Investors may need to re-adjust their expectations and allocate a certain percentage of their portfolio toward long picks. Of course, the cryptocurrency market is fast paced, high risk and possibly better suited to day traders in 2018, but a small selection of coins that one is willing to wait 2 to 5 years on might not be the worst idea.
Given the inherent volatility of cryptocurrency, it’s probably best to select cryptocurrencies that have solid partnerships with established industry players that are more likely to bear fruit over the long term.
Currently, IOTA has partnerships with Volkswagen, Bosch, Fujitsu and DNB ASA. Ripple (XRP), while contentious among many circles, remains a top 5 cryptocurrency with powerful partnerships and multiple use cases worldwide. GoByte Network has partnered with iVend and is well positioned for the growing crypto-payments sector.
Stellar Lumens is quite similar to Ripple (XRP) except for the fact that it is less centralized, has its own exchange and also recently launched a decentralized exchange where each token and ‘tether’ is paired with XLM. Stellar Lumens also has an array of impressive partnerships with IBM, Shift, Deloitte and Stripe to name just a few.