Cryptocurrencies To Watch In 2018 If You’re On The Hunt For The Next Bitcoin

While many may argue that the Bitcoin or other cryptocurrencies are a passing cloud and a ‘dumb’ investment, the Bitcoin growth shows otherwise.

Those who missed out on investing in Bitcoin at the right time, greatly regret it and probably kick themselves every day for it. People have started overcoming this resentment by keeping a lookout for new opportunities, the next Bitcoin, or perhaps something even better.

Hitesh Malviya, the crypto consultant from ItsBlockchain.com, says that Bitcoin is the place to be during bullish explosions like the one we’re seeing right now, but, in the long run, the big gains in cryptos lie elsewhere.

“The alts industry is new and it will take at least a few years to become mainstream,” he said, adding “we can see 10x gains — like Bitcoin this year, in many alt-coins.”

First, let’s take a look at factors you must keep in mind while looking for new cryptocurrencies.

The team behind it
You must know where the developing team comes from; do they have any experience working with cryptocurrencies? Do they have any backers? The companies that have succeeded, usually do have expert teams with great experience.

Determine where they stand
You must check where they are in the process. Do they have Betas and Alphas up? Are they releasing new features? Do you see them going forward?

Are they charging right?
Altcoins have very shifting prices. In times like these, you need to check if they are priced right. It’s usually better to stay away from highly priced altcoins.

Here are 4 cryptocurrencies to look out for in the upcoming years.

-Litecoin (LTC)
Market cap: $17.78 Billion

Creator: Former Google employee Charlie Lee.

Litecoin was created in 2011. It was originally made to cut the time needed to carry out transactions. It has a similar platform as the Bitcoin except it allows more people to participate and allows itself to have a wider audience. Litecoin also has the capacity to produce more coins compared to Bitcoin. It has a limit of 84 million coins, whereas Bitcoin has a limit of 21 million.

Monero
Market cap: $4.84 Billion

Creator: Anonymous

The main appeal of Monero is anonymity. Every detail of every transaction, the sender, receiver are recorded on a public ledger but are made untraceable. With Monero, every transaction you make will be completely untraceable. No one could gain any access to any detail.

This may make it extra appealing to cybercriminals. In fact, there was a recorded case of a huge hacker group demanding Monero.

However, there are many more documented cases of hackings of Bitcoin, where more money was at stake. Monero is ideal for corporations who want to move money without competitors getting knowledge of it or people who have businesses in foreign countries and don’t want to become easy targets.

Monero is slowly starting to gain popularity with the general public. Many musicians such as Lana Del Ray, Dolly Parton, Sia have shown interest in the cryptocurrency.

Monero currently has about 15 million coins in circulation.

Neo
Market cap: $2.6 Billion

Creator: Da Hongfei, CEO of Onechan with co-creator Erik Zhang.

Tung predicts that Neo will explode If China changes its stance on cryptocurrencies. It has been dubbed as ‘The Ethereum of China’. Ethereum holds the No. 2 spot, just behind Bitcoin and has a market cap of $61 billion so Neo has an exceptionally long way to go if it is going to reach the level of success that Ethereum has.

Neo currently has about 60 million coins in circulation out of 100 million.

Cardano
Market cap: $3.06 Billion

Creator: Blockchain developer Input Output Hong Kong

Cardano was launched this year and blew up on its arrival in its massive gains of coins. In November, it had made its way up to the Top 10 Cryptocurrencies on account of its market cap.

The project was started in mid-2015 and announced itself to be the first ever blockchain network built by a team of great academics and engineers following a ‘scientific philosophy’.

Cardano has had a big role in private transactions and has also provided for the needs of the supervisory body, making it ready for public and large-scale use. Charlie Hoskinson, the CEO says that his aim with Cardano is to make cryptocurrencies a bigger part of people’s lives instead of just a ‘fun novelty’.

Cardano still has a long way to go and is still in development. Cardano’s framework is still in the works and will take a long time to fulfill the needs of contractors.

source: millionairessaying