7 Cryptocurrency is right for you to invest in this year

in #cryptocurrency6 years ago

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Again looking for Cryptocurrency suitable for your investment this year? then in this post will be discussed about altcoin which is the best choice for investment assets.

The year 2018 is a good year for Bitcoin. Although the technology is relatively new, digital currencies are already making waves in some industries. The increase in demand has significantly boosted prices and benefited a lot from investing in Bitcoin and other cryptoes.

But, you wonder what good crypto as your next investment asset other than Bitcoin? Here, I have selected 7 Cryptocurrency which is suitable for your investment this year.

  • Litecoin (LTC)

Created by Lee in 2011, it was announced as an alternative to bitcoin. Lee basically sets out to reduce the time it takes to confirm a new transaction and modify the way the bitcoin is mined to ensure anyone can participate. "My vision is the person who will use Litecoin every day to buy things. It's just a choice of payment methods, "Lee said.

Litecoin is also designed to produce more coins: it has a limit of 84 million coins, while bitcoin is 21 million coins. About 54 million coins are currently in circulation, and bitcoin has 16.7 million units of total supply coin.

Official Website: https://litecoin.org

  • Monero (XMR)

The main attraction of Crypto Monero is anonymity. With Monero, the details of each transaction, including the sender, recipient and size, are recorded in the public ledger, but obfuscated, making it impossible to trace. With Monero in theory there is no way for others to connect the point between the sender, the recipient or the size of the transaction.

Monero said recently that 45 musicians, including Lana Del Ray, Sia and Dolly Parton, will receive Monero as a means of payment. It will even offer a discount to those who pay with it.

There are about 15.5 million XMR in circulation and, unlike Bitcoin and Litecoin, Monero has no fixed coin inventory.

Official Website: https://getmonero.org/

  • Neo

Tung predicts that Neo, nicknamed "Ethereum China," will explode if China reduces its stance on ICO and bitcoin. Ethereum is the second alternative Behind bitcoin in terms of market capitalization of $ 61 billion. So, obviously, Neo has a long way to go.

Founder Da Hongfei recently participated in CNBC to dispel the fear that crypto will overheat. "I would say there is a bubble in this industry, but I would say it's okay," he said. "Any technology that is very disturbing, will surely produce bubbles, as happened with trains or cars." Neo has been around since 2014, when it was called "Antshares".

The total supply of NEO currently reaches 65 million, out of a total of 100 million coins.

Official Website: https://neo.org/

  • Cardano

Cardano, which is still relatively unknown, seems important in private transactions and responds to the needs of regulators, who prepare it for mass adoption. Their CEO, Charles Hoskinson, said Cardano handles the problem of "sustainability, interoperability and scalability" so that crypto can turn into "exciting new thing" and can be used by billions of people and interact with the financial system. Cardano is still in its infancy (they call it the "start up era").

About 26 billion out of a maximum of 45 billion coins There are currently outstanding.

Official Website: https://www.cardanohub.org/

  • Ripple (XRP)

The New York Times once described Ripple as "a cross between Western Union and currency exchange, no high cost" for not only currency, but also a system in which any currency, including bitcoin, can be traded. "Ripple connects banks, payment providers, exchange of digital assets and companies through RippleNet to provide an unlimited experience to send money around the world," the creator explained.

The XRP supply is currently around 38.7 trillion of the 100 trillion maximum supply ... which is MUCH more than the rest of the crypto on this list.

Official Website: https://ripple.com/

  • Iota (MIOTA)

The great attraction of lota is that it has no commercial, mining or block level. For every transaction you make, your processing power is used to validate two other transactions, making each Iota owner also a "miner" Iota.

Basically, Iota focuses on being the backbone of secure machine-to-machine payments on the Internet.

IOTA is hailed as the first cryptocurrency created without using chain blocks. Instead, it is based on a distributed accounting architecture called "Tangle," an innovation that is credited with allowing Iota to achieve three major levels of encryption: zero cost transactions, off-line transactions and unlimited scalability.

MIOTA's maximum supply is just under 2.8 billion, and the maximum supply is full now.

Official Website: https://iota.org/

  • Bitcoin Cash (BCH)

Bitcoin Cash is one of the newest cryptocurrencies, developed in August 2017 as hard fork bitcoin. What is that? The point is a new version of bitcoin that does not fit the original bitcoin.

Bitcoin cash is created because some users are frustrated by the high price and slow processing time. Because Bitcoin Cash has a larger block size limit, its creator says that crypto has more capacity to handle transactions at lower rates and faster confirmation. However, on the other hand the reasoning is Bitcoin loyalists who believe that increasing block size compromises the decentralized nature of crypto. The philosophical division between bitcoin and Bitcoin Cash is correctly described by Forbes as "Cypherpunk vs. Silicon Valley. "

In mid-November, Bitcoin Cash briefly outperformed Etherealum's market capitalization to become the second most valuable crypto. Since then he has returned to third position. The current supply is 16.8 million, from a maximum supply of 21 million.

Official Website: https://www.bitcoincash.org/

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