We are nearing the end of 2017, and it is high time we analyze and plan for the next year. While the 2018 Ripple and Bitcoin cash prediction gives us great joy and high hopes, what really awaits us in the year of Bitcoin rush? Today, we discuss the 6 best cryptocurrencies to invest in now (2018) and look at their performances in 2017.
Let’s take a trip to the past by looking back to examine how each promising cryptocurrency has performed in the past. Now let’s vision its performance in the coming year- Notice any difference? Let me guess, an increase in value right? I also feel the same.
6 Best Cryptocurrencies to Invest Now (2018)
Thus, in this informative piece, we will examine the most performing cryptocurrency picks for 2018. We will go over each coin’s value increase during the year and the future plans of the teams behind the project.
Here is the list of Top 6 crypto of 2018. Sit tight and open your mind to a whole new crypto world of possibilities. Fix your mind!
- Bitcoin (BTC)
Bitcoin (BTC) now is trading at $12,027.30, while its market capitalization stands at $201,116,445,373. In fact, Bitcoin increased in 2017 by a value of 1,000% year to date. The economic crisis of many countries and the exposure of youths made this cryptocurrency a very attractive asset of many financial institutions and governmental organizations all over the world.
The security and creation of new bitcoins are the responsibility of Bitcoin miners. In fact, keeping your Bitcoin safe is the most important task after buying Bitcoin. You should also join Bitcoin forums and listen to btc news.
BTC has caused cryptocurrency frenzy this year; the biggest crypto trend of the current year so far. In addition, there is a big chance that there will be a repeat frenzy in the upcoming year of the yellow Dog. Nevertheless, there is no business without it’s risk, while investing in bitcoins, you have to be cautious and perform a comprehensive analysis before deciding to invest in Bitcoin- this cryptocurrency ( like many others) tends to be very volatile.
- Ethereum (ETH)
Ethereum is the second biggest cryptocurrency in the world. Its market capitalization now is rising as $464.68, while its market capitalization accounts has grown to $44,678,905,662.
Even though Ethereum has a long pace to cover to reach Bitcoins heights, this digital currency stand firmly and possesses all the essential potential to overcome the leading cryptocurrency. While many investors seem to be bothered with the potential of regulations of ICO ( initial coin offering), others see these issues as quite overblown and not really relevant to the Ether value.
Vitalik Buterin, Ethereum co-founder has recently been featured in the 50 most influential people according to Bloomberg ranking. Earlier last month, Buterin shared some Ethereum future plans with the public, which, in fact, promise to contribute to the overall development of the cryptocurrency in the forthcoming year (2018).
It would be sage to know that Ethereum has surpassed Bitcoin in terms of the number of transaction- a bewildering truth.
- Litecoin (LTC)
Litecoin is one of the best alternatives to Bitcoin and Ethereum. LTC was created with the sole aim of managing some of the flaws in original Bitcoin protocol. In fact, LTC is one of the first Altcoins created after Bitcoin. Currently, one litecoin trades as $103.43, and its market cap figure is at $5,599,290,398.
This digital currency was first introduced back in 2011, then, it was identical to bitcoins in terms of features. Although LTC is not as innovative and profitable as Ethereum, it still holds a lot of potential.
The current value of this coin is derived from its user adoption. There is also a difference in leadership for the firms as well. The creator of Litecoin, ex Google employee, Charlie Lee is entirely transparent about his actions and plans of the crypto on social media, which is indeed a great and trustworthy thing.
I strongly believe that Litecoin has the right for a place in this list of 6 best cryptocurrencies to invest in now (2018) due to its high potential.
These two promising cryptocurrencies although different, are aiming to solve the same problem- problem of annoying transactions.
The value of Zcash stands at $324.77, while it’s total market cap being $899,108,954. Monero now trades at $253.53, while its market cap is $3,636,488,209.
You’d amazed to learn that Bitcoins block chain is quite transparent- in fact, every transaction is logged and public. In addition, Bitcoins protocol only allows a certain degree of anonymity. The result of this? Anyone can see hoe the cash is used in transactions. This problem is what these two currencies are looking to modify-a safe and sound way to ensure you maximize anonymity.
Anonymity has been a major concern to many world governments. Record, research and governing bodies claim that due to the privacy features, many criminals use Bitcoin. Modern global law enforcement bodies are trying to find a way to solve this.
We are hoping that Monero and Zcash will enable criminal-free anonymous transaction in 2018. This market is worthy to be added to our top 6 2018 cryptocurrency picks.
According to some digital currency industry observant, IOTA has one of the biggest potentials to change human lives. It is very possible this cryptocurrency might become the fastest growing market in the next years. However, the most breathe taking thing is that the development in the linked fields is interconnecting.
The cryptocurrency is focused on Machine-to-machine transactions. This crypto main purpose is to enable M2M payments via serving the machine economy. Sounds like the future, doesn’t it? It is because it really is the future of crypto trading. IOTA is quite different from other currencies since it does not even base it’s concept on the blockchain system. IOTA uses a whole new special concept called “the tangle”.
Tangle is a new special acyclic directed graph, which looks like a technology different from a blockchain. Each of the IOTA’s transactions is confirmed by only two other nodes.
Today, IOTA’s value stands at $2.99, with its market cap accounting for $8,317,744,372.