It’s hard to predict which of these cryptos will thrive and which will crash. However, experts also agree that some of these cryptos have the potential to be a good investment.
In fact, many of the leading cryptocurrencies today were penny stocks not too long ago. Bitcoin was worth around $0.30 just five years ago, while Ethereum was worth less than $1 until recently.
So, if you’ve been looking for a cryptocurrency guide to where you should invest your hard-earned money, keep reading.
Litecoin (LTC)
One of the best cryptos out there is Litecoin (LTC). It has shown solid growth over the past year to reach its current market cap of $5 billion. Although it’s still far from Bitcoin’s market cap, it has shown excellent growth since it was first introduced in 2011 by Charlie Lee.
Lee has also worked for Google and Coinbase before he decided to build his own crypto called Litecoin. It is currently among the top 10 largest cryptocurrencies in the world and is mined by most crypto miners due to its high liquidity and large market cap.
Bitcoin Cash (BCH)
Another top crypto that you may want to invest in 2018 is Bitcoin Cash
Do you know the difference between investing in a cryptocurrency and trading? Investing is when you buy a coin and keep it for a longer period. Trading is when you buy and sell quickly in the short term.
Investing is good when you want to promote a project, but trading is better if you want to make money.
In this article, we will talk about the best cryptocurrencies to invest in 2018.
Let’s start.
First of all, what do we need to pay attention to when choosing a coin?
The first thing is its capitalization, which should be at least $100 million. The second thing is the daily trading volume; it should be at least $1 million per day.
The best cryptocurrency to invest in today is Bitcoin, followed by Ethereum. But of the 1,000 other cryptocurrencies, these 10 are the most promising.
Despite the buzz about how difficult and dangerous it can be, getting bitcoins is a lot easier and safer than you might think. In a lot of ways, it is probably easier than opening an account at a traditional bank. And, given what has been happening in the banking system, it is probably safer too.
There are a few things to learn: getting and using a software wallet, learning how to send and receive money, learning how to buy bitcoin from a person or an exchange.
Preparation
The cryptocurrency market has been in a bearish trend for several months now.
However, this hasn’t stopped the development of new projects from those who seek to innovate in the blockchain space.
Despite the current market conditions, there are certain cryptocurrencies that have stood out and still have a large community backing them up. We’ve compiled a list of our top 5 altcoins to watch in 2018.
NEO is often called “the Ethereum of China” as it shares many features with Ethereum including the ability to create dApps, smart contracts and ICOs. But NEO also differentiates itself by being completely open source and allowing for its users to be rewarded for holding their coins. This reward system isn’t dissimilar to how staking works in proof-of-stake (PoS) cryptocurrencies. It’s also important to note that NEO is not mineable like most other altcoins on this list due to its consensus mechanism known as delegated Byzantine Fault Tolerance (dBFT).
In terms of price, NEO has had an interesting year so far, experiencing a significant boom at the start of the year before crashing along with the rest of the market in March and April. However, over the past month, NEO has seen some significant gains which have allowed it to recover some
Investing in cryptocurrency seems profitable and replete with fast profits. After all, during the past six months, bitcoin (BTC-USD) bottomed out in mid-February near $5,800 only to rebound to over $11,400 in early August, a gain of about 93%…but that’s only part of the story.
The virtual currency markets have seen some tremendous highs and lows since bitcoin was first created back in 2009. Bitcoin broke the $1,000 dollar barrier for the first time back in late 2013 and shot up to over $19,000 by December 2017 before dropping down below $3,500 by mid-December 2018.
That’s a staggering 90% loss from top to bottom. But ripple (XRP-USD), the third largest cryptocurrency by market cap behind bitcoin and ethereum (ETH-USD), has made a lot of waves in recent years and is starting to garner mainstream appeal…it’s a great place to start your crypto investing adventure!
Bitcoin has been the top-performing currency in the world in six of the past seven years, climbing from zero to a new high value of about $15000. But the cryptocurrency isn’t anywhere close to its potential, according to Jeremy Liew, the first investor in Snapchat, and Peter Smith, the CEO and co-founder of Blockchain.
The pair first invested in Bitcoin back in mid-2013 when it was trading for around $120. At that time, Liew’s and Smith’s conclusion was that the cryptocurrency had the potential to reach $500,000 by 2030.
Now they say it will reach a whopping $500,000 by 2030.
“We believe that bitcoin awareness, high liquidity, ease of transport, and continued market outperformance as geopolitical risks mount will make bitcoin a strong contender for investment at a consumer and investor level,” Liew and Smith told Business Insider in an email. “We see a clear path to over $500,000 by 2030.”
In other words, their argument is that if Bitcoin becomes a major means of payment for online transactions, its utility will rise – and so will its price.
Since the beginning of 2017, the price of the cryptocurrency Bitcoin has risen from $1,000 to $5,000. The trend has been driven by a combination of optimism and greed. And analysts say we’re just getting started.
“I think it’s a bubble,” Tim Draper, a venture capitalist who invests in cryptocurrency firms, told me. “I just don’t know when or how much it corrects.”
Draper is one of the most optimistic Bitcoin bulls. He was one of the earliest investors in Skype and Baidu and made much bigger bets on cryptocurrency companies like Coinbase and Tezos. But he said there are still plenty more people ready to jump into the market.
The rush of interest has also pushed up the price of other digital currencies like Ethereum, Ripple, Litecoin, Dash and many others that aren’t even traded on regular exchanges. There are now more than 1,000 cryptocurrencies being actively traded around the world — more than double this time last year — according to CoinMarketCap.com.
We’re not talking about small amounts of money either: According to CoinMarketCap data as of Sunday afternoon, combined trading volume for all cryptocurrencies has been above $10 billion for each of the past four days — topping $15 billion over