin may end up transitioning over to Litecoin…

How to Invest

It’s clear that Litecoin will be a powerful digital currency. Of course, it’s still too early in the game to speculate on what tender will win the digital currency race.

In fact, there could be no winner. The future financial system could operate through the use of dozens of digital currencies. And Litecoin will likely be one of them.

Luckily for investors, Litecoin is a fairly easy digital currency to purchase. Its popularity and appeal have earned it a position on Coinbase, which remains the top digital currency software wallet. In fact, over the course of 2017, Coinbase added as many as a million new accounts per month.

The simplest way to buy is to go to Coinbase’s website and create an account. Once you’ve set up a username and password, you can plug in your banking information.

You may buy digital currency on Coinbase with a credit card or through wiring money from your bank account.

We wish you the best of luck in your investments!

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Investing in Top Cryptocurrencies ETH, XRP and LTC.
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Investing in Top Cryptocurrencies ETH, XRP and LTC.
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In the ever-expanding world of digital currency, Ethereum, Ripple and Litecoin are the most promising currencies on the market.
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