alt coins to watch in 2018

*Litecoin (LTC): Market cap: $17.23 billion, Performance in 2017: +4,800%

The skinny: Litecoin has been described as the silver to bitcoin’s gold.

Created by Lee back in 2011, it’s billed as an alternative to bitcoin. Without getting too wonky, Lee essentially aimed to cut the amount of time required to confirm new transactions and tweak the way bitcoin was being mined to ensure anybody could participate. “My vision is people would use Litecoin every day to buy things. It would just be the payment method of choice,” Lee once said.

Litecoin is also designed to produce more coins -- it has an 84 million coin limit, versus bitcoin’s 21 million. About 54 million coins are currently in circulation, versus bitcoin’s current 16.7 million circulating supply

*Monero (XMR), Market cap: $4.84 billion; Performance in 2017: +1,930%

Who created it? Much like bitcoin, Monero’s creator is anonymous.

The skinny: The appeal of Monero? Anonymity. With Monero, the details of every transaction, including sender, receiver and size, are recorded on a public ledger, but are obfuscated to reportedly make them untraceable. Use Monero, and, in theory, there’s no way for anyone else to connect the dots between the sender, receiver or size of the transaction.

Sound like an appealing coin to cybercriminals? It is. The hackers behind the global ransomware incident WannaCry, which infected 230,000 computers running Microsoft Windows, demanded payments in Monero.

That said, there are many more cases recorded of hackers demanding bitcoin, and Monero’s backers say the coin’s biggest use cases aren’t illicit. It would appeal, they say, to corporations who want to move money around without competitors knowing, or to anyone who simply doesn’t want their balance and transactions made public, such as someone doing business in a foreign country who doesn’t want to become a target.

*Neo: Market cap: $2.6 billion; Performance in 2017: +24,685%

Who created it? Da Hongfei , CEO of Onchain and blockchain evangelist in China, along with co-founder Erik Zhang

The skinny: Tung predicts Neo, dubbed the “Ethereum of China,” will explode if China eases its stance on ICOs and bitcoin. Ethereum is the clear No. 2 behind bitcoin in terms of market cap at $61 billion. So Neo obviously has a long way to go.

Founder Da Hongfei recently went on CNBC to soothe fears about cryptos getting overheated. “I would say that there is a bubble in this industry, but would say it’s OK,” he said. “Every technology that is so disruptive — there’ll definitely be bubbles, like the train or the automobile.” Neo has been around since 2014, when it was called “Antshares.” Yes, it’s been changed to reference the Matrix.

NEO’s circulating supply is currently at 65 million, out of a total of 100 million coins.

• Ripple (XRP): Market cap: $11.22 billion, Performance in 2017: +3,803%

Who created it? Web developer Ryan Fugger, businessman Chris Larsen and programmer Jed McCaleb

The skinny: Former bitcoin developers launched software company Ripple in 2012 and its digital currency, XRP, is seen by some industry types as bitcoin’s logical successor.

The New York Times once described Ripple as “a cross between Western Union and a currency exchange, without the hefty fees” because it’s not only a currency, but also a system on which any currency, including bitcoin, can be traded. “Ripple connects banks, payment providers, digital asset exchanges and corporates via RippleNet to provide one frictionless experience to send money globally,” its creators explained.

Ripple has licensed its blockchain technology to over 100 banks. And a new hedge fund recently announced it would be denominated in XRP. Its CEO recently told Fortune: “We’re not anti-bank, we’re not antigovernment, we’re not anti-fiat currency. For a while that took conviction to stay the course in the face of the more libertarian elements of crypto.”

The XRP circulating supply is currently about 38.7 billion out of a maximum supply of 100 billion... which is A LOT more than the rest of the cryptos on this list

*Iota (MIOTA): Market cap: $12.66 billion. Performance in 2017 (since start of trading in June): +623%

Who created it? David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Dr. Serguei Popov, a team of entrepreneurs, mathematicians and developers

The skinny: lota’s big draw is that it doesn’t have any trading fees, miners or blocks. For every transaction you make, your processing power is used to validate two other transactions, making every Iota owner also an Iota “miner.”

Essentially, Iota focuses on becoming the backbone for secure machine-to-machine payments in the Internet of Things economy and is unique in that it is hailed as the first crypto created without the use of a blockchain. Instead, it is based on a distributed ledger architecture called “The Tangle,” an innovation that is credited for allowing Iota to achieve three major crypto milestones: zero-cost transactions, offline transactions, and infinite scalability.

Word of its latest partnership with Microsoft just gave it a big boost and propelled it into the top tier of the most valuable cryptos.

The maximum supply of MIOTA is just under 2.8 billion, and the entire maximum supply is currently in circulation.

*Bitcoin Cash: Market cap: $26.1 billion; Performance in 2017 (since start of trading in July): +245%

Who created it? Bitcoin Cash was created by a team of people who forked the bitcoin blockchain ledger. It is now controlled by multiple independent teams of developers.

The skinny: Bitcoin Cash is among the newest of the cryptocurrencies, developed in August of 2017 as a hard fork of bitcoin. What’s that? Essentially a new version of bitcoin that’s incompatible with bitcoin.

Bitcoin Cash was created as some users were frustrated by high fees and slow processing times. Because Bitcoin Cash has a greater block size limit, its creators say the cryptocurrency has more capacity to handle transactions with lower fees and faster confirmations. On the other side of that reasoning, though, are the bitcoin loyalists who believe that increasing block sizes endangers the cryptocurrency’s decentralized nature. The philosophical divide between bitcoin and Bitcoin Cash was aptly described by Forbes as “Cypherpunk Vs. Silicon Valley.”

The biggest challenge facing Bitcoin Cash right now is adoption: For it to be valuable, it needs to convince businesses to accept both bitcoin AND the rival payment network. It also needs to convince miners to participate in the transaction-clearing process.

*Steem: Every here familiar with it.