Top 6 Cryptocurrencies In 2018 You Should Consider For Long-Term
Many of us thinking about where to invest in 2018.
Here i'd like to share an article about which cryptocurrency investment is a long term and most profitable.
Cryptocurrency as an investment option seems to be rising exponentially. Top cryptocurrency like Bitcoin has been attracting as many traders and investors.
If I had to pick, I would pick 2017 as the year of cryptocurrencies. And I don’t think I have to explain the reasons.
Investing in top cryptocurrency besides Bitcoin can prove to be a highly profitable long-term investment.
There are more than 5000 cryptocurrencies in the world. According to market cap, demand, future scope and value investment asset i have sorted few of them for 2018.
Certainly, the daily traders saw huge profit while trading Bitcoin but the silent gainers are the long-term investors so always think about long-term investment and Never invest money that you can't afford to lose.
Here is list of few Cryptocurrencies which i consider it for long run.
1:- Bitcoin
Launched in 2009, Bitcoin is the undoubted king of cryptocurrencies.
Bitcoin is the most recognised and the topmost in the list of Top 5 cryptocurrency in the world. It is a world-wide digital currency based on the peer to peer technology system wherein transactions are recorded in public distributed ledger referred as block chain. Bitcoins can be traded for goods and services provided the vendors accept bitcoin payments.
Although Bitcoin’s framework is fairly outdated right now, it still is the first cryptocurrency to be created.
Currently, a single unit of Bitcoin or BTC has a price of more than $12,900. Bitcoin also has a market cap of $217 billion. Newcomers may find the price a bit too overwhelming.
In fact, this year Bitcoin has risen in value 1,000% year-to-date. Such a successful year made this cryptocurrency an attractive asset for the financial institutions and governmental organizations all over the world.
But remember Bitcoin doesn’t care whether you have 10,000 BTC or 0.01 BTC So consider Bitcoin as your first option always.
2:- Ethereum
Ethereum is quite new to this game, but that hasn’t been able to hold it back. Vitalik Buterin founded Ethereum to make it easier to communicate with the underlying blockchain.
Ethereum is second only to Bitcoin in the hierarchy of top cryptocurrency and shown impressive growth rates in the year 2017, proving itself as a game changer and a rival to Bitcoin.
Ethereum made it comparatively easier to create smart contracts.
The biggest difference between Bit coin and Ethereum is the use of blockchains.
Ethereum has the major share of the market when it comes to ICO projects. Ethereum uses a PoW algorithm called Ethash for mining.
3 :- Ripple
The Ripple project is all about making our payment methods more efficient and pocket-friendly.
Ripple is a transaction protocol for Global Payments. It is the fourth largest crypto currency after Bitcoin, Ethereum, and Bitcoin cash on the basis of market cap. It helps in transmitting the payments internationally at very low fees
It is a great example of cryptocurrency that is set to solve an actual real-world issue.
Unlike most other cryptocurrencies Ripple uses consensus technique to verify transactions.
4 :- Bitcoin Cash (BCH)
Bitcoin Cash is one of the most popular hardforks of the Bitcoin Core. It started with all the investors getting the same amount of BCH as BTC i.e. Bitcoin transactions are completed when a block is added to the blockchain. A full 1Mb Bitcoin block generally contains around 2000 transactions and generally takes around ten minutes to process.
5:- Monero
Monero is a mineable cryptocurrency protocol that is all about security and privacy. Unlike Bitcoin which reveals your transaction data to the public, Monero uses stealth addresses and ring signatures to completely block it.
Monero is a newer cryptocurrency than Bitcoin, but it has been able to compete favorably. It uses the CryptoNote protocol as opposed to the bitcoin protocol.
This currency uses top-notch technological systems which make it impossible to trace any of its transactions. All the Monero coins are identical and can be exchanged to uphold the privacy of its owners. This usually termed as being fungible.
6:- LiteCoin
The cryptocurrency was created by ex-Google employee, Charlie Lee in 2011 as an alternative to bitcoin. Lee essentially set out to reduce the time required to confirm new transactions and modify the way bitcoin was mined to ensure anyone could participate.
That is why ASIC mining rigs for Litecoin are more complicated and expensive to make.
Unlike Bitcoin, Litecoin processes the blocks every 2.5 minutes to make the transaction process faster.
More cryptocurrencies which you can consider as a long term investment for 2018.
Comment if you think there are more, I'd really appreciate the new suggestions and opinions.
Who doesn't have any knowledge about cryptocurrencies,they should read this blog. They can get all at once here. Nice blog.Informative too.
Glad you liked it :) @sam1210
Good List!
Thanks @shadowblade , Would you like to suggest more by your own perspective?
I never think of the future - it comes soon enough.
- Albert Einstein
Imagination is more important than knowledge.
@wise-old-man
I think this is a good list. Zcash and Monero are good privacy plays. Though, Ethereum and Zcash have been collaborating for a time and have said they are looking to implement zero-knowledge cryptography on Ethereum transactions.
I might add OmiseGO (OMG) to the list. They recently acquired a payment processor in Asia(think Paypal for Asia) and have an existing business model. Their goal is to expand their base and improve the speed of transactions. It is still the early days for these guys...but I think they will be a future star.
Thank you @unseenrevolution noted for the future.