The Best Cryptocurrency to Invest In For 2018: a blog about the best cryptocurrencies to invest in for 2018.
Cryptocurrency is one of the most exciting new investment opportunities to come about in the new millennium. The world has gone digital, from the development of smart homes to the development of innovations that promote seamless transactions. Every industry is feeling the impact of technology now more than ever.
In every part of the world, the cryptocurrency market is booming. As at January 2018, the total cryptocurrency market was worth $548 billion and is expected to grow even bigger as institutional investors, hedge funds and other large firms enter this space.
Here are our top 20 cryptocurrencies to watch in 2018:
The Best Cryptocurrency to Invest In For 2018: a blog about the best cryptocurrencies to invest in for 2018. The cryptocurrency market has taken the world by storm and is showing no signs of slowing down. Apart from Bitcoin and Ethereum, there are over 1,300 cryptocurrencies out there today and all of them have their own strengths and weaknesses. If you’re new to the cryptosphere, you may find yourself wondering, “Is there a cryptocurrency worth investing in?” This article will answer that question for you.
What exactly is a cryptocurrency? A cryptocurrency is a digital or virtual currency that uses cryptography for security. In other words, it’s an encrypted decentralized digital currency that can be transferred from one person to another without the need of a third party (such as a bank) or any other intermediary. It’s transparent and open-source so anyone can access it at any time. Cryptocurrencies derive their value from supply and demand forces just like other currencies do; however, they differ from traditional currencies in that they are entirely electronic (they don’t exist in physical form) and they are not controlled by any central authority such as a government or corporation.
So what makes cryptocurrency such a hot topic right now? One reason is that it’s an alternative to traditional fiat currencies (
Bitcoin is the first and most well known example of a new kind of money called a cryptocurrency. The word cryptocurrency comes from the fact that only people with the correct “key” can “unlock” a transaction to make it valid.
Cryptocurrencies are digital currencies that use cryptography to secure and verify transactions, as well as to control the creation of new units. They are stored electronically in wallets, just like your bank account. The difference is that cryptocurrencies are decentralized, meaning there is no central authority—like a bank—controlling them. Cryptocurrencies can be sent directly between two parties via the use of private and public keys—which are essentially long codes linked to your wallet or account. As there is no central authority managing the currency, it’s hard for any government to take it away from you.
Cryptocurrency transactions are anonymous—sort of: While every transaction is recorded on a public ledger (a blockchain), identities are encrypted so you may never know who owns each wallet. Cryptocurrencies are not going away anytime soon, and they’re here to stay (at least until quantum computing takes over). So what should we do about them?
The best cryptocurrencies to invest in for 2018 are: Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin
Before I begin, I want to be very clear that I am not a financial advisor and you should do your own research when selecting a cryptocurrency to invest in.
Now it’s time to look at the best cryptocurrency to invest in 2018.
This is going to be an extremely subjective post, but I will try my best to give you as much information as possible.
You see, I have been investing in cryptocurrencies for quite a few years now, and due to the volatility of these digital assets, I have seen many highs and many lows. This has allowed me to draw my own conclusions on what “The Best Cryptocurrency” truly is.
So please keep this in mind when reading the rest of this post.
The Best Cryptocurrency To Invest In Now:
Bitcoin Cash (BCH)
Bitcoin and cryptocurrency technologies have considered being obscure and widely used only by geeks, but blockchain technologies are revolutionizing the financial services industry. The new digital currencies are going to change money as we know it.
The best cryptocurrency to invest in today is Bitcoin, followed by Ethereum. But of the 1,000 other cryptocurrencies, these are the 10 best.
Ripple is a real-time global settlement network that offers instant, certain and low-cost international payments. Launched in 2012, ripple “enables banks to settle cross-border payments in real time, with end-to-end transparency, and at lower costs.” Ripple’s consensus ledger (its method of conformation) is unique in that it doesn’t require mining. In this sense, ripple sets itself apart from bitcoin and many other altcoins. Since Ripple’s structure doesn’t require mining, it reduces the usage of computing power, and minimizes network latency. Ripple believes that ‘distributing value is a powerful way to incentivize certain behaviors’ and thus currently plans to distribute XRP primarily “through business development deals, incentives to liquidity providers who offer tighter spreads for payments, and selling XRP to
As of July 22nd, the price of Litecoin is $77.19 and has a market cap of $4.18 billion. The value of litecoin has increased by 8,500% since the beginning of 2017.
Litecoin is currently ranked number 6 in coinmarketcap.com’s list of cryptocurrencies by market capitalization, or total value of all the circulating coins. Because the total supply limit of 84 million coins has already been reached, Litecoin can be considered a deflationary cryptocurrency compared to Bitcoin’s 21 million coin limit (see this article on why Bitcoin is deflationary).
Litecoin was created by Charlie Lee during his time as a Google employee in 2011 as a derivative from Bitcoin with faster transaction times and lower fees. Since then its price has risen steadily, but similar to Ethereum it has also experienced large fluctuations throughout its history. Its current position as one of the top 5 cryptocurrencies makes it one to watch out for in 2018.
It’s probably safe to say that today, most of the people who own cryptocurrency do so as an investment. A lot of these people are only interested in making a quick buck and don’t care about the technology behind it.
While many cryptocurrencies have risen in value considerably over the past few years, there’s a good chance that the best is yet to come. In this article, we’ll take a look at which cryptocurrency holds the most potential and why.
Note: We don’t recommend investing in any coins unless you truly believe in their vision.
So, let’s get started…