The Top 5 Cryptocurrency to Invest in 2018 is the question that we all google and read blogs about.In this blog I will explain to you the top 5 cryptocurrencies to invest in 2018.
Cryptocurrency is basically a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. Cryptocurrency is also known as Altcoins.
The market cap of cryptocurrency is around $100 billion dollars. Cryptocurrency have been gaining lot of popularity among traders and investors because there prices are highly volatile.
Prices can go up or down by 10%-20% in a single day. It’s important for investors to know about the technology behind these cryptocurrencies,how it works and why it’s important for future applications.This guide will help you choose top 5 cryptocurrency to invest in 2018 from hundreds of altcoins that are available.
With over 1600 coins and tokens listed on coinmarketcap, the world of cryptocurrencies is quite overwhelming. The idea of investing in cryptocurrency can be quite intimidating. However, with the right info and approach, it can be rewarding.
You must have heard about Bitcoin and Ethereum before. They are now synonymous with cryptocurrency and blockchain technology. This does not mean that there are no other credible cryptocurrencies worth your investment. There are several other cryptocurrencies that are worth your investment in 2018.
In this article, we will take a look at the top five best cryptocurrencies that you can invest in 2018.
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Bitcoin has been the most popular cryptocurrency to invest in and most people who have invested in cryptocurrency have invested in Bitcoin.
Bitcoin is still the most popular cryptocurrency. There are a few others that have performed very well over the last year but nothing can beat Bitcoin. If you are looking for a cryptocurrency to invest in, Bitcoin is still the best one to buy.
If you want to learn more about other cryptocurrencies, why not check out our blog post on the best altcoins to invest in 2018?
You may have heard of the term “cryptocurrency”. This is a digital currency that is secured by cryptography to ensure that transactions are not fraudulent and are being made by the rightful owner. Below are our top 5 best cryptocurrency to invest in today.
Bitcoin (BTC):
Once upon a time, Bitcoin was trading at $220 per Bitcoin. Then it hit news in 2013 and jumped to $1,100 per Bitcoin. This was huge! The media was on fire, people couldn’t stop talking about it, and everybody wanted in. It has since subsided in value to around $700 per Bitcoin (at the time of writing this article).
This price fluctuation makes it difficult to decide whether its a good or bad thing to invest in. And even if you do decide that you want to enter the market, where should you go?
The Best Cryptocurrency To Invest With Small Budget
Litecoin (LTC):
Litecoin is similar to Bitcoin in many ways and often leads people to think: “Why not go with Bitcoin? Both are alike!” . But there are also some technical differences between the two. Unlike Bitcoin, Litecoin uses the Scrypt algorithm – originally named as s-crypt
NEO (NEO)
NEO, formerly called Antshares, is often called the Chinese Ethereum because it has many of the same goals as Ethereum and is developed in China. While Ethereum focuses on dapps and ICOs, NEO focuses on smart contracts, but they aren’t directly compatible. NEO was founded in 2014, but it went by the name AntShares until 2017.
As a Chinese blockchain, NEO has some advantages due to favorable regulations in China which allow them to easily work with banks and other financial institutions. This also allows them to be less decentralized than many other projects. However, as soon as China starts embracing blockchain technology and cryptocurrencies, NEO will likely make big moves up the market cap list.
NEO is up 50,000% since its first crowdsale in 2015 and isn’t slowing down anytime soon. Most people think that NEO can eventually surpass Ethereum since it supports many more programming languages and has a lot of exposure in Asia which could become the largest cryptocurrency market due to the bans on exchanges in China.
Bitcoin has been considered “digital gold,” and one of the main reasons for that description is its limited number of coins (a maximum of 21 million can ever be created). This means that Bitcoin’s value should keep rising over time as long as more people start buying Bitcoin. This should ensure a healthy growth rate in the coming years.
Although past performance is never a good indication of future returns, check out Bitcoin’s performance since its inception in 2011:
The above graph shows coinmarketcap.com’s Bitcoin performance over the years.
Bitcoin has been doing exceptionally well in 2017, with a year-to-date return of more than 345%. In fact, it smashed through $5,000 to an all-time high of $5,856 recently – before dropping back down to around $5,400 at time of writing.
We should expect Bitcoin’s price to continue to rise over the next few years as demand continues to increase against a capped supply.
Cryptocurrency has been the talk of the community for the last few years. The sudden increase in cryptocurrency mining heightened the demand of graphics cards (GPU) in 2017. It was impossible to find a GeForce GTX 1080 Ti, a powerful graphics card for cryptocurrency mining, anywhere in stock at Amazon, Best Buy or any other retailer.
The need for high-end GPUs was so insane that Nvidia decided to release their mid-range cards just to stay in the game. Recently, AMD launched Radeon RX 580, which can also be used to mine Ethereum and other cryptocurrencies.
If you are still wondering, “what is cryptocurrency?” – read on to find out more!