The world of digital currency has been on fire, offering some of the best investment opportunities for rapid growth, and innovation.
A rapid downside risk always comes with the upside potential, which is why I’m long on my investments in blockchain technologies. I feel this is an opportunity to jump in on the ground level of revolutionary technology, it’s cool to be a part of it!
That being said, there is a lot of madness driving this explosion of growth in the crypto markets, which leads to growing capital, and maybe some companies without much collateral to back up such high valuations.
When looking for solid long term investments look to companies that have traction now, as well as, current revenue streams.
A good example is Ripple (XRP), currently the second highest market cap, behind Bitcoin (BTC). It is already functional, with current clients, and maintains a strong pipeline for future applications and growth.
Ripple is already changing the way in which financial companies will operate. This is a sign of a solid place to invest, as opposed to a coin which may catch a wave of attention, but ultimately fizzles out.
There are several solid companies to invest in that can positively change the world, and have traction to be viable companies which we should all be looking to invest in, the future opportunities blockchain technology holds are limitless.
Enjoy the ride, do your homework, happy investing!
Nice post! I will follow you from now on. +UP