Cryptocurrencies are all the rage these days. People from all over the globe are investing their time and resources in Cryptocurrencies and individuals who are playing their cards right, are earning hefty sums. Even though Cryptocurrencies still lack legal recognition in Pakistan, a large number of people are involved with crypto currencies here. With their mining not quite feasible in Pakistan, people usually trade cryptos here and make profits off changes in values.
Here are the Best Cryptocurrencies in Pakistan that you can consider for your investment.
Bitcoin was actually the first cryptocurrency that caused a stir by enabling people to make huge profits. Since then, a lot of new cryptos emerged however; Bitcoin still is the most popular and arguably the most profitable cryptocurrency currently.
2017 was the most interesting year for Bitcoin as it experienced a lot of fluctuation in its price. Kicking off with a price of around $950 in the beginning of 2017, Bitcoin recorded surprising increase in prices until it reached its highest ever price of around $19000 in December, which was followed by a slight fall in the price.
Nevertheless, Bitcoin is still valued at around $15000 at the time of writing and considering previous trends, it may rise again.
Also Check out: How to earn through Bitcoins
Ripple was the most profitable crypto currency in 2017 as it exhibited an over-whelming growth of over 36000%. Ripple was valued $.0065 per coin when it took off and it was trading at $2.47 by the end of 2017.
Ripple, valued at $142 billion overall, also enjoys the second largest market capitalization after Bitcoin, which has an overall value of $251 billion.
Ripple has great potential, making it one of the best Cryptocurrencies in Pakistan and the trends from 2017 indicate that this might be a good investment for the future.
Litecoin is another cryptocurrency that showed an over-whelming increase in value over the past few months. It’s a large cryptocurrency considering market capitalization, as its overall value at the time of writing stands at over $13 billion. Litecoin has exhibited a growth of over 6000% over the past 12 months, making it a promising cryptocurrency to invest in.
Ethereum is another interesting and one of the best Cryptocurrencies in Pakistan. Once deemed as superior to BTC, Ethereum didn’t exactly grow as per expectations however, it still is quite promising and it seems like Ethereum is a good buy in 2018.
At the time of writing, Ethereum’s market cap of over $128 billion makes it the third largest cryptocurrency.
Other less significant Cryptocurrencies that might be good investments for the future include Neo, Iota, Bitcoin Cash and Monero.