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11 July

By Ahmed Mamdouh

Category: Cryptocurrencies

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Which cryptocurrency offers the best investment opportunity?

The key question swirling inside cryptocurrencies investors' mind at the meantime is: Which digital currency offers the best investment opportunity?

A new survey from a New-York based law firm Foley and Lardner, which asked the aforesaid question to a number of investors and business executives, found that Ethereum is the best investment and may overtake the Bitcoin.

However, the survey results showed a slim excel to the Ethereum over the Bitcoin, with 38 percent versus 35 percent.

Nine percent of the respondents saw that cryptocurrencies do not provide any investment opportunity, as they believe that governments’ crackdown, regulations and the high volatility eliminate investment chances in virtual currencies.

Bearishness remained predominant on Wednesday, where the market capitalization has wiped out another $12 billion to a total of $252,546,101,741, according to CoinMarketCap.

Bitcoin and Ethereum were 2.60 percent and 2.84 percent down today, while the EOS remained the most hit by falling 7.36 percent.

The Litecoin was the only digital currency, among the top 10, trading in green, with 1.62 percent rise. 

Ahmed Mamdouh

Ahmed Mamdouh is the head of the English Fundamental Analysis at D1stp.com, with 9 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.