What’s the Best Cryptocurrency For Investing in 2018?
In case you are into investing in cryptocurrencies, you might be wondering which ones are going to be worth your time and effort. Well, it’s hard to tell right now, but we can look at a few of them and see if they have any potential. So, without further ado, here’s a list of the top cryptocurrencies for 2018 based on their performances.
Bitcoin
This is the cryptocurrency that started it all. When it first came out, people didn’t know what to make of Bitcoin. They were skeptical about its value and safety. Over the years though, Bitcoin has proven to be one of the most solid investments you can make. It doesn’t matter if there is a recession or a bear market; Bitcoin has always come back up again.
Bitcoin is also very popular and easy to buy with fiat currency, which makes it even more attractive for those looking to invest in cryptocurrencies. Plus, there are many services that you can use to sell your Bitcoin for fiat currency as well – so you can take your profits easily if you want to. In other words: Bitcoin is as close to “safe” as it gets in this industry
It could be a long time before we see the end of this bear. But that doesn’t mean investors should sit on the sidelines. Instead, they should be looking for opportunities to buy quality cryptocurrencies at discounted prices. Here’s a list of the top cryptocurrencies for 2018 based on their performances.
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It is up nearly $180 in less than 30 days and has now broken above its all-time high of $783 set back in June 2016. If it can keep this momentum going, it will have no trouble beating out its rivals to become the best investment of 2018.
It’s hard to believe this cryptocurrency was once trading at just pennies per coin, because today it’s worth more than $1,000 per coin. Bitcoin has seen some significant corrections over the years, but it has never been as low as it was during its first year of trading (2010). If you had purchased even $100 worth of Bitcoin back then, you would now have more than $75 million!
The original cryptocurrency is still the best investment when it comes to crypto-related assets. It has the largest market cap and the largest ecosystem by far and is trading at more than four times higher than Ethereum (ETH) or other altcoins according to Coin
What’s The Best Cryptocurrency For Investing in 2018?
Who said that investing in cryptocurrencies is easy?
The truth is, many people have lost and gained money from this new form of investment. If you are planning to invest in cryptocurrencies, then you need to make a list of the best cryptocurrencies for 2018. But before you start your crypto investing journey, let me tell you what makes cryptocurrency so special.
Why Invest In Cryptocurrency?
Investing in cryptocurrency has become the latest trend. There are people who have made millions of dollars by investing in cryptocurrencies. As the price of Bitcoin and other cryptocurrencies keep on increasing, more investors are willing to invest their hard-earned money on it.
However, there are still risks associated with it. You might end up losing all your hard-earned money if something goes wrong. So, what makes cryptocurrency such an attractive opportunity for investors? Here’s a few reasons:
It’s decentralized: Unlike fiat currencies like US Dollar, Euro etc., cryptocurrencies aren’t controlled by any central authority (like government or bank). Rather it works on blockchain technology which is a decentralized public ledger that records each transaction securely, permanently and anonymously. This means that no one can control the supply
Bitcoin is the most popular cryptocurrency, with millions of people using it to make transactions every day. The cryptocurrency has gained attention for its skyrocketing value, but that isn’t the only reason it’s so popular. You can use bitcoin to buy almost anything today.
Bitcoin is one of the best cryptocurrencies for investing in 2018.
Just a few years ago, you could buy illegal drugs anonymously on the dark web using bitcoin. Today, you can use bitcoin to buy food and clothes, pay for hotels and book flights. Bitcoin has also become popular because it gives you control over your money without involving any banks or traditional financial intermediaries.
Bitcoin isn’t just a currency – many entrepreneurs are also building new technologies on top of the bitcoin blockchain to create new applications and services. These are known as “altcoins” – similar to bitcoin, only with new features designed by the altcoin developer.*
1. Bitcoin:
Bitcoin is the most popular cryptocurrency, and it justifies its popularity by being the first in this list. Bitcoin is the world’s most valuable cryptocurrency in the market. It was launched in 2009 and has since then been a hit among many traders. The main reason for its popularity is that it is a digital currency that can be used for multiple purposes. It can be used for buying and selling goods or services, it can be used as an asset or an investment vehicle or even as a means of raising capital. So, it has multiple utilities which makes it so popular among traders.
2. Ethereum:
Ethereum is also one of the most popular cryptocurrency in the market. It was launched in 2015, and it has been growing ever since then. In 2017 alone, Ethereum grew by more than 13,000%. This figure itself makes Ethereum one of the best cryptocurrencies to invest in right now. At the time of writing this article, the price of one Ethereum was $823.91 USD!
3. Ripple (XRP):
Ripple has gained a lot of momentum in recent times because of its utility as a fast and secure payment method which banks are adopting all over the world. While Ripple (XRP)
The world of cryptocurrency is extremely volatile. Some people think that it is the future of finance, while others argue that it will never be given the trust by governments and major financial institutions.
Whatever side you are on, one thing is certain — the cryptocurrency market is growing and growing fast! Cryptocurrencies have recorded incredible growth in 2017 and are poised to grow even further in 2018. There’s no doubt that some coins have a lot more potential than others.
Here are some of the best cryptocurrencies to invest in 2018:
Bitcoin (BTC) – The granddaddy of cryptocurrency
Ethereum (ETH) – The next-gen platform that brought new possibilities to the crypto world
Ripple (XRP) – The technological leader that made cross-border transactions fast and cheap
Litecoin (LTC) – One of the most popular cryptos for payment processing
NEM (XEM) – The Korean tech giant powering Japan’s Fintech industry
IOTA (MIOTA) – The top cryptocurrency for Internet of Things devices
Monero (XMR) – The privacy-focused digital currency with a market cap of $5 billion
Dash (DASH)