Cryptocurrencies (also called altcoins) have become a global phenomenon known to most people. They are fast becoming essential to people who value privacy, and for whom the idea of using cryptography to control the creation and distribution of money does not sound too far-fetched. There are a lot of cryptocurrencies to invest in 2018, in order to make profits. Below are the ten best digital currencies to trade in 2018:
Ripple was the most profiting cryptocurrency in 2017. It started trading as low as $0.0065 per coin and later hit an all time high by the end of the year 2017 when each coin was selling at $2.47. Ripple is currently the second largest cryptocurrency by market capitalization, just below Bitcoin. CEO of Ripple, Brad Garlinghouse has recently made it clear to the public that Ripple could take over Bitcoin in no time. This is definitely a major reason to invest in Ripple now. Ripple’s biggest advantage is that despite its enormous gains in 2017, it has by far the lowest dollar price among major cryptocurrencies.
Ethereum has increased its market value by 9000% in 2017, after it started off at less than $1,000. It is the third largest cryptocurrency, with a market cap value of $100.6 billion. Ethereum is worth investing in because its value is likely to increase before it reaches the top. If you are thinking about investing around $10,000 now, Ethereum coins is an excellent option to go for.
Litecoin is another cryptocurrency that was very successful in the year 2017. Its value grew at nearly 5000% and it is currently worth around $250. Litecoin has the second most secure blockchain, next to Bitcoin.
This promising cryptocurrency currently has a market cap of $9 billion, standing at $1,200 per coin. Investing in Dash now is a nice idea due to the sharp rising of its graph. It has been estimated to be selling at $10,000 by the end of 2018.
Currently selling at $0.51 with a market cap value of around $500,000, Nxt has some incredible predictability to give at least 500% profit before the end of 2018. This shows that it is worth investing in now. This digital currency is backed by their feature rich blockchain network and payment processing module, so you can expect it to rise soon.
Nem is an interesting digital currency to invest in this year. It has a market cap of $1.5 billion and there is a fixed number of coins which you can trade, so either current coins increase in their value or they stay where they are.
The value of Monero is currently on the rise. Each Monero costs around $300, with a market cap of $6 billion. It is one of the fastest growing cryptocurrencies in the world. Monero is highly secure and has been able to maintain the confidentiality of its coins owners.
Qtum is one of the digital currencies everyone should be keeping their eyes on in 2018. It is the 15th largest cryptocurrency, with a market cap value of nearly $750 million, and the 18th highest crowdfunded project of all time. Qtum was designed to integrate the best parts of the Bitcoin and Ethereum platforms into a business friendly blockchain.
Bitcoin cash has gained substantial notoriety because of its strong returns over the past year, and it offers a good balance between innovation and investor recognition that could lead to continued outperformance in 2018. Currently, bitcoin cash’s price is just a small fraction of where bitcoin trades.
Factom thrives in targeting the way that conglomerates handle data by providing an unalterable records system. It is essentially a trustless ledger technology that protects and decentralizes information with a strong focus on maintaining user anonymity. You can store different forms of data safely with no fear of alteration or loss through the use of Factom. Although Factom is relatively new, it has a very large trade volume and this signifies that it has active users on the network, which is really good to drive up the price. While some other coins are almost never traded in reasonable quantities, Factom boasts of trade volumes in hundreds of thousands of dollars. This is simply because its users are mostly large organizations so it makes sense to imagine that even though they may be few, they definitely do a lot of these transactions and this is what makes the trade volume high.
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