The cryptocurrency market has grown exponentially this year, with a current market cap of over $400 billion. The crypto market is filled with many opportunities and risks. 2018 will be the year when crypto goes mainstream, as more people get involved in the space by buying coins or participating in ICOs.
We have seen Bitcoin (BTC) grow from $900 to $20,000 since the beginning of the year before plunging and bouncing back to about $7,000. Ethereum (ETH) has also performed very well this year, growing from about $10 to over $1,000 and then coming down to about $500.
Over the last few months, many new coins have risen in value by 100x or even 1,000x from their initial offering price. This has led to many people getting rich quickly in the crypto space and it’s worth taking a look at some of these coins that are shooting up in value now. Here are 5 cryptocurrencies that are worth investing in 2018:
As the cryptocurrency market continues to expand, the bullish sentiment is beginning to heat up once again. Many are optimistic that 2018 will be a year of significant gains across the board, with predictions of new all-time highs being set.
The cryptocurrency market has been incredibly volatile over the past two weeks. The space saw epic gains in December and January following a steady climb from $100 billion in total market cap at the beginning of 2017 to more than $800 billion today.
At press time, the total market cap for all cryptocurrencies is about $492 billion – a drop of nearly $200 billion from its all-time high. While investors are likely preparing for another wave of FUD (fear, uncertainty and doubt), the overall sentiment remains relatively positive as the bearish trend appears to be waning.
Here are five cryptocurrencies that remain solid investments in 2018:
Bitcoin has had a good run, but the current cryptocurrency market is a bubble and it’s about to burst. Bitcoin’s value has risen, making it the top cryptocurrency in the world. A single bitcoin is currently worth more than $17,000.
But there are other cryptocurrencies that are growing faster than Bitcoin and people are making money off them. These 5 cryptocurrencies are better investments than Bitcoin and they have potential to grow in 2018.
Ripple is a digital currency built for financial institutions. It’s one of the best investments of 2018 because it’s faster than bitcoin and less volatile because of its close ties to the financial industry. Ripple payment protocol works with banks so that large corporate clients can use ripple without having to buy bitcoin or setting up their own network. This makes Ripple popular among banks because they don’t want their data on blockchain networks, which anyone could see if they wanted to. Ripple has been backed by some big names such as Google Ventures, Andreessen Horowitz and Santander Bank, which means it could be an investment worth considering for this year.
Ethereum is not as popular as Bitcoin but it has been around longer than many cryptocurrencies such as Ripple and NEO. Ethereum is also a platform for
When we start talking about 2018, it’s hard to shake off the feeling of how 2017 ended. The year was a rollercoaster that saw the cryptocurrency market cap skyrocket from $18 billion in January 2017 to $600 billion in December. That’s more than 3,000% growth in 12 months!
2018 will be no different as we are bound to see a lot of volatility, which means that we need to be careful with our investments. Just like stock markets, the cryptocurrency market is subject to sharp rallies and equally quick crashes.
Today, I am going to list down 5 cryptocurrencies that you should be watching out for in 2018:
For a long time, the cryptocurrency market has been in its infancy. Only a handful of people have been aware of it and have invested in it. However, things have taken a turn for the better, and cryptocurrency is becoming a household name. As a result, more people are willing to take the risk and invest in it.
However, with new investors come new challenges. Newcomers to the world of cryptocurrency are often deterred by the massive volatility that is characteristic of cryptocurrencies. Many potential investors who would like to put their money into cryptocurrencies opt out because they do not want to risk losing their investments. It is true that investing in cryptocurrency comes with some risk, but there are certain cryptocurrencies that are safer than others and thus more suitable for investment by newcomers.
For someone who is just getting started, knowing which cryptocurrency to invest in can be overwhelming. There are more than 1500 cryptocurrencies as of today, each with different characteristics and investment values. There are several factors you need to consider before deciding which cryptocurrency you want to invest your money in. These include:
Team behind the project
Prospects for future market growth
Bitcoin is the most valuable cryptocurrency in the world and it is also the first. It will always be the number one cryptocurrency but people are also looking towards the newer coins that have been introduced and are making their way to be a top contender.
Ethereum is the second most valuable cryptocurrency because of its smart contracts, which can be used to create decentralized apps. It is also seen as a cryptocurrency that can take over bitcoin in value at some point in time.
Ripple has the highest transaction rate of any blockchain currency, and it takes only four seconds for a transaction to be processed using this blockchain. Ripple was designed for institutional use, not for personal use.
Litecoin was created by Charlie Lee to improve upon Bitcoin’s design by having faster transactions and cheaper fees. Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.
Neo is considered China’s Ethereum because it supports smart contracts built on blockchain technology and can support more than 10,000 transactions per second, making it more powerful than Bitcoin and Ethereum combined!
Bitcoin is not the only cryptocurrency that is revolutionizing the financial world. There are many other digital currencies that are rapidly increasing in value and popularity.
The blockchain technology it uses is a breakthrough in modern computer science and has resulted in a new kind of internet.**